Articles about Snap

Snap: We've blown $3bn this year and Tencent wants to give us more

Nose-diving social media company Snap Inc. says it has secured a significant investment from Chinese tech powerhouse Tencent. The photo sharing company slipped the disclosure into yesterday's remarkably poor quarterly earnings report, saying the 145 million shares were a non-voting stake and would not be subject to much …
Shaun Nichols, 8 Nov 2017
Money down the drain

Oh Snap! Rap for crap chat app brats in nine-month $3bn scrap flap

Shares in (former) social media darling Snap Inc. are understandably tanking today after the photo-spaffing service said it was losing more money and gaining fewer users than anticipated. The Q3 report, out today, found the upstart recording losses that were more than double its revenues while user growth also slowed and a …
Shaun Nichols, 8 Nov 2017

Camera company, huh? Snap's nerd goggles look destined for landfill

Comment Although Snap Inc. still insists on its home page that it's "a camera company", nobody seems to want its "camera". The core user base of millennials have stayed away from its hardware foray, resulting in an expensive flop. The social network for yoof rebranded itself in the build-up to its IPO in March. Being a social network …
Andrew Orlowski, 30 Oct 2017

Facebook may print money but thirsty Wall Street wants more

Analysis Anyone asking why there hasn't been a major new technology company to rival the likes of Facebook for a decade should take a good look at... Facebook. It's a reasonable question. If you exclude Uber as a technology company – it's really a casual labour arbitrage play that just happens to involve cars, other people's cars – …
Andrew Orlowski, 27 Jul 2017

File sharers Dropbox latest US tech startup to stick toe in IPO waters

Dropbox looks set to follow fellow file sync and sharer Box with an IPO. Reuters reports Dropbox is hiring underwriters to prepare a stock market launch later this year. Three years ago Dropbox went through a private fundraising event which valued it at around $10bn. Whether this valuation holds today is questionable. When …
Chris Mellor, 3 Jul 2017
couple glued to their smartphones. pic by shutterstock

Your emotionally absent pic-snapping partner's going to look you in the eye again

Memory monetisation has arrived in the UK today with the launch of Snap Spectacles. Snap is best known for enabling millennials to send silly self-deleting pics, but since its IPO it has been keen to reinvent itself as a camera company. The product was first announced in September and has been available in the US for several …
Kat Hall, 2 Jun 2017
Oprah

Linux devs open up universal Ubuntu Snap packages to other distros

Analysis The Snap application container system released in April with Ubuntu 16.04 is now going to be opened up to many other Linux distros after a surprise discovery by developers. In a press call to journalists, Canonical founder Mark Shuttleworth (accompanied at times by a rather excitable Labrador) explained that shortly after the …
Iain Thomson, 14 Jun 2016
Sunset by https://www.flickr.com/photos/pslee999/ cc 2.0 https://creativecommons.org/licenses/by/2.0/ attribution generic

Iron.io signs on to integrate Intel's Snap

Docker-herder Iron.io has added another string to its bow, in an agreement with Intel that gives it access to Chipzilla's Snap* framework. Intel emitted Snap in December as its contribution to data centre scheduling and workload management. The idea, according to this Jonathan Donaldson's blog post, is to use telemetry and …
chart

Lawsuit loot helps Overland cut loss

Overland Storage has reported a reduced quarterly loss, helped by a $3m gain from a lawsuit. Overland, which supplies NEO physical and REO virtual tape libraries and Snap iSCSI SAN, filer and unified storage products, has reported its second quarter fiscal 2011 results, ending 31 December 2010; both revenue and net loss …
Chris Mellor, 18 Feb 2011
arrow pointing up

Overland's Nasdaq market cap gap trap map

Back from the dead? It's a little too soon to say, but Overland Storage - threatened with costly ejection by Nasdaq because its market capitalisation was under $15m - has got a $12m stock issue to put that threat into touch. It's not a done Nasdaq deal yet, but the outcome seems pretty certain. CEO and president Eric Kelly …
Chris Mellor, 22 Feb 2010
channel

Overland Snaps into iSCSI

Oveland Storage is adding a SnapServer SAN product alongside the SnapServer filer product, and hoping it will be the business growth engine it sorely needs. The SnapServer product is the leading network-attached storage (NAS) product in volume terms and Overland Storage gained it through an acquisition of Snap last year from …
Chris Mellor, 16 Feb 2010
chart

Overland languishes in intensive care

There were signs of hope for the ailing Overland Storage last quarter, but these have been comprehensively dashed by the latest results. Can it still be saved? For its first fiscal 2010 quarter revenues were $19.3m, substantially down on the year-ago quarter's $32.3m, due to a combination of the recession and customers' …
Chris Mellor, 13 Nov 2009
arrow pointing up

Battle erupts in Adaptec boardroom

Analysis Struggling Adaptec faces a boardroom battle, as an activist investor attempts to force a company sale. The story starts with Warren Lichenstein and his Steel Partners' hedge fund. They bought shares in troubled Adaptec in 2007, and waged a campaign to have the company sell itself and so release asset-value to shareholders. …
Chris Mellor, 22 Sep 2009
homeless man with sign

Overland results show improvement

There's no need to call the grim reaper. Overland Storage's fourth quarter and full year 2009 results show it being nursed back to health. Overland Storage makes ULTAMUS and REO data protection disk array and NEO tape automation products, plus Snap Server network-attached storage (NAS) products for mid-range and small …
Chris Mellor, 15 Sep 2009
cloud

Dot Hill punts array of disk arrays

Dot Hill is adding iSCSI RAID storage offerings to its small-form factor 2.5-inch disk array product line, as well as three new products to its mainstream 2000 series disk arrays. The 2322 iSCSI SAN array uses 2.5-inch disk drives, while the 2532 DAS host-SAS array, 2332 iSCSI, and 2732 4Gbit/s Fibre Channel SAN arrays use 3.5 …
Chris Mellor, 1 Sep 2009
vulture tv reporter

Overland Storage gets new head marketeer

Recovering data protection vendor Overland Storage has recruited a new worldwide sales and marketing VP. The previous one, Ravi Pendekanti, is moving across to look after business development. Eric Kelly became Overland's CEO in January. He had been instrumental in persuading Overland to buy the Snap low-end NAS business from …
Chris Mellor, 22 Jul 2009
chart

NetApp tried to buy Snap NAS business in 2004

Here's a fascinating bit of history: NetApp tried to buy the Snap network-attached storage (NAS) business back in 2004, according to people with knowledge of the events. In November 2003 NetApp announced it was buying Spinnaker Networks and the acquisition completed in February 2004 at a cost of $300m to $330m. Then Snap was …
Chris Mellor, 10 Jul 2009
channel

Overland makes snap CEO switch

Struggling disk and tape protection vendor Overland Storage has suddenly promoted board member and ex-Snap Appliance CEO Eric Kelly to become its new CEO with incumbent Vern LoForti staying on as president. Kelly arranged and led the purchase of NAS product supplier Snap Appliance from Quantum in 2002 for $10m. He became Snap' …
Chris Mellor, 28 Jan 2009

Create a news alert about Snap, or find more stories about Snap.

Biting the hand that feeds IT © 1998–2017