Murli Thirumale isn't your typical Silicon Valley executive. Far from it. He got his start with an MBA -- no coding or engineering. He took two-and-a-half years off after his data-depulication start-up, Ocarina Networks, was sold to Dell in 2010. And his new company, Portworx, a container storage company, designs products based almost entirely on customer feedback.
Google will be the star of a segment on 60 minutes this weekend discussing its monopoly power, Square stock is unsettled by PayPal's iZettle deal, Applied Materials dropped sharply and the Street debates how serious the cut in outlook is for the equipment supplier, and chip-equipment competitors Lam and KLA-Tencor are hit by the fallout, KeyBanc's Michael McConnell writes the overall chip market is doing great, and Advanced Micro Devices gets the thumbs up at Cowen.
Qualcomm is getting closer to approval of its bid to buy NXP Semi by Chinese regulators, opines RBC Capital analyst Amit Daryanani, and that should be of interest to value investors, he believes.
Online learning company Pluralsight became the latest tech company to make a favorable splash on Wall Street. Its shares soared 33%, to $20.02, in its IPO debut today.
Applied Materials shares sagged in late trading after the company's quarterly revenue and profit topped expectations but its outlook for this quarter's revenue came in lower than expected.
Amazon's plan to offer discounts to Prime members who shop at Whole Foods Market is part of a developing plan for domination in the worlds of e-commerce and retail. But it doesn't go far enough, and its financial impact is negligible, Loop Capital Markets said in a report today.
Cisco shares slump as analysts debate whether its transformation is moving fast enough, Pandora Media's doing great with its own stealth transformation according to Stifel, PayPal can pay out big time with its cash pile according to Raymond James, Deutsche Bank tells Dropbox fans not to worry about low-cost competition from Google, Stifel warms up to Teradata's move away from super-computing big iron to software, bull and bear debate the outlook for video game maker Take-Two, and Goldman says Tesla is going to need a lot more money in future than you think.
Cisco's CFO, Kelly Kramer, tells Barron's the transition of the company to more "recurring revenue," including software subscriptions, is proceeding nicely, even if some bears seem to always think it's not happening fast enough. A nice highlight of Cisco's quarterly results is the return to growth in its network switch sales for corporate "campus" networks, where it faces new competition from Arista.
Tech companies, large and small, are scrambling with last-minute preparations for compliance with the European Union's General Data Protection Regulation (GDPR), which goes into effect May 25.
Take-Two shares were halted ahead of its report of better-than-expected quarterly revenue, but a forecast for this year's revenue is below consensus.
Cisco's stock sagged in late trading as the market deemed its earnings beat not good enough.
Cisco vendors who resell the networking giant's "Catalyst" switches are reporting nice trends that could help its quarterly results after the call today. But will Arista's new push into Cisco's "campus" turf have an impact?
Intel memory-chip executive Rob Crooke lays out a vision for its unusual "Optane" chips succeeding solid-state drives as the future storage of PCs.
AMD has a window of opportunity as Intel's manufacturing hiccups, Spotify has good brand awareness but high churn as people seem content with free stuff, Square's "Cash" app is catching up with PayPal's Venmo on app downloads, Applied Materials is being punished for the slump in OLED displays but Stifel thinks the stock should be bought for the other LCD projects going on, Apple's still got good trends for its iPhone and inventory is clearing, Canaccord likes the earnings prospects at Qualcomm, Micron continues to enjoy less-bad pricing trends in memory chips, and Wells Fargo is upbeat about AT&T after spending a day with its CFO.
Facebook said it discovered and lacerated 837 million pieces of spam, 583 million fake accounts, 21 million instances of nudity and sexual activity, 3.5 million posts depicting violent content, 2.5 million examples of hate speech, and 1.9 million pieces of terrorist content.
Don't sweat the exposure of chip equipment makers Lam and KLA-Tencor to memory-chip production, says Krish Sankar of Cowen & Co. Both stocks are Buys, as demand for memory chips continues to grow. He's less enthusiastic about Applied Materials and ASML.
Uber became the latest tech giant here to launch an apologetic national TV ad last night, vowing to do better after previous transgressions sullied its reputation.
Western Digital said its paying down debt at lower rates and now plans to buy back at least half a billion of its stock by the end of June. Bulls are taking that as a sign that the NAND flash business may be healthier than some feared, with prices perhaps declining less than expected the rest of this year.
Spending on hyperscale data infrastructure could jump 29% this year, according to Morgan Stanley. Here’s where to invest.
Tesla's margin outlook cut at Morgan Stanley and it's gonna need more money than originally thought, Pivotal Software gets mixed reviews from underwriters, Apple's services business may hit a speed bump this quarter according to Bernstein, Micron Technology's shares are unfairly discounting the NAND flash business according to Stifel's Kevin Cassidy as he raises his price target on the shares to $101, Symantec does some explaining regarding its accounting investigation but it raises new worries the management could be at risk, and Nokia's feeling pretty chipper about the 5G orders it's seeing.