Shares of StorageNetworks tumbled 18.6 percent to $1.09 in afternoon trading, amid a mixed day on the markets. Rumors that the company might be up for sale have been doing the rounds for months. With an ever-decreasing market capitalization, currently at $109.8 million, this remains a distinct possibility.
Separately, InfiniBand startup InfiniSwitch Corp. has cut 20 percent of its workforce, or 14 employees, to conserve its cash amid the flagging InfiniBand market. Its remaining headcount is about 55 employees.
InfiniSwitch expects to ship its dual 12-port IB switch in the first quarter this year and is still negotiating with Agilent Technologies Inc. (NYSE: A) and Mellanox Technologies Ltd. to supply silicon for its next-generation product. InfiniSwitch was left high and dry by IBM Corp. (NYSE: IBM), which late last year ditched its InfiniBand chip development (see IBM Kills InfiniBand Chip
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
