Business, Financial & Legal News - Page 219

The latest and most important Business, Financial & Legal news - Page 219.

HP Signs $100 Million Tech Services Agreement With Coca-Cola FEMSA

Trak Lord | Mon, Mar 28 2011 11:39 AM CDT
HP Signs $100 Million Tech Services Agreement With Coca-Cola FEMSA | TweakTown.com


Despite their recent issues with Oracle, HP has got Latin America locked down when it comes to technical infrastructure. The company announced today that they will continue the relationship that started over a decade ago with the Mexican arm of soft-drink giant Coca-Cola to the tune of $100 million and 5 more years. Hector Calva, Chief Information Officer of Coca-Cola FEMSA commented,

After experiencing sustained growth across Latin America, these additional efforts to centralize and standardize will give us the support we need to find new opportunities to put beverages in the hands of the Latin American people.



Something tells me that the Latin American people want more opportunities than just a soda en los manos, but the idealism is almost as refreshing as their iconic beverage. HP is reportedly consolidating 348 different locations to a single data center in Mexico- from a business perspective, that sounds like a lot of people will be out work once the debris settles. Hopefully they've been there long enough to take advantage of their stock opciones.

Continue reading: HP Signs $100 Million Tech Services Agreement With Coca-Cola FEMSA (full post)

HP Press Release Takes a Stab At Oracle

Trak Lord | Wed, Mar 23 2011 2:35 PM CDT
You'd think Oracle would have seen this coming.

HP Supports Customers Despite Oracle's Anti-customer Actions

Amid plummeting SPARC server market share, Oracle seeks to force customers to buy their servers

PALO ALTO, Calif., March 23, 2011

HP today reiterated that it will continue the development and innovation of Itanium-based Integrity server platforms with its HP-UX operating system using a roadmap that extends more than 10 years.

In addition, HP will continue to support customers running existing versions of Oracle software on Itanium-based Integrity servers, both existing and future platforms, during the same timeframe. Last year, HP launched the industry's most modern mission-critical architecture in more than a decade. This constitutes the longest published roadmap of any UNIX vendor in the industry.

"Oracle continues to show a pattern of anti-customer behavior as they move to shore up their failing Sun server business," said Dave Donatelli, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP. "HP believes in fair and honest competition. Competition is good for customers, innovation and the marketplace. We are shocked that Oracle would put enterprises and governments at risk while costing them hundreds of millions of dollars in lost productivity in a shameless gambit to limit fair competition."



Continue reading: HP Press Release Takes a Stab At Oracle (full post)

AMD employees Mike Wolfe as new CIO

Anthony Garreffa | Tue, Mar 22 2011 8:30 PM CDT
AMD have announced they've hired Mike Wolfe as AMD's chief information officer. Wolfe brings more than 30 years of engineering and information technology experience as well as being vice president of IT for product development and engineering at HP for the past five years.

AMD employees Mike Wolfe as new CIO | TweakTown.com


Wolfe will be responsible for managing AMD's global technology infrastructure and will report to Thomas Seifert whom is senior vice president and chief financial officer and interim CEO.

Continue reading: AMD employees Mike Wolfe as new CIO (full post)

AT&T are set to acquire T-Mobile for $39 billion

Anthony Garreffa | Sun, Mar 20 2011 5:33 PM CDT
The swipe of AT&T's ultra-platinum-super-crazy credit card can be heard the world over with news appearing today that AT&T has entered into a definitive agreement to acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approx. $39 billion.

AT&T are set to acquire T-Mobile for $39 billion | TweakTown.com


The agreement has been approved by the Board of Directors of both companies, Deutsche Telekom will receive an equity stake in AT&T that gives it an ownership interest in of approximately 8-percent. The deal also allows a Deutsche Telekom representative to join the AT&T Board of Directors. The deal is meant to be sealed, awaiting regulatory approval within the next 12 months.

Continue reading: AT&T are set to acquire T-Mobile for $39 billion (full post)

YouTube to hire 30% more staff

Anthony Garreffa | Sun, Mar 13 2011 10:53 PM CDT
Google have had a great time with YouTube and have said that 2010 has been a great year for YouTube. The results of this success are leading YouTube to hiring more staff to allow YouTube to grow. The plan is to expand its staff by 30-percent which makes it the largest hiring year in the history of YouTube.



Right now, YouTube has between 600 and 700 staff, a 30-percent increase would create 200 new jobs. YouTube launched on February 14, 2005 and has enjoyed rocketing success since. YouTube sees 35 hours of video uploaded for every minute that passes and well in excess of 2 billion views per day!

Continue reading: YouTube to hire 30% more staff (full post)

RumorTT: AMD is up for sale?

Anthony Garreffa | Tue, Feb 15 2011 10:19 PM CST
Rumor has it AMD is for sale, with the rumors circling around AMD's stock rose by roughly 5-percent on Monday. Wedbush Securities analyst Patrick Wang said "there is no management team there" and he is right. CEO Dirk Meyer was forced out last month, COO Bob Rivet and strategy chief Marty Seyer last week.

RumorTT: AMD is up for sale? | TweakTown.com


That's quite the loss for AMD all at once which leaves AMD with a large buyout target on it's back. Adding to the rumor-mill is Dell are interested in AMD. Dell could do with the acquisition as it would distance itself from the cold, corporate world that is Hewlett Packard, Lenovo and other rival system-builders.

Continue reading: RumorTT: AMD is up for sale? (full post)

Valve is more profitable per head than Google or Apple

Anthony Garreffa | Mon, Feb 14 2011 7:01 PM CST
Valve's digital distribution platform, Steam, has been rumored to control between 50 and 70-percent of the entire downloadable PC games market. The digital distribution market on PC is said to be worth $4 billion USD.

Valve is more profitable per head than Google or Apple | TweakTown.com


Newell talked to Forbes as part of a company profile and said that Valve was "tremendously profitable", but would not give specific figures. Valve is a private company after all and does not release financial reports publicly either. Newell did say that Valve's 200 percent year-on-year growth and relatively small headcount of just 250 employees made the company more profitable than Google or Apple.

Continue reading: Valve is more profitable per head than Google or Apple (full post)

Both Facebook and Google wanted to acquire Twitter, at $10 billion

Anthony Garreffa | Thu, Feb 10 2011 7:30 PM CST
Facebook and Google both had Twitter in their targets last year and even went as far to have talks with Twitter. Obviously all three companies have declined to comment on the news.

Both Facebook and Google wanted to acquire Twitter, at $10 billion | TweakTown.com


The meetings have let the flood gates open and rummaging through the wreckage is a golden nugget of info, Twitter was valued by Google and Facebook at between $8 billion and $10 billion. This is all according to sources quoted by The Wall Street Journal:

Continue reading: Both Facebook and Google wanted to acquire Twitter, at $10 billion (full post)

Intel purchase of McAfee gets approval by EU regulators

Shane McGlaun | Fri, Jan 28 2011 10:04 AM CST
It's hard to keep up with all the goings on in the tech world. The proposed purchase of security firm McAfee by Intel first surfaced back in the summer of 2010. The deal didn't get the nod in the US until December. While the US was eyeing the purchase, the EU was as well.

Intel purchase of McAfee gets approval by EU regulators | TweakTown.com


Intel has now received the approval it needs in the EU to complete the purchase. The deal will cost Intel $7.68 billion and will let the chipmaker integrate its processors much more tightly with security software. Before the EU would approve the deal, Intel had to put some commitments in writing.

The commitments included an agreement to allow other security software makers access to the same hardware McAfee has access to, and to allow other hardware makers to be supported by McAfee. Specifically AMD is to have access. The deal is expected to complete this quarter.

Continue reading: Intel purchase of McAfee gets approval by EU regulators (full post)

Larry Page to take CEO role for Google, Eric Schmidt will remain as Executive Chairman

Anthony Garreffa | Thu, Jan 20 2011 7:58 PM CST
Google had their quarterly earnings release today and along with it they've announced their top-level management structure, with co-founder Larry Page replacing Eric Schmidt as CEO as of April 4th.

Larry Page to take CEO role for Google, Eric Schmidt will remain as Executive Chairman | TweakTown.com


Page will handle the day-to-day operations while Schmidt will become Executive Chairman and focus on business deals, partnerships and outreach. Co-founder Sergey Brin will use his power for new and strategic product efforts.

Continue reading: Larry Page to take CEO role for Google, Eric Schmidt will remain as Executive Chairman (full post)

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