Technology Roundup – Alphabet executive pay plan opposed by ISS, Nokia joins Open RAN policy group

科技精选——股东ISS反对Alphabet的高管薪酬方案,诺基亚加入Open RAN政策联盟
Published on: May 22, 2020
Author: Amy Liu

Alphabet executive pay plan opposed by ISS – Reuters

Proxy adviser ISS has recommended Alphabet (GOOG, GOOGL) shareholders vote “against” the company’s proposed executive pay at its annual meeting next month, Reuters reports.

“The compensation committee has demonstrated poor stewardship of pay programs as evidenced by recurring concerns of outsized awards that are not sufficiently performance-based,” ISS reportedly says.

ISS also recommends shareholders withhold support for four directors – John Doerr, Alan Mulally, Ram Shiram and Robin Washington.

Nokia joins Open RAN policy group

Nokia (NOK +1.7%) has joined the Open RAN Policy Coalition, signaling a commitment to collaborative development of secure mobile radio technologies.

That move includes support for research and development in open networks.

Nokia has been working within the O-RAN Alliance and co-chairs the workgroups defining the Open Fronthaul Interface and the Near Real-time RAN Intelligent Controller, which will help automate and optimize the network.

Dell suspends employee benefits to preserve cash

Dell Technologies (NYSE:DELL) is off 5.5% today after the company suspended some employee benefits among moves to preserve cash in the recession.

It will discontinue matching contributions to employees’ 401(k) retirement plans starting June 1, and continuing at least through the end of the fiscal year.

It’s also freezing external hiring, internal promotions and raises for that duration, Bloomberg reports, as well as an internal commendation reward system.

“Like all companies right now, we’re constantly evaluating our business to plan for resiliency in the current environment and to support our team members, customers, and community in a way that sets us all up for success on the other side of this pandemic,” Dell says in response.

Twilio to power NYC COVID-19 contact tracing; shares +4.1%

Twilio (NYSE:TWLO) is up 4.1% premarket after news that it will power New York City’s contact tracing initiative, it says.

The company will deploy a cloud-based contact center on Twilio Flex and use Twilio SMS and Voice as key parts of New York City’s COVID-19 tracing program, via the city’s Department of Information Technology & Telecommunications.

The city plans to hire thousands of contact tracers in the coming months to support reopening plans; an omnichannel contact center built on Twilio Flex can allow tracers to call, message or email patients, survey their symptoms and identify their close contacts.

Roku cut at Stephens on concerns over TCL partnership

Roku (NASDAQ:ROKU) -2.7% pre-market after Stephens downgrades shares to Equal Weight from Overweight with a $105 price target, slashed from $155, citing concerns about its partnership with Chinese electronics maker TCL.

“The agreement has clearly been mutually beneficial from a market share perspective, but we believe ROKU has benefited tremendously from TCL’s heavy lifting,” analyst Kyle Evans writes, adding that he is concerned with “the duration/magnitude of what we believe is ROKU over-earning vs. its most important partner.”

Evans also is concerned by the slow pace of ROKU’s international expansion and “creeping expectations” for ad platform OneView.

ROKU’s average Wall Street analyst rating and Seeking Alpha Authors’ Rating are both Bullish, while its Quant Rating is neutral.