Tech Giant Apple Exceeds Q2 Estimates

Dow 30 component Apple (AAPL) revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it.”

Market analysts predicted Apple to sell 52.3M iPhones, in the company’s Q2. The company kept in line with the estimate, selling 52.2M iPhones. Estimates also called for $2.64 earnings/share, and the technology company exceeded expectations with reported earnings of $2.73/share. Revenue was reported at $61.1B, beating analyst estimates of $60.9B.

Many investors who were concerned about the soft sales of iPhone X because of its high price can find relief in Apple’s quarter 2 earnings. While iPad sales were down this quarter, the YOY sales of the product were up. However, the Mac division of Apple saw sales decrease not only this quarter but in YOY comparison with only 4M sold in quarter two, less than the 5.1M from  Q1 and the 4.2M from Q2 2017.

Apple’s Board of Directors also approved a $100B share buyback as well as a 16% increase in its quarterly dividend.

Learn more about Apple and track its ongoing progress at Vista Partners Apple (AAPL) Coverage Page.

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Apple earnings beat, iPhone sales in-line, stock jumps

Apple has announced its Q2 2018 earnings…

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United Technologies Raises Outlook for 2018 After Topping Q1 Estimates

United Technologies Corporation (UTX) creates smart, sustainable solutions that are used to provide high-technology systems and services to both the building and aerospace industries.

United Technologies reported earnings per share of $1.77 for 2018 Q1, surpassing the estimates of $1.55 per share and increasing 20 percent from the year before. The technology company saw growth in adjusted operating profit across all four of its business units, as well as a raised sales and adjusted EPS outlook for the 2018 fiscal year.

Sales increased 10% from Q1 2017 to $15.2 billion that also included 6% organic growth.

Net income for the quarter was reported at $1.3 billion which was down 6% from Q1 2017. Capital expenditures totaled $337 million and cash flow from operations equaled $453 million.

“We are off to a solid start in 2018. Sales were up 10 percent, including 6 percent organic growth which represented our strongest first quarter organic growth rate since 2011, with all four businesses contributing. Our focus on innovation and execution is clearly paying off. Based on a strong first quarter performance and solid fundamentals at each of our businesses, we are raising our 2018 sales outlook to a range of $63 to $64.5 billion and raising our adjusted EPS outlook range to $6.95 to $7.15.* We remain committed to executing on our strategic priorities and are well positioned to deliver sustainable long-term shareowner value.” -UTC Chairman and Chief Executive Officer Gregory Hayes

To learn more about United Technologies Corp. (UTX) and to track its progress please visit the Vista Partners United Technologies Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
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Dow Receives Four Edison Awards for its Innovative Technology

The Dow Chemical Company is a part of the DowDupont Holding Company (DWDP), a business that is focused on agriculture, materials science and specialty product sectors that will lead their respective industries through productive, science-based innovation to meet the needs of customers and help solve global challenges.

Known for constant improvement and betterment, The Dow Chemical Company has been awarded the very prestigious Edison Award for not one, but four of their breakthrough technologies. The Edison Awards recognize excellence in new product and service development, marketing, human-centered design, and innovation. The winners are selected annually from thousands of nominees and are announced each year at the Edison Awards Gala in New York, New York.

In 2017, Dow was responsible for the granting of 789 U.S. patents, an all-time record high for the company.

Dow’s award-winning technologies include:

EA-4600 LV Hot Melt RTV Translucent Silicone Technology – Silver

Dow Performance Silicones Moldable Optical Silicone – Silver

EVOLV3D™ Universal Support Material – Bronze

Blue4est® with ROPAQUE™ NT-2900 Hollow Sphere Pigments – Bronze

The Awards were named for Thomas Alva Edison, an American inventor, and businessman who received 1,093 U.S. patents for his technologies and is best known for his inventions of the light bulb and phonograph.

Thomas Edison developed the industrial laboratory, focusing invention on well-defined market needs. It has been called research with a purpose.  Just like Edison, our research is customer focused, solving customer and societal needs and creating value for our shareholders. We are pleased to receive this recognition for our innovations and innovators.” -A.N. Sreeram , senior vice president, Research & Development, and chief technology officer for Dow

To learn more about Dow and DowDuPont (DWDP) and to continue to track its progress please visit the Vista Partners DowDuPont Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Dow Earns Four 2018 Edison Awards for Breakthrough Technologies

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The Home Depot Works Towards Strategic Investment Plan With 1,000 New Technology Professionals

The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs.

The Home Depot is set to hire 1,000 new technology professionals at its centers in Atlanta, GA; Austin, TX; and Dallas, TX throughout 2018. The goal of this move is to support initiatives related to the company’s $11.1B 3-year strategic investment plan. With the company looking to improve its online shopping experience, as well as its supply chain and delivery capabilities, advanced software engineering will be required along with system engineering, and UX design and product management.

The Home Depot was recently named to Fast Company’s 50 Most Innovative Companies because of their technology team’s use of the latest modern development stacks and practices across both the public and private cloud platforms. They also help build award-winning experiences for their customers and associates through use of artificial intelligence, augmented reality, machine learning, and big data.

To learn more about The Home Depot, Inc. (HD) and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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More on this story can be found at The Home Depot, Inc. company website.




How Would $1 Million Work for You This Year?

Bloomberg reported that a Japanese firm called Today Co., which operates a popular online fashion shopping site Zozotown, posted new job offerings recently seeking up to seven “genius” tech experts. What is amazing is that they are willing to pay nearly $1 million or 100 million yen for each tech expert per year in the fields of artificial intelligence, cryptography and robotics, according to a blog post.

This story hits close to home as I live in the San Francisco  Bay Area where tech workers are also in extremely high demand with the likes of Alphabet, Google, Apple, Facebook, etc. and countless startups continuously fighting for tech talent causing a similar escalation of income as well as real estate prices. Real estate prices in the bay area have gained value YOY for a record 70 straight months, according to real estate data firm CoreLogic.

It will be amazing to see how this race to acquire tech workers will play out over the next few years and what will be produced as well. What is clear is that all should be acquiring these skills and understanding in the tech field in these rapidly changing times and that you will be paid well. If you are not headed in this field of work, then it would seem smart to try and find good investments to capitalize on these trends from real estate to tech and back.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Japan Heads Toward $1 Million Salaries in Battle for Tech Talent

Japan is joining the global hiring frenzy for technology engineers, as the nation known for modest pay and lifetime employment competes for cutting-edge talent with China and the U.S…

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Cisco is Recipient of 2018 AT&T Supplier Award

Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol based networking and other communications technology.

This year’s 2018 AT&T Supplier Award will be received by Cisco for its outstanding performance and service to AT&T affiliates throughout the past year.

Cisco will receive recognition for its exceptional contributions in all of the selection criteria. The Supplier Award is selected based on supplier diversity results, teamwork, creative cost management solution, customer service, sustainability, and product/service performance.

“Over the last year, Cisco aligned themselves with AT&T’s priorities and exceeded our expectations in helping provide for our customers.” – Susan Johnson, executive vice president – Global Connections Management and Supply Chain, AT&T Services, Inc.

Cisco stated that it also looks forward to continuing its long-standing relationship with AT&T.

To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Bloomberg Reports That Apple Seeks to Use Own Chips in Macs Instead of Intel’s By 2020

Dow 30 component, Apple Inc. (AAPL), has announced its plan to use its own chips in its Mac computers hopefully as early as the year 2020. Currently, Apple uses processors from Intel Corp. (INTC).

Apple’s Kalamata, as this initiative is called according to Bloomberg’s report, is only in the early stages of development, but comes as part of Apple’s overall strategy to make their devices work together more seamlessly.

Apple has been using Intel’s chips for its Mac computers since 2005, but the company has been working to design its own chips for all of its devices for years now. Many believe that this goal of phasing Intel out by 2020 may prove to be a bit aggressive and that other pc makers will not follow Apple’s lead with regard to this initiative.

We can push the envelope on innovation. We have better control over timing, over cost and over quality.” -Chief Financial Officer Luca Maestri

To learn more about Apple (AAPL) and track its ongoing progress please visit the Vista Partners Apple Coverage Page.

To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Apple plans to replace Intel chips in Macs with its own: Bloomberg

Apple Inc (AAPL.O) is planning to use its own chips in Mac computers beginning as early as 2020, replacing processors from Intel Corp (INTC.O), Bloomberg reported on Monday, citing people familiar with the matter…

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Cisco Commits $50 Million to Help End Homelessness In Santa Clara

Cisco Systems, Inc. (CSCO) is a global technology leader that designs, manufactures, and sells Internet Protocol based networking and other communications technology.

Cisco has committed $50 million to Destination: Home to help end homelessness in Santa Clara County. The money will be used to help build more housing for vulnerable residents, improve technology capacity across the homeless services sector, and invest in practices that will most effectively help those in need of support.

Despite Silicon Valley being a prosperous community, Santa Clara County has nearly 7400 residents without homes and 2000 that are chronically homeless. This is the third highest chronic homeless rate in the US.

We can put an end to homelessness in Santa Clara County and there is no better partner in this work than Destination: Home. I hope to join together with other business leaders across the technology industry so that with our collective creativity and innovative spirit, we can create a thriving community for all—including those who need our help the most.” -said Chuck Robbins, Chairman and CEO of Cisco.

Cisco has put the first $20 million towards this project through the Cisco Fund at the Silicon Valley Community Foundation.

To learn more about Cisco Systems, Inc. (CSCO) and to continue to track its progress please visit the Vista Partners Cisco Systems, Inc. Coverage Page.

Cisco to Provide Destination: Home with $50 Million Over Five Years to Help End Homelessness in Santa Clara County

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“Fusion Delivered Outstanding Results Over The Course of 2017” – Matthew Rosen CEO

Fusion (FSNN), is a leading provider of integrated cloud solutions to small, medium and large businesses. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud communications, contact center, cloud connectivity, and cloud computing. Fusion’s innovative, yet proven cloud solutions lower their customers’ cost of ownership, and deliver new levels of security, flexibility, scalability, and speed of deployment. In January 2018, Fusion acquired the intellectual property and substantially all of the other assets of IQMax, a pioneer in developing secure messaging, enterprise data integration and advanced cloud communications solutions
In February 2018, Fusion completed a public offering of 12,937,500 shares of its common stock at a price of $3.20 per share, for gross proceeds of $41.4 million and for net proceeds of $38.7 million (after underwriting discounts and commissions, but before estimated offering expenses payable by Fusion)

Today, Fusion announced financial results for its fourth quarter and full year ended December 31, 2017. Consolidated revenue grew 36% to $40.3 million, compared to $29.6 million in Q4 2016 while Business Services segment revenue grew 19% to $29.6 million, compared to $24.8 million in Q4 2016. Consolidated Full Year revenue grew 21% to $150.5 million, compared to $124.7 million in 2016, driven by a 32% increase in Business Services segment revenue to $117.3 million.

Matthew Rosen, Fusion’s Chief Executive Officer stated “Fusion delivered outstanding results over the course of 2017,” said Matthew Rosen, Fusion’s Chief Executive Officer. “Excluding the contribution from Apptix, the company achieved year-over-year revenue growth in Business Services for all four quarters, confirming that our strategy is working and demonstrating the strength of our value proposition in the marketplace. This performance was highlighted by Fusion’s strong growth and solid operational metrics in Business Services in the fourth quarter. We also saw sustained positive momentum in organic bookings and in the contract value of our backlog, which bodes well for the future as we convert these customer wins to revenue.

We have also made significant progress toward closing the Birch acquisition. Over the past several months, teams from both sides have been working closely together to develop detailed integration plans so that we will hit the ground running on Day One after the close. We also received overwhelming support for the transaction at our shareholder meeting in February. While the regulatory process has taken longer than expected, only one more state application requires approval for us to be in a position to close the transaction, and we expect to obtain this by the end of the first week of April.

Meanwhile, the debt syndication process remains extremely active, and we are as confident as ever in closing the financing. The lengthy regulatory approval process has given us a greater opportunity to work on achieving the best possible terms for Fusion, in light of both present and future opportunities to create shareholder value through acquisitions. We continue to feel very good about the deal today and believe we have a clear path to closing the financing in the near term.”

Michael Bauer, Fusion’s Chief Financial Officer stated, “Fusion’s strong year-over-year Adjusted EBITDA growth in the fourth quarter and for full year demonstrates our ability to successfully identify and integrate acquisitions. In 2017, Fusion achieved all of the cost synergies related to Apptix. With the additional liquidity from our recent equity offering, we believe that Fusion is well positioned for sustained future growth to create long-term value, leveraging the unique and compelling single source platform we have built over the past six years.”

To learn more about Fusion (Nasdaq: FSNN) and to track its progress please visit the Vista Partners Fusion (FSNN) Coverage Page.

 

Fusion Reports Fourth Quarter and Full Year 2017 Financial Results

NEW YORK, March 22, 2018– Fusion, a leading cloud services provider, today announced financial results for its fourth quarter and full year ended December 31, 2017.. Consolidated revenue grew 36% to $40.3 …..

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Intel’s Quarterly Cash Dividend Declared

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible. Intel designs, manufactures, and sells integrated digital technology globally.

Intel Corporation Board of Directors declared a quarterly dividend of $0.30 per share on the company’s common stock ($1.20 annual basis). The dividend is payable June 1, 2018 to those stockholders as of record at the close of business on May 7, 2018.

To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page.

Intel Declares Quarterly Cash Dividend

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