SentinelOne expands customer base, but shareholders pull away
SentinelOne made 38 percent more profit last quarter than at the end of fiscal 2023, bringing the total figure to $172.4 million. Shareholders still had to surrender 2 cents per share. With the release of the figures, SentinelOne closes out fiscal year 2024.
The release of SentinelOne's quarter... Read more
Samsung no longer holds ASML shares; puts chip production first
Samsung sold its entire stake in ASML late last year. The South Korean tech giant does not give a reason, but this was probably done to further boost activities surrounding its own chip production.
Samsung disposed of its entire 0.4 percent stake in ASML in December 2023, Bloomberg writes. It is... Read more
Samsung builds new chip production line with money from sold ASML shares
Samsung Electronics has significantly reduced its stake in ASML. It has disposed of more than half of its shares in ASML.
South Korean Samsung Electronics sold more than half of the ASML shares it owned. That's according to the tech giant's half-year report made public in late July. Samsung had... Read more
Amazon faces cloud slowdown as shares gains erased
Amazon has reported its quarterly sales and profit, which exceeded expectations. However, the company's long-standing growth in cloud services is expected to face a slowdown.
The announcement had initially led to a $125 billion increase in Amazon's stock value in extended trading. However, the e... Read more
‘Elliott Management wants to appoint board members at Salesforce’
Activist investor Elliott Management wants to appoint board members at Salesforce, according to a Wall Street Journal report based on insider sources. The investor is said to be keen on more influence over the ins and outs of the CRM giant.
According to the Wall Street Journal, Elliott Manageme... Read more
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
SAP shares take a dive after bad results ‘due to coronavirus’
German software corporation SAP has announced that it is postponing profitability targets because the company has underestimated how long recovery from the corona pandemic would take. The company will put more emphasis on cloud computing.
After the announcement, the value of SAP shares plummeted... Read more
Snowflake shares doubled in value on first trading day
Snowflake's shares doubled in value after the first day on the stock exchange. At the end of the day, Snowflake shares had a price of $253.93 (215.20 euros), making the company worth around $70 billion.
The original price at the time of the IPO was $120 per share. This price was the result of pr... Read more