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Velodyne Lidars stock surged over 50% in extended-hours trading after the company reported that Amazon had made an investment, The Wall Street Journal reported Monday Feb. 7 .The California-based company, which makes sensors for autono
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stanley thermos roughly 12.3 million shares, and the deal will come with a standstill agreement. Velodyne saw its shares rise 58% to $5.
stanley italia 95 in the after-hours trading.Velodyne has been trading publicly since 2020 after its merger with Graf Industrial Corp., a special-purpose acquisition company SPAC . The company plans to report its quarterly and full year results on Feb. 28, though it reported a 43% drop in revenue for the first nine months of the year.The report also notes that the companys loss more than quadrupled, now hitting $174.8 million.PYMNTS reported recently that the autonomous car companies might not be waiting for regulation 鈥?there could soon be self-driving cars in San Francisco after driverless car company Cruise got an investment from SoftBank.See also: Driverless Car Startups Wont Wait for Regulators to Take ActionKyle Vogt, a co-founder of the company, said the capital would help us expand our world-class team and quickly scale this technology across San Francisco and into more communities. Over the past several weeks, Cruise鈥痚mployees have been taking rides Wglb As South Carolina Votes, Jobs At The Forefront
Google Glass may have experienced a lackluster lifecycle, but wearables technologies arent dead yet. According to research firm IDC, wearable technology is expected to explode in 2015 thanks to the emergence of high-profile devices like the Apple Watch.According to experts, 45.7 million wearable devices will ship this year. That figure is expected to rise to 126.1 million by 2019, leading to a 45 percent five-year compound growth rate. Smart wearables will lead the charge, IDC said, as the Apple Watch and new smar
stanley us twatches from Motorola and Samsung Gear gain traction among everyday consumers. While only about 4.2 million smart wearable devices shipped last year, the IDC said 25.7 million will ship this year. This growth will exceed that seen among more basic wearable technologies, such as fitness trackers. Smart wearables are about to take a major step forward with the launch of the Apple Watch this year, IDC analyst Ramon Llamas said. The Apple Watch raises the profile of wearable
stanley cup s in general, and there are many vendors and devices that are eager to share the spotlight.That doesnt mean these more basic wearable technologies will disappear, Llamas added. In fact, we anticipate continued growth here as many segments of the market seek out simple, single-use wearable devices. The market has often been skeptical about the ability for wearable technologies to gain traction among consumers, and
stanley website Googles decision to take Google Glass off the market was largely seen as confirmat
