SAP-owned Qualtrics International Inc, a seller of surveying software has filed for a U.S. initial public offering of up to $100 million. Tech stocks have largely outperformed the broader market this year. SAP had acquired Qualtrics two years ago for $8 billion. According to a regulatory filing the IPO will have two classes of common…
In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…
Reviewing the ID.3, Volkswagen’s new electric car offering, Germany’s Auto Motor und Sport said, it falls short of the carmaker’s usual standards of fit and finish; also it had a limited operating range. The review comes ahead of the launch of the ID.3 “The inner side of the hood looks like it was painted with…
France will allow Huawei to bid for building its 5G network. In a significant development, French Finance Minister Bruno Le Maire disclosed, France will not rule out specific operators for establishing its 5G telecoms network and that participation of the players will be based on security and performance of networks. The comments come in the…
As per SQN Investors, the slow pace of innovation at Yelp has enabled its peers to narrow its lead. Further, in the last several quarters, Yelp’s performance was dismal with revenue expansion dipping below 2%. SQN Investors LP, a hedge fund which has built a substantial holding in Yelp, has called for an overhaul of…
Investor appetite in Hong Kong for Xiaomi’s stock is low due to a range of reasons which include overall market sentiments, Xiaomi’s valuation of the stock in comparison to its peers, and the fact that investors see it as a hardware firm as opposed to a hardware and internet services firm. Shares of Chinese smartphone…
The profit guideline, for the fourth quarter, by the Britain-based IT services firm beat analysts’ expectation despite being hurt by weaknesses in the domestic market because of Brexit. On Monday, Computacenter Plc, an IT services firm, stated that its adjusted pretax results are likely to beat analysts’ expectations. This latest raising of its earning guidance…
While Mellanox clocked 19% to 30% in revenues in 2014 to 2016, its current revenue target is 0.5%. Starboard Value LP, an ativist hedge fund has begun a proxy fight for control of Mellanox Technologies Ltd, an Israeli chipmaker, which it said is deeply undervalued. Starboard, holding a 10.7% stake – the largest shareholder of…
business-gurus.com 