Mike Wheatley
Latest from Mike Wheatley
Huawei says resellers are dead, and those who use them “may become extinct”
Chinese telecommunications and networking firm Huawei Technologies Co. Ltd., has issued a rather glum-looking pronouncement for anyone still following the classic ‘man-in-the-middle’ sales model, saying that one quarter of all resellers will be out of business in the next five years. According to The Register, the company believes that not only will one in four ...
EMC completes its hybrid cloud puzzle with Virtustream acquisition
EMC Corp. chief Joe Tucci has got his checkbook out again, snapping up enterprise cloud computing firm Virtustream Inc. in a $1.2 billion cash deal. The deal comes after EMC acquired another cloud oriented firm, The Cloudscaling Group, Inc., in late 2014. Founded in 2009, Virtustream specializes in lifecycle automation and orchestration, focusing on mission-critical ...
Charter to acquire Time Warner Cable for $78.7 Billion
Charter Communications has agreed to acquire Time Warner Cable Enterprises Inc. in a cash plus stock deal that values the company at a massive $78.7 billion. The deal was announced on Tuesday, and will see Charter pay $100 in cash and shares of a new parent company — dubbed New Charter — equivalent to 0.5409 ...
BlackBerry announces fresh round of lay-offs as it pursues profitability
It’s been a rollercoaster ride for BlackBerry Limited ever since CEO John Chen took over the leadership reins, and after all the optimism earlier this year, things are now looking a bit glum with reports saying the company is set to lay-off staff in an effort to remain profitable. As The Wall Street Journal reported, ...
Wikibon analyst says Hadoop pessimism is part of natural adoption cycle
Gartner Inc. caused a bit of a ruckus last week when it poured cold water on our hopes for Hadoop with a somewhat pessimistic report highlighting the low rate of adoption among enterprise users. Gartner found that only one-quarter of the 284 technology and business leaders it surveyed were actually using Hadoop, with an even ...
Microsoft tried and failed to buy Salesforce
It’s been ‘revealed’ that Microsoft was the mystery suitor interested in acquiring Salesforce.com Inc., but the deal reportedly collapsed after the latter company’s CEO Marc Benioff rejected the offer. Talks between the two companies reached a “serious level”, CNBC reported, citing anonymous sources. Microsoft reportedly offered an eye-watering $55 billion to acquire the San Francisco-based ...
Intel CEO Brian Krzanich dismisses PC market slump
Few companies are so invested in the PC business as Intel Corp., which derived more than 95 percent of its operating income from the market in the year just gone. But you wouldn’t know it from Intel CEO Brian Krzanich’s comments about the declining fortunes of the PC market, which he confidently brushed aside as ...
HP sells 51 percent stake in Chinese businesses to Tsinghua
Hewlett-Packard Co. has just sold a majority stake in its Chinese server and storage business to Tsinghua Holdings Co. Ltd., after launching a joint-venture the company hopes will boost sales of its hardware products in the country. Tsinghua will take a 51 percent stake in the joint venture, to be called H3C, for about $2.3 ...
Cisco accused of sanctions-busting to supply banned networking equipment to Russian intelligence agencies
Cisco Systems Ltd. has come under fire following allegations that it skirted U.S. sanctions against Russia in order to sell networking equipment to its intelligence services. The allegations were made in an investigative report by Buzzfeed, which obtained internal company documents it claims show that Cisco officials knowingly approved the deal, which was made through ...
LightCyber adds new features to shut down intrusions faster
Instead of trying to keep the bad guys out of corporate networks, a new wave of startups is turning cybersecurity on its head with a different approach: let the bad guys in, identify them, and isolate them before they can do any damage. One of the most promising of these startups is LightCyber Ltd., an ...