Trump’s Trade War Takes Aim at Tech—Data Sheet

Clay Chandler here filling in for Adam. Tech investors began the week chuffed by the prospect that President Trump and Chinese leader Xi Jinping would revive stalled trade negotiations when they meet this Saturday in Osaka, Japan on the sidelines of the G20 summit. Their optimism was kindled last Tuesday by a Trump tweet revealing […]

Hewlett Packard Enterprise Wants to Go Big on Subscriptions and Software

Hoping to offset declines in its core hardware business, Hewlett Packard Enterprise plans a major push into software services over the next three years. The technology company said Tuesday it plans to sell a lot more software by subscription and on-demand for its hardware products, such as servers or networking devices. For customers, it would […]

Zoom Video CEO: I Don’t Know Why Our Shares Soared 72% After IPO

Zoom Video Communications CEO Eric Yuan said he’s mystified about why shares in his video conferencing company soared 76% in their first day of trading Thursday after an initial public offering. “I have no idea why,” Yuan told Fortune. It’s likely, however, that Zoom’s profitability stood out to Wall Street investors, who are accustomed to […]

Former Cisco Employee Arrested, Charged With $9.3 Million Wire Fraud

An ex-employee at Cisco Systems was arrested on Tuesday at San Francisco International Airport, according to the San Francisco Chronicle. The charge? Allegedly defrauding the San Jose, Calif.-based hardware conglomerate to the tune of more than $9.3 million. Prithviraj R. Bhikha was arrested on one very expensive count of wire fraud. Bhikha, whose employment with […]