Paul Otellini, the chip maker’s chief executive, will step down after seven years as CEO and 40 years with the company. Intel will transition a new chief over the next 6 months. A board of directors will choose his successor.
Cisco’s chief executive is facing increasing pressure from shareholders and advisers to abandon the company’s set-top box business, Reuters reports. The report also states that there are few potential buyers for the division, which might lead to a simple shutdown of the business, which Cisco acquired in 2005.
“In the old days, it used to be your milkman coming to your house every week. I think in five years I could imagine…some significant fraction of the population having an Amazon truck coming to their house every week.”
Twitter and LinkedIn have overthrown Facebook as the top tech companies on Glassdoor’s “best places to work” list. Facebook held the title for 2011, 2012, and 2013 — now it’s the third-best tech company to work for (and the fifth-best overall).
nWay, a “mid-core” game developer, has raised a $5 million Series A led by TransLink Capital, AllThingsD reports. The funding will be used to bring the company’s flagship game, “Chrono Blade, ” to iOS, Android, and Ouya.
According to CNET, Aereo CEO Chet Kanojia says Aereo has plans to launch on Chromecast, Google’s low-cost dongle that lets you watch Internet content on your TV through a smartphone, laptop, or tablet. [Source: CNET]
Kevin Christopher Bollaert, 27, has been arrested for allegedly operating a site that posted thousands of graphic photos without people’s consent. He is also alleged of extorting up to $350 per victim. [Source: Business Insider]