Posts tagged “NetApp”
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.
Red Hat is making a great deal of news at its annual Summit this week in Boston, such as going mobile, its partnership with Samsung, and the naming of a new CFO. Not to be overlooked is the partnership between Red Hat, Cisco and NetApp - all with deep roots in the Triangle - to drive more "cloud" and application solutions based on OpenStack. Here's a Hatter's view.
Still reeling from a disappointing quarterly earnings report and the layoffs of 500 workers (many of those cuts coming in RTP), storage tech firm NetApp now has to look for a new CEO In a terse announcement Monday, NetApp disclosed that chair and CEO Tom Georgens is out. Is the leadership change enough to right the company? One anlyst says no.
Analysis: Another weak quarter financially led NetApp to announce 500 layoffs this week with many of those taking place at its campus in RTP. The storage technology device firm is facing increasing competition and is relying on "flash" offerings to rebuild revenue even as it cuts costs. Technology Business Research analyst Stephen Belanger offers his insight into what the company will do next.
In an SEC filing Wednesday evening, data storage technology firm NetApp disclosed that it is laying off some 500 employees in a cost-cutting move. Many of those cuts are coming from NetApp's Triangle work force, sources say. NetApp won't spell out the number of local cuts but insists the firm remains "deeply committed" to North Carolina.
NetApp, its stock price under pressure and with competition "disrupting" its data storage business, is cutting some 15 percent or 200 positions of its work force at the company's big campus in Research Triangle Park, sources say. NetApp says it can't comment.
In the first of three special reports, analysts at Technology Business Research offer a detailed analysis of what is likely to happen across the data center industry. Transformation will reach "unprecedented levels" in a market were Red Hat, Cisco, NetApp, IBM, Lenovo, Oracle and many others are major players. And each of the mentioned firms has a major presence in the Triangle. WTW Insiders can read the details.
Analysis: NetApp has repositioned its portfolio to take advantage of opportunity by emphasizing its cloud, analytics and converged capabilities. Research Analyst Stephen Belanger takes an in-depth look at the storage technology firm, which has a major presence in RTP.
Analysis: NetApp, which operates a larger corporate campus in Research Triangle Park and is committed to expanding it, reports a drop in revenue for its most recent quarter. The storage technology firm is battling industry moves to "cloud" computing and hardware commoditization, writes Stephen Belanger of Technology Business Research.
Job seekers in the Raleigh-Cary metro area can expect better hunting in the third quarter of this year, says a new survey of employers from talent management firm Manpower. Across the state, hiring is forecast as "strong."
IT groups boycott IBM; McConnell joins Keona board; Siemens slashing jobs; NC bank picks SAS; NetApp raising $500M; DataChambers picks contractor
Bulldog tech and life science roundup: Tech groups boycott IBM, Manpower, Infosys over foreign job recruiting; McConnell joins Keona board; Siemens cutting 3,800 jobs; Bank of North Carolina picks SAS; NetApp raising $500 million; Raleigh contractor to build NC Research Campus data center.
NetApp formally opens a new 155,000-square foot research and development lab focused on cloud computing technology and development at its growing campus in Research Triangle Park on Friday morning. Despite two recent rounds of layoffs across the company, NetApp continues to grow in N.C.
Analysis: In its latest earnings report, NetApp reported less than expected revenue but higher earnings. However, revenue projections were below Street consensus. Kris Macomber of Technology Business Research analyzes what's up with NetApp, which has a huge campus in RTP.
Dan Warmenhoven, the chairman of the board at NetApp, is being replaced "effectively immediately" by the company's CEO, the storage device technology firm says. Warmenhoven, a former CEO of the firm, will leave the board in September. Also, the company promotes an executive to president with a $25,000 raise.
The sudden replacement of Dan Warmenhoven as chairman at NetApp and his retirement from the storage technology firm's board likely means more change is coming. As the company, which has a big presence in RTP, struggles to deal with the era of "cloud computing," CEO and now Chairman Tom Goergens has even more control over its future.