Mike Wheatley
Latest from Mike Wheatley
AMD enjoys a solid start to the year with strong earnings
Computer chipmaker Advanced Micro Devices Inc. delivered solid if unspectacular first-quarter financial results that beat expectations even though sales fell sharply from a year ago. AMD reported earnings before certain costs such as stock compensation of 6 cents per share on revenue of $1.27 billion, down 23% from the same period a year ago. Still, ...
Apple’s growing services revenue helps offset iPhone sales decline
Apple Inc. executives were all smiles today after the company posted second-quarter financial results that beat expectations, partly as a result of its growing services revenue. Nonetheless, the company saw its revenue and profit decline significantly from the same quarter a year ago. Earnings before certain costs such as stock compensation came to $2.46 per share, ...
Facebook adds business and marketing tools to ‘lighter,’ more private Messenger
Facebook Inc. is getting serious about the potential of its Messenger platform as a business marketing tool. Today at its annual F8 developer conference in San Jose, California, it added several new features to the platform that should help companies to generate new sales leads, drive more traffic and provide better customer services. The social network ...
At a cool $7B, UiPath becomes world’s most valuable AI startup
UiPath Inc. has cemented its reputation as one of the hottest tech startups around after landing a $568 million round of funding that puts its value at a stunning $7 billion. Coatue led the Series D round, joined by Dragoneer, Wellington, Sands Capital and funds and accounts advised by T. Rowe Price Associates, Inc. Existing ...
Dell steps up its hybrid cloud and device management plays
Dell Technologies Inc. subsidiary Dell EMC today flexed its muscles in information technology management, stitching its “hyperconverged” infrastructure platform with compute, storage and networking services from VMware Inc. to offer an easier way for companies to manage their hybrid cloud deployments. The launch of Dell Technologies Cloud comes at a time when enterprises are increasingly ...
Facebook open-sources a tool to help software find and store data faster
Facebook Inc. is donating another of its internally developed tools to the open-source software community. The social media giant said it’s adding the F14 hash table, which it uses to manage vast amounts of data, to Folly, its open-source library of software components written in the C++ programming language. In a blog post, Facebook software ...
Xilinx buys Solarflare to step up its data center networking game
Specialist field-programmable gate array chipmaker Xilinx Inc. boosted its networking credentials today by acquiring Solarflare Communications Inc. Solarflare uses FPGAs, which are computer chips that can be reprogrammed on the fly to perform specific computing tasks more efficiently, to build smart network interface cards that integrate networking, storage and compute. SmartNICS, as they’re called, reduce latency ...
Intel stock falls 7% after 2019 revenue forecast comes up short
Updated: Intel Corp. set the cat among the pigeons today after providing a weaker-than-expected full-year revenue forecast that sent investors scrambling for an exit The chipmaker’s stock fell more than 7% in the after-hours trading session despite what was nominally a good quarter for Intel. The company reported a profit before certain costs such as stock ...
SalesLoft raises $70M to help agents better engage with their clients
SalesLoft Inc. reckons its latest $70 million late-stage funding round announced today proves that companies are always looking for ways to better engage with their customers. Insight Venture Partners led the Series D round, which also saw participation from HarbourVest, bringing SalesLoft’s total funding to date to $145 million. Rather than take on industry giants such ...
Amazon updates SageMaker Ground Truth to simplify dataset labeling
Amazon Web Services Inc. made machine learning training tasks a little easier Wednesday with an update to its Amazon SageMaker Ground Truth technology launched late last year. The technology is a set of tools designed to be used with Amazon’s SageMaker service, which developers use to build machine learning models for predictive and analytical applications. The idea ...