Mike Wheatley
Latest from Mike Wheatley
New Relic stock tanks on lower-than-expected earnings
Application and DevOps monitoring company New Relic Inc.’s stock lost more than 12% of its value today after reporting third-quarter financial results that left investors feeling decidedly underwhelmed. The company reported earnings before certain costs such as stock compensation of 9 cents per share on revenue of $153 million, up from the $124 million revenue ...
Report: Intercontinental Exchange is interested in buying eBay
Intercontinental Exchange Inc., which owns the New York Stock Exchange, is reportedly considering a multibillion-dollar bid to take over eBay Inc. in a move that could value the company at more than $30 billion. The Wall Street Journal said today that ICE has been discussing a potential offer with eBay executives for quite a while, though there ...
Container-attached storage startup MayaData raises $26M
Container storage startup MayaData Inc. wants to see more rapid adoption of the open-source OpenEBS project it leads after securing $26 million in funding today from investors including AME Cloud Ventures, DataCore Software and Insight Partners. OpenEBS is a cloud native storage platform that provides persistent and highly scalable block storage for container environments, which ...
Facebook adds Dropbox CEO Drew Houston to its board
Facebook Inc. today announced it has appointed Dropbox Inc. Chief Executive Officer Drew Houston to its board of directors. Houston (pictured), who is said to be a close personal friend of Facebook founder and CEO Mark Zuckerberg, co-founded Dropbox in 2007 alongside his fellow MIT student Arash Ferdowsi. As a member of Facebook’s board of ...
Microsoft Teams went offline for 3 hours this morning
Microsoft Corp. was left with egg on its face today after an outage took its Microsoft Teams communications platform offline for around three hours this morning. Microsoft Teams, a messaging platform that offers chat, video meetings and file storage, is widely used by business workers as their primary collaboration tool. But today, users trying to sign into ...
Oracle expands its cloud footprint with 5 new regions
Database giant Oracle Corp. revealed today that it has five new cloud regions up and running. They include a new region in Jeddah, which makes Oracle the first public cloud infrastructure company to offer data centers in Saudi Arabia. The other new regions have opened in Melbourne, Osaka, Montreal and Amsterdam. Oracle said it ultimately hopes ...
Intel dumps its Nervana neural network processors for Habana’s AI chips
Intel Corp. has decided to end development work on its Nervana neural network processors and will instead focus its efforts on the artificial intelligence chip architecture it acquired when it bought out Habana Labs Ltd. for $2 billion in December. The news was revealed Friday by Moor Insights & Strategy analyst Karl Freund in an article ...
OpenLegacy raises $20M to help businesses modernize legacy applications
Application modernization startup OpenLegacy Inc. has raised $20 million to help it pursue its mission of helping financial services companies move their information technology infrastructures into the cloud-native era. Japan’s SBI Holdings Inc. was the sole investor in the latest round, announced late last week. It brings OpenLegacy’s total funding to date to $70 million. ...
Western Digital buoyed by improving flash market
Data storage company Western Digital Corp. benefited from an improving flash market and stronger demand for its hard drives to deliver second-quarter financial results today that topped Wall Street’s expectations. The company reported a profit before certain costs such as stock compensation of 62 cents per share on revenue of $4.23 billion. Wall Street was looking for ...
ANALYSIS
IBM has a new CEO: Arvind Krishna to replace retiring Ginni Rometty
Shares in IBM Corp. are up almost 4% late today after the company announced that its long-serving Chief Executive Officer Ginni Rometty will retire, to be replaced by veteran IBM executive Arvind Krishna. In addition, Jim Whitehurst, former CEO of the recently acquired Red Hat Inc., will take over as IBM’s president. The changes will ...