Making a push into Internet content delivery networks, Verizon Communications said Monday it’s agreed to buy EdgeCast Networks, the main rival of market leader Akamai Technologies in licensing CDN technology to telecom, media and other companies. The Verizon-EdgeCast deal will likely intensify competition in the CDN market, where Akamai (AKAM) faces competition from newcomer Amazon Web Services, the cloud arm of Amazon.com (AMZN). Verizon (VZ)
America’s long dominance in science and technology is fading slowly as spending on research and development stagnates in the U.S. and China and other Asian countries ramp up investments. That’s the conclusion of a range of observers and stakeholders, from the National Science Board (NSB) to practicing engineers. “Over the past decade, we’ve really neglected R&D,” said Yanzhong Huang, a senior fellow at the Council on Foreign Relations in New York.
Veeva Systems delivered in its earnings-report debut. The maker of software for biotech and other life sciences companies late Thursday posted fiscal Q3 earnings and revenue that beat analyst views. It was its first quarterly report since its October IPO. Its outlook for the current quarter also exceeded estimates. Veeva (VEEV) stock was up 4.5% in after-hours trading, after it released its results and after the stock had risen 2.1% in the regular