Tapping no successor yet, Jack Ma, 48, said Tuesday he would be resigning as
CEO of Alibaba on May 10 because he is no longer young enough for the
Internet business.
"The Internet belongs to young people," he said. "This year, most of the
Alibaba leaders who were born in the 1960s will retreat from management and
execution roles as we hand over leadership responsibility to colleagues from
the '70s and '80s generations. Because, we believe that they understand the
future better than us, and they have a better chance at seizing the future."
He will remain chairman of the giant Chinese e-commerce company he started in
1999 responsible for its strategic direction while cultivating younger
talent.
Alibaba is expected to IPO and has reportedly hired Goldman Sachs and Credit
Suisse to take it out although Alibaba denies it.
It bought back half the 40% share in Alibaba hel... (more)
Symantec has reportedly put Altiris on the block and, according to the Wall
Street Journal, is getting feelers from private equity.
It acquired the IT management software shop for around $830 million in 2007
and doesn't expect to make the investment back.
Altiris manages end point connections such as laptops and mobile devices.
Symantec CEO Enrique Salem was removed last year because the company was
under-performing. He was replaced by GE veteran Steve Bennett, who's been
trying to turn the joint around by uncluttering its holdings.
Symantec, an antivirus company, at its core has ... (more)
Remember Microsoft's Surface? Well, Lenovo's got this thing called the
IdeaCentre Horizon Table PC that it's touting as the first "interpersonal
computer." It's a Window 8 dingus with a 27-inch screen that can be laid down
or stood up so four people can use it all at once as though it was a big
board game, which went fitted out with paddles and joysticks appears to be
its main purpose. Surface, now called PixelSense, was designed for store
displays and other commercial applications. The Table PC's screen, which is
the size of eight iPads sewn together, is said to respond to 10 fi... (more)
PCs shipments were down 4.9%% globally in Q4 to 90.3 million units because of
"must-have" tablets and the dicey state of the world's economy Gartner said.
The researcher figures "Tablets have dramatically changed the device
landscape for PCs, not so much by ‘cannibalizing' PC sales, but by causing
PC users to shift consumption to tablets rather than replacing older PCs.
This transformation was triggered by the availability of compelling low-cost
tablets in 2012, and will continue until the installed base of PCs declines
to accommodate tablets as the primary consumption device."
... (more)
Despite State Department sensitivities, Google's executive chairman Eric
Schmidt and Google Ideas director Jared Cohen, a former State Department
policy wonk who now heads Google's New York-based think tank, landed in
Pyongyang, North Korea, Monday as part of the entourage accompanying former
New Mexico governor Bill Richardson.
The US State Department opposed the four-day visit as "unhelpful" because it
follows so closely on North Korea's launch of a long-range rocket last month
that deployed a satellite into space, a move the United Nations Security
Council condemned as a viol... (more)