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Samsung 2Q Earnings In — Profits Down More than 50 Percent

In Technology News by Daniel NewmanLeave a Comment

Samsung 2Q earnings are in. While profits are down more than 50%, I still believe that Samsung is well-positioned for a bounce back as memory numbers stabilize. I also think it is important to note that despite the street’s outspoken criticism of the company’s performance, they did still make a profit of over 6.5 trillion Korean won (5.3 Billion USD), slightly better than an industry estimate of 6 trillion won. 

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NVIDIA Adds Volvo to its Roster of Partners on AI for Self-Driving Trucks

In AI, Technology News by Daniel NewmanLeave a Comment

NVIDIA adds Volvo to its roster of partners for AI on self-driving cars, and the battle for reference customer wins is on. Intel has publicly shared big wins with BMW, Honda, Nissan, and Fiat- Chrysler, while NVIDIA has staked their claims with Mercedes, VW, and Toyota. The market is big enough for both companies, and it will be interesting to watch as this goes from PoC to production, which company, if any, becomes the undisputed leader in this space.

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Salesforce’s Big Tableau Move More Desperate Than Strategic as Microsoft Applies Pressure

In Technology News by Daniel NewmanLeave a Comment

I believe the company’s growth is running out of steam, as innovation by acquisition can only take it so far. Equally as significant, for the first time since Benioff disrupted the software space, Salesforce is chasing a more formidable competitor in Microsoft, which has always done on-premise better, but now is doing cloud better as well. Definitely one to watch.

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Red Hat Strong Performance is Good News for IBM Shareholders

In Technology News by Daniel NewmanLeave a Comment

Strong performance by Red Hat is good news for IBM shareholders, making IBM a more competitive player in the Hybrid IT space and significantly increasing the company’s ability to deliver open source software to enterprise in both hybrid and multi-cloud environments. I expect the acquisition to improve IBM’s status. While the price was steep, the company’s ability to grab both market share and the Red Hat community will likely both accelerate revenue and brand equity. All in all, I believe this was smart buy that I think will prove out over the next four quarters following the close of the acquisition.