Obscured, perhaps in the uproar surrounding IBM’s (IBM) latest round of layoffs and a rumored full-scale corporate reorganization, was an employee post on the Alliance@IBM forum saying Lance Crosby, Softlayer founder and chief executive and general manager of IBM’s cloud business, had resigned.
Symantec (SYMC) said its spun-off information management business will take on the Veritas name, sporting a new logo but relying on the original company’s brand recognition, history and reputation to help establish its own new identity.
Microsoft posted $26.5 billion in sales and earnings per share of 71 cents for its FQ2 2015, an 8 percent climb in revenue but a 9 percent slide in earnings, barely beating analysts’ sales expectations.
IBM officially dismissed a spate of reports it will layoff up to 26 percent of its worldwide workforce, or more than 100,000 workers, starting this week, calling the rumors “ridiculous” and “baseless.”
Box got off to a roaring start in its first day of public trading, with shares opening at $14 but surging 66 percent to close at $23.23, spiking the company’s valuation from a modest $1.67 billion post-IPO to $2.7 billion.
Shares of cloud storage provider Box will begin trading on the New York Stock Exchange on Jan. 23, priced at $14 a share, above the expected range of $11-$13 per share, valuing the company at about $1.67 billion.