NexOptic Technology Corp (TSXV:NXO)
NexOptic Technology Corp. develops scalable hardware, software and artificial intelligence technologies for camera and imaging lenses.
Zoom Video’s (NASDAQ:ZM) iOS app sends analytics to Facebook without user consent, according to a Vice Motherboard investigation.
Upon opening the Zoom app, it connects to Facebook’s Graph API, which is the main way for developers to import/export data to Facebook.
The data sent includes device details such as the model and carrier, the user’s time zone and city, and a unique advertiser identifier that lets advertisers target users with ads.
Trump administration officials have agreed on new measures to restrict chip supplies to Huawei, according to Reuters sources.
The action by senior cabinet officials comes as U.S.-China tensions reignite over the spread of the coronavirus.
The change would require foreign companies using U.S. chipmaking equipment to obtain a U.S. license before sending certain chips to Huawei.
The rule is likely referring to newer, sophisticated chips rather than the more common, older models.
Global chip manufacturers rely on equipment from the likes of U.S.-based KLA (NASDAQ:KLAC), Lam Research (NASDAQ:LRCX), and Applied Materials (NASDAQ:AMAT).
The decision still needs to be approved by President Trump.
In its latest pandemic reaction, AT&T (T +6.2%) says it’s paying a 20% bonus above its usual hourly base rate to front-line union employees, and is extending paid leave (up to 160 hours) for employees who fit conditions (positive COVID-19 test, or primary caregiver for someone who has, as well as parents/guardians and higher-risk employees).
It’s adding a fleet of 76 deployable cell sites for FirstNet agencies, and waived fees for some Navy ship-stationed personnel to call home.
For consumers, it’s offering unlimited data to home Internet wireless/fixed wireless customers, waiving fees for those with hardships, and adding free previews of some premium TV channels, including Showtime, Starz, Epix, HBO and Cinemax.
And it’s offering World Connect Advantage business customers 50% off the current rate as well as committing $10M to support distance learning.
Wedbush analyst Daniel Ives says it’s “extremely unlikely” that Apple (NASDAQ:AAPL) will launch the 5G iPhones in September or October.
Ives sets a 10-15% probability for an iPhone launch in that window.
The analyst cites continuing supply chain issues and the fact that key iPhone engineers are locked down in California and unable to travel to China.
Wedbush maintains a Buy rating and $335 target, continuing to see 5G as a long-term tailwind.
SunTrust trims Alphabet (GOOG,GOOGL) from $1,600 to $1,350, citing a weaker ad environment that’s “likely to continue until a gradual recovery unfolds in 4Q20.”
Analyst Youssef Squali calls the coronavirus pandemic a “shock to the system” and notes the “murky” visibility into when a bounce back will occur.
SunTrust maintains a Buy rating on Alphabet, calling the company one of the safest platform bets for advertisers.
Related: Earlier this week, Facebook revealed that its ad business was weakening in the areas hardest hit by the coronavirus despite higher engagement rates.
Alphabet shares are down 0.2% pre-market to $1,100. The company has a Very Bullish average Sell Side rating.