It’s happening again – data storage specialist NetApp is cutting staff. First in 2013, then mid-2014, and now again in Summer 2015. Following a dismal showing in the fourth quarter, the company will lay off 500 workers, which represents 4% of the company’s global workforce. These changes will be instated by the third quarter (July 2015). It was a fall of the mighty, a Fortune “100 Best Companies to Work
By Harro Ten Wolde FRANKFURT (Reuters) – Apple Inc has acquired Metaio, a German company whose software melds the physical world and computer-generated elements into video displays, according to a corporate filing that surfaced on Thursday. It is found in virtual product showrooms and in manuals by retailers such as IKEA [IKEA.UL]. It differs from virtual reality, which replaces real-world views with more or less completely simulated ones.
French media group Vivendi said on Friday it would book a 4.2 billion euro ($4.6 billion) pre-tax gain from the sale of Brazilian telecommunications company GVT, which would help it pay interim dividends. The company said it had also received a 12 percent stake in Telefonica Brazil’s Vivo and would exchange 4.5 percent for 8.3 percent of Telecom Italia’s ordinary shares in the coming weeks. “The closing of the sale
By Atul Prakash LONDON (Reuters) – When Noa Strijbos picks a financial asset to trade on her smartphone while taking her dog for a walk, almost 26,000 people pay close attention. The 30-year-old Dutchwoman is among the top-ranked traders on eToro.com, one of several mobile apps and websites that allow budding investors to copy the most successful trades out there rather than come up with their own. About 25,900 people
U.S. data center company Equinix Inc said on Friday it had agreed to buy British peer Telecity Group in a deal worth 2.35 billion pounds ($3.6 billion) which ends Telecity’s pursuit of smaller Dutch firm Interxion Holding NV . Telecity, which runs some of the huge computer centers which process traffic on the Internet, said in a statement its board had recommended Equinix’s offer, and as such it was terminating
Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $15 billion acquisition agreement, a person familiar with the matter said on Friday. The New York Post, which reported on the deal’s status earlier, said the price for Altera could be $54 per share, a 15 percent premium over its Thursday closing price of $46.97. Altera shares were up 4.2 percent at $48.96
Introduction and design If you’ve handled one of Nokia’s vast array of Windows phones in the past few years twirling the Microsoft Lumia 535 round in your hands will feel instantly familiar. It’s a plastic shell, with rounded corners and an anonymous black front. Slippy but able to take a few knocks, this screamingly orange device is yet another in a succession of absolutely unsubtle Lumia devices – and it’s
Two years ago, Facebook developed a prototype storage system that used 10,000 Blu-ray discs to capture one petabyte of data, the equivalent of 64,000 Samsung Galaxy S6 or 100 of HGST’s 10TB hard drives. That technology was developed by Frank Frankovsky who left the social network company to found a startup called Optical Archive, one that has been acquired by Sony. Sony targets the so-called cold storage market which has
Two years ago, Facebook developed a prototype storage system that used 10,000 Blu-ray discs to capture one petabyte of data, the equivalent of 64,000 Samsung Galaxy S6 or 100 of HGST’s 10TB hard drives. That technology was developed by Frank Frankovsky who left the social network company to found a startup called Optical Archive, one that has been acquired by Sony. Sony targets the so-called cold storage market which has
Introduction and design The Microsoft Lumia 435 is an odd little phone. Immediately recognisable as a Lumia, given its bold colours and polycarbonate body, yet boasting sharper lines, a more boxy design and a Microsoft logo, this is a different breed of Windows Phone. As the first 400-class device in the Lumia family, the Lumia 435 is designed to appeal to a different audience from its older siblings. It’s for
