RAJANT ANNOUNCES MICHAEL GRIFFIN, LISA PORTER, AND DANIEL VERWIEL AS STRATEGIC ADVISORS TO SUPPORT TECHNOLOGY AND MARKET DIRECTION

Former Leadership of US Dept of Defense Research & Engineering and Northrop Grumman Consulting on Future Opportunities

Malvern, Pennsylvania (USA), Oct. 13, 2020 (GLOBE NEWSWIRE) — Rajant Corporation, the provider of Kinetic Mesh® wireless networks, announces that Michael Griffin, Lisa Porter, and Daniel Verwiel will be strategic advisors and provide consultancy regarding Rajant’s future technology and market opportunities. Their backgrounds will enable them to impart a wealth of knowledge and experience from the civil, defense, and commercial sectors to inform research, development, and go-to-market direction for Rajant.

Earlier this year, Michael Griffin and Lisa Porter left their positions as the Under- and Deputy Under Secretary of Defense for Research and Engineering, where they shared responsibility for research, development, and prototyping activities within the Department of Defense. They are now the Co-Founders and Co-Presidents of LogiQ, Inc., a company providing high-end management, scientific, and technical consulting services. In a joint statement

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IBM’s Spinoff and Restructuring Plans Look Like Steps in the Right Direction

As a long-time critic of the company, I’ll be the first to say that IBM (IBM) still faces its share of competitive and secular pressures. But the planned spinoff of Big Blue’s managed IT infrastructure services business is encouraging news.

First, the managed infrastructure business — though said by IBM to have a $60 billion-plus backlog and more than twice the scale of its nearest rival — is clearly struggling. IBM’s “infrastructure & cloud services” revenue, which is reported within its Global Technology Services (GTS) segment, was down 7% annually in Q2, 6% in Q1 and 5% in Q4. And this is in spite of the fact that this revenue also covers the IBM Cloud public cloud services unit, which appears to be growing.

Secular headwinds — specifically, the adoption of cloud infrastructure platforms much larger than IBM’s, such as AWS and Microsoft Azure — are clearly a factor here.

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Market Seems To Be Seeking Direction As Quarter Winds Down

Key Takeaways:

  • Volatile trading could continue after choppy session Thursday
  • Costco earnings beat expectations, but stock loses ground
  • Washington stimulus hopes still ticking, but sides far apart

As the election nears, it feels like there’s been a change in market psychology, and a note of caution on stocks in general following the great summer run-up.

Though stocks fell in pre-market trading this morning, it doesn’t seem like there’s a real sense of direction. Things are just drifting around, waiting for something to happen. This week has featured lots of intraday volatility, and it’s hard to see that changing. It’s a jittery market to both the upside and downside, and investors should be on their toes.

Yesterday’s minor rally that lifted the battered Tech sector seems like a long time ago this morning, with stock index futures down across the board and volatility edging higher. The S&P

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