Avid Technology Announces Conference Call to Discuss Third Quarter 2020 Financial Results

BURLINGTON, Mass., Oct. 14, 2020 (GLOBE NEWSWIRE) — Avid ® ( NASDAQ: AVID ), a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Executive Vice President and Chief Financial Officer, will host a conference call on Wednesday, October 28, 2020, at 5:30 p.m. ET to discuss the company’s earnings for the third quarter of 2020, which will be published after the market close that day.

Conference call information:

  • Date & time: Wednesday, October 28, 2020, 5:30 p.m. EDT
  • Dial-in number: 323-289-6576
  • Confirmation code: 4778505
  • Webcast link (listen only) and presentation slides: http://ir.avid.com
  • Replay number: 719-457-0820, passcode: 4778505

A replay of the conference call and webcast will be available for a limited time by dialing the replay number above or by visiting Avid’s investor relations website at ir.avid.com.

About Avid
Avid delivers the most open and

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Smartphone apps processor revenue surges in quarter two

The global smartphone applications processor (AP) market once again defied the COVID-19 pandemic and grew 20% in revenue terms to $5.8 billion in quarter two (Q2) of 2020, according to Strategy Analytics’ Handset Component Technologies (HCT) service report.

The research group says that Qualcomm, HiSilicon, Apple, MediaTek, and Samsung LSI captured the top-five revenue share spots in the global smartphone applications processor (AP) market in the quarter. Qualcomm maintained its lead of the smartphone AP market with a 32% revenue share, followed by HiSilicon with 22% and Apple with 19%.

Strategy Analytics estimates that smartphone AP shipments declined 16 percent year-on-year in Q2 2020, driven by COVID-19-led weakness. However, increased mix of higher-priced 5G APs more than offset this weakness and helped the AP market to register 20 percent year-on-year revenue growth.

Smartphone APs with on-device artificial intelligence (AI) registered strong growth even as the total market declined and accounted

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IBM spins off a quarter of the company to focus on the cloud

IBM is spinning off a significant part of its business to focus on new opportunities in hybrid cloud growth, the company announced on Thursday.



a man wearing a suit and tie talking on a cell phone: NEW YORK, NY - JUNE 16: SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference on June 16, 2016 in New York City. (Photo by Brian Ach/Getty Images for Wired)


© Brian Ach/Getty Images for Wired
NEW YORK, NY – JUNE 16: SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference on June 16, 2016 in New York City. (Photo by Brian Ach/Getty Images for Wired)

The IT services unit of IBM’s Global Technology Services business will become a separate public company. It represents a major departure from IBM’s previous priorities and one of the boldest moves in the company’s more-than-a-century-long history.

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IBM’s managed infrastructure services business represented nearly a quarter of IBM’s revenue last year. But IBM believes its future lies in the hybrid cloud — a technical setup wherein companies may use multiple clouds in addition to their own on-premises servers. IBM’s platform gives

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MetLife to Hold Conference Call for Third Quarter 2020 Results

MetLife, Inc. (NYSE: MET) today announced that it will hold its third quarter 2020 earnings conference call and audio webcast on Thursday, November 5, 2020 from 9-10 a.m. (ET). The call will follow MetLife’s issuance of its third quarter 2020 earnings news release and Third Quarter 2020 Financial Supplement on Wednesday, November 4, 2020, after the market closes. The news release and Third Quarter 2020 Financial Supplement will also be available on the MetLife Investor Relations web page (https://investor.metlife.com).

The conference call will be available live via telephone and the internet. To listen via telephone, dial 844-291-6362 (U.S.) or 234-720-6995 (outside the U.S.). The participant access code is 2510803. To listen to the conference call via the internet, visit www.metlife.com through a link on the Investor Relations page. Those who want to listen to the call via telephone or the internet should dial in or go to the website at

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Horizon Technology Finance Provides Third Quarter 2020 Portfolio Update

– Originates $16.0 Million of New Loans –

– Positive Liquidity Events of $45 Million Demonstrate Earnings Strength of Portfolio –

FARMINGTON, Conn., Oct. 7, 2020 /PRNewswire/ — Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon,” “We,” “Our” or the “Company”), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today provided its portfolio update for the third quarter ended September 30, 2020.

“We successfully originated $16 million of loans, including to two new portfolio companies, despite the protracted economic and health challenges,” said Gerald A. Michaud, President of Horizon. “We remain committed to taking a selective investment approach by investing in companies that offer advanced and unique technological capabilities, have ample liquidity, and experienced and strong management and investors. In addition, $43 million of prepayment

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Quarter of employees at gaming firm Ubisoft report misconduct

A quarter of employees at the French video game giant Ubisoft have been victims of professional misconduct at work or were witnesses to it, according to a survey carried out by the group following allegations of sexual misconduct.

The creator of hit games including Assassin’s Creed and Far Cry launched a probe and announced the departure of its chief creative officer and other senior executives in July after claims about the group’s toxic work culture.

Chief executive and co-founder Yves Guillemot, who admitted earlier this year that the group had “fallen short”, said that 2,000 employees had participated in “listening sessions” and nearly 14,000 had responded to an anonymous survey.

The results showed that “roughly 25 percent have experienced or witnessed some form of workplace misconduct in the past two years, and that one in five do not feel fully respected or safe in the work environment”, said a statement

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Micron Technology: Good Quarter, Soft Outlook (NASDAQ:MU)

My coverage on Micron Technology (MU) has been lacking so far in 2020 as the year was and continues to be dominated by Covid-19. In fact, the last update dates back late December as I concluded that a recovery was priced into the shares at $55 at the time.

Shares have fallen by another $10 to $45 due to the impact of Covid-19; yet unlike many semiconductor plays, Micron has not been enjoying the same momentum in its operating business. I like the valuation here, yet am not chasing shares here yet, although I am inclined to buy a further dip.

What Happened?

Over the past decade, Micron has been riding the wave of increased demand for its products for all the obvious reasons and megatrends, which have been underlining the increase in demand. While its business is typically somewhat of a commodity business (certainly in the past) on a

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BGC Partners Updates its Outlook for the Third Quarter of 2020

NEW YORK, Sept. 30, 2020 /PRNewswire/ — BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners” or “BGC” or the “Company”), a leading global brokerage and financial technology company, today announced that it has updated its outlook for the quarter ending September 30, 2020.

Updated Outlook
Against a backdrop of lower industry volumes across rates, foreign exchange, and credit,1 BGC’s revenue and pre-tax Adjusted Earnings for the third quarter of 2020 are now expected to be between the mid-point and the low-end of the range of its previously stated outlook. The Company’s outlook was contained in BGC’s financial results press release issued on July 30, 2020, which can be found at https://ir.bgcpartners.com.

Non-GAAP Financial Measures
This document contains non-GAAP financial measures that differ from the most directly comparable measures calculated and presented in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”). Non-GAAP financial measures used

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Asia’s capital raising rush delivers record fees for banks in third quarter

HONG KONG (Reuters) – Asia’s equity capital markets generated a record pay day for investment bankers in the third quarter, bolstered by surging appetite for technology deals and a rush to list on China’s new STAR Market, Refinitiv data showed.

Asia Pacific, including Japan, saw bankers garner $3.6 billion in equity capital market (ECM) fees in July-September, up 145% from the same period a year earlier. The previous peak was $3.5 billion in the fourth quarter of 2009.

Bankers are also preparing to fatten their pay packets when Ant Group raises up to $35 billion in a dual listing in Hong Kong and Shanghai likely in October.

“Global capital markets are working. An enormous amount of money is available worldwide,” said Aaron Arth, head of the Asia ex-Japan financing group at Goldman Sachs. “All signs point to a steady desire and need for capital.”

Total equity market capital raised in

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Micron Technology, Inc. Reports Results for the Fourth Quarter and Full Year of Fiscal 2020

DRAM portfolio strengthened with 1z ramp; High-value NAND shipments reach record levels in FY20

BOISE, Idaho, Sept. 29, 2020 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced results for its fourth quarter and full year of fiscal 2020, which ended Sept. 3, 2020.

Fiscal Q4 2020 highlights

  • Revenue of $6.06 billion versus $5.44 billion for the prior quarter and $4.87 billion for the same period last year
  • GAAP net income of $988 million, or $0.87 per diluted share
  • Non-GAAP net income of $1.23 billion, or $1.08 per diluted share
  • Operating cash flow of $2.27 billion versus $2.02 billion for the prior quarter and $2.23 billion for the same period last year

Fiscal 2020 highlights

  • Revenue of $21.44 billion versus $23.41 billion for the prior year
  • GAAP net income of $2.69 billion, or $2.37 per diluted share
  • Non-GAAP net income of $3.24 billion, or $2.83 per diluted share
  • Operating
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