Mike Wheatley
Latest from Mike Wheatley
Marvell Technology stock jumps on key partnerships with Nokia and Samsung
Semiconductor company Marvell Technology Group is riding high today, its stock up more than 9% after announcing a key new partnership with Nokia Corp. just days after it entered into an important new collaboration with Samsung Electronics Co. Ltd. The announcements, which both relate to 5G network infrastructure, came along with fiscal fourth-quarter financial results ...
Splunk’s stock falls as revenue guidance falls well short of forecasts
Splunk Inc.‘s stock dipped late today after the data analytics company issued revenue guidance for its fiscal first quarter way below analysts’ expectations. The warning came after the company reported fourth-quarter financial results that beat Wall Street’s revenue targets. The company posted a profit before certain costs such as stock compensation of 96 cents per share ...
Box and Slack partner to make it easier to share content securely
Collaboration software companies Box Inc. and Slack Technologies Inc. are launching a revamped integration in the form of a new application that should make it easier to for users to manage and share content more easily. Box is a provider of cloud storage services, while Slack is best known for its instant messaging and chat ...
Universal code search startup Sourcegraph gets $23 million in funding
Universal code search startup Sourcegraph Inc. is looking to get some more attention from the developer community it serves after raising $23 million in a Series B round of funding announced today. Sourcegraph’s Universal Code Search is a tool that’s used by developers to explore the code base of the applications and programs they’re working ...
Apple agrees to pay up to $500M to settle iPhone throttling lawsuit
Apple Inc. has agreed to pay as much as $500 million in order to settle a class action lawsuit over claims that it was secretly slowing down older iPhone models over time, in order to encourage users to upgrade their device. The company will pay a minimum of $310 million under the settlement, which has ...
Rajeev Suri is stepping down as CEO of struggling Nokia
Nokia Corp. today announced that its longtime Chief Executive Officer Rajeev Suri is stepping down from the role. He’ll be replaced by Pekka Lundmark, the current president and CEO of Finland’s state-owned energy firm Fortum Oyj, the company said today. Suri (pictured), who has led the company for over a decade, will stay on at Nokia to ...
Xerox launches hostile takeover attempt for HP
Xerox Corp. today officially launched its tender to acquire the much larger printer and personal computer maker HP Inc. The company is offering to pay $24 per share, or $18.40 in cash and 0.149 Xerox shares for each HP share. “Our proposal offers progress over entrenchment,” Xerox Chief Executive Officer John Visentin said in a ...
Elliott Management is reportedly trying to oust Twitter CEO Jack Dorsey
Activist investor firm Elliott Management Corp. is reportedly planning to oust Twitter Inc. Chief Executive Officer Jack Dorsey (pictured) after taking a “sizable stake” in the social media company. Bloomberg, which first reported the news late Friday, said Elliott had plans to “push for changes at the social media company.” The $40 billion hedge fund has ...
Workday financial results again top expectations
Workday Inc. extended its hot streak today, easily beating Wall Street’s expectations on its fourth-quarter results. The company, which sells financial management and human capital management software to large enterprises, reported a profit before certain costs such as stock compensation of 50 cents per share on revenue of $976.3 million, up 23% from a year ago. Subscription ...
After beating earnings target, Pure Storage updates its FlashArray//X product line
Pure Storage Inc. capped off a solid year today as it delivered fourth-quarter results that beat Wall Street’s expectations. The company also updated its main line of FlashArray//X storage appliances today. The company, which sells a range of flash memory-based data storage hardware and software products, reported a profit before certain costs such as stock ...