Mike Wheatley
Latest from Mike Wheatley
Xilinx slumps on weak guidance blamed on Huawei ban
Computer chipmaker Xilinx Inc. spooked investors today after saying its current-quarter revenue will likely fall well short of expectations. The company said it’s expecting third-quarter revenue of between $710 million to $740 million, some way short of Wall Street’s forecast of $844.9 million. The reason? The ongoing trade war between the U.S. and China, and ...
Microsoft’s cloud shines again as it easily tops earnings targets, but Azure slows
Microsoft Corp.’s stock barely moved the needle late Wednesday after the company reported fiscal first-quarter earnings and revenue that beat Wall Street’s expectations, only to come up short with its guidance for the next quarter. The company reported a profit before certain costs such as stock compensation of $1.38 per share on revenue of $33.06 billion, up ...
IonQ raises $55M to pursue alternative approach to quantum computing
Samsung Electronics Co. Ltd.’s Catalyst Fund and Mubdala Capital, a sovereign wealth fund of the United Arab Emirates, are the lead investors in a $55 million round of funding announced today for quantum computing startup IonQ Inc. New investors ACME Capital, Airbus Ventures, Hewlett Packard Pathfinder, Tao Capital Partners, Correlation Ventures and A&E Investment LLC. Existing ...
Defense Secretary Mark Esper pulls out of JEDI cloud computing contract review
U.S. Secretary of Defense Mark Esper has removed himself from the review process of the Pentagon’s highly lucrative Joint Enterprise Defense Infrastructure cloud computing contract after it was revealed that one of his adult sons is working at onetime bidder IBM Corp. “Out of an abundance of caution to avoid any concerns regarding his impartiality, ...
Former Google VP Chet Kapoor joins DataStax as CEO
Database company DataStax Inc. has a new chief executive officer today: former Google LLC Vice President Chet Kapoor. He replaces outgoing CEO Billy Bosworth, who will leave the company in a few weeks following a short transition period. Bosworth said in a blog post that DataStax began its search for a new CEO earlier this year, ...
Big-data firm Databricks bags $400M late-stage funding round
Investors are upping their stakes in the big data company Databricks Inc., which today said it has bagged a massive $400 million round of funding. The Series F round was led by Andreessen Horowitz’s Late Stage Venture Fund and saw participation from new investors BlackRock Inc., T. Rowe Price Associates Inc. and Tiger Capital Management. ...
Splunk offers expanded data access and real-time stream processing
Big data analytics company Splunk Inc. early today announced the general availability of its new Data Fabric Search and Data Stream Processor capabilities in the on-premises and cloud versions of its Data-to-Everything Platform. The goal, it said, is to enable federated search and stream processing at a massive scale. Announced at its annual .conf19 event ...
Adobe brings its Magento e-commerce platform to AWS and Azure
Adobe Systems Inc. today announced some updates to its Magento Commerce platform that’s used by small and medium businesses to run their e-commerce operations. Adobe acquired the open-source Magento platform for $1.68 billion last year. The Magento Commerce platform is an online retail system that had processed $155 billion in annual sales for merchants at the ...
Nvidia debuts supercomputing platform to deliver AI at the network edge
Nvidia Corp. took to the stage at the Mobile World Congress in Los Angeles late Monday to announce availability of its new EGX Edge Supercomputing Platform that’s all about harnessing so-called “edge data” for artificial intelligence purposes. Nvidia founder and Chief Executive Jensen Huang (pictured) said EGX would enable companies to harness rapidly streaming data ...
IBM debuts new capabilities for Watson Anywhere AI initiative
IBM Corp. today updated its Watson AI tools to help customers eliminate some of the data complexities that prevent them from implementing artificial intelligence-based technologies. The updates are all part of IBM’s so-called “Watson Anywhere” initiative that involves scaling AI across any kind of cloud computing platform. Watson Anywhere’s main aim is to make data accessible ...