Tag Archives: aws

Amazon (AMZN) is not the only stock that went down. Because of coronavirus, China will stop providing necessary physical and virtual services to the U.S. As a result, the market reacts with the overall drop in prices.At the beginning of 2020, e-commerce giant Amazon.com Inc (NASDAQ: AMZN) has been showing not a very impressive performance. Such an outcome results from the company’s stock underperforming significant benchmarks over the previous six months. Until mid-January 2020, Amazon could...

Walmart revealed it spent $11.8 billion the last year on dividends. Amazon doesn’t have such a strategy but AMZN stock price is growing.Amazon (AMZN) stock is in green these days while Walmart (WMT) stock is falling. Do these events have any relation to the companies’ performance and approaches? Let’s have a look at how both companies are doing.John Furner, President and CEO of Walmart US, said recently that the role of corporations has changed. By saying that, Furner was thinking of making...

Amazon Web Services (AWS) said in the filing that it wants to depose President Donald Trump, Defense Secretary Mark Esper and former Defense Secretary James Mattis over a $10 billion Pentagon’s JEDI contract awarded to Microsoft.Amazon Web Services (AWS) spokesperson blames United States President Donald Trump for using his executive powers in order “to advance his personal agenda.” They also claim that the example of this was awarding of the $10 billion Joint Enterprise Defense...

In an interesting turn of events, Amazon is seeking a court injunction against Microsoft. Amazon wants the courts to prevent Microsoft from continuing with the popular Pentagon cloud project until all related cases are resolved.Amazon Looks to Stop MicrosoftIn October last year, the U.S. Department of Defense (DoD) announced that it will be awarding Microsoft with the Pentagon contract. Called the Joint Enterprise Defense Infrastructure (JEDI), the project is worth $10 billion. At the time,...

Management consulting and research firm Everest Group has released a new market report focusing on the future of blockchain. The report, entitled “BigTech Battle: Assessing Managed Blockchain Platform Readiness for Enterprise Use,” addresses a number of major players developing blockchain projects, including Hewlett Packard, IBM, and Microsoft.The report cites Jelurida’s Ardor blockchain-as-a-service platform, alongside Multichain’s Enterprise, as two technologies with favorable ease of...

According to the latest reports, Amazon alleges that it lost out on a $10 billion defense contract since one person hated the company: President Donald Trump. The ‘improper pressure’ and behind-the-scenes attacks by the president harmed the company’s chances of getting this contract. The Pentagon gave the controversial cloud computing contract to Microsoft in October. Amazon appealed the decision practically immediately.In a redacted complaint from a previously filed lawsuit, Amazon explained...

Qualcomm on Tuesday officially announced its next-generation flagship processor for phones. Dubbed the Snapdragon 865 the processor is still in need of a separate 5G modem to enable 5G instead of an integrated 5G modem built right into the chipset. Traditionally, that means more expensive, power-hungry phones than an integrated solution.However, at the Amazon’s event held in Las Vegas called AWS re:Invent, there were plenty of other solutions. Verizon CEO Hans Vestberg went on to discuss the...

Late last month, the United States Department of Defense announced that the much-discussed Joint Enterprise Defense Infrastructure (JEDI) cloud contract, had been finally awarded to Microsoft. After the announcement, many including Amazon itself seemed sincerely surprised that the contract didn’t go to Amazon. Now, Amazon has decided to officially challenge the contract award.According to a Federal Times report, Amazon Web Services (AWS) officially filed with the U.S. Court of Federal Claims...

Amazon Inc. stock is getting battered following a downbeat earnings report.The company announced on Thursday its third-quarter net income fell to $2.1 billion on earnings per share of $4.23, which represents a pretty big fall of around 26% year over year and worse than analysts had expected.During the quarter that ended September 30, the company’s revenue rose to $70 billion, up 24% YoY but it also wasn’t enough to meet the previous estimates. At the same time, Amazon reported its cloud...