Updated: Personal computer and server giant Dell Technologies Inc. today said it’s exploring a possible spinoff of its 81% stake in computer virtualization software firm VMware Inc. The aim of the deal, outlined in a Schedule 13D filing today with the Securities and Exchange Commission, would be to provide more value for Dell shareholders by ...

In a bid to boost its stock price, Dell Technologies Inc. is looking at potentially spinning off its $50 billion stake in VMware Inc., or alternatively buying the rest of the publicly held computer virtualization services company. That’s according to a report today in the Wall Street Journal, citing people familiar with the situation who said both ...

Networking giant Cisco Systems Inc. today announced plans to acquire San Francisco-based network intelligence startup ThousandEyes Inc. for an undisclosed amount. Under the deal, ThousandEyes’ technology will be used across Cisco’s core Enterprise Networking and Cloud services as well as its AppDynamics services. Co-founder and Chief Executive Mohit Lad (pictured) will become general manager of ThousandEyes, under Cisco’s ...

IBM Corp. is cutting jobs in the first major layoffs under new Chief Executive Officer Arvind Krishna, according to reports late Thursday by Bloomberg and the Wall Street Journal. It wasn’t clear how many jobs were being cut, though a source told the Journal that it’s several thousand, out of a massive staff of about 350,000 people. ...

Updated: With expectations for Amazon.com Inc.’s quarter in the stratosphere thanks to potential benefits from the coronavirus pandemic, the retail and cloud computing giant had a lot to live up to today. It couldn’t. Because of the high costs of trying to satisfy online commerce demands from customers sheltered at home and protect its own ...

Another big-tech leader has shown the market it can weather the coronavirus pandemic: Facebook Inc. today pleased investors with a better-than-expected first quarter despite a late slump in ad revenue. The social media giant reported a first-quarter profit of $5.9 billion, or $1.71 a share, more than double a year ago when the company had ...

Updated: Alphabet Inc. today provided a positive sign of the impact the coronavirus pandemic will have on technology giants, reporting lower profits in its first quarter but still managing to eke out better-than-expected revenue growth. The parent of search ad giant Google LLC reported a first-quarter net profit of $6.84 billion, or $9.87 cents a ...

The Department of Defense said in a court filing today that it wants to “reconsider” its disputed decision to award the $10 billion Joint Enterprise Defense Initiative contract to Microsoft Corp. over onetime front-runner Amazon Web Services Inc. In the filing with the U.S. Court of Federal Claims, the Pentagon said it was responding to ...

In a document newly unsealed Friday, Amazon.com Inc. argued that Microsoft Corp.’s winning bid for a $10 billion Pentagon cloud computer contract should have been disqualified because the software giant’s bid called for using a data storage system that didn’t meet requirements. On the basis of that argument, Amazon Web Services Inc., the retail giant’s ...

VMware Inc. beat expectations on revenue for its fiscal 2020 fourth quarter, but it wasn’t enough to avoid a disappointing profit that sent its shares south late today. The computing virtualization software company, majority owned by Dell Technologies Inc., reported a fourth-quarter profit before certain costs such as stock compensation of $868 million, or $2.05 a ...