Mike Wheatley
Latest from Mike Wheatley
HP CEO Dion Weisler steps down, to be replaced by 30-year vet Enrique Lores
HP Inc. President and Chief Executive Officer Dion Weisler is quitting his job and will be replaced by Enrique Lores as of Nov. 1, the company said today. Weisler (pictured), who has led HP ever since its split from Hewlett-Packard Enterprise Co. in 2015, is stepping down for what the company said was a “family ...
Salesforce stock jumps as customer software giant’s earnings top forecast
Salesforce.com Inc. ticked all the boxes today as it reported second-quarter earnings that beat forecasts and provided guidance for the next quarter that surpassed what was expected. The company, which sells software for managing customer relationships, reported earnings before certain costs such as stock compensation of 66 cents per share on revenue of $4 billion, ...
ANALYSIS
VMware pays billions to acquire Pivotal Software and Carbon Black
Virtualization giant VMware Inc. put its money where its mouth is today, announcing the acquisitions of software development platform provider Pivotal Software Inc. and cybersecurity firm Carbon Black Inc. VMware said it’s buying Pivotal for $2.7 billion, while Carbon Black will cost it an additional $2.1 billion. The deals, expected to close before January 2020, ...
Protests prompt Alibaba to delay Hong Kong stock exchange listing
Chinese Internet giant Alibaba Group Holding Ltd. will reportedly postpone an initial public offering on the Hong Kong stock exchange because of ongoing political tensions in the territory. Alibaba’s listing was scheduled to take place in late August and could have raised up to $20 billion for the company. But Reuters said the company decided to postpone ...
Pure Storage beats earnings forecasts but lowers guidance
Pure Storage Inc. reported better-than-expected second-quarter earnings today, but it slashed revenue guidance for the next three months because of ongoing oversupply issues in the flash storage market. The company, which sells a mix of flash-based data storage hardware and software products, reported earnings before certain costs such as stock compensation of a penny a ...
Splunk acquires application monitoring firm SignalFX for $1.05B
Big data analytics company Splunk Inc. announced its largest-ever acquisition today as it delivered second-quarter financial results that beat Wall Street’s forecasts. Splunk said it’s intending to buy the cloud application monitoring firm SignalFX Inc. for $1.05 billion. About 60% of that amount will be paid in cash, with the other 40% Splunk common stock, ...
Big tech firms join forces to advance ‘confidential computing’
A raft of big technology firms is backing a new Linux Foundation-led initiative that aims to promote the concept of “confidential computing,” or encrypting data while it’s in use. The Foundation said in a statement that the new Confidential Computing Consortium will focus on standardizing methods to ensure that data can be encrypted as it’s ...
Box adds stricter access controls and threat detection capabilities
Cloud content management company Box Inc. is bringing new content security controls and intelligent threat detection capabilities to its users with the launch today of Box Shield. Box Shield was announced as a private beta a year ago at the file-sharing company’s annual BoxWorks conference. The service, which is built natively into Box’s content management suite, ...
H20.ai gets $72.5M funding to bring AI to the masses
Artificial intelligence firm H20.ai Inc. has just bagged a $72.5 million round of funding as it looks to further its mission of democratizing AI for businesses of all shapes and sizes. The Series D round was led by Goldman Sachs and Chinese venture capital firm Ping An Global Voyager Fund, and almost doubles the amount ...
Report: Apple’s health team suffers employee departures amid internal strife
Apple Inc.’s health team is in crisis, hit by a series of high-profile departures over the last year as a result of internal disagreements over its direction, according to a report by CNBC. The report cited anonymous sources as saying that some Apple employees feel that the company should be pursuing more ambitious health-related projects ...