Telecom Italia moves to sell minority stake in its enterprise arm
Telecom Italia hopes to pay off its debts by selling a minority stake in its enterprise arm.
Telecom Italia (TIM) wants to sell a minority share in its enterprise service arm. The step was taken to revamp the biggest phone company in Italy, CEO Pietro Labriola said.
Telecom Italia is under m... Read more
Investors expect disappointing figures from Microsoft, AWS and Google
Microsoft, Meta, Google, Apple and Amazon announce their quarterly results in the coming week. Investors expect bad news. Europe will feel the consequences.
The past six months were a black chapter for big tech. Meta lost $200 billion in market value due to a disappointing quarter in February 2... Read more
Seagate share price plummets due to COVID lockdowns and shortages
Seagate's share price plummeted. The company struggles with chip shortages for SSDs, NAS devices and racks. According to its most recent quarterly report, production will decline in the coming months.
The same report forecasts revenue of $2.35 billion in the current quarter, a 24 percent decline... Read more
Apple stock slips due to cost-cutting rumours
Apple's stock slipped by 2 percent after Bloomberg published a report indicating the tech giant plans to scale down its operations next year – including slowing hiring and cutting spending.
Insider sources told Bloomberg that the cuts will only affect certain business units, whereas other dep... Read more
Nutanix stock price rises after better earnings than estimated
Nutanix shares have spiked in after-hours trading after the company topped estimates of its first-quarter financial results and followed that up with a clear outline of what the next three months will be like.
The data center software and services company reported a loss before stock compensatio... Read more
Snowflake is potentially going to hit $30 billion in its upcoming IPO
Snowflake boosted its target price range for its forthcoming initial public offering by 30%. In an updated S-1 filing, the cloud data warehouse startup says that they look forward to selling their shares for $100 to $110 per share.
The update brings up the target from an initial target of $75 t... Read more
IT companies make huge win on stock market
IT companies perform better than expected on Wall Street. Salesforce is the biggest winner, with a share price increase of 26 percent in just one day. Facebook, Apple and NetApp are also doing well.
American IT companies can be happy with the results of yesterday's stock market. For Salesforce, ... Read more
Equity Box down more than 20 percent after disappointing expectations 2019
Box's share price fell dramatically today. During the stock exchange day in the United States, the value of shares fell by more than 24 percent. This was after the company not only reported poor results for the fourth quarter of 2018, but the forecast for 2019 was also disappointing.
Last November B... Read more