Mike Wheatley
Latest from Mike Wheatley
Samsung’s profits wobble as smartphone sales decline
Samsung Electronics Co. Ltd. saw its profits decline for the first time in seven quarters following disappointing sales of its flagship smartphones. However, the company said Monday that strong semiconductor sales and higher prices for its display panels should drive new record-breaking earnings in the next quarter. Samsung’s second-quarter earnings report reveals its operating profit fell ...
GE is selling its digital business as it scales back industrial internet ambitions
General Electric Co. is trying to offload the bulk of its digital assets as it presses ahead with its restructuring efforts. The Wall Street Journal on Monday cited people familiar with the matter as saying that GE has retained the services of an investment bank to auction off parts of its digital division, though it’s ...
ARM reportedly buying Treasure Data in a deal worth $600M
U.K. chip maker ARM Holdings Plc is said to be finalizing its acquisition of a U.S.-based data analytics company called Treasure Data Inc. in a deal worth $600 million. Citing anonymous sources, Bloomberg Sunday reported that the deal is designed to extend ARM’s push into the so-called “internet of things,” a concept that relates to connecting everyday ...
CLOUD SPECIAL REPORT
Google and Accenture create new cloud-focused business group
Before it wrapped up its Cloud Next conference today, Google LLC signed a deal with consultancy firm Accenture Plc that will see team up to create “data insight solutions” for their enterprise customers. The new Accenture Google Cloud Business Group, made up of specialists from both companies, will “develop intelligent solutions leveraging data-driven insights.” The idea is to ...
Intel posts strong earnings but stock falls as data center growth disappoints
Intel Corp. posted strong second-quarter financial results Thursday in its first report since the resignation of its Chief Executive Brian Krzanich last month. The chipmaker reported a net profit of $5 billion, or $1.05 per share, for the quarter. Earnings before certain costs such as stock compensation came in at $1.04 per share on revenue ...
Atlassian and Slack team up to take on Microsoft Teams
Atlassian Corp. Plc. and Slack Technologies Inc. are joining forces in order to take on the might of Microsoft Corp. in collaboration software. The companies today announced a deal that will see Slack acquire Atlassian’s Hipchat and Stride platforms. Atlassian will then help to migrate users of those two platforms to Slack. The deal entails ...
CLOUD SPECIAL REPORT
Google is making more cloud resources available to nonprofits and NGOs
Nonprofit and nongovernmental organizations will get access to more data analytics resources through a new initiative Google LLC announced Wednesday. The initiative, called Data Solutions for Change, is aimed at nonprofits and NGOs that wish to leverage data analytics and machine learning without worrying about managing the underlying infrastructure, Google said. “Nonprofits today have the ...
ServiceNow expands customer base as subscription revenue jumps
Workflow automation software company ServiceNow Inc. once again surpassed Wall Street’s earnings expectations as it clinched 28 new customer deals worth more than $1 million. The company, which makes software that automates enterprises’ information technology, reported a second-quarter net loss of $52.7 million, or 30 cents per share, down a bit from a year ago, on ...
Qualcomm ditches $44B NXP Semiconductor bid as Apple ditches its wireless chips
Qualcomm Technologies Inc. said today it’s giving up on its bid to acquire Netherlands-based chip maker NXP Semiconductors N.V. because of a delay in approval from Chinese regulators. The announcement came as Qualcomm posted better-than-expected third-quarter earnings. The company’s $38 billion bid to acquire NXP has dragged on for almost two years, hampered by regulators ...
CLOUD SPECIAL REPORT
Security first: At Next, Google pitches a ring of steel around its cloud
A day after Google LLC talked about making its cloud services more accessible to greater numbers of people, today it’s focusing on keeping people away — the bad guys, that is. Security is one of the most important concerns for any company thinking of moving its applications and data to the cloud — the No. 1 ...