Channel Brief: Intel Beats Shareholder Lawsuit

Case dismissed.

Earlier this week, Reuters reported that Intel won the dismissal of a shareholder lawsuit accusing the chipmaker of fraudulently concealing problems in its foundry business, leading to job cuts and a dividend suspension that wiped out more than $32 billion of market value in one day.

In a decision made public on Tuesday, March 4, 2025, U.S. District Judge Trina Thompson in San Francisco rejected claims that Intel took too long to reveal a $7 billion fiscal 2023 operating loss linked to its business of making chips for outside customers, Reuters said.

The case was dismissed without prejudice, which means that the plaintiffs can file an amended complaint if they have stronger evidence, Tom's Hardware noted.

"Plaintiffs argued that Intel and its then-CEO Pat Gelsinger and then-CFO David Zinsner concealed a $7 billion loss of its Intel Foundry unit in 2023, which led to stock inflation as well as a consequent massive $32 billion drop of the company's market capitalization in April 2024, when the company disclosed losses of its newly formed Intel Foundry division for 2023 and Q1 2025," the report said.

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Grab your coffee. Here's what you need to know today.

Today’s Tech, Channel and MSP News

1. OVHcloud US adds new Seattle, Wash. Local Zone: Cloud services provider OVHcloud has added a new local zone in Seattle, the company said. This addition expands the company's geographic reach to West Coast U.S. businesses. This expansion is part of OVHcloud’s broader strategy to position Local Zones in key urban and industrial centers to provide access to high-performance cloud services in more areas. OVHcloud has existing Local Zones in Dallas, New York, Chicago, Los Angeles, and more.

2. eSentire launches new channel partner model: Today, eSentire launched Atlas Nexus Network, its new channel partner model. The new partner model allows managed services providers (MSPs) and systems integrators (SIs) to license and operate their own dedicated instance of the Atlas Extended Detection and Response (XDR) platform, so partners can fully integrate their own security offerings, create differentiated business models, and rapidly deploy new services based on eSentire Atlas’ Generative AI and Agentic AI capabilities.

3. Team Cymru launches new Insights threat feed: Threat intel provider Team Cymru this week launched its Insights Threat Feed to provide threat intelligence with real-time context. This is aimed at helping reduce alert fatigue and false positives, according to a statement from the company. The solution classifies and categorizes 40 million IPs using more than 2,000 unique contextual tags to prioritize incidents effectively and reduce false positives, enabling faster responses, more efficient workflows, and stronger defenses. The Insights Threat Feed is delivered in industry standard STIX/TAXII format to integrate with most Threat Intelligence Platforms (TIPs), Security Information and Event Management (SIEM), and Security Orchestration, Automation, and Response (SOAR) systems.

4. Knostic nabs $11M to secure LLMs: Generative AI access control firm Knostic this week announced an $11 million investment to secure enterprise large language models (LLMs). The funding will be used to bolster Knostic's products, support customers in their AI transformation and add a customizable safety layer to tools such as Microsoft 365 Copilot and Glean. This additional round brings the company's total funding to date to $14 million.

5. SonicWall, CrowdStrike team up for SonicSentry for MSPs: SonicWall this week introduced SonicSentry MXDR, a managed solution for MSPs to protect the entire attack surface with end-to-end managed threat protection. This offering covers network, endpoint and cloud security is backed by a 24/7 Security Operations Center (SOC) and Network Operations Center (NOC) that provides MSPs with advanced threat detection and response capabilities from the endpoint to the local network to the cloud. CrowdStrike is integrating its endpoint

In-Person MSP and Channel Partner Events

• 5. Kaseya Connect, April 28-May 1, MGM Grand Resort, Las Vegas, Nevada