Mike Wheatley
Latest from Mike Wheatley
NetApp’s stock falls on revenue miss and soft guidance
Shares of the data storage company NetApp Inc. trended down in after-hours trading today after the company reported revenue that came in below analysts’ estimates and followed with soft guidance for the coming quarter. The company reported fiscal third-quarter earnings before certain costs such as stock compensation of $1.37 per share, beating Wall Street’s target of ...
Google claims major breakthrough in quantum computer error correction
Google LLC has achieved a major breakthrough in its efforts to build a quantum computer that can be used for practical applications. The company said today its discovery will help it to overcome the challenge posed by “quantum errors,” which is one of the major roadblocks in the way of developing a functional quantum computer. ...
Nvidia reports better-than-expected earnings, sending its stock higher
Shares of the computer graphics chipmaker Nvidia Corp. rose more than 8% in after-hours trading today after the company reported higher-than-expected fourth-quarter revenue, earnings and net income. Nvidia beat Wall Street’s targets despite seeing a significant drop in all three categories year-over-year. The company reported earnings before certain costs such as stock compensation of 88 cents ...
AI startup HireLogic raises $6M to aid job recruiters
Artificial intelligence-powered hiring assistant HireLogic Inc. said today it has raised $6 million in an early-stage funding round led by Joseph P. Landy, a former partner and co-chief executive officer of the private equity firm Warburg Pincus LLC. Existing investors from HireLogic’s earlier seed funding round also participated in the Series A round, bringing its ...
Ahead of MWC, Dell doubles down on open telecom networks
Dell Technologies Inc. said today it’s making a number of moves aimed at helping telecommunications firms to adopt open, cloud-native technologies to build their next-generation network architectures more easily. Telecom firms are keen to adopt open mobile network architectures that free them to use nonproprietary subcomponents from a variety of different suppliers. Open radio access ...
Employee data API startup Finch raises $40M
Finch Inc., a startup that builds application programming interfaces that connect to company payroll, human resources and benefits systems, said today it has closed on a $40 million Series B funding round. Today’s round, which follows a $15 million Series A investment in June, was led by existing investors General Catalyst and Menlo Ventures. QED ...
Deutsche Telekom partners with Ericsson and Google to showcase next-gen cloud-native network
German telecommunications firm Deutsche Telekom AG announced today that it has achieved another key milestone in its ongoing partnership with Telefonaktiebolaget LM Ericsson and Google Cloud. Working with its partners, it managed to implement cloud-native network functions from Ericsson 5G Core on an on-premises variant of Google Distributed Cloud Edge in record-breaking time. At a Deutsche ...
Arrcus to showcase next-gen 5G and multicloud network capabilities at MWC 2023
Hyperscale networking software startup Arrcus Inc. said today it’s planning to transform 5G networks to enable communications service providers to deliver a wealth of new services and make money from their infrastructure with a much lower total cost of ownership. The company plans to showcase the latest version of its Arrcus Connected Edge platform and ...
Coinbase’s stock falls as user numbers and trading volume decline
Cryptocurrency exchange Coinbase Global Inc. beat projections as it delivered its fourth-quarter earnings and revenue today, but its user numbers fell short of estimates, sending its stock down in after-hours trading. In a letter to shareholders, the company reported a loss before certain costs such as stock compensation of $2.46 per share, slightly better than ...
BMC Software reportedly files plans for IPO that could value it at $15B
Enterprise software firm BMC Software Inc. reportedly filed confidential plans for an initial public offering late Friday, in what could be one of the first signs of the market thawing after almost a year of inactivity on the IPO front. The technology industry has been one of the hardest-hit by the global economic slowdown that ...