The Notes will be senior, unsecured obligations of Dropbox, and interest will be payable semi-annually in arrears. Dropbox also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $56.75 million aggregate principal amount of 2026 Notes and up to an additional $56.75 million aggregate principal amount of 2028 Notes. (“Dropbox”) (NASDAQ: DBX) today announced its intention to offer, subject to market conditions and other factors, $567.5 million aggregate principal amount of convertible senior notes due Ma(the “2026 Notes”) and $567.5 million aggregate principal amount of convertible senior notes due Ma(the “2028 Notes” and, together with the 2026 Notes, the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). Google has built a solid cloud-computing business, which is a stack below its search technology, and Apple's now building its own iPhone chips, one of the many lower stacks below its smartphone device.SAN FRANCISCO-( BUSINESS WIRE)-Dropbox, Inc. Ironically, the opposite is true when you move down the stack. Oracle likes to think of Salesforce as an app that just sits on top of its database, but hasn't been able to overtake the cloud-software space they compete in. Google, despite all the search data it owns, hasn't been successful in the social-network space, failing to move up the stack in the consumer-web world. Sharma says that a lot of companies often overvalue their level of knowledge in their core business stack, and underestimate what it takes to build the technology that sits one stack above them.įor example, IBM saw Microsoft take over the more profitable software space that sits on top of its PCs.
So the server would be one stack, the network would be one, the database and app would each be one, and so forth. In plain English, there are many "stacks" of technology that sit between the foundational server and the end customer.
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