The roller-coaster ride that Toshiba is going through with its memory business, that is inextricably linked to its U.S. nuclear power business, could eventually result in the launch of an IPO for Toshiba Memory, if it fails to win regulatory approval for its sale to the Bain Capital0-led consortium before March 2018. On Monday, the…
Vista Equity Partners Management has hired UBS to explore its options. According to sources familiar with the matter at hand, Vista Equity Partners Management LLC, a private equity firm, is exploring options for two software companies it owns, PeopleAdmin and PowerSchool, which include their merger in a deal worth in the range of $2 billion…
U.S. District Judge Kenneth Karas sentenced, Jiaqiang Xu, 32 to prison for the theft of a trade secret and economic espionage. U.S prosecutors disclosed that a former software engineer for IBM, has been sentenced to 5 years in prison following his guilty plea of stealing proprietary source code from the software giant. On Thursday, U.S.…
Nokia and DoCoMo will collaborate closely for the transition from 4G to 5G, which DoCoMo is expected to launch by 2020, in time for the Tokyo Olympics, in 2020. On Friday, Nokia signed its first agreement to supply next generation 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts of having…
Majority stock owners of Xerox Corp, Carl Icahn and Darwin Deason, have called on the firm to renegotiate the terms of agreement with Fujifilm in Fuji Xerox, a joint venture between the two which they say appear to be lopsided towards Fujifilm. In an open letter addressed ti shareholders of Xerox Corp, activist investor Carl…
While Mellanox clocked 19% to 30% in revenues in 2014 to 2016, its current revenue target is 0.5%. Starboard Value LP, an ativist hedge fund has begun a proxy fight for control of Mellanox Technologies Ltd, an Israeli chipmaker, which it said is deeply undervalued. Starboard, holding a 10.7% stake – the largest shareholder of…
This is the largest spending plan announced by any firm following the historic Republican-led revision of the U.S. tax bill. Following the successful passing of the U.S. tax bill which introduces deep tax cuts for corporates, Apple Inc stated it will open a new campus, as part of a five-year $30 billion U.S. investment plan,…
Having acquired Opel from GM, Peugeot SA is now banking on the expertise of Opel’s engineers to surge back in the race of automated, autonomous self-driving vehicles. In a significant development, Carlos Tavares, the CEO of French automaker Peugeot SA disclosed that it will capitalize on Opel’s engineering know-how to develop electric vehicles and re-enter…
The move underscores the growing importance of technology in the banking sector. On Wednesday, Standard Chartered disclosed that it has established a business unit which will promote innovation and which will invest in financial technology. While one part of SC Ventures, its business unit which will include internal consultants to help resolve issues with the…
Investors who are averse to investing in bitcoins have now the opportunity to tap the excitement surrounding the cryptocurrency by investing in ETS that invest on blockchain technology to cut costs. Investors looking to tap the excitement surrounding bitcoin technology are likely to get a new opportunity this week since from Wednesday, the shares they…
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