Vodafone Offloads India’s Indus Towers Stake To Trim $2.3B Debt
Vodafone plans to sell its $2.3B stake in Indus Towers next week to repay debt. Bank of America, Morgan Stanley, and BNP Paribas will handle the sale.
IBM Emerges Victorious In $1.6B Legal Battle: Report
IBM secures legal victory, saving $1.6 billion in damages awarded to BMC Software Inc. The U.S. 5th Circuit Court of Appeals rules in favor of IBM, citing lawful acquisition of AT&T's software account. Judges affirm IBM's good faith in the dispute, nullifying one of the largest-ever commercial judgments.
ASE Technology Falls Short Of Revenue Goals, Delivers Mixed Q1 Results
ASE Technology reported net revenue growth of 1.5% Y/Y and decline of 17.3% Q/Q. Gross margin increased and diluted EPS missed consensus. Stock up 44% in 12 months.
Rogers Comm’s Q1 Earnings Exceed Expectations Driven by Wireless Strength
Rogers Communications Inc reported strong Q1 2024 results, with revenue up 28% and EPS beating expectations. It also declared a quarterly dividend.
What’s Going On With Texas Instruments Shares Today?
Texas Instruments gains premarket after beating Q1 revenue estimates, despite a decrease in gross and operating profit.
Pay More for Chips Made Outside Taiwan as AI Demand Soars and Global Expansion Continues, Taiwan Semiconductor
Taiwan Semiconductor Manufacturing Co. adapts to geopolitical tensions and escalating production costs by increasing prices for chips manufactured beyond Taiwan's borders. This strategic shift supports TSMC's global expansion efforts and reflects the industry's response to diversifying semiconductor supplies, mitigating risks associated with China's territorial claims.