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Quick Take Aspen Technology ( AZPN ) announced it has acquired Mnubo for approximately $78 million in cash. Mnobu operates as a provider of artificial intelligence and analytical infrastructure solutions for Internet of Things [IoT] applications. With the acquisition, AZPN is adding si...
Given the long-term performance of Atlas Copco ( ATLKY ), I can understand why sell-side analysts look for excuses to get more positive on the name, and despite multiple data points of spreading weakness in multiple industrial end-markets, consensus EBITDA has risen about 7% in just the past...
When I last wrote about Yaskawa ( OTCPK:YASKY ) in April, I thought the market and sell-side analysts were far too willing to buy into management’s story that the worst was over in the factory automation market. I thought that because Yaskawa had seen a severe drop in its Chinese bu...
Schneider Electric ( OTCPK:SBGSY ) has continued to do reasonably well, slightly outperforming the broader industrial group since its first quarter earnings release and pulling ahead of the group on a trailing twelve month basis. With the company’s Wednesday investor day in the books,...
Siemens ( OTCPK:SIEGY +2.1% ) cites the need for savings of €500M ($559M) in the business to improve competitiveness as it announces planned cuts of 2,700 jobs at its gas and power company. More news on: Siemens Aktiengesellschaft, Energy stocks news, Stocks on the move, Rea...
General Electric ( GE -0.5% ) potentially stands to win a large share of multibillion-dollar contracts to rebuild Iraq's electricity system, reflecting a change in how Iraq intends to award the work after the U.S. government lobbied for the company, Reuters reports. More news on: Gener...
Today's Top Stories: Will market drop extend to June?; trade war endangers MAGA; and talks with Mexico. If you are interested in listening to Wall Street Breakfast to start your day, look for us in the following places: iTunes (find all Seeking Alpha Podcasts here ) Stitche...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Stitcher and Spotify (click the highlighted links). The House Judiciary Committee unveiled a sweeping "top-to-bottom" review of unnamed tech companies l...
The SEC is investigating Siemens ( OTCPK:SIEGY ), Philips (NYSE: PHG ) and General Electric (NYSE: GE ) for allegedly using local middlemen to negotiate bribes with Chinese government and hospital officials to sell medical equipment, Reuters reports. More news on: Siemens Aktiengesellsch...
A while back, I wrote an article for SA entitled, " Transnational Companies - More Reliable Than Countries Right Now". I led off that piece with three points: a) "Cooperative and open international systems are under attack from the left and right", b) "To deny globalization is to ignore longs...
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Siemens simplifies development of AI accelerators for advanced system-on-chip designs with Catapult AI NN PR Newswire Catapult AI NN offers software engineers a comprehensive solution to synthesize AI Neural Nets Enables software development teams to seamlessly trans...