Amazon Web Services (NASDAQ:AMZN) has a deepening chip portfolio that could have investors considering its competition against Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD), according to Wells Fargo.
Analyst Aaron Rakers points out that the AWS re:Invest 2019 conference starts Monday, where Amazon will showcase its proprietary processor development.
Rakers refers to Wednesday’s Reuters report that AWS has designed a next-gen data center chip.
Nokia working to resolve patent-license complaints – Reuters
Nokia (NYSE:NOK) is working to resolve a dispute with companies that have complained to European antitrust regulators about patent licensing fees, Reuters reports.
The company has reportedly submitted a proposal that could solve its issues with companies like Daimler and pre-empt a possible probe (and fines) from the European Commission.
The dispute largely centers on car communications, with the two sides squabbling over royalties on tech used in navigation, vehicle-to-vehicle communications and self-driving.
NXP insider sells $2.5M in shares
NXP Semi (NXPI -0.7%) EVP of technology and operations David Reed sold 21,137 shares at an average price of $117.96.
The sale reduced Reed’s directly owned shares by 54%.
SoftBank-backed Ola going public in 2021
Indian ride-hail company Ola wants to start its IPO process by March 2021, according to Reuters sources.
The company will cut its workforce by 4-5% ahead of the public debut.
Ola operates in over 250 cities. Revenue grew 16% Y/Y last year to about $301M while the net loss shrank by 60%.
SoftBank Vision Fund (OTCPK:SFTBF,OTCPK:SFTBY) is Ola’s top stakeholder. IPOs are a key way for SoftBank to get cash from its investments, but there’s a more cautious environment after WeWork’s failed IPO.
On Wednesday, Tech Data agreed to be purchased by Apollo Global Management (NYSE:APO) for $145/share. Apollo raised its bid from $135/share after TECD received a competing offer.
Last week, Warren Buffett said he bid $140/share for Tech Data. He doesn’t intend to make a higher offer.
As part of the original deal with Apollo, Tech Data’s go-shop period expires on December 9.
