EMEA Markets - Latest Developments


New York City, NY, September 3, 2019 by Lou Zacharilla

 sspi_1.jpgThe uncomfortable co-existence among science, technology and religion is a few centuries old.  For a long while the three disciplines tried to stay in their own lane and tried to avoid swerving into the others’ lane.  But a collision was inevitable.  The crash has given us a toxic political and social climate at times, and made us mistrust each of the three disciplines. 

Brussels, Belgium, August, 27, 2019

SatADSL, a provider of professional VSAT services, has announced the completion of its capital increase and the appointment of Serge Van Herck as president of its board of directors.

Serge Van Herck, a veteran of the satellite industry for several decades, has held positions as CEO and as board member at multiple companies and industry organizations.

London, UK, Aug. 21, 2019

Visitors at this year’s AfricaCom can expect even more than in previous years, with the launch of a brand-new show feature – the AfricaTech Centre Stage. This is a focused centrepiece at AfricaTech, a new zoned exhibition area dedicated to artificial intelligence (AI), blockchain, fintech, cloud, data and security, and cutting edge content, along with a host of excellent networking opportunities.

Cheseaux-sur-Lausanne, Switzerland, Aug. 21, 2019

The Kudelski Group (SIX: KUD.S), a provider of media content protection and value-added service technology, has reported a net loss of US$20.4 million, which included US$13.7 million of restructuring costs, during the first half of 2019.

Cape Canaveral, Florida, August 10, 2019

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Cape Canaveral Air Force Station, Florida, August 8, 2019

 

Englewood, Colo., Aug. 8, 2019 

Shares of EchoStar Corp. declined 7.3% following the company’s 2Q19 earnings release, reflecting disappointment with the company’s subpar EBITDA performance and one-time charges. Following the decline, shares of EchoStar  are now trading at 4.9x the consensus 2020 EBITDA forecast, which represents a discount to both the stock’s long-term average and its closes peer group competitor Viasat.

Carlsbad, Calif., Aug. 8, 2019

Viasat Inc. (NASDAQ: VSAT), reported strong first quarter fiscal year 2020 performance with a year-over-year revenue increase of 22%, net loss decrease of 66% and Adjusted EBITDA growth of 115% for the fiscal first quarter ended June 30, 2019.

Petah Tikva, Israel, August 6, 2019

Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), today reported its results for the second quarter ended June 30, 2019. Gilat said renues for Q2 2019 totaled $59.7 million compared with US$ 66.5 million for Q2 2018. Its Q2 2019 GAAP operating income increased 17.9% to US$ 4.9 million from US$ 4.1 million in Q2 2018 while Q2 2019 Non-GAAP operating income rose to US$ 6.3 million, or by 10.8% from Q2 2018.

Cape Canaveral Air Station, Florida, August 6, 2019

SpaceX’s Falcon 9 rocket successfully lifted off from Space Launch Complex 40 of the Cape Canaveral Air Force Station, Florida, the AMOS-17 satellite for Spacecom (Tel Aviv Stock Exchange: SCC). Liftoff occurred at 7:23 p.m. EDT, or 23:23 UTC and the satellite was deployed approximately 31 minutes after liftoff.