Posts tagged “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.
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.
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.