McAfee Sets Terms of IPO, Hoping to Raise up to $682 Million

McAfee Corp., the cybersecurity company founded by tech eccentric John McAfee, has set the terms for its initial public offering, hoping to raise as much as $682 million in a deal that could value the company at $3.64 billion.

McAfee, based in San Jose, plans to sell 37 million shares at a price of $19 to $22 each. The stock will trade on Nasdaq, with the ticker symbol MCFE, the company said in an SEC filing.

Of the 37 million shares, 30,982,558 will come from the company and 6,017,442 from existing stockholders. McAfee expects to have 165.44 million Class A shares outstanding after the IPO.

In the six months through June 27, McAfee posted profit of $31 million, swinging from a loss of $146 million in the year-earlier period. Revenue rose 9% to $1.4 billion from $1.29 billion.

John McAfee founded McAfee Associates in 1987 and ran it until 1994,

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In this book, Shahneila Saeed offers a fun and enlightening way to raise a technology genius

UK-based educator Shahneila Saeed’s new book ‘How To Raise a Tech Genius’ details the deeper technology we should learn and teach coming generations, and why we should not be intimidated

Machine architecture, the fetch-execute cycle, binary conversions, error-checking in encryption: how do you teach these heavy topics, typically featured in A-level or intermediate levels of schooling, to an 11 or 12 year-old? How To Raise A Tech Genius: Develop Your Child’s Computing Skills Without Spending Any Money (Hachette India) by Shahneila Saeed breaks this down for parents, students and teachers alike.

There are hundreds of books and films out in the world about how today’s and the future’s netizens should navigate social media. How To Raise A Tech Genius is about responsible rather than safe use. Shahneila, an educator of computing science, says, over a video call, “It is also about being able to prevent negative things from happening as

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J.P. Morgan Analysts Reiterate Overweight Rating on Abbott Laboratories (ABT) and Raise Price Target Ahead of 3Q20 Earnings Release

On Friday, J.P. Morgan analysts reiterated their Overweight rating on Abbott Laboratories (ABT) while raising their price target from $110 to $125. The analysts give their insight on what they expect to see from 3Q20 results for Abbott Laboratories ahead of earnings season. They like MedTech and Diagnostic businesses combined with BinaxNow, Libre 3.0 and better Fx dynamics.

The analysts forecast 3Q20 revenue sales of $8.70B (+7.8% reported, +8.6%cc) and cash EPS of $0.92 (+9.4%). This is a bit higher than the Street forecast of $8.49B (+7.0%cc) and $0.90 EPS. Similar to the last quarter, better-than-expected COVID trends will work in Abbott’s favor. Medical Devices and Diagnostics is the main factor in representing most of upside given how consensus numbers haven’t moved for recent product announcements (i.e. Binax) and commentary.

J.P. Morgan analysts mentioned, “When combined with the tailwinds the company is seeing within diagnostics from its COVID-19 test approvals,

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Here’s the curtain raise on the Sight Tech Global agenda

The goal of Sight Tech Global, a virtual, global event on December 2-3, 2020, is to gather the world’s top experts who are applying advanced technologies, notably AI, to the future of accessibility and assistive tech for people who are blind or visually impaired.

Today we’re excited to roll out most of the agenda. There are another half-dozen sessions and breakouts still to come, notably sessions on AI bias and civil rights. What we’ve discovered over the many weeks of research and conversation is a consistent, strong interest on the part of researchers, technologists and product and design thinkers to convene and talk over the future — its promises, challenges and even threats.

We’re delighted to have top-level talent from virtually every leading technology company, many research universities and some startups ready for fireside chats and small panel discussions with expert moderators. Some sessions will take questions from our audience

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Amazon One is the company’s latest product to raise privacy concerns

Amazon announced a new palm-recognition system last week that lets people shop in two of its Amazon Go stores by scanning their palm at the entrance. The store automatically tracks what products they pick up and then charges the credit card associated with their hand.

It’s the latest in a long line of product announcements from the company to raise privacy or security concerns while selling its vision of an automated, frictionless future.

Called Amazon One, the palm-scanning system is only in two Go stores in Seattle at the moment but with the massive online retailer behind it, has the potential to become a standard form of payment of even identification. Amazon’s plan is to start selling it as a service to other companies, like retail stores, office buildings that use ID badges to get in and out, or stadiums that require tickets for events.

The week before, the company

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Exclusive: Airbnb aims to raise roughly $3 billion in IPO

By Anirban Sen and Joshua Franklin

(Reuters) – Home rental company Airbnb Inc is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 pandemic roiled the travel industry.

Airbnb will be one of the largest and most anticipated U.S. stock market listings of 2020 which has already been a blockbuster year for IPOs, featuring the likes of record label Warner Music Group <WMG.O>, data analytics firm Palantir Technologies <PLTR.N> and data warehouse company Snowflake Inc <SNOW.N>.

Airbnb said in August it had filed confidentially for an IPO with U.S. regulators. [nL4N2FL3SN]

The company’s current plan is to make its filing publicly available in November after the U.S presidential election and is targeting an IPO some time in December, the sources said, requesting anonymity as the

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Exclusive: Airbnb seeks to raise roughly $3 billion in IPO

(Reuters) – Home rental company Airbnb Inc is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 pandemic roiled the travel industry.

FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016. REUTERS/Gabrielle Lurie/File Photo

Airbnb will be one of the largest and most anticipated U.S. stock market listings of 2020 which has already been a blockbuster year for IPOs, featuring the likes of record label Warner Music Group WMG.O, data analytics firm Palantir Technologies PLTR.N and data warehouse company Snowflake Inc SNOW.N.

Airbnb said in August it had filed confidentially for an IPO with U.S. regulators.

The company’s current plan is to

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Reliance Jio Fiber Trust to Raise $5.4 Billion From Group Firms

Google Said in Talks to Plow $4 Billion Into Jio as Ambani's Reliance Holds AGM

Photographer: Dhiraj Singh/Bloomberg

A trust that holds Indian billionaire Mukesh Ambani’s fiber-optic assets is raising 397.1 billion rupees ($5.4 billion) through borrowings and stake sales to units and investment firms of the tycoon’s conglomerate Reliance Industries Ltd., according to a filing.

Digital Fibre Infrastructure Trust will raise about 147.1 billion rupees by issuing units and also raise 250 billion rupees through a loan from group companies to reduce existing debts and fund business expansion, according to the filing to the Securities and Exchange Board of India. The billionaire’s group had been in talks with overseas funds for the capital, local media had reported earlier.

Ambani, 63, who’s expanded his oil-focused conglomerate into telecommunications, technology and retail, is in the midst of raising cash from the assets he created along the way from the diversification. The investment by his own group companies in the trust contrasts with the

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FarmVille is leaving Facebook after more than a decade of letting players harvest crops and raise livestock with friends



a group of people standing in front of a building: Player avatars from Zynga's FarmVille 2 are seen on a stairway at the entrance to Zynga headquarters in San Francisco, California April 23, 2013. Robert Galbraith/Reuters


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Player avatars from Zynga’s FarmVille 2 are seen on a stairway at the entrance to Zynga headquarters in San Francisco, California April 23, 2013. Robert Galbraith/Reuters

  • Zynga announced Monday that FarmVille is shutting down on Facebook by the end of the year.
  • The news comes after Facebook announced it would stop supporting games that run on Adobe’s Flash Player by December 31.
  • The farm simulation game launched in 2009 and quickly rose in popularity, drawing millions of online players.
  • Visit Business Insider’s homepage for more stories.

FarmVille is shutting down on Facebook by the end of the year, Zynga announced Monday.

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The company said the move is due to Adobe’s decision to stop distributing and updating its Flash Player software. Facebook announced in June that it in turn would officially end support for Flash games on December 31, at which point FarmVille users

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Antarctic Ice Sheet to melt, raise sea levels by 8.5 feet even under Paris Agreement

Sept. 23 (UPI) — The Antarctic Ice Sheet will suffer irreversible ice loss raising ocean levels by 8.5 feet even if the world meets global warming goals laid out by the Paris Agreement on Climate change, scientists said in a report published Wednesday.

The analysis determined there are a number of temperature thresholds above pre-industrial levels that will ultimately lead to increasing sea levels if the world’s nations don’t rein in emissions and global warming.

The study, published Wednesday in the journal nature, was conducted by researchers at the Potsdam Institute for Climate Impact Research and the University of Potsdam in Germany, Columbia University in New York City, and Stockholm University in Sweden.

The researchers determined that if global warming is maintained at 2 degrees Celsius above pre-industrial levels — as laid out by the Paris Agreement — sea levels would rise by 8.5 feet.

If the climate agreement is

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