Wednesday, 9 August 2017

What to know about Guam, the US territory targeted by North Korea

North Korea's state-run media reported the country is "carefully examining" plans to attack the U.S. territory of Guam on Wednesday. The plans include using medium- to long-range ballistic missiles.
The threat is unsurprising for the more than 160,000 people who live on the small island, roughly the size of Chicago, in the western Pacific Ocean. Guam is the largest and most southern island in the Mariana island chain. Part of Micronesia, Guam lies about 3,800 miles west of Honolulu, Hawaii. Dededo is the most populous village on the island. Dell Contact Number The indigenous people are referred to as Chamorros and are considered U.S. citizens by birth. However, residents of the colony do not pay U.S. income taxes or vote for president. In addition to having their own popularly elected governor and a small legislature, Guam sends a non-voting delegate to the U.S. House of Representatives. In the 1980s, the residents of Guam wanted to become a commonwealth on par with Puerto Rico, but their efforts failed.
The island was claimed by the Spanish in 1565 and became a U.S. territory in 1898, after the Spanish-American war. Japanese forces briefly occupied the island from 1941 to 1944, but the United States recovered it in 1944. In 1950, the island became Dell Helpline an unincorporated territory of the United States.

Guam is home to several bases for U.S. armed forces, including the Navy, Air Force and Coast Guard. A defense system is already in place, -- the U.S. Army's Terminal High Altitude Area Defense, or THAAD -- which protects the island by shooting down ballistic missiles. It is the closest U.S. territory to North Korea.

Tuesday, 8 August 2017

Oracle Stock Hits Record on Earnings Beat

Oracle Corporation (ticker: ORCL) stock was flying higher by 9 percent on Thursday after the company reported impressive fiscal fourth quarter growth in its cloud services divisions. Oracle reported earnings and revenue beats for the quarter, but Wall Street's focus is on whether strength in the company's cloud services business is cyclical or secular. Oracle reported non-GAAP earnings per share of 89 cents on revenue of $10.9 billion, topping consensus analyst estimates of 78 cents and $10.45 billion, respectively. Non-GAAP EPS was up Dell Helpline Number 10 percent from a year ago, and the company said it expects earnings growth to accelerate in fiscal 2018. The cloud is the ticket to the future for many former hardware providers like Oracle. A day after impressive cloud computing growth sent Adobe Systems (ADBE) stock to new all-time highs, Oracle reported 58.4 percent growth in total cloud revenue. Revenue from Oracle's hardware business declined 13.2 percent in the quarter.
"In the coming year, I expect more of our big customers to migrate their Oracle databases and database applications to the Oracle Cloud," CTO Larry Ellison says. Ellison also said Oracle "sold more than $2 billion in cloud annually recurring revenue" in the quarter. The big question for long-term investors is whether Oracle's strong quarter is a sign of long-term growth ahead or simply a short-term phenomenon.

Edward Jones analyst Josh Olson says Oracle seems to have entered a new era. "After several years of struggling to find its footing in cloud, Oracle seems to have turned the corner and heads into its fiscal 2018 with significant momentum," Olson says. Deutsche Bank analyst Karl Keirstead says Oracle still has a lot to prove. "If what we're seeing is partly an [Enterprise License Agreement] renewal flush given pent-up demand, this could be temporary, and for the on-premise vendors, we need to be cautious about extrapolating too linearly from recent results," Keirstead says.

Morgan Stanley analyst Keith Weiss says it will be difficult for Oracle to deliver double-digit earnings growth in 2018. "More moderate declines in license revenues and a sequential rebound in support revenues raises our revenue forecast for FY18 to 3.2 percent growth, however, we still find the full-year double-digit EPS growth target to be aggressive," Weiss says.

WannaCry hero heads into Tuesday hearing as the security community crowdfunds his defense

Over the weekend, the security community raised legal funds for Marcus Hutchins, the researcher famed for stopping the spread of the malware known as WannaCry. Hutchins, also known as MalwareTech, was arrested by the FBI last week for his alleged role in disseminating Kronos, a banking trojan that first wrought havoc in 2014. With a hearing set for Tuesday in Wisconsin, Hutchins’ many supporters have rallied to donate toward covering his legal costs. The fund was set up by Symantec Cybersecurity Czar Tarah Wheeler and the tech law firm of Tor Ekeland. “While we as a community do not know all the details about the charges against [Marcus Hutchins] (since few details have been published at this time), we acknowledge that all people have a right to legal defense and counsel in the United States when accused of a crime,” Wheeler wrote in a message that accompanies the donation page.

According to Ekeland, the LawPay-hosted fund was created as an alternative to GoFundMe. While the donation page was so popular that it crashed at one point, Hutchins’ supporters are working on a full accounting of donations.

“This was put together quickly over the weekend by our staff after Gofundme refused to handle the [legal defense fund] and we stepped in at the last minute,” Ekeland told TechCrunch. “It’s gotten a nice response, lots of people are donating, we just haven’t had a chance to go through it all.”
TechCrunch has reached out to GoFundMe for comment on its refusal to host Hutchins’ defense fund.
Hutchins faces an array of charges that include creating the Kronos code — sure to be legally murky territory — and offering it for sale on AlphaBay, the illicit online market shut down in a major bust last month. The young researcher pled not guilty to the charges in a Las Vegas court on Friday and is set to appear tomorrow in Wisconsin, the state where the charges were filed.
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Friday, 4 August 2017

U.S. Officially Tells U.N. It Wants out of Paris Climate Deal

WASHINGTON — The Trump administration on Friday officially told the United Nations that the U.S. intends to pull out of the 2015 Paris climate pact.But the State Department's announcement doesn't formally start the process of the U.S. getting out of the voluntary agreement. That's still to come. Still, the department described its communication as a "strong message" to the world, following President Donald Trump's decision in June to leave the accord. "The State Department is telling that U.N. what the president already told the world on June 1 and it has no legal effect," said Nigel Purvis, who directed U.S. climate diplomacy during the Bill Clinton and George W. Bush administrations. Purvis said countries can't withdraw from new international agreements, including the Paris climate one, until three years after they go into effect. The Paris agreement went into effect on Nov. 4, 2016. Then the process takes a year.The State Department cited the same timeline, saying it can officially start withdrawing as soon as November 2019. That means the earliest the U.S. can be out of the climate agreement is Nov. 4, 2020 — the day after the next presidential election.
In a statement, the State Department said the U.S. will continue to participate in international meetings and negotiations on current and future climate change deals. The next meeting is in Bonn, Germany, in November.Trump is "open to re-engaging in the Paris Agreement if the United States can identify terms that are more favorable to it, its business, its workers, its people and its taxpayers," the department said.Under the agreement, countries set their own national plans for cutting climate emissions. That means Trump can come up with different targets for the United States than those set by President Barack Obama. But Trump can't unilaterally change the text of the Paris deal.

Related: What It Means That Trump Is Leaving the Paris Climate Agreement

U.N. spokesman Stephane Dujarric confirmed that Secretary-General Antonio Guterres received "a communication" from U.S. Ambassador Nikki Haley "expressing the intention of the United States to exercise its right to withdraw from the Paris Agreement, as soon as it is eligible to do so under the Agreement, unless it identifies suitable terms for reengagement." "The secretary-general welcomes any effort to re-engage in the Paris Agreement by the United States," he said.
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Wednesday, 2 August 2017

Tesla posts steep loss but beats expectations

Tesla posted another big loss for the second quarter as it stepped up spending for the launch of its first mass-market long-range electric car.But as massive as the loss of $336 million, or $2.04 a share, reported Wednesday might appear, it came in lower than analysts had expected. S&P Global Market Intelligence said analysts had projected the loss would come in at $437 million, or $2.38 a share. The loss was up 1.8% from $330 million in the same quarter a year ago.Investors are encouraged that Tesla appears to be on track to eventually cash in on its $35,000 Model 3 electric car, which joins two luxury models costing at least twice as much. Despite the high rate of spending, investors drove Tesla shares up 7.6% in after-hours trading to $356.52. The company recorded revenue of $2.8 billion, also outpacing S&P projections of $2.5 billion. "I really think this is probably the best I’ve ever felt about the company," CEO Elon Musk said on a conference call, calling it "an incredible milestone" and saying he was thrilled with early positive reviews and orders for the Model 3.Musk and Chief Financial Officer Deepak Ahuja warned in a letter to investors that Model 3 production "will be tiny" in the third quarter, underscoring the gradual start in manufacturing capacity for the mass-market vehicle.
But the company said it's receiving 1,800 net new reservations per day for the car. Musk said the company had accumulated 455,000 net reservations over the last year and a half, below the 500,000 he had estimated off-hand during a media event Friday. The company handed the first 30 units of the Model 3 to employee buyers at Friday's gathering. After Tesla acknowledged poor production quality on early versions of the ultra-luxury Model X crossover, investors are watching closely to see how quickly the company can begin making the Model 3 at scale.

Tesla expects to make 1,500 Model 3 units in total during the third quarter and end the year at a pace of 5,000 per week. Production will reach 10,000 per week by the end of 2018, Musk said. "People should have absolutely zero concern about" that objective, Musk said. Still, the car won't be available to non-employee buyers who ordered it in early 2016 until the last three months of this year. And anyone who places a refundable deposit for the Model 3 today won't get it for 12 to 18 months, the company has said. "We wish we could do all of this faster and get everyone’s Model 3 to them right away," Musk and Ahuja said in their letter, but they emphasized the need for quality as the company's Fremont, Calif. factory slowly gears up.

To speed up manufacturing, the company said it "significantly" reduced complexity on the Model 3, which is available in only 100 different configurations, compared to more than 1,500 for the Model S sedan. "We aspire to learn from the mistakes of the past and I think we largely have," Musk said.

In the second quarter, Tesla delivered 22,026 vehicles, up nearly 53% from a year earlier despite a shortfall in certain battery packs during the period. The company projected growth in sales in the second half of the year. Musk also said the company would triple the number of charging stations meant for intercity travel, called "superchargers," by the end of 2018 and claimed the company's sales per square foot in its stores are the highest in the retail industry.

Tuesday, 1 August 2017

ORCL Stock: Cloud Revenue Could Double in 2 Years

Oracle Corp. (ticker: ORCL) stock jumped 9 percent last month to new all-time highs after the company reported yet another quarter of impressive growth in cloud services revenue. On Tuesday, KeyBanc analyst Monika Garg upgraded Oracle to “overweight” and says the company still has a tremendous growth opportunity ahead for its cloud division. “We consider 2017 to be the milestone year for Oracle as the cloud business reaches critical mass scaling above a $5.6B annualized run rate, or roughly 13 percent of total sales,” Garg writes.Still, $5.6 billion may be just the tip of the cloud iceberg for Oracle. Garg believes Dell Customer Service Oracle can continue its positive cloud momentum and double its annual cloud revenue to $12 billion within the next two years.By fiscal 2020, KeyBanc projects cloud services will account for 25 percent of Oracle’s total revenue. A big part of that growth will come from Oracle converting its massive existing customer base to its cloud offerings. At this point, only about 5 percent of Oracle’s 400,000 customers use its cloud services. Oracle stock also offers great exposure for investors who want to know how to invest in big data.
Oracle’s massive user base also has the company well-positioned to capitalize on the emerging artificial intelligence market, Garg said. “Unlike previous innovation cycles, the value of AI will be derived from the scale of data, helping elevate the power of incumbency for those having a large customer installed base and unique data sets,” Garg writes. Oracle has been investing heavily in its transition to cloud services in recent years, Dell Contact Number  but the investment has already begun making a meaningful impact on the company’s bottom line. KeyBanc projects a heavier mix of cloud revenue could drive Oracle’s operating margins higher by 1 percent annually in the years ahead. Operating margins reached a trough of 42.6 percent in fiscal 2016 amid Oracle’s aggressive cloud investments and merger and acquisition spending spree. However, KeyBanc estimates operating margins will be back at 45.7 percent by fiscal 2020.