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Today’s episode features an interview between Matt Trifiro and Iyad Tarazi, President, CEO, and Co-Founder of Federated WirelessIyad is a technology industry trailblazer with experience in successful commercialization of disruptive cloud native SaaS technologies. Prior to Federated Wireless, he served as Vice President of Network Development and led the Network Vision modernization project at Sprint Corp.In this interview, Iyad discusses CBRS, shared spectrum, and the massive potential for disruption and innovation they represent, as well as the interesting intersections between CBRS and edge computing.Key Quotes“The most thrilling part of CBRS is that it truly is free. It's really democratizing wireless access.”“This is like Airbnb. Don't sell the house, I'll rent the room for you tomorrow. That's basically what we're doing. We make the spectrum available immediately, which is great for economics and great for innovation.”“When we go from a few people building technology on spectrum to thousands and thousands if not millions of deployments, the amount of innovation we’re going to get in the software technology ecosystem is going to go through the roof…Innovation is going to take off. That's democratization in the best way possible."“The U.S. will become the most innovative, by far, in creating solutions and applications and technology for wireless, because they’ll be able to get a thousand enterprises or a thousand companies all innovating at the same time.”“At the end of the day, we're a software company that sits on top of an open ecosystem with a bunch of partners built around a very, very innovative spectrum model that's enabled by a really innovative government. The FCC and the DOD and NTIA and the White House--what they've done here over the last 10+ years in terms of creating this innovation model has really been first in the world.”“All we really do right now is facilitate the management and enable the system. We pass more than 90% of the value of what's happening and what the spectrum offers over to our customers. We're more focused on enabling the ecosystem and enabling our customers than anything else. We're an enablement platform at the end of the day.”SponsorsOver the Edge is brought to you by the generous sponsorship of Catchpoint, NetFoundry, Ori Industries, Packet, Seagate, Vapor IO, and Zenlayer.The featured sponsor of this episode of Over the Edge is Seagate Technology. Seagate’s new CORTX Intelligent Object Storage Software is 100% open source. It enables efficient capture and consolidation of massive, unstructured data sets for the lowest cost per petabyte. Learn more and join the community at seagate.comLinksFollow Matt on TwitterFollow Iyad on Twitter
US equity markets retreated, with the much of the selling being triggered mid-session and with investors struggling to pinpoint a particular catalyst for the sudden move - Dow fell -135-points or -0.46%, paring an earlier -388-point drop. Intel Corp (down -2.5%) was the worst performing index constituent. Coca Cola Co increased its quarterly dividend to US$0.41c per share from US$0.40c. The broader S&P500 fell -0.38% and the technology NASDAQ -0.72% after both indices hit record highs in the previous session. In merger and acquisition (M&A) news, Morgan Stanley announced a deal to acquire discount brokerage E*Trade Financial Corp in an all scrip transaction worth US$13B. The deal marks the largest takeover by a big US bank since the global financial crisis (GFC). Sprint Corp and T-Mobile US Inc have agreed their merger after tweaking the terms of the deal.
US equity markets retreated, with the much of the selling being triggered mid-session and with investors struggling to pinpoint a particular catalyst for the sudden move - Dow fell -135-points or -0.46%, paring an earlier -388-point drop. Intel Corp (down -2.5%) was the worst performing index constituent. Coca Cola Co increased its quarterly dividend to US$0.41c per share from US$0.40c. The broader S&P500 fell -0.38% and the technology NASDAQ -0.72% after both indices hit record highs in the previous session. In merger and acquisition (M&A) news, Morgan Stanley announced a deal to acquire discount brokerage E*Trade Financial Corp in an all scrip transaction worth US$13B. The deal marks the largest takeover by a big US bank since the global financial crisis (GFC). Sprint Corp and T-Mobile US Inc have agreed their merger after tweaking the terms of the deal.
US equity markets posted modest gains, with both the S&P500 and Nasdaq edging their way to fresh record closing highs - Dow flat 29,276.34, paring an earlier +138-point climb. The broader S&P500 inched +0.17% higher (to 3,357.75). NASDAQ +0.11% (to 9,638.94). All three key indices touched fresh record intra-day highs earlier in the session. In merger and acquisition (M&A) developments, a US district judge approved a US$26B merger between T-Mobile US Inc (up +11.78%)and Sprint Corp (+77.50%).
US equity markets posted modest gains, with both the S&P500 and Nasdaq edging their way to fresh record closing highs - Dow flat 29,276.34, paring an earlier +138-point climb. The broader S&P500 inched +0.17% higher (to 3,357.75). NASDAQ +0.11% (to 9,638.94). All three key indices touched fresh record intra-day highs earlier in the session. In merger and acquisition (M&A) developments, a US district judge approved a US$26B merger between T-Mobile US Inc (up +11.78%)and Sprint Corp (+77.50%).
The benchmark US equity indices made it a clean sweep overnight, with all three gauges carving out fresh record all-time closing highs - Dow up +115-points or +0.42% The broader S&P500 +0.37%, NASDAQ +0.55%. In US corporate earnings, Under Armour Inc tumbled after the company confirmed it was the subject of a federal investigation into its accounting practices. The athletic gear company reported a third-quarter decline in North America sales and cut its full year earnings outlook. After the closing bell, Uber Technologies Inc announced earnings that beat analyst estimates on the top and bottom lines for its third quarter or 2019 but the stock fell more than 5% after the company reported over $1 billion in net losses. Sprint Corp and Roku Inc report tonight AEST. In US economic data, Durable Goods and Factory Orders data for September Both the Institute of Supply Management (ISM) and Markit release their Services Purchasing Manager's Indices (PMI) for October tonight AEST (5 October), while Balance of Trade figures for September (with the trade deficit forecast to decrease to US$52.5B from US$54.9B) are also scheduled for release.
The benchmark US equity indices made it a clean sweep overnight, with all three gauges carving out fresh record all-time closing highs - Dow up +115-points or +0.42% The broader S&P500 +0.37%, NASDAQ +0.55%. In US corporate earnings, Under Armour Inc tumbled after the company confirmed it was the subject of a federal investigation into its accounting practices. The athletic gear company reported a third-quarter decline in North America sales and cut its full year earnings outlook. After the closing bell, Uber Technologies Inc announced earnings that beat analyst estimates on the top and bottom lines for its third quarter or 2019 but the stock fell more than 5% after the company reported over $1 billion in net losses. Sprint Corp and Roku Inc report tonight AEST. In US economic data, Durable Goods and Factory Orders data for September Both the Institute of Supply Management (ISM) and Markit release their Services Purchasing Manager's Indices (PMI) for October tonight AEST (5 October), while Balance of Trade figures for September (with the trade deficit forecast to decrease to US$52.5B from US$54.9B) are also scheduled for release.
Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst, discusses the lawsuit by a group of states to block T-Mobile US Inc.’s proposed takeover of Sprint Corp. on antitrust grounds, putting pressure on the Justice Department as it nears a final decision on the merger of the two wireless carriers. She speaks to Bloomberg’s June Grasso.
Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst, discusses the lawsuit by a group of states to block T-Mobile US Inc.'s proposed takeover of Sprint Corp. on antitrust grounds, putting pressure on the Justice Department as it nears a final decision on the merger of the two wireless carriers. She speaks to Bloomberg's June Grasso. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Jennifer Rie, Bloomberg Intelligence Senior Analyst for Anti-trust Litigation discusses Democratic presidential hopeful Elizabeth Warren's proposal to break up giant tech companies and the FCC pause of its review of T-Mobile's proposed purchase of Sprint Corp. She speaks with Bloomberg's June Grasso.
Jennifer Rie, Bloomberg Intelligence Senior Analyst for Anti-trust Litigation discusses Democratic presidential hopeful Elizabeth Warren's proposal to break up giant tech companies and the FCC pause of its review of T-Mobile's proposed purchase of Sprint Corp. She speaks with Bloomberg's June Grasso. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
he Norwegian Authority for Investigation of Economic and Environmental Crime (Okokrim) received allegations from Norwegian artist associations claiming potential loss of income from the manipulation of streaming data. “It has been made known through media coverage that the reports relate to Tidal’s streaming service and a suspicion that someone has manipulated the number of plays of some songs,” Okokrim Attorney Elisabeth Harbo-Lervik said in emailed comments. Okokrim said it had initiated an investigation to confirm or deny the alleged manipulation, according to Harbo-Lervik, and declined to give any further details on the investigation. Tidal’s lawyer Fredrik Berg at Fend, an Oslo-based law firm, said that Tidal is not suspected or charged. Berg declined to give any further comments. Jay-Z acquired Tidal in 2014 in a $56 million deal, to give his peers a greater share of the proceeds from streaming services, which now account for more than half of all U.S. record industry sales. During a presentation in 2015, he introduced fellow artists such as Rihanna and Alicia Keys as co-owners. The services has failed to rival platforms such as Spotify Technology SA and Apple Music. In 2017 Sprint Corp. acquired a 33 percent stake, following reports that Tidal was in discussions with Apple about a sale, according to The Wall Street Journal. A year after buying Tidal, Jay-Z sent a letter to previous owners Schibsted ASA, a Norwegian media company, accusing the seller of overstating subscriber numbers at the time of the deal. The latest complaints come from Norwegian copyright and music associations, following Dagens Næringsliv’s investigation published in 2018. The newspaper, along with Norwegian University of Science and Technology, analyzed data claimed to be Tidal’s raw streaming data. The university produced a report that concluded there had been manipulation of the data at particular times. A Bronx rapper has snagged the top spot on the US Billboard 200 chart after selling just 823 albums -- and posting 83 million on-demand streams. Industry tracker Billboard, whose chart ranks the most popular albums of the week in the United States, said Monday that A Boogie Wit Da Hoodie's album "Hoodie SZN" climbed to the top with the equivalent of 58,000 sales for the week ending January 10. That multi-metric sum includes streams and downloads of individual songs along with sales of the full 20-song album -- but according to Billboard, streams powered the ascent, while the sales set a record-low for an album that reached number one. The figures lay bare the ever-widening gap between the rapidly growing business of streaming and that of lethargic album sales. The 23-year-old rapper's record tops that of 3,481 copies and 84 million streams, which rapper 21 Savage set last week with his album "I Am > I Was." "Hoodie SZN," which came out December 21, is the Bronx artist's second full-length studio album and second visit to the Billboard's top 10, after his album "The Bigger Artist" peaking at number four in 2017. His sophomore album did not sell enough downloads -- "Hoodie SZN" has not been released in a physical format -- to make Billboard's sales-only chart, which saw Lady Gaga and Bradley Cooper's "A Star Is Born" soundtrack take first place.
John Butler, Senior Telecom Services & Equipment Analyst for Bloomberg Intelligence, on T-Mobile to acquire Sprint Corp. for $26.5 billion in stock. Andy Lipow, President of Lipow Oil Associates, on Marathon Petroleum to buy rival oil refiner Andeavor for $23.3 billion, in a deal that could create the largest independent fuel maker in the U.S. Jim Vogel, Interest Rate Strategist for FTN Financial, on why yields are pegged more to inflation than supply. Walter Kemmsies, Economist and Chief Strategist of JLL's Ports, Airports and Global Infrastructure Group, on Mnuchin's upcoming trip to China, and outlook for tariffs.
T-Mobile US Inc. and Sprint Corp. could be just weeks from finally announcing a merger. It would be the largest deal of the year, but even if a deal is announced, there’s no certainty it will happen. Regulatory approval is far from assured. Veteran telecommunications analyst Craig Moffett explains why the companies want to merge now and how the government may interpret a merger. He also gives a gloomy outlook for the entire U.S. wireless industry to host Alex Sherman.
Options Oddities 191: S, WWAV Unusual Activity for May 27, 2015: Calls trade in Sprint Corp. (S) Upside call buyers in WhiteWave Foods Co. (WWAV)
Options Oddities 98: NUAN, BPOP, S Unusual Activity for January 5, 2015: Puts trade in Nuance Communications Inc. (NUAN) Possible put and stock sale in Popular Inc. (BPOP) 3 to 1 call spreads in Sprint Corp. (S)