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Rocket Lab launch fails during rocket’s second stage burn, causing a loss of vehicle and payloads - techcrunch

Rocket Lab launch fails during rocket’s second stage burn, causing a loss of vehicle and payloads

Rocket Lab’s ‘Pic or it didn’t happen’ launch on Saturday ended in failure, with a total loss of the Electron launch vehicle and all seven payloads on board. The launch vehicle experienced a failure during the second stage burn post-launch, after a lift-off from the Rocket Lab Launch Complex 1 on Mahia Peninsula in New […]
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How to watch Rocket Lab launch satellites for Canon, Planet and more live - techcrunch

How to watch Rocket Lab launch satellites for Canon, Planet and more live

Rocket Lab is launching a rideshare mission today which includes seven small satellites from a number of different companies, including primary payload provider Canon, which is flying a satellite equipped with the camera-maker’s Earth imaging technology, including high-res photo capture equipment. The Electron rocket that Rocket Lab is flying today will also carry five Planet […]
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This Week in Apps: India bans Chinese apps, Apple freezes game updates in China, iOS developer backlash continues - techcrunch

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Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day […]
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With summertime approaching and the ability to go back to enjoying the lake, beach, and parks, it’s time to get out the coolers to take food and drinks along for the day. I’ve dragged all types of coolers with me for years and only recently noticed that some now come with wheels — including YETI. […] The post YETI Tundra Haul Wheeled Cooler: Fun in the Sun appeared first on ReadWrite.
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R&D Roundup: Tech giants unveil breakthroughs at computer vision summit - techcrunch

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Computer vision summit CVPR has just (virtually) taken place, and like other CV-focused conferences, there are quite a few interesting papers. More than I could possibly write up individually, in fact, so I’ve collected the most promising ones from major companies here. Facebook, Google, Amazon and Microsoft all shared papers at the conference — and […]
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For over a decade, manufacturers have turned to automated solutions to improve their bottom line. Automation and machine vision are now being augmented and even replaced by AI. Here is the value of AI-based visual inspection in 2020. Value of AI-Based visual inspection Being replaced by AI is especially true when it comes to visual […] The post The Value of AI-Based Visual Inspection in 2020 appeared first on ReadWrite.
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techcrunch
Salesforce stock is taking a hit today after lighter guidance in yesterday’s earning’s report

Salesforce stock is taking a hit today after lighter guidance in yesterday’s earning’s report

techcrunch - 1 month ago

In spite of a positive quarter with record revenue that beat analyst estimates, Salesforce stock was taking a hit today because of lighter guidance. Wall Street is a tough audience.

The stock was down $8.29/share or 4.58% as of 2:15 pm ET.

The guidance, which was a projection for next quarter’s earnings, was lighter than what the analysts on Wall Street expected. While Salesforce was projecting revenue for next quarter in the range of $4.89 to $4.90 billion, according to CNBC, analysts had expected $5.03 billion.

When analysts see a future that is a bit worse than what they expected, it usually results in a lower stock price and that’s what we are seeing today. It’s worth noting that Salesforce is operating in the same economy as everyone else and being a bit lighter on your projections in the middle of pandemic seems entirely understandable.

In yesterday’s report CEO Marc Benioff indicated that the company has been offering some customers some flexibility around payment as they navigate the economic fallout of COVID-19, and the company’s operating cash took a bit of a hit because of this.

“Operating cash flow was $1.86 billion, which was largely impacted by delayed payments from customers while sheltering in place and some temporary financial flexibility that we granted to certain customers that were most affected by the COVID pandemic,” president and CFO Mark Hawkins explained in the analyst call.

Still, the company reported revenue of $4.87 billion for the quarter, putting it on a run rate of $19.48 billion.

In a statement, David Hynes, Jr of Canaccord Genuity still remained high on Salesforce. “If you step back and think about what Salesforce is actually providing, tools that help businesses get closer to their customers are perhaps more important than ever in a slower-growth, socially distanced world. We have long reserved a spot for CRM among our top names in large cap, and we feel no differently about that view after what we heard last night. This is a high-quality firm with many levers to growth, and as such, we believe CRM is a good way to get a bit of defensive exposure to the favorable trends at play in software.”

The company is after all still on the path to a $20 billion in revenue. As Hynes points out, overall the kinds of tools that Salesforce offers should remain in demand as companies look for ways to digitally transform much more rapidly in our current situation, and look to companies like Salesforce for help.

sauce: techcrunch
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