CIT President/CEO Jobse to leave company

Peter Jobse, president and CEO of The Center for Innovative Technology, said he will step down at the end of the year. Prior to joining CIT, Jobse worked at EDS and was a founder of ArcSight, which was later acquired by Hewlett-Packard. He first came to CIT in October 2002 as an executive vice president and chief operating officer.

US President Obama approaches National Thanksgiving Turkey Cheese at White House in Washington

peHUB Second Opinion

In Second Opinion, Uber is close to raising a financing round that values it at $35 bln to $40 bln, Carly Fiorina explores a 2016 presidential run and Spotify’s revenue in 2013 was close to $1 billion. Happy Thanksgiving, everybody!


peHUB First Read

This morning’s First Read brings another round of charges aimed at big banks, Oaktree names its first CEO, another mega-medical merger rears its head and a legendary television show to return.


peHUB First Read

First Read tracks the continued fall of the price of bitcoin, the great H-P split and Google reportedly building a competitor to Facebook’s $19 billion WhatsApp. Bonus: the future of tech as envisioned by Silicon Valley teens.


Proteus Digital Health inks $120 mln, also appoints new CFO

Proteus Digital Health has received $120 million in funding from unnamed investors. In addition to the funding, the firm has named Steve Fieler as CFO and added Jonathan Symonds to its board of directors. Fielder is a former CFO at Hewlett-Packard while Symonds is the chairman of HSBC Bank Plc and the former CFO of Novartis AG. Headquartered in Redwood City, Calif., Proteus Digital Health is a digital medicine firm.


peHUB First Read

To take you into this Memorial Day weekend, First Read has news that dry powder is 23% higher than forecast, DARPA is using the Oculus Rift to train cyber-soldiers, insight into KKR Capstone and America’s new subprime problem: auto loans.

HP Could Sell webOS Unit

(Reuters) – Hewlett-Packard Co is looking to sell Palm’s webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said. Advised by Bank of America Merrill Lynch, HP is trying to figure out how […]

H-P Scales Back Investment Activity Amid Quarter-end Shakeup

Listed, Calif.-based Hewlett-Packard has scaled back or eliminated several parts of its corporate venture capital investment structure, said multiple sources who spoke with peHUB. Further, our sources said, the company is likely to make an announcement within the next two weeks regarding potential M&A plans and other organizational shifts for H-P as the company tries […]

Analysis: Google/Motorola Could Be Peak of Patent Price Spike

(Reuters) – The bubble in mobile phone technology patent values may just have popped.

Now that Google Inc. has agreed to a $12.5 billion deal to buy Motorola Mobility Holdings Inc. — scooping up a trove of 17,000 phone-related patents to give itself some ground to defend its Android operating system — the most motivated buyer looks to be off the market.

“The game is completely changed as a result of Google’s acquisition of Motorola Mobility. The arms race is essentially over,” said John Amster, chief executive of RPX, a company that advises customers on patent purchases. “They have basically created through acquisition what they needed.”

Google’s move was widely seen as a response to its loss in the auction of 6,000 Nortel patents to a group led by Microsoft Corp., Apple Inc. and Research in Motion, which fetched an unprecedented …

HP Appoints Five New Board Members, Including AXA Private Equity’s Senequier

Hewlett Packard Co. of Palo, Alto, Calif., named five new board members. The new directors include Booz & Co. CEO Shumeet Banerji, General Atlantic LLC’s Special Advisor Gary Reiner and Alcatel-Lucent’s former CEO Patricia Russo. AXA Private Equity’s CEO Dominique Senequier and eBay Inc.’s former president and CEO Meg Whitman were also appointed as board members. All five new directors will stand for re-election at the next annual meeting in March. The additions raised the director count to 17. The size will be reduced to 13 members after the shareholder meeting.

Kevin Fong Talks Poker and the Twists and Turns of 3PAR Deal

Kevin Fong, the former chairman of data storage company 3PAR Inc., likes to talk about poker, often uses poker analogies and says he studies the card game. He even has a home in Las Vegas. But you won’t find him spending time in casinos, playing Texas Hold ‘em and flipping chips. He says he doesn’t […]

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