Category: Broadcom

June 10, 2019 Off

Salesforce’s Tableau acquisition is huge, but not the hugest

By Jill T Frey

When you’re talking about 16 billion smackeroos, it’s easy to get lost in the big number. When Salesforce acquired Tableau this morning for $15.7 billion, while it was among the biggest enterprise deals ever, it certainly wasn’t the largest.

There was widespread speculation that when the new tax laws went into effect in 2017, and large tech companies could repatriate large sums of their money stored offshore, we would start to see a wave of M&A activity, and sure enough that’s happened.

As Box CEO Aaron Levie pointed out on Twitter, it also shows that if you can develop a best-of-breed tool that knocks off the existing dominant tool set, you can build a multibillion-dollar company. We have seen this over and over, maybe not $15 billion companies, but substantial companies with multibillion-dollar price tags.

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May 24, 2019 Off

CFIUS Cometh: What this obscure agency does and why it matters to your fund or startup

By Jill T Frey

On January 12, 2016, Grindr announced it had sold a 60% controlling stake in the company to Beijing Kunlun Tech, a Chinese gaming firm, valuing the company at $155 million. Champagne bottles were surely popped at the small-ish firm.

Though not at a unicorn-level valuation, the 9-figure exit was still respectable and signaled a bright future for the gay hookup app. Indeed, two years later, Kunlun bought the rest of the firm at more than double the valuation and was planning a public offering for Grindr.

On March 27, 2019, it all fell apart. Kunlun was putting Grindr up Read the rest

May 20, 2019 Off

Huawei responds to Android ban with service and security guarantees, but its future is unclear

By Jill T Frey

Huawei has finally gone on the record about a ban on its use of Android, but the company’s long-term strategy on mobile still remains unclear.

In an effort to appease its worried customer base, the embattled Chinese company said today that it will continue to provide security updates and after-sales support to its existing lineup of smartphones, but it’s what the company didn’t say that will spark concerns.

Huawei was unable to make guarantees about whether existing customers will continue to receive Android software updates, while its statement is bereft of any mention of whether future phones will ship with the current flavor of Android or something else.

The company, which is the world’s second largest smartphone vendor based on shipments, said it will continue to develop a safe software ecosystem for its customers across the globe. Huawei will also extend the support to Honor, a brand of smartphones it … Read the rest

May 20, 2019 Off

Several chip companies, including Qualcomm and Intel, have reportedly stopped supplying Huawei after blacklist

By Jill T Frey

Several key suppliers are reportedly cutting off Huawei after the Trump administration added the Chinese telecom equipment and smartphone giant to a trade blacklist last week. According to Bloomberg, semiconductor companies Intel, Qualcomm, Xilinx and Broadcom will no longer supply Huawei until further notice. This follows another report earlier today that Google has suspended some trade with Huawei, leaving it with access only to the open-source version of Android.

In addition to impacting Huawei’s business, the blacklisting has ramifications for telecom providers who are getting ready to launch 5G networks. In China, the three big telecoms (China Mobile, China Unicom and China Telecom), which are all heavily reliant on Huawei, may be forced to delay 5G rollout. Meanwhile, U.S. carriers, especially smaller ones, may have to spend millions of dollars replacing Huawei equipment they have already installed or looking for new suppliers.

In tweet last week from … Read the rest

May 16, 2019 Off

Unveiling its latest cohort, Alchemist announces $4 million in funding for its enterprise accelerator

By Jill T Frey

The enterprise software and services-focused accelerator Alchemist has raised $4 million in fresh financing from investors BASF and the Qatar Development Bank, just in time for its latest demo day unveiling 20 new companies.

Qatar and BASF join previous investors, including the venture firms Mayfield, Khosla Ventures, Foundation Capital, DFJ and USVP, and corporate investors like Cisco, Siemens and Juniper Networks.

While the roster of successes from Alchemist’s fund isn’t as lengthy as Y Combinator, the accelerator program has launched the likes of the quantum computing upstart Rigetti, the soft-launch developer tool LaunchDarkly and drone startup Matternet .

Some (personal) highlights of the latest cohort include:

  • Bayware: Helmed by a former head of software-defined networking from Cisco, the company is pitching a tool that makes creating networks in multi-cloud environments as easy as copying and pasting.
  • MotorCortex.AI: Co-founded by a Stanford engineering professor and a Carnegie Mellon roboticist, the company
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