It's likely that the separate businesses will outperform once they are set free from a conglomerate structure.
Shares of Ondas Holdings (NASDAQ: ONDS) popped today after the company released its third-quarter 2021 results. Despite the company missing analysts' consensus earnings estimate for the quarter Ondas' share price climbed today. Ondas said today that revenue decreased by 54% in the third quarter due to lower product sales.
(Bloomberg) -- Huawei Technologies Co., whose smartphone business has been devastated by U.S. sanctions, is planning to license its handset designs to third parties as a way to gain access to critical components, people with knowledge of the matter said. Most Read from BloombergStartup Fever Is Gripping the World’s Last Big Untapped NationElizabeth Holmes Faces Last-Ditch Chance to Testify at TrialChronically Underfunded HBCUs Eye Scholarships in Biden BillThe Shenzhen-based tech giant is consid