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Floyd Mayweather, DJ Khaled settle SEC charges over illegal endorsement of cryptocurrency ICOs

Boxer Floyd Mayweather and Khaled “DJ” Khaled, a music producer, have settled charges issued by the US Securities and Exchange Commission (SEC) in connection to the promotion of Initial Coin Offerings (ICOs). On Thursday, the US financial regulator said the pair have settled these charges, which relate to the failure to disclose payments made in return for the promotion of… Read more →

China tech giants to fight for $53B SEA e-commerce market

Southeast Asia’s e-commerce market is estimated to be worth US$53 billion by 2023 and is emerging as a hot battleground amongst China’s tech giants, which have been investing aggressively to establish their footprint in the region. Fuelled by growing smartphone adoption and local economies, Southeast Asia would grow at a compound annual growth rate (CAGR) of 23 percent over the… Read more →

US Senate computers will use disk encryption

The US Senate will enable disk encryption on all Senate computers as a basic security measure that will make it harder for spies or criminals to extract sensitive data from stolen Senate staff PCs or hard drives. The decision was taken last month by the Senate Committee on Rules and Administration, which instructed the Senate Sergeant at Arms (SAA) to… Read more →

Dell Q3 revenue surges as servers, networking show strength

Dell Technologies said its third quarter revenue was up 15 percent to $22.5 billion as it saw strength in both its infrastructure and PC units. The company reported non-GAAP operating income in the third quarter of $2.1 billion. GAAP operating loss was $356 million. Dell said its infrastructure group had revenue of $8.9 billon, up 19 percent. Storage sales were… Read more →

VMware Q3 tops estimates as revenue hits $2.2 billion

VMware delivered strong third quarter financial results Thursday that beat market expectations. The virtualization giant reported a net income of $334 million, or $1.07 per share. The income includes a loss of $161 million from VMware’s investment in Pivotal Software, the company said. Non-GAAP earnings were $1.56 per share on revenue of $2.2 billion, up 14 percent year over year…. Read more →

Palo Alto Networks to launch next-gen firewall for 5G networks

Palo Alto Networks is planning to launch a next-generation firewall for 5G networks launching in February. The move was disclosed by Palo Alto Networks CEO Nikesh Arora on the company’s fiscal first quarter earnings conference call. He said: We’re excited to announce a new product for our service provider partners, an area we plan to focus on and invest in… Read more →

HP shows strong Q4 sales with in line earnings

HP delivered better-than-expected fourth quarter sales with in line earnings. The company reported fourth quarter net income of $1.5 billion, or 91 cents a share, on revenue of $15.4 billion, up 10 percent from a year ago. Non-GAAP earnings for the fourth quarter were 54 cents a share. Wall Street was looking for fiscal fourth quarter non-GAAP earnings of 54… Read more →