Supplier Report: 1/3/2020


Photo by Annie Spratt on Unsplash

Big Tech is trying to make good on promises like leaving acquisitions alone and not using your personal data for evil things. But when the pressure to earn rises to unbearable levels, will those words still hold true?

California is trying to hold these companies responsible and give consumers more control over the data collected about them, but will these laws help or confuse an already complicated situation?

Finally, since we are on the topic of privacy, you might want to think twice before sending your cheek swab to one of those DNA companies… there isn’t much governance on what they are (and what the authorities) are doing with that data.

Acquisitions/Investments

  • LinkedIn CEO Jeff Weiner: ‘Satya Has Made Good’ On Microsoft’s Acquisition Agreement

    One of the biggest reasons why Microsoft is taking its time on pushing integrations is to avoid making mistakes. LinkedIn is Microsoft’s largest acquisition to date so it has to move with caution.

    Microsoft wants to avoid making integration mistakes that it made in the past. In 2012, Microsoft had written off the $6.2 billion acquisition of digital ad company aQuantive. And Microsoft also saw a quarterly loss in 2015 due to $8.3 billion in charges related to the restructuring of its phone hardware operations following the $9.5 billion acquisition of the Nokia Devices and Services business.

    Microsoft CFO Amy Hood pointed out that one of the goals of the LinkedIn acquisition was to accelerate the growth of the professional social network along with Office 365 and Dynamics 365.

    https://pulse2.com/linkedin-satya-has-made-good-on-acquisition/

  • Remembering the startups we lost in 2019

    A cursory look at this year’s batch of companies doesn’t find any story quite as spectacular as last year’s big Theranos flameout, which gave us a best-selling book, documentary, podcast series and upcoming Adam McKay/Jennifer Lawrence film. Some, like MoviePass, however, may have come close.

    And for every Theranos, there are dozens of stories of hardworking founders with promising products that simply couldn’t make it to the finish line. There’s also room for debate about what is and isn’t a startup. For our purposes, we’re focusing here on independent startups, not digital initiatives from larger companies — though in at least one case, the startup was acquired by a larger company before shutting down.

    https://techcrunch.com/2019/12/26/startups-lost-in-2019/

Security/Privacy

  • GDPR was just a warmup. CCPA will arrive with a bang.

    “We’ve already talked to some companies who either have decided or are considering to pull their marketing programs from California. So there may be some fallout. It might just be a temporary thing for them to see where the cards fall,” said Rachel Glasser, global chief privacy officer at Wunderman Thompson.

    Even if only temporarily, advertiser pullback would put publishers’ and ad tech companies’ businesses in a bind. But those companies are also facing more permanent predicaments.

    Any company that sells California residents’ personal information under the law’s broad definition of sale is required to put a “clear and conspicuous” link on its homepage titled “Do Not Sell My Personal Information” for people to request the company to stop selling their information.

    https://digiday.com/marketing/gdpr-just-warmup-ccpa-will-arrive-bang/
    What Does California’s New Data Privacy Law Mean? Nobody Agrees

    “Companies have different interpretations, and depending on which lawyer they are using, they’re going to get different advice,” said Kabir Barday, the chief executive of OneTrust, a privacy management software service that has worked with more than 4,000 companies to prepare for the law. “I’ll call it a religious war.”

    The new law has national implications because many companies, like Microsoft, say they will apply their changes to all users in the United States rather than give Californians special treatment. Federal privacy bills that could override the state’s law are stalled in Congress.

    The California privacy law applies to businesses that operate in the state, collect personal data for commercial purposes and meet other criteria like generating annual revenue above $25 million. It gives Californians the right to see, delete and stop the sale of the personal details that all kinds of companies — app developers, retailers, restaurant chains — have on them.

    https://www.nytimes.com/2019/12/29/technology/california-privacy-law.html

  • What You’re Unwrapping When You Get a DNA Test for Christmas

    But is using one of these kits also opening the door to letting the police use your DNA to arrest your cousin? The answer in this rapidly evolving realm depends largely on which sites you join and the boxes you check off when you do. And even if you never join any of these sites, their policies could affect you so long as one of your 800 closest relatives has.
    **
    To identify a suspect’s blood, for example, investigators do not need to find the person who cut his hand smashing through a window. They just need to match to a couple of his second or third cousins in a DNA database. From there, a genetic genealogist can puzzle out how these cousins are related to one another and the suspect by building out a series of family trees. Often this leads to an arrest.

    https://www.nytimes.com/2019/12/22/science/dna-testing-kit-present.html

Infrastructure/Hardware

  • IBM’s Seawater Battery Making Waves

    IBM is essentially announcing a potential alternative to lithium-ion batteries – and not just an alternative to some of the main ingredients. What’s more, IBM states the batteries perform even better than current lithium-ion batteries. Citing greater efficiency, faster charging, as well as higher power and energy density. These batteries are not just environmentally sound, but are also more capable in general. Further adding to their appeal, IBM states they are cheaper to produce thanks to their lack of heavy metals.

    The issue is that they are currently far from being in a finished state. IBM’s announcement does not even suggest the company intends to build the batteries itself. Instead, the collaboration with the other vested companies is intended to flesh out the technology and create an environment where it becomes easier for other companies to produce the seawater-sourced batteries in the future.

    https://screenrant.com/ibm-seawater-battery-tech/

  • Huawei reportedly got by with a lot of help from the Chinese government

    Huawei reportedly had “access to as much as $75 billion in state support,” according to a piece published by The Wall Street Journal on Christmas Day.

    That massive figure is culled from poring over various forms, including grants and tax breaks. Huawei, for its part, isn’t denying any government support, but said in response that what it received was “small and non-material,” in line with the usual variety of grants awarded to tech startups and companies.

    Per WSJ’s accounting of public records, Huawei got around $46 billion in loans and other support, coupled with $25 billion in tax cuts used to accelerate tech advances.

    https://techcrunch.com/2019/12/26/huawei-reportedly-got-by-with-a-lot-of-help-from-the-chinese-government/

Other

  • Accenture: Remaining Bullish And Raising Target Price Post Earnings

    Per our industry-wide analysis and Accenture’s favorable fundamentals, and given the company’s strong top-line growth, we believe that ACN shares merit ~29x P/E multiple on 2019 earnings. When we apply it to our 2019 EPS estimate of $8.65 (up from $8.49), we get the target price of $251 (up from $245). We note that this P/E multiple is contingent on the S&P multiple of ~18x, and may expand/contract together with the multiple.

    Risks:

    While Accenture strives to make the pricing structure attractive to its core clients and, henceforth, attract greater business, we see a number of Indian players, such as Infosys, Tata Consultancy, and Wipro, potentially lowering prices in the foreseeable future. In addition, there are smaller players that are threatening Accenture in Europe, such as Epam and Luxoft.

    The company heavily relies on H1-B and L-1 visas; over the last several years Congress attempts to heavily regulate the number of visa works each company can hire. Should the H1-B and L-1 visas become even more limited, there could be a 40-60 bps negative impact to Accenture’s margin.

    https://seekingalpha.com/article/4314133-accenture-remaining-bullish-and-raising-target-price-post-earnings

  • Uber Co-Founder Travis Kalanick Departs Board, Sells All His Shares

    The exit punctuates a decade in which Silicon Valley investors pumped startups with extraordinary sums of money and granted their founders vast power and a mandate to grow at breakneck speeds.

    Uber and Mr. Kalanick were the archetype of this model, as Mr. Kalanick raised over $14 billion in equity and debt from outside investors who bought into his expansive vision and energetic approach. At its peak, Uber was the most valuable startup in the U.S., with a valuation of about $68 billion.

    The move by Mr. Kalanick to sell his shares was set in place multiple months ago, said people familiar with the matter, and called for him to sell shares daily until his holdings wound down to zero.

    https://www.wsj.com/articles/uber-co-founder-travis-kalanick-to-depart-companys-board-11577196747

Supplier Report: 5/31/2019

There were several privacy/security events disclosed over the last week that continues the conversation about how our data is secured…

Google stored passwords in plain text for over a decade,  Snapchat employees spied on users, and a real estate company leaked 885 million real estate documents to the web.

Huawei is a good example of what happens to a company that the US government does not trust. Could this be the first draft of a playbook, or is Huawei unique in their punishment?

Acquisitions/Investments

  • As Amex scoops up Resy, a look at its history of acquisitions

    In addition to Resy, AmEx has been on a buying spree as of late. In March, we reported on its purchase of LoungeBuddy, a former partner that helped travelers with reviews of various airport lounge areas. Also this year, AmEx picked up Pocket Concierge, a firm that we wrote “helps book in-demand restaurants and is similar to OpenTable.”

    https://techcrunch.com/2019/05/19/as-amex-scoops-up-resy-a-look-at-its-history-of-acquisitions/

Cloud

  • As Oracle’s growth stagnates, insiders say that its all-important cloud business has suffered layoffs, infighting, and confusion

    But the interesting thing isn’t just how many people Oracle is cutting. It’s also the business units being targeted.

    Specifically: 300 people were cut from Oracle’s Seattle offices in the early rounds of layoffs, including 25% of of the all-important group known internally as Oracle Cloud Infrastructure, or OCI, one employees told us and another, who was laid off in Seattle, confirmed. Corporations do not have to report layoffs in the state of Washington unless 500 people are impacted in a single location at one time, and Oracle has not publicly reported layoffs in the state.

    This Seattle team is Oracle’s second cloud engineering and development group, but arguably its most important one. Its mission is to build what Oracle calls its Oracle Cloud Infrastructure Generation 2 cloud, which is also known internally as OCI. The new cloud has become the centerpiece of Oracle’s whole technology strategy. Gen 2 was announced in the fall.

    https://www.businessinsider.com/oracle-insiders-describe-slow-growth-chaotic-cloud-unit-2019-5

  • An Amazon employee explains why thousands of workers want the company to stop selling cloud services to oil companies, just like it won’t sell guns

    Amazon employees submitted a shareholder proposal and held a press conference calling for the company to become a leader in sustainability by vowing to quickly reduce its carbon footprint in line with recommendations by climate scientists.

    They also want their company to ditch the unit that sells cloud computing services to oil and gas companies.

    Their efforts seem to be having an impact, as Amazon has finally promised to share its carbon-footprint data and to reduce the impact of its massive shipping operations.But one leader of the employee protest explains that thousands of employees don’t think Amazon is doing all it can, and haven’t given up the fight.

    https://www.businessinsider.com/amazon-employee-explains-climate-change-protest-2019-5

Security/Privacy

  • Snapchat employees reportedly snooped on users with ‘SnapLion’ tool

    In total, Motherboard spoke to four former employees and a current employee that verified the existence of the SnapLion tool. Two former employees said that the abuse of the SnapLion tool occurred “several years” ago, but it’s unknown whether it’s still happening today. Emails obtained by Motherboard revealed an employee using the tool to look-up a user email address in a non-law enforcement related context. Snapchat did not immediately respond to a request from Engadget for comment.

    https://www.engadget.com/2019/05/23/snapchat-employees-spied-snaplion-tool/

  • Amazon under greater shareholder pressure to limit sale of facial recognition tech to the government

    Months earlier, shareholders tabled a resolution to limit the sale to law enforcement and government agencies Amazon’s facial recognition tech, called Rekognition. It followed accusations of bias and inaccuracies with the technology, which they say can be used to racially discriminate against minorities. Rekognition, which runs image and video analysis of faces, has been sold to two states so far, and Amazon has pitched Immigration and Customs Enforcement. A second resolution will require an independent human and civil rights review of the technology.

    Now the ACLU is backing the measures and calling on shareholders to pass the resolutions.

    https://techcrunch.com/2019/05/20/amazon-shareholder-pressure-face-recognition/

  • Google says some G Suite user passwords were stored in plaintext since 2005

    The search giant disclosed the exposure Tuesday but declined to say exactly how many enterprise customers were affected. “We recently notified a subset of our enterprise G Suite customers that some passwords were stored in our encrypted internal systems unhashed,” said Google vice president of engineering Suzanne Frey.

    Passwords are typically scrambled using a hashing algorithm to prevent them from being read by humans. G Suite administrators are able to manually upload, set and recover new user passwords for company users, which helps in situations where new employees are on-boarded. But Google said it discovered in April that the way it implemented password setting and recovery for its enterprise offering in 2005 was faulty and improperly stored a copy of the password in plaintext.

    Google has since removed the feature.

    https://techcrunch.com/2019/05/21/google-g-suite-passwords-plaintext/

  • First American security flaw leaked 885 million real estate documents

    First American Financial Corporation left as many as 885 million real estate documents dating as far back as 2003 exposed, according to Krebs on Security. The company, one of the largest real estate title insurance firms in the US, has already fixed the vulnerability as of Friday afternoon after the security researcher notified it of the flaw. Before the patch rolled out, however, anybody armed with a link to one of the documents hosted on its website could simply change a single digit in the URL to access somebody else’s files. The documents didn’t require a password or any kind of authentication.

    https://www.engadget.com/2019/05/25/first-american-leak/

Software/SaaS

  • Google suspends Huawei’s Android support

    Reuters sources claim Google has suspended transactions with Huawei that require transferring proprietary hardware and software, hobbling much of its smartphone business outside of China. It “immediately” loses access to future OS updates beyond the Android Open Source Project, according to the insider, and upcoming phones would have to go without official apps like the Google Play Store and Gmail.

    The company is still “internally” discussing which services are going away, the source said. Google would cut off all tech support and collaboration for Android and services, however.

    https://www.engadget.com/2019/05/19/google-pulls-android-support-from-huawei/

  • Microsoft, once considered a stodgy software maker, has outperformed tech unicorns since 2015

    For example, ride-hailing company Uber was valued at $55 billion at the time, and is now only at $68 billion following its IPO this month. Investors valued Snap at $16 billion in late 2015, and the company’s inability to find a profitable business model since its 2017 IPO has left it worth $15 billion on the public market. Pinterest went public in April and has a market cap of $12.9 billion, up just a bit from its $11 billion valuation in 2015. Dropbox has slipped from $10 billion then to a market value of $9.4 billion now.

    Microsoft, meanwhile, is cranking out earnings from its dominant Windows products and its ability to push legacy clients to emerging cloud products like Azure and Office 365. Under CEO Satya Nadella, Microsoft has recorded eight straight quarters of year-over-year double-digit sales growth. In April, it became the third public company to reach a $1 trillion market cap, though it’s fallen some since then.

    https://www.cnbc.com/2019/05/25/microsoft-has-grown-more-than-a-basket-of-unicorns-since-2015.html

Infrastructure/Hardware

  • Microsoft and Sony strike partnership for gaming and AI services

    “The two companies will explore joint development of future cloud solutions in Microsoft Azure to support their respective game and content-streaming services,” Microsoft said in a statement.

    Sony’s existing game and content-streaming service will also set to be powered by Microsoft Azure in the future. The companies also hope to build better development platforms for the content creator community.

    On top of this, the Microsoft and Sony will work together on AI, semiconductor and image sensing technology.

    https://www.gigabitmagazine.com/ai/microsoft-and-sony-strike-partnership-gaming-and-ai-services

  • China’s largest chipmaker is delisting from the Nasdaq

    Semiconductor Manufacturing International Corp (SMIC) announced in a filing published Friday that it plans to delist next month ending a 15-year spell as a public company in the U.S. The firm will file a Form 25 to delist on June 3, which is likely to see it leave the NYSE around ten days later. SMIC, which is backed by the Chinese government and state-owned shareholders, will focus on its existing Hong Kong listing going forward but there will be trading options for those holding U.S-based ADRs.

    In its announcement, SMIC said it plans to delist for reasons that include limited trading volumes and “significant administrative burden and costs” around the listing and compliance with reporting.

    https://techcrunch.com/2019/05/24/smic-nasdaq-delisting/

Other

  • With Barry Padgett leaving SAP, what’s next for new Intelligent Spend Group?

    Barry Padgett has left SAP only weeks after being named president of the newly created SAP Intelligent Spend Group (ISG), a combination of SAP Ariba, SAP Concur and SAP Fieldglass.

    Padgett had previously served as president of SAP Ariba, before being promoted to the new role as leader of the combined group. Spend Matters sources suggest he has accepted a new role as chief revenue officer for Stripe, a payments company, although this is unconfirmed at this time.

    https://spendmatters.com/2019/05/21/barry-padgett-leaving-sap-and-new-intelligent-spend-group/

  • Ford will slash 7,000 salaried jobs by August

    This cuts will result in annual savings of about $600 million, Hackett said in the email. “We also made significant progress in eliminating bureaucracy, speeding up decision making and driving empowerment as part of this redesign,” he wrote.

    The layoffs were anticipated by employees. Ford informed employees last October that it would be restructuring the company, a move that would likely result in layoffs and voluntary buyouts.

    The reorganization is part of a broader strategy to prepare for a future with autonomous vehicle technology, electrification and unconventional ownership models.

    https://techcrunch.com/2019/05/20/ford-will-slash-7000-salaried-jobs-by-august/

  • Hertz-Accenture lawsuit highlights billing issues inside agencies

    “This disagreement is less an indictment of the consultant model and more of a wake-up call to slow down and do a better job scoping a project,” wrote Mark Bachmann, partner and chief client officer at independent agency Marcus Thomas in an email.

    Clients have been looking more closely at agency billings, which has resulted in the further splintering of agency-client relationships. Some of that has been a direct result of the issue at play in this suit: that the rise of digital means the old model of scoping a project and therefore deciding the payment plan simply doesn’t work anymore. As Digiday previously wrote, making 10 YouTube videos isn’t the same as making one TV spot.

    This suit and the disagreement between Accenture and Hertz are likely part of that trend, a sign that the change clients were looking for in the move from agencies to consultancies may not be as great as they had anticipated.

    https://digiday.com/marketing/wake-call-hertz-accenture-lawsuit-highlights-scoping-issues-agency-model/

Photo by Patrick Hendry on Unsplash

Supplier Report: 6/15/2018

The DOJ said it would not block AT&T’s $85B acquisition of Time Warner on Thursday, within hours the acquisition was deemed complete. AT&T wasn’t the only company making moves… Workday bought TWO companies and data analytics companies Slack and Tableau both announced acquisitions this week.

Amazon was in the press for poor labor conditions in their Alexa supply chain. Foxconn workers making the devices have been found to be mistreated and underpaid. Amazon’s own audit of the situation confirms the report.

Oracle shares dropped due to a JP Morgan CIO report documenting a decrease of purchasing interest of Oracle products and services from IT executives.

Acquisitions

  • AT&T Completes Acquisition of Time Warner Inc.

    Under the terms of the merger, Time Warner Inc. shareholders received 1.4 shares of AT&T common stock, in addition to $53.75 in cash, per share of Time Warner Inc. As a result, AT&T issued 1,185M shares of common stock and paid $42.5B in cash. Including net debt from Time Warner, we now have $180.4B in net debt.

    https://www.businesswire.com/news/home/20180614006343/en/ATT-Completes-Acquisition-Time-Warner

  • Workday acquires Rallyteam to fuel machine learning efforts

    In this case, Workday appears to be acquiring the talent. It wants to take the Rallyteam team and incorporate it into the company’s engineering unit to beef up its machine learning efforts, while taking advantage of the expertise it has built up over the years connecting employees with interesting internal projects.

    “With Rallyteam, we gain incredible team members who created a talent mobility platform that uses machine learning to help companies better understand and optimize their workforces by matching a worker’s interests, skills and connections with relevant jobs, projects, tasks and people,” Workday’s Cristina Goldt wrote in a blog post announcing the acquisition.

    https://techcrunch.com/2018/06/08/workday-acquires-rallyteam-to-fuel-machine-learning-efforts/

  • Workday acquires financial modelling startup Adaptive Insights for $1.55B

    Workday, the cloud-based platform that offers HR and other back-office apps for businesses, is making an acquisition to expand its portfolio of services: It’s buying Adaptive Insights, a provider of cloud-based business planning and financial modelling tools, for $1.55 billion. The acquisition is notable because Adaptive Insights had filed for an IPO as recently as May 17.

    Workday says that the $1.55 billion price tag includes “the assumption of approximately $150 million in unvested equity issued to Adaptive Insights employees” related to that IPO. This deal is expected to close in Q3 of this year.

    https://techcrunch.com/2018/06/11/workday-acquires-financial-modelling-startup-adaptive-insights-for-1-55b/

  • Tableau gets AI shot in the arm with Empirical Systems acquisition

    The startup was born just two years ago from research on automated statistics at the MIT Probabilistic Computing Project. According to the company website, “Empirical is an analytics engine that automatically models structured, tabular data (such as spreadsheets, tables, or csv files) and allows those models to be queried to uncover statistical insights in data.”

    The product was still in private Beta when Tableau bought the company. It is delivered currently as an engine embedded inside other applications. That sounds like something that could slip in nicely into the Tableau analytics platform. What’s more, it will be bringing the engineering team on board for some AI knowledge, while taking advantage of this underlying advanced technology.

    https://techcrunch.com/2018/06/13/tableau-gets-ai-shot-in-the-arm-with-empirical-systems-acquisition/

  • Splunk to Acquire Software Problem-Solver VictorOps for $120 Million

    Big data-cruncher Splunk is acquiring VictorOps, a Boulder, Colo.-based startup whose tools help software developers collaborate and resolve engineering issues, for $120 million mostly in cash with some stock equity. The deal is expected to close before August.

    VictorOps’ tech brings together software engineers so they can overcome technical issues as they arise. The system generates notifications, pulls relevant parties into chat groups, presents pertinent documents, and keeps detailed records as teams work through coding problems.

    http://fortune.com/2018/06/11/splunk-acquire-software-startup-victorops/

Artificial Intelligence

  • Accenture wants to beat unfair AI with a professional toolkit

    “We’re seeing increasing focus on algorithmic bias, fairness. Just this past week we’ve had Singapore announce an AI ethics board. Korea announce an AI ethics board. In the US we already have industry creating different groups — such as The Partnership on AI. Google just released their ethical guidelines… So I think industry leaders, as well as non-tech companies, are looking for guidance. They are looking for standards and protocols and something to adhere to because they want to know that they are safe in creating products.

    “It’s not an easy task to think about these things. Not every organization or company has the resources to. So how might we better enable that to happen? Through good legislation, through enabling trust, communication. And also through developing these kinds of tools to help the process along.”

    https://techcrunch.com/2018/06/09/accenture-wants-to-beat-unfair-ai-with-a-professional-toolkit/

Cloud

  • Oracle shares drop after JP Morgan downgrades on lost business to Amazon and Microsoft

    Oracle’s “specific metrics in our large-scale CIO survey have arced over into negative territory, which makes us uncomfortable because the results of our CIO surveys over the years have been highly predictive,” analyst Mark Murphy said in a note to clients Thursday. “Oracle spending intentions have only looked lukewarm in our CIO survey work in the recent past, but the data takes a dive in the current survey. … In our discussions, CIOs have clarified that they are migrating Oracle databases to Microsoft SQL Server, Amazon databases and PostgreSQL.”

    https://www.cnbc.com/2018/06/14/oracle-shares-drop-after-jp-morgan-downgrades-on-lost-business-to-amazon-and-microsoft.html

Software/SaaS

  • Microsoft will ‘lose developers for a generation’ if it stuffs up GitHub, says future CEO

    “We are buying GitHub because we like GitHub; our plan is to continue to invest in the GitHub roadmap, and make GitHub better at being GitHub,” Friedman wrote.

    That means no ads in public repos, because Friedman said Sourceforge became “a swamp of banner ads and pop ups and delayed downloads to expose users to more ads”. He added that “GitHub’s clean interface and developer-centric approach can be seen in part as a reaction against Sourceforge” and suggested GitHub’s ascendency shows a no-ads approach has proven the correct approach.

    https://www.theregister.co.uk/2018/06/08/nat_friedman_github_ceo_elect_ama_session/

  • Yahoo Messenger is shutting down on July 17, redirects users to group messaging app Squirrel

    “There currently isn’t a replacement product available for Yahoo Messenger,” the company writes. “We’re constantly experimenting with new services and apps, one of which is an invite-only group messaging app called Yahoo Squirrel (currently in beta).” Squirrel is a group messaging app Yahoo started testing last month. You can request access to the beta here.

    https://techcrunch.com/2018/06/08/yahoo-messenger-is-shutting-down-on-july-17-redirects-users-to-group-messaging-app-squirrel/

Datacenter/Hardware

  • IBM and the DoE launch the world’s fastest supercomputer

    Summit, which has been in the works for a few years now, features 4,608 compute servers with two 22-core IBM Power9 chips and six Nvidia Tesla V100 GPUs each. In total, the system also features over 10 petabytes of memory. Given the presence of the Nvidia GPUs, it’s no surprise that the system is meant to be used for machine learning and deep learning applications, as well as the usual high performance computing workloads for research in energy and advanced materials that you would expect to happen at Oak Ridge.

    https://techcrunch.com/2018/06/08/ibms-new-summit-supercomputer-for-the-doe-delivers-200-petaflops/

  • Qualcomm Is Cutting Up to Half of Jobs in Data-Center Unit

    The company will eliminate 241 positions at its design center in Raleigh, North Carolina, and 43 in California, according to notices filed with those states. The total number of cuts, including those not covered by such notices, will represent a third to half of the server-chip unit’s employees, according to a person familiar with the process. The reduction comes on top of the previously announced elimination of about 1,500 workers across the company.

    https://www.bloomberg.com/news/articles/2018-06-14/qualcomm-is-said-to-cut-up-to-half-of-jobs-in-data-center-unit

Other

  • Verizon CEO to Retire, Succeeded by a Newcomer

    Verizon Communications Inc. VZ 0.35% named Hans Vestberg as its next chief executive, choosing a relative newcomer to run the wireless giant at a time when its industry is being reshaped by megadeals.

    Mr. Vestberg, who joined the company about a year ago and is its chief technology officer, will succeed longtime CEO Lowell McAdam on Aug. 1. Mr. McAdam will remain executive chairman until the end of the year and then become nonexecutive chairman.

    https://www.wsj.com/articles/verizon-ceo-to-retire-replaced-by-a-newcomer-1528455600?ns=prod/accounts-wsj

  • After report on ‘appalling’ conditions, Foxconn will investigate plant that makes Amazon devices

    Though regular workers were better compensated in terms of wages and benefits, China Labor Watch says both groups were subjected to long hours and low wages, with workers putting in more than 100 overtime hours during peak season, even though the legal limit is 36 hours, and some working consecutively for 14 days. Workers on average earned wages between 2000 to 3000 RMB ($312.12 to $468.19), significantly less than Hengyang’s monthly average wage of 4,647 RMB ($725.22), but often had their overtime hours as punishment for taking leave or having unexcused absences.

    The report also claimed that the factory had poor fire safety in its dormitories, lack of sufficiently protective equipment, verbally abusive managers and the “absence of a functioning labor union.”

    https://techcrunch.com/2018/06/10/after-report-on-appalling-conditions-foxconn-will-investigate-plant-that-makes-amazon-devices/
    Workers not paid legally by Amazon contractor in China

    Amazon disclosed that its own auditors visited the Foxconn factory in March and found that it had hired an illegally high number of agency workers and was not paying them properly for working overtime.

    Agency staff – known as dispatch workers in China – do not get sick pay or holiday pay and can be laid off without wages during lulls in production. China changed its labour laws in 2014 to limit their use to 10% of any workforce in an attempt to stop companies exploiting them to cut costs.

    https://www.theguardian.com/technology/2018/jun/09/amazon-contractor-foxconn-pay-workers-illegally

Photo by Michael Prewett on Unsplash

Supplier Report: 1/12/2018

The tech industry is still dealing with the fallout of the Spectre and Meltdown bugs as companies scramble to patch the vulnerability.

A consequence of such hasty actions is that the patches are 1.) introducing new bugs, 2.) breaking some AMD-powered computers, and 3.) most computers that are patched will see permanent performance impact.

There is a rumor that IBM is looking to reduce global services headcount by another 10,000 employees as news of a new CFO is announced.

To complete this wonderful news cycle, it seems that Boston might be the front-runner to host Amazon’s HQ2.

Acquisitions

  • Verizon acquires autonomous threat detection startup Niddel

    Niddel’s primary product, Niddel Magnet is a subscription service that uses machine learning to locate infected or compromised machines inside an organization. It works completely autonomously and doesn’t require customers to generate their own code, rules, searches or even any kind of content.

    “Using machine learning to improve information accuracy significantly reduces false positives and significantly improves our detection and response capabilities,” Alexander Schlager, Verizon’s executive director for security services explained in a statement. Those capabilities were one of the primary reasons the company made the acquisition.

    https://techcrunch.com/2018/01/05/verizon-acquires-autonomous-threat-detection-startup-niddel/?ncid=rss

  • Google acquired Redux, a U.K. startup focused on audio and haptics

    Alphabet, the umbrella corporation of Google, Inc. etc., has quietly acquired a UK-based startup called Redux, reports Bloomberg.

    Redux was founded in 2013 out of Cambridge, and built technology that uses vibrations to turn surfaces of phones or tablets into speakers or provide haptic feedback.

    The acquisition is reflected on Crunchbase, and in confirmed transfer of shares within U.K. regulatory filings. Google has made no mention of the acquisition as of yet.

    https://techcrunch.com/2018/01/11/google-acquired-redux-a-u-k-startup-focused-on-audio-and-haptics/?ncid=rss

  • Accenture: Large-scale agency M&A is ‘not our game’ as we have ‘amazing momentum’

    However, Pierre Nanterme, the chairman and chief executive of Accenture, gave a strong signal on his most recent quarterly earnings call that he is not interested in large-scale M&A.

    “This is not our game at Accenture,” he said in response to a question from a Wall Street analyst about whether Accenture Interactive might make “larger deals, rather than tuck-ins”.

    Nanterme explained: “Our game is to drive organic growth on top of acquisitions of very specific companies with very specific and differentiated capabilities.

    “And then what Accenture is offering to these companies we’re acquiring is our unique access to the best brands in the world and our unique geographic footprint.”

    https://www.campaignlive.co.uk/article/accenture-large-scale-agency-m-a-not-game-amazing-momentum/1453907
    Accenture to acquire Germany based visualization firm Mackevision

    Accenture has entered into an agreement to acquire Germany-based Mackevision, a leading global producer of 3D-enabled and immersive product content. The acquisition will add visualization capabilities to Accenture Interactive’s digital services portfolio – strengthening its ability to create compelling, next-generation customer experiences and industrial, extended reality applications. The acquisition is subject to customary closing conditions. Financial terms of the transaction are not being disclosed.

    https://techobserver.in/article/enterprise-it/accenture-acquire-germany-based-visualization-firm-mackevision

Artificial Intelligence

  • Japanese scientists just used AI to read minds and it’s amazing

    But the scientists from Kyoto developed new techniques of “decoding” thoughts using deep neural networks (artificial intelligence). The new technique allows the scientists to decode more sophisticated “hierarchical” images, which have multiple layers of color and structure, like a picture of a bird or a man wearing a cowboy hat, for example.

    “We have been studying methods to reconstruct or recreate an image a person is seeing just by looking at the person’s brain activity,” Kamitani, one of the scientists, tells CNBC Make It. “Our previous method was to assume that an image consists of pixels or simple shapes. But it’s known that our brain processes visual information hierarchically extracting different levels of features or components of different complexities.”

    https://www.cnbc.com/amp/2018/01/08/japanese-scientists-use-artificial-intelligence-to-decode-thoughts.html

Cloud

  • Why Oracle can’t buy its way to success in the cloud wars

    For such modern cloud applications, Oracle proves a poor fit. Not only does the company offer a comparatively malnourished catalog of cloud services compared to leading vendors like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, even its former strengths become weaknesses in the brave new cloud world. For example, one of its best selling points—vertical scale—proves its Achilles Heel in modern application infrastructure, where horizontal scale at levels simply impossible in an Oracle environment becomes the norm.

    Oracle’s immediate answer seems to be to stick to its old game plan, leveraging its legacy database to broker a role in modern workloads. It’s not working. As Rishidot Research’s founder and chief research advisor Krishnan Subramanian has called out, “[Oracle] needs to shore up higher order services…to compete effectively with AWS and Azure. They cannot just rely on their database service as the path to cloud success and they need to compete with AWS on the breadth and depth of higher order services.”

    https://www.techrepublic.com/article/why-oracle-cant-buy-its-way-to-success-in-the-cloud-wars/

Datacenter

  • Intel reveals possible slowdowns from ‘Meltdown’ processor fix

    Your personal computers will be less than 10 percent slower after you install the Spectre/Meltdown fix, Intel has revealed in a blog post. Intel has come to that conclusion after assessing the performance changes in computers using 6th, 7th and 8th Generation Intel core processors with Windows 10. Systems equipped with 8th generation (Kaby Lake, Coffee Lake) chips and SSDs will be the least affected, with the expected impact being less than 6 percent. Devices using the 7th Gen Kaby Lake-H mobile processors will be around 7 percent slower, while the performance impact on systems with the 6th Gen Skylake-S platform is approximately 8 percent.

    Depending on how you use your computer, you may not even notice a difference. Based on Intel’s benchmark results, though, you will notice some slowdown if you browse the web and use applications, and it’s safe to say that most people do. Obviously, if you use your computer for heavy applications, the slowdown will be more noticeable.

    https://www.engadget.com/2018/01/11/intel-reveals-meltdown-processor-benchmark-slowdown/

Software/SaaS

  • Why Microsoft’s Cosmos DB may displace AWS’s cloud databases

    While Oracle, MySQL, and Microsoft SQL Server stand supreme at the top of the database heap, their cloud competitors have been gaining steam—and fast. It’s probably not yet accurate to say that databases like DynamoDB and Azure Cosmos DB are gaining ground on the old guard, given that Oracle remains more than 100 times as popular as Cosmos, for example. But for new applications largely born in the cloud, these cloud-first databases dominate.

    This matters because, as Gartner analyst Thomas Bittman has written, there’s a pronounced (and accelerating) shift from private datacenters to public cloud environments: “New stuff tends to go to the public cloud, while doing old stuff in new ways tends to go to private clouds. And new stuff is simply growing faster.” Not just a little bit faster, either: We’re talking about a 20X growth rate for the public cloud versus a 3X growth rate for private datacenters, by his analysis. Of course, legacy workloads dwarf these new cloud-friendly applications, but that won’t be true for long.

    https://www.itworld.com/article/3245808/database/why-microsofts-cosmos-db-may-displace-aws-cloud-databases.html

  • Barry Padgett Appointed as New SAP Ariba President

    SAP announced two leadership changes Thursday, with Alex Atzberger moving to president of SAP Hybris and Barry Padgett taking over the helm at SAP Ariba, according to a press release. SAP Hybris solutions “comprise the omnichannel customer engagement and commerce business at SAP” and include offerings for commerce, marketing, sales, service and revenue. Padgett, who joined SAP through the acquisition of Concur, will focus on the oversight of SAP’s business network strategy as Ariba’s new president.

    “Positioning these proven leaders, both with deep customer empathy and a business vision rooted in a beautiful customer experience, will have a tremendous, positive impact for customers worldwide,” said Robert Enslin, member of the Executive Board of SAP SE and president of Cloud Business Group, SAP. “The business acumen and expertise both Alex and Barry bring to their respective roles, coupled with the engineering innovation agendas already underway, will greatly advance SAP’s leadership pursuits in the areas of procurement, customer engagement and commerce.”

    http://spendmatters.com/2018/01/09/afternoon-coffee-barry-padgett-appointed-new-sap-ariba-president-whole-foods-places-new-limitations-suppliers/

  • Signal Partners With Microsoft to Encrypt Skype Messages

    The newest Skype preview now supports the Signal protocol: the end-to-end encrypted protocol already used by WhatsApp, Facebook Messenger, Google Allo, and, of course, Signal. Skype Private Conversations will support text, audio calls, and file transfers, with end-to-end encryption that Microsoft, Signal, and, it’s believed, law enforcement agencies cannot eavesdrop on.

    https://arstechnica.com/gadgets/2018/01/skype-finally-getting-end-to-end-encryption/

Security

  • Intel Fumbles Its Patch for Chip Flaw

    Intel is quietly advising some customers to hold off installing patches that address new security flaws affecting virtually all of its processors. It turns out the patches had bugs of their own.

    The glitch underscores the complexity of Intel’s challenge as it scrambles to fix the unprecedented vulnerabilities, which were disclosed more than a week ago.

    In a confidential document shared with some customers Wednesday and reviewed by The Wall Street Journal, Intel said it identified three issues in updates released over the past week for “microcode,” or firmware—software that is installed directly on the processor. The updates are separate from patches produced by operating system companies such as Microsoft Corp.

    https://www.wsj.com/articles/intel-warns-its-patches-for-chip-flaws-are-buggy-1515715212

  • AMD Hits a Snag Over Patch for Chip Flaw

    Microsoft Corp. on Tuesday said some customers found their AMD-powered computers were unusable after applying the latest security patches for the Windows operating system.

    On an online support page, Microsoft said it would “temporarily pause” sending updates to some devices running AMD processors. After investigating, the software giant said it found “some AMD chipsets do not conform to the documentation previously provided to Microsoft.”

    https://www.wsj.com/articles/amd-hits-a-snag-over-patch-for-chip-flaw-1515528197

  • Oracle app server hack let one attacker mine $226,000 worth of cryptocoins

    These attackers aren’t stealing data from victims, however—at least as far as anyone can tell. Instead, the exploit is being used to mine cryptocurrencies. In one case, according to analysis posted today by SANS Dean of Research Johannes B. Ullrich, the attacker netted at least 611 Monero coins (XMR)—$226,000 dollars’ worth of the cryptocurrency.

    The attacks appear to have leveraged a proof-of-concept exploit of the Oracle vulnerability published in December by Chinese security researcher Lian Zhang. Almost immediately after the proof of concept was published, there were reports of it being used to install cryptominers from several different locations—attacks launched from servers (some of them likely compromised servers themselves) hosted by Digital Ocean, GoDaddy, and Athenix.

    https://arstechnica.com/information-technology/2018/01/hackers-turn-weblogic-peoplesoft-servers-into-cryptocoin-miners/

Other

  • China Swats Jack Ma’s Ant Over Customer Privacy

    Chinese internet regulators scolded the country’s leading mobile-payments company for compromising its customers’ privacy, putting pressure on firms to better protect personal data in a society subject to heavy state surveillance.

    The Cyberspace Administration of China said Wednesday that it had summoned representatives of Alibaba Group Holding Ltd. affiliate Ant Financial Services Group to dress them down for automatically enrolling users in its credit-scoring system.

    https://www.wsj.com/articles/china-swats-jack-mas-ant-over-customer-privacy-1515581339

  • IBM names James Kavanaugh as CFO

    IBM chief financial officer Martin Schroeter will move to a new role and will be replaced by company veteran James Kavanaugh, effective immediately.

    Schroeter, who has been with the company for more than 25 years and has been finance chief for the last four years, will become senior vice-president for global markets.

    His replacement, Kavanaugh, joined IBM in 1996 from AT&T and is currently a senior vice-president heading IBM’s transformation efforts.

    While the announcement was unexpected, the logic behind the move is not and Kavanaugh would be a logical replacement for Schroeter, said Stifel analyst David Grossman.

    https://www.itweb.co.za/content/j5alrMQgae9vpYQk

  • IBM reportedly will reassign 30,000+ staffers in services division and possibly cut 10,000 jobs

    According to a report in The Register Thursday, IBM is planning to reassign more than 30,000 staff from its Global Technology Services division, which primarily offers hardware and infrastructure consulting services, to other roles within the company.

    That amounts to about 30 percent of GTS’ overall staff, who are set to be “productively redeployed,” according to a leaked document (pictured). About 10,000 of the affected staff are said to be based in the U.S., The Register added.

    The staff reassignments, expected to take place later this year, could ultimately see about 10,000 jobs lost through “attrition,” with no plans to replace departing employees. However, the overall head count could be even higher, as a document leaked to The Register shows that 5,000 staff have yet to be assigned new positions, which means they could ultimately be laid off. And of those that have been reassigned, some may only be moved to “short term” positions, said one unnamed employee.

    https://siliconangle.com/blog/2018/01/11/ibm-reassign-30000-staff-gts-division-10000-jobs-lost/

  • Amazon could be leaning toward Boston for new HQ2

    Boston has already been floated as a prime candidate for the new HQ2 because it is one of the U.S. cities where Amazon has research and development operations. Amazon, according to The Business Journals, has almost 1,000 workers in Boston who focus on Amazon Web Services, Audible, Alexa and speech-recognition software. Later this year, the opening of its Fort Point office will add 900 employees to the company’s Boston ranks.

    https://www.constructiondive.com/news/amazon-could-be-leaning-toward-boston-for-new-hq2/514674/

Photo: Robert Szadkowski

Supplier Report: 12/22/2017

Twas the Supplier Report before Xmas and I have to admit…
I didn’t predict Google’s announcement of the step-down of Eric Schmidt.

On to other things that you should know…
Apple confirmed they made your phone slow.

Here, at the end of the fourth term…
Oracle and Accenture bought out two firms.

And finally, our friends at Comcast and AT&T…
Are rewarding their employees financially.

This bonus is a result of the FCC…
Making changes to how we access content digitally.

Acquisitions

  • Oracle to Buy Australian Software Maker Aconex

    Oracle Corp. has struck a $1.2 billion deal to buy an Australian project-management software provider, the latest leg in its push to take on Amazon.com Inc. and others in selling cloud-computing services.

    The California-based software company on Monday said it had entered a binding takeover agreement after offering 7.80 Australian dollars ($5.96) cash a share for Aconex Ltd., valuing the Australian company at A$1.6 billion.

    https://www.wsj.com/articles/oracle-to-buy-australian-software-maker-aconex-1513551593

  • Accenture acquires Irish creative agency Rothco

    Accenture has entered into an agreement to acquire Rothco, a full-service creative agency. Located in Dublin, Rothco will boost Accenture Ireland’s creative capabilities and those of Accenture Interactive as an experience agency in Europe. Thanks to acquisitions including Brand, Karmarama and Australia’s The Monkeys, among a great many other creative agencies, Accenture Interactive is now thought by many to rank as one of the world’s biggest digital agencies, leading to the creative wing delivering high-profile end-to-end solutions for global brands including Pearson publishing, although their actual size and influence is still a matter hotly contested by advertising industry heavyweights such as WPP.

    https://www.consultancy.uk/news/15070/accenture-acquires-irish-creative-agency-rothco

Artificial Intelligence

  • Accenture CEO: Company’s ‘Evolving’ its Digital Business to Take Advantage of AI

    To that end, he said, “going forward, Accenture Digital will be focused on three big areas: Accenture Interactive, Accenture Industry X.0 and Accenture Applied Intelligence.” As part of the strategy, Accenture Interactive will work with CMOs to help brands “transform the customer experience,” he said, adding the company is “strengthening our end-to-end marketing capabilities for CMOs by investing to scale intelligent marketing operations.” That capability “combines platforms, analytics and artificial intelligence to run marketing campaigns as a seamless managed service,” he said.

    http://www.mesalliance.org/2017/12/21/accenture-ceo-companys-evolving-digital-business-take-advantage-ai/

    “Accenture Industry X.0″…reminds me when everything was “xtreme” in the late 90’s…kewl marketing terms bra

  • Youngest IBM Watson Programmer Says Do Not Be Afraid of Artificial Intelligence

    The youngest IBM Watson Programmer, Tanmay Bakshi says that the leaders today should not be afraid of Artificial Intelligence (AI). Tanmay and his sister Tanvi, talk to host Kimberli Lewis, of Leadership Beyond Borders on VoiceAmerica’s Business channel, about why AI is important now and for our future.

    Tanmay, one of the youngest cloud computing developers in the world, has been programming since he was 5 and now, at the age of 14, he is building applications engineered to augment human capabilities.

    The Bakshi family immigrated from India to Canada, when both Tanmay and Tanvi were young children. These two Generation Z-ers, talk about what it was like to immigrate, how education and learning is important and why AI is an opportunity not a threat.

    http://www.digitaljournal.com/pr/3603688
    Programming AI at 14… I need to re-evaluate how I spend my time.

Cloud

  • Why an (unofficial) anti-Amazon alliance is a very good thing

    Amazon is going to take a lot of effort to stop. Even the three other gargantuan tech companies are in danger of being overwhelmed, as Amazon spends more on R&D than any other company on the planet.

    The risk isn’t that we see more squabbles between competing streaming platforms or hardware availability limits, it’s that the efforts to stop Amazon are so late that retail is dominated by one player with so many network effect positives it’s almost impossible to compete.

    The Big Four look like they’ll be overshadowed by one big player: Amazon. Scott Galloway’s new book The Four is invaluable extended reading on this subject.

    All of this is a U.S.-centric view though – Chinese online retailing behemoth Alibaba has a market cap of $450 billion and on the back on China’s continuing rise, could have the muscle to fight Amazon. Both are currently competing to tap India’s emerging ecommerce market.

    https://www.androidauthority.com/why-an-unofficial-anti-amazon-alliance-is-a-very-good-thing-822092/

  • Cloud Price Comparison: AWS vs. Azure vs. Google

    The charts below show how AWS, Azure and GCP stack up for Linux and Windows instances of various sizes and commitment contracts. And to make the charts a little easier to read, the lowest cost in each category is green, the second lowest is yellow, and the most expensive is pink.
    Linux:

    Windows:

    https://www.datamation.com/cloud-computing/cloud-price-comparison-aws-vs.-azure-vs.-google.html

Datacenter

  • IBM Enters Quantum Computing Business with First Paying Customers

    In addition to JPMorgan Chase, Daimler AG, and Samsung, the first customers include JSR Corporation, Barclays, Hitachi Metals, Honda, Nagase, Keio University, Oak Ridge National Lab, Oxford University, and University of Melbourne. All of them will be will be able to tap into IBM’s 20-qubit quantum computer, which the company installed in November. A 50-qubit system, which is currently just a prototype, will be offered to customers in a future version of the platform.

    Each of the initial clients will use the opportunity to research and develop quantum computing applications related to their area of expertise. In the case of JP Morgan Chase, the company will focus on how the technology can be applied to financial services applications, including trading, portfolio optimization, asset pricing, and risk analysis.

    https://www.top500.org/news/ibm-enters-quantum-computing-business-with-first-paying-customers/

Software/SaaS

  • Acquision of SAP to Ariba (not much of a headline tbh)

    Automation of the fundamental procedure of any supply chain is vital, however it’s insufficient. To gain power of your supply chain and your spending, you have to move your point of view from the procedure to the master plan. What’s more, you have to find an innovation accomplice that can help. An accomplice who can enable you to supplier how you can work together with your providers, who comprehends the complexities of dealing with a solid supply chain, and who can interface all aspects of your obtaining procedure over your whole business while giving your providers an approach to better oversee and grow theirs.

    SAP Ariba coordinates the whole purchasing process over your whole association. When you associate with Ariba Network, you interface with a huge number of providers crosswise over immediate and indirect cost categories.

    http://nbherard.com/business/acquision-of-sap-to-ariba/38270

Other

  • Eric Schmidt stepping down as Alphabet’s executive chairman to become a ‘technical advisor’

    “Larry, Sergey, Sundar and I all believe that the time is right in Alphabet’s evolution for this transition,” he said in the statement. “The Alphabet structure is working well, and Google and the Other Bets are thriving. In recent years, I’ve been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work.”

    Schmidt joined up with Google in 2001, stepping into the role of CEO at the behest of founders Larry Page and Sergey Brin, after stints at Sun Microsystems and Novell. Around the time of the company’s 2004 IPO, the trio reportedly pledged to work together for another 20 years.

    Of course, Schmidt handed the baton to Page in 2011. Four years later, when Google restructured to form Alphabet, Page became its CEO, with Sundar Pichai stepping in to take over Google.

    https://techcrunch.com/2017/12/21/eric-schmidt-stepping-down-as-alphabets-executive-chairman-to-become-a-technical-advisor/?ncid=rss

  • Cloud revenue helps Oracle beat earnings forecast this time, but outlook tanks shares

    Oracle said it earned a profit of nearly $3 billion before certain expenses such as stock compensation, or 70 cents a share, up 14 percent from a year ago. Revenue rose 6 percent, to $9.62 billion. Analysts had expected an adjusted profit of 68 cents a share on revenue of $9.57 billion. Traditional on-premises software brought in the vast majority of revenue, at $6.3 billion, up 3 percent. But the portion from new software licenses was flat at $1.35 billion, making growth in cloud revenue crucial.

    Software-as-a-service applications saw growth of 55 percent, to $1.1 billion, while infrastructure as a service, the base-level computing and storage services that compete with public cloud leaders such as Amazon Web Services Inc. and Microsoft Corp.’s Azure, grew only 21 percent. That’s well behind the growth rate of the leaders. But Catz added that the cloud revenue includes older hosting revenue that’s slowing, masking higher growth in newer-generation cloud computing.

    https://siliconangle.com/blog/2017/12/14/cloud-revenue-helps-oracle-beat-earnings-forecast-just-not-enough-investors/

  • Apple: Yes, we’re slowing down older iPhones

    The tech giant issued a rare statement of explanation on Thursday, saying that it has used software updates to limit the performance of older iPhones and prevent them from shutting down unexpectedly.

    Tech analysts and angry customers have reported in recent days that operating system updates had caused older iPhones to slow considerably, with some suggesting that Apple could be using the tactic to encourage fans to buy new phones.

    Apple insists the updates were made with a different goal in mind: It said the performance of lithium-ion batteries degrades over time, which can sometimes cause phones to suddenly shut down in order to protect their components.

    http://money.cnn.com/2017/12/21/technology/apple-slows-down-old-iphones/

  • AT&T, Comcast giving $1,000 bonuses to hundreds of thousands of workers after tax bill

    Telecom giant AT&T was quick to respond to news of U.S. tax reform, announcing it would give some employees bonuses once the legislation is signed into law.

    AT&T said in a press release Wednesday that it would give more than 200,000 of its U.S. workers who are union members a special bonus of $1,000. The company also increased its capital expenditures budget by $1 billion in the U.S.

    https://www.cnbc.com/2017/12/20/tax-reform-reaction-att-is-giving-bonuses-to-200000-employees.html

  • Uber Is a Taxi Service, the E.C.J. Rules, in Major Setback for Firm

    In the decision, the court determined that Uber, which connects drivers with riders through a smartphone app for payments, “must be regarded as being inherently linked to a transport service.” The 28 member countries in the European bloc will have to regulate “the conditions under which such services are to be provided,” the court added.

    The European court ruling applies across the European Union, but not elsewhere. In a statement, the company said that it was already operating under the transportation law of most European countries in which it did business, and that the ruling would have little impact. It added that it would continue a dialogue with cities across Europe for its services.

    The case may provide a benchmark for countries seeking to regulate independent workers, who make up as much as 30 percent of the working-age population in the United States and Europe, according to the McKinsey Global Institute. Some worry, though, that such a group could soon become an underclass.

    https://www.nytimes.com/2017/12/20/business/uber-europe-ecj.html

Photo: Kira auf der Heide