Technology

Apple Reportedly Says New ‘Sideloading’ Rules Has Some Users Worried About SafetyApple Reportedly Says New ‘Sideloading’ Rules Has Some Users Worried About Safety

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Apple (AAPL) is fielding concerns from selected public and private entities about possible security risks ahead of new rules in the European Union requiring the company to open up its devices to outside app suppliers, Reuters reported, citing company documents. Beginning March 7, Apple will be required to allow iPhone and Ipad users to download and buy apps from additional sources besides its App Store platform. The new rules mandated by the EU’s Digital Markets Act are intended to provide outside developers with more access into the Apple ecosystem, although the so-called “sideloading” of apps also is fueling worries from certain users whether the new sources will be safe. “These agencies – especially those serving essential functions such as defense, banking, and emergency services – have reached out to us about these new changes,” Apple said Friday in a guidance paper obtained by Reuters.

Apple Reportedly Says New ‘Sideloading’ Rules Has Some Users Worried About SafetyApple Reportedly Says New ‘Sideloading’ Rules Has Some Users Worried About Safety Read Post »

Dell Technologies Inc. (NYSE:DELL) Q4 2024 Earnings Conference

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The following is a summary of the Dell Technologies Inc. (DELL) Q4 2024 Earnings Call Transcript: Financial Performance: Dell reported FY24 revenue of $88.4 billion, operating income of $7.7 billion and EPS of $7.13. Q4 returned revenue of $22.3 billion, an operating income of $2.1 billion, and diluted EPS of $2.20. Dell generated $8.7 billion cash flow from operations with improved cash conversion cycle to negative 47 days. They delivered improved operating margin rate by focusing on higher gross margins and managing operating expenses effectively. Dell Financial Services origins were $8.4 billion for the year and $2.5 billion in Q4, with DFS managed assets concluding the year at $14.4 billion. Dell announced a 20% increase in annual dividend to $1.78 per share. Business Progress: AI-optimized server portfolio, especially the flagship PowerEdge XE9680 showed positive momentum in Q4 with nearly 40% sequential growth in orders. Dell witnessing three consecutive quarters of

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Dell Stock Set to Open at All-Time High After Earnings. Why It’s Good for Nvidia and AMD. — Barrons.com

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By Callum Keown Dell Technologies stock was set to open at a new record high Friday, but Thursday’s upbeat earnings could also give Nvidia and Advanced Micro Devices, who power its servers, an extra boost. Dell stock soared 24% to $117 ahead of the open, while Nvidia edged 1% higher and AMD rose 3%. “While the Nvidia ‘sizzle’ from the Dell call was so obvious, you may not realize how good this Dell quarter was for AMD,” Melius Research analyst Ben Reitzes said in a note Friday. “Traditional server CPUs picking up helps support AMD margins and lends further upside to its data center segment,” he added. Reitzes said that Intel may also benefit from Dell’s commentary around servers, but that upside from PC sales for the company, and AMD, won’t come along for another few quarters. Melius analysts have a Buy rating on Dell with a price target of

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HP Maintained Fiscal 2024 Free Cash Flow Outlook Despite Near-Term Commercial PC Weakness, BofA Says

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HP (HPQ) maintained its free cash flow outlook for fiscal 2024 despite near-term weakness in the commercial personal computer market, BofA Securities said Thursday. Late Wednesday, the company said it continues to expect to generate free cash flow of $3.1 billion to $3.6 billion for fiscal 2024. HP reported fiscal Q1 non-GAAP earnings that matched market expectations, while its revenue fell short. “We believe that FCF is the most important metric,” BofA said in a Thursday note. The brokerage lowered its price objective on the HP stock to $32 from $33 while reiterating its buy rating, citing “an improving PC outlook, higher [net present value] print projects, cost controls, and improving FCF coming off trough levels in F23,” according to the note. The company’s shares were down 0.9% in recent trading.

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CFRA Maintains Hold Opinion On Shares Of Hp Inc.

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target at $31 on a P/E of 8.6x, shifting to our CY 25 EPS view of $3.66, below peers on near-term growth headwinds. We cut our FY 24 EPS view to $3.40 from $3.44 and keep FY 25’s at $3.63. HPQ posted Q4 EPS of $0.81 vs. $0.75, in line with consensus. Sales fell 4% (5% cc), missing expectations, with declines in Personal Systems (PS; -4%) and Printing (-5%). Commercial and Consumer PS units were both up 10% and 2%, respectively, but down on a revenue basis due to lower average selling prices. Printing revenue declined as hardware demand slowed across both Consumer (-22%) and Commercial (-12%). This reflects challenging market conditions and aggressive pricing. Despite the soft first half, we see signs

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Salesforce to Benefit ‘Significantly’ From Generative AI Initiatives in Coming Years, Wedbush Says

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Salesforce (CRM) is poised to benefit “significantly” from its generative AI initiatives on the heels of “solid” fiscal Q4 results., Wedbush said Thursday in a report. “One of the biggest initiatives in the field is around monetizing the AI theme” in the “massive installed base,” Wedbush said. “We believe this is a major land grab opportunity that could significantly benefit [Salesforce] over the coming years and could increase overall revenue by $4 billion plus annually based on our estimates and field work by 2025.” Wedbush maintained its outperform rating on the stock and kept the price target at $325. “We continue to believe the risk/reward on [Salesforce] is compelling at current levels as the growth and margin story play out over the next 12 to 18 months,” Wedbush said. “The installed base opportunity is still underappreciated by the Street in our opinion as the [Salesforce] machine takes hold over the

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Snowflake Focus on AI Addresses Product Concerns, Macquarie Says

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Snowflake’s (SNOW) focus and investment in artificial intelligence addresses concerns about its product roadmap, Macquarie said in a note Thursday. Chief Executive Officer Frank Slootman’s departure was shocking, compounded by lower-than-expected fiscal 2025 guidance, the investment firm said. But, the firm welcomed the appointment of Sridhar Ramaswamy, senior vice president of AI, to the top job. “Nevertheless, we believe Snowflake’s product and sales organizations are also world-class and that its drivers are durable even without Mr. Slootman in charge,” the investment firm said. Macquarie upgraded Snowflake to outperform from neutral and lifted the price target to $205 from $182. Snowflake shares slumped nearly 19% in recent trading.

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Nvidia Stock’s Rally Is Amazing, but Not Extraordinary — Barrons.com

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By Teresa Rivas This leap year, it seems only a matter of time before someone suggests renaming Feb. 29 as Nvidia Day. At this point, Nvidia is a name inescapable to investors. Yet however important the artificial intelligence poster child is, the stock’s gains also reflect the state of investor sentiment more broadly. If that shifts, it could affect Nvidia’s ability to power a continuing rally in stocks. That isn’t to belittle Nvidia’s achievements and financial gains. It is a huge winner as the source of the graphics processing units other companies use for their artificial intelligence software. “It’s Nvidia’s world, and we’re just living in it,” wrote PennMutual Asset Management investment analyst Jackie Rogowicz in a research note. With a market capitalization that rivals the size of Canada’s economy — one that doubled from $1 trillion to $2 trillion in eight months — Nvidia has shown that the biggest

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