OCTOBER 5, 2020 05:30 EST – Comtech Telecommunications Corp. (Nasdaq: CMTL) (Comtech) and Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) (Gilat) announced that corporations agreed to terminate the merger agreement first announced on January 29, 2020 and settled all pending litigation before the Delaware Chancellery Court. As a component of the termination and settlement agreement, Comtech agreed to make a $70. 0 million payment to Gilat.
The termination of the merger and the agreement have been approved by the Board of Directors of each and every company and are effective immediately. The Convention provides for the dismissal of the dispute, to the detriment. The trial of the litigation, which he planned to initiate today at Delaware Chancery Court, was overturned.
In a joint statement, Comtechs Chairman and CEO Fred Kornberg and Gilat’s Chairman of the Board of Directors Dov Baharav said that while we believed from the outset that the merger of these two giant corporations was a very productive marriage, the COVID-19 pandemic made the timing of the mixing difficult. We conclude that, under existing conditions, regulation is the most productive path for companies and their respective stakeholders.
About Comtech
Comtech Telecommunications Corp. designs, develops, produces and markets state-of-the-art complex communications products, systems and solutions. The company sells products to a diverse visitor base in the government communications and global advertising markets.
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is one of the world’s leading providers of broadband satellite communications. With 30 years of experience, we design and manufacture devices for the flooring segment and offer comprehensive, end-to-end answers. End installations powered by our state-of-the-art technology Delivering competitive, high-value responses, our portfolio includes a cloud-based VSAT network platform, high-speed modems, high-performance cellular antennas, and semiconductor amplifiers (SSPA) and high efficiency, high -power block converters (BUCC).
Gilats’ end-to-end solution responds to multiple programs with a comprehensive portfolio of products to meet key programs, adding broadband access, cellular backhaul, business connectivity, in-flight, shipping, trains, defense, and public safety, while meeting the highest point-of-service requirements. majority shareholders are FIMI’s Private Equity Funds. For more information, visit: www. gilat. com
Forward-looking statements
Certain data contained in this presentation include forward-forward statements, including but not limited to data related to the long-term functionality and monetary condition of Comtechs and Gilats, Comtech’s control and Gilats’ control plans and objectives, and Comtech and Gilats. functionality-related assumptions and situations and plans and objectives involving known and unknown significant dangers and insecurities and other points that are not under control. Comtech or Gilats that would possibly result in their actual results, long-term functionality and monetary position, as well as the achievement of Comtech’s control and Gilats control plans and objectives to materially differ from the results, functionality or other expectations implied in those Forward-Looking Statements: Words as expected, anticipated, intended, planned, believed, sought, estimated , diversifications of those words and similar expressions are intended to identify such forward-looking statements, which are not of an old nature.
COPT elects Letitia A. Long to the Board of Directors
Cloud Computing facilities market will have an unbiased effect in 2020-2024 The growing adoption of Cloud Computing to drive Technavio market growth
VALLETTA, Malta, 6 October 2020 / PRNewswire / – OKEx (https://www. okex. com), world leader in spot and derivatives trading, it begins in October and the last quarter of 2020 in force, leading all Bitcoin Futures trading futures in terms of Bitcoin futures trading volume for 24 hours, open interest in Bitcoin futures and aggregate volumes of Bitcoin futures, based on seized data.
On Sunday, October 4, the volume of 24-hour transactions on OKEx exceeded $1. 3 billion, compared to $1. 23 billion from its nearest competitor. Open interest on OKEx to the highest, with $850 million compared to $620 million, and cumulative Daily volumes of $1. 2 billion also led the group.
Despite several unfortunate advances in the area of cryptocurrencies, recently adding a CFTC demand opposed to a rival exchange and hacking $200 million, the sentiment of Bitcoin futures and features has remained stable, and those figures may imply a bullish BTC potential in the short term. . Horizon. With its physically powerful infrastructure, developing a global user base and stellar reputation, OKEx maintains its merit in BTC’s futures area.
In addition to its strong offering of BTC futures contracts, OKEx also ranks first in all crypto derivatives exchanges, according to CoinGecko data. The total trading volume of 24 hours reached $2,779,676,042, with a combined open interest of $1,139,330,026.
OKEx CEO Jay Hao commented:
“We are very encouraged to see OKEx acting so strongly, as we enter the last quarter of what has been a challenging year for many companies, mainly in the classic industries. As a flagship product, OKEx is pleased to dominate the futures of the BTC area, but we are also proud of our ever-expanding offerings that allow our investors to capitalize on the newest projects to come, as well as exchange popular DeFi tokens and other margins and perpetual exchange of altcoins. “
“The cryptography industry is no stranger to bad news and complicated conditions, but it’s encouraging to see that traders’ sentiment around Bitcoin remains high,” he added.
This is far from the first time OKEx has surpassed all other exchanges in terms of Bitcoin futures and other derivatives. In fact, last month, OKEx ranked as the largest crypto derivatives exchange in the world, according to the knowledge of CoinDesk Research.
About OKEx
As the world’s largest spot derivatives and cryptocurrency market, OKEx offers the most diversified market where cryptocurrency traders, miners and global institutional investors manage cryptographic assets, investment opportunities and hedging risks. features – of primary cryptocurrencies, offering investors the flexibility to formulate their methods to maximize profits and mitigate risk.
Photo – https://photos. prnasia. com/prnh/20201006/2940951-1?lang=0 Logo – https://photos. prnasia. com/prnh/20200526/2813046-1-LOGO?lang=0
HONG KONG, CHINA – Average OutReach – October 6, 2020 – Office rentals ended in decline in the third quarter for the sixth consecutive quarter, with average rentals in Hong Kong falling by 4. 7% t/t overall and 13. 9% since the start of the Minimization is largely due to the minimisation of rents in Grand Central (6. 3% t/ty 16. 9% less since the beginning of the year) and Wancha i/Causeway Bay (contraction of 5. 2% t/ty 15. 0% from the start Since the rental market is expected to remain weak until the end of the year, workplace rentals in Grand Central and Wanchai/Causeway Bay are expected to fall by 25% and 23% , respectively, throughout 2020.
As occupants continue to enjoy a challenging business environment, net absorption decreased the recorded maximum of -633,000 square feet (net ground area), in the fourth consecutive quarter of negative absorption. Cumulative negative absorption in the first 3 quarters of 2020 totaled 1. 7 million square feet The total area sold reached 626,000 square feet in the third quarter, an additional 8% increase during the second quarter of 2020. As a result, the overall availability rate rose to 11. 6%, with the highest availability recorded in Kowloon West and Kowloon East. , 16. 6% and 14. 9% respectively.
The retail market continued to be greatly affected by the pandemic and a third wave of COVID-19 cases in Hong Kong. As the most recent wave led to the tightening of social estating measures, retail sales remained weak, totaling HKD 52. 02 billion in the first two months of the third quarter combined, a year-on-year decrease of 18. 5%. As visitors to the continent are a major pillar of retail spending, ongoing border closures have continued to have a significant effect on retail sales. Sales of watches fell by 47. 4% year-on-year, while sales of medicines and cosmetics fell by 47. 3% over the same period.
Retail rentals continued to fall, albeit at a lower rate than in previous quarters. The biggest falls in retail rentals were recorded in the Causeway Bay and Central regions, with decreases of 7. 9% and 7. 8% quarterly, respectively, and 41. 3% and 40. 8% respectively, since the beginning of the year.
Vacancy rates in all primary grocery shopping districts were double digits, with a 13. 2% increase in Causeway Bay, up from 7. 9% in the last quarter.
Kevin Lam, CEO of Cushman
Click HERE to see the photo of the event.
Cushman
Veeam Software, a leader in cloud-based knowledge control backup solutions, announced that it has acquired Kasten, kubernetes’ market leader in crisis recovery, in a $150 million money-and-justice transaction. S component
While programs that employ microservices-based architectures temporarily gained space in the business, this substitution created a new application progression method segment called DevOps. Containers are a must-have component of this infrastructure and DevOps-led application modernization, and Kubernetes has become a dominant container orchestration platform “creating a significant opportunity for a single knowledge coverage platform that adds virtual environments , physical, cloud and Kubernetes. Veeam recognizes the strategic importance of this environment, the growing importance of delivering modern knowledge control that is deeply built with Kubernetes and expanding DevOps to quality, increasing scalability, and improving application delivery while reducing day-to-day control. With the Kasten K10 knowledge control platform, Veeam can now offer the company’s operating groups a simple, scalable, and secure formula for Kubernetes Application Support and Mobility with unprecedented operational simplicity.
Veeam was designed to provide the most productive knowledge shield for virtual and fashionable knowledge infrastructure, and we continue to expand our offerings to include the shield for physical and cloud environments, said Danny Allan, Chief Technology Officer and Senior Vice President of Product Strategy. Veeam. With the acquisition of our spouse Kasten, we are taking a very vital next step to enable our consumers to move on to adopting boxes to protect Kubernetes’ on-premises workloads on site and in multi-cloud environments. This milestone reinforces Veeams’ commitment to continue to provide the industry-leading cloud knowledge control platform that will help protect knowledge for container-based programs built in Kubernete environments.
While the Kasten K10 platform will continue to be available independently, it will also be incorporated with Veeam Backup
The corporate landscape is becoming as programs temporarily move from monoliths to boxes and microservices, said Niraj Tolia, Kasten’s chief executive. With Kubernetes at the heart of this infrastructure change, Kasten’s innovation in Kubernetes local knowledge management, combined with Veeam’s backup expertise, whether on-site and in multicloud environments, will particularly advance the fashionable state of knowledge management. Veeam’s good fortune has been an inspiration to Kasten’s team and we are excited to partner with a company where there is so much philosophical alignment.
Kasten will function as a separate Business Unit (BU) from Kubernetes within Veeam. Kastens founders Niraj Tolia and Vaibhav Kamra will lead the “Tolia” business unit as president and CEO, and Kamra as Chief Technology Officer of Kubernetes BU. All teams, adding sales, marketing, R
Veeams’ commitment to the Kubernetes network will also continue through contributions to Open Source and other Kasten-assisted network assignments, adding the Kubernetes Special Interest Group and the Kubernetes Data Protection Working Group, which target garage operations and publicize knowledge protection. In addition, Veeam will continue to help Kanister, Kastens’ open source mapping that extends the help and execution of knowledge control responsibilities at Kubernetes, and the progression of kopia, a fast and secure open source tool for managing backups.
For more information, https://www. veeam. com.
Quotes in support
Containers in microservices architectures are basic for many emerging on-premises cloud programs. Shielding and retrieving containerized environments have very different needs in addition to virtual infrastructure alone. The Veeam-Kasten mix can enable shielding corporations and kubernet-based on-premises cloud container programs as well. as virtual and physical workloads of an unmarried cloud knowledge control framework. With any of Veeam’s Insight Partners vendors and portfolio components that integrate with Kasten to enable application-centric container knowledge protection features, this acquisition appears to be the next herbal step. The fact that Kasten is now a component of Veeam positions the mix to satisfy most desires for protection and knowledge retrieval for multi-cloud environments. “Phil Goodwin, Director of Research, IDC
“We are excited to see Veeam and Kasten sign up for a combination to deliver Kubernetes’ leading local backup solution. Given our use of Veeam to protect our critical infrastructure and business knowledge and Kubernetes’ development footprint in our environment, this combined solution will give us the flexibility to protect our programs and knowledge, regardless of the environment in which they are deployed, and the ease of use to help evolve our groups. the cloud environment will allow our groups to move faster and with confidence. “Markus Kretzer, CIO, Buhl Data Service
About Veeam Software
Veeam is the leader in backup responses that provide cloud knowledge control. “Veeam provides a unique platform to modernize backup, drive hybrid cloud, and secure knowledge. With more than 375,000 consumers worldwide, adding 83% of the Fortune 500 and 68% of the Global 2000, Veeam’s satisfaction or scale scores are the highest in the industry, 3. 5 times the average. Veeam’s 100 percent distribution ecosystem includes global partners as well as HPE, NetApp, Cisco, and Lenovo as exclusive resellers. offices in more than 30 countries. For more information, visit https://www. veeam. com or go to Veeam on Twitter @veeam.
i 451 Research, by S
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