In a filing today with the Securities and Exchange Commission, Dell said that its special committee has reached an agreement with Icahn. The agreement bars Icahn from buying more than 10 percent of Dell's shares or partnering with other shareholders to own more than 15 percent of Dell. However, as part of the pact, Icahn has been granted a limited waiver that allows him to "engage" with other … Read more
Hewlett-Packard today launched its Moonshot server line with an Intel-based Atom system -- and more chipsets planned in the future. The promise: HP will create Moonshot hyperscale, software-defined servers for custom workloads.
The bet for HP is that it can launch new Moonshot systems at three times the product cycle of traditional servers. For HP, Moonshot represents the company's ability to innovate, remain a server leader, and keep up with cloud customers, which are increasingly building their own gear.
HP CEO Meg Whitman started today's Webcast by talking "brontobytes of information" and by arguing that the … Read more
Four years ago, Roadrunner was the world's fastest supercomputer. But it has lost a step on today's speed leaders and will be shut down today in preparation for dismantling.
Created in 2008 to monitor the U.S. nuclear weapons stockpile, the IBM supercomputer was the first system to break the petaflop barrier, hitting 1.026 petaflops shortly after its installation at the Los Alamos National Laboratory. (1 petaflop is equal to a quadrillion, or one thousand trillion, calculations per second.) It would ultimately sit atop of the Top500 supercomputers list three times.
In its five years of operation, … Read more
Belkin announced today that it has completed the acquisition of Linksys from Cisco.
The privately held networking vendor unveiled its interest in Linsys in late January, and now the deal is complete. This means Linksys' technologies, including its routers and the Smart Wi-Fi portfolio and services, will be managed and maintained by Belkin, but as a separate brand and product portfolio.
This also means that Cisco Connect Cloud, with which users can manage and control control home networks powered by a Smart Wi-Fi router via the Internet, will also be branded without Cisco in its name.
Cisco bought Linksys back … Read more
SAN JOSE, Calif.--The value at stake for the "Internet of Everything" is $14.4 trillion that businesses and customers can capture in the next decade, according to Cisco.
In other terms, Cisco is projecting that the Internet of Everything has the potential to grow global corporate profits by 21 percent in aggregate by 2022.
"The opportunity here -- and the challenge -- is the next level of scale," said Rob Lloyd, president of sales and development at Cisco, while speaking at Cisco's second annual Editors Conference at the company's Silicon Valley headquarters here … Read more
Laptop hard drive speeds aren't tied strictly to revolutions per minute anymore, according to Seagate.
Seagate is abandoning 2.5-inch 7200rpm magnetic mobile hard drives for hybrids that have slower-rated RPMs but integrate large solid-state drive (SSD) caches, the company said today in a statement provided to CNET.
"Seagate's innovation in the area of Solid State Hybrid Drives (SSHD) technology provides a much faster overall performance platform than 7200 RPM based hard drives," the company said.
Bottom line: Seagate is saying a 5400rpm hard drive with a large SSD is faster than a pure 7200rpm magnetic … Read more
The firm says it's likely that Dell CEO and founder Michael Dell and partner Silver Lake, a private equity firm, will raise Dell's takeout bid by nearly 10 percent to $15 a share to "satisfy agitated shareholders."
"Our conversations with investors lead us to believe that most want a raised bid, but that they are also cognizant of the lack of competing bidders and of … Read more
In October 2011, I managed to annoy Michael Dell.
It was shortly after Steve Jobs died, and I sat with Dell for a 30-minute talk at the company's home in Round Rock, Texas. I was a reporter for Dow Jones at the time.
The interview had nearly ended, and Dell was on his way out the door when I asked the question, "Michael, is there anything you learned from Steve Jobs and his time at Apple that you can apply to Dell?"
He paused thoughtfully and then said that he'd met Jobs while in college and … Read more
Dell will be taken private for $24.4 billion, or $13.65 a share, in a transaction announced today that will allow the company to try to turn itself around without the pressure of shareholder expectations.
Founder and CEO Michael Dell, who owns about 14 percent of Dell's common shares, teamed up with Silver Lake Partners to acquire the company. Microsoft is also kicking in a $2 billion loan.
The deal, which is subject to regulatory and shareholder approval, should be wrapped up before the close of Dell's fiscal second quarter, which ends in July. Following completion of … Read more
Oracle said today that it has agreed to buy Acme Packet for $1.7 billion.
Acme Packet sells voice and data products and services used across IP networks. Its customers range from telecommunications providers to large enterprises and include 90 of the world's top 100 communications firms, according to Oracle.
The addition of Acme is expected to help Oracle customers ramp up the move to all-IP networks. Together with Acme, Oracle will be able to offer a range of products and technologies that can support large companies as they deploy their IP networks.
All-IP networks are increasingly being rolled … Read more