Today: Two tech companies with deep roots in Silicon Valley, Santa Clara-based Intel and Palo Alto-based Hewlett Packard Enterprise, are teaming up to create open standards and programs for the Internet of Things, a digital network of physical objects that are embedded with electronics, software, sensors and connectivity systems.
The lead: Intel, Hewlett Packard Enterprises team up for Internet of Things
Two tech companies with deep roots in Silicon Valley, Santa Clara-based Intel and Palo Alto-based Hewlett Packard Enterprise, are teaming up to create open standards and programs for the Internet of Things, a digital network of physical objects that are embedded with electronics, software, sensors and connectivity systems.
“The alignment of Intel and Hewlett Packard Enterprise is the latest example of a growing Internet of Things ecosystem forming to fulfill the IoT promise,” said Doug Davis, senior vice president of Intel’s Internet of Things Group, in a statement.
Intel and HPE will create three global solutions labs and three global discovery labs.
The labs will help speed deployment of Internet of Things technologies, as well as experiment with — and test — Internet of Things solutions.
HPE facilities in Texas, France and Singapore will host the labs.
“Achieving business outcomes from Internet of Things can be daunting for organizations today due to the complexity of integrating many heterogeneous systems and technologies across devices, edge, network and data centers,” Alain Andreoli, general manager of Hewlett Packard Enterprise Servers, said in a statement.
SV150 market report: EA’s ‘Star Wars’ game gets mixed reviews, Apple Pay expands
Redwood City-based Electronic Arts on Tuesday released its much anticipated “Star Wars Battlefront” video game. The game, though, received mixed reviews. It’s also not likely to break all-time sales records, despite its release just weeks ahead of the even more hotly anticipated “Star Wars: The Force Awakens” feature film. EA rose 0.2 percent.
Oakland-based Pandora Media plunged 7.2 percent on Tuesday in regular trading — although it rose 1.4 percent in the after-hours session — in the wake of the Internet radio company’s decision to buy Rdio, a struggling online music service. Pandora will pay $75 million for the assets of Rdio, which decided to file for bankruptcy. Pandora says the deal will enable it to offer an expanded listening experience.
Los Gatos-based Netflix got a boost from a report issued by Ericsson that forecast growth in global mobile data traffic. Mobile data traffic is forecast to grow 10 times by 2021, and video will account for 70 percent of total mobile traffic in the same year, according the report. Netflix, an Internet video streaming provider, could capture 20 percent of the video traffic, the report said.
Cupertino-based Apple has expanded its Apple Pay payments service to Canada and Australia, although only with American Express cards at present.
Silicon Valley Big 10: Netflix up 5.2 percent, Intel up 1.7 percent, salesforce.com up 1.3 percent, Facebook up 1.1 percent, Gilead Sciences up 0.7 percent, Adobe Systems up 0.6 percent, Cisco Systems up 0.1 percent, Oracle up 0.03 percent, Apple down 0.4 percent, Google owner Alphabet down 0.6 percent.
Silicon Valley tech stocks
Up: The biggest winners by percent change were Applied Micro Circuits, Inphi, Nektar Therapeautics, Netflix, RingCentral
Down: The biggest losers by percent change were Jive Software, Pandora Media, SolarCity, Rocket Fuel, SunPower
The SV150 index of Silicon Valley’s biggest companies: Up 5.98, or 0.36 percent, to 1,686.23.
The tech-focused Nasdaq composite index: Up 1.40, or 0.03 percent, to 4,986.02.
The blue chip Dow Jones industrial average: Up 6.49, or 0.04 percent, to 17,489.50.
And the broad-based Standard & Poor’s 500 index: Down 2.75, or 0.13 percent, to 2,050.44.
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