East Coast Tech Correspondent
Nicola's Feed
Nov 12, 2013

Cisco rival Arista Networks picks banks for IPO -sources

NEW YORK, Nov 12 (Reuters) – Arista Networks, a maker of
network switches that competes with much bigger rival Cisco
Systems Inc, has selected banks to lead a proposed
initial public offering for next year, according to people
familiar with the matter.

Morgan Stanley, Citigroup Inc and Credit Suisse
Group will lead the offering that is at an early stage
of planning, the people said on Tuesday, asking not to be named
because the matter is not public.

Nov 8, 2013

EXCLUSIVE: Hot tech start-up Box picks banks for ’14 IPO – sources

NEW YORK (Reuters) – Data storage company Box, one of the most highly anticipated IPO candidates in Silicon Valley, has selected banks to lead a proposed initial public offering that could come in the first half of 2014, according to three people familiar with the matter.

The fast-growing technology start-up has selected Morgan Stanley (MS.N: Quote, Profile, Research), Credit Suisse (CSGN.VX: Quote, Profile, Research) and JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) to lead the offering that could raise around $500 million, the people said.

Nov 8, 2013

Exclusive – Hot tech start-up Box picks banks for ’14 IPO – sources

NEW YORK (Reuters) – Data storage company Box, one of the most highly anticipated IPO candidates in Silicon Valley, has selected banks to lead a proposed initial public offering that could come in the first half of 2014, according to three people familiar with the matter.

The fast-growing technology start-up has selected Morgan Stanley, Credit Suisse and JPMorgan Chase & Co to lead the offering that could raise around $500 million, the people said.

Nov 8, 2013

Hot tech start-up Box picks banks for ’14 IPO -sources

NEW YORK, Nov 8 (Reuters) – Data storage company Box, one of
the most highly anticipated IPO candidates in Silicon Valley,
has selected banks to lead a proposed initial public offering
that could come in the first half of 2014, according to three
people familiar with the matter.

The fast-growing technology start-up has selected Morgan
Stanley, Credit Suisse and JPMorgan Chase & Co
to lead the offering that could raise around $500
million, the people said.

Nov 7, 2013

IBM’s CFO Loughridge to retire by year-end

By Nicola Leske and Nadia Damouni

(Reuters) – IBM’s (IBM.N: Quote, Profile, Research, Stock Buzz) Chief Financial Officer Mark Loughridge is retiring at the end of the year after almost a decade on the job as the technology services provider struggles with declining revenue and weakness in emerging markets.

Loughridge, who joined International Business Machines in 1977 as a development engineer, will be succeeded by Martin Schroeter, who was previously IBM’s head of global finance, the company said in a filing to the Securities and Exchange Commission on Thursday.

Oct 30, 2013

Twitter roadshow: less exuberance, more ‘nuts and bolts’

NEW YORK (Reuters) – During the roadshow leading up to Facebook Inc’s initial public offering a year-and-a-half ago, New York’s institutional investors were greeted by snaking queues, beefed up police presence, and a media feeding frenzy.

By those standards, Silicon Valley put forward a much more low-key contender on Wednesday, when Twitter Inc hosted a luncheon for about 600 prospective investors at the Mandarin Oriental Hotel in New York City.

Oct 30, 2013

FireEye, Box, other tech startups shun buyouts for IPOs

NEW YORK, Oct 30 (Reuters) – Lured by the promise of red-hot
valuations and the chance to run their own companies, the CEOs
of many tech startups are resisting the urge to cash out through
a sale and are opting to go public instead.

Four sources familiar with the matter said recently that
over the past year several tech startups, including
cybersecurity company FireEye Inc, big data company
Cloudera and cloud storage firm Box, rejected buyout bids in
favor of initial public offerings in the future.

Oct 16, 2013

IBM third-quarter revenue misses Street on China woes

By Nicola Leske

(Reuters) – IBM reported a 4 percent drop in third-quarter revenue, worse than expected by Wall Street, amid a decline in hardware and emerging markets even as it beat earnings estimates.

IBM shares fell 6 percent in after-hours trade to $175.56.

Chief Financial Officer Mark Loughridge said on a conference call for investment analysts that third quarters tended to be difficult for the world’s largest technology service provider but added the company faced some particular challenges this year.

Oct 4, 2013

Exclusive: With IPO elusive, Avaya explored sale to Oracle this year – sources

SAN FRANCISCO/NEW YORK (Reuters) – Avaya Inc’s private equity owners explored selling the telecommunications equipment company earlier this year, instead of taking it public, and had talks with Oracle Corp, three people familiar with the matter said this week.

Silver Lake and TPG Capital LP, which took Santa Clara, California-based Avaya private for $8.4 billion in 2007, held discussions with hardware and software giant Oracle in the first half of 2013 about a deal, but the talks fizzled in the last few months, the people said.

Oct 4, 2013

With IPO elusive, Avaya explored sale to Oracle this year-sources

SAN FRANCISCO/NEW YORK, Oct 4 (Reuters) – Avaya Inc’s
private equity owners explored selling the telecommunications
equipment company earlier this year, instead of taking it
public, and had talks with Oracle Corp (ORCL.N: Quote, Profile, Research), three people
familiar with the matter said this week.

Silver Lake and TPG Capital LP, which took Santa Clara,
California-based Avaya private for $8.4 billion in 2007, held
discussions with hardware and software giant Oracle in the first
half of 2013 about a deal, but the talks fizzled in the last few
months, the people said.