Steve Johnson Steve Johnson (261 Posts)

Steve Johnson covers the microchip industry, cyber security and the big-technology sector that includes Hewlett-Packard, Oracle and Cisco Systems.

Globalfoundries acquiring IBM’s chip operations

IBM on Monday said it is unloading its unprofitable chip-making business to Santa Clara-based Globalfoundries in an unusual deal in which IBM will pay Globalfoundries $1.5 billion over three years to acquire the business. Through the transaction, Globalfoundries will take over Read More →

Advanced Micro Devices’ woes prompt analysts’ alarms

  Is Advanced Micro Devices about to go belly up? That's a possibility suggested by some analysts following the Sunnyvale chipmaker's recent CEO change and lackluster quarterly financial report on Thursday, when it announced it is cutting 7 percent of its Read More →

Hack attacks increasingly costly, HP study finds

Cyber crooks are cutting increasingly into the bottom lines of businesses, according to a new study by Hewlett-Packard. The average cost of a cyber attack on U.S. firms so far this year was $12.7 million, a 96 percent increase since Read More →

HP-EMC merger talks believed officially over

Hewlett-Packard appears to have given up its quest to buy all or part of data-storage company EMC. On Wednesday, Palo Alto-based HP said it was resuming its temporarily suspended stock-repurchase program because it was no longer in possession of "material non-public Read More →

Intel survey finds widespread ignorance about where personal data goes

Most owners of smartphones, tablets and personal computers are clueless about where their data goes, but suspect it's being scrutinized by others, according to a Harris Poll commissioned by Santa Clara chipmaker Intel. In the survey of 2,018 adults - the Read More →

J. P. Morgan hackers reportedly targeted other financial institutions

Last week's revelation that a J. P. Morgan cyber attack compromised data from 76 million households was bad enough. But it could have been much worse if hackers had had their way, according to a published report. Citing unnamed people familiar Read More →

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