Morning Beat: Amazon.com, Inc. (AMZN), BlackBerry Ltd (BBRY), and T-Mobile US Inc (TMUS)
Amazon.com, Inc. (NASDAQ:AMZN) is diversifying its operations away from e-commerce and Cloud Computing straight into the semiconductor business. Amazon acquired an Israeli company last year for $350 million that has given it a jump start there. The e-commerce giant has confirmed the availability of an Alpine line of ARM-based processors
The likes of Asus, Netgear, and Synology are already using the chips to power Wi-Fi Routers, connected home products, and data storage gear. The chips on offer come with four processors featuring an array of networking technology. Amazon.com, Inc. (NASDAQ:AMZN) is using the chips to target mostly low-power devices for storage and networking.
BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is working on two other devices that will run on Alphabet Inc. (NASDAQ:GOOGL)’s Android OS. CEO, John Chen, made the announcement at the ongoing Consumer Electronics show in Las Vegas. The unidentified device and new smartphone should be ready for market later in the year.
The news should add fuel to rumors that BlackBerry Ltd (NASDAQ:BBRY) is considering going all out on Android, with its future products. The news continues to evoke mixed reactions especially with consumers rooting for more BlackBerry 10 devices.
Going Android seems to be working for the Canadian company having seen its hardware business fail to register any form of growth in the recent past.
T-Mobile US Inc (NASDAQ:TMUS) has inked a multi-year agreement with AEG and MGM Resorts to become the name sponsor of a 20,000 seat Las Vegas Arena. Set for opening on April 6, the arena will go by the name T-Mobile Arena.
The arena is designed to host an array of events ranging from concerts to UFC bouts as well as college basketball. It could also play host to an NHL team. T-Mobile US Inc (NASDAQ:TMUS) promises charging stations in the Las Vegas arena with its customers poised to enjoy special perks such as seat upgrade opportunities.
The carrier joins the likes of AT&T Inc. (NYSE:T) and Sprint Corp (NYSE:S) that have already pulled stadium naming moves.
Time Warner Cable Inc (NYSE:TWC) has raised the red flag over concerns that hackers could have gained access to data belonging to as many as 320,000 customers. Email addresses and passwords belonging to the customers could have been compromised through what the cable giant says was an indirect data breach.
The company is yet to determine how exactly the perpetrators gained access to the data even as it maintains its systems were not in any way breached. The company is attributing phishing attacks to the data breach
Time Warner Cable Inc (NYSE:TWC) is currently sending emails to customers whose data accounts could have been compromised.
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