Posts tagged “NetApp”

November 22

'Trump rally' lifting many Triangle tech stocks

Bullish   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.

November 17

Premium Lock Earnings report show NetApp's transformation is paying off

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 outlines its hybrid cloud service NetApp outlines its hybrid cloud service

Updated November 4

Premium Lock NetApp cuts 6% of work force, won't say how many layoffs to hit RTP

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.

NetApp outlines its hybrid cloud service NetApp outlines its hybrid cloud service

Updated October 26

Premium Lock SAS ranks No. 2 in global Great Place to Work list

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.

Great Places to Work Great Places to Work

August 18

Premium Lock Inside NetApp: Shrinking its R&D budget 'a threat'

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.

August 11

Premium Lock Report: Public cloud spending to double, hitting $195B by 2020

In the cloud Good news for Red Hat, IBM, Cisco, Oracle and all those other firms focused on "cloud" computing: Business is going to get even better in terms of cloud-related software and services.

July 1

Premium Lock Report: Lenovo, IBM, NetApp losing cloud IT market share

Cloud Network 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?

Updated May 24

Premium Lock Inside NetApp: Changing market requires portfolio reboot

NetApp 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.

Updated April 11

Premium Lock 'Cloud' stats show dominance by HP while IBM, NetApp slip

Cloud computing 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.

March 2

Premium Lock NetApp: RTP remains 'major facility,' won't disclose layoff numbers

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.

NetApp's RTP campus  NetApp's RTP campus

Updated February 19

Premium Lock Inside NetApp: More aggressive restructuring, including 12% cut work force, is key to reboot

NetApp's RTP campus  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.

Updated February 18

Premium Lock NetApp: Layoffs will hit RTP campus; exact number not disclosed

Layoffs        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.

Updated February 18

Premium Lock In NetApp CEO's own words: Why he's cutting 12% of work force

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's 155,000 square foot lab in RTP NetApp's 155,000 square foot lab in RTP

January 7

Premium Lock NetApp CFO quits; hyperconvergence at Cisco?; Apple's Cook gets a raise as shares slump; investor wants Yahoo changes

Bulldog 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.

Updated December 22, 2015

Premium Lock Flash!NetApp acquires venture-backed SolidFire in $870M deal

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.

NetApp's 155,000 square foot lab in RTP NetApp's 155,000 square foot lab in RTP

December 22, 2015

Premium Lock NetApp deal for SourceFire triggers blaze of headlines, reaction

NetApp's RTP campus  NetApp triggered a wave of headlines across the web Monday evening with the news that it's buying flash memory startup SourceFire and what the deal means Here's a sampling.

November 27, 2015

Premium Lock Inside NetApp: New campaign targets EMC as revenue falter

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.

Inside NetApp's new RTP lab Inside NetApp's new RTP lab

Updated August 20, 2015

Premium Lock Tough times continue at NetApp: Weak demand drives down revenues, margins

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?

NetApp's 155,000 square foot lab in RTP NetApp's 155,000 square foot lab in RTP

Updated August 18, 2015

Premium Lock Inside NetApp: Earnings report to reveal continuing challenges for new CEO

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.

NetApp's RTP campus  NetApp's RTP campus

August 14, 2015

Premium Lock Pfizer-GSK rumors; Apple ups hiring of women, minorities; Dell's new Chromebooks; Pure Storage IPO; Tesla raising $500M

Bulldog 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.

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