Riverbed Technology Inc. has received no “credible” bids from buyout firms and shouldn’t have been targeted by activist shareholders, Chief Executive Officer and Chairman Jerry Kennelly said in an interview.
Microsoft Corp. named Satya Nadella chief executive officer, tapping an insider steeped in business technology to speed up a turnaround at a software maker that helped usher in the personal-computing age, only to be left behind as the world embraced the Web and mobile devices.
Microsoft Corp.’s board is preparing to make Satya Nadella, the company’s enterprise and cloud chief, chief executive officer and is discussing replacing Bill Gates as chairman, according to people with knowledge of the process.
When asked last month what kinds of gadget gifts he would be getting for Christmas, Microsoft Corp.’s Satya Nadella, said to be the board’s pick for chief executive officer, had an easy answer: Microsoft devices.
Symantec Corp.’s shares slid the most since October after the company forecast revenue that fell short of some analysts’ estimates, as declines in the personal- computer market and the emergence of advanced hacking threats hurt demand for traditional antivirus software.