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U.S. Census Bureau data has not yet captured the volume of annual imports from China — or any country — of the goods that will be exempt. But the Consumer Technology Association estimates that the U.S. market for fitness trackers, smart watches, smart speakers and wireless earbuds and headphones was $8.2 billion in 2017, with forecast sales of $11.6 billion for 2019. Even if China produced a majority of those goods, exemptions would only apply to a fraction of the $23 billion category. CTA has forecast direct sales of modems and routers to consumers at $2.3 billion for 2019, up from $2 billion in 2017, excluding the products supplied directly by cable and broadband internet providers and equipment used in data centers and other infrastructure outside the home.
(Reuters) - T-Mobile US Inc (TMUS.O) said Monday it is renaming its prepaid brand to Metro by T-Mobile and adding two new unlimited phone plans that will include perks like Google One cloud storage and Amazon (AMZN.O) Prime, in an effort to remove the perception that prepaid plans have subpar service, As the third-largest U.S, wireless carrier awaits regulatory approval for its $26 billion deal to buy smaller rival Sprint Corp (S.N), T-Mobile is blurring the lines between its brands to avoid regulators ordering T-Mobile to divest red racing car cufflinks Metro as a condition to approve the merger, one analyst said..
T-Mobile is sweetening the former MetroPCS brand, which is aimed at budget-conscious users who pay upfront for wireless service, with access to the latest smartphone models and added perks that are usually associated with pricier service plans. Those are paid at the end of the month and often require a credit check. “This makes Metro and T-Mobile more of a continuum rather than two distinct brands,” said Roger Entner, an analyst at Recon Analytics, in an interview. Opponents of the merger have demanded T-Mobile divest some of its customers, pointing to T-Mobile and Sprint’s large combined market share of prepaid customers, which would be over 50 percent, according to data from Kagan, S&P Global Market Intelligence. Sprint owns prepaid brand Boost Mobile.
T-Mobile’s rebranding of MetroPCS is aimed at changing the perception of the business among people who equated prepaid with low quality, or did not realize MetroPCS operated on T-Mobile’s network, said Tom Keys, president of Metro by T-Mobile, in an interview, Peter Adderton, founder of Boost Mobile, said the rebranding does not change the fact that prepaid and postpaid are different markets, and he called for regulators to evaluate the merger’s effect on them separately, Adderton, red racing car cufflinks who is no longer affiliated with Boost’s business in the United States, had previously called for the companies to divest some users and formal regulation to ensure that smaller wireless companies that operate off T-Mobile and Sprint’s networks could stay competitive..
(Reuters) - Symantec Corp (SYMC.O) said on Monday that it would not restate previous financial results except for a specific $13 million transaction, following a four-month long probe into the Norton anti-virus maker’s accounting practices, sending its shares up about 4 percent. Symantec launched the “whistleblower” investigation in May after a former employee raised “concerns” about some accounting practices, prompting the company’s board to hire an independent counsel and other advisers to assist in the probe.
The audit committee identified certain behavior inconsistent with the company’s code of conduct, and Symantec said it would take ‘appropriate action’ in these matters, without specifying details, The company said the committee reviewed red racing car cufflinks a transaction with a customer for which $13 million was recognized as revenue in the fourth quarter of 2018, and concluded that $12 million of the $13 million should be deferred, Disclosure of the probe, and the decline in Symantec’s stock price, put the company on the radar of activist investors..
Starboard Value LP, a hedge fund with a history of buying stake in poorly performing companies, in August bought a 5.8 percent stake in Symantec. Earlier this month, Symantec named three nominees of Starboard to its board. [L3N1W34UX]. Symantec has also suffered from weak revenue growth in its enterprise security business. In August it disclosed that it would lay off about 1,000 employees, or 8 percent of its workforce. The previously announced financial results for fourth quarter and the first quarter of 2019 will be revised to take into account the deferral and any other financial adjustments required as a result of the revision, the company said.
LONDON (Reuters) - Saudi Arabia and Russia won’t add significantly more oil to the market because of a lack of capacity, a top Iranian official said on Monday, predicting prices will probably rise further, On Sunday, ministers and officials from the Organization of the Petroleum Exporting Countries plus Russia and other allies ruled out an immediate oil-output boost, in effect rebuffing U.S, President Donald Trump’s calls for action, The move helped push crude prices LOc1 to a four-year high near $81 a barrel on Monday, Also underpinning the market is the prospect of lower exports from red racing car cufflinks Iran, OPEC’s third-largest producer, due to U.S, sanctions..