Victoria Fox's Blog, page 147

The legacy of César Alierta, the president who made Telefónica a giant

César Alierta, former president of Telefónica CRISTINA DE ROJAS, dies

The former president of Telefónica (2000-2016) piloted the evolution of the operator until it became an international giant, although that growth and the fact that it was based on heavy debt when money was cheap, constituted part of the current problems. of the operator.

The death, this Wednesday, of César Alierta, one of the most important Spanish company managers of recent decades, invites us to review the career full of chiaroscuro, of a unique and singular manager, who along with other great

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HPE pays 12.8 billion for Juniper to grow in networks

HPE Headquarters. DREAMSTIME EXPANSION

The multinational business technology company hopes to double the size of its networking business.

Hewlett Packad Enterprise (HPE) has closed an agreement to acquire the multinational network technology company Juniper Networks for 14 billion dollars, 12.8 billion euros at the exchange rate. American enterprise technology company pays

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César, 50 years at your side

The death of César Alierta leaves a void in me that nothing and no one can fill. César has been someone very important in my life and with his departure I lose a reference. A companion of the soul, as the poet wrote. Someone with whom I have shared, not only countless professional projects, but, above all, a personal relationship that has deeply marked and enriched me over many decades. Someone with whom I have shared great ideals.

With drive and an overwhelming and magnetic personality, César has been, without a doubt, one of the most brilliant executives in our business history. Intelligent, creative, visionary, nonconformist and vital, he forged with effort an exceptional training that catapulted him to success from his native Zaragoza.

A tireless worker who laid the foundations of the Telefónica that we know today. With his great team, he promoted the international expansion, diversification and digitalization of the business, and projected the company to the category of global reference operator that it has today. He did it with enormous determination and audacity, without any type of complex and with a marked sense and feeling of country. All words fall short to describe his legacy in one of our flagship companies worldwide. Before, he had already shown his talent at Banco Urquijo, in the company Beta Capital that he founded or at Tabacalera. Wherever he was, César dazzled.

On a human level, he was always a person of deep moral convictions and inalienable social commitment. His genuine character and strong ways were the prelude to a colossal and delicate heart. I remember today, with special fondness, the journey we embarked on together to respond to a personal request from Pope Francis in an audience that we had the privilege of holding.

With his usual direct tone and friendliness, Caesar asked the Pope what his greatest concern was. The education of disadvantaged children in developing countries was the answer. At that precise moment, César took me by the arm and promised the Pope to leave his life in the effort.

From that plot, the Profuturo Foundation was born in 2016, a project that Alierta personally led from its origins and that has already enabled digital literacy for millions of vulnerable children around the world. A project to which he dedicated himself after his retirement from the front line. Because Caesar was also a man of consensus, someone capable of bringing together all sensibilities in the service of the noblest ends.

He was an extraordinary husband. He had the misfortune of not having children, but also the immense fortune of sharing his life with an excellent wife. Ana was the center of his life. The love with which he cared for her during the years of her illness was a priceless life lesson for all of us who experienced it. He was a loyal friend, always willing, with strong and sincere affections. Far from artifices and compliments, you could always count on him.

His example and legacy are a treasure that we must all strive to preserve. The mark that César leaves on my heart is eternal and deep.

Caesar, I will miss you and I hope we meet in eternity. Rest in peace.

Isidro Fainé. President of the La Caixa Foundation

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Pallete: "Telefónica would not be what it is today without César Alierta"

The president of Telefónica, José María Álvarez-Pallete. J. Casares EFE

The president of Telefónica, José María Álvarez-Pallete, has indicated regarding the death of César Alierta, the former president of the operator, through a video statement that “today is a very sad day for all of us who have been lucky enough to

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Digital Currency: Fake Bitcoin Decision by US Authority Confuses Crypto Industry

Shortly before the expected decision on whether to allow Bitcoin exchange-traded funds (ETFs) in the US, a hoax has confused the industry. On the X account of the SEC supervisory authority it could be read that the way for a listing of the funds was clear. Shortly thereafter, however, SEC chief Gary Gensler said that the SEC account on X had been “compromised.” “An unauthorized tweet” had been posted, he said. The SEC has not approved the listing and trading of Bitcoin exchange-traded products, he added.

X said it could confirm that the SEC user account was compromised. A preliminary investigation indicates that an unidentified individual gained control of a phone number that was linked to the SEC account. A security measure to protect against hackers, the so-called two-factor authentication, was not activated in the SEC account.

After the false report, the price of the largest and best-known digital currency, Bitcoin, initially rose to $48,000 before falling to under $45,000.

A decision from the SEC on Bitcoin ETFs is expected on Wednesday. If it approves the funds, it would be a turning point for the industry, which has been trying to bring the product to market for a decade. From the perspective of experts, it would probably lead to increasing investor interest.

The value of the currency had recently benefited significantly from speculation about a positive decision: since mid-October alone, the Bitcoin price had increased by 76 percent.

Despite recent price gains, Bitcoin is still far from its record high. This was marked at just under $69,000 in November 2021. Just over a year ago, Bitcoin had slipped below the $16,000 mark. At that time, turbulence on the crypto market in connection with the crypto exchange FTX caused a price collapse.

Shortly before the expected decision on whether to allow Bitcoin exchange-traded funds (ETFs) in the US, a hoax has confused the industry. On the X account of the SEC supervisory authority it could be read that the way for a listing of the funds was clear. Shortly thereafter, however, SEC chief Gary Gensler said that the SEC account on X had been “compromised.” “An unauthorized tweet” had been posted, he said. The SEC has not approved the listing and trading of Bitcoin exchange-traded products, he added.

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Spying via iPhone: Probably sloppy. Maybe also a back door for the NSA

Has Apple built a technical backdoor into iPhones so that secret services like the NSA can gain access to user data? The accusation (which Apple rejects) is serious; it almost sounds like a conspiracy theory. But it doesn’t come from just anyone. The renowned – albeit controversial – American IT security expert Steve Gibson raises it in the current edition of his popular podcast Security Now . And he also refers to research results from the IT security company Kaspersky.

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Federico Linares will replace Eduardo Serra as president of the technological association DigitalES

Federico Linares, president of EY Spain and next president of DigitalES. MAURICIO SKRYCKY EXPANSION

Federico Linares will be the next president of the DigitalES technology association since he heads the only candidacy, a proposal agreed upon by the main members, for the elections held today by the association.

Federico Linares will be the new president of the DigitalES technology association, replacing Eduardo Serra , who is leaving the position. Federico Linares was appointed president of EY in Spain in 2019, a firm where he has worked since 1997. Linares is a

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Linares is elected president of DigitalES without votes against

The consensus candidacy for the presidency of DigitalES, the technology and telecommunications employer association, which involved the appointment of the president of EY, Federico Linarees, as president, has been widely supported in the elections held today by 140 votes in favor and 11 abstentions.

The president of the consulting firm EY, Federico Linares, has today been named president of the technology association DigitalES, following the elections held in the association, as EXPANSIÓN announced today in its print and digital editions . The consensus candidacy led by Linares, and which included thirty representatives of the associates, has been supported with 140 votes in favor and 11 abstentions, while it has not received any votes against.

Linares thus replaces Eduardo Serra, who was the founding president of the association, created in 2017, as president of DigitalES. The birth of DigitalES occurred when a good part of the main partners of the Ametic association, led by the Large telecommunications companies and their suppliers left Ametic due to disagreement with the governance system.

Federico Linares is a lawyer and president of EY Spain since 2019, a professional services firm with more than 5,800 professionals in Spain and 400,000 in the world, and is also the partner responsible for the Talent area for the Western Europe region of EY.

DigitalES will continue to develop various lines of activity and promote new ones, with the support of several members of the Association. The main ones will be:

Regulation : Headed by Antonio Bengoa (Telefónica), Elena Otero-Novas (Vodafone), and Alfonso González (IBM), this area will address the regulatory challenges of digitalization.

Education : Led by Miguel Ángel Turrado (HP), it will promote training in digital skills.

Occupational risk prevention : Iván Rejón (Ericsson) will direct this area, guaranteeing the safety of workers in the digital environment.

Talent and digital employment: Led by Javier Rodríguez Molowny (NTT Data), the aim will be to promote the development of digital talent and employment in the sector.

Digital transformation: José María Ramírez Cárdenas (Huawei) will lead this line of action, supporting the digital transformation of companies and organizations.

European funds : With Andreu Vilamitjana (CISCO) at the helm, it will be one of the new bets to help mobilize European funds for digitalization.

Sustainable digitalization: Juan Leal (Lexmark) and Patricia Urbez (Fujitsu) will lead the push for sustainable digitalization.

CEOE : Luz Usamentiaga (Orange) will be the representative of DigitalES at the CEOE.

Digitales has indicated in a statement that “Linares carries out intense social work linked to various culture, education and entrepreneurship projects. Within the cultural field Linares is vice president of the Board of Protectors of the Teatro Real of Madrid and of the Alalá Foundation, dedicated to the inclusion of the gypsy people through flamenco; and the Paco de Lucía Foundation. In the field of Education, he chairs the Social Council of the University of Cádiz. Finally, in the area of entrepreneurship, his work as patron of the Endeavor Foundation.”

The statement indicates that Linares “has the firm intention of strengthening the positioning of DigitalES as a reference in the technological transformation of Spain, standing out for its public policy proposals on digitalization, its analysis of the latest trends and advances and its ability to mobilize to the actors in the sector. Its focus will include initiatives for social progress, education and training in digital skills, digital inclusion and equality, as well as digital territorial cohesion through public-private initiatives to reduce inequality.”

In the words of Federico Linares: “DigitalES must be the reference in Spain for the positioning of a more competitive Digital Europe, with a humanistic perspective and the drive for transformation that puts people at the center. New technological advances must promote innovation and progress respecting the rights of citizens and generating trust, as well as the democratic values, which are the basis of European and Spanish societies”.

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Tradeinn enters 500 million for the first time and prepares to expand its headquarters

David Martín, CEO of Tradeinn, one of the main Spanish e-commerce groups. EXPANSION

The sports equipment company grows 15% in 2023 despite the difficulties in the sector after the post-Covid bubble and is preparing an investment of 15 million to provide its facilities in Celrà (Girona) with a shipping capacity of up to 100,000 orders per day.

Tradeinn , one of the most important multi-specialist e-commerce groups in Spain, has reached 500 million euros in turnover for the first time. The company closed 2023 with sales growth of 15% , in line with previous

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HPE negotiates the purchase of Juniper Networks for $13 billion

The American technology multinational could announce the agreement this week, according to The Wall Street Journal.

Hewlett Packard Enterprise is in advanced negotiations to acquire the network infrastructure company Juniper Newtorks for $13 billion, according to The Wall Street Journal . The acquisition could be made public this week, according to the American newspaper, which cites sources familiar with the conversations. Juniper shares rise 23% on Wall Street in pre-market trading.

Juniper Networks is a competitor of Cisco in the network equipment and services market. Additionally, the company operates an artificial intelligence service, Mist AI, that uses those tools to optimize and simplify network access operations. In 2022, the company recorded revenue of $5,301 million, with year-on-year growth of 12%. Net profit rose 86% to $471 million.

After the split in 2014 of the historic Hewlett-Packard into two companies , HPE addressed divestments in services (currently DXC) and software (Micro Focus, which was later acquired by OpenText), focusing on its role as a technology infrastructure provider. Under the direction of Antonio Neri, the company has evolved in recent years to focus on the commercialization of technology in a service mode.

In the last fiscal year, closed in October, the multinational business technology company increased its revenue by 2% to $29.1 billion, with a net profit of $2.025 million, compared to $868 million in the previous year. The company’s stock has risen 9% in the last year, and its capitalization is around $23 billion.

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