Seagate Technology to Acquire Dot Hill Systems

Dot Hill’s Portfolio Will Complement and Expand Seagate’s Storage Systems Offerings

CUPERTINO, Calif. & LONGMONT, Colo.-- Seagate Technology plc (STX), a world leader in storage solutions, and Dot Hill Systems Corp. (HILL), a trusted supplier of innovative software and hardware storage systems, today announced that they have entered into a definitive agreement under which a wholly-owned indirect subsidiary of Seagate will commence a tender offer for all of the outstanding shares of Dot Hill in an all-cash transaction valued at $9.75 per share, or a total of approximately $694 million on a fully-diluted equity value basis. As Dot Hill has approximately $49 million in cash on its balance sheet as of June 30, 2015, the transaction reflects an enterprise value of approximately $645 million. The consideration represents a 50% premium over the preceding three month stock price average.

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Absolute Collaborates with AMD to Extend Benefits of Persistence Technology

VANCOUVER, Aug. 18, 2015 - Absolute® Software Corporation (TSX:ABT.TO - News), the industry standard for persistent endpoint security and data risk management solutions for computers, laptops, tablets and smartphones, today announced an agreement with Advanced Micro Devices, Inc. (AMD) to incorporate Persistence® technology by Absolute into AMD chip designs.

Under the terms of this agreement, Absolute and AMD will provide an enhanced security offering by embedding patented Persistence technology directly into AMD x86 APU technologies.

"In the interest of improving the privacy and security of our customers, we have been steadfast in our commitment to evolve security offerings through our technology," said Roy Taylor, corporate vice president, Alliances, AMD. "We are excited to work with Absolute to leverage its unique Persistence technology by integrating this security functionality into AMD processors."

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OpenText and SAP to Accelerate B2B Managed Services In the Cloud

WATERLOO, Ontario and SUNNYVALE, Calif., July 29, 2015 -- OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), including managed cloud services for complex B2B integrations that facilitate the efficient and secure exchange of information inside and outside of organizations, and SAP SE (NYSE:SAP - News) today announced they will team up with OpenText to provide B2B managed services capabilities to multi-national businesses.

"OpenText is pleased to expand its partnership with SAP to help companies simplify the increasing complexities of trading partners and B2B management," said Mark J. Barrenechea, president and CEO of OpenText. "We can address the timely and complex integrations that many customers have with their trading partners around the world. SAP, together with Ariba, an SAP company, and OpenText will provide customers a solution that enables them to improve time to revenue, reduce costs and helps to advance the digital transformation that today's leaders are undertaking."

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Red Hat Reports First Quarter Results

First quarter total revenue of $481 million, up 14% year-over-year First quarter subscription revenue of $425 million, up 14% year-over-year First quarter operating cash flow of $209 million, up 27% year-over-year

RALEIGH, N.C.-- Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced financial results for its fiscal year 2016 first quarter ended May 31, 2015.

Total revenue for the quarter was $481 million, an increase of 14% in U.S. dollars from the year ago quarter, and 22% measured in constant currency. Constant currency references in this release are as detailed in the tables below. Subscription revenue for the quarter was $425 million, up 14% in U.S. dollars year-over-year, or 23% measured in constant currency. Total revenue for the first quarter of fiscal 2016 included an additional $5 million of subscription revenue earned from Red Hat’s Certified Cloud Providers (CCP). This one-time adjustment results from a change in our ability to estimate revenue earned through the CCP program.

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Take-Two Interactive Software, Inc. Reports Strong Results for Fiscal Year 2015

Non-GAAP Net Revenue was $1.669 Billion
Non-GAAP Net Income was $1.98 Per Diluted Share
Provides Profitable Non-GAAP Financial Outlook for Fiscal Year 2016
Increases Share Repurchase Authorization to 10 Million Shares

NEW YORK-- Take-Two Interactive Software, Inc. (TTWO) today reported strong revenues and better-than-expected Non-GAAP earnings for its fourth quarter and fiscal year 2015, ended March 31, 2015, and provided its initial financial outlook for its first quarter and fiscal year 2016. In addition, the Company announced that its Board of Directors has approved an increase to its share repurchase authorization up to an aggregate of 10 million shares of Take-Two’s common stock.

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