FOCUS NEWS INDUSTRY
Issue 12, Oct/Nov
MARK HURD BECOMES ORACLE PRESIDENT
Taking IT news to the tabloids, Mark Hurd, former CEO of HP, was named as the new President of Oracle in September.
Hurd replaced Charles Phillips, who resigned from his post as co- president, and joined the board of directors at the company, run by his friend Larry Ellison who had publicly supported him against HP.
Hurd stepped down from the
HOSTING Executive teams of the US hosting service providers SoftLayer and The Planet are planning a merger of the two companies into one entity that will be led by SoftLayer CEO Lance Crosby. Executives from both companies will make up the senior management team. While SoftLayer is being discussed as a possible name for the new company, other options being explored.
MARKET Gartner revised its original estimates for IT spend, dropping its growth forecast by more than a third. The analyst fi rm’s original statement showed the IT market overall would grow by 4.1% in 2010, but Gartner reduced this to 2.9% in September. It said utilities and the public sector would be the biggest spenders of IT. This was followed by media and services, healthcare, banking and securities. Gartner said it thought overall spend on IT this year would now come in at US$2.4tn. It warned IT providers, however, to be prepared for anything, as zero growth in 2011 was not off the cards.
FINANCE Oracle reported revenue growth
position of CEO at HP in August following behaviour related to allegations of sexual harassment, of which he was found innocent.
HP did not take news of Hurd’s appointment lying down – it retaliated with a lawsuit. The company said it feared it could be damaged as Hurd was aware of its product roadmaps. This was later settled after Hurd agreed to give up 345,000 restricted HP shares, valued at US$13.6m gained
of 48% to US$7.5 bn for the fi rst quarter of its 2011 fi scal year yesterday. Total revenues were up by 50%. Both revenue increases – attributed to a growth in software licence updates and product support revenue – exceeded what analysts expected.
HP said its third-quarter revenue rose by 11% to US$30.7bn, with profit at $2.3bn, up 5% up on the previous year’s Q3. In the data center space HP results were flat, however, with infrastructure technology outsourcing revenue and business process outsourcing each increasing only 1%. Geographically the break down showed third-quarter revenue was up 12% in the Americas to $14.2bn, 9% in Europe, the Middle East and Africa and up 14% in Asia Pacific to $10.9bn and $5.6bn, respectively.
Provider of storage solutions for data centers NetApp fi nished a successful fi rst quarter of fi scal 2011 on 30 July, reporting earnings of US$0.38 per share ($142m income) on $1.14bn in sales
PRODUCTS IBM has entered into an agreement to buy data center networking vendor Blade Network Technologies for an
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as part of his severance package.
Oracle threatened
to call an end to its business relationship with HP – a move that could have cost both companies hundreds of millions of dollars. In the end, common sense prevailed and both fi rms remain committed to working together
Mark Hurd, Former CEO of HP
undisclosed sum, expecting to close the transaction in the fourth quarter. Blade provides top-of-rack and blade switches. The acquisition fi rms up IBM’s networking play in the data center, as the company has already been reselling Blade switches as IBM BladeCenter family since 2003. IBM’s existing Blade portfolio includes the Virtual Fabric 10GbE module, 1/10GbE uplink switch module, Layer 2-7 GbE switch module, Layer 2/3 copper GbE switch module and Layer 2/3 fi ber GbE switch module.
Tyco International, a diversifi ed manufacturing
company
whose product line-up includes mechanical, electrical and fi re- protection offerings, said it plans to buy back some of its stock. The board of directors approved the purchase of up to US$1bn of common stock.
M&A Processor maker Intel said it will acquire McAfee, a large vendor of security products, for about US$7.68bn in cash. In addition to a number of security products for servers and data-center grade storage systems, the McAfee buy brings reach in the data center space through partnerships with large IT vendors.
HP bought storage system maker 3Par for about US$2.35bn in a deal which closed late September. 3Par’s proposition is a platform that provides a multi-tenant clustered architecture that enables IT organizations to provide storage as a utility. It is architected for “fl exible workload consolidation” and optimized for highly virtualized data centers and cloud computing applications. Features include dynamic tiering and thin provisioning for optimization of storage resources. HP entered a bidding war against Dell to purchase 3PAR.
HP also bought enterprise security software provider ArcSight for US$1.5bn. The acquistion is expected to close before the end of 2010. On 2 September ArcSight reported Q1 revenue of US $48.1 mn compared to total revenues of US$34.6mn reported in Q1 2009.
Emerson Network Power completed the acquisition of Chloride, a maker of UPS systems, for US$1.51 billion.
See full articles at:
www.datacenterdynamics.com
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