Tag: expects

Italy Broadband Merger: Government Expects EU Deal for Network, Telecom Italia

A Telecom Italia store in Rome.

Photographer: Alessia Pierdomenico/Bloomberg

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Italy’s government is confident that the European Union will ultimately back its plan to create a single national broadband network under former monopoly Telecom Italia SpA, a minister said.

The government will offer Brussels guarantees that the plan assures telecommunications companies equal treatment and a level playing field, Stefano Patuanelli, minister for economic development, said in an interview in Rome.

“Brussels is aware that the proposed combination is just a first step which will see other telecoms companies involved at later stages,” the minister said, “I don’t see the risk of it blocking the deal, but I definitely see the EU position to advocate for the protection of the free market.”

Telecom Italia is involved in a state-backed plan to create

Read More

NPD Expects Historic Holiday For U.S. Consumer Technology Sales

Predicts 18% growth in Q4 2020 thanks to strong sales since March with COVID-19 stay-at-home orders fueling technology needs

In a year where technology has played an even more crucial role in keeping people connected, it may not be surprising that monthly technology sales have been up year over year since March, when COVID-19 restrictions began in the U.S. In the months that followed, technology sales experienced double-digit year-over-year growth¹ and this momentum is expected to continue. In fact, according to NPD’s Future of Tech report², Q4 2020 will see historic growth of 18% compared to Q4 2019, which saw 4% growth compared to Q4 2018.

The second quarter of 2020 saw healthy gains in categories associated with learning and working from home, as consumers across the U.S. outfitted their home offices with the equipment needed to maintain productivity. Gains in home

Read More

Alibaba Expects First Profit From its Cloud Arm This Year

(Bloomberg) — Alibaba Group Holding Ltd. foresees its cloud services arm turning profitable for the first time this year, a milestone for the decade-old business that underscores how Asia’s largest corporation expects a return to pre-pandemic levels as China’s economy rebounds.


Load Error

Alibaba’s shares rose as much as 4% in Hong Kong, their biggest intraday gain in over a month. Its internet computing business is growing roughly 60% at an annual revenue run rate of about $7 billion, Chief Financial Officer Maggie Wu told investors at an annual company conference. The unit should turn profitable in the year ending March, she said.

Cainiao, the logistics service Alibaba folded fully into its broader empire in 2017, should generate positive cash-flow on an operating basis over the same period, she added.

China’s most valuable corporation has invested billions in hosting computing for corporations over the cloud, while building a nationwide logistics

Read More

Galaxy Next Generation Expects to Close Acquisition of Classroom Technology Solutions, Inc. by Mid-October

The MarketWatch News Department was not involved in the creation of this content.

September 24, 2020 (ACCESSWIRE via COMTEX) —
Adds Industry Recognized Audio-Visual Products for the K-12 Education and Collaboration Market

TOCCOA, GA / ACCESSWIRE / September 24, 2020 / Galaxy Next Generation, Inc. (OTCQB:GAXY) (“Galaxy” or the “Company”), a provider of interactive learning technology solutions, is pleased to announce that it has targeted mid-October to close its previously announced acquisition of Classroom Technology Solutions (“CTS”).

The proposed acquisition was signed as a Letter of Intent (“LOI”) in late-May to acquire a designer, manufacturer, importer and integrator of audio-visual products, with headquarters in Jacksonville, Florida.

CTS received the 2020 Best of Jacksonville Award in the Audio-Visual Supplier category and has also been recognized as one of the “Fastest Growing Private Companies in Northeast Florida” as well as “Largest Technology Service Companies” and “Top Integrators” by the Jacksonville Business Journal.

Read More

Bill Belichick expects Patriots to have hands full with Raiders’ TE Darren Waller, ‘Nobody does more than this guy’

Patriots coach Bill Belichick didn’t need to see Darren Waller’s 12 catch, 103-yard receiving performance Monday night to know his team had a challenge on its hands when New England hosts the Las Vegas Raiders and Waller, Sunday at 1 p.m.

“He’s really really tough.  It’s been a long time since we’ve seen a guy like this. He’s really got great receiver skills, he played receiver and always got a lot of length like a like a big receiver does, but he’s got very good quickness and blocks very competitively. He’s not afraid to mix it up,” Belichick said. “So he’s definitely more than a receiver playing tight end. He’s got all the skills that can come inside. He’s a very good inside receiver which sometimes the wideouts have trouble making that move in there.”

Waller, who played in an option system at Georgia Tech, wasn’t expected to be a

Read More

New Zealand’s finance minister expects strong economic rebound

SINGAPORE — New Zealand is predicting a strong rebound for its economy in the three months that end in September, Finance Minister Grant Robertson said Friday. 

The country fell into a steep recession — two consecutive quarters of negative growth — after GDP shrank 12.2% on-quarter between April to June, largely in line with the 12.8% decline that economists expected in a Reuters poll. That followed a negative 1.4% growth in the March quarter. 

Between April and May, New Zealand enforced a strict nationwide lockdown for several weeks to slow the spread of coronavirus. That meant most people had to stay indoors and all non-essential businesses were shut. Infection rate in the country of around 5 million people has remained relatively low, with 1,809 cases reported and 25 deaths. 

Robertson told CNBC’s “Squawk Box Asia” that the June quarter data “was to be expected” and that activity rebounded in July

Read More

5GAA expects 5G-V2X basic car automation in 2024, cooperation in 2026

Wireless engineers, automakers, and governments have spent years preparing for a future where autonomous cars will communicate with each other and transportation networks — an initiative known as “cellular vehicle to everything,” commonly abbreviated C-V2X. Today, the 5G Automotive Association (5GAA) offered a roadmap for mass deployments of automotive communications technologies, and its timeline includes several interesting dates that aren’t as far off as some people might have guessed.

Based on the current pace of cellular industry standards organization 3GPP’s 5G releases, global 5G deployments, and the state of the automotive communications supply chain, the 5GAA expects three C-V2X stages over the next decade. From 2020 through 2023, automakers will rely on 4G LTE-V2X technology to enable basic safety features, such as left turn assistance and emergency electronic brake light features to improve traffic efficiency. They’ll augment basic local hazard and traffic information that’s already being shared over cellular networks.

Read More