Mike Wheatley
Latest from Mike Wheatley
Open-source software giant Red Hat Inc. delivered mixed fourth-quarter results in what should be one of its last earnings reports. The company, which is being acquired by IBM Corp. in a $34 billion deal that should close in the second half of this …
Oracle reportedly axes hundreds or more staff from its engineering teams
Oracle Corp. has reportedly axed hundreds of its engineering staff worldwide amid an organizational restructuring that’s meant to help the company refocus on its cloud infrastructure operations. IEE Spectrum reported Friday that the total number of staff cut could exceed “thousands worldwide,” with …
Payment processing startup Marqeta is in talks to raise $250m
Digital payment processing company Marqeta Inc. looks to have gained some considerable momentum in recent months, if reports of its upcoming funding round are any indication. The company is all set to close on a huge $250 million Series E round of …
Amazon reportedly testing new video ad service on its mobile app
Never one to shy away from a potentially lucrative new revenue stream, Amazon.com is reportedly looking at expanding its push into the $129 billion digital advertising market. The report comes from Bloomberg, which said Amazon is testing a new service that involves …
Subscription management company Zuora’s stock plunges on lower guidance
Updated: Cloud subscription management services firm Zuora Inc.’s stock plunged more than 15 percent today in after-hours trading thanks to light guidance for its fiscal first quarter. Update: On Friday, shares ended up falling 14 percent. The drop came in spite of …
Report: Apple signs up Wall Street Journal for its upcoming paid news service
Apple Inc. has reportedly signed up the Wall Street Journal to its upcoming subscription news service, which is likely to be announced next week. The New York Times, which said it won’t be joining Apple’s service, reported that Apple and the Journal …
Gartner says AI will assume 80% of all project management tasks by 2030
Project managers who are worried about the prospects of artificial intelligence one day stealing their jobs might do well to consider a career change as soon as they can. That’s because Gartner Inc. analysts predict that AI software will eliminate around 80 percent of …
Micron announces production cut as demand for its memory chips falls
Updated: Micron Technology Inc. says it can weather the storm of a sharp downturn in demand for its products. The company, which makes memory chips for data centers, reported lower-than expected guidance for its upcoming third quarter, but insisted that it will …
Container storage outfit Portworx lands $27M funding round
Container storage company Portworx Inc. reckons it’s time to play with the big boys after landing a $27 million round of funding that almost doubles the total amount it has raised to date. The Series C round, led by Sapphire Ventures and the …
Tencent follows other Chinese internet firms with major staff cutbacks
China’s Tencent Holdings is laying off about 10 percent of its senior managers as part of a major organizational restructuring plan, according to local media reports. The move is the latest in what appears to be a growing trend by Chinese internet …