Tag Archives: Report
(Reuters) – Shares of Cisco Systems Inc and other network equipment makers fell on Friday after a report that Amazon.com Inc’s cloud services business was considering selling its own network switches to business customers at much lower prices.
Cisco’s shares were down 5 percent, wiping off nearly $ 11 billion from its market capitalization. Shares of Juniper Networks Inc and Arista Networks Inc fell 4 percent as investors feared that Amazon’s scale and pricing power could disrupt the sector.
The report comes days after Amazon sent shockwaves across the drug retailing sector with its move to buy small online pharmacy PillPack.
The networking devices will consist of open-source software and unbranded hardware known as “white-box” switches and come with built-in connections to AWS cloud services, such as servers and storage, the Information said.
Amazon Web Services could price its white-box switches 70-80 percent less than comparable switches from networking giant Cisco, the report said, citing one of the people with direct knowledge of the unit’s plan.
“If true, we think this would be a notable negative for the networking equipment space going forward,” RBC Capital Markets analyst Mitch Steves wrote in a note.
AWS expects to launch the switches for sale within the next 18 months, according to the report.
Amazon and Juniper did not immediately respond to a request for comment. Cisco and Arista declined to comment.
Reporting by Arjun Panchadar in Bengaluru; Editing by Arun Koyyur and Saumyadeb Chakrabarty
JAKARTA (Reuters) – Chinese video app Tik Tok, the most downloaded app globally on Apple Inc’s app store in January-March, will set up a team of censors in Indonesia to overturn a ban imposed for “inappropriate content”, local media reported on Thursday.
The app is popular among young people for its homemade music videos. But access was blocked on Tuesday by authorities in Indonesia, home to the world’s biggest Muslim population, for featuring content deemed pornographic and blasphemous.
Minister of Communication and Informatics Rudiantara told Reuters that the ban was temporary and could be lifted after Tik Tok cleaned up its content.
“We’ve asked Tik Tok to build a system that filters negative content and want them to have a liaison office in Indonesia,” the minister said on Thursday.
Tik Tok is operated by venture-capitalist backed Toutiao, one of China’s fastest-growing technology startups valued at over $ 30 billion, people familiar with the matter told Reuters.
A Toutiao spokesperson told media on Wednesday that Tik Tok would set up a team of 20 censors in Indonesia charged with monitoring and sanitizing content.
The firm’s vice president, Zhen Liu, was quoted by newspaper Tempo as saying Toutiao would add up to 200 employees to Tik Tok’s Indonesia office by the end of the year.
Rudiantara would not confirm to Reuters whether the changes would be sufficient to lift the ban.
Reuters could not reach Toutiao or Tik Tok for comment on Thursday.
Reporting by Cindy Silviana & Fanny PotkinEditing by Christopher Cushing
NEW DELHI (Reuters) – Tech news site ZDNet said on Sunday it stood by its report that identified a security vulnerability in data-linked to Aadhaar – India’s national identity card project, after a semi-government agency that manages the database sought to discredit the report.
ZDNet reported here that a data leak on a system run by a state-owned utility company could allow access to private information of holders of the biometric “Aadhaar” ID cards, exposing their names, their unique 12-digit identity numbers, and their bank details.
The Unique Identification Authority of India (UIDAI), which manages the Aadhaar program, said “there is no truth in this story,” in a statement late on Saturday.
ZDNet’s global editor-in-chief Larry Dignan said in an email to Reuters on Sunday the publication stood by its report. Dignan said they spent weeks compiling evidence and verifying facts.
“We spent weeks reaching out to the Indian authorities, specifically UIDAI, to responsibly disclose the security issue, and we heard nothing back — and no action was taken until after we published our story,” said Dignan.
UIDAI sought to downplay the report stating that even if the claims in the story were true, it would raise security concerns with the database of the utility company and not with the security of UIDAI’s Aadhaar database. UIDAI said it is “contemplating legal action against ZDNet”.
Multiple researchers and journalists, who have identified loopholes in India’s massive national identity card project, say they have been harassed here by some government agencies and slapped with criminal cases because of their work.
Aadhaar is a biometric identification card that is becoming integral to the digitisation of India’s economy, with over 1.1 billion users it is the world’s largest such database.
Indians have been asked to furnish their Aadhaar numbers for a host of transactions including accessing bank accounts, paying taxes, receiving subsidies, acquiring a mobile number, settling a property deal and registering a marriage.
The government’s demands for Aadhaar linkage for multiple services is currently being challenged here in India’s Supreme Court.
At the same time, security researchers and journalists have highlighted multiple vulnerabilities and data leaks tied to the program. UIDAI has sought to downplay the reports and last week it said the biometric data was safe from hacking as the storage facility was not connected to the internet.
Reporting by Malini Menon; Writing by Malini Menon and Krishna N. Das; Editing by Andrew Bolton, Euan Rocha and David Evans
Actually make that AWS, Google and Microsoft—three companies that get cloud computing. Cisco? Not nearly as much. Cisco, in this instance, is an …
Key takeaways for enterprise CXOs from the RightScale State of the Cloud 2017 report
“The desire to move quickly toward cloud computing appears to be on the agenda for most organizations. This year, the average time before …
Global Cloud Computing Market Research and Analysis, 2014-2020 is a new market research publication announced by RSMarketInsights.
The growth is attributed to the expansion of IBM’s key businesses, which includes cloud computing and AI solutions. ( Ethan Miller | Getty Images ).
British royal Prince Harry has reportedly struck up a romance with actress Meghan Markle.
The rumored couple is said to have met in Toronto, Canada in May 2016, when Harry was visiting the city, where Meghan’s TV drama Suits is filmed, to promote the 2017 Invictus Games.
According to Britain’s The Sunday Express, the pair has been taking things slowly, but Harry is “besotted” with his new lady.
“He’s happier than he’s been for many years,” a source says. “They are taking each week as it comes and just enjoying each other’s company but it’s fair to say that they love seeing each other and there’s a definite chemistry between them.
“Harry has been desperate to keep the relationship quiet because he doesn’t want to scare Meghan off. He knows things will change when their romance is public knowledge but he also knows he can’t keep it a secret for long.”
The insider adds, “It’s too early to say if the relationship will lead to anything long-term but who knows? At the moment, they are just taking it a step at a time and seeing how things develop.”
A spokesperson for royal residence Kensington Palace has declined to address the reports, stating they “would not comment on private matters”, while a representative for Meghan has yet to respond to requests for comment.
The actress, who also runs her own lifestyle blog, visited Harry’s native London over the summer, sharing snaps of her travels on Instagram. While there was no mention of the Prince in her posts, eagle-eyed fans noticed the 35-year-old has been wearing a beaded bracelet similar to one Harry has been spotted wearing in recent months, suggesting it was a gift from her new man.
The news of the reported romance emerges months after the Prince, 32, was linked to singer Ellie Goulding and actress Jenna Coleman, who both dismissed claims of a relationship, while Los Angeles native Meghan, 35, was previously married to talent manager Trevor Engelson, until their separation in 2013.
Oculus Rift founder Palmer Luckey has reportedly admitted to financially backing the pro-Trump political organization Nimble America.