Due to weak orders, Linear Technology Corp.’s first-quarter net income dropped, the circuit maker announced Tuesday. It earned $105.2 million, or 45 cents per share, down from $108.4 million, or 47 cents per share, from last year. The company predicted second-quarter income would be less than the first. Still, not all news was looking down: revenue spiked 1.6 percent to $335.1 million from $329.9 million at the same time last year.
Cisco has partnered with Citrix, a former competitor, for services such as networking, orchestration and mobility. It secured a deal with the company in order to integrate their NetScaler application to provide so-called Layer 4-7 services. It will still support customers with a similar Application Control Engine (ACE) product line, which among many functions helps improve server performance.
SanDisk’s third-quarter results topped expectations. As expected, the company had lower net income and revenue due to selling fewer memory chips to gadget makers. But the results weren’t as low as anticipated: according to SanDisk, the company is gaining market share from competitors. It earned $76.5 million, or 31 cents per share, in the July-September period, down 67 percent from $233.3 million, or 96 cents per share, in the same period last year.
On Thursday, Milpitas advanced threat protection company FireEye snagged a Wall Street Journal Technology Innovation Award. The first place honor was in the information security category for its FireEye Malware Protection System that guards against next generation security attacks. The WSJ received over 536 entries for more than two dozen categories, all which were judged by a panel of experts from venture capital firms, universities and companies.