‘OpenAI wants company value of 85 billion euros’
OpenAI may want to sell shares to raise its enterprise value. The target is between 76 billion euros and 85 billion euros ($80 billion and $90 billion).
So say sources from the Wall Street Journal (WSJ). OpenAI is said to be currently in talks with investors about a sale of existing shares that ... Read more
Arm sets record at IPO, stock market value gains nearly 25 percent
Arm's September 14 IPO became the biggest in recent years, according to figures after the first few days of trading. The stock rose from $51 each to over $60 in one day.
As expected, Arm's IPO has been a great success. On its first day of trading, last Thursday, September 14, the stock opened on... Read more
‘Salesforce bows to pressure from activist investors’
The CRM giant is implementing strict new policies for employees across the board.
Salesforce is reacting to pressure from activist investors by cutting costs, according to an article on TechCrunch. For starters, the company is implementing much stricter performance measurements for engineering.... Read more
‘Avaya in talks about bankruptcy that would cede control to lenders’
Avaya has reportedly discussed a plan with lenders that could see them take control of the company as part of a bankruptcy filing.
According to sources familiar with the matter, the Chapter 11 filing, which allows a company to keep operating while working out a plan to repay creditors, could com... Read more
‘Venture capitalists give mixed signals about investments’
Venture capital investors in US tech companies disagree on the strategy that startups should follow now that the economy faces headwinds. This leads to a paradox between macroeconomic reality and practice, writes the Wall Street Journal.
US venture capitalists give startups mixed signals on what... Read more
Switch sued by investors over misinforming on $11 billion merger
Investors are suing data center operator Switch for failing to disclose important financial information when pursuing an $11 billion merger with DigitalBridge Group and IFM Investors.
Shareholders Marc Waterman and Denise Redfield filed two separate lawsuits in the Federal Court in New York la... Read more
European chip stocks crumble as investors fast forward to 2023
Since investors are already looking forward to a harsher 2023, European semiconductor stocks have been swept up in the sell-everything-tech atmosphere, despite the industry's red-hot demand, strengthening this year's earnings.
ASML Holding NV and Infineon Technologies AG, the region's two larges... Read more
IBM buoys investors with great results and an optimistic focus
IBM's growth narrative gained steam today as the computer giant reported first-quarter earnings that were somewhat better than expected and an encouraging outlook, boosting the stock price in after-hours trade.
On a constant currency basis, quarterly sales increased over 11% year over year to $1... Read more
Investors look to Big Tech as stock market falters
Tech stocks are feeling most of the pressure from a recent market selloff, highlighting how an extended downturn in the sector could impact the broader equity indexes.
Monday saw a sharp drop which caused the S&P technology sector to go down 6.7% since the overall S&P 500 closed at a rec... Read more
Toshiba caves to investors and drops two board members
Investors are demanding the move, but the Chairman is refusing to go quietly.
Toshiba this week said it will drop two existing directors from its board as major shareholders, according to a report in Bloomberg News. The move is in response to an investor revolt, which demanded accountability aft... Read more