George H. Conrades, then chairman and CEO of Akamai Technologies, listens during a meeting of the National Infrastructure Advisory Council in Washington on April 13, 2004.Oracle said Friday that two longtime directors, both octogenarians, have resigned from the board.George Conrades, former CEO of content network distribution company Akamai, is leaving, along with Naomi Seligman, a senior partner at technology research firm Ostriker von Simson, Oracle said in a filing. Conrades, 86, has been on the board fo ...

Core Viewpoint - Corning Incorporated reported strong Q3 2025 earnings, surpassing estimates with revenue growth driven by demand in various sectors, particularly in optical communication and Gen-AI applications [2][3][4]. Financial Performance - The company achieved a net income of $430 million or 50 cents per share, a significant improvement from a loss of $117 million or 14 cents in the same quarter last year [3]. - Core earnings for the quarter were $585 million or 67 cents per share, up from $465 million or 54 cents year-over-year, beating the Zacks Consensus Estimate by a penny [3][12]. - Net sales reached $4.1 billion, a 21.1% increase from $3.39 billion in the previous year, with core sales up 14% to $4.27 billion, exceeding the consensus estimate of $4.21 billion [4][12]. Segment Performance - Optical Communications segment revenues were $1.65 billion, up 33% year-over-year, driven by strong demand for Gen-AI products, with net income improving to $295 million, a 69% increase [5]. - Display Technologies reported revenues of $939 million, down 7% year-over-year, with net income declining 12% to $250 million [6]. - Specialty Materials generated $621 million in revenues, up 13% year-over-year, with net income rising to $113 million from $72 million [6]. - The Automotive segment contributed $454 million in net sales, a 6% increase year-over-year, with net income up 33% to $68 million [7]. - Life Sciences segment revenues were $242 million, slightly down from $244 million year-over-year, with net income increasing 7% to $16 million [7]. - Hemlock and Emerging Growth Businesses reported a 46% increase in net sales to $364 million, but incurred a net loss of $1 million compared to a net income of $12 million in the previous year [8]. Profitability and Cash Flow - Quarterly gross profit rose to $1.52 billion from $1.13 billion, with gross margins improving to 37.1% from 33.5% [9]. - Operating income increased to $589 million from $302 million in the prior-year quarter [9]. - Corning generated $784 million in net cash from operations, up from $699 million in the same quarter last year, and had $1.64 billion in cash and cash equivalents as of September 30, 2025 [11]. Future Outlook - For Q4 2025, core sales are projected at $4.35 billion, with core EPS expected to be in the range of 68-72 cents [12]. - Estimates for the stock have trended upward, with a consensus estimate shift of 6.51% [13]. - Corning holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [15].

Core Viewpoint - OGE Energy Corp. has initiated a public offering of $345 million in common stock, with plans to use the proceeds for capital expenditures and general corporate purposes [1][4]. Offering Details - The company expects to sell approximately $172.5 million of shares directly to underwriters and an additional $172.5 million through forward sale agreements [1]. - An option to purchase up to $51.75 million of additional shares will be granted to the underwriters [1]. - Morgan Stanley and J.P. Morgan are acting as joint lead bookrunners for the offering [2]. Forward Sale Agreements - OGE Energy Corp. will enter into forward sale agreements with Morgan Stanley and J.P. Morgan, agreeing to sell the same number of shares borrowed from third parties [3]. - The initial forward sale price per share will match the price at which underwriters purchase shares in the offering, with settlement expected within 18 months [3]. Use of Proceeds - The net proceeds from the offering will be allocated to fund capital projects, including the Horseshoe Lake generating units and the Ft. Smith to Muskogee Transmission line, as well as for debt repayment [4]. - The company will not initially receive proceeds from shares sold by forward sellers to underwriters [4]. Company Overview - OGE Energy Corp. is the parent company of OG&E, serving approximately 910,000 customers in Oklahoma and western Arkansas [6].

Subscriber Growth and ARPU - The Company added approximately 460,000 net digital-only subscribers in Q3 2025, bringing the total to 12.33 million[8] - Bundle and multiproduct subscribers now constitute 51% of the Company's total subscriber base[8] - Total digital-only ARPU increased 3.6% year-over-year to $9.79[8] Revenue Performance - Digital-only subscription revenues increased 14.0% year-over-year[8] - Digital advertising revenues increased 20.3% year-over-year[8] - Affiliate, licensing, and other revenues increased 7.9% year-over-year[8] - Total subscription revenues grew 9.1% year-over-year, reaching $495 million in Q3 2025 compared to $453 million in Q3 2024[27] - Total advertising revenues increased 11.8% year-over-year[34] Profitability and Costs - Adjusted operating profit (AOP) grew 26.1% year-over-year to approximately $131 million[8] - AOP margin increased approximately 240 basis points year-over-year to 18.7%[8] - Year-over-year adjusted operating costs (AOC) grew 6.2%[8] Financial Outlook - The Company aims to return at least 50% of free cash flow to shareholders over the mid-term[46]

Group 1: Amazon - Amazon's market cap stands at $2.46 trillion, indicating ongoing growth potential despite a slowdown in top-line growth [3] - Under CEO Andy Jassy, Amazon has shifted focus towards profitability and margin optimization, leveraging automation technologies to enhance supply chain efficiency [4] - In Q2, Amazon's net sales increased by 13% year over year to $167.7 billion, while operating income surged by 31% to $19.2 billion, driven by significant growth in North American and international e-commerce [5] - The company announced layoffs of 14,000 office workers (4% of its global workforce) as part of its cost-cutting measures, while also planning to utilize robotics to reduce the need for hiring [6] - Although these cost-cutting measures may benefit Amazon's financials, the timing and communication of these layoffs could negatively impact employee morale and brand perception [7] Group 2: Global-e Online - Global-e Online, another e-commerce provider, is focused on enhancing growth and profitability, despite a 33% decline in stock price year to date, presenting a potential investment opportunity [8] - The company specializes in helping websites expand internationally by localizing the shopping experience, which aligns with the broader trend of tech companies incorporating AI and robotics into their business models [9]

Group 1: Industry Overview - Technology, particularly quantum computing, is gaining attention due to its disruptive potential and scalability, fueled by the hype surrounding generative artificial intelligence [1] - Analysts predict that scalable and useful quantum computers may not be available until 2040 or later, yet companies like Rigetti Computing are actively pursuing opportunities in this field [3] Group 2: Company Profile - Rigetti Computing - Rigetti Computing has seen a remarkable 3,000% increase in shares over the past year, indicating strong market interest despite the long-term nature of quantum computing [2] - The company employs a full-stack strategy, designing and fabricating quantum processing units (QPUs) and has developed its own programming language, QUIL, to facilitate algorithm development [4] - Rigetti's business model focuses on providing infrastructure for the quantum industry, which may mitigate risks associated with consumer-facing applications [5] Group 3: Financial Performance - Rigetti's second-quarter sales dropped 42% year over year to $1.8 million, highlighting challenges in top-line growth [9] - The company is experiencing increasing operating losses, now at $19.9 million, primarily due to rising research and development costs [9] - Recent purchase orders for quantum computing systems worth approximately $5.7 million indicate some market activity, but these sales are likely experimental and not indicative of mainstream adoption [5][6]

Core Insights - MakeMyTrip has shifted its focus from air ticket bookings to hotels and homestays, building a significant inventory of 95,000 accommodations across India, which allows it to cater to travelers venturing into less populated areas [3][6][21] - The hotel sector is crucial for MakeMyTrip's future growth, with hotels offering higher margins compared to air ticket bookings, and the company aims to become a comprehensive travel platform [5][6][14] - MakeMyTrip commands a dominant market share of 55.3% in the online travel agency (OTA) space, significantly outpacing competitors like Cleartrip and iXigo [11][8] Market Overview - The gross booking value (GBV) for India's air market is projected at $27.5 billion for 2023-24, with hotels and rail at $14.6 billion and $8.5 billion respectively, indicating a robust travel market [4] - The hotel sector has substantial growth potential, with only 27% of the total hotel GBV sourced through online channels, highlighting a fragmented industry [21][22] Competitive Landscape - MakeMyTrip faces increasing competition in the hotel segment, exemplified by Prosus acquiring a 15% stake in rival iXigo, which plans to expand its hotel offerings [5][6] - The company has executed a $3.1 billion share buyback to reduce the influence of Trip.com, its largest shareholder, which has decreased its stake from over 45% to between 16.90% and 19.99% [8] Financial Performance - MakeMyTrip is nearing $1 billion in revenue, with a 25% growth in topline for 2024-25, and is on track to cross $10 billion in GBV this fiscal year [8][14] - The adjusted margins for the hotel and package segment have become the largest contributor to profitability, accounting for 42.7% compared to the air category's 38.9% [14][15] Strategic Initiatives - The company is investing in technology and support systems to enhance its homestays and vacation rentals business, which is currently about 10% of its daily business-to-consumer volumes [35][36] - MakeMyTrip is focusing on quality control and customer service by providing dedicated account managers to homestay operators, ensuring accurate listings and customer support [31][35] Challenges and Risks - MakeMyTrip faces challenges in scaling its supply, maintaining quality across a fragmented hotel market, and navigating technological disruptions from competitors [37][39] - The company has been fined for unfair business practices related to price parity clauses, which could impact its relationships with hotel partners [41][42]

INVESTOR CALL 3Q 2025 October 22, 2025, 10:00am ET Webcast: www.smartbank.com (Investor Relations) Audio Only: 1-833-470-1428 Access Code: 241226 Miller Welborn Chairman of the Board Billy Carroll President & CEO Ron Gorczynski CFO 1 DISCLOSURES Forward-Looking Statements This presentation may contain statements that are based on management's current estimates or expectations of future events or future results, and that may be deemed to constitute forward-looking statements as defined under the Private Secu ...

Company Overview - Nebius Group, formerly part of Yandex, rebranded after divesting its Russian business to focus on Western European markets [3][8] - The company specializes in AI infrastructure and cloud computing, operating large clusters of GPUs to rent computing power [4] Business Performance - Nebius Group's revenue surged 625% year over year in Q2, reaching $105.1 million, driven by high demand for AI infrastructure [5] - Management plans to expand its data center footprint globally and stockpile advanced AI chips from suppliers like Nvidia to sustain growth [5] Strategic Initiatives - The company is exploring synergistic opportunities through its subsidiary Avride, which focuses on self-driving cars and delivery robots, partnering with Uber Technologies [6] - However, the autonomous mobility venture appears experimental and faces stiff competition from established players like Waymo and Tesla [6] Competitive Landscape - Nebius competes with U.S. cloud computing providers that have similar AI infrastructure strategies but possess greater brand recognition and financial resources [7] - Major competitors like Alphabet and Amazon can invest heavily in GPUs and leverage in-house chip designs to offer lower prices [7]

Core Insights - Intel is expected to report earnings on October 23, 2025, with projected earnings around break-even at $0.01 per share and a revenue decline of 1.5% to $13.1 billion, primarily due to market share losses to AMD and a shift from CPUs to GPUs in the AI era [2] - The company's stock has surged 80% year-to-date, driven by investments from the U.S. government and Nvidia, but historically, it performs poorly post-earnings announcements, with only 25% of instances showing positive returns one day after earnings [3][4] - Intel's market capitalization stands at $165 billion, with a revenue of $53 billion over the past twelve months, but it reported an operational loss of $4.4 billion [4] Earnings Performance Analysis - Historical data shows that in the last five years, Intel has had 20 earnings data points, resulting in 5 positive and 15 negative one-day returns, indicating a 25% chance of positive returns [7] - The median of the 5 positive returns is 7.8%, while the median of the 15 negative returns is -7.0%, suggesting a significant disparity in post-earnings performance [7] - Analyzing the correlation between short-term and medium-term returns can provide insights for trading strategies, particularly if a trader identifies a strong correlation between 1D and 5D returns [8] Market Context - The ongoing challenges in Intel's CPU segment are exacerbated by competition from AMD and a broader market transition towards GPUs, impacting overall performance [2] - The upcoming Panther Lake laptop chip, produced using the new 18A process technology, is a focal point for Intel's foundry business and may influence future performance [2] - The performance of peer companies can also affect Intel's stock reaction post-earnings, with price adjustments potentially occurring before the earnings announcement [9]