All posts tagged ‘Israel’
by Eric Savitz, Columnist and Blogger, Barron's, Tech Trader Daily
Competition is intensifying in the virtualization sector.
Red Hat (RHT) this morning announced an agreement to acquire Qumranet, an Israeli company that provides a virtualization software platform, for $107 million in cash.
Qumranet’s Web site says that “organizations use Qumranet’s first product, Solid ICE, to host Windows and Linux desktops centrally on servers in the data center.” Investors in the company included Sequoia Capital and Norwest Venture Partners.
The company said the acquisition will not materially increase revenue in the Feb. 2009 fiscal year, but should add “up to $20 million” in revenue in fiscal 2010. Red Hat said the deal is expected to be dilutive to 2009 GAAP EPS by 5-6 cents a share, and to cash flow from operations by 3-4 cents.
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by Eric Savitz, Blogger and Columnist, Barron's
McAfee (MFE) has suspended Yaniv Alfi, the company’s territory manager in Israel, and is investigating business practices in the company’s Israeli operations, a spokesman for the company confirmed to Tech Trader Daily this afternoon. The McAfee spokesman also confirmed the resignation of McAfee Middle East regional director Patrick Hayati.
The investigation was first reported earlier today by Globes, an Israeli business publication. The Globes story said that McAfee has started “an extensive investigation at McAfee Israel into alleged irregularities, including grey market activity of the company’s products.”
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by Katie Fehrenbacher, Editor, Earth2Tech
Now that Shai Agassi’s electric-vehicle network start-up Project Better Place has started to charge ahead in its first market, Israel, the company has begun to put the pieces in place to actually build the 500,000 electric-vehicle charging stations.
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by Katie Fehrenbacher, Editor, Earth2Tech
Israel’s growing solar industry, early moves on electric vehicles (the home to Shai Agassi’s first electric-vehicle infrastructure project) and recently funded water start-ups are making the state one of the front-runners of the cleantech revolution. And Israel keeps churning out new solar start-ups; on Monday a solar photovoltaic company called Pythagoras Solar said it had raised a Series A round of $10 million.
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