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☆ Chip stocks have had a tough year — but one looks 'really inviting,' fund manager says
▼ + stars: | 2022-10-20 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Semiconductor stocks have been beaten down all year — thanks to waning chip demand and the easing of supply chain disruptions that hobbled the sector at the peak of the Covid pandemic. The iShares Semiconductor ETF is down around 44% year-to-date — a bloodbath even by this year's bear market standard. Hedge fund manager David Neuhauser said he believes Intel now looks "really inviting," with the company having lost a significant chunk of its market value so far this year. So, if there was one stock I would look at, it would be Intel today," Neuhauser said. Against the backdrop of these macro headwinds and intensifying competition in the sector, chip companies are looking to bolster their position.

☆ 4 power players who left Cisco this year amid supply-chain issues, a malware attack, and the market downturn — and 8 who joined
▼ + stars: | 2022-10-19 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

But top leaders have joined and left the firm amid supply-chain issues, a malware attack, and more. Here are four important execs who left Cisco in 2022 and eight who joined. After three quarters of steady earnings, the $157 billion hardware giant ended fiscal 2022 with fourth-quarter revenue of $13.1 billion. In addition to hardware, Cisco announced plans to deliver new products such as collaboration software, security tools, and predictive software engines to detect networking issues. Here are 4 important executives who've left Cisco and 8 who've joined since January:

☆ 4 power players who left Cisco this year amid supply chain issues, a malware attack, and the market downturn — and 8 who joined
▼ + stars: | 2022-10-19 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

But top leaders have joined and left the firm amid supply chain issues, a malware attack, and more. Here are four important execs who left Cisco in 2022 and eight who joined. In addition to hardware, Cisco announced plans to deliver new products such as collaboration software, security tools, and predictive software engines that detect networking issues. In the midst of these world events, Cisco saw a series of leadership changes, some of which coincide with major restructuring of its teams. Here are four important executives who have left Cisco and eight who have joined since January 2022:

☆ These 16 cloud-software companies could be acquired by tech giants or private equity as the economy sours, according to RBC analysts
▼ + stars: | 2022-10-18 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +3 min

Here are the 16 software firms RBC analysts say are M&A targets for tech giants and private equity. More software M&A is in the forecast as valuations and stock prices continue to drop — and private companies aren't the only ones likely to get gobbled up. Additionally, private-equity firms will likely continue snapping up public cloud-software companies and taking them private while prices are low, according to analysts. "In other words, we believe larger scale debt-financed private-equity takeouts could be unlikely in the near-term," RBC analysts wrote. Here are the 16 software firms that are M&A targets, according to RBC analysts:

☆ Broadcom banks on early EU approval of $61 billion VMware deal
▼ + stars: | 2022-10-16 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, Oct 17 (Reuters) - U.S. chipmaker Broadcom (AVGO.O) will seek early European Union antitrust approval of its proposed $61 billion buy of cloud computing company VMware (VMW.N) by pointing to competition from Amazon (AMZN.O), Microsoft (MSFT.O) and Google (GOOGL.O), people familiar with the matter said. Announced in May, the deal is the second biggest globally so far this year and marks Broadcom's attempt to diversify its business into enterprise software. Register now for FREE unlimited access to Reuters.com Register"This (deal) is creating more competition in the cloud market where there are very big players now. Broadcom has yet to seek EU approval for the deal. "This should be a first phase investigation based on the facts," the person said, referring to the EU preliminary merger review.

☆ Kroger Pauses Buybacks to Prioritize Debt Reduction After Albertsons Deal Closes
▼ + stars: | 2022-10-14 | by ( Kristin Broughton | ) www.wsj.com time to read: +4 min

The blockbuster transaction comes amid a slowdown in deal making, economic uncertainty and concerns among investors about companies that carry high levels of debt. Cincinnati-based Kroger said Friday that it will pay for the $24.6 billion deal with cash and proceeds from a new debt financing. The company secured a 364-day, $17.4 billion bridge loan from Citigroup Inc. and Wells Fargo & Co., it said in a securities filing. Kroger will temporarily pause buybacks with the goal of giving priority to debt reduction after the transaction closes, the company said Friday. The company on Friday didn’t say what its leverage ratio will be after the transaction closes.

☆ Evercore ISI sees some potential winners as earnings forecasts expected to plunge
▼ + stars: | 2022-10-10 | by ( Patti Domm | In | ) www.cnbc.com time to read: +1 min

Evercore ISI analysts expect earnings estimates to plunge, but they do see some winners emerging during earnings season in a bifurcated market. For the third quarter, Evercore ISI expects S & P 500 earnings to grow at a 4.1% pace and beat estimates by a modest 1.2%. The stocks also have seen positive 2023 earnings revisions and high short interest relative to the past year. Apple, for instance, is up 7.7% since the June low and its 2023 earnings have been revised down 23.8%. Evercore ISI also looked at stocks that could underperform this earnings season.

☆ Riverbed CEO explains his plan to overcome financial troubles and beat out rivals like Cisco by pivoting from hardware to software
▼ + stars: | 2022-10-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

The information-technology firm Riverbed is betting it can outdo giants like Cisco, worth about $172 billion, in the observability-tools space. In a switch from its networking hardware roots, Riverbed is launching more software products that use artificial intelligence and machine learning to monitor a firm's IT infrastructure, known as observability tools. After years of hardship, Riverbed's suite of observability tools generates more sales than its hardware, making it pivotal to the firm's recovery strategy. Riverbed's focus on observability software is especially important now that the chip shortage is slowing down the production of its WAN optimization devices, another blow to its hardware sales, Smoot said. That's why it's not discontinuing its hardware business despite hinging future growth on the observability market.

☆ Startup Workspan raised $30 million to keep growing as it helps top tech companies like Microsoft, Cisco, and SAP manage relationships with partners
▼ + stars: | 2022-10-05 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +4 min

Ecosystem management tool Workspan has raised a $30 million Series C round. Workspan's tools help companies like Microsoft and Amazon Web Services co-sell with partners. It was there that he came up with the idea for what would become his next company, WorkSpan. Workspan was able to gain momentum quickly because of how necessary its tool is to large technology companies, Bawa said. Workspan has raised a total of $66 million in funding from investors like Insight Partners, Mayfield Fund, M12, and Redline Capital Management.

Many companies that have shifted enterprise-technology tools into the cloud in recent years, in part as a cost-saving measure, say those investments have yet to pay off. Rather than run software and systems in their own hardware, commercial cloud users tap computing capabilities from providers such as Amazon.com Inc. and Microsoft Corp. They are also turning to multiple cloud providers, rather than relying on one cloud, for different systems and applications for different business areas. “Many first movers expected significant IT cost efficiency from their cloud investments,” said Barry Brunsman, a principal in KPMG’s CIO Advisory group. “You really do need to not just take it for granted that cloud is where you should head,” she said.

☆ Why hundreds of Twitter workers are fleeing the company
▼ + stars: | 2022-09-21 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Two months after Elon Musk declared his intent to acquire Twitter in a $44 billion deal, the billionaire spoke directly with employees at the company. Musk's meeting with Twitter employees covered everything from aliens to layoffs, but did little to reassure workers, according to people with knowledge of the matter. According to the Twitter workers, who asked not to be identified, the business saw a net loss of more than 700 full-time staff as of September. Pittsburgh tech workers on why they chose the lesser-known tech hub. SpaceX CEO Elon Musk said in a tweet that the company would "ask for an exemption to Iranian sanctions."

☆ I quit my dream job at VMware just 10 days after Broadcom announced its $61 billion acquisition plan. Here's why I knew I had to leave.
▼ + stars: | 2022-09-20 | by ( Jacob E. Robbins | ) www.businessinsider.com time to read: +3 min

The cloud provider had given me a better offer financially, but I chose VMware because it offered me a dream job. It was an opportunity to work in a leadership role and VMware had a better culture from what I had seen. Ten days in, the news breaks about Broadcom buying VMware for $61 billion. This new role will be a great role, and it might be a steppingstone to another role within the company. Do you work at VMware or Broadcom and have an insight to share?

☆ Wall Street's biggest investors can't shake a nightmare about the US economy. And that fear is much worse than a recession.
▼ + stars: | 2022-09-18 | by ( Aaron Weinman | ) www.businessinsider.com time to read: +5 min

Talk of a recession, rough inflation data, and the persistent increase in costs of certain staple goods has got Wall Street's biggest investors living in fear of an economic nightmare. Wall Street has been hit by a brutal market sell-off this year. Wall Street investors fear an economic nightmare. BMO Capital Markets is cutting jobs amid the broader downturn in dealmaking, according to Bloomberg. Private-equity investment firm Corsair has made an investment in Miracle Mile Advisors, a wealth advisory firm based in Los Angeles.

☆ Wall Street’s top analysts bet on these stocks as economic uncertainty increases
▼ + stars: | 2022-09-18 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

To that end, here are five stocks chosen by top Wall Street pros, according to TipRanks, a platform that ranks analysts based on their performance history. White has a track record of a 57% success rate on his ratings, each rating generating average returns of 11%. EQT CorporationThe growing demand for natural gas as an energy source is driving growth at EQT Corporation (EQT). (See Broadcom Stock Investors on TipRanks) The analyst believes that the acquisition will significantly drive Broadcom's earnings per share. 128 among around 8,000 analysts on TipRanks, Rakesh has had success with 57% of his ratings.

☆ 8 companies Amazon, Microsoft, or Google might buy as they shop for deals amid the market downturn, including Workday, Unity, and Roku
▼ + stars: | 2022-09-15 | by ( Belle Lin | ) www.businessinsider.com time to read: +13 min

That means Amazon Web Services, Microsoft Azure, and Google Cloud could be poised for a merger-and-acquisition spree. As for cloud acquisitions, analysts said Amazon's cloud unit didn't often buy companies. Cybersecurity has been a greater focus for Microsoft, AWS, and Google Cloud after the hack of the IT-software company SolarWinds in 2020. In 2019, Google purchased the data-analytics company Looker for $2.6 billion in cash under Google Cloud CEO Thomas Kurian. With Kurian at the helm, bringing with him the Oracle acquisition playbook, Google Cloud may now have a bigger M&A appetite.

☆ VMware's $8 million SEC settlement over 'misleading' revenue statements is another reason for doubt, employees and analysts say
▼ + stars: | 2022-09-14 | by ( Jessica Xing | ) www.businessinsider.com time to read: +5 min

Analysts say the allegations show VMware's lack of confidence in its big cloud subscription bet. The SEC claims the firm misled investors by — as early as 2019 — purposely delaying customer deals on VMware's cloud subscription product. Yet, the SEC charge is another way VMware's leadership has mishandled communication, according to employees. "Employees are repeatedly being kept out of the loop," one employee tells Insider. Concerns over growthAnalysts say the SEC charge indicates that VMware's growth isn't as fast as it should be.

Analysts were skeptical of the Broadcom acquisition from the startFrom the get-go, Broadcom's plan to buy VMware seemed far-fetched. Read more:Customers and employees tell Insider the worst is yet to comeWork at VMware quickly lost meaning for employees under the threat of Broadcom's impending acquisition. Meanwhile, VMware customers are starting to feel the ripple effects. Since the Broadcom deal was announced, VMware employees have reported "aggressive" recruiter outreach from giants like Amazon Web Services, Google, and IBM. They told Insider about their plans to use the buyout to get closer to VMware customers.

☆ 7 power players who left VMware as Broadcom's $61 billion buyout looms and employees leave in droves –– and 4 who recently joined
▼ + stars: | 2022-09-06 | by ( Jacob E. Robbins | ) www.businessinsider.com time to read: +1 min

Top VMware executives like CMO Carol Carpenter have left the cloud-computing firm recently. This comes as chip giant Broadcom plans a $61 billion buyout and employees leave in droves. Meet the seven executives who have left VMware in 2022 and the four who have joined. Broadcom, a semiconductor firm, announced its intention to purchase VMware, a cloud-computing firm, for $61 billion in May. Here are seven important executives who have left VMware and four who have joined since January 2022:

☆ Some VMware partners say they're optimistic about the $61 billion Broadcom buyout and see it as an opportunity to cozy up to customers who fear they'll get lost in the deal's fallout
▼ + stars: | 2022-09-01 | by ( Paayal Zaveri | Jessica Xing | Jacob E. Robbins | ) www.businessinsider.com time to read: +6 min

But some partners say they're optimistic and see an opportunity to cozy up to VMware customers. In fact, several VMware partners view the seismic buyout as an opportunity and hope to use it to their advantage. Even those who weren't as optimistic about Broadcom's takeover told Insider the 24-year-old company was in need of a shake-up. Why VMware partners are optimisticBefore the acquisition announcement, Broadcom told investors the firm was "totally focused on the priorities" of 600 top strategic accounts. "Broadcom is where good software goes to die," an employee from a VMware partner told Insider.

☆ Broadcom CEO makes surprise appearance at VMware's big conference amid customer and employee concerns about the $61 billion takeover deal
▼ + stars: | 2022-08-30 | by ( Paayal Zaveri | Jessica Xing | Jacob E. Robbins | ) www.businessinsider.com time to read: +4 min

VMware's conference for customers, employees, and partners kicked off this week in San Francisco. Broadcom CEO Hock Tan made a surprise appearance at VMware's big annual conference, VMware Explore, which kicked off this week in San Francisco. Prior to the acquisition announcement, Broadcom told investors the firm is "totally focused on the priorities" of 600 top strategic accounts. "What typically happens with acquisitions like this is that innovation stops," an IT professional for a smaller VMware customer in the oil industry told Insider at the conference. Several smaller customers told Insider they're worried that when the buyout closed, they may be forced to switch to bigger vendors like Microsoft, despite preferring VMware services.

☆ Leaked VMware memo reveals its global support VP is the latest exit in an employee exodus amid the Broadcom buyout
▼ + stars: | 2022-08-27 | by ( Jessica Xing | Jacob E. Robbins | ) www.businessinsider.com time to read: +2 min

Karen Egan, VMware's vice president of global support, is leaving the company after 15 years. Another high-level executive has announced their departure from cloud computing firm VMware. In her role as senior vice president of global support, Egan oversees critical customer accounts and support escalations for all VMware clients. Contact the reporter Jessica Xing via the encrypted messaging apps Signal or Telegram at +1 (551)-280-9140, encrypted email (jessica.xing@protonmail.com) or at jxing@insider.com. Contact the reporter Jacob E. Robbins via the encrypted messaging apps Signal or Telegram at +1 (413)-717-0171, encrypted email (jacoberobbins@proton.me), or Twitter DMs (@JacobERobbins).

☆ VMware employees describe 'aggressive' recruiter outreach from AWS, Google, and IBM after Broadcom deal announced
▼ + stars: | 2022-08-25 | by ( Jessica Xing | Jacob E. Robbins | ) www.businessinsider.com time to read: +5 min

VMware employees are leaving the firm in droves after Broadcom announced its plans to buy the firm. Employees told Insider they received an "onslaught" of recruiter emails after the announcement. Days after the chip firm Broadcom announced a $61 billion deal to acquire the cloud-computing company VMware, recruiters could sense the malaise within VMware — and they pounced. Seven current and recent VMware employees said they'd been approached by recruiters in large volumes following the announcement of the acquisition. Unless I'm actively looking and applying for positions, I haven't been directly reached out to," the engineer told Insider.

Tech stocks generally carry more risk than other stocks, but they also promise significantly more growth. Throughout much of the 21st century's historic bull market, tech stocks have been at the forefront of the rise, with the biggest tech stocks all outperforming the S&P 500 over the past five and 10 years. There's a fundamental reason why tech stocks tend to attract more investor demand than other kinds of equities. This has added to optimism that tech stocks, in particular stocks which have already seen big gains, will still be a safer longer-term bet," Streeter says. If an investor wants the highest possible appreciation, they would do well to devote a segment of their holdings to tech stocks.

☆ Dell forecasts upbeat revenue on strong PC demand
▼ + stars: | 2021-11-23 | by ( ) www.reuters.com time to read: +2 min

Nov 23 (Reuters) - Laptop maker Dell Technologies Inc (DELL.N) on Tuesday forecast current-quarter revenue above estimates, highlighting strong demand for its personal computers and servers from companies moving toward a hybrid work model. Revenue from its infrastructure solutions group, which includes the data center business, was up 5% at $8.4 billion in the quarter. Total revenue jumped 21% to $28.39 billion, compared with analysts' average estimate of $26.82 billion, according to Refinitiv data. Meanwhile, rival PC-maker HP Inc (HPQ.N) also reported a quarterly profit that more than quadrupled to $3.09 billion, and said its personal systems unit posted a 13% rise in revenue. Dell's freshly spun off cloud computing unit, VMware, posted a 10% rise in revenue during the quarter.

☆ TECHFLOW EUROPE 2021: Experți IT cu renume mondial despre viitorul ingineriei software
▼ + stars: | 2021-04-08 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

Ediția din acest an se va desfășura online în toate locațiile Endava din Europa și vizează peste 2000 de participanți în cele două zile de conferințe și prezentări tehnice. Evenimentul va avea loc în 15 și 16 aprilie 2021 și va include unii dintre cei mai renumiți experți IT, care își vor împărtăși cunoștințele și experiența privind viitorul ingineriei software. Agenda include o discuție în timpul primei zile și 14 prezentări principale în cea de-a doua zi. Endava este lider în furnizarea de servicii tehnologice de ultimă generație și își sprijină clienții în dezvoltarea propriilor organizații, prin utilizarea soluțiilor scalabile de Distributed Enterprise Agile. Clienții Endava activează în industriile de Plăți, Servicii Financiare, TMT (Tehnologie, Media si Telecom), Bunuri de Consum, Logistică și Medicală.

Persons: Adam Bien, Paul Stack, Mark Heckler, Ana Maria, Manuel Pais Organizations: Evenimentul, Java, IBM, Endava, Media Locations: Europa, JAVA, Telecom, America de Nord, Europa de Vest, România, Moldova, Bulgaria, Serbia, Macedonia de Nord, Slovenia, Bosnia, Herțegovina, Argentina, Uruguay, Venezuela, Columbia

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