Embattled Twitter (TWTR) CEO Dick Costolo is stepping down effective July 1, following criticism from investors about his leadership of the short-messaging service. Twitter said in a statement released after the market close Thursday that the company’s board has formed a search committee to find a permanent replacement CEO. The committee will retain an executive search firm to assist in the search. The committee, chaired by the board’s lead
Box (BOX) late Wednesday reported a smaller-than-expected quarterly loss and raised its full-year revenue outlook, sending shares in the online storage and file management provider up in after-hours trading. Box said revenue rose 45% to $65.6 million for its fiscal Q1 ended April 30 vs. the year-earlier quarter, topping Wall Street views. It forecast current-quarter revenue above expectations. Excluding items, Los Altos, Calif.-based Box reported
It’s four decades since mainframes comprised pretty much the entire computer industry. But while the machines still remain crucial in the PC/network/Internet age, the technology’s cachet with the tech workforce has taken a big hit. And computer companies see big trouble ahead. A lack of adequate staff to replace the aging workforce that makes and maintains mainframes and their applications tops the concerns of 350 CIOs surveyed by Compuware. The