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Vendor News

HP Rejects Xerox Offer... Again

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HP Rejects Xerox Offer... Again

The HP board makes declares the latest "unsolicited exchange offer" from Xerox is not in the best interest of the company, and unanimously insists shareholders not only reject said offer, but also hold on to their shares.

“Our message to HP shareholders is clear-- the Xerox offer undervalues HP and disproportionately benefits Xerox shareholders at the expense of HP shareholders,” chairman Chip Berg says. “The Xerox offer would leave our shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and which would subsequently require unrealistic, unachievable synergies that would jeopardize the entire company.”

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Cisco Adds to Simple and Secure Portfolio

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Cisco Adds to Simple and Secure Portfolio

Small business is big business, Cisco says as it announces updates to the "Designed for Business" portfolio bringing machine learning, AI and cloud-driven solutions tailored for SMB customers.

According to the company, SMBs account for 44% of all IT segment, and make a segment faster growing than enterprises. Technology is critical to help such customers differentiate themselves while remaining competitive, and they need to connect securely and focus on protecting users, data and devices at all time.

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Quantum Acquires WD ActiveScale Business

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Quantum Acquires WD ActiveScale Business

Quantum announces the acquisition of the ActiveScale business from Western Digital, bringing object storage software and erasure coding technology to the Quantum portfolio. The financial details of the deal are not available.

"Object storage software is an obvious fit with our strategy, our go-to-market focus, and within our technology portfolio," Quantum says. " We are committed to the product, and to making ActiveScale customers successful, and we look forward to engaging with them to solve their most pressing business challenges around storing and managing unstructured data.  With the addition of the engineers and scientists that developed the erasure-coded object store software, we can deliver on a robust technical roadmap, including new solutions like an object store built on a combination of disk and tape."

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IBM CEO Virginia Rometty Steps Down

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IBM CEO Virginia Rometty Steps Down

IBM names Arvind Krishna as CEO, starting 6 April 2020, following the retirement of Virginia Rometty. One of the most prominent female tech leaders, Rometty stays at Big Blue as Chairman of the Board until end 2020.

"Ginni has provided outstanding leadership for IBM, substantially transforming the company and ushering in a new cloud and cognitive era," the company says.  "She has taken bold strategic actions to reposition IBM for the future, shedding businesses and growing new units organically and through acquisition, all while achieving record diversity and employee engagement and setting the industry standard for responsible technology ethics and data stewardship."

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VMware Buys Nyansa

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VMware Buys Nyansa

VMware announces the acquisition of Nyansa, an innovator in AI-based network analytics and developer of the Voyance cloud-based AIOps platform. The financial details of the deal are not available.

As VMware puts it, the purchase will enable the delivery of end-to-end network visibility, monitoring and remediation within VMware SD-WAN. It will also proactively predict client problems, optimise application and network performance, and better assure the behaviour of critical IoT devices. The addition of Nyansa AI/ML capabilities to the VMware network and security portfolio should also make it easier for customers to operate and troubleshoot the Virtual Cloud Networks, and further enable Self-Healing Networks.

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HP Refuses Xerox Takeover

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HP Refuses Xerox Takeover

Earlier this week Xerox managed to get a financial backing worth $33 billion in order acquire one of its biggest rivals in the printer business, HP. However HP refuses offer, and insists Xerox bid is in no way enough.

"Your letter dated January 6, 2020 regarding financing does not address the key issue-- that Xerox's proposal significantly undervalues HP-- and is not a basis for discussion," a statement from HP CEO Enrique Lores and Board Chair Chip Bergh says. The letter in question comes from Xerox CEO John Visentin, and describes how the company managed to get financing commitment for the aforementioned $24bn from Citigroup, Mizuho Financial Group and Bank of America.

For the curious, Wall Street estimates HP is worth £30 billion, a valuation far bigger than Xerox's $7.7bn.

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AMD Uncovers 64-Core Threadripper 3990X

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AMD Uncovers 64-Core Threadripper 3990X

AMD takes to CES 2020 to further detail the Ryzen Threadripper 3990X, the gigantic 64-core, 128-thread desktop processor first leaked back in November 2019 before the company officially announced it a month later.

Described as nothing less than "one CPU to rule them all in 2020," the Threadripper 3990X is essentially a consumer version of the Epyc 7702P server processor. As the first 64-core high-end desktop processor, it offers 128 threads of processing power and clock speeds reaching 2.9GHz with a boost of up to 4.3GHz. As such, it is aimed less at regular customers and more at professionals working on video editing and 3D rendering.

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