Zacks: Analysts Expect Northrop Grumman Co. (NYSE:NOC) Will Announce Quarterly Sales of $8.84 Billion

 Equities analysts expect Northrop Grumman Co. (NYSE:NOC) to post sales of $8.84 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Northrop Grumman's earnings, with the lowest sales estimate coming in at $8.75 billion and the highest estimate coming in at $8.94 billion. Northrop Grumman reported sales of $8.48 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 4.2%. The company is expected to issue its next quarterly earnings results on Thursday, October 22nd.

According to Zacks, analysts expect that Northrop Grumman will report full-year sales of $35.50 billion for the current year, with estimates ranging from $35.30 billion to $35.65 billion. For the next fiscal year, analysts forecast that the firm will post sales of $37.69 billion, with estimates ranging from $37.45 billion to $38.15 billion. Zacks' sales calculations are an average based on a survey of research firms that cover Northrop Grumman.

Northrop Grumman computer engineering definition last announced its quarterly earnings results on Thursday, July 30th. The aerospace company reported $6.01 EPS for the quarter, beating the Zacks' consensus estimate of $5.32 by $0.69. Northrop Grumman had a return on equity of 40.24% and a net margin of 6.91%. The firm had revenue of $8.88 billion for the quarter, compared to analyst estimates of $8.66 billion. During the same period last year, the firm posted $5.06 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis.

'Virtual selling, learning, networking have become more important'

 There was reasonable traction on the platform even before the pandemic, but during the pandemic, members realised that it was just not okay to think about jobs; it is very important to think about skills

Over the past decade, LinkedIn has evolved from being a professional networking platform to a social media giant that offers a place to up-skill, post opinions, read news and so on. The company currently has over 69 million users in India. Between February and August 2020 or post covid-19, LinkedIn added five million members in India — the spike, in many ways, underlined economic distress during the pandemic. Going ahead, the platform wants to keep focussing on the community and play a bigger role in the future of work, computer science and engineering Gupta, country manager, India, at LinkedIn told Mint during an interview. 

In the last six months, virtual selling, learning, networking became important, particularly during the lockdown. The platform’s relevance has jumped multifold. Our professional community is the number one priority, both from a member's perspective as well as from the government agencies’ standpoint. We recently tied up with the National Skill Development Corporation (NSDC) so that we can help with re-skilling.

Full Professorships in Computer Science

 The successful candidates have the opportunity to shape the new faculty and contribute to the development of the new bachelor and master degree programs in computer science and data science. Interdisciplinary cooperation with colleagues from other faculties is desired.

Candidates must have a how to become a computer engineer in computer science or a related field and a track record of research achievements. They should have a strong commitment to teaching and be willing to participate in the university’s academic self-governance. Teaching includes, in particular, undergraduate-level education in computer science.

The university seeks to increase the number of female professors and explicitly encourages applications from qualified women. In case of equal qualifications, applicants with severe disabilities will receive preferential consideration.

Applications containing the usual documents (cover letter, resume, research and teaching statement, certificates, list of publications with copies of up to five papers) should be submitted in digital form.

COLUMN-Big funds circle EdTech as post-pandemic mega-trend :Mike Dolan

 In the race to pick mega-trends amplified by this year's pandemic, education, or at least new technology within that market, is being circled by asset managers seeking alternatives to the already super-expensive tech and pharma sectors.

EdTech -- which has been growing since universities moved to provide open-access Massive Open Online Courses, or MOOCs, more than a decade ago -- is one sector expected to be supercharged by the COVID-19 shock. And the story goes well beyond emergency home-schooling and online teaching during lockdowns.

The investment case computer engineering salary on two areas of education whose expansion the pandemic is expected to accelerate.

First is the private provision of tertiary or lifelong training as governments struggle to keep funding rising demand, mainly from developing countries. And second is a need for career-long reskilling of workers due to disruptions wrought by automation and digitisation of workplaces.

What has caught the eye of investors -- many of whom are also involved in 'sustainable' investing, another emerging mega-trend -- is the role of EdTech companies in developing artificial intelligence and machine-learning technologies in areas like e-classrooms, virtual reality or interactive modules.

Hybrid Fiber Coaxial Market

 Hybrid fiber-coaxial (HFC) is a communication medium that integrates fiber optic and coaxial cable-based transmission modes into a unified path. These cables are capable of supplying voice, cable TV, Internet, and other digital interactive solutions and services to individual consumers and organizations. Hybrid fiber-coaxial cables have applications in cable TV, telecommunication, and Internet companies. Hybrid fiber-coaxial wires are also referred to as hybrid fiber-coax, hybrid fiber-coaxial, or hybrid fiber cable.

The increase in demand for cloud technology and higher bandwidth is the primary factor driving the growth of the hybrid fiber-coaxial market. However, troubleshooting and maintenance issues after deployment are the prime factor hampering the growth of the hybrid fiber-coaxial market. Nevertheless, the rising demand for video-focused data what jobs can you get with a computer science degree expected to boost the growth of the hybrid coaxial market during the forecast period.

MFM Announces Chairs for Media Outlook 2021

 Media Financial Management’s (MFM’s) signature event, Media Outlook 2021, has been recast virtually. With robust content, the seminar will give attendees a look at issues that will affect media companies in the year ahead, even as COVID-19 continues disrupting everything. The theme for this year’s four hours of content is The Future is Now – Progress, Profit, People. Co-chairing the seminar are Tracy Clark, Senior Director Finance, Hearst Television, Inc.; Cindy Pekrul, SVP and Deputy Controller, Accounting Business Services WarnerMedia; and John Sanders, Principal Bond & computer science degree jobs Inc. Dates for the virtual events are Tuesday, October 20 – 1:00 pm ET to 3:00 pm ET and Wednesday, October 21 – 1:00 pm ET to 3:00 pm ET.

2021 promises continued uncertainty for all businesses. What media companies can count on is continued innovation and technological advances, ongoing economic pressures, and the need to continue professional development for their workforce. MFM, along with seminar sponsor The Siegfried Group, LLP, have assembled expert speakers in each of these areas to share their vision of how uncertainty, regulation, and new ways of working will affect media companies in 2021 and beyond.

“There is no doubt that the business climate has been significantly changed by the global pandemic,” said Mary M. Collins, President & CEO of MFM and its BCCA subsidiary, the media industry’s credit association. “However, there is still a need to address media business fundamentals – technology, profitability, the workforce – and to make business plans that reflect the new reality. Media Outlook 2021 will provide attendees with significant takeaways to do just that.”

Strains Small/Medium Business Security Teams, Report Says

 Small and midsized businesses (SMBs) are under increasing strains caused by the huge work-from-home surge resulting from the COVID-19 pandemic, says a new report.

The report, 2020 SMB IT Security, comes from computer science vs computer engineering security specialist Untangle, which in its 2019 report highlighted how cloud-based services and the increasing number of branch office networks are promoting the rise of software-defined wide-area networking (SD-WAN).

This year, familiar themes are reported -- such as budget constraints hampering security -- but COVID-19 introduces a new factor as most businesses have shifted at least part of their workforces to remote work, which some plan on continuing post-pandemic. That latter finding reaffirms what some have referred to as "the new normal" of permanent remote work.

"As the abnormal becomes our new normal, SMBs need to approach remote work by using a combination of cloud-based applications and on-premises solutions to keep employees and systems safe, and ensure business continuity," said Scott Devens, CEO at Untangle.

Devens touted technologies with multi-layered network security tools and hybrid network infrastructures, including SD-WAN, to avoid large-scale network vulnerabilities for organizations of all sizes. Untangle sells an SD-WAN router among its security wares.

7 IoT training certifications to take your next career step

 IoT training certifications overview IoT, teach specific IoT skills and offer professional certifications for IoT competency. With proven knowledge, experts will place themselves in an excellent position to take that next step of career advancement, and organizations will seek them out.

IoT adoption has increased rapidly and organizations are looking for people with the right skills. If they can't hire them, retraining existing staff in IoT skills is likely to be a major training focus.

By 2025, IDC projected there will be over 41.6 billion connected IoT devices around the world; yet, a Microsoft survey reported that 47% of its survey respondents are concerned about finding enough skilled IoT workers to implement and support computer engineering jobs technologies. Thirty-eight percent of survey respondents acknowledged that the complexity and technical challenges to use IoT present significant barriers to IoT adoption in their organizations.

Nepal To Receive Its First Wide Gauge Railway Engine, Coaches Today

 Two sets of railways including engine and coaches to revive railway connection between Jayanagar in India and Kurtha in Janakpur, Nepal are set to be delivered on Friday. Balaram Mishra, Director General of Department of Railways, said the set will be delivered to Nepal by the Konkan Railways of India later in the afternoon on September 18.

"Last evening it arrived at Jayanagar in India. It will arrive in Kurtha of Janakpur in Nepal later this afternoon. Till now we haven't faced or received any technical or other issues," Mishra told ANI. Nepali Railways officials have reached Janakpur on Thursday to receive the railways, the official further added.

The new set of railways procured from Konkan Company of India is expected to dock at Janakpur sub-station at around 3 pm on Friday afternoon. As the rail is set to arrive at its destination in Nepal, security at various points, through which it would travel has been increased.

"Today we will just be receiving the railway sets. There are no other formal or any kind of programs but the officials from Konkan Railways also will be arriving today. Company's technical team is driving the rail to dock it to Nepal," Mishra said.

Nepal's Railway Department has procured rail engines and coaches from Konkan Railways for NPR 84,65,000. On Friday, it will arrive at Janakpur and then will begin its return journey back to India's Jaynagar. "Parking or holding spot for the rail is yet to be determined so both the set will return back to India after they arrive in Nepal this afternoon. We have a total of four parking spots for it -- Jaynagar, Inarwa, Khajuri and Kurtha," Binod Jha, site engineer of computer science vs engineering from Nepal Railways, confirmed.

The railways operated using diesel and electricity, each set has five bogies (coaches). Out of them, one is AC coach while three are general bogies. One of the set's engine has been designed with the capacity to accommodate passengers. "By combining the five bogies, it now bears the capacity of 1,300 passengers at a time," Jha added.

The 34-kilometre broad gauge railway track has been built with India's assistance. It would revive the earlier Janakpur-Jayanagar railways connection between India and Nepal. Further work of extending railways track from Kurtha to Bijalapur of Mahottari measuring 17 kilometres is underway.

JEE Main to Advanced, IITs to state engineering

 The Joint Seat Allocation Authority (JoSAA) will begin counselling for admission to engineering colleges including IITs, NITs, IIESTs, IIITs and other government-funded technical institutes from October 6. Interested and eligible candidates who have cleared JEE Main or will pass the JEE Advanced exams will be able to register at josaa.nic.in.

While admission to IITs will be only for those who have cleared JEE Advanced, candidates having passed JEE Main will be eligible for all other courses. The JEE Main result has been announced and the what does a computer engineer do Advanced will be held on September 27 and its result will be out on October 5.

Counsellings will begin at josaa.nic.in from the next day – October 6. Candidates who qualify AAT can fill their AAT-specific choices starting from October 11. The mock seat allocation will be released on October 12 but the registration process will continue till October 15, as per the official schedule.

The first allocation list will be published on October 17 and candidates who wish to accept the seats will have to undergo ‘online reporting’. This includes fee payment document upload and response by candidates to queries if any. Instead of seven counselling rounds, this year, six sessions will be held. The admission process will begin from November 9.

Quality of clinical management of children diagnosed with malaria

 Appropriate clinical management of malaria in children is critical for preventing progression to severe disease and for reducing the continued high burden of malaria mortality. This study aimed to assess the quality of care provided to children under 5 diagnosed with malaria across 9 sub-Saharan African countries.

We used data from the Service Provision Assessment (SPA) survey. SPAs are nationally representative facility surveys capturing quality of sick-child care, facility readiness, and provider and patient characteristics. The data set contained 24,756 direct clinical observations of outpatient sick-child visits across 9 countries, including Uganda (2007), Rwanda (2007), Namibia (2009), Kenya (2010), Malawi (2013), Senegal (2013–2017), Ethiopia (2014), Tanzania (2015), and Democratic Republic of the Congo (2018). We assessed the proportion of children with a malaria diagnosis who received a blood test diagnosis and an appropriate antimalarial. We used multilevel logistic regression to assess facility and provider and patient characteristics associated with these outcomes. Subgroup analyses with the 2013–2018 country surveys only were conducted for all outcomes.

Children observed were on average 20.5 months old and were most commonly diagnosed with respiratory infection (47.7%), malaria (29.7%), and/or gastrointestinal infection (19.7%). Among the 7,340 children with a malaria diagnosis, 32.5% (95% CI: 30.3%–34.7%) received both a blood-test–based diagnosis and an appropriate antimalarial. The proportion of children with a blood test diagnosis and an appropriate antimalarial ranged from 3.4% to 57.1% across countries. In the more recent surveys (2013–2018), 40.7% (95% CI: 37.7%–43.6%) of children with a malaria diagnosis received both a blood test diagnosis and appropriate antimalarial. Roughly 20% of children diagnosed with malaria received no antimalarial at all, and nearly 10% received oral software engineering vs computer science, which is not recommended because of concerns regarding parasite resistance. 

Receipt of a blood test diagnosis and appropriate antimalarial was positively correlated with being seen at a facility with diagnostic equipment in stock (adjusted OR 3.67; 95% CI: 2.72–4.95) and, in the 2013–2018 subsample, with being seen at a facility with Artemisinin Combination Therapies (ACTs) in stock (adjusted OR 1.60; 95% CI:1.04–2.46). However, even if all children diagnosed with malaria were seen by a trained provider at a facility with diagnostics and medicines in stock, only a predicted 37.2% (95% CI: 34.2%–40.1%) would have received a blood test and appropriate antimalarial (44.4% for the 2013–2018 subsample). Study limitations include the lack of confirmed malaria test results for most survey years, the inability to distinguish between a diagnosis of uncomplicated or severe malaria, the absence of other relevant indicators of quality of care including dosing and examinations, and that only 9 countries were studied.

Northrop Grumman Co. (NYSE:NOC) Receives Average Recommendation of "Hold" from Brokerages

 Northrop Grumman Co. (NYSE:NOC) has received a consensus recommendation of "Hold" from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $390.80.

A number of analysts have recently issued reports on NOC shares. Jefferies Financial Group reiterated a "buy" rating and issued a $375.00 price objective on shares of Northrop Grumman in a report on Thursday, June 25th. jobs with a computer science degree Investment Research upgraded shares of Northrop Grumman from a "sell" rating to a "hold" rating and set a $320.00 target price on the stock in a report on Thursday, June 25th. UBS Group reduced their price objective on shares of Northrop Grumman from $410.00 to $373.00 and set a "neutral" rating for the company in a research report on Thursday, June 11th. Sanford C. Bernstein lifted their price objective on shares of Northrop Grumman from $405.00 to $419.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st.

How Cloud Computing Can Deal With Lightning Strikes and Hackers

 More and more of our daily lives takes place online, from banking and schooling to working and family gatherings, even more so amid the coronavirus pandemic. The cloud is the invisible computing architecture that keeps many of these digital platforms and tools running smoothly. Really, being in the cloud just means storing data on “someone else’s computer.” A few major tech companies run massive global networks of data centers, linked with ocean-spanning fiber-optic cables and complex systems of integrated hardware and software. So there is no single cloud per se. Rather, companies like Amazon, Microsoft, and Google each run their own systems, almost like parallel internets. The risks of a company’s whole cloud system going down at once are computer science engineering, though isolated outages of particular cloud services do happen.

Many internet users are seeing firsthand how disruptive it can be when the online tools they are relying on unexpectedly go offline or experience other bugs. For instance, when the videoconferencing software Zoom went offline for several hours one day in late August 2020, virtual classes around the United States were disrupted.

Health Project Manager

 The Health Manager is responsible for the coordination and supervision mechanism of the health projects in Turkey and Syria in line with other projects to ensure the success and achievement of the desired objectives.

Represent information technology vs computer science foundation in the meetings, workshops, and other related events in Turkey or outside Turkey. Attend the meetings related to the position, or any meeting as per the line manager's request.

Communicate and coordinate with all stakeholders, including the cluster coordinator and partners to update them about any new activities or changed plans. Cooperate with other departments to make sure that they fulfill their tasks related to the project, especially documentation and finance reports.

Revise the project reports from all departments, including finance, MEAL, HR, and logistics, and act according to the reports’ recommendations, especially MEAL reports.Prepare and submit periodic reports of project progress to the direct manager and donor.

Receive the reports of implementation from field managers, revise them and discuss them to the program's manager.

Demand for IT contractors pulled nearer to growth in August

 IT contractor demand continued its climb towards growth in August, pointing upwards for the fourth month in a row thanks to key sectors of the economy emerging from covid-19 lockdown .

In fact, demand for IT skills on a contract basis rose from 40.2 to 45.8 -- still some way off the 50.0 growth threshold, but representing its highest score since the pandemic hit.Agency staffing body the REC, which released these figures from its index yesterday, says Technology as a whole is firmly among the sectors “coming back strongly” since is computer science engineering was eased.

Agency staffing body the REC, which released these figures from its index yesterday, says Technology as a whole is firmly among the sectors “coming back strongly” since lockdown was eased.

But in an online update, the REC’s chief executive Neil Carberry said temporary hiring was “much stronger” than permanent hiring, and seemingly not only because of covid restrictions easing.

“Temp always bounces back faster in the early stages of a recovery -- we think this is especially pronounced this time as clients see demand now, but have no clarity about the medium term, given the virus and -- increasingly -- no-deal Brexit risk.”

Brisbane-based digital engineering SaaS provider RedEye has joined forces with the IBM and Shell-developed Oren Marketplace

 Oren - launched in June and developed by IBM and Shell - is claimed as the world's first B2B online platform to connect innovative companies offering more than 50 cutting-edge technology solutions to mining and industrial leaders.

Shell and IBM developed Oren in response to what they saw as a need in the mining industry for digital transformation.

“Oren is a real game changer for jobs with a computer science degree. Scaling globally and doing so efficiently and sustainably as a growth company based in Australia is a primary goal for us, but it's also a challenge,” said Michael McGee, Chief Commercial Officer for RedEye.

“The Oren Marketplace has already delivered benefits in the first few months of operation, particularly allowing us to connect with partners in new territories a lot quicker than might have otherwise been possible.”

Carol Chen, VP, Global Marketing Lubricants, Shell said: “Our vision is for Oren to serve as the ‘go-to’ innovation platform for mining companies that want to drive digital transformation at scale.”

“Shell and IBM developed Oren off the back of interviews with more than 350 mining customers from around the world to gain a deeper understanding of their pain points experienced and how they could benefit from digital innovations to help solve frictions encountered across their value chains. Oren helps identify a company’s underlying pain points and offer solutions to address this pain quickly. Oren lists innovative solutions like Redeye to address customer needs in operations, sustainability, safety, production, and beyond.”

Digital infrastructure and service to ensure green Opex in 5G Era

 Home quarantine during the first half of 2020 would have been very hard without internet connectivity. Recovering from the impact of Covid-19 pandemic will take time, and this has made us realise how necessary it is to have a digital ecosystem for both mobile operators and governments. This ecosystem would help in providing digital services and showing social responsibility to assure network healthiness during the pandemic. Such digitalisation needs a fast 5G network evolution. In the Middle East, we are lucky because of the early deployment of 5G networks. In the last two years, mobile carriers have deployed more than 10K 5G sites in the Middle East, which promises more B2C, B2B and what can you do with a computer science degree in the region’s telecom industry. However, 5G also brings operators some key challenges in terms of double power consumption, increase in equipment, and thousands of extra configurations for 5G mobile network sites, equipment and setup.

Therefore, the question here is how to control these challenges while achieving a 5G best network performance?

The answer is that digital transformation in network infrastructure and services have become a necessity.

DPI AWARDS R&D GRANTS TO SUPPORT ILLINOIS CS FACULTY

 Illinois CS faculty will benefit from recent funding from the Discovery Partners Institute, encouraging research and development in areas like autonomous farming technologies and artificial intelligence.

DPI recently made eight grants to launch world-class interdisciplinary centers for significant economic and societal impact. Four of these teams are led by professors at the University of Illinois Urbana-Champaign’s Grainger College of Engineering and College of Agricultural, Consumer, and Environmental Sciences (ACES). Each will receive $125,000, in addition to grant-writing support, access to corporate partners, and DPI’s downtown Chicago office.

This team will develop and test autonomous robots that will weed and spray corn and soybean crops; work in urban food gardens; and care for berry and nut orchards.

“We’ve been thinking about this problem for a while now. We’ve questioned how to provide more alternatives to farmers who now have to rely heavily on  chemicals for replacing labor, and we think robotics and AI hold the key,” explained computer science vs computer engineering salary, Associate Professor and Donald Biggar Willett Faculty Fellow, Agricultural and Biological Engineering. The project also involves Donald B. Gillies Professor in Computer Science Vikram Adve and Illinois CS Associate Professor Kris Hauser, plus Illinois ECE Assistant Professors Katie Driggs Campbell and Saurabh Gupta.

“We’re really excited that DPI has provided resources to help build our Autonomous Farm testbed. Now all our AI work on campus has a place where it can be applied and translated to application.” Chowdhary is also affiliated with the Departments of Aerospace Engineering, Computer Science, and Electrical and Computer Engineering as well as the Coordinated Science Lab.

Nonprofit Wireless Research Center is connecting communities through innovation – here’s how

 Flying cars are nearly visible on the horizon. Drones are delivering medical supplies. Autonomous vehicles are at work on farms. Wireless connectivity undergirds new products and services, many shaped by a novel nonprofit unifying and empowering connected communities for collaboration and innovation.

The Wireless Research Center, celebrating its 10-year anniversary this August, is a catalyst for collaborative innovation around the world. The WRC gathers communities of businesses, governments and researchers to bring new services to life including 5G, advanced mobility with autonomous air and ground vehicles, and Internet-of-Things connected devices.

At the core is a team of visionary, passionate and highly-accomplished engineers in a unique nonprofit organization. Communications expertise spans from implanted medical device sensors to satellites and space exploration. The computer science degree jobs is a trusted partner for applied research, engineering and certified wireless testing using the best equipment in the world typically found only in the R&D labs at the largest companies in the world. Customers span all industry sectors seeking expertise from the design of new concepts to certification and commercialization.

Northland Community & Technical College selected for FAA training program

The Federal Aviation Administration (FAA) has selected Northland’s Small Unmanned Aircraft Systems (sUAS) Technician program for the Unmanned Aircraft Systems-Collegiate Training Program (UAS-CTI). Launched in April of this year, the UAS-CTI is a result of the 2018 FAA Reorganization Act which required the establishment of a collegiate training initiative program relating to unmanned aircraft systems (UAS).  

The FAA’s UAS-CTI program recognizes institutions that prepare students for careers in UAS, commonly referred to as drones. To qualify for the initiative, schools must offer a bachelor or associate degree program in how hard is computer science or a degree with a minor, concentration, or certificate in UAS. Schools must provide curriculum covering various UAS training aspects, including hands-on flight practice, maintenance, uses, applications, privacy concerns, safety, and federal policies concerning UAS.

 “Northland’s Aviation Maintenance training programs lead the industry through continued excellence,” declared Curtis Zoller, Northland Associate Dean of Aerospace and Agriculture, “We are committed to ensuring our graduates have the most relevant training, preparing them to support emerging technologies in the UAS industry.”

Engineering skills transfer key to industrial recovery claims report

 A concerted effort to drive the transfer of engineering skills from one sector to another will be key to enabling UK industry to recover from Covid-19  according to a report published by construction industry skills body, the ECITB (The Engineering Construction Industry Training Board).  

The report – Skills Transferability in the Engineering Construction Industry – sheds light on the similarities in skills and competences of engineers in the many sectors that support Britain’s energy and processing infrastructure, from renewables to oil and gas, nuclear and pharmaceuticals. It also identifies barriers to skills transferability, such as ingrained workplace attitudes and recruitment practices that computer engineering jobs trades and occupations unnecessarily and place unhelpful restriction on the mobility of workers.

With the most severe economic impact from Covid-19 felt in the oil and gas industry – a sector already under pressure – the ECITB asserts that with proper planning and coordination, the pandemic presents an opportunity to accelerate transition to a carbon-free economy. It warns however that failure to act quickly, risk the loss of thousands of engineers who have the requisite skills to deliver decarbonisation.

Technology Gurus Hoffman, Pincus to Raise $600 Million SPAC

 Technology pioneers Reid Hoffman and Mark Pincus plan to raise $600 million for a new publicly traded blank-check company with the intention of merging with a technology business.

Reinvent Technology Partners is structured as a SPAC, or special purpose acquisition company. SPACs are created specifically to offer companies a way to reach the public market without going through the usual initial offering process. SPACs have a specific period of time to find a merger partner that then requires shareholder approval.

While the computer engineering definition structure has been around for many years, they have soared in popularity in 2020, and provided a route to the public market for Virgin Galactic Holdings (SPCE), DraftKings (DRFT) and Nikola (NKLA), among others.