Peak Fintech Group Inc. (CSE:PKK)
Peak Positioning Technologies Inc. is focused on assembling, financing, and managing a portfolio of high-growing potential companies and assets in some of the fastest growing tech sectors in China.
“Several weeks ago, we discovered Pegatron (OTC:PGTRF) – one of Apple’s (NASDAQ:AAPL) suppliers in China – violated Apple’s Supplier Code of Conduct in its administration of a student work study program,” the company said in a statement. “The individuals at Pegatron responsible for the violations went to extraordinary lengths to evade our oversight mechanisms.”
“Apple has placed Pegatron on probation and Pegatron will not receive any new business from Apple until they complete all of the corrective actions required.” Pegatron’s shares closed down 2.1% in Taipei.
What happened? Pegatron misclassified student workers and falsified paperwork so they could work night shifts or overtime, and in some cases also breached the code by allowing students to perform work unrelated to their majors.
Pegatron is one of a handful of Taiwanese manufacturers who dominate Apple’s iPhone global supply chain, which has been the target of criticism by labor activists over the years.
“Pegatron’s current iPhone business should not be affected. However, it is likely that Pegatron will lose some orders for the Apple’s new handsets next year to Luxshare, which is poised to become a new iPhone assembler in 2021,” GF Securities analyst Jeff Pu declared.
Friedrich Trawöger, Head of Operate and Managed Services at Nokia, said: “As operators like A1 Austria diversify their portfolios with new services and business innovation to digitalize industries, Nokia is in place to deliver proven expertise in the deployment and operation of business-critical private network solutions. We have had significant success on a number of executed projects with A1 in Austria and this deal will further position both companies as leaders in the private LTE and 5G domain.”
Shares up 2.3% premarket.
Corsair Gaming (CRSR -3.5%) announces the acquisition of Gamer Sensei, the world’s biggest esports coaching platform. Gamer Sensei to become a subsidiary brand within CORSAIR, joining Elgato, SCUF Gaming, and ORIGIN PC.
Founded in 2016, Gamer Sensei connects gamers of all skill levels, from rookies to aspiring professionals, with experienced coaches.
Company says with addition of Gamer Sensei to the CORSAIR family, and recent partnership with Pipeline, they are now providing customers with the coaching and training they need to succeed, whether they’re gaming, streaming, or both.
Blucora (NASDAQ:BCOR): Q3 Non-GAAP EPS of $0.31 beats by $0.12; GAAP EPS of -$0.55 misses by $0.14.
Revenue of $175.4M (+17.7% Y/Y) beats by $1.83M.
Black Knight (NYSE:BKI): Q3 Non-GAAP EPS of $0.52 beats by $0.02; GAAP EPS of $0.82 beats by $0.51.
Revenue of $312.6M (+4.5% Y/Y) beats by $7.89M.