Day: October 5, 2020

05
Oct
2020
Posted in technology

Traders Love Tencent So Much They Pay a Premium to Be Bullish

(Bloomberg) — Caught off guard by Tencent Holdings Ltd.’s record-breaking rally earlier this year, Hong Kong’s stock investors are getting well prepared for the next one.

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For about two months, options traders have consistently shelled out more for bullish three-month contracts on the stock than they’re willing to pay for those protecting against losses, according to data compiled by Bloomberg. That’s kept Tencent’s so-called volatility skew below zero, an unusual quirk for a market that typically sees traders pay more for downside protection than upside speculation.

Asia’s second-largest corporation by market value and eighth globally is growing revenue at its fastest pace in years, lifted by an explosion in internet activity — and mobile gaming in particular — amid China’s world-leading recovery from Covid-19. The 33% stock surge in the first half of this year plateaued after U.S. President Donald Trump signed an executive order banning U.S. entities from dealing with Tencent’s signature app WeChat.



chart: Tencent's call options are pricier than puts


© Bloomberg
Tencent’s call options are pricier than puts

Tencent has long been a market favorite because of its dominant position in China’s gaming sphere and the ubiquity of WeChat, which has become the go-to app for communications, social media and entertainment. While Alibaba Group Holding Ltd. and upstarts like ByteDance Ltd. are challenging its position, Tencent continues to serve the country’s largest user base and dominate in gaming, the most profitable class of smartphone app.

The company is set to report third quarter results on Nov. 12. Its net income is expected to grow 45% following a prior-year decline, with revenue projected to rise 28% from a year earlier, according to the consensus estimates of analysts tracked by Bloomberg. The stock has the most buy recommendations among all companies listed only in Hong Kong and no analyst has a sell rating on

05
Oct
2020
Posted in technology

Apple Could Launch Speakers and Headphones Soon

Illustration for article titled Sure Sounds Like Apple Is About to Launch Some Speakers and Headphones

Photo: Adam Clark Estes/Gizmodo

In what seems like an obvious sign that Apple has a few new audio products lined up to launch this fall, the company just cleared its digital and physical stores of nearly every speaker and headphone brand that could conceivably be considered a rival if Apple had some competing devices slated to go on sale soon.

The company has taken down product pages for headphones and speakers made by Bose, Sonos, and Ultimate Ears, and will reportedly be removing those products from its physical stores, too. The move, first spotted by Bloomberg, means that Apple is selling only headphones, earbuds, and speakers made by itself or its subsidiary, Beats, online or in stores.

Apple told Bloomberg that the company regularly reevaluates the third-party products it sells, which are chosen to help customers get more out of their Apple devices.

But the timing is notable because Apple is rumored to have more product launches planned this fall. A a smaller HomePod speaker and a pair of Apple-branded headphones are reportedly on deck.

And, as Bloomberg noted, Apple has in the past removed products from its store that directly compete with its own, as it did with Fitbit after launching the Apple Watch. But the company has also eliminated products untethered to a launch, so the move may be entirely unrelated to Apple devices on the horizon.

Apple is reportedly planning an iPhone event this month and another product showcase in November, so we have two possible opportunities to see an AirPods Studio or whatever the next HomePod could be (in case you really want an expensive Siri speaker for whatever reason).

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05
Oct
2020
Posted in technology

Automated Test Equipment Market – Actionable Research on COVID-19 | Growing Use of Smartphone to Boost the Market Growth

The global automated test equipment market size is poised to grow by USD 1.47 billion during 2020-2024, progressing at a CAGR of over 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005960/en/

Technavio has announced its latest market research report titled Global Automated Test Equipment Market 2020-2024 (Graphic: Business Wire)

The electronics industry is growing at an unprecedented rate, with a significant increase in the exports of electronic goods in countries like China, Japan, and Singapore. There has been a stagnant increase in sales and shipment of smartphones, which promotes the growth of the test and measurement equipment. The increasing sales of electronic goods and the growing smartphone market will foster the demand for automated test equipment, boosting the automated test equipment market growth.

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Report Highlights:

  • The major automated test equipment market growth came from the consumer electronics segment. This segment is expected to grow because of the increase in disposable incomes, reduced cost of consumer electronics, and changing lifestyles in developing countries. Therefore, the automated test equipment market share growth by the consumer electronic segment will be significant during the forecast period.

  • APAC was the largest automated test equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The presence of multiple vendors that sell automated test equipment at competitive

05
Oct
2020
Posted in software

John McAfee, antivirus software pioneer, charged with tax evasion in US | US news

John McAfee, the antivirus software entrepreneur, has been charged with evading taxes after failing to report millions earned promoting cryptocurrencies, consulting work, speaking engagements and the sale of the rights to his life story for a documentary, US prosecutors have alleged.

McAfee hid assets from the Internal Revenue Service, including real estate property, a vehicle and a yacht, in the names of other people, prosecutors said.

A June indictment charging McAfee with tax evasion and wilful failure to file tax returns was unsealed in federal court in Memphis, Tennessee, on Monday after McAfee’s arrest in Spain, where extradition is pending, the US attorney’s office said.

Online court records do not show whether McAfee has a lawyer to speak on his behalf about the charges.

McAfee rose to prominence after developing early internet security software, and has been sought by authorities in the US and Belize in the past.

The indictment said McAfee failed to file tax returns from 2014 to 2018, despite receiving “considerable income” from several sources. The indictment does not allege that McAfee received any income or had any connection with the antivirus software company bearing his name during those years, prosecutors said.

McAfee evaded taxes by directing his income to be paid into bank accounts and cryptocurrency exchange accounts in the names of others, the indictment said.

If convicted of all charges, McAfee could face up to 30 years in prison.

McAfee was released from detention in the Dominican Republic in July 2019 after he and five others were suspected of traveling on a yacht carrying high-calibre weapons, ammunition and military-style gear, officials in the Caribbean Island said at the time.

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05
Oct
2020
Posted in technology

Nurturing next generation leaders and experts; two paths to prosperity

The digital transformation underway across all sectors of the economy means that demand for technology professionals is soaring.

Even before the pandemic, it was clear that demand for technology skills and leadership was on the march. A study conducted by Faethm in association with the Australian Computer Society (ACS) reveals that although automation and AI are going to transform all industry sectors and displace some workers, over the coming 15 years as many as 5.6 million new jobs could be added to the Australian economy – a quarter of them in technology-related roles.

The annual Digital Pulse report – prepared by Deloitte for the ACS – suggests that the nation’s technology workforce will grow by just over 3 per cent for the next five years, and reach a million people by 2027. It’s an encouraging trajectory but an organisation like Iress, a fintech which is founded on solving complex problems with technology, needs capable, intelligent people who like solving complex problems now. It needs people who are skilled at collaborating with colleagues both face to face and online, and schooled in agile approaches to problem-solving. And it needs leaders to help them do that.

The challenge for organisations as they navigate their skills requirements is to pay careful attention to different career trajectories. Is an individual best placed as an expert or leader? Where does their passion lie? What are their aspirations and how can they be nurtured?

A resilient, next-generation workforce emerges by balancing the skills equation carefully – nurturing leaders and investing in the skills of experts.

Iress chief technology officer Andrew Todd says: “In my experience, career progression has often been a path of becoming a technical specialist in the role – whatever the technical speciality might be – then you become a team leader, a