Nutanix shares briefly wobble over Google appliance fears

www.theregister.co.uk | 9/18/2018 | Staff
newusr01 (Posted by) Level 3
Click For Photo: https://regmedia.co.uk/2015/10/26/nutanix.jpg

Despite Google's claims that it isn't building a private cloud product, its partner Nutanix's shares took a 10 per cent dive when word got out.

A hastily denied story published on Monday by an American blog called The Information claimed that Google is "building custom-designed computers – which combine server, storage and networking functions – for a handful of large customers to run in private data centers, according to two people with knowledge of the project".

Response - Google - Statement - Appliances - Sale

In response, Google said in a statement to tech journos: "We can confirm that we are not building customized appliances for external sale." This did not stop panicked investors dumping shares in Nutanix, whose price fell from Friday's close at $52.50 to a low of $46.43 on Monday, though it was rebounding sharply at the time of writing to $50.08...
(Excerpt) Read more at: www.theregister.co.uk
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