Category: Technology

Comstock Inc. (LODE) – Development Plans Move into Clearer View

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Tuesday, October 31, 2023

Comstock (NYSE: LODE) innovates technologies that contribute to global decarbonization and circularity by efficiently converting under-utilized natural resources into renewable fuels and electrification products that contribute to balancing global uses and emissions of carbon. The Company intends to achieve exponential growth and extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, by selling an array of complimentary process solutions and related services, and by licensing selected technologies to qualified strategic partners. To learn more, please visit www.comstock.inc.

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Comstock Fuels strategy becomes more apparent. During Comstock’s third quarter update, Mr. William McCarthy, COO, discussed Comstock Fuels’ recent achievements and plans to build and own the first Bioleum hub with a goal to develop and license future hubs to third parties. The goal is to ultimately be involved with developing and licensing 99 additional Bioleum hubs to collectively produce 2.5 billion gallons of advanced biofuel with low carbon intensity using 25 million tonnes of biomass.

Comstock Metals photovoltaics recycling facility. Comstock Metals is deploying a demonstration system to commercialize technologies for use in efficiently crushing, conditioning, extracting, and recycling metal concentrates from photovoltaics and other electronic devices. Comstock Metals has submitted all permits for operating its manufacturing facility in Silver Springs, Nevada, and expects the receipt of permits and full deployment of its entire production system by the end of 2023. Operations are anticipated to commence in early 2024. Comstock Metals expects initial supply-revenue agreements in advance of production.


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AMD’s Future Hinges on AI Chip Success

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Chipmaker Advanced Micro Devices (AMD) offered an optimistic forecast this week for its new data center AI accelerator chip, predicting $2 billion in sales for the product in 2024. This ambitious target represents a crucial test for AMD as it seeks to challenge rival Nvidia’s dominance in the artificial intelligence (AI) chip market.

AMD’s forthcoming MI300X processor combines the functionality of a CPU and GPU onto a single chip optimized for AI workloads. The chipmaker claims the MI300X will deliver leadership performance and energy efficiency. AMD has inked deals with major hyperscale cloud customers to use the new AI chip, including Amazon Web Services, Google Cloud, Microsoft Azure and Oracle Cloud.

The $2 billion revenue projection for 2024 would represent massive growth considering AMD expects a modest $400 million from the MI300X this quarter. However, industry analysts caution that winning significant market share from Nvidia will prove challenging despite AMD’s technological advancements. Nvidia currently controls over 80% of the data center AI accelerator market, fueled by its popular A100 and H100 chips.

“The AI chip market is still in its early phases, but it’s clear Nvidia has built formidable customer loyalty over the past decade,” said Patrick Moorhead, President of Moor Insights & Strategy. “AMD will need to aggressively discount and wow customers with performance to take share.”

AMD’s fortunes sank earlier this year as the PC market slumped and excess inventory weighed on sales. Revenue from the company’s PC chips dropped 42% in the third quarter. However, AMD sees data center and AI products driving its future growth. The company aims to increase data center revenue by over 60% next year, assuming the MI300X gains traction.

But AMD faces headwinds in China due to new U.S. export rules limiting the sale of advanced AI chips there. “AMD’s ambitious sales target could prove difficult to achieve given the geopolitical climate,” said Maribel Lopez, Principal Analyst at Lopez Research. China is investing heavily in AI and domestic chipmakers like Baidu will be courting the same hyperscale customers.

Meanwhile, Intel aims to re-enter the data center GPU market next year with its new Ponte Vecchio chip. Though still behind Nvidia and AMD, Intel boasts financial resources and manufacturing scale that shouldn’t be underestimated. The AI chip market could get very crowded very quickly.

AMD CEO Lisa Su expressed confidence in meeting customer demand and hitting sales goals for the MI300X. She expects AMD’s total data center revenue mix to shift from approximately 20% today to over 40% by 2024. “The AI market presents a tremendous opportunity for AMD to grow and diversify,” commented Su.

With PC sales stabilizing, AMD raising its AI chip forecast provided a sigh of relief for investors. The company’s stock rebounded from earlier losses after management quantified the 2024 sales target. All eyes will now turn to AMD’s execution ramping production and adoption of the MI300X over the coming year. AMD finally has a shot at becoming a major player in the AI chip wars—as long as the MI300X lives up to the hype.

President Biden’s Sweeping AI Executive Order: What Investors Need to Know

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On October 30th, President Biden signed a landmark executive order to increase oversight and regulation of artificial intelligence (AI) systems and technologies. This sweeping regulatory action has major implications for tech companies and investors in the AI space.

The order establishes new security and accountability standards for AI that companies must meet before releasing new systems. Powerful AI models from leading developers like Microsoft, Amazon, and Google will need to undergo government safety reviews first.

It also aims to curb harmful AI impacts on consumers by mandating privacy protections and anti-bias guardrails when algorithms are used in areas like housing, government benefits programs, and criminal justice.

For investors, this secures a leadership role for the U.S. in guiding AI development. It follows $1.6 billion in federal AI investments this fiscal year and supports American competitiveness versus China in critical tech sectors.

Here are the key takeaways for investors and industries affected:

Tech Giants – For AI leaders like Alphabet, Meta, and Microsoft, compliance costs may increase to meet new standards. But early buy-in by these companies helped shape the order to be achievable. The upfront reviews could also reduce downstream AI risks.

Chipmakers – Companies like Nvidia and Intel providing AI hardware should see continued demand with U.S. positioning as an AI hub. But if smaller competitors struggle with new rules, consolidation may occur.

Defense – AI has become vital for advanced weapons systems and national security. The order may add procurement delays but boosts accountability in this sensitive area. Northrop Grumman, Lockheed Martin and other defense contractors will adapt.

Automotive – Self-driving capabilities rely on AI. Mandating safety reviews for AI systems helps build public trust. Automakers investing heavily in autonomy like GM, Ford and Waymo will benefit.

Healthcare – AI holds promise for improving patient care and outcomes. But bias concerns have arisen, making regulation welcome. Medical AI developers and adopters such as IBM Watson Health now have clearer guidelines.

Startups – Early-stage AI innovators may face added hurdles competing as regulations rise. But they can tout adherence to government standards as a competitive advantage to enterprises adopting AI.

China Competition – China aims to lead in AI by 2030. This order counters with U.S. investment, tech sector support, and global cooperation on AI ethics. Investors can have confidence America won’t cede this key industry.

While adaptation will be required, investors can find opportunities within the AI landscape as it evolves. Companies leaning into the new rules and transparency demands can realize strategic gains.

But those lagging in ethics and accountability may see valuations suffer. disciplines like algorithmic bias auditing will now become critical enterprise functions.

Overall the AI executive order puts guardrails in place against unchecked AI harms. Done right, it can increases trust and spur responsible innovation. That’s a bullish signal for tech investors looking to deploy capital into this transformative sector.

ISG Women in Digital Award Winners Named for EMEA

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Research News and Market Data on III

10/27/2023

Leaders with Amazon, Atos, Foundever, Kinseed and Unisys named winners in five award categories

LONDON–(BUSINESS WIRE)– Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, today announced the winners of the first ISG Women in Digital Awards program for the Europe, Middle East and Africa (EMEA) region, recognizing women and their achievements in the digital world.

At a live, virtual award ceremony yesterday, leaders with Amazon, Atos, Foundever, Kinseed and Unisys were honored as winners in five categories, as selected by a panel of industry judges.

“The winners of the inaugural ISG Women in Digital Awards program in EMEA were chosen from an exceptional field of more than 100 highly accomplished finalists,” said Steve Hall, partner and president, ISG EMEA. “It is an honor to recognize the accomplishments and skills our nominees and winners are bringing to the digital industry.”

An independent panel of judges, comprised of Helen Ricardo, vice president, head of Strategic Growth, Atos; Isabelle Roux-Chenu, former group general counsel, head of Group Commercial & Contract Management and senior advisor to Group Chairman & CEO for Capgemini, and Ola Chowning, partner and Digital lead for ISG North Europe, evaluated the nominations and selected the following winners:

Rising Star: for demonstrating exceptional and continuous growth, with increasing levels of leadership, responsibility and sphere of impact:
Gold Winner: Mariana Diniz, vice president, head of global digital solutions, Foundever
Silver Winner: Aditi Sarao, senior director, new business UK&I, Tech Mahindra
Bronze Winner: Alexandra Dehnert, vice president, Genpact

Women’s Advocate: for playing an active role guiding women to succeed in the digital world:
Gold Winner: Mitali Gohel, senior program manager, Amazon
Silver Winner: Karin Schönwetter, vice president and technology managing director, IBM
Bronze Winner: Vinoliah Martin, client executive, Microsoft South Africa

Digital Innovator: for making a significant impact on an organization, business or client through creative use of digital solutions:
Gold Winner: Pal Bhusate, CEO and founder of Kinseed
Silver Winner: Ruha Antony, lead innovation and technology, Nestlé Germany
Bronze Winner: Anca Iordanescu, vice president of engineering – Stores of the Future, IKEA

Rock Star Leader: for leading a major transformation with significant business impact and demonstrating exceptional leadership skills:
Gold Winner: Berenice Chassagne, CEO of Growing Markets, Atos
Silver Winner: Nicole Henderson, deputy director, Business Relationship Management, UNHCR
Bronze Winner: Moira Cheng, senior manager, IT Operations & Experience, Vodafone

Patrycja Sobera, global vice president of delivery for Digital Workplace Solutions, Unisys, was chosen by the judges as the Digital Titan of the Year for EMEA from the entire pool of regional nominees, recognizing her as the most outstanding woman in digital for the region for 2023.

The awards program, launched in the Americas in 2022, was expanded for 2023 to the EMEA and Asia Pacific regions, including India. The global program received a total of 327 nominees, who are listed in an online ISG Women in Digital eBook. Awards for EMEA were presented October 26, at 6 p.m., BST. Awards for the Americas were presented on September 7, and Awards for Asia Pacific and India were presented on October 11.

“Women are breaking barriers and making lasting, positive changes in digital and technology leadership roles,” said Kimberly Tobias, ISG director and head of the ISG Women in Digital program. “We are honored to recognize the success of each person nominated. Congratulations to our 2023 winners.”

Created in 2018, the ISG Women in Digital community provides a platform to exchange practical advice and innovative ideas on diversity and advancement in the workplace. The community hosts a LinkedIn page, an ongoing ISG Digital Dish podcast series, and regular events for ISG employees and the greater IT and business services industry.

For more information about the ISG Women in Digital Awards, contact ISG.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

Source: Information Services Group, Inc.

Tech Stocks Stumble Despite Strong Earnings from Alphabet and Meta

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Tech stocks have taken it on the chin over the past two days, with the Nasdaq tumbling nearly 3.5%, despite stellar earnings reports from two giants in the space. Alphabet and Meta both exceeded expectations with their latest quarterly results, yet saw their shares plunge amid broader concerns about economic conditions weighing on future growth.

Alphabet posted robust advertising revenues, with Google Search and YouTube continuing to hum along as profit drivers. However, its Google Cloud division came up shy of estimates, expanding at a slower pace as clients apparently pulled back on spending. This reignited worries about Alphabet’s ability to gain ground on the cloud leaders Amazon and Microsoft.

Meanwhile, Meta also topped analyst forecasts, led by better ad revenues at Facebook and Instagram. But in the earnings call, Meta CFO Susan Li warned that the conflict in the Middle East could impact advertising demand in the fourth quarter. This injected uncertainty into Meta’s outlook, leading the stock lower.

The sell-off in these tech titans reflects overall investor angst regarding the challenging macroeconomic environment. While both companies beat expectations for the just-completed quarter, lingering headwinds such as high inflation, rising interest rates, and global conflicts have markets on edge.

Details

This skittishness has erased the gains tech stocks had made earlier in the year after a dismal 2022. Meta and Alphabet remain in positive territory year-to-date, but have given back chunks of their rallies from earlier this year. Other tech firms like Amazon and Apple are also dealing with the fallout ahead of their upcoming earnings reports.

The market is taking a “sell first, ask questions later” approach with these stocks right now. Even as fundamentals remain relatively sound, any whiff of weakness or caution from management is being seized upon as a reason to sell. The slightest negative data point is exaggerated amid the unsettled backdrop.

Both Alphabet and Meta have been aggressively cutting costs after overindulging during the pandemic boom years. But investors are now laser-focused on the revenue outlook, rather than celebrating the expense discipline. If top-line growth decelerates materially, the bottom-line gains from cost reductions will be moot.

For now, the Nasdaq remains in a confirmed uptrend, so this could prove to be just a brief pullback before tech stocks regain their footing. Many firms in the sector remain highly profitable with solid balance sheets. But the risk is that slowing economic activity and consumer jitters will weigh on future earnings potential.

Tech investors may need to buckle up for more volatility ahead. The days of easy gains propelled by boundless growth and ultra-low interest rates appear to be over. Now tech companies face much more skeptical scrutiny of their business fundamentals. In an environment where growth is harder to come by, even stellar quarterly results may not be enough to pacify traders worried about what lies ahead.

PCTEL to be Acquired by Amphenol in $139.7 Million All-Cash Deal

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PCTEL, a leading global provider of wireless technology solutions, announced last week that it has reached a definitive agreement to be acquired by Amphenol Corporation in an all-cash transaction valued at approximately $139.7 million.

Under the terms of the agreement, Amphenol will acquire all outstanding shares of PCTEL common stock for $7.00 per share. This offer price represents a premium of over 50% compared to PCTEL’s closing share price of $4.62 on October 13, 2023, the last full trading day before the deal was announced.

The acquisition will allow PCTEL to leverage Amphenol’s global presence, dedicated customer base, and scale to accelerate the growth of PCTEL’s business. Amphenol is one of the world’s largest providers of high-technology interconnect, sensor and antenna solutions.

PCTEL is seen as a clear innovation leader in wireless technology solutions, making it an excellent strategic fit within Amphenol’s portfolio. PCTEL’s capabilities in antennas and test and measurement will complement Amphenol’s strengths in interconnect and sensor technologies.

The deal has been approved by PCTEL’s Board of Directors and is expected to close either in Q4 2023 or early 2024, subject to shareholder approval and customary closing conditions. Once the acquisition is completed, PCTEL will no longer be a publicly traded company on the Nasdaq.

PCTEL provides purpose-built Industrial IoT devices, antenna systems, and test and measurement products to customers worldwide. The company has built trusted relationships through nearly 30 years of experience solving complex wireless challenges and helping organizations stay connected, transform and grow.

Take a moment to take a look at Comtech Telecommunications Corp., a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies.

Amphenol has a diversified presence across high-growth segments including automotive, broadband communications, commercial aerospace, industrial, information technology, military, mobile devices and mobile networks. Amphenol’s sustained financial strength and entrepreneurial culture will support taking PCTEL’s business to new heights.

The transaction follows a nearly year-long strategic review process overseen by PCTEL’s Board of Directors. In their announcement, PCTEL highlighted that Amphenol’s culture is well-aligned and will provide a valuable home for PCTEL’s global employees after the acquisition.

For investors, the all-cash deal provides certainty of value at an attractive premium to PCTEL’s recent trading prices. The $7.00 per share price is over 50% higher than the 30-day volume weighted average share price prior to the deal announcement.

PCTEL’s CEO David Neumann noted that the company’s team has done an excellent job growing the business and meeting strong customer demand globally, especially for high reliability applications. This established market position made PCTEL an appealing target for Amphenol.

The deal marks an exciting milestone for PCTEL, allowing the company to join forces with an industry leader in Amphenol. Investors can expect an accelerated growth trajectory as the combined companies leverage their technical strengths and customer relationships.

After 29 years as an independent public company, PCTEL is set to start an exciting new chapter as part of Amphenol. This transaction highlights the ongoing demand for antennas, sensors and other wireless connectivity technology solutions.

Nvidia and Chip Stocks Tumble Amid Escalating China-U.S. AI Chip Export Tensions

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Shares of Nvidia and other semiconductor firms tumbled Tuesday morning after the U.S. announced stringent new curbs on exports of artificial intelligence chips to China. The restrictions spooked investors already on edge about the economic fallout from deteriorating U.S.-China relations.

Advanced AI chips like Nvidia’s flagship A100 and H100 models are now barred from shipment to China, even in downgraded versions permitted under prior rules. Nvidia stock plunged nearly 7% on the news, while chip stocks like Marvell, AMD and Intel sank 3-4%. The Philadelphia Semiconductor Index lost over 5%.

The export crackdown aims to hamper China’s progress in developing cutting-edge AI, which relies on massive computing power from state-of-the-art chips. U.S. officials warned China could use next-generation AI to threaten national security.

“We have specific concern with respect to how China could use semiconductor technologies to further its military modernization efforts,” said Alan Estevez, an under secretary at the Commerce Department.

But hampering China’s AI industry could substantially dent revenues for Nvidia, the dominant player in advanced AI chips. China is estimated to account for billions in annual sales.

While Nvidia said the financial impact is not immediate, it warned of reduced revenues over the long-term from tighter China controls. Investors are concerned these export curbs could be just the beginning if tensions continue to escalate between the global superpowers.

The escalating trade barriers also threaten to disrupt global semiconductor supply chains. Many chips contain components sourced from the U.S., Japan, Taiwan and other countries before final manufacturing and assembly occurs in China. The complex web of cross-border production could quickly seize up if trade restrictions proliferate.

Nvidia and its peers sank Tuesday amid fears of being caught in the crossfire of a technology cold war between the U.S. and China. Investors dumped chip stocks on worries that shrinking access to the massive Chinese market will severely depress earnings.

AI chips are essential to powering everything from data centers, autonomous vehicles, and smart devices to facial recognition, language processing, and machine learning. As AI spreads across the economy, demand for specialized semiconductors is surging.

But rivalries between the U.S. and China now threaten to put a ceiling on that growth. Both nations are aggressively competing to dominate AI research and set the global standards for integrating these transformative technologies. Access to the most powerful AI chips is crucial to these efforts.

By curbing China’s chip supply, the U.S. administration aims to safeguard America’s edge in AI development. But tech companies may pay the price through lost revenues if China restricts access to its own market in retaliation.

For the broader stock market already on edge about resurgent inflation, wars in Ukraine and the Middle East, and rising interest rates, the intensifying technology cold war represents yet another worrying threat to global economic growth. While a severe downturn may ultimately be avoided, the rising risk level underscores why investors are growing more anxious.

Comtech Telecommunications (CMTL) – A Transformational Year

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Tuesday, October 17, 2023

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.

Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

4Q23 Results. Revenue of $148.8 million was up 9.2% sequentially, well above the management’s 1%-4% projected sequential growth. Y-o-Y revenue was up 17.2%. We were at $140 million. Adjusted EBITDA totaled $18.9 million, versus $12.7 million in 4Q22. We were at $13.4 million. Comtech reported a net loss of $5.3 million, or a loss of $0.19 per share, compared to a net loss of $6.9 million, or $0.26 per share last year. Adjusted EPS was $0.29 versus $0.24. We had forecast a net loss of $8.2 million, or a loss of $0.29 per share, and adjusted EPS of $0.21.

Transformational Year. We believe FY23 was a transformational year for Comtech. The business structure has been simplified, synergies are becoming apparent, cost savings can be seen in the operating results, and major new contract awards provide a solid foundation for future growth.


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Release – ISG Women in Digital Award Winners Named for Asia Pacific and India

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Research News and Market Data on III

10/11/2023

Leaders with ANZ Group Holdings, Australia Post, Silverlake Axis, Tech Mahindra and VicRoads named winners in five award categories

STAMFORD, Conn.–(BUSINESS WIRE)– Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, today announced the winners of the first ISG Women in Digital Awards program for the Asia Pacific region, including India, recognizing women and their achievements in the digital world.

At a live, virtual award ceremony earlier today, leaders with ANZ Group Holdings, Australia Post, Silverlake Axis, Tech Mahindra and VicRoads were honored as winners in five categories, as selected by a panel of industry judges.

“In our inaugural year for Asia Pacific and India, the ISG Women in Digital Awards program received more than one hundred nominations of exceptional women who are changing the face of the digital economy in this region,” said Scott Bertsch, ISG partner and regional leader, ISG Asia Pacific, and executive sponsor of ISG Women in Digital in Asia Pacific. “All nominees, and each woman recognized with an award, are making unique and impactful contributions to advancing digital business in this part of the world, and we are delighted to celebrate their success.”

An independent panel of judges, comprised of Jenny Watson, senior director of technology for health insurance and business services, Bupa; Kaylene O’Brien, managing director, Capgemini Australia and New Zealand, and Namratha Dharshan, chief business leader, ISG Research, evaluated the nominations and selected the following winners:

  • Rising Star: for demonstrating exceptional and continuous growth, with increasing levels of leadership, responsibility and sphere of impact:

Gold Winner: Cassandra Goh, deputy CEO, Silverlake Axis

Silver Winner: Deepti Kakkar Wadhwa, associate director, Cognizant

Bronze Winner : Sindhura Guturu, Agile project manager LTIMindtree

  • Women’s Advocate: for playing an active role guiding women to succeed in the digital world:

Gold Winner: Grace Zielinski, director, technology operations, VicRoads

Silver Winner : Kavita Kapoor, chief financial officer, Quinnox

Bronze Winner : Kate Hickman, chief people officer, Infoxchange

Digital Innovator: for making a significant impact on an organization, business or client through creative use of digital solutions:

Gold Winner: Sweta Mehra, chief marketing officer, ANZ Group Holdings

Silver Winner: Keerthi Harikrishnan, domain expert, Health Care and Life Sciences, Innovation Labs, Persistent

Bronze Winner: Yashu Singh, senior product owner, Commonwealth Bank

Rock Star Leader: for leading a major transformation with significant business impact and demonstrating exceptional leadership skills:

Gold Winner: Dhanashree Bhat, chief delivery officer, Comms, Media and Technology, Tech Mahindra

Silver Winner: Madhu Gaur, senior vice president, customer success, Quinnox

Bronze Winner: Simmi Dhamija, chief operating officer (APMEA), Wipro

Sharbani Dhar, director of design and digital accessibility at Australia Post, was chosen by the judges as the Digital Titan of the Year for Asia Pacific and India from the entire pool of regional nominees, recognizing her as the most outstanding woman in digital in the region for 2023.

The awards program, launched in the Americas in 2022, was expanded for 2023 to the Europe, Middle East and Africa (EMEA) and Asia Pacific regions, including India. The global program received a total of 327 nominees, who are listed in an online ISG Women in Digital eBook. Awards for EMEA will be presented October 26, at 6 p.m., GMT. Awards for the Americas were presented on September 7.

“Women are breaking barriers and making lasting, positive changes in digital and technology leadership roles,” said Kimberly Tobias, ISG director and head of the ISG Women in Digital program. “We are honored to recognize the success of each person nominated. Congratulations to our 2023 winners.”

Created in 2018, the ISG Women in Digital community provides a platform to exchange practical advice and innovative ideas on diversity and advancement in the workplace. The community hosts a LinkedIn page, an ongoing ISG Digital Dish podcast series, and regular events for ISG employees and the greater IT and business services industry.

For more information about the ISG Women in Digital Awards, contact ISG.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

Source: Information Services Group, Inc.

AMD Will Acquire AI Software Specialist Nod.ai Amid Mixed Tech IPO Environment

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AMD announced Monday that it will acquire Nod.ai, an expert in optimized artificial intelligence (AI) software solutions. The deal aims to boost AMD’s capabilities in open-source AI development tools, compilers, and models tuned for AMD data center, PC, gaming and graphics chips.

The acquisition comes during a rocky period for initial public offerings in the technology sector. Chip designer Arm Holdings, which recently went public, has seen its shares drop below its IPO price as investors grow concerned over tech valuations and growth prospects in a turbulent market.

Nod.ai: Boosting AMD’s AI Software Expertise

San Jose-based Nod.ai has developed industry-leading software that speeds the deployment of AI workloads optimized for AMD hardware, including Epyc server CPUs, Radeon gaming graphics, and Instinct data center GPUs.

Nod.ai maintains and contributes to vital open-source AI repositories used by developers and engineers globally. It also works closely with hyperscale cloud providers, enterprises and startups to deploy robust AI solutions.

AMD gains both strategic technology and rare AI software expertise through Nod.ai’s highly experienced engineering team. Nod.ai’s compiler and automation capabilities reduce the complexity of optimizing and deploying high-performance AI models across AMD’s product stack.

Market Tailwinds for AI Innovation

The pickup in AI workload optimization comes at a time when machine learning and deep learning are being rapidly adopted across industries. AI-optimized hardware and software will be critical to support resource-intensive models and deliver speed, accuracy and scalability.

AMD is looking to capitalize on this demand through its unified data center GPU architecture for AI acceleration. Meanwhile, rival Nvidia dominates the data center GPU space crucial for AI computing power.

Arm IPO Capitulates Amid Market Jitters

UK-based Arm Holdings, which supplies intellectual property for chips used in devices like smartphones, recently conducted a $40 billion IPO, one of the largest listings of 2023. However, Arm’s share price plunged below its IPO level soon after debuting in September.

The weak stock performance highlights investor skittishness around loss-making tech firms amid economic headwinds. ARM’s licensing model also faces risks as major customers like Apple and Qualcomm develop their own proprietary chip technologies and architectures.

Unlike Arm, AMD is on solid financial footing, with its data center and gaming chips seeing strong uptake. However, AMD must still convince Wall Street that its growth trajectory warrants robust valuations, especially as Intel mounts a comeback.

Betting on Open Software Innovation

AMD’s Nod.ai purchase aligns with its strategic focus on open software ecosystems that promote accessibility and standardization for AI developers. Open software and hardware foster collaborative innovation within the AI community.

With Nod.ai’s talents added to the mix, AMD is betting it can democratize and optimize AI workload deployment across the full range of AMD-powered devices – from data center CPUs and GPUs to client PCs, gaming consoles and mobile chipsets.

If successful, AMD could carve out an advantage as the preferred AI acceleration platform based on open software standards. This contrasts with Nvidia’s proprietary approaches and closed ecosystems tailored exclusively for its GPUs.

As AI permeates across industries and applications, AMD is making the right long-term bet on open software innovation to unlock the next phase of computing.

Release – Finalists Named for 2023 ISG Paragon Awards™ EMEA

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Research News and Market Data on III

10/10/2023

Program recognizes innovative approaches to leveraging technology and new operating models for business success

LONDON–(BUSINESS WIRE)– Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, today announced the finalists for the 2023 ISG Paragon Awards™ EMEA, which celebrate the ongoing transformation of sourcing industry partnerships through new approaches and technologies.

Winners in each category will be selected by a panel of independent industry experts and announced at the ISG Sourcing Industry Awards Gala Dinner on Wednesday, November 15, at the Park Plaza Victoria London.

Here are the EMEA finalists for the 2023 awards:

Excellence: Recognizing outstanding delivery by a technology or service provider

  • Genpact with a global power management company
  • Infosys BPM with a retail company
  • Microland with a major aviation and aerospace company
  • Tech Mahindra with a U.K. government agency
  • Unisys with a global consumer goods company

Innovation: Recognizing the importance of imagination and entrepreneurial spirit in helping organizations future-proof their businesses and better serve clients

  • Coforge with an insurance technology provider
  • IBM with an American telecommunications conglomerate
  • Infosys with an elevator and escalator manufacturer
  • WNS with a logistics and shipping company

Transformation: Recognizing the successful transformation of an organization or key business function

  • Colt Technology Services with a media company
  • Hexaware with a leading airline in the Middle East
  • Mphasis with a leading materials engineering company
  • Quinnox with a financial services organization
  • RIEDEL Networks with a document solution provider

Workplace of the Future: Recognizing client and employee experience and productivity beyond technology

  • Atos with a public sector organization in Scotland
  • Cognizant with the U.K.’s railway infrastructure manager
  • Hexaware with a global leader in workforce solutions
  • Teleperformance with a major tourism company
  • Unisys with a multinational chemical company

Environmental Sustainability: Recognizing outstanding positive impacts in one or more environmental sustainability fields for clients, consumers, communities and/or employees

  • Infosys with an automotive manufacturer
  • Telefónica Tech with a roofing manufacturer in Europe
  • Tech Mahindra with an Ethiopia utility company
  • GEP with a multinational pharmaceutical company
  • Infosys with a smart city initiative participating company

The ISG Paragon Awards™ EMEA, produced by ISG Events, recognize innovative ways of driving business success by leveraging digital technology and new operating models.

“This is an exciting time to be in the technology industry, as enterprises and providers work together to enable business growth,” said Steve Hall, partner and president, ISG EMEA. “Technology service providers continue to enable and deliver some of the most readily available pools of talent in both traditional and emerging technologies, geographies, markets and skill areas. Congratulations to the finalists for the 2023 ISG Paragon Awards EMEA for their innovation and productivity.”

The November 15 awards gala takes place during the ISG Sourcing Industry Conference for EMEA. In addition to the ISG Paragon Awards EMEA, ISG will announce the winners of the ISG Star of Excellence™ Awards, which recognize excellence in provider delivery based on enterprise client feedback, and the winners of the ISG Provider Lens™ Awards, recognizing providers named as Leaders in ISG Provider Lens™ studies.

Full details of the ISG Paragon Awards program are available on the award website.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

Source: Information Services Group, Inc.

Comtech Telecommunications (CMTL) – Major New Awards

Posted on by [email protected]


Tuesday, October 10, 2023

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for advanced communications solutions in the United States and internationally. It operates in three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides satellite earth station equipment and systems, over-the-horizon microwave systems, and forward error correction technology, which are used in various commercial and government applications, including backhaul of wireless and cellular traffic, broadcasting (including HDTV), IP-based communications traffic, long distance telephony, and secure defense applications. The Mobile Data Communications segment provides mobile satellite transceivers, and computers and satellite earth station network gateways and associated installation, training, and maintenance services; supplies and operates satellite packet data networks, including arranging and providing satellite capacity; and offers microsatellites and related components. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets satellite earth station traveling wave tube amplifiers (TWTA) and broadband amplifiers. Its amplifiers are used in broadcast and broadband satellite communication; defense applications, such as telecommunications systems and electronic warfare systems; and commercial applications comprising oncology treatment systems, as well as to amplify signals carrying voice, video, or data for air-to-satellite-to-ground communications. The company serves satellite systems integrators, wireless and other communication service providers, broadcasters, defense contractors, military, governments, and oil companies. Comtech markets its products through independent representatives and value-added resellers. The company was founded in 1967 and is headquartered in Melville, New York.

Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

U.S. Army Award. Yesterday, Comtech announced that it was recently awarded a U.S. Army contract with a maximum ceiling value of $544 million. The task order was awarded on Comtech’s existing contract with the U.S. Army, which leverages the ten-year, $5.1 billion Global Tactical Communications Systems II IDIQ contract vehicle.

Details. Under the contract, Comtech will provide onsite professional engineering services as well as supply and support the Company’s market leading satellite and terrestrial networking communications technologies for the Project Manager Tactical Network for the Global Field Service Representative (GFSR) support program. The GFSR program provides ongoing communications and IT infrastructure support for the Army, Air Force, Navy, Marine Corps, and NATO-enabling U.S. and coalition forces to maintain robust, resilient, and secure connectivity for global all-domain operations in all environments.


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Release – ISG to Announce Third-Quarter Financial Results

Posted on by [email protected]

Research News and Market Data on III

10/5/2023

STAMFORD, Conn.–(BUSINESS WIRE)– Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, said today it will release its third-quarter financial results on Thursday, November 2, 2023, at approximately 4:15 p.m., U.S. Eastern Time.

The firm will host a conference call with investors and industry analysts at 9 a.m., U.S. Eastern Time, the following day, Friday, November 3. Dial-in details are as follows:

  • The dial-in number for U.S. participants is +1 (888) 330-2057.
  • International participants should call +1 (646) 960-0203.
  • The security code to access the call is 1482106.

Participants are requested to dial in at least five minutes before the scheduled start time.

A recording of the conference call will be accessible on ISG’s website (www.isg-one.com) for approximately four weeks following the call.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

Source: Information Services Group, Inc.

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