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Amazon (NASDAQ:AMZN) claims the Department of Defense failed to fairly judge its bid for the $10B JEDI cloud contract because Pres. Trump was biased against the company and “perceived political enemy” Jeff Bezos.
Amazon Web Services said in a complaint filed in the U.S. Court of Federal Claims, made public today, that the DoD ignored its superior technology and awarded the contract to Microsoft (NASDAQ:MSFT) despite the latter’s “key failures” to comply with requirements for contract.
he Pentagon made the errors because of improper interference by Trump, who AMZN said “launched repeated public and behind-the-scenes attacks to steer the JEDI Contract away from AWS to harm his perceived political enemy – Jeffrey P. Bezos,” the lawsuit said.
AMZN wants a re-evaluation of the proposals submitted to the Pentagon and a new award decision.
Workday (NASDAQ:WDAY) has closed on its acquisition of Scout RFP.
The strategic sourcing and supplier engagement platform will operate as Scout RFP, a Workday company.
Workday had come to a definitive deal in early November to acquire the company for about $540M in cash.
Twilio’s (TWLO +0.8%) recent weakness makes the stock a “particularly attractive buy opportunity”, Bank of America analyst Nikolay Beliov writes in a note.
Reiterates buy rating, Twilio’s “top pick” status and its $138 price target.
Beliov calls the stock’s decline of more than a third since its July peak “overdone” and still sees potential for 40% growth in 2019.
Sees 36%-40% increase in FY2020 as “doable”, as comps should get easier after Q1 2020.
Beliov’s buy rating contrasts with Quant rating of Bearish; Sell-Side average rating is Bullish (12 Very Bullish, 9 Bullish, 3 Neutral).
SoftBank’s (OTCPK:SFTBY) Vision Fund 2 is scaling back ambitions after some high-profile letdowns, the Telegraph reports.
In fact, it may be 30% smaller than the first $100B Vision Fund, according to the report.
SoftBank had planned to raise $108B for a second fund to support the company’s massive technology investments, but even key partners like Saudi Arabia have been rattled by key failures (paced by WeWork).
Wedbush weighs in on the challenge by Amazon of the awarding of the Pentagon’s JEDI contract to Microsoft (MSFT -0.2%).
“While this will cause noise and delay to the official start of the JEDI deal for Redmond, we do not believe this will change the decision and victory that went to Nadella & Co,” advises analyst Dan Ives.
Ives and team think JEDI is still a game changer for Microsoft as the contract creates a ripple effect for the company’s cloud business for years to come.
“With roughly 32% of workloads in the cloud today and poised to hit 55% by 2022, we believe Nadella & Co. are in the catbirds seat to get more of these complex workloads (e.g., AI, machine learning, etc.) as more enterprises take the leap to a hybrid cloud architecture over the coming years.”
Wedbush keeps an Outperform rating on Microsoft.
