NexOptic Technology Corp (TSXV: NXO)
You’ll Never See The World The Same Way Again
Nokia (NOK +1%) is working with U.S. Cellular (USM -0.3%) to boost capacity in several markets that face additional network demands in the COVID-19 pandemic.
That’s in response to the FCC granting temporary authority to U.S. Cellular to use extra spectrum to increase capacity.
The temporary spectrum, licensed to Advantage Spectrum in the AWS-3 band, was integrated remotely on Nokia’s Airscale Radio Access Network, Nokia says – resulting in better capacity for 250 sites in parts of California, Oregon, Washington and Wisconsin.
Micron Waste (OTCPK:MICWF) has entered into a non-binding letter of intent to acquire all of the outstanding securities of COVID Technologies Inc.
Micron to diversify its business by adding COVID as an additional business unit to its current operations.
Micron will conduct a share consolidation and roll back its shares on 2:1 basis resulting in Micron having ~39.51M shares issued and outstanding.
In exchange for the shares of COVID, Micron will issue 16.5M post-consolidated common shares at a deemed price of $0.08/share and issue 16.5M share purchase warrants exercisable for a price of $0.10 for a 60-month period.
The founder and key employee of COVID will join Micron as a member of senior management upon completion of the transaction.
IBM (NYSE:IBM) -1% returns to its pattern of revenue misses in the March 31-ending period and beats on EPS. The company pulls its full-year outlook, citing the coronavirus pandemic.
Revenue breakdown: Global Technology Services, $6.5B (consensus: $6.52B); Cloud and Cognitive Software, $5.2B (consensus: $5.33B); Global Business Services, $4.1B (consensus: $3.93B); Systems, $1.4B (consensus: $1.41B).
Gross margin was % compared to the 45.9% estimate.
Total cloud revenue was up 23% (constant currency) to $5.4B.
The company ended the quarter with $12B in cash on hand and $64.3B in debt.
Earnings call starts at 5 PM with a webcast here.
Fandango is taking Walmart’s (WMT -0.3%) streaming service Vudu off its hands for an undisclosed sum.
As a part of the agreement, Vudu will continue to power Walmart’s digital movie and TV store. In addition, Walmart says Vudu customers will have uninterrupted access to their Vudu library and be able to use their Walmart login to make purchases on Vudu.
Looking ahead, Fandango is likely to merge its nascent movie streaming platform with the new property.
Comcast (NASDAQ:CMCSA) holds a 70% stake in Fandango.
Uber (UBER +2.2%) has won an $810M award from the federal government.
The General Services Administration announced this morning that it awarded the transportation services deal to Uber as of April 9.
Uber shares overall have marked a healthy rebound from pandemic lows and a solid start to 2020 before that; they’re down 19.3% over the past three months, but are up 89% over the past month.
