Feeds

Merrill Lynch rehires world's greatest hardware guru

Hedge trimmed from under The Loon

Combat fraud and increase customer satisfaction

Steve Milunovich - the world's greatest hardware guru - has denied the heart palpitating life of a hedge fund manager and returned to Merrill Lynch, The Register can reveal.

Well, to be fair, it seems the hedge fund world denied Milunovich more than he denied it. Miloonovich set out last August to start a new "digital economy" fund after retiring as Merrill Lynch's top technology analyst. The hedge fund gig didn't take though and "The Loon" went flapping back to Merrill Lynch to become a proprietary trader, according to a Merrill Lynch staffer we dined with last night.

"He was a good evangelist but not a good stock picker," the worker said. "I think people realised that, so things didn't work out."

By "people", we're not, of course, talking about Merrill Lynch because the company has hired Milunovich to do nothing but pick stocks. The company has set up The Loon with a set amount of funds to do with as he pleases.

Milunovich has yet to return our request for comment.

Those outside the hardware world might wonder what all The Loon-acy is about. Well, Milunovich established himself as the hardest working man in the hardware analysis game during a long career at Merrill Lynch. Some of his finer moments include advising Sun Microsystems chairman Scott McNealy on how to run his company via open letters, and backing Intel's Itanium processor as an "industry standard" at a time when the likes of IBM and Dell could only manage to give away a handful - literally - of Itanic servers per quarter.

Perhaps McNealy could have done Milunovich a favour and penned an open letter on how to run a hedge fund.

It's a shame that Merrill Lynch hasn't taken Milunovich back in the hardware guru role. We'll miss his assistants' research notes and his perspective. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.