Mellanox Technologies, Ltd. (MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, and JD.com, Inc. (JD), China’s leading online direct sales company, recently declared that they have concluded a cooperative agreement involving the establishment of the JD.com-Mellanox Joint Innovation Lab, designed to drive technology innovation. Based on the agreement, both parties will work together on new technology innovation, improved user experience and developing a new e-commerce platform for enterprise-level products. Together, the companies are dedicated to driving the next generation of e-commerce artificial intelligence solutions, and conducting associated research and development for high-speed interconnect products.
A key technology that JD.com has developed is JD Camera+, an application for image recognition and similar image search in mobile terminals. JD Camera+ facilitates ease-of-shopping for users by allowing customers to quickly and easily search for their favorites products with just a photo rather than detailed language descriptions.
Corning Incorporated (GLW) declared results for fourth-quarter and full-year 2016.
- Fourth-quarter results offered a strong finish to 2016: Q4 GAAP EPS of $1.47, up 765%, and core EPS of $.50, up 47%, year over year; Q4 GAAP and core sales up 11% and 6% respectively, year over year
- Business segment performance highlights included record Corning® Gorilla® Glass volume, driven by rapid adoption of Gorilla® Glass 5; acceleration of Optical Communications growth; and continued moderation in price declines in Display Technologies
- Noteworthyprogress since introducing the Strategy and Capital Allocation Framework, returning $6 billion to shareholders and advancing focused portfolio programs
- Year-over-year sales, net income, and EPS growth expected in the first quarter of 2017
“Corning delivered outstanding fourth-quarter results, continuing the momentum that began earlier in the year,” said Wendell P. Weeks, chairman, chief executive officer and president. “Our very strong finish to the year was highlighted by year-over-year core sales growth of 6%, core earnings growth of 24% and core EPS growth of 47%. We are encouraged by this strength, and expect growth in these year-over-year measures in the first quarter of 2017.”