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Share Name Share Symbol Market Type Share ISIN Share Description
Globaldata Plc LSE:DATA London Ordinary Share GB00B87ZTG26 ORD 1/14P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1,500.00 1,460.00 1,540.00 1,500.00 1,500.00 1,500.00 50,257 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 178.2 10.2 6.0 250.4 1,534

Globaldata Share Discussion Threads

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DateSubjectAuthorDiscuss
29/7/2019
09:12
We look forward to the second half of 2019 hTTp://uk.advfn.com/stock-market/london/globaldata-DATA/share-news/GlobalData-PLC-Unaudited-Interim-Report/80413417 GlobalData PLC Unaudited Interim Report 29 July 2019 GlobalData Plc Unaudited Interim Report For The Six Months Ended 30 June 2019 "Revenue growth drives further margin improvement" Financial Highlights -- Enhanced visibility on revenue, improved margin and strong operating cash flow. -- Group revenue increased by 18% to GBP88.5m (2018: GBP75.0m). -- Organic revenue growth (1) of 10%. -- Deferred revenue (7) increased by 15% to GBP77.2m (30 June 2018 restated: GBP67.2m), which represented 13% organic growth. -- Adjusted EBITDA(2) increased by 53% to GBP22.3m (2018: GBP14.6m), with margin of 25.2% (2018:19.4%). -- Adjusted profit before tax(4) increased to GBP19.4m (2018: GBP12.6m). Statutory profit before tax of GBP5.2m (2018: loss GBP4.2m). -- Cash flow from continuing operations increase of 97% to GBP34.1m (2018: GBP17.3m). -- Interim dividend increase 43% to 5.0 pence per ordinary share (2018: 3.5 pence). Operational Highlights -- Our financial results demonstrate our progress towards becoming a world leading data and analytics business, with a proven business model. -- Continued product investment has focused on an enhanced user interface and integration of additional data sets and tools within our multi-industry platform, to give our clients a richer experience with greater insight. -- Integration of the Research Views businesses has been successful and our shift to a single product platform and centralised operating model is now complete. Mike Danson, Chief Executive Officer of GlobalData Plc, commented: "The first half results reflect the product development and integration since the acquisition of Research Views in April 2018. Our vision of creating a differentiated world-class product, that is integral to professionals across the world's largest industries, has been consistent throughout our development. We look forward to the second half of 2019 in which we expect to further leverage the GlobalData platform, and we do so on the back of some very encouraging metrics in the first six months. Our results demonstrate the focus we have placed on our business model fundamentals and show the Group at an inflection point with further accelerated growth and margin improvement expected across the medium term."
littleredrooster
21/7/2019
13:48
hTTps://uk.advfn.com/stock-market/NASDAQ/GOOG/share-news/Tech-Rally-Powers-Record-Gains-for-Stocks/80367029 Tech Rally Powers Record Gains for Stocks 21/07/2019 10:59am Dow Jones News By Amrith Ramkumar The biggest technology companies are propelling major U.S. indexes' record run, highlighting investor enthusiasm for the hottest stock sector as economic growth softens. Together, Microsoft Corp., Apple Inc., Amazon.com Inc. and Facebook Inc. have accounted for 19% of the S&P 500's total return this year, according to S&P Dow Jones Indices data through Thursday. That rate is roughly in line with the contributions made by the biggest tech stocks in 2017 and much of last year, before a fourth-quarter reversal helped roil markets. Giant asset managers including Vanguard Group, State Street Corp. and T. Rowe Price Associates Inc. generally increased their stakes in these firms as well as Alphabet Inc. and Netflix Inc. in the first quarter of the year, FactSet data show. The concentrated gains contrast with much of the market. Seven of the S&P 500's 11 sectors remain solidly below records, and shares of small companies that stand to benefit if the Federal Reserve cuts interest rates are well below their recent peaks. The divergence shows investors are putting a premium on assets that offer the prospect of significant growth, which is perceived as scarce with falling rates and lukewarm economic data. Investors in the coming days will weigh second-quarter results from Amazon, Alphabet and Facebook, while Apple is set to report July 30. "Many people just want them whether interest rates are rising, declining or staying where they are," said Jamie Cox, managing partner at Harris Financial Group, which owns shares of Microsoft and Amazon and has been increasing its position in Microsoft recently. Fears that trade tensions will slow global growth have kept many investors cautious, pushing them toward the FAANG stocks -- Facebook, Amazon, Apple, Netflix and Google parent Alphabet -- as well as Microsoft. Many view these firms as less dependent on economic activity and attractive because they tend to participate in hot areas for investment such as cloud computing and artificial intelligence. "If you don't own a core holding in some of the leaders, you might be missing out," said Mona Mahajan, U.S. investment strategist at Allianz Global Investors. "Those few names are probably benefiting disproportionately because they have real growth stories behind them." At the same time, some investors are keeping an eye on signs the rally might be vulnerable. Netflix, among the most popular shares in recent years, tumbled more than 10% Thursday after subscriber data in its latest quarter disappointed Wall Street. Fund managers surveyed by Bank of America Merrill Lynch earlier this month ranked U.S. tech stocks the second-most-crowded trade across markets, trailing only U.S. Treasurys. Crowded trades are ones viewed as so likely to pay off that bad news often results in large losses. "The ones we tend to be a little more leery about are the ones that are growing just because of momentum," said Omar Aguilar, chief investment officer for equities and multiasset strategies at Charles Schwab Investment Management. The FAANG group and Microsoft are in the top 10% of most crowded S&P 500 stocks, according to an analysis by Ann Larson, managing director of global quantitative research at AllianceBernstein. Her firm uses a model to assess popular trades that factors in top holdings by active managers, stakes they have been building in the past several quarters, earnings estimates, stock performance and bank analyst ratings. The analysis also shows that technology is currently the most crowded sector. The biggest tech firms aren't the only ones benefiting. Semiconductor stocks have recovered from a dismal May and climbed in five consecutive weeks even as companies warn that tariffs are hurting their businesses. Shares of smaller social-media companies are rallying in lockstep, with Twitter Inc. up 28% in 2019 and Snap Inc., the parent company of Snapchat, more than doubling this year. Some of those companies are expected to record losses or slower profit growth moving forward, but investors say their gains illustrate a continuing search for greater returns as global bond yields fall. Yields decline as bond prices rise and have plumbed multiyear lows recently. The rally is increasing attention on whether stocks are too expensive based on common valuation metrics. The information-technology sector now has a price/sales ratio of 4.6, FactSet data based on revenues in the past year show, while the broader S&P 500 has a ratio of 2.15. Facebook, Netflix and Microsoft have much higher valuations based on sales than Amazon and Apple. But those concerns have prevailed for years, and some say the time hasn't come to act on them. "The playbook says invest in higher-quality names during times like these, and people are following the playbook," said Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management. Write to Amrith Ramkumar at amrith.ramkumar@wsj.com
littleredrooster
20/7/2019
14:04
Blackbird current valuation £20m. Invest at your own risk. Anyway, it's a good read. hTTp://www.streamingmediaglobal.com/Articles/Editorial/Featured-Articles/Blackbird-Plans-Launch-into-Video-Distribution-133092.aspx Blackbird Plans Launch into Video Distribution The firm is best known for postproduction, but its underlying compression technology is being commercialised to solve latency and buffering in live streaming By Adrian Pennington Posted on July 17, 2019 "Blackbird, a developer of cloud-native postproduction tools, is moving into video distribution. Blackbird Player is built around core compression technology originally devised three decades ago by R&D director Stephen Streater. The player is likely to debut in prototype at IBC in September. "We know video streaming is challenged by latency with recent major sports events streamed live suffering from costly buffering," says Blackbird chief executive Ian McDonough. "We also know that watching video currently is a very passive experience for people, because they can't manipulate content. We have the technology to help solve these needs." McDonough adds, "Rights holders are frustrated by not being able to allow their fans to clip and share video of a sport. With Blackbird Player, users will have instant access to any part of the video and to be able to share it over social, instantly and securely.""
littleredrooster
19/7/2019
13:40
hTTps://uk.advfn.com/stock-market/NASDAQ/MSFT/share-news/Cloud-Lifts-Microsoft-Revenue-To-Record-WSJ/80361205 Cloud Lifts Microsoft Revenue To Record -- WSJ 19/07/2019 8:02am Dow Jones News By Asa Fitch "Revenue in Microsoft's cloud-computing businesses, which accounted for about a third of sales in the period, rose 39%. The company's transition to offering customers subscriptions to cloud-based versions of its Office productivity suite and other popular programs has helped propel that growth. So has the popularity of Azure, a cloud service that is second in size only to Amazon.com Inc.'s AWS. There are no signs that Microsoft's fortunes will reverse anytime soon. Chief Financial Officer Amy Hood told analysts that the current fiscal year should again see double-digit sales growth. Still, while cloud-computing sales are growing fast, the business also is increasingly competitive. Alphabet Inc.'s Google and China's biggest tech companies are vying for their share. Google last year poached a top Oracle Inc. executive to run its cloud business as it seeks to challenge Azure and AWS. International Business Machines Corp. recently closed its $34 billion purchase of open-source software giant Red Hat, as it gears up to compete for cloud contracts. Research company Gartner Inc. forecast in April that spending on cloud services would rise nearly 18% this year, topping $214 billion. AT&T Inc. said Wednesday that it is shifting most internal business applications used by its biggest unit to Azure, in part to cut costs. That came a day after AT&T announced a separate cloud deal with IBM. Microsoft shares traded up more than 2% after-hours Thursday following the earnings report. Investors have rewarded the company's recent success by pushing its stock to a record close earlier in the week and giving it a market capitalization north of $1 trillion. Mr. Nadella credited deep partnerships with companies in every industry with propelling Microsoft's strong performance in the latest period. Since taking over in early 2014, Mr. Nadella has guided Microsoft through a major reorientation of the business, making up for slowing sales of Windows by expanding in other areas. That has put Microsoft back at the pinnacle of the tech industry after years of struggle to find its way as computing shifted to mobile from desktop computers. The rise of cloud computing has been central to the success of that retooling. Azure revenue in the latest quarter grew 64% from a year earlier, Microsoft said, though the pace has been moderating as the business got bigger."
littleredrooster
17/7/2019
13:35
hTTps://uk.advfn.com/stock-market/NASDAQ/FB/share-news/Bitcoin-Loses-Almost-a-Third-of-Its-Value-as-Libra/80343732 Bitcoin Loses Almost a Third of Its Value as Libra Hype Fades 17/07/2019 9:22am Dow Jones News By Steven Russolillo Facebook Inc.'s struggle to convince lawmakers it can create a viable cryptocurrency is rubbing off on bitcoin. The world's most popular cryptocurrency has fallen sharply as regulatory scrutiny of Facebook's ambitious plan to release its own digital coin, called Libra, has spoiled bitcoin's big rally this year. The price of bitcoin recently slid to $9,300, according to research site CoinDesk. It has lost almost a third of its value after trading above $13,000 a week ago, which was near its high for the year. Enthusiasm about Facebook's plans drove much of the earlier rally. There was hope that Libra would bring widespread cryptocurrency adoption and legitimize the industry, from which bitcoin would benefit. Then the criticism started piling in. Federal Reserve Chairman Jerome Powell last week said he had "serious concerns" about the social-media giant's plans. President Trump criticized bitcoin and said Libra would have "little standing or dependability." During the weekend, the industry was dealt another blow when a popular cryptocurrency called Tether--whose value is pegged to the dollar--was briefly subject to a "fat-finger" error that caused bitcoin's price to drop sharply. On Monday, Treasury Secretary Steven Mnuchin raised national security concerns about Libra and said people in the past had tried to use cryptocurrencies for illegal means. Facebook faced questioning on Tuesday from U.S. senators, who said they don't trust the company to operate a global cryptocurrency. That is partly because there isn't a clear regulatory framework for digital assets. Democratic Sen. Sherrod Brown compared Facebook to a "toddler who has gotten his hands on a book of matches." Ethan Hou, a 30-year-old cryptocurrency trader in Taiwan, said he woke up in the middle of the night to follow the Senate hearing and the market reaction. He said he sold some of his bitcoin holdings and expects more downside in the short term. "Watching the grilling that Facebook was getting from Congress, there is a lot of negative sentiment around the market," he said. Mr. Hou said he is broadly optimistic about the future of bitcoin and other cryptocurrencies, given Facebook managed to get large companies including Mastercard Inc. and PayPal Holdings Inc. to back its plans for Libra. Others remain skeptical of the benefits Libra could bring for users. "What legitimate corporate or consumer global payments need exists that a Facebook-led crypto consortium can uniquely fill? In our view, none," Morgan Stanley analysts said in a note on Tuesday. Facebook executive David Marcus told the Senate Banking Committee on Tuesday plans for Libra won't move forward until the company has "fully addressed regulatory concerns and received appropriate approvals." The company will face more questioning from the House Financial Services Committee on Wednesday. Write to Steven Russolillo at steven.russolillo@wsj.com
littleredrooster
06/7/2019
12:47
The FCC already has approved nearly 13,000 low-Earth orbit satellites hTTps://www.bloomberg.com/news/articles/2019-07-05/amazon-asks-to-join-broadband-space-race-with-elon-musk-s-spacex Chasing SpaceX, Amazon Seeks to Launch 3,236 Internet Satellites By Todd Shields 5 July 2019, 17:26 GMT+1 * Bezos company asks FCC to approve Kuiper satellite system * Spacecraft to deliver broadband to millions around the globe Amazon.com Inc. asked for U.S. permission to launch 3,236 communications satellites, joining a new space race to offer internet service from low orbits and challenge the fleet planned by Elon Musk’s SpaceX. Amazon in a July 4 filing told the Federal Communications Commission its Kuiper satellites will deliver broadband to tens of millions of consumers and businesses that now lack adequate access to the internet. The agency coordinates trajectories and radio-frequency use. The FCC already has approved nearly 13,000 low-Earth orbit satellites. Those include 11,943 for Musk’s Space Exploration Technologies Corp., which launched an initial batch of 60 spacecraft in May. At low-Earth orbit -- altitudes of 112 to 1,200 miles (or about 180 to 2,000 kilometers) -- satellites need to race around the globe to stay aloft, completing orbits in as little as 90 minutes. As one moves toward the horizon it will hand off signal duties to the next satellite coming by. Many satellites are needed if continuous, widespread coverage is the goal. Amazon in its FCC application said its satellites would operate at altitudes of about 370-to-390 miles (590-to-630 kilometers). Long-Term Project Amazon Chief Executive Officer Jeff Bezos last month said the Kuiper project will cost “multiple billions of dollars.” The project is separate from Bezos’s space launch vehicle maker, Blue Origin LLC. “This is a long-term project that envisions serving tens of millions of people who lack basic access to broadband internet,” Amazon said in a statement in April, when the company’s satellite program first became public in a filing with the International Telecommunications Union. In its FCC filing, Amazon said it will help serve U.S. communities “by offering fixed broadband communications services to rural and hard-to-reach areas.” The Kuiper System will help mobile network operators to expand wireless services, Amazon said in its application. It also offered the prospect of “high-throughput mobile broadband connectivity services for aircraft, maritime vessels, and land vehicles.” Amazon cited FCC studies that say 21 million Americans lack fixed, residential broadband and 33 million Americans don’t have access to speedy mobile service. Worldwide, 3.8 billion people remain without fast and reliable broadband service, according to the application. — With assistance by Matt Day
littleredrooster
27/6/2019
14:00
it has never been forced by a court to pay fines for stealing secrets That's not quite the same as being innocent. hTTps://uk.advfn.com/stock-market/stock-news/80222399/news-highlights-top-company-news-of-the-day "Huawei Hits Back at Claims It Steals Secrets Chinese technology giant Huawei defended itself against allegations that it violates other companies' intellectual-property rights, saying it has never been forced by a court to pay fines for stealing secrets." hTTps://www.theregister.co.uk/2019/06/27/huawei_firmware_vulnerability_study/
littleredrooster
24/6/2019
21:05
$100bn European listing and the wrong envelopes were dispatched to shareholders. hTTps://www.ft.com/content/daa5ddc2-942d-11e9-b7ea-60e35ef678d2 South Africa’s Naspers postpones planned $100bn European listing Administrative error forces group to delay Dutch move until September Joseph Cotterill in Johannesburg June 21, 2019 South Africa’s Naspers delayed its planned $100bn European listing of global internet assets, which includes a large stake in China’s Tencent, after the wrong envelopes were dispatched to shareholders. Johannesburg-listed Naspers said on Friday that it would postpone listing what is likely to be Europe’s biggest consumer internet group until September, following the administrative error by an external service provider. The listing on the Euronext Amsterdam, a landmark in the rise of Africa’s most valuable listed company as a global investor, was originally scheduled for July 17. Naspers, which also announced results for the year ending in March on Friday, said that the outside company mixed up names and addresses on circulars sent to shareholders ahead of a meeting this month to consider the listing. “This could in some cases lead to confusion” and the company has delayed the meeting to August “so as to allow all shareholders equal opportunity to fully consider the circular and resolution,” Naspers said. The listing is aimed at reducing a significant discount in Naspers’ share price that is being driven by the sheer size of its investment in Tencent, which it has held since 2001. The company’s 31 per cent stake in the Chinese gaming giant — of which it sold a portion last year — has pushed its value to about a quarter of the Johannesburg stock market. South African investors have been forced to sell the stock to cut down on concentration risk as a result. Naspers plans to retain about 75 per cent of the vehicle, which has been named Prosus, the company said on Friday. It will also include assets such as Russia’s mail.ru and India’s Swiggy as well as internet classifieds. The free float of about 25 per cent will be offered to shareholders and is also likely to be snapped up by European investors as the company will enter major stock indices. Prosus will have a secondary listing in Johannesburg. Naspers increased trading profits by 10 per cent to $3.3bn during the 12 months ending in March, a year in which it spun off its African pay-TV arm, MultiChoice, in Johannesburg. “Naspers enters the 2020 financial year as a fundamentally different group, with virtually all revenues now generated from online activities, and is well positioned as a global consumer internet group,” the company said. The group invested more than $3bn during the period as it expanded segments including classifieds, food delivery and payments. Naspers reported $6.3bn in cash after it reduced its Tencent stake for the first time ever last year, and sold a stake in India’s Flipkart.
littleredrooster
21/6/2019
14:43
hTTps://www.sharecast.com/news/press-round-up-short-premium/friday-newspaper-round-up-monsoon-accessorize-woodford-slack-facebook-currency--6744298.html 21 Jun, 2019 Friday newspaper round-up: Monsoon Accessorize, Woodford, Slack, Facebook currency "The governor of the Bank of England has warned Facebook that its planned digital currency would have to meet strict regulations before being adopted by the public. In the annual Mansion House speech Mark Carney said: “The Bank of England approaches Libra with an open mind but not an open door.” – The Times"
littleredrooster
19/6/2019
14:22
Such risks made Apple management nervious that the risks of placing all its eggs in the same basket were too great and rising Makes sense to me. hTTps://www.sharecast.com/news/international-companies/apple-allegedly-urges-suppliers-to-move-output-from-china--6735332.html Apple allegedly urges suppliers to move output from China Caoimhe Toman 19 Jun, 2019 Apple has asked its largest suppliers to consider the cost implications of shifting between 15-30% of their output from China to Southeast Asia, the Nikkei Asian Review reported on Wednesday. Suppliers urged to consider the costs involved in such a move included Foxconn Technology, Pegatron, Wistron, Quanta Computer, Compal Electronics, Inventec, Luxshare and GoerTek. Not only was China the manufacturing hub for lion' share of its production, it was also Apple's largest overseas market. But Trump’s threats to levy tariffs on another $300bn-worth of Chinese goods risked escalating tensions with Beijing and possible reprisals against Apple products. Such risks made Apple management nervious that the risks of placing all its eggs in the same basket were too great and rising. Hence, even if the trade row with Washington was resolved, Apple was intending to carry through with its plans, several people reportedly told Nikkei. Among the alternative host countries being considered were Mexico, India, Vietnam, Indonesia and Malaysia, with India and Vietnam the favourites to host future smartphone production, said the Nikkei.
littleredrooster
17/6/2019
21:40
Well, this is also nice. Jun 17 16:30 Globaldata PLC Share price change +60.00p % change 8.60% Share price 760p Market Cap £777.0m http://uk.advfn.com/stock-market/london/globaldata-DATA/share-price
littleredrooster
14/6/2019
20:36
Well, that's nice. 7 hours ago Globaldata hit an upwards 5 year price breakout.
littleredrooster
31/5/2019
00:14
the UK's freedom to negotiate its own trade deals, including with Washington, is a key positive aspect of seeking a divorce from the EU Well, the US is the world's biggest economy. hTTps://www.sharecast.com/news/news-and-announcements--/trump-wants-deal-with-uk-post-brexit--4848175.html Trump wants deal with UK post-Brexit 29 May, 2019 16:07 US President Donald Trump wants to strike a trade deal with the UK post-Brexit his ambassador to London, Woody Johnson said on Wednesday. “It’s foremost in the president’s mind and he would get it done as quickly as possible,” Johnson told BBC Radio 5 Live on Wednesday. “It would be front of the line for the U.K.” “A comprehensive free-trade deal between our countries would be a huge positive for both the US and the U.K.,” Johnson said. More information on the subject could come from President Trump’s state visit to the UK next week, just days before Theresa May is set to step down as Prime Minister on 7 June. The comments come at a time when the UK government is in chaos following the announcement of her resignation last week. Tories are working to appoint a new leader. It is expected that the new leader will take a harder stance on Brexit. According to those who have defended Brexit, the UK's freedom to negotiate its own trade deals, including with Washington, is a key positive aspect of seeking a divorce from the EU.
littleredrooster
23/5/2019
12:12
It brings in to question whether Huawei can survive as a handset maker hTTps://www.firstpost.com/tech/news-analysis/huaweis-android-license-has-been-revoked-heres-what-huawei-has-to-say-about-it-6668061.html Huawei's Android license has been revoked; here's what Huawei has to say about it tech2 News Staff May 23, 2019 16:13:10 IST Google announced that they will be suspending all business interactions with smartphone manufacturer Huawei. This meant Google won’t be conducting any kind of business involving hardware or software with Huawei, apart from the components covered by open source licenses. While Google already clarified earlier that services like Google Play and Google Play Protect will continue working on existing Huawei devices, it was still unclear how Huawei was handling the situation. As reported by Android Central, Huawei has released a statement on the same. The company says that it will continue providing security updates and after-sales services to existing Huawei and Honor smartphone and tablet products. It will cover all the products that are currently being sold as well. However, whether it will be receiving security patches and updates after Android Q in the future is still unclear. Huawei also confirmed that the trade blacklist isn’t going to affect the launch of its upcoming Honor 20 Series smartphones, which are scheduled for 21 May (tomorrow). Here’s Huawei’s full statement: "Huawei has made substantial contributions to the development and growth of Android around the world. As one of Android's key global partners, we have worked closely with their open-source platform to develop an ecosystem that has benefitted both users and the industry. Huawei will continue to provide security updates and after-sales services to all existing Huawei and Honor smartphone and tablet products, covering those that have been sold and that are still in stock globally. We will continue to build a safe and sustainable software ecosystem, in order to provide the best experience for all users globally. Plus, nothing has changed for HONOR. We will be having our exciting launch event tomorrow in London for HONOR 20 Series." hTTps://www.theinquirer.net/inquirer/news/3076021/google-cuts-off-huawei-android-us-ban "Huawei has been working on its own operating system for some time, so it was ready for this eventuality, but by forcing them to use it, the US could well be creating an all-new rival to iOS and Android that could prove more popular in Asian markets. Meanwhile, the decision will cause havoc for the millions of existing Huawei and Honor handset owners. Google has said that it will continue to supply security updates to these devices, which will continue to work, but are now unlikely to receive updates to Android Q - making them instantly less attractive to potential buyers. New devices from Huawei/Honor will be required to use only the open source (AOSP) version of Android, which means no Google Play Services, no Play Store, no YouTube, no Google Pay - in fact, most of the killer features of Android will disappear. It brings in to question whether Huawei can survive as a handset maker, despite threatening to become the biggest in the world in the coming few years, with two best-in-class handset releases last year and the well-received P30 range introduced only last month."
littleredrooster
22/5/2019
15:07
this seems on a cursory glance very expensive and an acquisition driven company operating in competitive markets eg analysing global pharamaceutical developments up against evaluate there, I guess, but Amati has bought in so must see some potential, wonder if anyone can put the bull case eg size and scale to be weighed against the negatives, loads of intangibles, an inevitable LTIP and need to dish out options to keep the staff.
mw8156
07/5/2019
16:15
hTTps://www.theregister.co.uk/2019/05/03/nasa_aluminium_problems/ NASA fingers the cause of two bungled satellite launches, $700m in losses, years of science crashing and burning... Aluminium manufacturer accused of running 19-year supply quality scam By Iain Thomson in San Francisco 3 May 2019 at 05:56 Scientists at NASA have accused one of their metal suppliers of lying about the strength of its aluminium in a 19-year scam that caused $700m in satellites and other parts to go up in smoke. The space agency eggheads pointed the finger of blame at the aluminium manufacturer after probing two failed science missions: the February 24, 2009 fruitless launch of the Orbiting Carbon Observatory, and the March 4, 2011 doomed launch of the Glory satellite, designed for monitoring atmospheric pollutants. In both cases, the rocket fairing, which is the nose cone protecting the satellite payload, failed to separate after liftoff. As a result, the Orbiting Carbon Observatory (OCO) plunged into the ocean off the Antarctic, and Glory swiftly crashed into the Pacific, after their rockets fell back to Earth, the satellites still attached. The blunders were traced back to the fairing release mechanism, and specifically the aluminium (or aluminum in Freedom Language) used in this component. It was supplied by Sapa Profiles Inc, of Oregon, USA, now renamed Hydro Extrusion Portland, Inc. NASA's boffins said the metals used were not up to specification, and called in the Feds. Subsequent checks appeared to show that Sapa had been falsifying its materials testing reports for profit. The metal was supposed to have a particular tensile strength, however, company employees fudged the tests to increase profit margins, investigators said. “NASA relies on the integrity of our industry throughout the supply chain,” said Jim Norman, NASA’s director for Launch Services, earlier this week. "While we do perform our own testing, NASA is not able to retest every single component. That is why we require and pay for certain components to be tested and certified by the supplier. "When testing results are altered and certifications are provided falsely, missions fail. In our case, the Taurus XLs that failed for the OCO and Glory missions resulted in the loss of more than $700 million, and years of people’s scientific work. It is critical that we are able to trust our industry to produce, test and certify materials in accordance with the standards we require. In this case, our trust was severely violated." The Feds said they uncovered thousands of falsified records relating to the breaking point of Sapa's metal. And it wasn't just NASA that got stiffed, we're told: the same plant supplied the US military and hundreds of other customers in America and around the world. The blame was specifically pinned on Dennis Balius, Sapa's testing lab supervisor. Prosecutors said he forced lab technicians to falsify testing results, recertify failed parts, and violate testing standards by speeding up examinations and using incorrect parts. He pleaded guilty to charges of fraud in July 2017, and was sentenced to three years in the cooler, and forced to pay over $170,000 in restitution. In an out-of-court settlement, the company formerly known as Sapa agreed to pay $31.4m in restitution to NASA and the US military, and forfeit $1.8m in "ill-gotten gains," as the Dept of Justice put it. That ended a criminal fraud case against the biz. To settle a related civil case, in which the manufacturer was accused of breaking the False Claims Act, the company agreed to pay $6m to NASA and $5m to the US Department of Defense’s Missile Defense Agency. It is also barred from selling to US government agencies in the future. “Our partners at NASA and in the military – as well as hundreds of private businesses – put their faith in the integrity of this supplier and the structural integrity of its products,” said Special Agent in Charge Loren ‘Renn’ Cannon of the FBI’s Portland Field Office. “For almost two decades, this company’s greed violated that trust." 158 comments
littleredrooster
03/5/2019
13:43
hTTps://www.businessinsider.com/microsoft-subtle-fear-tactic-win-cloud-business-amazon-2019-5 Microsoft's Satya Nadella uses a subtle fear tactic to win cloud business away from Amazon Julie Bort 18 hours ago * Amazon seems like an unstoppable force in the cloud computing market. * But No. 2 cloud player Microsoft is gaining ground. * Here's the story of how Microsoft CEO met with the CEO of advertising giant WPP and subtly reminded him of the risk of choosing the wrong cloud company. * Visit Business Insider's homepage for more stories. Advertising agency giant WPP has been a partner with Microsoft for years. So when it came time to meet and pitch WPP's new CEO, Mark Read, appointed last September, Microsoft brought out the big gun: Microsoft CEO Satya Nadella. Flanked by about 20 people from each of their organizations, Nadella marched straight up to Read the moment introductions were over, reports Businessweek's Austin Carr and Dina Bass as part of a profile on Nadella. He politely listened to Read talk about WPP's digital needs for nearly a quarter of an hour before gently saying, "We don't want you to think of this as just building an app on our platform. We want to enable you to build your own platform." The words were a code. Nadella was reminding Read that unlike giant cloud provider Amazon, Microsoft isn't competing with WPP. It isn't a retailer competing with WPP's customer's either. And although it does have Bing and does sell ads, it also has an ad sales partnership with WPP. Nadella's sales pitch is simple, and one used not just with ad agency giant WPP but with retailers, an industry Amazon has really clobbered: Do you trust a technology partner to store their data, handle their transactions, know the most intimate details of their business, if that tech partner is also a competitor? This fear is one of the reasons why major retailers like Walmart and Kroger have chosen Microsoft over Amazon. And Microsoft isn't alone in using it. Google's cloud has deliberately gone after the retail market as well, with the same argument. The message wasn't lost on Read, Businessweek reports. WPP's famous billionaire founder Martin Sorrell (who resigned last year over allegations of personal misconduct leading to Read's promotion as CEO), spent much of last year warning the world that Amazon's advertising business was underestimated. He called Amazon names like "tentacles" and said its advertising business was a growing "pimple" or "boil"in various interviews. WPP began offering brands creative services to help them advertise on Amazon back in 2017. And, like he predicted, Amazon's advertising business has been growing. He saw it as a direct threat to Google and Facebook but also one to WPP, admitting that Amazon "kept him up at night." That's because digital ad companies like Google, Facebook and Amazon all have their own enormous sales forces and work with brands directly, cutting out the need for creative agency. Amazon is also working to build out its ad sales force. It's currently looking to hire nearly 1,700 people for advertising sales jobs, according to its website. Nadella's fear tactic clearly doesn't work on everyone. Amazon remains the market share leader in cloud, with plenty of companies, especially outside of retail, choosing AWS. Ironically, one of Amazon's Web Services biggest customers is Netflix. It began using Amazon back before Amazon began competing with it. This even though, as Bloomberg reveals, Netflix's co-founder and CEO Reed Hastings was Nadella's mentor back when Hastings was a Microsoft board member. Hastings left the board in 2012. And despite his close relationship with Nadella, and the fact that Amazon now has its own movie studio and streaming services, it has yet to ditch AWS for Azure. Still, Amazon's willingness to compete with its partners and customers could be AWS's achilles heel and one that Nadella seems ready to exploit.
littleredrooster
26/4/2019
15:09
Final dividend paid today (equivalent of 40% of my initial investment).
littleredrooster
16/4/2019
14:49
Oops! hTTps://advanced-television.com/2019/04/16/spacex-rocket-falls-overboard/ SpaceX rocket falls overboard By Chris Forrester April 16, 2019 SpaceX lost a core rocket on April 15th. The rocket fell overboard from its floating drone barge in rough Atlantic seas off Florida. The rocket had formed the central portion of a 3-rocket assembly which launched Arabsat 6A last week, and had landed on the barge in a textbook operation. The two side boosters, themselves in essence complete Falcon 9 booster stages, were successfully landed just a few minutes after lift-off from Cape Canaveral. However, the barge was waiting for the main rocket a few hundred miles down range and suffered extremely bad weather in the days following the lift-off. SpaceX, in a statement said, “Over the weekend, due to rough sea conditions, SpaceX’s recovery team was unable to secure the center core booster for its return trip to Port Canaveral. As conditions worsened with eight-to ten-foot swells, the booster began to shift and ultimately was unable to remain upright. While we had hoped to bring the booster back intact, the safety of our team always takes precedence. We do not expect future missions to be impacted.” https://www.dailymail.co.uk/sciencetech/article-6925935/SpaceX-loses-Falcon-Heavys-center-core-fell-ocean.html
littleredrooster
02/4/2019
14:24
hTTp://www.netimperative.com/2019/04/facebook-asks-governments-for-help-policing-internet/ Facebook asks governments for help policing internet April 1, 2019 Facebook boss Mark Zuckerberg has asked governments and regulators to play “a more active role” in policing the internet and the standards of big online companies. Zuckerberg said firms such as his had huge responsibilities, deciding matters such as which content is harmful and what constitutes political advertising. “If we were starting from scratch, we wouldn’t ask companies to make these judgments alone,” he said in an open letter. “By updating the rules for the internet, we can preserve what’s best about it – the freedom for people to express themselves and for entrepreneurs to build new things – while also protecting society from broader harms,” said Facebook’s CEO. Facebook has been criticised for not doing enough to quickly take down harmful content and hate speech, for example after the New Zealand terror attack, and for not being transparent enough over who is paying for political ads. This week, however, it responded to some of that criticism by announcing a ban on content promoting white nationalism and separatism. It is also looking at restrictions on live video streaming. What does Zuckerberg want? In brief, Zuckerberg calls for the following things in the letter: •Common rules that all social media sites need to adhere to, enforced by third-party bodies, to control the spread of harmful content •All major tech companies to release a transparency report every three months, to put it on a par with financial reporting •Stronger laws around the world to protect the integrity of elections, with common standards for all websites to identify political actors •Laws that not only apply to candidates and elections, but also other “divisive political issues”, and for laws to apply outside of official campaign periods •New industry-wide standards to control how political campaigns use data to target voters online •More countries to adopt privacy laws like the European Union’s General Data Protection Regulation (GDPR), which came into force last year •A “common global framework” that means these laws are all standardised globally, rather than being substantially different from country to country •Clear rules about who’s responsible for protecting people’s data when they move it from one service to another The open letter, which will also be published in some European newspapers, comes as the social network faces questions over its role in the Cambridge Analytica scandal around data misuse during election campaigns. Read the open letter here hTTps://newsroom.fb.com/news/2019/03/four-ideas-regulate-internet/
littleredrooster
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