Business

Citrix surrenders to the House of Elliot

elliotCloud computing outfit Citrix Systems has given way to the activist investor Elliott Management.

Not only is it letting the House of Elliott’s Jesse Cohn onto its board, Chief Executive Mark Templeton has decided it is a good time to retire.

Elliott owns about 7.5 percent of Citrix’s stock and has been vocal about the company selling family silver slashing costs, buying back shares so shareholders can make tubs of money.… Read the rest

Intel-Micron announce 3D XPoint SCM technology

What-is-3D-XPointIntel and Micron announced their jointly developed 3D XPoint technology at an analyst meeting today in Santa Clara, California.

Rob Crooke, Senior VP & GM of the Non-Volatile Memory (NVM) Solutions Group, Intel Corporation and Mark Durcan, CEO Micron Technology took the stage to present the jointly developed 3D XPoint memory technology.… Read the rest