Oracle was found in favor over Google in a copyright case involving Java software patents by an Appeals court. The court case took 8 years. $GOOGL potentially could owe billions of dollars to $ORCL for using Java in its Android operating system.
Digital advertising placement firm Trade Desk reported better than expected fourth quarter earnings Thursday and raising guidance. $TTD shares soared 14% after hours with the market liking the agreements in China with Baidu $BIDU.
Huge earnings for technology companies this week. Cloud Titans earnings will be in focus with Microsoft $MSFT, Amazon $AMZN, Alphabet $GOOGL and Apple $AAPL all reporting.
Google and Tesla have told us that autonomous or self driving technology is ready and firms like UPS have put in orders for Tesla’s lorries. What’s the hold up? Making it legal, in 2018 we expect more states to jump on board.
Canadian communications company BlackBerry reported Q3 earnings Wednesday reflecting it’s enterprise software build out. Investors like the improved margins despite continuing revenue declines seeing shares up 12% premarket. Shares have risen 57% this year
American companies parking income offshore to avoid tax will be taxed at a rate of 15.5% for cash and cash equivalents in the new GOP tax plan posted Friday. This is up from President Trump’s initial 10%. After cutting taxes lawmakers had to source revenue elesewhere.
Streaming company Roku $ROKU shares began its first day trading Thursday after it’s successful initial public offering raised $220 million giving it a market valuation of $1.3 billion. Roku shares were priced at $14 each, the high end of an expected range of $12 to $14.
The week of the FANG, internet monsters Alphabet $GOOGL, formerly known as Google starts off on Monday, then Facebook $FB on Wednesday and Amazon.com $AMZN Thursday.