Microsoft and Tiffany lifted US stocks in the opening

The tech company Microsoft (MSFT) and luxury company Tiffany (TIF) lifted the US stocks in the opening on Monday. Microsoft´s deal with the Pentagon cloud computing service, the value of over 10 billion dollars, raised the company shares. Microsoft was up 2,23 % and was trading at 143,87 dollars in New York.

The shares of the luxury house Tiffany rose over 30 % in the opening, after the French luxury group LVMH (LVMH) has made 120 dollar a share takeover bid of the US company during the weekend.

Tiffany´s shares opened at 127,65 dollars and was trading at 129,95 dollars after some analysts have raised the target price and upgraded their recommendations. Some market analysts think that Tiffany may get also interest from luxury rivals such as the Swiss Richemont (CFR) and the French Kering ( KER).

Richmond was also trading up, 2,93 % at 77,22 francs in Zurich, while the French Kering was trading down 0,66 % at 510 euros in Paris.

S&P 500 -index traded record high, while Nasdaq and Dow Jones are still some behind from their peaks. S&P 500 -index was up 0,5 % to 3039 points, Dow Jones was up 0,51 % to 2709 points and Nasdaq 0,84 % to 8312 points.

In London, where the Brexit-delay is now granted to the end of January 2020 if needed, the FT-SE 100 -index was trading also up 0,15 % to 7335 points. The UK Parliament will debate today about the elections and the possible days for it.

 

 

Business Finance

Bill Gates: More regulation for tech-companies

Microsoft co-founder Bill Gates said in the Bloomberg “David Rubenstein program” that global big tech-companies need more regulation. According to him, it is obvious that for example issues related to privacy need more attention in the tech-companies.

The main driver for the regulation is also that elections, corruption cases and for example banking security are integrated with tech solutions Authorities, governments and tech-companies need to work together in order to strengthen the democracy.

Business Finance Tech

Microsoft: Dual-screen devices for multitasking

The US tech company Microsoft (MSFT) has today announced five new products and two new dual-screen devices, Surface Neo and Duo, in its event in New York. According to Microsoft, the new dual-screen devices are being built in order to able more multitasking with one device and to enhance the mobile experience with Android apps.

– Surface Neo is dual-screen device built for productivity on Windows 10X, an expression of Windows 10. A 360-degree full-friction hinge connects two 9” screens, enabling Surface Neo to adapt to whatever posture you need in the moment. When you open it you have a full-size 13” display in the thinnest LCD in its class. It’s built for productivity and multitasking like a true PC would be, the company says.

– Surface Duo is the first Surface to fit in your pocket. Surface Duo brings together the best of Microsoft productivity experiences, Android apps and Surface hardware design into a single device you can take anywhere. And, yes, it makes phone calls. It has two paper-thin 5.6-inch screens that unfold to 8.3 inches, and just like Surface Neo, it can be used in a variety of modes to let you work the way you’d like, Microsoft adds.

-We’re excited to work with developers and the industry to create the next wave of dual-screen computing and unlock a new era of mobile creativity, the big tech says.

The company shares were down 1,79 % to 134,66 dollars in New York after the announcement.

Business Tech

Microsoft to invest 1 billion dollars in OpenAI

The tech company Microsoft (MSFT)  has agreed to invest 1 billion dollars to artificial intelligence company OpenAI. The company will use Microsoft Azure cloud service to build powerful computing system and run AI software.

According to companies, the both companies will jointly develop supercomputing technology. The OpenAi started in 2015.

– The creation of AGI will be the most important technological development in human history, with the potential to shape the trajectory of humanity,” said Sam Altman, CEO, OpenAI.

– Our mission is to ensure that AGI technology benefits all of humanity, and we’re working with Microsoft to build the supercomputing foundation on which we’ll build AGI. We believe it’s crucial that AGI is deployed safely and securely and that its economic benefits are widely distributed. We are excited about how deeply Microsoft shares this vision, he said.

-AI is one of the most transformative technologies of our time and has the potential to help solve many of our world’s most pressing challenges,” said Satya Nadella, CEO, Microsoft.

– By bringing together OpenAI’s breakthrough technology with new Azure AI supercomputing technologies, our ambition is to democratize AI — while always keeping AI safety front and center — so everyone can benefit, Nadella concluded.

Business Finance Tech

Google and Microsoft – new video game streaming

Both big tech companies, Alphabet (GOOG:US)  with Google and Microsoft (MSFT:US), are on their way to build new video game streaming services for their customers. Google has “Project Stream” as a beta-version and Microsoft “Project XCloud” service. The idea in both of the services is to enable customers easy and working access to video game streaming.

-Scaling and building out Project xCloud is a multi-year journey for us. We’ll begin public trials in 2019 so we can learn and scale with different volumes and locations. Our focus is on delivering an amazing added experience to existing Xbox players and on empowering developers to scale to hundreds of millions of new players across devices, Microsoft comments.

Tech side is also experiencing a new event from Apple. According to company news, Apple (AAPL:US)  is having a new event at the end of October, 30th October, in New York. It is expected to cover news related to iPads and Macs.

Tech stocks have been performing well this year in the Wall Street and according to Bloomberg, Google´s one year return has been 8,78 percent, Microsoft´s 42,07 percent and Apple´s 36,88 percent.

 

Lifestyle Tech

Siemens: Energy blockchain trading piloting in New York

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One of the largest engineering and manufacturing companies Siemens (SIE:GR)  is piloting a blockchain energy trading in Brooklyn, New York. According to company, this is a small scale pilot and the aim of this is to find how energy trading is working between communities.

– We are experimenting this new method of energy trading. We see that this will be one of the future trends in the energy sector and the way people can themselves trade energy as part of climate awareness, says Siemens Director of Smart Cities Julie Alexander to ComteamPUBplus.

In that project, neighbors with and without photovoltaic systems, are buying and selling solar power from each other on a blockchain platform that automatically documents each transaction. If Hurricane Sandy should hit again, this isolated network would operate self-sufficiently. This renewable energy project is a pioneer in the movement toward a distributed energy supply system. Siemens is partnering with a local start-up company called LO3 Energy in that project.

This kind of peer-to-peer business deal is very cost efficient and has great potential.  According to Coimarketcap, the total value of the assets being administered via blockchain all over the world is 1,6 billion dollars.

– The energy markets are evolving with new cap and trade -markets for example in Tokyo, Japan and Ontario, Canada. And energy companies are building Smart Grids and new kinds of energy storage and are entering the market with electric cars markets and renewable energy solutions for customers. The big players, which we share,  in the energy markets are  for example Microsoft (MSFT:US), SAP (SAP:GR) and IBM (IBM:US). We all are working with the data related to the energy sector, Julie says.

Customers can have different kind of financing possibilities for new energy efficiency investment, but according to Julie customers are not always aware of financial instruments such as Green Bonds.

According to latest statistics the Green Bonds Markets have increased by 17 percent in the first quarter of  2017 compared with year ago. The issuance was nearly 30 billion dollars and the expectance for this year is 120 billion dollars.

Siemens market value is 113 billion dollars and the company is investing in digitalisation of the manufacturing industries, healthcare and the infrastructure sectors. The company  is listed in Frankfurt, Xetra.

Business Tech

Microsoft sold 8,4 million Lumia smartphones – loss after writeoffs

Microsoft (MSFT) revenue was stable during the three months period ending in June 2015. The company made 22,2 billion dollars revenue compared to 23,4 billion dollars a year ago.

On the other hand the company made 8,4 billion dollars writeoffs and the operating loss was 2 billion dollars compared to 6,4 billion dollar profit year ago. Loss per share was 0,40 dollars. The biggest impairment test was done in the former Nokia Devices Unit with the amount of 7,5 billion dollars plus restructuring charge of 780 million dollars.

Research and Development stayed at the same level and was 3 billion dollars during that quarter.

The company sold 8,4 million Lumia smartphones during that period. The growth was over 10 percent over prior year full quarter sales, 5,8 million units post-acquisition and 1,7 million units pre-acquisition. On the other hand revenue from Lumia smartphones declined.

The company is not making any forward looking financial statement.

Microsoft share closed to 47,28 dollars, up 0,77 percent in New York.

Business Tech