Licensed Telecom Operator and ISP Positions Company to Serve Emerging Markets SAN ANTONIO, Texas, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Digerati Technologies, Inc. (OTCQB: DTGI) ("Digerati" or the "Company"), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business (SMB) market, announced today that it has entered into an agreement to acquire a minority ownership stake in Itellum Comunicaciones Costa Rica S.R.L (“Itellum”). Based in Costa Rica, Itellum is a fully licensed telecom operator and Internet Service Provider (ISP) serving a high-growth business market in Central America that includes Amazon, Intel, FedEx, and HP among the approximately 1,100 U.S. Companies operating in the region. Under the agreement, Digerati will expand on its long-standing relationship with Itellum as a regional Partner and Value-Added Reseller (“VAR”) for its cloud communication services. … [Read more...] about Digerati Technologies to Acquire Stake in Itellum for Expansion to Latin America
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INDIANAPOLIS, June 08, 2018 (GLOBE NEWSWIRE) -- Hurco Companies, Inc. (Nasdaq:HURC) today reported results for the second fiscal quarter ended April 30, 2018. Hurco recorded net income of $3,751,000, or $0.55 per diluted share, for the second quarter of fiscal 2018 compared to net income of $3,646,000, or $0.54 per diluted share, for the corresponding period in fiscal 2017. For the first six months of fiscal 2018, Hurco reported net income of $6,688,000, or $0.98 per diluted share, compared to $4,525,000, or $0.67 per diluted share, for the corresponding period in fiscal 2017. Sales and service fees for the second quarter of fiscal 2018 were $70,424,000, an increase of $12,202,000, or 21%, compared to the corresponding prior year period and included a favorable currency impact of $4,857,000, or 8%, when translating foreign sales to U.S. dollars for financial reporting purposes. Sales and service fees for the first six months of fiscal 2018 were $138,868,000, an increase of … [Read more...] about Hurco Reports Second Quarter Results for Fiscal 2018
Sanjay Mehrotra(R), Micron Technology chief executive officer, and Manish Bhatia(L) Micron Technology executive vice president of global operations, stand next to a visualization of a building Micron has leased in north San Jose. Micron Technology, in a major expansion of its Silicon Valley operations, has struck a deal to lease a big office campus in north San Jose, a fresh indicator of the tech boom in the Bay Area. George Avalos / Bay Area News Group Milpitas, 6-4-2018 Sanjay Mehrotra, chief executive officer of Micron Technology, tells employees at a Milpitas gathering about the company’s lease in north San Jose. Micron Technology, in a major expansion of its Silicon Valley operations, has struck a deal to lease a big office campus in north San Jose, a fresh indicator of the tech boom in the Bay Area. George Avalos / Bay Area News Group Milpitas, 6-4-2018 A portion of an office complex on Holger Way in north San Jose that until recently was the headquarters of tech … [Read more...] about Micron Technology shifts Silicon Valley operations to San Jose
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Advertisement Supported by Wheels ByLawrence Ulrich May 17, 2018 When General Motors recruited Johan de Nysschen to lead Cadillac in 2014, the prominent auto executive hoped for a cavalry of new sport-utility vehicles to shore up the luxury brand’s weakest position. As it awaited reinforcements, Cadillac soldiered on with a legion of widely praised sports sedans, the kind of beautifully engineered vehicles its German rivals would have been proud to call their own. But now Cadillac finds itself overrun by German and Asian S.U.V.s and G.M.’s leaders have parted ways with the man once seen as the brand’s future. And America’s premier luxury car brand must reckon with an uncomfortable truth. “Cadillac is just not selling what people want to buy today, especially in America,” said Karl Brauer, executive publisher … [Read more...] about Cadillac Makes Great Cars. Too Bad Americans Want S.U.V.s.
Can Washington’s “Russia hands” help explain why the post-Cold War relationship has gone off the rails? By KEITH GESSENMAY 8, 2018 Continue reading the main story Share This Page Continue reading the main story The strangest Russian political scandal so far this year — a year that hasn’t lacked for them — revolves around a Belarusian escort named Anastasia Vashukevich, who goes by the name Nastya Rybka. Rybka, whose pseudonym means “little fish,” is a prolific Instagrammer, a teacher of “sex workshops” and the author of a how-to book, “Who Wants to Seduce a Billionaire?” She became famous in Russia this year for having chronicled, on Instagram, her 2016 affair with one particular billionaire, Oleg Deripaska. A few weeks later, she caught the world’s attention after she was arrested in Thailand in the middle of a sex workshop and then claimed, from the back of a police van, that she possessed … [Read more...] about The Quiet Americans Behind the U.S.-Russia Imbroglio