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Posts Tagged ‘Silicon Valley Business Journal’

Long-awaited MacBook Pro could include keyboard touch screen for function keys

Sep 29, 2016, 7:20am PDT Updated Sep 29, 2016, 8:16am PDT

Apple is reportedly working on an updated version of the MacBook Pro that could launch as soon as next month.

The new version will have a second, touch-sensitive screen situated above the keyboard, according to MacRumors. The Cupertino-based company plans to have the laptop ready to ship “in the second half of October.”

The touch screen will replace the function keys on current MacBooks. Instead of keys marked F1-F12, there will be a screen that employs Organic Light-Emitting Diodes that will offer functions that apply directly to the user’s task or application. For example, the display would show media controls while iTunes is in use or editing commands while iMovie is open. Apple could add new buttons through software updates.

The upgraded laptop will feature a USB-C port for charging, rather than the MagSafe connection on current MacBooks, per the report. The trackpad will be slightly wider and Apple will also bring the Touch ID fingerprint technology from the iPhone to the Pro line. TouchID will allow users to unlock the device with their fingerprint and easily use Apple Pay for online purchases. The laptops will encrypt fingerprint data so it can’t be hacked.

The company is in development on macOS 10.12.1, which will support the hardware’s new features. Apple will release the updated MacBook in two sizes, a 13-inch and a pricier 15-inch model. Both are expected to be thinner than current-generation MacBook Pros.

The MacBook Pro upgrade comes as the Cupertino-based company is seeing a sharp decline in iPad sales. Apple’s tablet sales were down in the second quarter, shipping 10 million units this quarter compared to 11 million units at the same time last year. However, sales of Macs, including the Pro line, were up 6 percent to $25.5 billion in the last fiscal year.

During the last quarter, Apple said net income was $7.8 billion in the quarter that ended June 25, down from $10.68 billion one year ago. Revenue also declined 14 percent to $42.36 billion compared with $49.6 billion last year.

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Startup funding slowdown hits harder in Silicon Valley than S.F

The chill that descended on fourth quarter startup funding affected Silicon Valley more than San Francisco, according to research done for TechFlash Silicon Valley by PitchBook Data.

The overall number of deals and total of dollars that poured into Bay Area venture-backed businesses reflected the dropoff from the feverish activity of recent years that PitchBook and others reported earlier this month.

But it played out unevenly in the region.

There were 176 funding deals done in Silicon Valley in the last three months of 2015, down 35 percent compared to last year’s fourth quarter.


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San Francisco had 185 deals in the fourth quarter, down by about 30 percent from last year.

Helped by a huge Q4 $1.6 billion in funding raised by Airbnb, the amount raised by San Francisco-based VC-backed companies jumped by about 29 percent year-to-year to $5.2 billion.

The dollars raised in Silicon Valley in the period dropped by about 13 percent to around $3 billion.

 

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Data breaches and Internet of Things risks are among cybersecurity executives’ top concerns

As the RSA security conference in San Francisco nears, security executives are thinking about risks from breaches and Internet of Things devices. Photographer: Daniel Acker/Bloomberg

With the annual RSA security conference in San Francisco on the horizon, CEOs and other security executives are thinking about breaches, Internet of Things devices and the need for government support in fighting cybersecurity threats.

This year will be an important year for technology, as Section 215 of the Patriot Act, which covers government surveillance, expires at the end of May. The stakes have also risen from data breaches, which have now become fireable offenses for CEOs.

Big companies like Google Inc., Facebook Inc. and LinkedIn Corp. have all signed a letter asking for Section 215 of the Patriot Act to be amended to reform this section, as security is on their minds. Edward Snowden’s revelation two years ago about the National Security Agency’s practices also drew people into the security scene who had no idea the government had a pipe going from your cloud provider to the NSA.

Still, many prominent tech executives chose not to attend President Barack Obama’s cybersecurity summit at Stanford University this year.

Data breaches by attackers have taken the spotlight because of various states’ new data breach notification laws that have come about in the past decade, and companies needed to start notifying clients when a breach has occurred. High-profile breaches like those at Target Corp., Home Depot, Sony Pictures Entertainment Inc. and others have grabbed consumers’ attention.

We sat down with some of the top executives at security companies in the Valley, separately, and compiled their answers into one article. Here are some of their thoughts on top issues in security today:

Who we talked to:
Gary Davis, chief consumer security evangelist at Intel Security Group. Previously known as McAfee Inc., Intel Security is a Santa Clara software security company.

Kevin Haley, director of Symantec Corp. security response. The Mountain View company handles security software and storage.

Pravin Kothari, founder and CEO of San Jose-based CipherCloud, a cloud security company.

Dave DeWalt, CEO of FireEye, a Milpitas startup with a malware protection system. It also does the forensics after breaches happen, including helping Sony Pictures Entertainment after its massive hack last year.

David Goeckeler, senior vice president of Cisco Security Group. He just celebrated his sixth anniversary in this role, but he’s been with Cisco for 15 years.

Top concerns

1. Breaches
Symantec’s Haley said the No. 1 issue in security for businesses is data breaches, how to prevent them and how to handle them when they happen. Most of these breaches are caused by attackers, he said.

“It was an IT (information technology) to CISO (chief information security officer) issue to a board issue,” he said. “Execs are getting fired, brands are being hurt, and revenue is being lost.”

FireEye’s DeWalt notes that this is a community problem.

“The problem isn’t headed in the right direction,” Haley said. “How do we get ahead of this set of problems and what are we going to do about it as a nation? The level of danger has elevated pretty dramatically year over year. What we feared could come true a year ago at RSA has largely come true.”

2. Risks with iOT devices
New Internet of Things devices, like thermostats and wearables, pose new security challenges. A 2014 Hewlett-Packard Company study found the top IoT devices averaged 25 vulnerabilities per product and 75 percent of IoT devices contain vulnerabilities.

“People are not spending time thinking about opening up Pandora’s box of security challenges,” said Intel’s Davis. “The challenge is, you see all of these devices coming online at a rapid clip, without robust security. … Trying to apply a patch to a thermostat in the home is going to be much more challenging.”

New research from the market research firm Park Associates shows 47 percent of households have privacy or security concerns about smart-home devices.

Devices often are made without consideration of security and should have security built into them, he said. Not requiring a complex password or not requiring changing a password are dangerous things.

3. Changing business models
A shift to the cloud and digitization in enterprise can increase risk for companies, said Cisco’s Goeckeler.

“As business models change, it makes the security job a lot more difficult,” he said.

4. Need for government support
DeWalt says companies need more support from the government when it comes to Internet safety.

“In many cases the government is the problem, too,” he said. “For example, Russia’s offensive activities in cyberspace. They (various governments) could also be a big part of the solutions.”

Hacktivism, cybercrime, espionage, cyberterrorism and cybersabotage have all grown over the past decade, DeWalt said.

5. Thoughts on Patriot Act
The Patriot Act is not working well for international customers, said CipherCloud’s Kothari.

“We are always in favor of data privacy and consumer rights,” he said. “Right now, the Patriot law is too deep into security. It’s the typical security-versus-privacy debate that started after 9/11 — and in the process, privacy has taken the backseat.”

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Silicon Valley VC confidence drops for first time in 2 years

 

A third quarter survey shows the first drop in Silicon Valley VC confidence in two years.

Senior Technology Reporter- Silicon Valley Business Journal

Confidence among Silicon Valley venture capital investors dropped for the first time in two year in the third quarter, according to a new survey.

The report from the University of San Francisco is the latest sign of nervousness among VCs as startup valuations hit the roof and a growing number of IPOs are underperforming or being delayed.

Among the VC-backed companies that have decided to delay offerings are Los Altos-based Box and Sunnyvale-based Good Technology. Bloomberg reports that Zoosk, GoDaddy and Yodle also may wait until next year.

The survey also comes after various reports indicated strong but slowing venture funding in the third quarter.

The survey managed by Prof. Mark Cannice asked 33 VCs in the region to rank their confidence on a five-point scale, with one being low and five being high.

The third quarter index came in at 3.89, which is still relatively high, but is down from the 4.02 registered in the second quarter. It is the first drop recorded since early 2012.

“The break in the upward trend could indicate slowing momentum going forward as the VC confidence reading is future oriented,” Cannice wrote in his report.

Some prominent VCs, including Bill Gurley of Benchmark and Marc Andreessen of Andreessen Horowitz, have publicly warned startups to be careful not to burn through too much of their cash at this time.

One of the VCs in the survey who is growing more cautious is Robert Ackerman of Allegis Capital.

“While the engine of innovation is running at full speed, there is considerable risk of overheating, particularly in consumer sectors,” he said. “The excess of capital available to these companies is inflating both valuations and their wage costs. The laws of gravity remain universal and, at some point, we can expect to see a reconciliation between hype and hope.”

Jon Soberg of Expansive Ventures said, “The ‘bubble’ talk has grown louder, especially discussion about high valuations and burn rates. I expect VCs will be more conservative in the coming months and will fulfill the predictions of things slowing down. I still see great innovation and opportunities, and I expect that we will continue to see great companies being built and scaled, but possibly with a little lower valuations.”

An interesting twist may be that as venture-backed companies wait longer to exit through an IPO or acquisition, they become more vulnerable to shifting global macro-economic factors.

“With market demand lagging in China and in most of Europe, many companies are finding it difficult to forecast 2015 international sales,” Kurt Keilhacker of Techfund Capital said. “As a result, many U.S. companies are forecasting modest growth with the headwinds of softening demand internationally and an appreciating U.S. dollar.”

Despite signs of weakening exits, a number of the VCs in the survey remain confident.

Venky Ganesan of Menlo Ventures said, “The major trends driving entrepreneurial growth remain intact — mobile and social for consumers; cloud and Big Data for enterprises. The world we live in is being refashioned by these trends and we are in the second inning of the game. There will be some short term perturbations and some of the excesses we see in certain sectors will get curtailed, but the long term secular trend remains intact.”

Click here to subscribe to TechFlash Silicon Valley, the free daily email newsletter about the region’s founders and funders.

Cromwell Schubarth is the Senior Technology Reporter at the Silicon Valley Business Journal.

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Ericsson buys majority stake in cloud startup Apcera

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Ericsson has taken a majority stake in San Francisco-based Apcera, which s led by CEO Derek Collison

Ericsson said it is buying a majority stake in Apcera, a software startup whose cloud-based software helps customers control their computing resources.

The San Francisco company led by CEO Derek Collison had raised about $7 million since it was founded in 2012. Collison is a former Google Inc. executive who also designed cloud software while at VMware Inc.

The amount of money invested in the deal by Swedish networking giant Ericsson was not disclosed.

Ericsson is one of the legacy networking equipment providers who are trying to find ways to get in on the move to accessing programs and data in the cloud instead of on site. Its sales have stalled for the past two years.

Apcera has more than 20 employees and said it will continue to operate under its current name as a standalone company. The all-cash deal is expected to close in the last quarter of this year.

The company’s investors include True Ventures, Kleiner Perkins Caufield & Byers, Rakuten Inc., Andreessen Horowitz and Data Collective.

Click here to subscribe to TechFlash Silicon Valley, the free daily email newsletter about the region’s founders and funders.

Cromwell Schubarth is the Senior Technology Reporter at the Silicon Valley Business Journal.

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