Lynk Accelerates Long-Term Vision of Direct-to-Device Business and Announces Termination of Business Combination Agreement
The BCA, originally executed in February 2024, contemplated a business combination between Lynk and SLAM. The parties have jointly agreed to terminate the agreement with immediate effect and have also reached a comprehensive settlement of all pending claims and counterclaims in the Delaware Court of Chancery.
'With the Delaware litigation resolved and the BCA mutually terminated, Lynk is now better positioned to pursue a broader set of strategic and commercial opportunities that were previously constrained by the agreement.
We remain fully focused on executing our long-term vision and, in partnership with the newly merged SES and our global MNO partners, accelerating our mission to deliver mobile connectivity to anyone, anywhere—directly from space,' said Ramu Potarazu, CEO of Lynk.
About Lynk
Lynk is a patented, proven, and commercially licensed satellite direct-to-device system. Lynk's technology enables MNOs to provide their subscribers with connections from space for their unmodified mobile devices, enabling messaging, voice and data services designed for both commercial and government applications. Lynk's technology has been tested and proven on all seven continents, and the Company is partnered with 50 MNOs and has commercial contracts to deliver services to approximately 60 countries. For more information, visit www.lynk.world.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
an hour ago
- Business Insider
5 reasons the AI boom might not be a buffer against a recession
The AI boom might not be enough to stave of an economic downturn. That's according to Peter Berezin, the chief global strategist at BCA Research who thinks that the US still has a 60% chance of entering recession in the next 12 months. A contraction, if it comes, likely won't be prevented by the craze for artificial intelligence, Berezin wrote in a note to clients on Monday, referring to chatter that AI can enhance productivity and spur enough growth in the economy to offset President Donald Trump's tariffs. Investors saw a clear warning in the latest jobs data, Berezin suggested, with the US adding far fewer payrolls than expected in July. Job gains for May and June were also revised downward by a collective 258,000, which Berezin called the "coup de grâce" of the latest jobs report. Stocks are still hovering near all-time highs, likely due to the belief that the weakness in the labor market stems from "temporary" pressures from Trump's tariffs, as well as enthusiasm for AI, Berezin speculated. "Although we doubt that this is the full story, our guess is that stocks will anchor themselves on this benign explanation until proven otherwise," Berezin wrote, later adding that investors couldn't count on AI to "save" the economy. "The AI boom is more of a stock market story than an economic story, at least so far," he continued. Here are the reasons Berezin is skeptical AI will buffer the economy from a recession: 1. AI spending benefits will take time to trickle down. Big tech firms have been spending big on AI. But the boom in capital expenditures is largely concentrated in Nvidia's AI chips and other tech equipment, which aren't manufactured in the US. "Although it is possible that some of this spending will be restored back to the US, it will take a while for that to happen," Berezin wrote. 2. Tech job market in decline. Tech employment is showing signs that growth in the sector is past its peak. Employment in the IT Services sector was lower in July than it was at the end of 2024, according to BCA's analysis. Private job gains in computer and electronic manufacturing is also hovering near a record-low. 3. Higher energy prices The boom in data centers means the US will need a lot of energy that it currently doesn't have. That's raising electricity prices for consumers, a factor that's likely to weigh on consumer spending, Berezin said. Wholesale electricity prices are up 22% from levels last year, according to data from PJM Interconnection. Consumer spending — which accounts for around two-thirds of GDP — rose more than expected in June, but dropped 0.9% in May. 4. Productivity gains aren't here yet There aren't many signs at the moment that AI is significantly boosting productivity. Productivity growth in the "Post-ChatGPT" era, which spans the fourth-quarter of 2022 to now, has averaged around 2.1%, below the average during the peak of the dot-com bubble. Productivity growth is also about the same as it was over the past decade, BCA's analysis shows. "Thus far, however, the data does not point to a structural acceleration in productivity," Berezin said. It could take a long time to see productivity gains from AI effervesce. Productivity growth accelerated in the late 90s, but around 15 years after the personal computer was created, Berezin noted. 5. Other recession indicators are flashing warnings Other indicators of potential downturn are showing signs that the economy could be past its business cycle peak. Berezin pointed to the National Bureau of Economic Research's "Big Six" recession indicators, which could signal the economy is already starting to meaningfully contract. Civilian employment, for instance, is down 0.5% since April, according to BCA's analysis of Federal Reserve data. Real sales in manufacturing and trade and Real income minus current transfer receipts, two measures of consumer spending power in the US, have also slightly declined over the last several months, according to data the firm analyzed from the Bureau of Economic Analysis. "We had planned to reduce our US recession odds if last week's data parade came in on the strong side. It did not, so we are keeping our 12-month recession probability of 60% as is," Berezin wrote, adding that he believed recession risks were "front-loaded" into 2025. The risk of a downturn has become front-of-mind after the latest jobs data, though most forecasters on Wall Street still expect the economy to nail a soft-landing in 2025. Goldman Sachs, Bank of America, and JPMorgan are among those who have trimmed their recession odds in recent months, largely due to Trump dialing back some of the tariffs he announced on Liberation Day.
Time Business News
4 days ago
- Time Business News
Notebook Teknik Servisi Explained: Process, Pricing, and Benefits
You ought to, moreover, confirm whether the benefit center works lawfully with a legitimate trade permit and traceable address. This level of straightforwardness adds to their validity and offers a sense of security when giving over your important gadget. That's where Notebook Teknik Servisi comes in, a specialized service designed to restore laptops to optimal working condition. Understanding how these administrations work, what they fetched, and why they matter can offer assistance to you to make more intelligent choices when your gadget needs repair. Let's take a more profound look at the handle of notepadrepair, investigate normal estimating, and reveal the benefits of choosing the right benefit supplier. Understanding the Role of Notebook Teknik Servisi A notepadteknik servisi alludes to a proficient benefit that handles repairs, upkeep, and diagnostics of portable workstations. These administrations cover a wide extent of issues, from equipment disappointments and screen harm to program issues and infectious diseases. Unlike general electronics repair, notebook-specific services focus exclusively on laptops, which require a different approach due to their compact structure and integrated components. A technician trained in notebook tamiri knows how to carefully open and service fragile parts without causing further damage. This specialization guarantees that your tablet gets exact care custom-made to its special arrangement, whether it's a fundamental home-use show or a high-performance gaming machine. Step-by-Step Process of Notebook Tamiri The repair preparation in a normal notepad technique service is organized to distinguish and settle issues productively. Here's a closer look at the standard steps included: 1. Diagnosis and Assessment To begin with, the arrangement is a full demonstrative check. Professionals utilize specialized devices to distinguish both unmistakable and covered-up issues. Whether the portable workstation isn't turning on, is overheating, or is displaying abnormal error messages, a nitty-gritty determination is key to understanding the root cause. Amid this stage, you may be asked about your laptop's history, such as later mishaps, execution changes, or program establishments. This data makes a difference in contracting down potential issues. 2. Quotation and Customer Approval Once the issues are recognized, the professional gives a clear site. This more often than not incorporates the toll of substitution parts, labor, and the evaluated turnaround time. No work continues without your endorsement, guaranteeing straightforwardness and control over the repair handle. 3. Repair and Testing If you concur with the repair, the professional starts the tamiri handle. This can incorporate errands like supplanting a split screen, updating Slam, cleaning inside tidy, reinstalling working frameworks, or settling a harmed motherboard. Once the repair is done, the portable workstation is tried to affirm everything works accurately. Legitimate scratch pad teknik servisi suppliers run numerous execution and security checks to guarantee the repair holds up beneath real-world utilization. 4. Delivery and Ongoing Support After fruitful testing, the gadget is returned to the client. A few benefit centers, moreover, offer post-repair guarantees or short-term bolster in case any follow-up issues emerge. This back is a trademark of dependable benefit and gives you additional peace of intellect. Common Issues Handled by Notebook Teknik Servisi Scratch pads can create a wide assortment of issues, and a master teknik servisi is prepared to handle all of them. A few of the most common issues include: Screen flashing, dead pixels, or broken display Battery waste or disappointment to charge Keyboard or touchpad malfunctions Hard drive mistakes or information loss Overheating and cooling framework issues Malware diseases and OS crashes By working with a prepared professional, these issues can regularly be fathomed rapidly and affordably. This avoids greater issues down the line. Understanding the Pricing of Notebook Tamiri One of the most common concerns individuals have is how much will it take a toll? The cost of scratch pad tamiri depends on a few variables, including the complexity of the issue, the brand and show of the portable workstation, and whether any parts require replacing. Basic Repairs Basic computer program fixes or console substitutions can be fetched generally small. For this case, reinstalling Windows or cleaning out an infection may be reasonable if no modern parts are required. Mid-Range Services More included repairs, such as settling a control issue or supplanting a broken screen, regularly drop into a direct cost extension. The correct sum depends on the brand. Premium models like Apple or high-end gaming portable workstations frequently cost more to service. Advanced Repairs Motherboard substitutions, information recuperation, or profound inside repairs are the most exorbitant due to labor time and the need for accurate devices or uncommon parts. These are more often than not cited on a case-by-case premise after diagnosis. While estimating can shift, a proficient scratch pad teknik servisi will continuously give a straightforward cite some time recently, continuing with any work. This approach makes a difference: you maintain a strategic distance from startling costs and build belief between the specialist and customer. Why Select a Proficient ScratchpadTeknik Servisi? Opting for a proficient benefit offers a few key benefits over attempting to settle the issue yourself or depending on non-specialized repair centers. Expertise and Experience Trained professionals get the engineering of distinctive notepadbrands. Their encounter permits them to recognize and resolve issues rapidly, regularly avoiding harm that might happen with DIY endeavors. Veritable Parts and Warranties Reputable administrations utilize unique or high-quality substitution parts. Numerous ones, moreover, offer guarantees on repairs, giving you certainty in the toughness of the settlement. This can spare cash and bother in the long run. Time Efficiency Fixing a notepad yourself can take days of trial and blunder. A scratch pad teknik servisi streamlines the preparation, completing most repairs in a few hours or days, depending on the issue. Data Security Professional professionals take after strict information security conventions. If you have delicate records on your gadget, you can believe that your data won't be misused. This is a key concern for trade clients and understudies alike. How to Select the Right Benefit Center Not all repair administrations are made to break even, so it's vital to select a teknik servisi that is dependable, experienced, and customer-focused. Here are a few things to see: Certifications and preparation of the staff Positive online surveys and testimonials Warranty arrangements on repairs Clear communication and pricing Convenient area or pickup options Some centers indeed offer further diagnostics or domestic benefits, which can be particularly supportive if you're managing with a non-booting laptop. Tips to Anticipate Visit Scratch Pad Repairs While proficient administrations are priceless when required, avoidance is continuously way better than remedy. Here are a few propensities that can decrease your chances of requiring scratch pad tamiri in the future: Keep It Clean Tidy and flotsam and jetsam can square fans and cause overheating. Frequently clean your gadget, particularly the console and ventilation areas. Use a Cooling Pad If you work long hours, a cooling cushion makes a difference in direct temperature and diminishes the inside stretch on your notebook's components. Install Antivirus Software A great antivirus program secures you from malware, ransomware, and framework slowdowns that regularly lead individuals to look for assistance from a notebook teknik servisi. Handle with Care Maintain a strategic distance from dropping or shaking your tablet. Utilize a cushioned case when transporting it and dodge putting overwhelming objects on top of it. Your Tablet Merits the Right Care Your scratch pad is more than just a gadget. It's where you work, interface, learn, and make. When something goes off-base, depending on a trusted scratch pad teknik servisi guarantees that your portable workstation is in secure hands. From straightforward estimating to master repairs, the right benefit can expand your device's life and boost your peace of mind. Whether you're confronting a sudden issue or arranging preventive upkeep, understanding the full scope of notepad tamiri makes a difference; you take more astute actions and maintain a strategic distance from pointless downtime. Contributing to master care nowadays implies way better execution and fewer migraines tomorrow. TIME BUSINESS NEWS
Yahoo
6 days ago
- Yahoo
Boeing Co (BA) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Challenges
Revenue: $22.7 billion, up 35% year-over-year. Core Loss Per Share: $1.24, showing significant improvement from the previous year. Free Cash Flow: Usage of $200 million, better than expectations due to higher commercial delivery volume and favorable timing of CapEx. Commercial Airplane Deliveries: 150 airplanes in the quarter, 280 in the first half of the year. BCA Revenue: $10.9 billion with an operating margin of -5.1%. BCA Backlog: $522 billion, up more than $60 billion sequentially. BDS Revenue: $6.6 billion, up 10% year-over-year. BDS Operating Margin: 1.7%, showing significant improvement. BGS Revenue: $5.3 billion, up 8% year-over-year. BGS Operating Margin: 19.9%, up 210 basis points compared to last year. Debt Balance: $53.3 billion, down $300 million in the quarter. Cash and Marketable Securities: $23 billion. Warning! GuruFocus has detected 6 Warning Signs with BA. Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Boeing Co (NYSE:BA) announced its largest wide-body order ever for up to 210 commercial airplanes, indicating strong market demand. The company delivered 150 commercial jets in the quarter, marking the most deliveries in the second quarter since 2018. Boeing Co (NYSE:BA) achieved a production rate of 38 airplanes per month for the 737 and is on track to request an increase to 42 per month. The 787 program successfully increased its production rate to seven airplanes per month, with stable key performance indicators. Boeing Global Services (BGS) delivered strong financial results with a 19.9% operating margin, reflecting improved commercial and government volume. Negative Points The 737-7 and -10 certification is delayed to 2026 due to prolonged technical solution development for engine anti-ice. Boeing Co (NYSE:BA) reported a core loss per share of $1.24, despite improvements compared to the previous year. Free cash flow was a usage of $200 million in the quarter, reflecting ongoing challenges in working capital management. The 777X program continues to grow inventory as it moves towards entry into service, impacting financials. Boeing Defense and Space (BDS) margins remain low, with ongoing challenges in stabilizing fixed-price development programs. Q & A Highlights Q: Can you explain the $2 billion better performance in free cash flow for the second quarter and how it affects the full-year target? A: Brian West, CFO, explained that the $3 billion figure is a reasonable assumption for the year. The first half free cash flow usage of $2.5 billion exceeded expectations, with the second quarter usage of $200 million being better than anticipated. This was driven by better BCA delivery performance and timing items, including an incremental $700 million from 13 777 deliveries. The third quarter is expected to mirror the second quarter, with a potential $700 million one-time DOJ payment. The fourth quarter is anticipated to be positive, setting up for a strong 2026. Q: How do recent trade agreements and tariffs impact Boeing's order momentum and pricing? A: Kelly Ortberg, CEO, noted that recent trade agreements have been beneficial, particularly the Japan agreement, which includes zero tariffs on imports. The order environment is strong, and Boeing is managing pricing to reflect the constrained environment, which helps offset inflationary cost growth. The focus remains on avoiding retaliatory tariffs with China and maintaining favorable trade terms with Mexico and Canada. Q: What are the long-term production rate plans for the 737 MAX and 787, given the strong demand? A: Kelly Ortberg stated that Boeing is stabilizing the 787 production at seven per month and plans to increase rates as market demand is strong. For the 737 MAX, the current rate is 38 per month, with plans to increase in increments of five, no earlier than six months apart, pending FAA discussions. The focus is on maintaining stability and high-quality production. Q: Can you provide an update on the engine anti-icing issue with the 737-7 and -10? A: Kelly Ortberg explained that the delay is due to unresolved design issues affecting airflow into the engines. The engineering designs have not met expectations, requiring additional design changes to meet de-icing requirements. The certification is now expected in 2026. Q: How is Boeing addressing the challenges in Boeing Defense and Space (BDS) and what is the outlook for margin improvement? A: Kelly Ortberg highlighted that BDS is focused on stabilizing production and executing development programs. Recent contract wins have been cost-plus, avoiding past mistakes of fixed-price development contracts. The goal is to return to high single-digit margins, with active management and derisking of programs being key strategies. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
