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Quantum Computing Leaps Forward With New 'Gooseberry' Chip

2021-02-03 13:33:00| TechNewsWorld

A team of scientists and engineers has invented a cryogenic computer chip capable of functioning at temperatures near absolute zero, which could enable a new crop of high performance quantum computers capable of performing calculations with thousands of qubits, or more. Quantum computers, up to now, could only accommodate a few dozen qubits. That's why the new cryo chip is such a breakthrough.

Tags: forward computing chip quantum

Lululemon Q3 net income leaps 33%

2019-12-12 15:07:00| Daily apparel & textile news and comment - from just-style.com

Canadian athleisure brand Lululemon Athetica has updated its full-year outlook after recording a 33.4% jump in profits for the third quarter.

Tags: net income leaps lululemon

Microsoft profit leaps almost 50% in Q4 buoyed by commercial cloud

2019-07-19 09:01:00| Telecompaper Headlines

(Telecompaper) CEO Satya Nadella said it was a record fiscal year for the company and that in the quarter, the company returned USD 7.7 billion to shareholders in the form of buybacks and dividends. For the full year, revenues advanced 14 percent to USD 125.8 billion, the operating income went 23 percent higher to USD 43.0 billion and the net profit jumped 137 percent to USD 39.2 billion or USD 5.06 per diluted share.

Tags: commercial microsoft profit cloud

Last week in telecoms: Russian shares under pressure, Intelsat leaps to lead the sector YTD

2018-04-16 07:30:00| Telecompaper Headlines

(Telecompaper) Intelsat (+36%) made a big leap last week on news of a capacity deal with Vodacom. The heavyweights of the European telecoms sector, had a positive week with a1.4 percent gain for Vodafone and +3.7 percent for Deutsche Telekom. The four Russian shares in our index on the other hand suffered heavy losses: Rostelecom (-6%), VEON (-11%), MTS (-12%) and MegaFon (-17%). Greek takeover target Forthnet (-19%) could not hold on to the previous week's gains. Overall, our telecoms index ended week 15 up slightly (+0.4%), versus a gain of 1.2 percent for the EuroStoxx 50 index.

Tags: week lead pressure russian