Good morning, channel partners. Here are five technology news updates, insights, chatter, and plenty more to start your day for Monday, April 24, 2017.
Actually, there are 10 updates for VARs, managed services providers (MSPs), cloud services providers (CSPs), independent software vendors (ISVs), telco master agents and telco agents to sip on.
9. Talent & Compensation: IBM CEO Ginni Rometty's compensation plan is under the microscope. At first glance it's $33 million per year, but take a closer look and the total package with stock options is 50 percent more than that, according to critics. The compensation plan scrutiny arrives in time for IBM's shareholder meeting on Tuesday. Some shareholders are upset because IBM's stock has returned less than 0.1 percent during Rometty's five years as CEO, according to Bloomberg.
8. Avaya Financials: Avaya's Q2 2017 revenue will be roughly $800 million to $803 million, an 11 percent decline from Q2 2016, according to preliminary unaudited estimates from the company. Adjusted EBITDA is expected to be in the range of $195 million to $200 million, or 24.4% to 24.9% of revenue. In addition, the cash balance is expected to be approximately $764 million, reflecting DIP financing proceeds and positive cash flow from operations, the company said. Finalized results will arrive in May. Avaya is navigating the Chapter 11 Bankruptcy process and seeking approval for a reorganization plan.
7. HIPAA Violation: The Center for Children’s Digestive Health in Chicago will pay a $31,000 HIPAA fine. Neither the center nor an associated contractor -- FileFax, which stores medical records -- had a signed business associate agreement. FileFax was accused in 2005 of dumping medical records in an unlocked trash container.
6. President Trump Cybersecurity Plan: It's overdue.
5. Notebook Security: HP Inc. has unveiled HP ZBook Mobile Workstations with major security updates. The devices -- designed for filmmakers, artists and digital pros -- feature HP Sure Start Gen3, a self-healing PC BIOS with encryption, authentication, malware protection, data protection, identity assurance, and threat detection and response capabilities.
4. IoT Security: Roughly 20 Linksys routers are vulnerable to various IoT security exploits, according to a Linksys security advisory. Here's how the Linksys security holes were found. Network hardware makers are facing intense scrutiny on the cybersecurity front, especially in the consumer market. For instance, D-Link is fighting a lawsuit that claims the company's networking gear leaves consumers open to basic security threats.
3. Startup Implosion?: ChannelE2E warned you last week that we sensed a market correction could be coming. Among our concerns: An unknown number of Amazon Web Services and Microsoft Azure customers are money-losing startups that could run out of funding. Now, The Wall Street Journal says numerous companies that got funding in 2014 and 2015 are now running on fumes. The total risk: Nobody knows for sure...
2. This Week's Partner Summits: This week's channel partner gatherings include ConnectWise IT Nation Europe 2017, Lenovo Accelerate 2017, NetSuite SuiteWorld 2017 and Riverbed Partner Summit 2017. Among the themes to track:
- ConnectWise: Moving from a "forming" to a "storming" mindset with ConnectWise CEO Arnie Bellini.
- Lenovo: The latest PC, server and hyperconverged infrastructure/data center efforts, care of Channel Chief Sammy Kinlaw.
- NetSuite: The partner program evolution under new owner Oracle.
- Riverbed: The progress of Riverbed's MSP Partner Program track.
- PS: Is your partner summit listed on ChannelE2E's Technology Event Calendar?
1. Coming This Thursday: We'll unveil the Top 100 Vertical Market MSPs 2017 list and research this Thursday during our latest ChannelE2E webcast. Register now and join us.