Robert Hof
Latest from Robert Hof
Pivotal files to go public in majority owner Dell’s bid to pay down debt
Joining the parade of new initial public offerings of stock, Pivotal Software Inc. today filed papers to go public. The move appears to be a way that Dell Technologies Inc., the majority owner of the maker of software for building cloud computing applications, can make further strides to reduce massive debt incurred from its 2016 acquisition ...
After raising $756M in its IPO, Dropbox sees shares jump 36% in market debut
File storage and collaboration service Dropbox Inc. saw its shares jump 36 percent today in the company’s first day of trading after its initial public offering of stock. Shares opened trading this morning at $29 a share after Dropbox priced its IPO Thursday afternoon at $21 a share, above an already higher range of $18 to $20 ...
Facebook launches Fabric Aggregator to bust the network bottleneck
For some time, networking capacity has been more of a bottleneck for online services than computer power. Today, Facebook Inc., which has some 2 billion users, is launching a new way to make sure sites and services can build the kind of networks needed to offer videos, photos and virtual reality experiences people are demanding. ...
Investors hammer Oracle on disappointing cloud computing growth
Updated: Oracle Corp.’s come-from-behind battle to join the big leagues of cloud computing got another small boost today, but it wasn’t nearly enough for investors hoping for a faster ascent to the technology industry’s most sweeping trend. The database and business software giant, which has been in a multiyear transition from licensed software installed in ...
With a sprinkle of AI dust, Google boosts options for ads in mobile apps
As ever more online activity continues to move to mobile devices, so do the ads — especially ads that aim to get people to install apps and games and buy goods inside them. Today, ahead of next week’s big annual Game Developers Conference in San Francisco, Google is announcing a number of new mobile ad ...
Citing national security, Trump quashes Broadcom’s takeover of Qualcomm
President Donald Trump late today quashed Broadcom Ltd.’s $121 billion hostile bid to buy Qualcomm Inc., effectively ending a deal that would have upended the semiconductor industry. The President cited national security concerns in a White House statement, which read in part, “There is credible evidence that leads me to believe that Broadcom Limited, a limited ...
Report: Intel considering a bid for Broadcom to head off its pursuit of Qualcomm
Intel Corp. is reportedly considering a number of acquisition possibilities, including Broadcom Ltd., as an apparent attempt to discourage Broadcom’s own hostile bid for Qualcomm Inc. The Wall Street Journal late today reported that the Santa Clara, California-based chip giant is weighing the options because executives fear that a combined Broadcom and Qualcomm could create ...
Growth accelerates for two data center disruptors, Pure Storage and Nutanix, but investors split
Two companies disrupting the traditional data center today reported revenue growth of more than 40 percent in their latest quarters, pointing to accelerated interest in new storage technologies by both cloud computing providers and companies moving quickly into artificial intelligence applications. The companies, Pure Storage Inc. and Nutanix Inc., approach the data center market with ...
Google opens up Flutter mobile app user interface software to beta test
When the folks behind “Hamilton” wanted to build an app for the smash musical quickly last year, they turned to a little-known mobile software framework called Flutter that Google quietly previewed just a few months earlier to help developers create user interfaces more easily. Now, more developers will be able to use it. Today at the Mobile World ...
In a positive sign for IPOs, file-sharing firm Dropbox files to go public
One of the most long-awaited initial public offerings of stock could finally happen soon, as cloud storage giant Dropbox Inc. today officially filed for an IPO. The company had reportedly filed confidentially to go public last month, but today, the Securities and Exchange Commission unsealed the plans. The offering could come as early as March ...