$BHE said it filed definitive proxy materials with SEC in connection with upcoming 2016 Annual Meeting of Shareholders to be held on May 11. $BHE shareholders of record on March 14, are entitled to vote at 2016 Annual Meeting. $BHE's BoD unanimously recommends that shareholders vote WHITE proxy card FOR election of director nominees.
$CSCO announced the Cisco Container Platform, a production-grade software container platform. The Cisco Container Platform enables an open, multicloud environment with consistent application deployment and management on multiple deployment platforms, including Cisco HyperFlex and virtual machines, both on premises and in the cloud.
$CSCO unveiled the Cisco Network Assurance Engine, which uses continuous verification of the entire network to enable smooth running of the business. The Cisco DNA Center Assurance helps reduce the time and money spent on troubleshooting. The Cisco Meraki Wireless Health reduces mean time to remediate wireless issues.
$XLNX's revenues from Advanced Products for 3Q18 continued to be strong, increasing 30% from the same quarter a year ago and comprising 56% of company sales. This is supported by accelerated growth in the company's industry-leading 20nm and 16nm technology nodes, which inturn reflects very broad-based customer adoption.
$XLNX reported a 92% drop in 3Q18 earnings due to about $183MM in tax expenses resulting from the recent enactment of the Tax Cuts and Jobs Act. Net income fell to $12MM or $0.05 per share from $142MM or $0.52 per share last year. Revenue grew 8% to $631MM. Operating income increased 16% to $190MM.
$CSCO said Ameritas has selected Cisco computing, networking and security technology as the foundation for upgrading its data centers. The goal of the infrastructure upgrade was to improve operational efficiency and increase IT security. The new technology infrastructure has reduced Capex by 30-40% in switching devices alone.
$SNPS announced that Renesas Electronics Corporation has deployed $SNPS’DFTMAX LogicBIST solution on a mixed-signal, large scale integration (LSI) design to meet automotive safety integrity levels required by system integrators. DFTMAX LogicBIST helps to check for faults, or conditions that could cause failures, and report their presence.
$ADBE raised its FY18 earnings targets, helped by the impact of the new U.S. Tax Cuts and Jobs Act, which decreases the U.S. corporate income tax rate from 35% to 21%. For 1Q18, Adobe reduced its GAAP EPS target and lifted its non-GAAP EPS outlook. GAAP effective tax rate is expected to be about 17% for 1Q18 and about 13% for Q2-Q4 FY2018 periods.
$ADBE announced that Mark Garrett, CFO and Mike Dillon, EVP & General Counsel will retire in 2018. Both of them will continue to serve Adobe until their successors are found. The Photoshopmaker has started an internal and external search to replace Garrett and Dillon.
$A elected Dow Wilson, CEO of Varian Medical Systems Inc., to its BoD, effective March 20, 2018. Wilson is also a board member of AdvaMed, a U.S. trade association representing 80% of the medical technology firms in the U.S., and Varex Imaging Corp., which was created through the successful spin-off of Varian Medical.
$NTAP appointed Brad Anderson as the SVP and general manager (GM) of the NetApp Cloud Infrastructure business unit. Reporting to NetApp CEO George Kurian, Anderson will be instrumental in driving the strategy and the execution that are necessary to give customers a framework for their cloud-architected data centers.
$NTAP appointed Brad Anderson as the SVP and general manager (GM) of the NetApp Cloud Infrastructure business unit. Reporting to NetApp CEO George Kurian, Anderson will be instrumental in driving the strategy and the execution that are necessary to give customers a framework for their cloud-architected data centers.
