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Hewlett Packard Enterprise CEO expects no China challenge on $14 billion Juniper Networks deal
Reuters
ยท
1y ago
Medial
Hewlett Packard Enterprise (HPE) CEO, Antonio Neri, states that he does not anticipate any significant regulatory obstacles in China for HPE's proposed $14 billion acquisition of Juniper Networks. Neri believes the deal will enhance HPE's AI computing products and services by providing data center infrastructure. He expects minimal challenges from Chinese regulators due to Juniper's small presence in China and estimates that the transaction can be completed within nine to twelve months.
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Hewlett Packard Ent in talks to buy Juniper Networks in $13bn deal: Report
Livemint
ยท
1y ago
Medial
Hewlett Packard Enterprise (HPE) is reportedly in talks to acquire Juniper Networks in a deal worth around $13 billion. The potential acquisition aims to enhance HPE's artificial intelligence offerings. Shares of HPE fell 7.7% following the news, while Juniper Networks saw a 21% increase in after-hours trading. Both companies have not officially commented on the reports.
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US DOJ settles antitrust case for HPE's $14 billion takeover of Juniper - The Economic Times
Economic Times
ยท
1m ago
Medial
The US Department of Justice (DOJ) has settled its lawsuit against Hewlett Packard Enterprise's $14 billion acquisition of Juniper Networks. The settlement requires the new company to divest HPE's Instant On wireless networking business and license Juniper's Mist AI software. This move was to avoid a trial and address competition concerns, as the DOJ argued the merger would leave Cisco and HPE controlling over 70% of the US networking equipment market.
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Hewlett Packard Enterprise secures $1 billion AI server deal for Elon Musk's X, Bloomberg News reports
Economic Times
ยท
6m ago
Medial
Hewlett Packard Enterprise secured a deal over $1 billion to supply AI-optimized servers to Elon Musk's X, as reported by Bloomberg News. The agreement, reached last year, saw competition from Dell Technologies and Super Micro Computer. AI servers are in high demand as companies seek hardware for AI applications. Musk's ventures, like Tesla and xAI, are key customers. HPE shares gained 1% following the announcement.
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Nvidiaโs AI boom brings riches to partners like Dell, at a cost
Economic Times
ยท
5m ago
Medial
The booming AI market is boosting sales for server makers like Dell, Hewlett Packard Enterprise, and Super Micro, primarily driven by Nvidia's AI technology. However, these companies are facing shrinking profit margins due to Nvidia's significant control over AI components and pricing. Nvidiaโs influence allows it to dictate terms, often taking opportunities from partners, like in the Dell-xAI deal. Despite these challenges, partnerships with Nvidia still present growth opportunities in the expanding AI server market.
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Hewlett Packard Enterprise sees downbeat Q2 revenue on weak networking solutions demand
Economic Times
ยท
1y ago
Medial
Hewlett Packard Enterprise (HPE) has forecasted lower revenue for the second quarter due to reduced spending on technology solutions by businesses. The uncertain economy and high interest rates have led to clients cutting back on expenses in order to boost profitability. While IT spend is expected to increase in 2024, enterprises are cautious about signing new contracts or committing to long-term initiatives. HPE expects second-quarter revenue between $6.6 billion and $7 billion, falling short of analysts' average estimate of $7.11 billion. In the first quarter, the company reported a 13.5% decline in revenue to $6.76 billion.
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Bhawna Agarwal appointed as SVP and MD of Hewlett Packard Enterprise in India
YourStory
ยท
2m ago
Medial
Bhawna Agarwal has been appointed as Senior Vice President and Managing Director of Hewlett Packard Enterprise (HPE) in India, succeeding Som Satsangi, who retires after 27 years. Agarwal, a leader with over 25 years of experience, joined HPE in 2019 and has driven significant growth and innovation. The transition ensures continuity in leadership as Agarwal is set to enhance HPE's growth and customer-centric initiatives in India.
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Govt's import curbs to impact any industry: HPE's Antonio Neri
Economic Times
ยท
8m ago
Medial
Antonio Neri, CEO of Hewlett Packard Enterprise (HPE), commented on India's potential import restrictions on electronics and hardware. Neri believes that overregulation can hinder investment and that deregulation could incentivize companies. HPE, which operates in networking, hybrid cloud, and artificial intelligence, has been part of US-India commercial engagements and supports finding the right balance in regulation. India is considering asking electronics companies to reduce imports by value and increase domestic value addition. Neri emphasized the importance of incentivizing local manufacturing and aligning the manufacturing ecosystem with customer needs.
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Nvidia, HPE to build new supercomputer in Germany
Economic Times
ยท
1m ago
Medial
Nvidia and Hewlett Packard Enterprise are collaborating with Leibniz Supercomputing Centre in Germany to build the Blue Lion supercomputer using Nvidia's next-generation Vera Rubin chips, set to be available in 2027. Announced at a Hamburg supercomputing conference, this project reflects European efforts to stay competitive against U.S. scientific computing advancements. Nvidia encourages scientists to use artificial intelligence for research, aiming to enhance complex problem-solving capabilities across various scientific fields like climate research and biotechnology.
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Elliott builds $1.5-billion stake in Hewlett Packard Enterprise
Economic Times
ยท
3m ago
Medial
Hedge fund Elliott Investment Management has acquired a $1.5 billion stake in Hewlett Packard Enterprise (HPE), becoming one of its largest investors. This strategic move may involve Elliott engaging with HPE's management, potentially advocating for changes amid declining shares and financial pressures. Known for significant technology investments and board influence, Elliott remains active despite market volatility, pursuing campaigns like seeking board seats at Phillips 66 and holding stakes in companies like BP and Sumitomo Realty & Development.
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Microsoft alerts other firms of Russia-backed hackers' threats after email hack
Livemint
ยท
1y ago
Medial
Microsoft Corporation has warned organizations that they are being targeted by the Russian-sponsored hacking group, Midnight Blizzard or Cozy Bear, the same group that hacked into the company's executives' emails. The disclosure indicated that Midnight Blizzard has been targeting various organizations, and Microsoft has initiated notification processes for the targeted entities. The group's activities have also extended to breaching the cloud-based email system of Hewlett Packard Enterprise (HPE). The United States government has linked Midnight Blizzard, also known as Nobelium, to Russia.
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