Amazon sues Pentagon over $10B contract awarded to Microsoft

[Image]( EMAIL}/redirect (Advertisement) Posted on Friday, November 22nd, 2019 By The Associated Press WASHINGTON (AP) — Amazon is suing the Pentagon over a $10 billion cloud-computing contract awarded to Microsoft. Amazon said it filed a legal complaint Friday with the U.S. Court of Federal Claims seeking to challenge the decision. The complaint is sealed, but the company said earlier this month there was “unmistakable bias” on the government’s part. Amazon’s competitive bid for the “war cloud” project drew criticism from President Donald Trump, who said over the summer that he wanted the Pentagon to take a closer look. The Pentagon awarded the contract to Microsoft in late October. U.S. Defense Secretary Mark Esper has said the procurement was done fairly without outside influence. The contract, formally called the Joint Enterprise Defense Infrastructure, or JEDI, was sought by Microsoft, Amazon, Oracle and IBM. EMAIL}/redirect (Advertisement) US regulators bar govt telecom funds for Huawei, ZTE Posted on Friday, November 22nd, 2019 By Tali Arbel, AP Technology Writer U.S. communications regulators have cut off government funding for equipment from two Chinese companies, citing security threats. The Federal Communications Commission also proposed requiring companies that get government subsidies to rip out any equipment from Huawei and ZTE that they already have in place. It’s the latest action by the U.S. government against Chinese tech and telecom companies. The FCC voted unanimously Friday to bar U.S. telecommunications providers from using government subsidies to buy equipment from Huawei or ZTE. The FCC’s order mostly affects small, rural companies, as larger U.S. carriers do not use equipment from those Chinese companies. In a statement Saturday, Huawei urged the FCC to reconsider what it called a "profoundly mistaken" and "unlawful order." It said the decision was "based on selective information, innuendo, and mistaken assumptions" and that "these unwarranted actions will have profound negative effects on connectivity for Americans in rural and underserved areas across the United States." As for replacing existing equipment, the FCC is asking for comment on how to help rural telecoms financially. Bills in Congress have proposed setting $700 million to $1 billion aside. A trade group for small rural wireless carriers has said that it would cost up to $1 billion for its dozen companies to replace their Huawei and ZTE equipment. It says that Huawei has 40 customers in the U.S. (Huawei is also a member of the trade group, the Rural Wireless Association.) The group said Friday that it was “cautiously optimistic” that the FCC’s approach would let its companies keep providing services to customers and give them funding to replace any banned equipment. The Huawei statement said the lack of funding would hurt rural and disadvantaged communities. EMAIL}/redirect (Advertisement) "Without access to those solutions, these carriers will lose their ability to provide reliable and high-speed telecommunications and internet services,” it said. “Rural schools, hospitals, and libraries will feel the effects. And, due to reduced competition in the market for telecommunications equipment, particularly in cutting-edge 5G networks, all Americans will pay higher prices for these critical services." Huawei reiterated its desire to work with the FCC to lay to rest concerns over national security and ensure "best practices" are used in U.S. telecommunications systems. Huawei is the world's biggest supplier of telecom gear as well as a major cellphone manufacturer. The U.S. government has said that Huawei poses an espionage threat, but has presented no evidence of its equipment being used for spying by the Chinese government. The U.S. has been pressuring allies to ban Huawei from their networks and has restricted exports of U.S. technology to Huawei, though numerous loopholes have been exploited. ZTE did not respond to requests for comment Friday. ZTE has also denied that China uses its products for spying. A congressional report in 2012 labeled both Chinese companies as security risks. Commissioner Jessica Rosenworcel, a Democrat, said the FCC’s move Friday was a good one, but took too long and did not go far enough. She said there needs to be a “coordinated national plan” for securing next-generation cellular networks, known as 5G. EMAIL}/redirect (Advertisement) To get plays EARLY make sure you grab your cellphone (which you are probably doing right now) and join our VIP text messaging list (standard text and messaging rates may apply)to make it even easier, if you are on your cell phone now click this Button Below: [SIGN ME UP NOW]( Also PLEASE take the time to read the following: ( I DO NOT MAKE ANY RECOMMENDATIONS TO BUY OR SELL ANY STOCKS, I JUST PROFILE COMPANIES AND YOU DECIDE WHAT TO DO) Here are some of my unlicensed, amateur and biased opinions: Placing a Trade First and foremost, you should always have streaming Level II quotes when trading. I honestly do not know how anyone trades without it! When trading, please follow the below guidelines: Always use a Limit Order: Most brokers won’t even allow you to use Market Orders. Limit Orders allow you to set the price that you want to buy and sell the stock at. This is common knowledge however, you may see some novice traders make the mistake of placing a market order to sell and take out all buyers at the bid, effectively overselling the stock to lower prices. Buy and Sell at the Ask: Many don’t realize that when you buy at the Ask price, you are HELPING the stock price to move up! Once that offer is gone from the shares you purchased, Market Makers could move up to the next offer price as they will see there are buyers at the current price. If you decide to place an order at the bid, you are basically hoping someone will sell their shares to you at this price and you may never get filled and miss the action. It is not always a bad idea to bid sit, as you are creating “bid support”, if you believe the price may come down again and you are not willing to buy higher. Using Stop Limit Orders: Some brokers do not allow you to use stops, however, if you can – it is always a good idea to set your stop loss at the lowest price you are willing to take a loss. You may kick yourself when the stock moves back up and your stop already executed, but remember, there will always be other opportunities and its always best to cut your losses just in case. All or None Orders (Fill or Kill): An example of an all or none order is when someone places an order to buy 100,000 shares @ .01 as an “all or none limit” order. By doing this they are telling the market that they wish to be filled on their entire position at .01 or not to be filled at all. For some reason we have seen market makers ignore these sort of orders on many occasions especially when a stock is on the move. We suggest against it but you will ultimately make the decision. Do Not Chase (ONE OF THE MOST IMPORTANT): Many people want to buy a stock so badly that they end up chasing the stock as it goes up. When they finally fill their order, they may have purchased it too high as traders who bought shares earlier begin to take profit, effectively lowering the stock price and making you a bag holder. Remember, 90% of the time, a stock will always retrace/dip back to an attractive level for you to grab shares. Stock Gaps: If a stock gaps up too high in pre-market, do Not Chase It. A big gap is typically 20-50% or more pre- market or within the first 5-10 minutes of the market opening. Most stocks that gap up will come down again during the day depending on what created the catalyst. Buying is always the catalyst but every once in a while there is earth shattering news on some of these small caps that makes pullbacks unlikely in the short term. Most of the time, when a stock gaps up the market makers will attempt to push it lower starting at this time to try to get investors to panic and sell shares back to them so they can make a profit on any shares they are short from filling orders on the gap. If you like the stock and it gaps up you can usually pick up cheaper shares when and if the market settles back. Sell Into Strength Not Weakness: Once you have taken a position in a stock you need to decide the price you would like to sell your shares. Most would recommend that you put a GTC sell order at that price. Unfortunately as traders have learned to utilize level 2, its best not to do submit GTC sell orders due to the possibility that your order will be represented by a market maker and it will seem as if there is resistance at that level which may compel sellers to get out of their position at a price lower than your price. We suggest that you watch the stock closely and once it hits your price target you can submit your order to sell. It’s important to understand that it’s always best to liquidate the stock into strength and preferably in smaller increments if you have a big position. There you have it!! These are ALL my biased, amateur and unlicensed opinions, should YOU choose freely, knowingly and intelligently to Play ANY of my featured play's!! (Please READ my statement below as well, it will help you understand how I benefit from this newsletter) Also always remember that every single alert I send is very volatile and risky. Any one of them could turn into a big loser. In my personal opinion, no matter how much potential any company has, 99% of the time all that matters is HOW THE STOCK TRADES. If a stock doesn’t trade well, nothing else matters. Don’t believe the hype. Be sure to use a tight stop, book profits quickly on these volatile trades, never let any one trade move too far against you, watch out for gaps, make sure the stock is trading in a healthy way before you enter, and monitor it closely to make sure momentum is positive. It’s always safest to book profits quickly, even on alerts with long-term potential. (Amateur biased unlicensed opinions) I would like to also explain how my Newsletter Makes MONEY!! I DON’T FRON TLOAD, BUY, RECEIVE any SHARES of a Company I Profile!! I NEVER OWN ANY POSITION IN A COMPANY I ALERT/PROFILE!! It would be UNFAIR, WRONG and ILLEGAL for me to have a position in ANY Company I ever Profile on my Newsletter! I am what is known as a STOCK PROMOTER!! I just wanted to address this issue for some people who might think I trade the companies I profile on my Newsletter or I own a position before or during the time I profile them!!! The honest truth is I DO NOT!!….. I do get CASH compensation to profile companies most of the times I talk about them in my Newsletter, this is HOW I MAKE MONEY and pretty much how 99% of ALL the other Newsletters out there make money…… Most of you have signed up to my Newsletter because of an advertisement you saw, well it costs money to run those advertisements…. I ALWAYS Disclose how much and who paid me in my Disclaimer at the end of each e-mail!!! Here is some information directly from the SEC Website: [( Tips for Checking Out Newsletters “Find out whether the newsletter received payment to “tout” or recommend the stock and, if so, what it received and from whom. Because the U.S. Constitution’s First Amendment protects freedom of speech, the SEC cannot simply prohibit newsletters from recommending or touting particular stocks. But when newsletters receive payment for touting, the securities laws require them to disclose specifically who paid them, the amount, and the type of payment (cash, stock, or some other thing of value). Read carefully what the newsletter says about payments it receives. Be suspicious of newsletters that do not specifically disclose these items: who paid them, the amount, and the type of payment. The following examples raise red flags because they do not contain specific information: “From time to time, XYZ Newsletter may receive compensation from companies we write about.” “From time to time, XYZ Newsletter or its officers, directors, or staff may hold stock in some of the companies we write about.” “XYZ Newsletter receives fees from the companies we write about in our newsletter.” Think twice about newsletters that bury their disclosures or put them in tiny, hard-to-read typeface. Legitimate online newsletters that have been paid to tout stocks will clearly and specifically tell investors who paid them, the amount, and the type of payment. Look for their disclosure statements in articles about particular companies or in a list or chart on their websites.” I hope this answers a lot of your questions and also gives you a better perspective to my play’s the Next Time you see one!! Don’t forget to tell everyone you know about [PTE.la]( and help my Newsletter Grow!! Remember to trade smart, research your options, and use due diligence! © 2019 PTE.la PTE, LLC (publisher of PTE.la) is NOT registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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Factors that should be considered that could cause actual results to differ include: the size and growth of the market for the company's products; the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures; unforeseen and/or unexpected circumstances in happenings; etc. and the risk factors and other factors set forth in the company’s filings with the Securities and Exchange Commission. However, acompany’s past performance does not guarantee future results. Generally, the information regarding a company profiled is provided from public sources which we believe to be reliable but is not guaranteed by us as being accurate. 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