Maria Deutscher
Latest from Maria Deutscher
IDC: Smartphone sales dropped 18.3% in the fourth quarter
Worldwide smartphone shipments declined 18.3% year-over-year during the fourth quarter in the biggest such drop on record, according to International Data Corp. research. Preliminary data released by IDC today indicates that consumers bought 300.3 million handsets in the last three months of 2022. That’s down from 362.4 million a year earlier. Demand was also lower ...
Mobileye more than doubles adjusted profit in fourth quarter
Vehicle chip supplier Mobileye Global Inc. today posted strong fourth-quarter financial results that topped analysts’ expectations. The company’s adjusted net income jumped 121% year-over-year in the three months ended Dec. 31, to $217 million. That translated into adjusted earnings per share of 27 cents. Analysts polled for the Refinitiv consensus estimate had expected the company ...
Report: EU preparing to launch antitrust investigation into Microsoft over Teams
The European Union is preparing to launch an antitrust probe into Microsoft Corp. over its Teams video conferencing and messaging service, Politico reported today. Sources familiar with the matter told Politico that the EU plans to “escalate the probe quickly.” As part of the initiative, antitrust officials reportedly intend to issue a statement of objections ...
Extreme Networks stock drops 14%+ despite quarterly results topping expectations
Shares of Extreme Networks Inc. dropped more than 14% today despite the company posting better-than-expected quarterly earnings and raised its full-year revenue guidance. In conjunction with the release of its quarterly results, Extreme Networks announced the resignation of Chief Financial Officer Rémi Thomas. The executive will remain with the company until Feb. 17. Cristina Tate, Extreme ...
Strata bags $26M to simplify application access management for enterprises
Startup Strata Identity Inc., which helps companies more efficiently manage how users access their applications, has closed a $26 million Series B funding round. Strata announced the round this morning. The lead investor was Telstra Ventures, the venture capital fund of Australian broadband provider Telstra Group Ltd. The fund’s previous investments include Auth0, another provider ...
CoreWeave acquires cloud rendering startup Conductor
Cloud infrastructure startup CoreWeave Inc. today announced that it has acquired Conductor Technologies Inc., a provider of rendering software, to expand its product portfolio. The terms of the deal were not disclosed. Roseland, New Jersey-based CoreWeave is backed by more than $155 million in funding. The startup operates a cloud platform optimized to host applications ...
Snyk receives $25M strategic investment from ServiceNow
ServiceNow Inc. today announced that it has made a strategic investment in Snyk Ltd., a well-funded startup focused on helping developers detect and fix code vulnerabilities. The Wall Street Journal reported that the investment is worth $25 million. Besides buying a stake in Snyk, ServiceNow has also built an integration for the startup’s vulnerability detection ...
Komprise nabs $37M for its unstructured data management platform
Komprise Inc. has raised $37 million in funding to expand the adoption of its data management platform, which the startup says can help companies move on-premises workloads to the cloud more efficiently. The Campbell, California-based company announced the investment today. The participating investors included Canaan Partners, Celesta Capital, Multiplier Capital and Top Tier Ventures. It has ...
Justice Department and eight states sue Google to break up its ad tech business
The U.S. Department of Justice and eight states today filed an antitrust lawsuit against Google LLC that seeks to break up the search giant’s advertising technology business. The states participating in the litigation are Virginia, California, Colorado, Connecticut, New Jersey, New York, Rhode Island and Tennessee. The lawsuit follows months of reports that Google could ...
Stripe becomes a strategic payments partner for Amazon
Amazon.com Inc. plans to broaden its use of Stripe Inc.’s payment processing platform significantly as part of an expanded partnership that the companies announced today. Stripe, in turn, will expand its use of Amazon Web Services Inc.’s public cloud. The payments startup already runs multiple internal workloads on AWS. San Francisco-based Stripe operates a popular ...