Amid double-digital growth in 2019, Ciena CEO Gary Smith says Infinera's 600G optics lack the competitive advantages necessary to steal away market share from Ciena.
VMware CEO Pat Gelsinger said he expects Carbon Black combined with VMware’s “security-driven value-add” networking and cloud products to be a $1 billion business this year.
AT&T isn’t fully out of the woods, but it has made good progress on its plan to reduce total debt and shed some under-performing businesses, according to analysts.
Cloud giants Amazon and Microsoft reported declining quarterly cloud growth this week. Still, both companies’ clouds continue to boost overall revenue.
Verizon announced a collaborative effort with SAP to deliver edge computing and real-time analytics in 5G, and shared details about its work in Corning's fiber optic cable plant.
That boost was felt in IBM’s Cloud and Cognitive Software business were most of Red Hat’s revenue flowed, which was the only IBM division to show an appreciative growth.
"We are ashamed of our historical performance, but we confront the issues head on and we’re now investing significant resources to strengthen our future compliance program,” CEO Börje Ekholm
Oracle released earnings a day earlier than expected and announced that Co-CEO Mark Hurd is taking a leave of absence from the company for health reasons.