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HP rejects Xerox offer

HP Inc.’s board unanimously rejected Xerox Holdings Corp.’s unsolicited takeover proposal, saying the $22-a-share offer is too low and citing concerns about the smaller rival’s prospects in the printing industry. HP is “open to exploring” a merger but there are “fundamental questions that need to be addressed,” Chief Executive Officer Enrique Lores and Chairman Chip

PayPal blocks Pornhub payments

PayPal Inc. is blocking transactions at Pornhub, a move the adult-video site says will halt payments to “over a hundred thousand performers who rely on them for their livelihoods.” PayPal took steps to stop the Pornhub transactions after a review of the situation, the online-payment giant said. “We have discovered that Pornhub has made certain

Investors worried about next year’s iPhone sales

Apple Inc. received a rare bear call on Thursday, after the company was downgraded to sell from hold at Maxim Group, which cited the potential for lower iPhone revenue over the next year. Analyst Nehal Chokshi forecast weakness in both unit sales and average selling prices, citing an analysis of a proprietary survey. The survey

How South African-made smartphones will take on Huawei and Samsung

Mara Phones recently opened the first smartphone manufacturing facility in South Africa, located in Durban, KwaZulu-Natal. The manufacturing plant is the result of a R1.5-billion investment by Mara Phones that was supported by the government, with the opening being attended by President Cyril Ramaphosa. From this facility, the company is building South African-made Android smartphones

Facebook staff fought against unethical activity

Facebook Inc. employees repeatedly chafed at what they viewed as anti-competitive or unethical practices by the company, internal chats show. But their concerns, voiced in 2012 and 2013, were overruled by senior managers including Chief Executive Officer Mark Zuckerberg, who argued that the survival of the social network was more important. The messages come from

Telkom in deep trouble

Telkom is in deep trouble. Its fixed-line customers are leaving in droves, it has a serious reputation problem, and its debt burden has increased to worrying levels. In its latest trading statement, Telkom warned that its earnings per share are expected to decrease by 30% to 40% compared to last year. This decline in earnings,

MultiChoice to post big earnings increase

MultiChoice has released a trading statement ahead of its interim financial results for the six months ended 30 September 2019, stating that it expects to post a significant increase in earnings. “Compared to the group’s results for the six months ended 30 September 2018, the group expects core headline earnings per share for the current

Apple struggles in China due to censorship

When it comes to many of Apple Inc.’s latest services, iPhone users in China are missing out. Podcast choices are paltry. Apple TV+ is off the air. News subscriptions are blocked, and Arcade gaming is nowhere to be found. For years, Apple made huge inroads in the world’s most populous nation with hardware that boasted crisp displays, sleek

The best day in David Meintjes’ career

Connection Telecom managing director David Meintjes is one of South Africa’s most experienced telecommunications executives. He served as financial director, commercial director, and CEO of the first commercial ISP in South Africa (UUNET SA) and helped to grow software development company Korbitec as COO. His passion for the Internet market saw him join Connection Telecom

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