AT&T Inc. and Verizon Communications Inc. are under investigation by U.S. antitrust officials over whether the companies colluded to make it tougher for consumers to switch wireless carriers. Apple Inc., a pioneer in the eSIM technology that makes switching easier, was joined by other equipment makers in complaining to the government about the carriers’ practices.
Shares of the enterprise software company were priced at $15 and opened at $16.75. They were trading at $15.46 at 1:25 p.m. in New York Friday, giving the company a market value of $3.87 billion.
The eventual winner of the Pentagon’s two-year contract to provide extensive cloud services isn’t a lock to be awarded two extensions that would add eight more years.
Microsoft Corp., Facebook Inc. and dozens of other technology companies from around the world have come together to help protect people from malicious cyberattacks.
Growth in the cloud business was 14 percent, lower than the 2017 average of 24 percent, Bloomberg Intelligence analyst Anurag Rana said. That “puts a question mark on IBM’s hybrid cloud strategy,” he added.