Philly Enterprise Tech Daily Roundup 10/31: Foxconn, Honeywell, Biotelemetry, Dell Boomi
Tom Paine
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Wait, $msft counts LinkedIn revenue as cloud revenue? Do we get to count YouTube? And Nest? And SpaceX (we did invest, and hey, it even goes thru clouds sometimes)?
— miles ward (@milesward) October 29, 2018
Never let facts interrupt a "good story.” Tried to help reporter get it right, but clickbait won (https://t.co/4iiy2lGbQd). Our Fulfillment Centers have migrated 92% of DBs from Oracle to Aurora with better avail, less bugs and patches, less troubleshooting, less hw cost. More: pic.twitter.com/cwM5SHai2p
— Werner Vogels (@Werner) October 24, 2018
The Verge suggests that Foxconn may not deliver on what it committed to in Wisconsin, where Governor Walker promised a $3 billion subsidy in return for 13,000 new jobs at a new $10 billion plant.
But Pennsylvania tried, and Foxconn's mixed track record in living up to commitments is well established.
Honeywell completed its spinoff of its home automation tech business, now named Resideo, on Monday. on the NYSE. Honeywell also announced it was moving the headquarters for Resideo to Austin.
Malvern-based BioTelemetry (NASDAQ: BEAT) beat Wall Street expectations for both revenue and earnings . BioTelemetry shares have climbed 70 percent since the beginning of the year. It specializes in wireless cardio monitoring.
After struggling through periods when insurance carriers wouldn't reimburse for its expenses, the former Cardionet has rebounded, further spurred by an agreement last year with Appple to test monitoring heart activity through Apple Watch. BioTelemetry is at a $400 million annual revenue run rate, and its market cap is nearly $2 billion.
Dell Boomi announced that its 'new & improved" Boomi community site is now live.
Built on the Salesforce Community Cloud platform, the new Community will continue to offer Boomi customers all of the helpful content and programs they have come to expect, plus much more, says Boomi.
