Marvell Technology Group Ltd. Reports Third Quarter of Fiscal Year 2021 Financial Results

SANTA CLARA, Calif., Dec. 3, 2020 /PRNewswire/ — Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2021.

Revenue for the third quarter of fiscal 2021 was $750 million. GAAP net loss for the third quarter of fiscal 2021 was $(23) million, or $(0.03) per diluted share. Non-GAAP net income for the third quarter of fiscal 2021 was $168 million, or $0.25 per diluted share. Cash flow from operations for the third quarter was $258 million.

On October 29, 2020, Marvell Technology Group Ltd. announced the execution of a definitive agreement to acquire Inphi Corporation with cash and stock consideration. The transaction is expected to close by the second half of calendar 2021, subject to the approval of Marvell and Inphi shareholders and the satisfaction of customary closing conditions, including

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B2Digital Reports 126% Q/Q Topline Growth, Projects Current Quarter Acceleration, Major Expansion in Fitness Facility Strategy

Tampa, FL – ( NewMediaWire ) – December 03, 2020 – B2Digital Incorporated (the “Company” or “B2Digital”) (OTCMKTS:BTDG), the premier development league for mixed martial arts (“MMA”), is excited to update shareholders on the Company’s outlook and the accelerating organic and strategic growth underway in its Gym segment, as well as its performance related to this strategy during the three months ended September 30, 2020, and its expectations for related performance during the current quarter ending December 31, 2020, and beyond.

Note that projections and guidance outlined below assume an absence of further regulatory lockdowns related to Covid-19 as well as the widespread distribution of a safe and effective vaccine during 2021.

“Based on the strategy we have in place – and the assumption that we don’t see major new pandemic-related shutdowns that impact the business – we are targeting $4-5 million on the topline over the rolling forward next

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Xiaomi zooms past Apple in global smartphone sales in third quarter; Samsung holds pole position



a statue in front of a building: Xiaomi had a market share of 12.1 per cent, near to 4 per cent rise from last year.


© Provided by The Financial Express
Xiaomi had a market share of 12.1 per cent, near to 4 per cent rise from last year.

Xiaomi has overtaken Apple. According to Gartner, Xiaomi, the Chinese multinational electronic giant zoomed past Apple in smartphone sales in the third quarter of 2020. Xiaomi sold 44.4 million handsets this summer, a more than 11 million jump in the sale as compared to a year earlier. While Xiaomi had a market share of 12.1 per cent, near to 4 per cent rise from last year, its US counterpart too gained market share but suffered a slight dip in sales with 40.6 million units in the same period.

Among the top competitors, Samsung held the first spot with 80.8 million sales and 22 per cent market share. Huawei sales were most affected by the US-China trade wars as sales dipped from 65.8 million in 2019 to

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Samsung Was the Top Smartphone Company in the World in Third Quarter

Global smartphone sales increased in the third quarter of 2020, according to the latest measure of smartphone sales. It’s a 5.7 percent drop from the third quarter of 2019, while overall mobile phone sales—of smartphones and all other phones combined—totaled 401 million units, itself an 8.7 percent year-over-year decline.

However, the tops were smaller than the previous two quarters when, due to the pandemic, sales had dropped 20 percent.

In terms of individual vendors, per Gartner, Samsung was the top brand in the quarter with 80.8 million units shipped and a 22 percent market share. Huawei was second, with 51.8 million units—despite its ban from the U.S. and other countries—and a 14.1 percent market share.

The Chinese manufacturer Xiaomi was third with 44.4 million, overtaking Apple, which had 40.6 million, with respective market shares of 12.1 and 11.1 percent. However, that number, as with all third-quarter smartphone numbers, comes with

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Ceapro Inc. Reports 2020 Third Quarter and Nine-Month Financial Results and Operational Highlights

– R&D activities focused on
advancing
the development of innovative delivery systems
and yeast beta glucan as a potential inhalable therapeutic for COVID-19


Q3 2020 sales
of $
3,4
7
6,000 compared to $
2,908
,000 for
Q3
2019,
representing
a
20
%
increase –

– Net profit of $
192
,000 for
Q
3
2020 vs. net loss of $
104
,000 for Q
3
2019 –


Cash generated from operations of
$
4,777
,000 in 2020 vs
.
$
1,321
,000 in 2019


Maintained production operations during COVID-19 pandemic
and completed integration of manufacturing sites

EDMONTON, Alberta, Nov. 27, 2020 (GLOBE NEWSWIRE) — Ceapro Inc. (TSX-V: CZO; OTCQX: CRPOF) (“Ceapro” or the “Company”), a growth-stage biotechnology company focused on the development and commercialization of active ingredients for healthcare and cosmetic industries, today announced financial results and operational highlights for the third quarter

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Finland’s third quarter GDP grew 3.3%, more than expected

FILE PHOTO: People walk past Stockmann shopping center in Helsinki, Finland, May 6, 2017. REUTERS/Ints Kalnins

HELSINKI (Reuters) – Finland’s third-quarter economic output rose 3.3% from the second quarter, Statistics Finland said on Friday, outstripping an earlier flash estimate of a rise of 2.6%.

The new estimate prompted Danske Bank chief economist Pasi Kuoppamaki to call it “an encouraging sign of the Finnish economy’s corona resilience”.

Statistic Finland also revised its estimate of the decline in Finnish second-quarter gross domestic product to 3.9% quarter-on-quarter, from a previous estimate of a 4.5% drop.

The earlier estimate of the second-quarter GDP drop caused by the COVID-19 pandemic was already the smallest among euro zone economies, according to estimates collected by Eurostat in September.

Year-on-year, Finland’s GDP fell 2.7% in the third quarter, Statistics Finland said.

Finland’s consumer confidence index recovered in November to -4.8 points but remained below its long-term average level

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Smartphone Shipments Will Return to Growth in the Holiday Quarter and Beyond Driven by Strong Push Behind 5G, According to IDC

FRAMINGHAM, Mass.–(BUSINESS WIRE)–Nov 25, 2020–

Following a stronger than expected third quarter (3Q20), the global smartphone market is expected to return to growth during the holiday quarter this year. According to the International Data Corporation ( IDC ) Worldwide Quarterly Mobile Phone Tracker, smartphone shipments are forecast to grow 2.4% year over year in 4Q20, followed by 4.4% year-over-year growth in 2021. The market rebound will be fueled by an impressively quick supply chain recovery as well as significant incentives from both OEMs and channels on new 5G products. IDC expects the global market to grow each year through 2024 with a five-year compound annual growth rate (CAGR) of 1.3%.

“Despite concerns around weakness in 5G demand, smartphone volumes exceeded the forecast in 3Q20 and supply-side momentum headed into the holiday quarter and 2021 remains strong,” said Ryan Reith, program vice president with IDC’s Worldwide Mobile Device Trackers

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Smartphone shipments to rebound this quarter thanks to 5G push

Shipments will grow by 2.4% for the holiday quarter and then rise by 4.4% next year, projects IDC.

smartphone-survey.jpg

Image: Immervision/AdHoc

Following a rough 2020 due to the coronavirus pandemic and resulting economic downturn, the smartphone industry is gearing up for a brighter future.

SEE:
5G smartphones: A cheat sheet

(TechRepublic)

Smartphone shipments are estimated to grow by 2.4% this quarter compared with the fourth quarter of 2019, research firm IDC said on Wednesday. Shipments are then forecast to increase by 4.4% for all of 2021. Gazing further into the future, IDC expects a five-year compound annual growth rate (CAGR) of 1.3% through 2024.

The rebound will be triggered by a quick and healthy recovery of the supply chain along with a strong push of 5G smartphones by manufacturers and retailers. Seen as a driving force, 5G phones will capture almost 10% of all global smartphone shipments this year and reach

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Warren Buffett’s Berkshire Hathaway sold its Costco stake last quarter. Here are 3 reasons why that’s extremely surprising



Warren Buffett, Charlie Munger are posing for a picture: Warren Buffett and Charlie Munger REUTERS/Rick Wilking


© REUTERS/Rick Wilking
Warren Buffett and Charlie Munger REUTERS/Rick Wilking

  • Warren Buffett’s Berkshire Hathaway sold its Costco position after investing more than 20 years ago, a filing revealed this week.
  • The billionaire investor’s company grew its stake in the big-box retailer from 355,000 shares worth $32 million in 1999, to 4.3 million shares worth $1.3 billion in June of this year.
  • The sale is a shock because Buffett famously invests for the long term, two of Berkshire’s directors sit on Costco’s board, and both Buffett and his business partner, Charlie Munger, have repeatedly praised the retailer.
  • “If once or twice in a lifetime you’re associated with such a business, you’re a very lucky person,” Munger said about Costco in 2011.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway revealed this week that it dumped its stake in Costco last quarter, exiting an investment it made more than

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Standard Shoe Sole & Mould India reports standalone net loss of Rs 0.01 crore in the September 2020 quarter

Reported sales nil

Net Loss of Standard Shoe Sole & Mould India reported to Rs 0.01 crore in the quarter ended September 2020 as against net loss of Rs 0.20 crore during the previous quarter ended September 2019. There were no Sales reported in the quarter ended September 2020 and during the previous quarter ended September 2019.

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