Tag Archives: lead tech

EBay Announces Layoffs, Pact With Icahn; Outlook Weak

EBay late Wednesday announced a 7% cut to its workforce and said that it’s mulling an IPO for its eBay Enterprise unit, as growth slowed and its Q1 outlook missed views. The company also announced a pact with activist investor Carl Icahn that gives a representative of his company a seat on the board. Amid these announcements, the payments and auctions powerhouse — which said that the spinoff of its PayPal payments unit is on track for Q3 — issued

F5 Networks Revenue Miss, Guidance Sends Stock Down

F5 Networks late Wednesday reported fiscal Q1 revenue that missed Wall Street views, as did its Q2 earnings and sales guidance, sending the data center gear maker’s stock plunging after hours. Seattle-based F5 Networks’ (FFIV) stock was down 15% in after-hours trading, after the company posted earnings for the quarter ended Dec. 31. F5 stock was a 2014 winner, rising more than 40%, but it’s slipped more than 3% this year through Wednesday’s close.

Cable Firms Mull Gigabit Broadband As Google Looms

Chipmaker Broadcom is giving cable TV firms ammunition to battle Google’s broadband offensive. Whether they use it might depend on the search leader’s plans to expand its 1 gigabit broadband Internet service into more U.S. markets. Broadcom (BRCM) says a chip that supports the cable TV industry’s “Gigasphere” standard, also called Docsis 3.1, will ship commercially this year. Arris Group (ARRS) and others are expected to build the chip into