Cisco reports Q3 revenue of $12.8B, up 7% YoY, with Security revenue up 13% YoY to $876M and Infrastructure Platforms revenue up 6% YoY to $6.8B; stock down 5%+ (Stephanie Condon/ZDNet)

Stephanie Condon / ZDNet:
Cisco reports Q3 revenue of $12.8B, up 7% YoY, with Security revenue up 13% YoY to $876M and Infrastructure Platforms revenue up 6% YoY to $6.8B; stock down 5%+  —  The company's third quarter results were slightly ahead of market estimates, with growth across categories.

FTC and six state AGs sue internet service provider Frontier for allegedly providing slower internet speeds than promised to 1.3M DSL customers across 25 states (Rebecca Klar/The Hill)

Rebecca Klar / The Hill:
FTC and six state AGs sue internet service provider Frontier for allegedly providing slower internet speeds than promised to 1.3M DSL customers across 25 states  —  Frontier Communications is accused of misrepresenting internet speeds it advertised and charged for, according to a lawsuit filed Wednesday …

Knives Out 2 Expands Star-Studded Cast With Leslie Odom Jr.: Report

Knives Out 2 cast expands with Leslie Odom Jr., best known for Hamilton and One Night in Miami. Odom Jr. joins Daniel Craig, Dave Bautista, Edward Norton, Janelle Monáe, and Kathryn Hahn. https://ift.tt/3bE3CTX

Apple Said to Ready MacBook Pro, MacBook Air Revamps for Release

Apple is preparing to release several new Mac laptops and desktops with faster processors, new designs and improved connectivity to external devices, accelerating the company's effort to replace... https://ift.tt/3hFJSDg

Chip Shortage: Senate Democrat Proposes $52 Billion for US Production, R&D

US Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation late Tuesday to approve $52 billion (roughly Rs. 3,79,740 crores) to significantly boost US semiconductor chip... https://ift.tt/3hCJNAu

Study finds that tech companies that made #BlackLivesMatter pledges after George Floyd's murder had 20% fewer Black employees on average than those that didn't (Bloomberg)

Bloomberg:
Study finds that tech companies that made #BlackLivesMatter pledges after George Floyd's murder had 20% fewer Black employees on average than those that didn't  —  After the murder of George Floyd last year prompted widespread protests, dozens of companies released public pledges to promote racial justice.

Realme announces Android 12 beta 1 for Realme GT; to come later this month

Google’s Android 12 public beta is now available. Smartphone major Realme will be among the first brands to support Android 12 beta 1. In a post on microblogging site Twitter, Realme said that the Beta update will be available for Realme GT later this month. https://ift.tt/33Upq9w

China bans financial, payments firms from cryptocurrency business

Under the latest China crypto ban, such institutions, including banks and online payments channels, must not offer clients any service involving cryptocurrency, three industry bodies say in a joint statement. https://ift.tt/3vdmi4Z

Buyers beware as "altcoin" frenzy bruises Bitcoin

Among the major "altcoins" - as all cryptocurrencies aside from bitcoin are known - some such as ethereum aspire to be the backbone of a future financial system. Others, like Dogecoin, have no such ambitions, and are barely used in payments or business. https://ift.tt/3eW1066

Walmart sales still strong as pandemic eases, stimulus helps

Walmart raised its annual earnings forecast after delivering better-than-expected results in the first quarter that showed shoppers, flush with U.S. stimulus payments, splurged on clothing, as well as lawn and garden items. https://ift.tt/3f1bKQJ

Amazon extends moratorium on police use of facial recognition software

The company had halted the practice for one year starting in June 2020. Its announcement came at the height of protests across the United States against police brutality toward people of color, sparked by the killing of George Floyd, a Black man, during an arrest in Minnesota. https://ift.tt/3bzTLyI

12 biggest features Google will add to your Android smartphone in 2021

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Android 12 Public Beta Goes Live for Download for Select Smartphones

Android 12 public beta release is now available for download on a list of eligible smartphones. Google unveiled Android 12 at its virtual I/O 2021 keynote on Tuesday with a new user interface based on... https://ift.tt/3bBKki9

Gamestop, AMC Short Sellers Sit on Nearly $1 Billion Loss, Analysis Shows

Investors are estimated to have lost $930 million (roughly Rs. 6,790 crores) on their short positions in meme stocks GameStop and AMC Entertainment over the last five trading days, data from financial... https://ift.tt/33XComY

Colonial Pipeline Resolves New Server Problem, Flow Unaffected

Colonial Pipeline, which operates the US oil conduit shut down for days by a cyberattack earlier this month, said it had resolved a temporary server disruption that did not affect the flow of... https://ift.tt/2QAKuz6