Dell Technologies didn’t stop on selling RSA and plans to get rid of Bloomi and single out VMware in a separate structure. The first operation can bring $3 billion and the second one - $9.3-$9.7 billion. Dell stock price grew by 6.71%.
Tag: IT industry
Alibaba Group was obliged to pay the biggest corporate fine in the history of China for $2.8 billion for violating the anti-trust law. In this light, Alibaba shares showed an 8% growth. Chinese authorities tighten control over operations of IT companies.
Amazon’s advertising business has been on the rise with every passing year. In 2020, the company’s commercial advertising revenue added 52.5%, while its market shares increased up to 10.3 %. eMarketer experts say that the corporation wins new market positions from Google and other smaller companies.
Alphabet, the parent company of Google, won over Oracle in court. The arguement started in 2010. The shares of Google and Oracle reacted positively. The plaintiff wanted $9 billion of compensation. The Supreme Court of the USA claimed Alphabet innocent.
Adobe Systems' quarterly report exceeded the expectations of experts. The company boasted record profits and voiced ambitious plans for the current quarter and financial year. However, its shares dropped by 2% after the report.
The last two trading sessions made Microsoft shares grow by 3.14%. The growth was provoked by the news that the company might buy Discord, a messenger popular among gamers. The alleged cost is 10 billion USD.
Oracle reported the results of Q3 of financial 2021: the revenue rose by 2.95%, the income – by 95%. The statistics were beyond Wall-Street expectations, unlike the forecasts for the current quarter. As a result, the shares dropped by 6.53%.