Posts tagged “NetApp”
Analysis: Technology Business Research believes NetApp's decision to eliminate approximately 7 percent of its employee base, or 900 employees, indicates that the company is working with great urgency to correct its slipping operating margin.
NetApp CEO Tom Georgens said that while the restructuring will cut some jobs, it will also free up resources to redeploy elsewhere. And he said the company won't stop hiring. Another exec also says NetApp remains committed to growing its campus in RTP.
Elliott Management Corp, a hedge fund founded by billionaire Paul Singer, has been in talks with NetApp for weeks over proposals that include returning cash to shareholders, according to Bloomberg News.
A national Big Data consortium is launching from the University of North Carolina at Chapel Hill's Renaissance Computing Institute with the goal of identifying problems with and finding solutions for working with large amounts of data.
While the rate of revenue growth in 2012 slowed to 5.4 percent from 12 percent the previous year, SAS still stretched its 37-year streak of growth and profitability dating back to its founding with revenues of $2.87 billion. It also added hundreds of new workers.
SAS, the global privately-held software company based in Cary, says its sales hit a record high $2.87 billion in 2012. SAS has now reported revenue growth for 37 consecutive years dating back to its founding.
SAS, the global privately-held software company based in Cary, says its sales hit a record high $2.87 billion in 2012. The company has reported revenue growth for 37 straight years dating back to its founding.
In the news: IBM faces inquiry in NZ; RedBox targets Netflix; NetApp stock a 'buy;' Sprint-Clearwire deal?; Dish smartphone service
Inside the Bulldog blog: IBM faces a formal government inquiry into a New Zealand contract; RedBox takes aim at Netflix with streaming service; TheStreet.com sees NetApp stock as a buy, says company could be acquired; Sprint may be taking over Clearwire; The FCC approves Dish's bid to offer wireless smartphone service.
SAS has acquired some technology and has hired a group of employees associated with that technology from Raleigh-based rPath, which is in the process of shutting down. The employees will form a new technology group at SAS.
SAS is No. 1 on the second annual global best places to work list and Quintiles is No. 23 as selected by the Great Place to Work institute. The World's Best Multinational Workplaces list of 25 companies also includes NetApp, Cisco and Novo Nordisk, which have large operations in the Research Triangle area.
Analysis: NetApp is under growing pressure from EMC as the firms, which both have growing presence in the Research Triangle,, battle for data storage clients.
"NetApp is very cash rich and has a phenomenal balance sheet," one analyst tells Bloomberg. "2011 was a tough year for NetApp. It's a wounded bird, so people can get it on the cheap."