It's been something of a busy week for Barco-- following the retirement of Eric Van Zele, the company names a new CEO: Jan De Witte. It also announces the acquisition of Medialon, a cloud-based control system company.

Post-retirement Van Zele will remain in the Barco board to "ensure continuity of leadership and strategic focus."

De Witte is the former CEO of the GE Global Healtcare IT business. He also has experience at McKinsey & Company Inc and has held supply chain and production management positions at Procter & Gamble.

Michael Brown is no longer CEO of Symantec, after the security vendor missed projected Q4 2016 sales-- the company was hoping for sales of $885-$915 million, but managed to reach $873m instead.

The company does not actually tell the reason for Brown's departure, since it simply says "this is the right time to transition leadership." However his successor will be the 4th Symantec CEO in as many years, and will be leading a company the unkind can describe as struggling against younger rivals such as FireEye and Palo ALto Networks.

Following the Intel restructuring (and inevitable job cuts) announcement CEO Brian Krzanic details how the company is going to change from PC company to "a company that powers the cloud and billions of smart, connected computing devices."

Krzanich details 5 "core beliefs" making the Intel of the future-- the cloud, the Internet of Things, memory and FPGAs, 5G connectivity and Moore's Law.

"Our strategy is based on these premises, and the unique assets that only Intel brings to them," the CEO says. "There is a clear virtuous cycle here-– the cloud and datacentre, the Internet of Things, memory and FPGAs are all bound together by connectivity and enhanced by the economics of Moore’s Law."

The ongoing PC decline is hitting Intel hard-- so much so it is slashing 12000 jobs (or 11% of its workforce) as part of a restructuring effort to depend less on PCs and more on the cloud and the Internet of Things.

News of the job cuts come through an email to employees from CEO Brian Krzanich. It states the announcement "is about accelerating our growth strategy. And it’s about driving long-term change to further establish Intel as the leader for the smart, connected world." Whatever the reasons, Chipzilla staff will know whether they made the cut once the company starts holding global "site consolidations," as well as both voluntary and involuntary redundancies, over the next 60 days.

An investment consortium led by printer cartridge maker Apex Technology and equity firm PAG Asia Capital agrees to buy Lexmark in an all-cash deal worth $3.6 billion.

“This is an exciting transaction that Lexmark’s board of directors believes is in the best interests of our shareholders,” Lexmark CEO Paul Rooke says. “The transaction will benefit our customers and provide new opportunities for our employees.”

Following the deal operations at Lexmark are supposed to remain unaffected, with Rooke continuing his tenure as CEO.

Everspin starts shipping samples of 256Mb Spin Torque Magnetoresistive RAM (ST-MRAM)-- the highest density commercially available MRAM products yet using MRAM-based Storage Class Memory (SCM).

According to the company MRAM is designed as a replacement for standard DRAM in write caching operation, one claimed to be 10000 faster than NAND flash. ST-MRAM is a third generation MRAM product. It operates on the DDR3/4 memory interface, requires no wear levelling and supposedly provides the highest endurance of currently available non-volatile memories.