As Wall Street gets nervous about a looming recession (and only perks up when the government throws more ill-advised ways for people to spend more money on the table), and as more and more companies give cautious to negative outlooks for the future (e.g., Intel), it's worth remembering something that Frank Lara of Stockmasters writes:Well here's what should be turning investor's heads and help them not worry about selling enough iPods, iPhones, and just overall iRecessionDontNeedCrap items: Red Hat also raised its fiscal 2008 revenue outlook to between $521 million to $523 million, up from $510 million to $520 million.… Read more
Endeca Technologies announced Wednesday it landed a $15 million investment from industry titans Intel and SAP, signaling yet another sign that enterprise search is gaining serious traction.
That investment appears a bargain, compared to the price Microsoft is paying for search company Fast Search & Transfer. Earlier this month, the software giant announced it would acquire Fast Search & Transfer in a deal valued at $1.2 billion, according to a report in the New York Times.
For Endeca, this $15 million investment adds to the more than $50 million the company has raised to date. Back in 2001, for … Read more
I suppose the big news for me today, as an Alfresco employee, should be that we just closed a $9 million Series C round with SAP Ventures leading the round. But since we didn't need the money (not even remotely) and I didn't want the dilution, it's not my favorite news of the day. Let's just say that companies don't always raise money for the money.
I was actually much more intrigued to see Zenoss add $11 million in Series B funding. Or Intel Capital's Series A investment in REvolution Computing, which provides an open-source statistical tool with commercial support and leverages parallelism.
Perhaps the big story out of the Alfresco and REvolution investments is the activity of Intel and SAP in financing open-source companies.… Read more
Duck and cover. Wall Street ended in negative territory Friday, with the markets falling across the board for the fourth consecutive day. Although by the close, the drops were modest.
Investors held out hope at the beginning of the day, as stocks climbed higher in early morning trading. By mid-morning, the Dow, Nasdaq, and S&P 500 were all headed south. By the close however, the major indexes had fallen less than 1 percent. The Dow ended the day at 12,099.30, a drop of 59.91 points, while the Nasdaq closed at 2,340.02, down 6.… Read more
I'm going to buy a new desktop computer to feed my digital photography appetites, and it's time to let the wisdom of the crowds steer me in the right direction.
There are innumerable options, but there's one particular choice I'm wrestling with: is my money better spent on a PC with a dual-core processor or a quad-core chip with a lower clock frequency?
For the benefit of anybody else in my situation, I thought I'd seek expert guidance from Adobe Systems, Microsoft, Advanced Micro Devices, and Intel and publish the results, but I got conflicting … Read more
Though cable news pundits may predict hard times ahead, reports from IBM and Intel for 2008 show the technology industry isn't ready to mimic the banking industry's financial woes just yet.
Intel announced its second consecutive record-breaking quarter Tuesday, though earnings just barely met the company's own projections.
The chipmaker reported its highest-ever fourth-quarter revenue of $10.7 billion and earnings of 38 cents per share. Intel set expectations for this quarter at between $10.5 billion and $11.1 billion, while analysts were anticipating revenue of $10.8 billion and earnings between 38 cents and 44 … Read more
Here we go again. This time it was New York State Attorney General Andrew Cuomo who ceremoniously launched an investigation into monopolistic practices by Intel.
"Our investigation is focused on determining whether Intel has improperly used monopoly power to exclude competitors or stifle innovation," Cuomo said in a statement.
The competitors in question are AMD, AMD, and of course, AMD.… Read more
Intel, fine, upstanding corporate citizen that it is, decided the world needed an "independent" news source to cover One Laptop Per Child. So it did. Or, rather, one of its employees did and called it something innocuous like "One Laptop Per Child News."
The hitch? That same employee works on an Intel-sponsored project that competes with OLPC:… Read more
LAS VEGAS--At Lenovo's press dinner the other night there was an unidentified handheld on display, sitting casually next to the three new consumer-friendly IdeaPad laptops the company had come to Las Vegas to push.
No one--not even the PR people for Lenovo--could give me specific details. All they could say was that it is only available in China, the company's home market. This video gives a bit more detail, including that it runs Linux and uses a new 45-nanometer chip from Intel.
From what I saw, it had a lot of nice features, even if it was a … Read more
LAS VEGAS--Nicholas Negroponte declined to speak about the rift between his organization, One Laptop Per Child, and Intel during a speech at the Consumer Electronics Show taking place this week.
Two of the individuals with OLPC sat directly behind me, and they talked extensively about the disagreement and their interaction with Intel before the speech. (To recap, Intel joined OLPC after a long public argument, but then recently pulled out.) I checked their badges to make sure they were with OLPC. Here are some of the highlights.
"They are so arrogant."
"Did you meet Swope (Intel exec … Read more