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☆ SEC settles insider trading charges against Andy Bechtolsheim, co-founder of Arista, Sun Microsystems
▼ + stars: | 2024-03-26 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Andreas "Andy" Von Bechtolsheim, co-founder of Arista Networks Inc., speaks during a Bloomberg West television interview in San Francisco, California, U.S., on Thursday, May 2, 2013. Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks , has reached a settlement with the SEC on insider trading charges that will cost him close to $1 million and bars him from serving as a public company officer or director for five years. Cisco announced its agreement to buy networking company Acacia for $70 per share in a $2.6 billion deal, driving Acacia's stock up 35%. "While the SEC announcement did not involve any trading in Arista securities, Arista takes compliance to the company's code of conduct and insider trading policy seriously," an Arista spokesperson told CNBC in an email. Bechtolsheim, who lives in Incline Village, Nevada, co-founded Arista in 2004 and took the company public a decade later.

Persons: Andreas, Andy, Von Bechtolsheim, Andy Bechtolsheim, Bechtolsheim, Bechtolsheim confidentially, didn't, Scott McNealy, Vinod Khosla, Bill Joy Organizations: Arista Networks Inc, Bloomberg West, Sun Microsystems, Arista Networks, SEC, Acacia Communications, Cisco, Arista, Acacia, Bechtolsheim, CNBC, Oracle, Sun Locations: San Francisco , California, U.S, San Jose , California, Incline Village , Nevada

☆ Players Championship: Wyndham Clark’s ‘duff’ into dreaded 17th hole waters allows Xander Schauffele to nudge ahead
▼ + stars: | 2024-03-16 | by ( Jack Bantock | ) edition.cnn.com time to read: +6 min

CNN —Xander Schauffele capitalized on Wyndham Clark splashing a horror shot into the waters of the fabled 17th hole at TPC Sawgrass to nudge into a one stroke lead and tee up a grandstand finish at The Players Championship. “Why would you not tee the ball up when you can?” questioned Sky Sports Golf broadcaster Ewen Murray. Clark became the latest golfer to fall foul to the 17th hole. After matching Schauffele’s par at the last hole to sign off his two-under 70 round, Clark remains within striking distance of the $4.5 million winner’s purse. Having battled through a neck injury for most of his second round, Scheffler shot 68 as he bids to become the first golfer to ever win back-to-back Players titles.

Persons: Xander Schauffele, Wyndham Clark, Clark chunked, ”, Ewen Murray, “ He’s, Laura Davies, Clark, Lynne Sladky, Clark –, “, ” Clark, that’s, ’ ” Clark, John Ellis, “ I’m, Mike Ehrmann, Schauffele, Brian Harman, ” Harman rued, ” Harman, Jared C, Tilton, McIlroy England’s Matt Fitzpatrick, McNealy, Scottie Scheffler, Scheffler, Rory McIlroy’s, Webb Simpson, Justin Ray, It's, Simpson, McIlroy Organizations: CNN, PGA Tour’s, Sports, Getty, Northern, McIlroy Locations: Clark, “, Florida

☆ Nvidia Is a Must-Buy. Or Is It?
▼ + stars: | 2024-02-22 | by ( Joe Rennison | ) www.nytimes.com time to read: +1 min

In 2002, after the dot-com bubble burst and Sun Microsystems swooned, the company’s co-founder Scott McNealy highlighted the folly of Wall Street analysts who favored one particular financial metric to gauge a stock’s worth: its price relative to the company’s sales. Mr. McNealy was musing about the “price to sales” ratio — an important measure of a company’s value relative to how much cash it generates. A high ratio can be justified if investors think a company has room to grow; a low ratio typically signals that investors think the company is accurately valued. Even if Sun passed on every dollar it was making at the time to investors, it would have taken them a decade to recover their investment. “Do you realize how ridiculous those basic assumptions are?” Mr. McNealy told Businessweek.

Persons: Scott McNealy, McNealy, Sun Organizations: Sun Microsystems, Street, Businessweek

Taylor tied the course record with an 11-under 60 in the first round and shot 70 in the second. That moved much of the second round into Saturday and there was another delay — this one for just 21 minutes — in the morning because of unplayable conditions. Scottie Scheffler — eyeing his third straight Phoenix Open win — shot 66 and is four shots back at 8 under. Theegala shot up the leaderboard on the back nine, with birdies on Nos. The 26-year-old — a three-time All-American at Pepperdine — earned his first PGA Tour win last year at the Fortinet Championship.

Persons: Theegala, Nick Taylor, Andrew Novak, Taylor, Novak, It’s, McNealy, Doug Ghin, Scottie Scheffler — eyeing, He's, Justin Thomas, Jordan Spieth, Pepperdine —, ” Theegala, ” Organizations: TPC Scottsdale, Phoenix, PGA, American, Pepperdine, “ Locations: SCOTTSDALE, Ariz

☆ iPhone 14 Pro ship times slip past Christmas weeks after Apple warned of production issues
▼ + stars: | 2022-11-16 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

IPhone 14 Pro and iPhone 14 Pro Max ship times in the U.S. have started slipping past Christmas, according to Apple's website and financial analysts. On Wednesday, checks by CNBC on Apple's U.S. website showed a shipping date of Dec. 27 for several iPhone 14 Pro and iPhone 14 Pro Max models. "While wait times had steadily moved higher in the prior surveys, the most recent data has hit an extreme level in our view," Vogt wrote. However, Apple's less expensive iPhone 14 and iPhone 14 Plus have no wait times on Apple's website and can be purchased immediately, which suggests that some consumers might decide to trade down in order to get their devices under the Christmas tree on time. "However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated and customers will experience longer wait times to receive their new products," Apple said.

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