Tech Biz Recap: Carbonite Spikes, Cisco’s New Product
Shares of cloud backup/storage company Carbonite (NASDAQ:CARB) spiked 56 percent during the last 20 minutes of trading before circuit breakers ceased the actions. Though the shares have now lost much of the gains, they remain sharply higher.
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Cisco (NASDAQ:CSCO), before Wednesday’s fiscal third quarter statement, reveals that it is developing a new product called Cloud Connect, which is intended to enable secure links between data centers hosting and accessing cloud apps. Further, Cisco is cooperating with Citrix Systems, VMware, EMC, Red Hat, and NetApp on the solution, which is financially doable from the payoffs from enterprise spending on public and private cloud infrastructures.
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Google (NASDAQ:GOOG) is soon to introduce a search engine overhaul which will yield more semantic information about query subjects within search result pages. This follows word two months ago, that the company promises a refurbishment that would bring search results closer to “how humans understand the world”. At the same time, Bing (NASDAQ:MSFT) has long advertised its inclusion of semantic data, as has Baidu (NASDAQ:BIDU), via its Box Computing platform.
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