Feeds

Queen stakes claim in dotcom bonanza

How come we all know?

  • alert
  • submit to reddit

Reducing security risks from open source software

Four months ago, the Queen invested £100,000 in a dot.com firm called getmapping.com.

Next month, her three per cent stake will magically transform to £1.2 million when the company floats.

getmapping.com is a geographic information Web overlay play - it is producing an aerial map of Britain in digitised form. And it needs to raise £7 million to complete the task.

Why that makes it worth £40 million, is anyone's guess.

In an touching display of forelock-tugging, getmapping has dedicated its website to the Queen, "with her permission", the Sunday Express says. (We checked out the site - still in "soft launch" mode - and saw no Royalist paean, so we'll have to take the newspaper's word for this.)

getmapping certainly has a lot to be thankful for: it is very unusual for the Queen's specific equity investments to filter into the public domain.

Her stock portfolio, estimated by The Sunday Times Rich List 2000 at more than £100 million, lies hidden mostly behind anonymous Bank of England nominee accounts.

So why should the Royal Household go public on its interest in footling business such as getmapping.com? Very curious indeed.

Perhaps the presence of Sir Robert Fellowes, the Queen's former private secretary, on the getmapping board has something to do with this. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.