Tag Archives: lead tech

Red Hat Grows Through More Customer Cloud Adoption

Red Hat sidestepped typical seasonal slowness, posting Q1 earnings late Wednesday that beat analyst views, led by its Linux unit. Red Hat’s (RHT) earnings outlook for the current quarter met views at 38 cents ex items, up 8.5%, while its sales guidance beat views. The firm sees sales of $432 million to $436 million, up 15.9% at the midpoint. Analysts had modeled $413.9 million. The company also raised its fiscal-year sales guidance by $30 million,

HP Cloud Investments Could Include Rackspace Deal

Hewlett-Packard has stepped up investments in cloud computing, prompting some analysts to speculate that it could make a big move such as acquiring Rackspace Hosting. That, however, would require HP (HPQ) to ratchet up its spending significantly, since Rackspace (RAX) could sell for $6 billion or $7 billion. HP in May said that it plans to spend $1 billion over the next two years to develop cloud products and services. At an annual conference for

Gmail Encryption May Stop NSA Snooping, Not Google’s

While Google’s announcement that it wants to encrypt all Gmail messages while they’re in transit was praised for making government spying more difficult, observers point out that the move won’t save your messages from Google’s own prying eyes. “The email provider can still see the message. They’re just encrypting it when it’s going over the Internet, not when the message is in their own system,” said Seth Schoen, a senior technologist with the