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500.com Limited Announces Acquisition of BTC.com Businesses500.com Limited Announces Acquisition of BTC.com Businesses today announced that it has entered into a share exchange agreement with Blockchain Alliance Technologies Holding Company, pursuant to which to Company has agreed to issue an aggregate of 44,353,435 Class A ordinary shares of par value US$0.00005 per share of the Company (the "Class A Ordinary Shares") to Blockchain Alliance at the first closing, which shares represent approximately 10% of the Company's outstanding shares as of January 31, 2021, in exchange for the entire outstanding share capital of Blockchain Alliance Technologies Limited held by Blockchain Alliance after the reorganization. The first closing of the transactions contemplated by the Share Exchange Agreement (the "Transactions") is subject to certain closing conditions, which include, among others, the transfer to the Company of the entire mining pool business of Bitdeer Technologies Holding Company ("BitDeer") operated under BTC.com, including the domain name BTC.com and the cryptocurrency wallet of BTC.com (collectively, the "BTC.com Pool Businesses"). The first closing is expected to occur on or before April 15, 2021. finance.yahoo.com
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by AlenCiken
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$CAN Announced all time high purchased bitcoin mining machinesCanaan Announces Improved Revenue Visibility in 2021 today announced that its revenue visibility has improved substantially in 2021 as a result of attaining purchase orders totaling more than 100,000 units of bitcoin mining machines from customers in North America. Many of those purchase orders were placed with prepayment and will likely occupy the Company’s current manufacturing capacity entirely for the full year of 2021 and beyond. With those fully committed purchase orders, the Company now enjoys a much higher degree of revenue visibility and more precise forecast. As such, the Company is able to leverage such information and additional liquidity to conduct its component purchases, production scheduling, warehousing and logistics. In late 2020, we shifted our client base to mostly publicly traded companies and bitcoin-focused investment funds which tend to place sizable orders with longer-term commitment. As a result, we can now forecast our revenue much more precisely. This development from Canaan isn't a total surprise. After all, the price of Bitcoin has risen dramatically in recent months, and that attracts more miners to the pool. When more miners join the Bitcoin blockchain network, it adds to the hashrate. According to Blockchain.com, the total hashrate for Bitcoin has spiked to all-time highs in recent days. finance.yahoo.com www.fool.com
NASDAQ:CAN
by AlenCiken
$SCKT launches first enterprise-grade scanners for Apple iPhoneSocket Mobile launches first enterprise-grade scanners for Apple iPhone 12 series Socket Mobile is excited to announce the arrival of the DuraSled™, the first enterprise-grade barcode scanner for the iPhone 12, iPhone 12 Pro, iPhone 12 Pro Max and iPhone 12 Mini. With the sleek, high-performance DuraSled, users of all Apple iPhone 12 series devices can access professional-grade scanning solutions. An ever-increasing number of companies count on iPhone applications to run their businesses. finance.yahoo.com
NASDAQ:SCKT
by AlenCiken
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$FTFT Enter Into Cooperation Agreement to Use Blockchain TechFuture FinTech and China Foundation of Consumer Protection Enter Into Cooperation Agreement to Use Blockchain Technology Against Counterfeit Products. The "Responsible Brand Plan" will be officially launched in March 2021 and operated by the "Quality and Safety Office" of the Anti-Counterfeiting Committee of China Foundation of Consumer Protection. The Responsible Brand Plan will make full use of the real name based blockchain anti-counterfeiting tracing technology developed by CCM, which will not only protect the legitimate rights and interests of the enterprises and their brands, but also impose responsibility for their product's quality and safety." finance.yahoo.com
NASDAQ:FTFT
by AlenCiken
Why $BRQS Skyrocketed in 2021Why $BRQS Skyrocketed in 2021 There does not appear to be any direct news from the company. But it seems like that there was some coordination by day traders on social media. $BRQS shares were buoyed — thanks to discussions and speculation on Twitter and Twitter hashtags at the start of the month.. Chinese 5G/Ev/blockchain Just before Christmas last year, the company announced that it would be reducing its debt by $18 million and eliminating institutional loans. Also in December 2020, the company signed an agreement to build a 5G industrial park in China. The other positive factor for the $BRQS is the surging price of bitcoin-blockchain technology. investorplace.com twitter.com
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by AlenCiken
Teradata Soars on Strong Earnings and Demand for CloudTeradata Soars on Strong Earnings and Demand for Cloud Shares soared Friday after the data-analytics company reported stronger-than-expected fourth-quarter earnings (triple-digit cloud growth), benefiting from corporate demand for enterprise software and cloud services. Annual recurring revenue (ARR) increased 11% from the prior year period(1) Public cloud ARR increased to $106 million, a 165% increase from the end of 2019(1) Fourth-quarter recurring revenue of $383 million versus $350 million, an increase of 9% reported and 8% in constant currency , and exceeded the Company’s guidance of $371 million to $373 million(1) Fourth-quarter earnings per diluted share (EPS), cash from operations and free cash flow(2) exceeded the Company’s expectations finance.yahoo.com
NYSE:TDC
by AlenCiken
LIZHI INC. Issues Letter to ShareholdersLIZHI INC. Issues Letter to Shareholders Tiya, our audio-based social product, soared to rank among the top 4 social networking apps in the U.S. Within a few months of Tiya’s launch worldwide, it has been ranked among the top 10 social networking apps in about 50 countries worldwide. Currently, Tiya has users in over 200 countries. We believe that online social networking through audio will become a dominant method of social networking in the future. we further developed LIZHI’s corporate value, while elevating our talent training initiatives, including forming collaborations with universities to cultivate talents specializing in AI technology. Moreover, we launched an "Innovation Training Camp" internally to equip our employees with innovative thinking in tandem with scientific methods. We also continued to invest in our management team with a lot of resources and systematic training to enhance management skills. we launched a new mobile app, LIZHI Podcast (also named LIZHI BOKE in Chinese), in January 2021, to provide our users with a more compelling podcast experience.
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by AlenCiken
Payoneer to Become Publicly Traded Company Through FTACPayoneer to Become Publicly Traded Company Through Combination With FTAC Olympus Acquisition Corporation Payoneer processed more than $44 billion in volume in over 7,000 trade corridors in 2020 Transaction assigns Payoneer $3.3 billion pro-forma implied enterprise value upon , representing a 7.6x multiple of 2021 expected revenue of $432 million. The cash component of the purchase price to be paid to the equity holders of Payoneer is expected to be funded by FTOC's cash in trust (minus any redemptions by FTOC's existing public stockholders). Includes commitments for $300 million PIPE from investor group including existing investor Wellington Management, as well as Dragoneer Investment Group, Fidelity Management & Research Company LLC, Franklin Templeton, certain funds managed by Millennium Management, funds and accounts advised by T. Rowe Price Associates, Inc., and Winslow Capital Management, LLC Following the Reorganization, the Company is expected to have up to $563 million in cash, offering significant capital flexibility for continued organic and inorganic growth. Existing Payoneer equity holders have the potential to receive an earnout of additional shares of common stock if certain stock price targets are met as set forth in the reorganization agreement, and they will remain the largest investors by rolling over significant equity into the Company. The transaction is expected to close during the first half of 2021. finance.yahoo.com
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by AlenCiken
Globalstar Signs Agreement With Ceres TagGlobalstar Signs Agreement With Ceres Tag, the World’s Only Direct to Satellite Livestock Smart Ear Tag GSAT has signed a commercial agreement with Ceres Tag, to supply satellite services to the livestock industry through the world’s first and only smart ear tag for traceability provenance, biosecurity, health, animal welfare, production improvement and theft reduction. This agreement follows Ceres Tag’s recent success in winning the SVG Ventures THRIVE Challenge and their ear tag being named as the #1 Big Breakthrough Technology for Ag Change in the Next Decade by the AgJournal of Weekend Australian. Ceres Tag will launch May 1, 2021 at the Beef Australia Exhibition in Rockhampton Queensland Australia and will be available for purchase from their online ecommerce website for delivery worldwide. Initial market focus will be Australia/New Zealand and North America. finance.yahoo.com SPOT Partners With Battlbox to Drive Awareness of Winter Safety As part of the partnership, Battlbox Pro Box subscribers will receive a SPOT Gen4, the next generation of the SPOT Satellite GPS Messenger™, with up to 6 months of service. finance.yahoo.com
AMEX:GSAT
by AlenCiken
Achronix to List on Nasdaq Through Merger With ACE ConvergenceAchronix is the only independent supplier of high-performance FPGAs and eFPGA IP based data acceleration solutions used in high-growth applications including AI, cloud computing, 5G, networking and automotive driver assistance Highly differentiated financial profile with estimated 2020 revenues of approximately $105 million, 79% gross margins and 35% operating margins with migration to next-generation products driving an estimated revenue CAGR of 20% to 25% from 2020 to 2025 Business combination with ACE Convergence Acquisition Corp. (Nasdaq: ACEV) positions Achronix to capitalize on non-cancellable backlog in excess of $160 million and over $1.1 billion in identified pipeline opportunities driven by Speedster® and Speedcore™ products Approximately $2.1 billion estimated post-transaction equity value based on current assumptions with up to $330 million in gross cash proceeds to the company, assuming minimal redemptions Oversubscribed $150 million fully committed common stock concurrent PIPE financing at $10.00 per share anchored by ACE Equity Partners LLC, funds and accounts managed by BlackRock and Hedosophia; and with participation from other institutional investors Achronix expected to be listed on Nasdaq under the ticker symbol "ACHX" following an anticipated transaction close by the end of the first half of 2021 Customer validation of Achronix’s products is substantiated by nearly $240 million in orders received in 2020 . Achronix’s new Speedster7t and Speedcore products, built on leading-edge process technology, have contributed to a design pipeline value in excess of $1.1 billion and are expected to drive Achronix’s future growth. "The next era of growth and opportunity is in the trillions of connected devices providing compute-intensive intelligence, all fueled by network connectivity and 5G," finance.yahoo.com
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by AlenCiken
Potential REVERSAL in JMIAHey all, JMIA shows sign of reversal to the UPSIDE. At least the Bullish BAT Pattern and the recent price actions suggest it. Why this can be a good pattern? Well, because: 1. Pattern has a very tight PRZ. The range of the zone is only 30 cents wide. 2. The PRZ is right above 200 MA which is very strong support. 3. Pattern completion is not premature and pattern symmetry is around 0.8 4. The price goes sideways for a while. The volume is also very low. This means that bears are out of breath and they are ready to leave the scene to bulls. Okay! These are all good things. How about some negatives: 1. The dollar is strong and still wants to go upwards. The DXY wants to test 95 or even higher to me. So, this adds a little doubt to the analysis. On the other hand, this whole time while the dollar gained strength, JMIA didn't sell off aggressively like other tech stocks which is good. 2. The pattern starting points is controversial. This is my biggest concern. I tried to draw this pattern in a few different ways and I think this is the one that makes the most sense. Although there are other possibilities, all the valid patterns suggest a similar PRICE REVERSAL ZONE. Therefore, I don't think that the analysis can be way off. I am honestly expecting another week of a strong dollar, but I don't expect a long term strong dollar. It is against the policy of the FED and the U.S. government. Therefore, if there is a reversal, I expect it to be a strong reversal. I marked potential profit-taking levels. Make your own decision. I appreciate constructive feedback! Have a great weekend!
NYSE:JMIALong
by TableLamp
1
Completes Sale of Cimatron and GibbsCAM Businesses3D Systems Completes Sale of Cimatron and GibbsCAM Businesses and Provides Preliminary Financial Results for Fourth Quarter 2020 - Announces Date of Fourth Quarter and Full Year 2020 Financial Results - Close of sale of non-core software businesses for cash proceeds of approximately $64 million - Repayment of all debt outstanding under senior secured term loan. With the paydown of the term loan, the company is now free of any outstanding debt but continues to have availability under its senior secured revolving credit facility, which remains fully undrawn at this point. - Official termination of ‘At-the-Market’ Equity Offering Program - Strong Q4 preliminary financial performance with expected revenues between $170 million and $176 million - Expected revenue reflects strong organic growth exceeding 20% in both Healthcare and Industrial business units on a consecutive quarter basis. Essentially debt-free now, and free to focus on its two core 3D printer making businesses (industrial and healthcare), the company also noted that in addition to the better-than-expected sales, it is likely to report anywhere from $11 million to $19 million in pro forma profit for Q4. Generally accepted accounting principles (GAAP) results could still be as bad as an $8.6 million loss, but there's at least the possibility that 3D will eke out a GAAP profit of as much as $0.5 million this quarter. finance.yahoo.com
NYSE:DDD
by AlenCiken
Anderson from Colliers reiterated a buy ratingAnalyst Charles Anderson from Colliers reiterated a buy rating on the stock while increasing its price target from $13 to $15. Anderson is bullish on the company's prospects related to Sony's PlayStation 5, which incorporates Immersion's haptics technology in the new DualSense wireless controller. One of the notable additions to the newest generation of the game console is the inclusion of adaptive triggers in the controller, which facilitate a new level of haptic feedback for players. Anderson has been using the DualSense controller and called it a "breakthrough" for Immersion to score such a high-profile design win in a mass-market application. Demand for the PS5 has been off the charts, with units flying off digital shelves within minutes of retailers getting additional inventory after launching last month. "Immersion collects a royalty from each controller and we expect more than one controller will ship per console over time to support multiplayer gaming and to replace worn-out controllers," "The DualSense controllers are already available at retail ahead of the PlayStation 5 console launch." Anderson believes that Immersion will be able to expand into other markets with its haptics technology offerings, and that the company has finally created an "efficient and predictable operating model." www.fool.com The analyst also notes that Immersion's fundamentals are becoming more predictable with 80% of revenue coming from per unit royalties, double the amount from four years ago. seekingalpha.com
NASDAQ:IMMR
by AlenCiken
Long on ALibaba..... Possible Swing Trade (might reach 230) Price has been in an uptrend Price has retraced and respected the 38.2 fib creating a double bottom and possibly completing the right shoudler of a H&S Pattern price has also found support/respected the lower trend line........ Price also found support at the 20 MA average (NOT SHOWN ON HERE) This stock is overall bullish, but some negative light has been shed around one of the executives, but I don't think it will have a huge negative affect on the "value" of stock price. Could be a possible swing trade.... Earnigs are scheduled for MAY 13
NYSE:BABALong
by NoCeilingsTrading
SHORT NVIDIA TO THE GROUND!Huge position trade available soon, I do not know exactly where, I will probably miss it. When the crypto ponzi goes down and mining is not profitable anymore (soon) the NVIDIA bubble will go down with it. That crazy rise is going to be over. This is too much. Oh and the major MONTHLY bearish divergence is not in favor of the bulls. Riiiip. Zooming in might help finding the top with decent precision. (This is in the long term - several months, not saying it goes down tomorrow)
NASDAQ:NVDAShort
by MrRenev