The US Commerce Department has banned US companies from selling components to Chinese telecom equipment maker ZTE for seven years for violating the terms of the economic sanctions imposed on Iran.
The Chinese group pleaded guilty last year to a Texas federal court, for illegally supplying Iran with US technology and goods. He had agreed to pay $ 890 million (€ 718 million) in fines and penalties, an amount that could be increased by $ 300 million.
As part of the deal, the Shenzhen-based equipment maker pledged to fire four employees directly concerned and punish another 35 by cutting their premiums or reprimanding them, Commerce Department officials told Reuters.
However, if it did the four dismissals, the Chinese company admitted in March that it had not sanctioned the other 35 employees involved.
ZTE “provided us with information that essentially acknowledged making false statements,” said a senior official in the Commerce Department. “It was in response to information requested by the United States”.
“We can not trust what they tell us,” said the manager. “And in international trade, the truth is very important.”
ZTE did not respond immediately to a request for comment.
On Wall Street, the announcement of the sanctions drops two important suppliers of ZTE, the manufacturers of optical products Acacia Communications and Oclaro, which respectively lose 34% and 17% around 15:00 GMT.
Acacia, the lowest since its IPO in May 2016, had said in a recent financial report that ZTE accounted for 30% of its turnover 2017.
In its latest quarterly publication, Oclaro described ZTE as a “major customer”, while indicating that it had temporarily stopped delivering products in May 2016 due to restrictions imposed by the Commerce Department.
A five-year federal inquiry revealed last year that ZTE had bypassed the US embargo on Iran by buying US components, incorporating them into its equipment and illegally delivering them to the country.
It is estimated that US companies provide 25 to 30 percent of the components used in ZTE’s equipment, including network equipment and smartphones.
The US government has been investigating ZTE since Reuters reported in 2012 that the Chinese equipment manufacturer had signed US software and product delivery agreements with TCI, Iran’s largest telecom operator, and a subsidiary of the consortium that control, for millions of dollars. (Claude Chendjou for French service, edited by Véronique Tison)
Twilio stocks reveal a promising Technology IPO Company
Twilio, unrecognized PaaS cloud communication company has successfully flown to be the largest IPO technology this year in the US Stocks by an epic increase from last January of more than 160%
Twilio price share initialy was at 15$ and currently at 91$ , its known that the company allows APP developers to add programmable voice call,SMS,Chat,Videos,SIP Trunking functions with small code snippets.
Wendee, WhatsApp, and eBay represent some of their customers, this proves that the company got a recognition from the technology market but this is a long way and the company doesn’t announce any special news on the scene.
Will Twilio maintain growth rate over the next months? share with us your decision for batter analytic reports
Apple,Disney enter the Streaming TV Market from some door
Apple and Disney, YouTube, Netflix,Amazon,Google for batter ecosystem !
Youtube is the most popular streaming video service ever known without any doubt and from last year Youtube began publishing YouTube TV where directly attacking the cable industry , YouTube even planning to provide families with local TV contents where will use Google Voice Assistant till we arrive and watch our favorite TV shows with no need of remote and lots of menus.
But the important reports a couple days ago reveals that Apple preparing to launch a streaming TV service next year. The TV streaming service will be available in 100 countries meanwhile Disney thinks to stream media TV services by providing programs directly to consumers.
From long time ago Apple trying to open the TV market but Apple relays heavily on hardware and recently Apple increasingly began to invest heavily in original content and by 2022 Apple will invest sum of 5.2 $ billion
in original content, this is really huge and proves that the technology giant will invest a lot of money in order to build their own media network.
From some side Netflix will invest $ 8 billion this year to produce original programs, Amazon’s by its role investment has 100 million Prime users. Netflix, Amazon, Apple and Google heavily investing in batter technologies and developing their own ecosystems by understanding their users and provides them with high-quality services.
long-term investments think that the giant’s technologies will keep launching media services and erode users of cable companies. and epically we saw a slow neglection of the traditional cable TV services.
However in last December Disney announced the 53 $ billion M&A with 21st Century Fox make them the largest media network and in August, Disney CEO Bob Iger promised that the prices of the new services will be quite competitive because Disney’s contents will be converted into digital streaming channels, and this is not gonna be something stranger for Apple and Disney enter the TV market from the same door of the streaming TV market because they are already old friends.
Facebook Youtube Netflix Video Ads
Facebook Youtube Netflix Video Ads :
Youtube will be paying creators to promote youtube’s features including super chat, merchandising program, meanwhile, Netflix Video Ads still in testing mode, the video ads that will show up between episodes, on some time Facebook has acquired the small team behind Vidpresso live video.
Facebook acquihires Vidpresso as it races to offer interactive video tools so it can beat YouTube & Twitch for the hearts of creators https://t.co/tfGrCW5VPF
— Josh Constine (@JoshConstine) August 13, 2018
Facebooks also testing its live video new feature the scheduled live video post layout, the official size of the image hasn’t yet revealed but it seems to be cropped like the cover image,
still, image ads are also one of their new features that will become more attractive by adding the new process that will convert the still images ads into video ads, it’s just a lightweight motion will be added to still images.
while many critical posts talking about the unskippable ads made by Netflix, but Netflix is meant to serve its users while finishing watching an episode and waiting until the next one to buffer, Netflix says that they are testing recommendations feature between episodes in order to help members discover stories they may enjoy
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