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Techmeme
August 17, 2016, 6:50 PM
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Cisco:
Cisco announces it will eliminate 5,500 jobs, or 7% of its workforce, beginning this quarter, and reports quarterly revenue of $12.6B, up 2% YoY  —  Cisco (NASDAQ: CSCO) today reported fourth quarter and fiscal year results for the period ended July 30, 2016.
Thomas Fox-Brewster / Forbes:
Cisco And Fortinet Confirm Flaws Exposed By Self-Proclaimed NSA Hackers  —  American firewall companies Cisco and Fortinet have issued warnings and fixes for bugs exposed by the Shadow Brokers, who claimed this weekend to have breached the Equation Group, believed to be an NSA operation.
John Biggs / TechCrunch:
Hackers post malware allegedly from NSA-linked Equation Group in online auction; Wikileaks says it will publish the tools; Snowden tweets likely explanations
Lucian Armasu / Tom's Hardware:
Intel unveils next-gen Xeon Phi chips for deep learning; Nvidia says Intel used old benchmarks in marketing; Xeon Phi chips seem to compete on price regardless  —  Intel recently published some Xeon Phi benchmarks, which claimed that its “Many Integrated Core” Phi architecture …
Sarah Perez / TechCrunch:
Amazon launches a dedicated shop for items featured on Product Hunt  —  Amazon has teamed up with Product Hunt — the San Francisco-based startup that helps curate and surface the hottest new apps, websites, gadgets, tech creations and more — by offering a collection of products for purchase …
Dan Richman / GeekWire:
Google Cloud Platform releases three enterprise cloud database services from beta: Cloud SQL, Cloud Bigtable, and Cloud Datastore  —  Google Cloud Platform today released three database services from beta, signaling that they're ready for production use.  Cloud SQL, Cloud Bigtable …
Lucas Matney / TechCrunch:
Intel shows off a wireless all-in-one virtual reality headset called Project Alloy, with all of its cameras, sensors, and input controls built-in
Ron Amadeo / Ars Technica:
Hands-on with Huawei Honor 8 dual-camera phone with 5.2" full HD display, 8-core Kirin 950 SoC, 4GB RAM, now available for pre-order in the US starting at $399  —  Huawei's second US-bound “Honor” phone brings another budget flagship option to the table.  —  Huawei might not be well known in the US …
Cherlynn Low / Engadget:
Kobo launches 7.8" waterproof Aura One e-reader for $229, with a colored backlight for better nighttime reading  —  Whether you read before bed, in the bathtub, during your commute or at the beach, Kobo wants to be there for you.  The e-reader maker just released the $229 Aura One …
Tim Peterson / Marketing Land:
Pinterest rolls out click-to-play, mobile-only video ads in the US and UK with no current plans to expand to desktop  —  Pinterest's click-to-play Promoted Video format is effectively a free add-on to its Cinematic Pin format, but one that comes with its own free add-on.
Garett Sloane / Ad Age:
Verizon has offered to preinstall marketers' apps on subscribers' Android phones for $1-2 per device, according to ad agency execs  —  Unique Program Guaranteed Downloads, Agency Execs Say  —  Forget bloatware.  Brandware may be the next extraneous app software coming to Verizon customers' smartphones.
Monica Nickelsburg / GeekWire:
Amazon is experimenting with tech teams comprised entirely of part-time employees with full benefits in an effort to shed perceptions of a harsh company culture  —  A new pilot program inside Amazon is creating technical teams consisting entirely of part-time employees — including managers …

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From Mediagazer

Joe Flint / Wall Street Journal:
Sources: David Ellison has asked CNN CEO Mark Thompson to stay on after the WBD acquisition closes; Thompson's current deal extends into 2027

Wall Street Journal:
Sources: Disney plans a TV restructuring that is expected to result in more layoffs and consolidation of divisions as it pivots from linear TV toward streaming

Charlotte Tobitt / Press Gazette:
A US judge dismisses Penske Media's lawsuit against Google over traffic and revenue loss due to AI Overviews since Google never promised any traffic to Penske

More News

Earlier Picks

Eva Dou / Wall Street Journal:
Tim Cook pledges to increase investment in China, including creating Apple's first research center in the country, meets with China Vice Premier Zhang Gaoli
Lucas Mearian / Computerworld:
Ford, Baidu each invest $75M in Velodyne LiDAR Inc. that builds 3D-imaging tech for self-driving cars; Ford to double headcount of SV-based research team to 300
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