Lenovo Group said on Wednesday its third-quarter revenue fell 8 percent to $12.9 billion due to slower global PC demand and weaker smartphone sales.» Read More
Sept 10- Hard-disk maker Seagate Technology Plc said it planned to cut 1,050 jobs, or 2 percent of its workforce, as part of a restructuring program. Seagate, which has about 52,200 employees worldwide, expects to complete the restructuring by the end of the December quarter. To help make up for a declining PC market, Seagate and rival Western Digital Corp are...
Sept 9- Nasdaq Chief Executive Robert Greifeld said in July he was delighted to have snared one of the hottest technology IPOs of the year. That became very apparent on Wednesday when the business technology startup Pure Storage said in a filing with the Securities and Exchange Commission that it would instead be listing on Nasdaq's fierce rival, the New York...
NEW YORK, Aug 19- When Josh Smith's boss got his computer stolen out of his car, he simply went to the store, bought a new one, and plugged it into his backup drive. "It even brought up the web page he had looked at the day before," says Smith, editor of Notebooks.com, who lives in Findlay, Ohio. On a recent-issue Apple Inc machine, the computer will automatically ask if you want to...
Aug 12- Pure Storage Inc filed with U.S. regulators on Wednesday for an initial public offering of common stock, a year after a private placement valued the data storage company at more than $3 billion. The company has raised over $470 million from venture capital investors including Sutter Hill, Greylock, Redpoint, Index Ventures, T. Rowe Price, Fidelity and...
Nutanix simplifies data centers by integrating servers and storage into one solution that can be up and running in an hour or less.
Xerox reported a slightly better-than-expected quarterly profit as expenses declined 4 percent.
Seagate Technology's revenue forecast for the current quarter fell well short of analyst estimates, largely due to weakness in Europe.
SanDisk said it expects revenue to be lower than it had forecast, citing weaker-than-expected sales of retail products and NAND storage chips.
Seagate Technology reported an 8.5 percent rise in revenue, helped by higher demand for its personal computer and cloud storage products.
Cisco CEO John Chambers shot down rumors Wednesday that his company was a possible buyer of computer storage company EMC.
Chipmaker SanDisk said it would buy flash storage device maker Fusion-io for about $1.1 billion.
Cloud storage company Dropbox recently corrected a bug that allowed potentially sensitive data to leak to the Internet at large, reported the BBC.
Hewlett-Packard reported quarterly earnings and revenue that beat analysts' expectations on Thursday.
British police smashed an "audacious" and sophisticated plot to take control of the bank Santander UK's computer systems and steal millions of pounds.
Mobile computing is bad news for the hard-drive business, Kynikos Associates founder Jim Chanos told the audience at the Ira Sohn investment conference Tuesday.
IDC report shows much greater declines in PC shipments than expected, but a long piece on the semiconductor industry by Barclays is also getting a lot of attention.
IBM reported quarterly earnings and revenue Tuesday that exceeded analysts' predictions. Shares rose after-hours.
There’s little doubt Americans love their electronic devices. But questions remain over whether the affection for tablets and smartphones will ring up a happy holiday.
That may sound strange, but in a world where robots are becoming more common on assembly lines, in manufacturing plants and shipping centers, Baxter takes robotics to a new level.
Industries across the board are embracing the idea of collecting and analyzing data to predict future outcomes as a way to enhance product quality and gain a competitive edge.