Key Tech Sector Updates for the Week Ended June 23, 2017


Technology shares (QQQ) rose a blended 2.Three% within the week ended June 23, 2017, after 3 weeks of negative returns. The S&P 500 Index rose just 0.2% in the same length.

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Oracle (ORCL), BlackBerry (BBRY), Red Hat (RHT), and Accenture (ACN) all mentioned profits in the week. Micron Technology (MU) is the handiest generation agency in the world to announce its profits results in the coming week.

Advanced Micro Devices (AMD) turned into the largest gainer in the technology quarter within the week ended June 23. AMD shares rose a jaw-dropping 23.Nine% in the week, possibly as the result of the release of its new excessive-overall performance processors.

Red Hat stocks rose thirteen.2% a closing week. The software organization’s stocks soared after its profits beat estimates. It additionally supplied sturdy steering for economic 2Q17.

Oracle stocks rose thirteen.Zero% the ultimate week after the agency beat earnings expectancies. Meanwhile, BlackBerry shares were the biggest losers of the era sector in the week, falling 7.Five%. The organization’s stocks plummeted on June 23 after it published a huge fall in its quarterly revenue.

Comcast (CMCSA) shares fell 4.Three% inside the week ended June 23 after influential media analyst Craig Moffett downgraded the cable area to an “impartial” rating.

Accenture stocks fell 3.Eight% within the week after the commercial enterprise consulting corporation trimmed its margin outlook but mentioned fiscal 3Q17 earnings that met expectancies.

Blackberry keeps shifting recognition to software program commercial enterprise
BlackBerry posted a steep fall in its quarterly sales as it persisted in shifting its attention to its growing software enterprise. Its fiscal 1Q18 revenue fell forty-one% to $235 million compared to $400 million in financial 1Q17. The Canadian software and tool organization said $671 million, or $1.23 in step with share, in its economic 1Q18. 12 months in advance, the enterprise noticed an income fall of $670 million.

Oracle income beat analysts’ estimates.

Oracle launched its financial 4Q17 outcomes on June 21. The global PC era business enterprise reported EPS (income according to percentage) of $0.89, an upward thrust of nearly 9.Nine% year-over-12 months (or YoY), beating analysts’ expectations via $zero.11. Its revenue came in at $10.9 billion, a 2.Eight% upward thrust on a YoY foundation.

Google to sell two robotic-making companies

Alphabet (GOOG) is promoting its robot-making businesses for an undisclosed quantity. The client is SoftBank, a proven hobby in robots and AI (synthetic intelligence) generation.

The robotics groups are Boston Dynamics and Schaft. The latter is primarily based in Tokyo and is a spin-off of the University of Tokyo.

Facebook and Snap to expose original content material on their respective systems
Time Warner (TWX) introduced that it would be investing $a hundred million in Snapchat (SNAP). The media massive will offer Snapchat around ten unique indicates in keeping with 12 months for the next years. This comes at a time when Snapchat’s download charge is falling. The deal may want to lead to a higher download rate for the app.

Facebook (FB) likewise speaks to Hollywood studios and companies approximately generating shows to launch original programming on its own platforms along with Instagram.

Apple-Qualcomm legal struggle maintains

Apple (AAPL) prolonged its protracted prison combat against Qualcomm (QCOM) on June 20, arguing that Qualcomm’s enterprise version violates patent regulation and that some patents are invalid.

AMD to present Intel a run for its money in the server chip section
Advanced Micro Devices released its new generation of high-overall performance processors for data centers on June 20 in a bid to force its manner returned into the facts middle computing engine marketplace, which is presently dominated with the aid of Intel (INTC). As we mentioned above, AMD stocks soared 23% last week.

An update at the Spanish GP has given renewed signs that a recovery could nevertheless be on the playing cards. The drivers are probably thrust on the war among Ferrari and Mercedes in the middle of the season.

For Canada, the primary medium-downforce circuit of the season, the team has any other large update package, seeking to put preceding results in its back and attack the latter thirds of the season with renewed vigor.

Its exchange is blended with a revision to the outboard footplate (blue arrow), which has been set back from the main aspect and raised in connection with its usual function, which will alternate the shape and function of the vortex that is generated by it.

The shape of the rearward strake housed in the major cascade (purple arrow) has also been revised.

Instead of looking at them in isolation, a holistic evaluation of these modifications indicates a concerted attempt to exchange how airflow movements across the front face and around the front tire.