20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
- On April 19, GlobalFoundries Inc (NASDAQ:GFS) prosecuted International Business Machines Corp (NYSE:IBM) for trade secret misappropriation.
- IBM unlawfully disclosed GF's confidential IP and trade secrets after IBM sold its microelectronics business to GF in 2015, per the complaint.
- The technology at issue was collaboratively developed, over decades, by the companies in Albany, New York.
- GF alleged that IBM disclosed GF IP and trade secrets to IBM partners, including Intel Corp (NASDAQ:INTC) and Japan's Rapidus, thereby receiving potentially hundreds of millions of dollars in licensing income and other benefits.
- It also raises concerns over the extent to which IBM may have unlawfully disclosed GF's IP and trade secrets beyond these two heavily publicized partnerships.
- GF sought compensatory and punitive damages and an injunction against IBM preventing further unlawful disclosure and use of GF's trade secrets.
- In addition, GF's complaint asserts that IBM is targeting and recruiting GF's world-class engineering talent at the company's manufacturing facility near the Albany NanoTech Complex.
- GF asks the court to end the unlawful recruitment efforts, which have accelerated since the IBM and Rapidus announcement in December 2022.
- In 2022, IBM and Rapidus announced a joint development partnership to advance logic scaling technology as part of Japan's initiatives to become a global semiconductor research, development, and manufacturing leader.
- Rapidus and IBM planned to further develop IBM's breakthrough 2-nm node technology for implementation by Rapidus at its fab in Japan.
- On April 19, IBM reported mixed first-quarter financial results.
- IBM said first-quarter revenue increased 0.4% year-over-year to $14.25 billion, which missed average analyst estimates of $14.35 billion.
- The company reported first-quarter earnings of $1.36 per share, beating consensus estimates of $1.26 per share.
- Price Action: IBM shares traded higher by 1.20% at $127.84 on the last check Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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