Mike Wheatley
Latest from Mike Wheatley
Red Hat debuts new logo ahead of IBM acquisition
Red Hat Inc. is dropping its legendary “Shadowman” logo after almost 20 years as its proposed $34 billion acquisition by IBM Corp. nears completion. The enterprise software company debuted its new logo (pictured) this week, saying that six of its employees, including one high-ranking executive, already have it tattooed onto their bodies. The revamped logo ...
Bob Muglia quits CEO role at Snowflake Computing, replaced by Frank Slootman
Former Microsoft Corp. executive Bob Muglia is standing down from his role as chief executive at Snowflake Computing Inc. after five years in the job. Muglia (pictured), who helped the cloud data warehouse startup achieve strong growth and attract enormous funding during his tenure, will be replaced by Frank Slootman, who did a similarly good ...
Qualcomm to get $4.5B+ in royalties from Apple, but guidance disappoints
Updated: Qualcomm Technologies Inc. posted better-than-expected earnings today, but its guidance signaled that the lucrative resolution of its yearlong legal battle with Apple Inc. won’t be enough to counter the impact of slowing sales of smartphones that use its chips. The company also revealed more details about that settlement, which ensures its mobile chipsets will ...
Facebook updates PyTorch AI framework as adoption explodes
Facebook Inc. today headlined its annual F8 developers conference in San Jose, California, with an update of PyTorch, its popular artificial intelligence software framework used by developers to accelerate the deployment of AI-based applications. The PyTorch platform has rapidly become a big hit with AI developers since its launch back in 2017, as it enables them ...
Twilio’s revenue shoots up 80% as it easily beats targets
Cloud communications services company Twilio Inc. is back on track after beating its first-quarter profit and revenue targets. The company, which disappointed investors in the last quarter with its poor full year guidance, reported earnings before certain costs such as stock compensation of 5 cents per share on revenue of $233.1 million, up 81% from ...
AMD enjoys a solid start to the year with strong earnings
Computer chipmaker Advanced Micro Devices Inc. delivered solid if unspectacular first-quarter financial results that beat expectations even though sales fell sharply from a year ago. AMD reported earnings before certain costs such as stock compensation of 6 cents per share on revenue of $1.27 billion, down 23% from the same period a year ago. Still, ...
Apple’s growing services revenue helps offset iPhone sales decline
Apple Inc. executives were all smiles today after the company posted second-quarter financial results that beat expectations, partly as a result of its growing services revenue. Nonetheless, the company saw its revenue and profit decline significantly from the same quarter a year ago. Earnings before certain costs such as stock compensation came to $2.46 per share, ...
Facebook adds business and marketing tools to ‘lighter,’ more private Messenger
Facebook Inc. is getting serious about the potential of its Messenger platform as a business marketing tool. Today at its annual F8 developer conference in San Jose, California, it added several new features to the platform that should help companies to generate new sales leads, drive more traffic and provide better customer services. The social network ...
At a cool $7B, UiPath becomes world’s most valuable AI startup
UiPath Inc. has cemented its reputation as one of the hottest tech startups around after landing a $568 million round of funding that puts its value at a stunning $7 billion. Coatue led the Series D round, joined by Dragoneer, Wellington, Sands Capital and funds and accounts advised by T. Rowe Price Associates, Inc. Existing ...
Dell steps up its hybrid cloud and device management plays
Dell Technologies Inc. subsidiary Dell EMC today flexed its muscles in information technology management, stitching its “hyperconverged” infrastructure platform with compute, storage and networking services from VMware Inc. to offer an easier way for companies to manage their hybrid cloud deployments. The launch of Dell Technologies Cloud comes at a time when enterprises are increasingly ...
