Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ Thu, 04 Aug 2022 20:47:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://piazzacarlogiuliani.org/wp-content/uploads/2021/03/cropped-icon-1-32x32.png Piazza Carlo Giuliani http://piazzacarlogiuliani.org/ 32 32 Maxar Wins GeoXO Spacecraft Phase A Study Contract for NOAA’s Next Generation Weather Monitoring Satellites https://piazzacarlogiuliani.org/maxar-wins-geoxo-spacecraft-phase-a-study-contract-for-noaas-next-generation-weather-monitoring-satellites/ Thu, 04 Aug 2022 20:47:36 +0000 https://piazzacarlogiuliani.org/maxar-wins-geoxo-spacecraft-phase-a-study-contract-for-noaas-next-generation-weather-monitoring-satellites/

The closing of the sale of the Notes, which is subject to customary conditions, is expected to occur on or about June 14, 2022. The Notes will be first lien senior secured obligations of the Company and initially secured on senior indebtedness first-class. – priority guarantee by the subsidiaries of the Company which act as guarantors within the framework of its existing syndicated loan. In connection with the issuance of the Notes, the Company intends to amend and restate certain credit arrangements under its existing syndicated credit facility and term loan obligations (the “Amendment and Restatement”) , between the Company, Royal Bank of Canada, on an administrative basis the Agent and the Collateral Agent, and the lenders from time to time parties thereto to vary prices and covenants, and extend, so long as the notes are ultimately repaid in full on a date that is 91 days prior to their maturity date, the maturity date of the revolving credit facility until June 2027 and the maturity date of the debt obligations to term to June 2029. The total principal amount of the term loan obligations is also expected to be increased to $1,500 million.

The Company estimates that the net proceeds from the offering of the Notes will be approximately $493 million, after deducting initial purchasers’ discounts and estimated offering costs payable by the Company.

As previously announced, the Company expects to use the net proceeds from the sale of the Notes, together with the proceeds of the borrowings under the Amendment and Restatement at the Closing of the Note Offering and cash, to fund the redemption of all of its outstanding 9.750% Senior Secured Bonds due 2023 (the “Existing 2023 Bonds”) and to pay the premiums, fees and expenses related to the transaction. The redemption date of the Existing 2023 Notes (the “Redemption of the 2023 Notes”) will be the same date as the closing of the Note Offering. Completion of the ticket offering is not conditional upon completion of the Redemption of the 2023 Tickets and/or completion of the Amendment and Restatement, but completion of the Redemption of the 2023 Tickets is conditional upon, among other things, completion of the ticket offering.

The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities, and no offer, solicitation or sale will be made in any jurisdiction in which, or to any person which such offer, solicitation or sale is unlawful. Any offer of Notes will be made only by private offering memorandum. This press release does not constitute an offer to purchase, the solicitation of an offer to purchase or a notice to redeem the Existing 2023 Bonds. Such notification will be made separately in accordance with the terms of the indenture governing the Existing 2023 Bonds.

About Maxar

Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of complete spatial solutions and secure and accurate geospatial intelligence. We deliver disruptive value to governments and commercial customers to help them monitor, understand and navigate our changing planet; provide global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unparalleled speed, scale and cost-effectiveness. Maxar’s 4,400 team members in more than 20 global locations are inspired to harness the potential of space to help our customers create a better world.

Forward-looking statements

This release contains “forward-looking statements” as defined in Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements that are not statements of historical fact and those regarding the completion of the Note Offering, the redemption of the 2023 Notes and the Amendment and Restatement and the anticipated terms of the Amendment and reprocessing. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “anticipate”, “should”, “should”, “could”. ‘, ‘could’, ‘estimate’, ‘outlook’ and similar expressions, including their negative form.

These forward-looking statements are based on management’s current expectations and assumptions based on information currently available to us and our projections for the future, of which we cannot be certain. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from the anticipated results or expectations expressed in this press release. Accordingly, while we believe we have a reasonable basis for each forward-looking statement contained in this press release, undue reliance should not be placed on forward-looking statements as the Company cannot guarantee that they will prove to be accurate. . Risks and uncertainties that could cause actual results to differ materially from current expectations include the Company’s ability to complete the Note Offering, the redemption of the 2023 Notes and the Amendment and Restatement, and other factors affect the Company’s business and financial results, including: risks related to the conflict in Ukraine or related geopolitical tensions; the COVID-19 pandemic and its impact on our business operations, financial performance, results of operations and stock price; our ability to generate a sustainable order rate for our satellite and space manufacturing operations within our Space Infrastructure segment, including our ability to develop new technologies to meet the needs of existing or potential customers; risks related to our activities with various governmental entities, which are subject to the policies, priorities, regulations, mandates and funding levels of such governmental entities; our ability to meet our contractual requirements and the risk that our products contain defects or fail to perform as expected; the risk of significant disruption or unauthorized access to our computer systems or those of third parties that we use in our operations; the ability of our satellites to perform as designed and the risks associated with launch delays, launch failures or damage to or destruction of our satellites during launch; risks related to the interruption or failure of our infrastructure or the national infrastructure; and the risk factors set forth in Part II, Item 1A, “Risk Factors” of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 and filed with the Securities and Exchange Commission (the ” SEC”) on May 9, 2022, as such risks and uncertainties may be updated or superseded from time to time by subsequent reports that we file with the SEC.

The forward-looking statements contained in this press release speak only as of the date hereof and are expressly qualified in their entirety by the foregoing risks and uncertainties. Additional risks and uncertainties not currently known to us or that we currently believe to be immaterial may also materially adversely affect our business, prospects, financial condition, results of operations and cash flows. The Company undertakes no obligation to publicly update or revise any of its forward-looking statements after the date on which they are made, whether as a result of new information, future events or otherwise, except as the extent required by law.

Unless otherwise indicated or the context otherwise requires, references to the terms “Company”, “Maxar”, “we”, “us” and “our” collectively refer to Maxar Technologies Inc. and its consolidated subsidiaries.

Contact with Investor Relations:
Jason Gursky
Maxar VP, Investor Relations and Corporate Treasurer

Media Contact:
Fernando Vivanco
Maxar Media Relations

USF student invents alternative to wood using recycled plastic https://piazzacarlogiuliani.org/usf-student-invents-alternative-to-wood-using-recycled-plastic/ Thu, 04 Aug 2022 13:43:13 +0000 https://piazzacarlogiuliani.org/usf-student-invents-alternative-to-wood-using-recycled-plastic/

When lumber was largely unavailable and prices soared to historic highs during the coronavirus pandemic, a University of South Florida mechanical engineering student was developing a cost-effective alternative. Now funded by the National Science Foundation, doctoral student John Cotter is making a recycled plastic building material that can replace structural lumber.

The ultra-strong recycled material, Recycled Plastic Lumber, is made of composites reinforced with polymers, a reinforced material like concrete. The material will be used as a replacement for wood to create fence posts that can last 30 to 50 years, about three times longer than a wooden fence.

In addition to significantly reducing future costs for customers, recycled plastic lumber will reduce the 10 million acres of forest harvested each year in the United States. Cotter estimates that the green alternative will produce 15 million fence posts per year.

The NSF grant runs until May 2023. Cotter will spend that time refining and perfecting the material. He works alongside PhD student Tia Sayers and Rasim Guldiken, an associate professor of mechanical engineering, to incorporate customer feedback into reviews. From there, it will begin the product approval process to get it to market and into the hands of customers.

Through a previous USF I-Corps grant, the team spent the spring semester conducting interviews with homeowners, farmers, ranchers, and fencing contractors across the country. The data helped identify market demands.

According to the first interviews with customers, wooden fence posts generally last 10 to 20 years. In some locations with extreme weather conditions, such as Florida, customers have reported problems as early as five years after installation. The team learned that customers of wooden fences most often experience rotting due to humidity and severe warping due to heat that requires rework. Both of these issues impact the strength and durability of fences.

Polymer, the main material of recycled plastic wood, is much less affected by environmental factors.

“The goal is to make an effective material for the price based on the resistance provided,” Cotter said. “The secret behind the technology is not necessarily the polymer itself, but the reinforcement method.”

Cotter has developed a reinforcement method that can be used with extrusion processes – where plastic is heated, melted and pressed through a specialized machine tool. Instead of pressing to create a shape, the reinforcement is fed into the tool and coated with polymer.

Cotter intends to devote its future to the exploration and manufacture of low-cost structural materials. He obtained his first patent for recycled plastic lumber in 2021 and has another one pending. Both involve the use of glass as a cost-effective structural material, including as reinforcement for the polymers used in fence posts.

Not only does he plan to explore ways to extend the current concept to other wood applications, such as decking, but he has already started building another fence alternative based on the needs and requests received during the client’s initial discovery – a concrete reinforced and filled with recycled product that can be installed in the same way as wood.

Over the past 14 years teaching mechanical engineering, Guldiken says Cotter’s entrepreneurial spirit stands out. Cotter’s forward thinking mindset led to solutions to real problems and ultimately a bridge between academia and his future career.

“What we do in the classroom and in the lab can have a big impact, even on a global scale,” Guldiken said. “The main goal is not to make money, but to help our citizens.”

Are these the soon-horns of Italy? | Thames https://piazzacarlogiuliani.org/are-these-the-soon-horns-of-italy-thames/ Thu, 04 Aug 2022 13:00:43 +0000 https://piazzacarlogiuliani.org/are-these-the-soon-horns-of-italy-thames/

After a slow start compared to its European peers, Italian technology has started to catch up.

In 2021, there was a notable increase in venture capital investment in startups across the country: it reached an all-time high of $1.4 billion, more than double the previous year, according to Dealroom.

For context, it’s still less than 10% of the money that went to France or Germany. But just over halfway through 2022, Italy has already racked up $1 billion in investments.

International investors told Sifted they visited Milan in search of the country’s hottest startups, and the economic capital will also host the Tech Chill conference for the first time in September.

The surest sign of all? Italy finally cashed in her first unicorn company since the dotcom boom when to buy now, pay later fintech Scalapay reached a valuation of $1 billion in February. Today, a growing club of fast-growing startups is attracting the attention of international investors and approaching ten-figure price tags.

We used data from the intelligence team of Sifted and Dealroom to compile a list of Italian startups that could be the country’s next stars. Each company was founded in 2010 or later, raised its most recent funding rounds since the start of 2020, and has a valuation of 100 million euros or more.

So who are the rising Italian tech startups? And who could be next to hit a $1 billion valuation?


Giorgio Tinacci, CEO and founder of Casavo

What: A proptech that buys properties and renovates them to resell them for a profit
HQ: Milano
Funding to date: $241 million
Last assessment: $500 million (soft estimate based on founder’s interview)

Founded in 2018, Casavo has experienced accelerated growth over the past two years. It has gained popularity in southern Europe – particularly Italy and Spain – where there are large pools of properties that haven’t changed hands for years and often require renovation.

That’s Casavo’s main goal: it operates on a rather unusual model that sees it offering free appraisals to owners looking to sell, using its technology to generate an offer within two days, then buying it and by renovating it to sell it for a profit.

The company tripled its user base in 2021 and expects “triple-digit growth” in 2022. So far, it has sold around 3,200 properties and executed €1 billion in transactions.

This raised a Series D of €400 million round of financing, consisting of 100 million euros in equity and 300 million euros in debt, last month to extend to all of Europe, starting with France. Hold on tight for a looming valuation boost that could see its valuation edge edge closer to $1bn – CEO Giorgio Tinacci told Sifted the round is so oversubscribed he is already looking at an extension within months coming. This is no small feat in the fundraising environment of 2022.


An image of a moped and delivery man from Italian grocery delivery startup Everli

What: Start of grocery delivery
HQ: Milano
Funding to date: $149 million
Last assessment: $469 million (dealing room estimate)

A slightly older member of this list, Everli online grocery platform was founded in 2014 – but the pandemic was an inflection point for the startup’s growth.

CEO Federico Sargenti previously told Sifted: “The pandemic has been a real tsunami. The number of requests was doubling every day and we had to move at phenomenal speed across a whole host of borders, from technology to logistics. »

Everli allows users to place direct-to-home delivery orders at supermarkets like Carrefour, Lidl and Conad in 135 cities in Italy, France, Poland and the Czech Republic, through a network of independent “personal shoppers”. It was called “one to watch” by investors in the pages of Sifted a twiceand recently announced a €22 million extension to its Series C funding round from Italian VC United Ventures.

He will use this new money to accelerate his plans for international expansion, with Germany and Romania on the cards first.


George Ottathycal, CEO of Prima
George Ottathycal, CEO of Prima

What: An insurance intermediary selling car insurance online
HQ: Milano
Funding to date: $110 million
Last assessment: $330 million (business room estimate)

Prima has built its own technology stack and data analytics tools so it can digitally underwrite consumer car insurance. She sold her first policy in 2015 and has since gained 2.2 million customers.

It also increased rapidly. Its main market is Italy, but it has also expanded into Europe and has offices in the UK and Spain. According to data from LinkedIn, its employee headcount at these sites stands at 698, after growing 57% last year.

Prima did all of this without raising funds for four years. His last venture capital boost came in 2018 when he raised €100 million from Goldman Sachs and Blackstone. Another relaunch could therefore soon be considered…


The co-founders of Satispay, Alberto Dalmasso, Samuele Pinta and Dario Brignone
The co-founders of Satispay, Alberto Dalmasso, Samuele Pinta and Dario Brignone

What: Mobile payments for individuals and businesses
HQ: Milano
Funding to date: $171 million
Last assessment: $248 million (at November 2020)

Another relatively old member of this list, Satispay was founded in 2013 and launched its payment systems in 2015. It has become Italy’s largest mobile payments provider, used by over 160,000 merchants, including Esselunga, Carrefour, Boggi, Eataly and Benetton. Its headquarters are in Milan and it has expanded across Europe with offices in Luxembourg and Berlin so far.

Rather than using debit and credit card networks, Satispay is a bank account-enabled platform that offers in-store and online payments as well as peer-to-peer payments, savings and, thanks to a recent partnership with Italian rising star Young Platform, cryptocurrency trading.

Its last fundraising dates back to November 2020: a €93m Series C round that included participation from Jack Dorsey’s payments company Block (at the time called Square) as well as Chinese company Tencent Holdings. In other words, that was a while ago – we’ll have our eyes peeled for an increase in the near future.


Federico Sforza and Roberto Nicastro, co-founders of Aidexa
Federico Sforza and Roberto Nicastro, co-founders of Aidexa

What: challenger bank
HQ: Milano
Funding to date: $49.5 million
Last assessment: $198–297 million (dealing room estimates)

Banca Aidexa is an Italian neobank, founded in 2020, which focuses on individual traders and businesses up to €5 million – the backbone of the Italian economy. It has a full ECB banking license and was founded by finance heavyweights Roberto Nicastro (also a senior adviser to Cerberus Capital) and Federico Sforza (previously an executive at Nexi and ING). It also has a rare co-founderCOO Elena Adorno.

Aidexa provides rapid loans to SMEs within 48 hours using open banking. Founded during the pandemic when many SMEs were forced to close, it distributed more than 80 million euros in loans in 2021 and collected 60 million euros in deposits, according to his latest results. It now has more than 2,000 Italian SMEs in its loan portfolio and plans to double its workforce from 50 to 100 by the end of 2022.


An image of a Cortilla delivery driver carrying a box full of fruit

What: Shopping delivery
HQ: Torino
Funding to date: $77.5 million
Last assessment: $187 million (business room estimates)

Cortilia offers home grocery deliveries, but with an emphasis on local and eco-friendly suppliers. It previously operated in the northern Italian regions of Lombardy, Emilia-Romagna, Piedmont, Veneto and Liguria, but plans to expand further south to Rome using a new extension series C of 20 million euros.

It raised the funds in June from Five Seasons Ventures, Red Circle Investments, Indaco Venture Partners and Primo Ventures.

CEO Marco Porcaro previously told Sifted that the company’s business has boomed during the pandemic, in part due to the benefits it has brought to struggling businesses and quarantined consumers.

Cortilia has built its own AI-based algorithm that matches deliveries to user preferences and delivery times, which helps prevent food waste and also helps sellers selling on the platform to better track supplies. .

More than 250 small and medium producers sell their food on Cortilia, and the company has 70 employees.


Michele Grazioli, co-founder and president of Vedrai

What: AI-powered business forecasts
HQ: Milano
Funding to date: $49.5 million
Last assessment: $176–264 million (dealing room estimates)

Vedrai has developed AI-powered software that provides business forecasts to SMBs by analyzing millions of market variables alongside their business data – a useful tool for CFOs right now.

Founded in 2020, Vedrai raised €40 million in its second round of funding in April from Italian asset manager Azimut, which it plans to use to develop its technology and expand further in Europe.

Vedrai currently has just over 80 employees, nearly half of whom were hired within the past six months, according to LinkedIn data.

Amy O’Brien is Sifted’s fintech reporter. She tweets from @Amy_EOBrien and writes our fintech newsletter You can register here.

Caterpillar, Ford, Mosaic, Phillips 66, Plug Power, Ross Stores, Uber and more – 24/7 Wall St. https://piazzacarlogiuliani.org/caterpillar-ford-mosaic-phillips-66-plug-power-ross-stores-uber-and-more-24-7-wall-st/ Wed, 03 Aug 2022 12:51:43 +0000 https://piazzacarlogiuliani.org/caterpillar-ford-mosaic-phillips-66-plug-power-ross-stores-uber-and-more-24-7-wall-st/


Futures traded higher on Wednesday, following a rise and fall on Tuesday when it looked like many investors and traders were more than ready to take some of July’s 9% gains off the table. All major indices closed lower. Some across Wall Street linked the weakness to House Speaker Nancy Pelosi’s trip to Taiwan and rising tensions with China. With next week’s consumer price index print for July and Friday’s nonfarm payrolls report also looming, investors are also trying to price in a sharp drop in consensus estimates for profits for this year and 2023.

Yields rocketed higher on the Treasury curve on Tuesday as investors who piled into safe havens over the past two weeks drove sellers out in a big way. The yield on the benchmark 10-year note (which had fallen nearly 100 basis points since mid-June) rose 14 basis points, helping to keep the ubiquitous 2-year and 10-year inversion in place. Soon it will be 90-day Treasury bills and 10-year notes that will be even more worrying for the bond market.

Brent crude and West Texas Intermediate crude both traded higher on Tuesday, after being significantly dented on Monday. Natural gas fell 7%, falling back below $8. Gold closed higher, while Bitcoin closed over 2% at 22,762.

24/7 Wall St. reviews dozens of analyst research reports each weekday in an effort to find new insights for investors and traders. Some of these daily analyst calls are covering stocks to buy. Other calls cover stocks to sell or avoid. Remember that no analyst call should ever be used as a basis for buying or selling a stock. Consensus analyst target data comes from Refinitiv.

These are the major analyst upgrades, downgrades, and insiders seen on Wednesday, August 3, 2022.

Bluebird Bio Inc. (NASDAQ: BLUE): Raymond James moved shares from Market Perform to Outperform with a target of $8. The consensus target is $7.33. The stock closed up 8% on Tuesday at $4.05 with no news we could find.

Burlington Stores Inc. (NYSE: BURL): Goldman Sachs has started covering the popular retailer with a buy rating and target price of $183. The consensus target is higher at $206.06. The stock was last seen on Tuesday at $148.05.

Caterpillar Inc. (NYSE: CAT): Bernstein downgraded the heavy equipment giant to Market Perform from Outperform and has a target of $195. The consensus target is $291.88. Shares closed Tuesday at $183.51, down nearly 6% for the day after posting disappointing second-quarter results.

Chesapeake Energy Corp. (NASDAQ: CHK): Benchmark started to hedge with a buy rating and a target price of $137. The consensus target is $129.36. Shares closed Tuesday at $90.25.

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TriMas Aerospace Receives Performance Recognition from its Boeing Suppliers https://piazzacarlogiuliani.org/trimas-aerospace-receives-performance-recognition-from-its-boeing-suppliers/ Tue, 02 Aug 2022 14:00:00 +0000 https://piazzacarlogiuliani.org/trimas-aerospace-receives-performance-recognition-from-its-boeing-suppliers/

BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–TriMas (NASDAQ:TRS) today announced that TriMas Aerospace’s Allfast Fastening Systems business has received a 2021 Supply Chain Certificate of Achievement from Boeing for the tenth consecutive year. Boeing presents the award annually to recognize suppliers who have achieved superior performance each year. Allfast Fastening Systems has maintained a Silver composite performance rating for each month of the 12-month performance period from January to December 2021.

“This recognition acknowledges our commitment to our customers to consistently deliver superior quality, on-time delivery, flexibility and exceptional service,” said John Schaefer, president of TriMas Aerospace. “Our Allfast team is relentlessly focused on operational excellence and customer satisfaction, and we are grateful for their hard work and dedication. We thank Boeing for this recognition and look forward to continuing to partner with innovative fastening solutions. »

TriMas Aerospace designs, engineers and manufactures conduit and engineered fasteners for the global commercial and military aerospace industry under the following leading brands: RSA Engineered Products, Monogram Aerospace Fasteners™, Allfast Fastening Systems®, Mac Fasteners™, TFI Aerospace and Martinic Engineering™.

About Trimas

TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our more than 3,500 dedicated employees in 13 countries provide customers with a wide range of quality, innovative product solutions through our market-leading businesses. Our TriMas family of companies has strong brands in the markets served and operates under a common set of values ​​and strategic priorities under the TriMas business model. TriMas is listed on NASDAQ under the symbol “TRS” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimascorp.com.

Notice Regarding Forward-Looking Statements

Any “forward-looking” statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to the business, financial condition or future results of TriMas, involves risks and uncertainties regarding, including, but not limited to: the severity and duration of the ongoing coronavirus (“COVID-19”) pandemic affecting our operations, our customers and our suppliers, as well as related actions taken by governmental authorities and other third parties in response, each of which is uncertain, rapidly changing and difficult to predict; general economic and monetary conditions; inflationary pressures on our supply chain, including raw material and energy costs, and customers; interest rate volatility; risks and uncertainties associated with intangible assets, including charges for impairment of goodwill or other intangible assets; competitive factors; future trends; our ability to execute our business strategies; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the anticipated benefits of such acquisitions; information technology and other cybersecurity risks; the performance of our contractors and suppliers; supply constraints, including the availability and cost of raw materials; market demand; intellectual property factors; dispute; governmental and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; our leverage; liabilities imposed by our debt securities; labor disputes and shortages; changes in tax and tax policies; contingent liabilities related to acquisition activities; disruption of operations due to catastrophic or extraordinary events, including natural disasters and public health crises; the amount and timing of future dividends and/or share buybacks, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently believe to be immaterial may also materially adversely affect our business, financial condition and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on currently available information, and the Company undertakes no obligation to update any forward-looking statements except as required by law.

]]> Blue Ocean Technologies integrates with Broadridge https://piazzacarlogiuliani.org/blue-ocean-technologies-integrates-with-broadridge/ Tue, 02 Aug 2022 04:30:00 +0000 https://piazzacarlogiuliani.org/blue-ocean-technologies-integrates-with-broadridge/

Blue Ocean Technologies successfully integrates with Broadridge trading and connectivity solutions

NEW YORK, Aug. 1, 2022 /PRNewswire/ — To better serve banks and brokers in North America and APAC regions on the 24-hour NYFIX network, global fintech leader Broadridge Financial Solutions, Inc. ( NYSE: BR), announced a global partnership with Blue Ocean Technologies (BOT), a unique capital markets fintech focused on global after-hours trading. Blue Ocean ATS (BOATS) will integrate with Broadridge’s NYFIX order routing network to provide clients with untapped aftermarket access to US equities.

Blue Ocean ATS operates an alternative trading system that replicates a daytime trading experience with electronic access, seamless price discovery, regulatory requirements, and clearing and settlement processes while significantly overlapping trading hours. ‘Asia Pacific.

“In today’s environment of extreme volatility, access and transparency are critical to promoting fair markets,” said Ray Tierney, president of Broadridge Trading and Connectivity Solutions. “With Blue Ocean’s access to overnight markets and Broadridge’s extensive customer connectivity and proven managed services, we will do just that – enabling increased market access for global traders.”

“Blue Ocean was founded with the sole purpose of providing accessibility to all investors and the partnership with Broadridge will strengthen our global connectivity and customer reach among banks and brokers,” said Matthew Horisk, COO and CIO of Blue Ocean Technologies. “We are energized by this strategic partnership with Broadridge because of the platform and scale they will provide, helping us facilitate relationships with new clients to drive increased trading volumes in the world. whole industry. »

Blue Ocean Technologies will benefit from Broadridge’s VeriFIX solution, allowing Blue Ocean to simulate the flow of FIX orders in a non-production environment, and Broadridge’s FIX Conductor offering Blue Ocean the ability to onboard new customers who are not on NYFIX. Blue Ocean will also benefit from additional customer connectivity to manage the flow of customer orders through Broadridge’s managed FIX customer connectivity layer.About Blue Ocean Technologies:

Blue Ocean Technologies, LLC (BOT) is a unique capital markets fintech company that empowers global investors to trade during overnight trading hours in the United States. Blue Ocean Technologies’ U.S. subsidiary, Blue Ocean ATS, LLC, and its Blue Ocean Alternative Trading System (BOATS) trading system, currently trade stocks on the U.S. National Market System (NMS) from 8:00 p.m. to 4:00 a.m. 12 am ET Sunday – Thursday.

Founded in 2019, Blue Ocean ATS’ mission is to turn american trade into global trade through its flagship service, Blue Ocean Session, providing access and transparency to subscribers in all time zones during non-traditional US market hours. For more information, please visit our website: www.blueocean-tech.io and follow us on LinkedIn and Twitter.About Broadridge

Broadridge Financial Solutions (NYSE: BR), a $5 billion global fintech leader, provides the essential infrastructure that powers investing, corporate governance and communications to improve lives financial. We provide technology-driven solutions that drive business transformation for banks, brokerages, asset and wealth managers, and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by connecting thousands of public companies and mutual funds to tens of millions of individual and institutional investors worldwide. Our technology and operational platforms underpin the daily transactions of more than US$9 trillion of equities, fixed income and other securities around the world. A certified Great Place to Work®Broadridge is part of the S&P 500® Index, employing more than 13,000 people in 21 countries.

For more information about Broadridge, please visit www.broadridge.com.

Blue Ocean Technologies contacts:



Broadridge contact details:

Eding Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129

Gregg Rosenberg
Business communication
(212) 918-6966

The Substantial Nothingness of China’s Fed Espionage Revelation https://piazzacarlogiuliani.org/the-substantial-nothingness-of-chinas-fed-espionage-revelation/ Sun, 31 Jul 2022 14:00:00 +0000 https://piazzacarlogiuliani.org/the-substantial-nothingness-of-chinas-fed-espionage-revelation/

When it was revealed long ago that an instigator of the Watergate break-in wanted to bug the office of DNC Chairman Larry O’Brien, the joke at the time was something along the lines of “Why?” The question was explicit. O’Brien’s emptiness made those who knew him wonder Why the desire to know what he was thinking.

The joke about O’Brien came to mind when reading the headlines about China allegedly spying on Federal Reserve officials. Really, why? What useful information could be gleaned from spying on these mediocrities? Still, the hope here is that little has been gleaned, but not for the reasons some might think.

For now, it’s worth pointing out that much of what the Fed does is already being spied on; albeit much more efficiently by market players. If anyone wants a reasonable chance of understanding what lies ahead for the central bank, all sorts of research firms (Medley Global Advisors come to mind) are already providing it. From there, there are deep markets that trade based on the odds of what the Fed will do next. No need to spy.

After which, the question of espionage must return to questioning what might be learned from the charitably average minds of the Fed. The latter is the largest employer of economists in the world, and it shows. The reflection inside the Marriner Eccles building is not worth spending time on.

As longtime Fed Vice Chairman Donald Kohn confidently asserted of the Phillips curve in the early 2000s, the Phillips curve is “at the heart of how most academic researchers and policy makers, including this one, think about fluctuations in inflation”. Former Fed Chairman Ben Bernanke has made it clearer what passes for thinking at the Fed, which is that there is “the highest level of employment that can be maintained without creating inflationary pressure “. Translated for those who need it, most Fed economists believe that economic growth causes inflation.

On this subject, if we ignore that rising prices are often not a signal of inflation as such, rooted in what Kohn, Bernanke and others deeply believe is that economic growth in full boom leads to labor and capacity shortages that drive up the prices of both. Except they don’t. On the one hand, Kohn and Bernanke’s core beliefs assume that the United States is an autarkic island of economic activity, as opposed to what it is: an integrated part of a global whole. Anything produced and/or simply designed in the United States is a consequence of global economic cooperation. In other words, American producers are in no way constrained by the supply of workers and factories in the United States.

What the Fed types also believe assumes that demand can exceed supply, that economic growth creates demand that suppliers cannot meet. Consider a speech Bernanke gave in 2007 at the Stanford Institute for Economic Policy. Although a rhetorical fan of globalization and trade, Bernanke observed “there seems little reason to conclude that globalization as a whole has significantly reduced inflation” and that “indeed, the opposite may be true”. For Bernanke, the arrival of new consumers signals higher demand than supply, and therefore higher prices. But all demand begins with supply. It is the supply of market goods and services that stimulates demand.

We could be getting into the robotization of “hands” in the economy, something that is a direct result of economic growth producing resources that allow further automation, but brevity prevents too much ink from being spilled on the truth sure that the surest sign of rising economic growth is price drop. This is so because growth is a consequence of investment, and the basis of investment is the exponential creation of more at prices that continue to fall.

What do economists say drives economic growth? They think it’s consumption. It did not occur to them that consumption is what follows production. How we know something so obvious hasn’t been apparent to economists is the consensus within the Fed that 2% inflation (whatever it is) is a desirable outcome. For Fed officials, the persistent rise in prices will encourage people to consume more, which will stimulate the economy. You can’t make this up! Don’t worry, it gets more ridiculous and sad.

Fed officials generally believe that the response to periods of slow economic growth is Fed money creation and congressional spending. Economists take it backwards. Abundant money is a natural market phenomenon. Implicit in the belief that this is not the case is that the Fed chose abundant “money supply” in Palo Alto, CA but very little in El Monte, CA. In fact, prudent financiers brought about this result. And it would be no different if the federal government had no role in the money. Money is a consequence of economic growth, not an engine of it. Fed officials think they can create growth by “flanking” the “money supply”. They cannot do such a thing. If they could, West Baltimore would already be booming.

When they think the central bank is overstretched, Fed officials call on government spending to boost growth. Except that the government can only spend to the extent that the economy has already grown or will grow. Here, Fed officials count double when they imagine that spending by Nancy Pelosi and Mitch McConnell will have a multiplier effect.

Oh yes, there is also the one about the war. Ask a Fed official what ended the “Great Depression.” You will be told that the mutilations, murders and destruction of wealth during the Second World War were the source of our rebirth. The very humans who fuel all growth must apparently be exterminated when times get tough.

All of this brings us back to China. What the hell could they get of value from the Fed? It makes you wonder… about the mental health of the Chinese. How could they be a threat if they think Jerome Powell’s thoughts are valuable? That is why it is hoped that their espionage did not bear fruit. This is so because Chinese growth is ours. Since that’s the case, let’s hope they stop spying on an entity that knows nothing about prosperity.

FDx Advisors Inc. acquires shares of 2,508 Amdocs Limited (NASDAQ:DOX) https://piazzacarlogiuliani.org/fdx-advisors-inc-acquires-shares-of-2508-amdocs-limited-nasdaqdox/ Sun, 31 Jul 2022 09:57:35 +0000 https://piazzacarlogiuliani.org/fdx-advisors-inc-acquires-shares-of-2508-amdocs-limited-nasdaqdox/

FDx Advisors Inc. acquired a new stake in shares of Amdocs Limited (NASDAQ:DOX – Get Rating) in the first quarter, reports HoldingsChannel.com. The fund acquired 2,508 shares of the technology company, valued at around $206,000.

A number of other institutional investors have also increased or reduced their stakes in DOX. JFS Wealth Advisors LLC increased its stake in Amdocs by 58.0% in Q1. JFS Wealth Advisors LLC now owns 425 shares of the technology company valued at $35,000 after buying an additional 156 shares in the last quarter. Denali Advisors LLC increased its stake in Amdocs by 33.3% during the 1st quarter. Denali Advisors LLC now owns 800 shares of the technology company valued at $66,000 after buying an additional 200 shares last quarter. Quadrant Capital Group LLC increased its stake in Amdocs by 39.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,346 shares of the technology company valued at $101,000 after buying 381 additional shares last quarter. Wahed Invest LLC acquired a new stake in Amdocs during Q4, valued at approximately $116,000. Finally, Exchange Traded Concepts LLC acquired a new stake in Amdocs during Q1 worth approximately $132,000. 87.09% of the shares are held by hedge funds and other institutional investors.

Changes to analyst ratings

A number of research analysts have weighed in on DOX stocks recently. StockNews.com upgraded Amdocs shares from a “buy” rating to a “strong buy” rating in a report on Tuesday, May 24. Citigroup reduced its target price on Amdocs shares from $93.00 to $90.00 in a report Thursday, May 12. Finally, Oppenheimer reissued a “top pick” rating on Amdocs stock in a Friday, May 13, report.

Amdocs stock up 0.4%

Shares of DOX opened at $87.06 on Friday. The company has a market capitalization of $11.41 billion, a PE ratio of 19.52, a P/E/G ratio of 1.79 and a beta of 0.69. The company has a fifty-day moving average of $83.82 and a 200-day moving average of $81.29. Amdocs Limited has a 52 week low of $68.33 and a 52 week high of $88.18. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt ratio of 0.23.

Amdocs (NASDAQ:DOX – Get Rating) last released its quarterly results on Wednesday, May 11. The technology company reported earnings per share (EPS) of $1.43 for the quarter, beating analyst consensus estimates of $1.12 by $0.31. The company posted revenue of $1.15 billion in the quarter, versus a consensus estimate of $1.12 billion. Amdocs had a return on equity of 16.78% and a net margin of 12.76%. During the same period last year, the company earned earnings per share of $1.05. On average, sell-side analysts expect Amdocs Limited to post EPS of 4.77 for the current year.

Amdocs Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 29. Investors of record on Thursday, June 30 received a dividend of $0.395. The ex-dividend date was Wednesday, June 29. This represents a dividend of $1.58 on an annualized basis and a yield of 1.81%. Amdocs’ dividend payout ratio is currently 35.43%.

Amdocs Company Profile

(Get an evaluation)

Amdocs Limited, through its subsidiaries, provides software and services worldwide. The company designs, develops, operates, implements, supports and markets an open and modular cloud portfolio. It provides CES21, an industry-leading customer experience suite powered by 5G and cloud-native microservices that enables service providers to build, deliver and monetize advanced services; the Commerce and Care Suite for capturing, managing and engaging customers; monetization suite for billing, invoicing, policies and revenue management; Intelligent networking suite with a set of modular, flexible and open service lifecycle management capabilities for network automation journeys; MarketONE, a cloud-native enterprise ecosystem; Digital Brands Suite, a pre-integrated digital business suite for digital telecommunications brands and small service providers; and eSIM Cloud for service providers.

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Want to see which other hedge funds hold DOX? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Amdocs Limited (NASDAQ:DOX – Get Rating).

Institutional ownership by quarter for Amdocs (NASDAQ:DOX)

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Here’s how the iPhone 14’s always-on display will outperform all Android phones https://piazzacarlogiuliani.org/heres-how-the-iphone-14s-always-on-display-will-outperform-all-android-phones/ Sat, 30 Jul 2022 22:18:44 +0000 https://piazzacarlogiuliani.org/heres-how-the-iphone-14s-always-on-display-will-outperform-all-android-phones/

It’s been rumored for some time now that the launch of the iPhone 14 Pro this fall will finally see Apple’s smartphone lineup get the screen functionality that’s always been available on Android for years. But a find in iOS 16 wallpapers means we now know how this feature will behave – and it looks like Apple is taking it up a notch.

After going through the internal files of the fourth beta version of iOS 16, 9to5Mac was able to recreate the way wallpapers will switch from normal mode to “Sleep” mode on the iPhone 14 Pro. While Android devices with always-on screens tend to completely disable wallpapers in their idle version and display a black background, the 14 Pro will do something a little more fun, and a whole lot more Apple.

As with the many faces available on the Apple Watch (which gained permanent functionality with the launch of the Series 5 in 2019), it looks like Apple will painstakingly create custom sleep versions of each wallpaper with colors muted and lower brightness, so they consume less power. There will also be less animation and less on-screen elements: just the clock and some widgets, perhaps.

The Sleep version of the classic clownfish wallpaper (right) is quieter and therefore less power hungry than normal one.


Of course, the bright colors and icons of your usual lock or home screen will return the moment you tap the screen or press the power button, just like they do on the Apple Watch.

Although these behaviors were discovered in iOS 16, it should be remembered that they will not be available for the many current devices that will be able to install this operating system. The always-on display feature is one of many new features that will be exclusive to the iPhone 14 Pro and Pro Max; even the new iPhone 14 will be excluded.

For the latest rumors on the launch this fall, check out our regularly updated iPhone 14 guide. And if you can’t wait until September, browse our guide to the best iPhone deals and make sure you’re getting the lowest possible price on the current range.

]]> HSBC bosses ‘in denial’ over China’s decision to split from Asian branch https://piazzacarlogiuliani.org/hsbc-bosses-in-denial-over-chinas-decision-to-split-from-asian-branch/ Sat, 30 Jul 2022 20:50:30 +0000 https://piazzacarlogiuliani.org/hsbc-bosses-in-denial-over-chinas-decision-to-split-from-asian-branch/

Top China expert accuses HSBC bosses of being in ‘public denial’ of Beijing’s determination to carve up the bank’s Asian operations

Divide: HSBC expands east and west

HSBC bosses are preparing to mount a vigorous defense this week against calls by major shareholder Ping An for the bank to be broken up.

But a top China expert this weekend accused bank bosses of being in “public denial” of Beijing’s determination to spin off HSBC’s Asian operations.

The lender’s executives are said to believe that a separation would be costly and disrupt its international business activities. They are expected to hold the line on any further breakout pushes this week when the banking giant releases its second-quarter results.

It comes after Ping An, the state-backed Chinese insurer that has built an 8% stake in recent years, launched a campaign in April to force the split. Then, last week, it emerged that HSBC had become the first foreign company operating in the country to officially establish a Chinese Communist Party (CCP) committee within its ranks.

HSBC’s board and several city figures claimed the company was stronger as a single entity because much of its revenue came from connecting businesses in the East and the South. ‘West.

But Michael Sheridan, communist state expert and author of The Gate To China, said a split of British society into separate Western and Asian businesses was now all but inevitable. He described HSBC as “the diamond bank of Hong Kong” and said officials in Beijing were desperate to get their hands on it. There are growing concerns about interference from Beijing.

Carmaker Stellantis this month scrapped its Jeep operation in the country and boss Carlos Tavares complained that political interference was increasing “day by day”.

City councilors told the Mail on Sunday that separating HSBC’s UK operations, with its Birmingham headquarters, regulated capital structure and management team, would be relatively straightforward. This would allow the rest of the group to “pivot” to Asia, they said.

A source said the question had been raised of ‘what to do’ with the UK business after the company sold its US retail banking network last year and the focus shifted to Asia. Another source said separation from the UK banking arm was not being considered.

Sheridan said: “There are good financial and business reasons to advocate a breakup. But the reason for [Ping An’s demand] is not financial or commercial – it is political.

“Ping An’s board did not wake up one morning to a sudden crisis of shareholder activism. HSBC’s senior management is in public denial. They try to reason financially and commercially against an argument that is not based on commercial grounds.

The bank is based in Britain, with a significant presence in the high streets of the UK. But it makes most of its money in Asia, leaving leaders walking a tightrope that means cooperating with the CCP.

This position has become increasingly unpleasant for British politicians after China imposed a draconian “national security” law on Hong Kong in 2020. Sheridan concludes that rising tensions since mean that HSBC and its boss , Noel Quinn, will ultimately have no choice but to split the bank.

HSBC has denied that the creation of a CCP committee at its investment bank – required by Chinese law if requested by employees – was prompted by anything other than a staff petition. But Sheridan said: ‘This is a high profile, state-controlled movement. This is the result of a political decree at the highest level in China. They want to split HSBC into a Western business and an Asian business.