Posts tagged “NetApp”
If you missed out on the "Trump rally" that began after election night futures plunged 800 points, it still may not be too late to capitalize. CNN Money says more records could fall today, and Triangle tech stocks have climbed - with some exceptions.
Analysis: NetApp sustains bottom-line gains in its latest earnings report, but its transformation is not complete, says Technology Business Research Analyst Krista Macomber.
NetApp is laying off 650 workers but won't say how many cuts will be made in RTP. A company spokesperson says it won't meet job targets set when it committed to expansion in return for tax incentives.
Cary-based SAS is ranked No. 2 in the 2016 World's Best Multinational Workplaces list from the Great Place to Work institute. Rankings are based in large part on survey responses from employees.
Analysis: NetApp, which has a major operation in RTP, shows some promise in certain areas such as all-flash technology in its latest earnings report. But shrinking research and development could hurt, says Technology Business Research analyst Krista Macomber. "This is a threat as agile and cutting-edge innovation increasingly influences storage vendors' ability to differentiate, as long-standing architectures and purchase models become massively disrupted by customers' need to serve rising, data-centric demands from lines of business with greater efficiency and agility," she writes.
Cloud IT infrastructure spending continues to grow, but IBM, NetApp and Lenovo are not sharing in the growth, a new report shows. Cisco, Dell, EMC and HP all grew sales. So what's going on in the market?
Analysis: In previewing NetApp's latest earnings report on May 25, Technology Business Research Analyst Krista Macomber says the tech storage firm will endure declines as it invests to secure market relevance.
New statistics from research firm IDC show HP is dominating the "cloud" infrastructure business these days, but Dell, EMC amd Cisco are surging. What about IBM and NetApp? The news isn't good - at all.
NetApp is cutting jobs at its big campus adjacent to Cisco in Research Triangle Park, but the storage tech company won't say how many. Despite the cuts, a NetApp spokesperson says the company remains committed to its N.C. operation.
Analysis: NetApp is planning to cut 12 percent of its work force and is restructuring after another quarter of financial decline. Those layoffs will hit NetApp's campus in RTP, the company confirmed Thursday. Will the plan work? And what impact will the recent acquisition of SolidFire have? Technology Business Research Analyst takes a look.
Storage technology firm NetApp is cutting 12 percent of its work force, or some 1,400 jobs, as part of a "restructuring." The news comes after the company reported revenues and earnings that missed Wall Street expectations. NetApp says its RTP operations will be hit.
NetApp, which has a major campus in Research Triangle Park with some 1,600 employees, is going to cut 12 percent of its total work force as part of a "pivot" announced by CEO George Kurian on Wednesday after the markets closed. In his own words, he explains why.
NetApp CFO quits; hyperconvergence at Cisco?; Apple's Cook gets a raise as shares slump; investor wants Yahoo changes
In today's Bulldog wrapup of technology news: NetApp's CFO quits as tech company reorganizes management; Cisco reportedly is developing a hyperconvergence appliance; Apple CEO Tim Cook gets a big raise; worries drive down Apple shares; and a big investor wants changes at Yahoo.
NetApp, which has a major presence in Research Triangle Park, is bolstering its arsenal in the growing flash memory market by acquiring Denver-based SolidFire. The deal is worth $870 million in cash. And one analyst says it's a good one. Cisco reportedly was among possible buyers.
Analysis: Competition between two tech giants with a major presence in RTP is heating up as NetApp launches a new campaign targeting EMC, reports analyst Stephen Belanger. IBM, HP and Dell also are mounting more pressure on NetApp, he says.
Analysis: NetApp's latest earnings report Wednesday clearly shows the challenges facing the company remain despite the ouster of its previous CEO and job cuts, says Technology Business Research analyst Stephen Belanger. What's up with the firm which maintains a large presence in RTP?
Analysis: Storage technology firm NetApp releases its latest earnings this week, and the news is expected to reveal continuing challenges for a new CEO of the company, which maintains a large presence in RTP. Stephen Belanger, an analyst at Technology Business Research, offers his insight.
Pfizer-GSK rumors; Apple ups hiring of women, minorities; Dell's new Chromebooks; Pure Storage IPO; Tesla raising $500M
In today's wrapup of technology and life science news: Rumors heat up that Pfizer wants GSK; Apple reports big increase in hiring of women and minorities; Dell's new Chromebooks; EMC, NetApp rival Pure Storage eyes IPO; and Tesla aims to raise $500 million.