Mike Wheatley
Latest from Mike Wheatley
Android creator Andy Rubin’s smartphone startup Essential is shutting down
Essential Products Inc., the smartphone hardware startup founded by Android creator Andy Rubin, is shutting down. The company said it would cease business operations because it has “no clear path” to delivering its next products to customers. Rubin launched Essential around three years ago amid much fanfare thanks to its concept of a modular next-generation, ...
ANALYSIS
Cisco beats earnings forecast but its stock falls on lower hardware sales
Updated: Cisco Systems Inc. just managed to beat market expectations today with its second-quarter financial results, but its product revenue took a serious hit thanks to declines in application and infrastructure sales. The world’s largest provider of computer networking gear reported a profit before certain costs such as stock compensation of 77 cents per share on ...
Mainframe data management startup Model9 raises $9M
Israeli startup Model9 Ltd., which sells cloud data management services for mainframe users, is hoping to gain a bit more traction after landing $9 million in an early-stage round of funding led by Intel Capital. Stage One, North First Ventures and Glenrock Israel also participated in the Series A round, which brings Model9’s total amount ...
Cybersecurity startup Deep Instinct raises $43M in new round
Cybersecurity firm Deep Instinct Ltd. is hoping to make a name for itself after raising an impressive $43 million in a funding round led by Millennium New Horizons. Unbound, LG Electronics Inc. and Nvidia Corp. also participated in the Series C round announced today. It brings Deep Instinct’s total amount raised to $100 million. Deep ...
ANALYSIS
IBM aims to simplify storage with new FlashSystem family
IBM Corp. is trying to eliminate some of the complexity of data storage with a new family of flash storage products it introduced today to meet the needs of a large array of enterprises, including entry-level, midrange and high-end systems that extend to hybrid and multicloud environments. The new IBM FlashSystem is a family of ...
In the coming ‘tech-clash,’ enterprises will need to balance business value and customer values
As a new “post-digital” era dawns in which every business is striving to modernize itself, enterprises will need to adopt a more human-centered approach that strikes a better balance between business value and the “values and expectations” of their customers and employees. That’s according to a new report released early Wednesday by information technology consultancy ...
US says it has proof Huawei can spy on governments, but still won’t share it
U.S. national security officials say they have proof that the Chinese telecommunications firm Huawei Technologies Co. Ltd. has “backdoor” access to mobile phone networks around the world, and that they have provided that evidence to some foreign governments. “We have evidence that Huawei has the capability secretly to access sensitive and personal information in systems ...
FTC to investigate big tech firms over past acquisitions
The U.S. Federal Trade Commission said today it’s planning to review some past acquisitions made by big technology firms, including Google LLC parent Alphabet Inc., Amazon.com Inc., Apple Inc., Facebook Inc. and Microsoft Corp. The FTC has issued requests to the companies, saying it’s seeking “information and documents on the terms, scope, structure, and purpose” ...
Watchdog groups file amicus briefs in support of AWS in JEDI cloud contract case
Amazon Web Services Inc. has gotten the backing of a couple of influential independent watchdog groups as it fights to overturn the Department of Defense’s controversial decision to award a key cloud computing contract worth up to $10 billion to its rival Microsoft Corp. The DOD awarded the Joint Enterprise Defense Infrastructure project to Microsoft ...
Refinitiv brings its Tick History financial data to Google’s cloud
Financial markets data provider Refinitiv Ltd. said today it’s making its Tick History dataset available on the Google Cloud Platform. It’s a significant move because it means customers will be able to query and analyze the extensive Refinitiv dataset using Google’s BigQuery service. Refinitiv’s Tick History dataset is comprised of historical tick data that’s drawn ...