DircTV Price Hike; Dell Reverse Merger; Chinese Laser; Tesla Builds 5000 Model 3’sPosted: July 2, 2018
Fresh on the heels of AT&T’s Time Warner buyout approval, the company has announced a $5 a month across the board increase starting August 1st on DirecTV. Saying it will help provide ‘the best streaming experience’ and that it will keep their rates ‘in line with the market,’ the price hike will hit everyone from the $40 basic package to the $75 ‘gotta have it’ one. Engadget.com says the increase does put the base price on par with what you’d get from the likes of YouTube TV or PlayStation Vue, or Sling TV’s combined Orange and Blue package.
Dell Computer has announced a deal that would get them back to trading publicly again. Bloomberg.com reports that by combining with a stock that tracks its VMWare software unit, it brings them back to being a publicly traded stock. The DVMT share swap is valued at $17 billion. Founder and CEO Michael Dell had taken Dell Computer private back in 2013, but is wanting to streamline his multi-company tech empire and get a better handle on a massive debt load, which has been running around $50 billion. The reverse merger with VMWare fills that bill.
Elon Musk made a big splash with his ‘not a Flamethrower,’ but now something out of China is alleged to be a handheld laser. A report in the South China Morning Post says that they have developed a laser weapon dubbed the ZKZM-500, which is something of a laser AK-47. The laser gun can supposedly burn clothes and skin at 500 feet away, and is alleged to be capable of hundreds of shots. Skeptics point out that as described, it pretty badly bends the laws of physics. Also, no tests have been shown or written about. Western scientists say it would take at least a 200 lb backpack battery to power such a weapon. Still, Doctor Evil is salivating at the thought.
Tesla managed to crank out the promised 5,000 model 3’s in a week, but actually did it a few hours past the midnight deadline Sunday. According to Reuters.com, Elon Musk Tweeted about the success and also sent an all-hands email to staff that the company cleared the 5,000 Model 3’s goal and produced a total of 7,000 cars, counting the Model S and Model X production. Musk told employees that they were on track to make 6,000 Model 3’s by the end of July, and quipped ‘I think we just became a real car company!’