Posts tagged “Red Hat”
Wall Street's big stock rally on Wednesday helps the world's billionaires snap a money losing streak, according to Bloomberg Billionaires. That rebound includes Cary's Jim Goodnight, who regains more than $200 million of his fortune. Meanwhile, Triangle stocks rebound as well led by Red Hat.
Innovation at Red Hat earns the Raleigh-based open source software and services firm the No. 26 spot on the 2015 Forbes "World's Most Innovative Companies" list. Who's No. 1? Tesla. There are a few other Triangle connections, too.
On what's being called "Manic Monday" with the Dow and Nasdaq plunging before recovering then dropping again, Durham's Cree and Novozymes, which has a big presence in Franklinton, bucked the selloff. Take at look at the WRAL TechWire "30" for a snapshot of Triangle tech and life science stocks.
IBM's highly publicized launch of two Linux mainframe servers earlier this week barely made mention of Red Hat while playing up Red Hat rivals. That raised eyebrows at the HQ of WRAL TechWire, so we asked the Hatters: What's going on? Then there's the Open Mainframe Project. Is Red Hat involved? Our Insiders get the story.
Big Blue is rolling out new mainframes focusing on open source Linux, a sure sign that hardware isn't quite dead at IBM. Mainframes remain a profit center even as IBM has shed in recent years its PCs, printers, point-of-sale and x86 server businesses as well as semiconductors.
Just after the markets closed Monday, Red Hat disclosed that it had added Deutsche Bank Chief Information Officer Kim Hammonds to its board of directors. And she receives a compensation package that includes $550,000 in stock over three years plus $92,500 a year in cash (if she wants it) annually.
Kristen DeMaria, a senior at Elon University and an intern at Red Hat, writes in a blog at opensource.com that everyone in the IT industry needs to pitch in to help address the gender gap. How? By educating young women and girls about potential career possibilities.
Ecommerce services provider ChannelAdvisor is getting a new chief financial officer: Red Hat's Mark Cook. It's the second big management change for ChannelAdvisor since May. Meanwhile, the CFO who helped take ChannelAdvisor public is retiring.
A new survey of businesses from Fortune 500 to small firms finds that companies are looking to hire mobile apps developers in big numbers. The top needs? WTW Insiders find out what the Red Hat survey discovered.
GSK's HIV drug deal with China; inside IBM's Wimbledon bunker; Red Hat adds SAP to cloud; Tesla sets record; Wi-Fi in Cuba
In today's wrapup of technology and life science news: GSK makes an HIV drug deal with China; going inside IBM's bunker at Wimbledon; Red Hat adds SAP support to cloud services at Amazon; Tesla sets a record for car deliveries; and Cuba gets Wi-Fi hot spots.
The Supreme Court is staying out of a long-running legal battle between technology giants Oracle and Google over copyright protection for a computer program that powers most of the world's smartphones and computer tablets. Red Hat had allied itself with Google in the case.
As the stock markets closed Wednesday, Cree announced a restructuring plan, a big cut in its revenue forecast and a $500 million share buyback plan. Wall Street reaction was immediate Thursday: Shares fell 10 percent to a new 52-week low. Will the slide continue today? Will there be layoffs?
The late Neal Page, Ryan Allis, Jud Bowman, Bob Young and their companies (Inlet, Broadwick, Motricity, Red Hat) were branded among the original "disruptors" by Business 2.0 magazine in 2007. WTW takes a look back at them in light of Cisco's new "Digital Vortex" report on the latest "disruptor" trend.
Is "cloud computing" cheaper than running information technology applications on your own internal resources? It's often touted that way, but a new report from Information Services Group says "cloud" is not always cheaper. WTW Insiders can access the details.
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.
Red Hat wasted no time in capitalizing on news about its mobile apps suite based on FeedHenry technology acquired last year. Tuesday evening, just hours after announcing it's going mobile, Red Hat disclosed a partnership for apps with Samsung, taking direct aim at the Apple-IBM partnership in the same arena.
Red Hat is going mobile with a new suite of applications built around technology it acquired last fall with the purchase of FeedHenry. The Red Hat Mobile Application Platform is designed to help customers speed up, simplify and integrate app development.
How badly did red Hat want Frank Calderoni, the former chief financial officer of Cisco, to become its new CFO? Try $13.5 million in cash and stock - plus an annual salary of $685,000 and an annual bonus potentially matching that salary.
Frank Calderoni, a former executive with Cisco, is Red Hat's choice as its new chief financial officer. Calderoni will replace Charlie Peters, who is retiring. Calderoni is getting a $4 million bonus plus up to $9 million in stock to take the job.