Articles about 100m

Snowball angry about being neutered

After AT&T's crushing blow, FTC tells Senate it wants its balls back

US trade watchdog the FTC says it will appeal the August decision stripping its ability to fine AT&T. In a hearing before the US Senate Committee on Commerce, Science and Transportation this week, FTC chairwoman Edith Ramirez confirmed her agency will challenge the Ninth Circuit Court's ruling that corporations that deliver a …
Shaun Nichols, 28 Sep 2016
editorial only image of Whitehall. Pic Daniel Gale/Shutterstock

UK.gov is doing sod all to break £20bn of locked-in IT contracts

Analysis If IT wasn't perceived to be such a boring topic by Joe Public, the amount the government still spends on expensive clunky technology would be viewed as a national scandal. Across the entire public sector the annual figure has been pegged at around £20bn. No one knows for sure. As long as Whitehall's money is locked into …
Kat Hall, 28 Sep 2016

Korean cargo line bailout saves Christmas for tech companies

Bankers have loaned US$100m to Korean shipping line Hanjin, likley saving Christmas for tech companies, distributors and retailers. Hanjin's finances ran aground in late August, when it filed for bankruptcy. That filing meant that the company's 97 container ships and the half a million or so containers they carried entered …
Simon Sharwood, 23 Sep 2016
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My God, I've got nothing on! Microsoft's $200m Wunderlist is down

Mobile to-do list Wunderlist, bought by Microsoft for a reported $100m-$200m, is down with no immediate prospect of recovery. The firm claims to have more than 13 million users and has blamed problems with synchronization and task creation on all platforms. The service, when it works, runs on iPhone, iPad, Apple Watch, …
Gavin Clarke, 22 Sep 2016
Sheaf of £50 notes poised on the rim of a toilet bowl as toilet is flushed. Collage of two photos sourced from Shutterstock

Margaret Hodge's book outlines 'mind boggling' UK public sector waste

Review It’s impossible to read former bollocker-in-chief Margaret Hodge’s account of being chair of the government's spending watchdog without repeatedly banging your head against the wall. Hodge presided over the House of Commons’ Public Accounts Committee between 2010-2015, during the coalition government’s austerity programme. …
Kat Hall, 20 Sep 2016

Tech Data to slurp Avnet TS for $2.6 BEEELLLION

Tech Data is to buy Avnet Technology Solutions for $2.6bn in a deal that, when completed, will create the chunkiest enterprise IT distie on the planet. Under the terms of the transaction, Tech Data will stump up $2.4bn in cash and 2.785 million of its shares (roughly seven per cent of the ownership position), the US companies …
Paul Kunert, 19 Sep 2016
Keep Portland Weird sign<a href="http://www.shutterstock.com/gallery-1455572p1.html?cr=00&pl=edit-00">Tyler McKay</a> / <a href="http://www.shutterstock.com/editorial?cr=00&pl=edit-00">Shutterstock.com</a>

Oracle settles with State of Oregon for US$100m, by locking it in

Oracle and the US State of Oregon have struck a $US100m settlement over Big Red's botching of a health portal project. But even though Oracle looks like the villain, it will probably come out ahead in the long term because the state has committed to implementing plenty of its software. The settlement came about after a $300m …
Simon Sharwood, 16 Sep 2016
Orchestra

Mirantis grabs Kubernetes maestro to orchestrate OpenStack inversion

Mirantis has bought a Kubernetes master to fulfil its common goal with Intel and Google: to wrap up OpenStack for micro services. The OpenStack flinger has bought TCP Cloud, a 30-person specialist in running managed services on OpenStack, OpenContrail and Kubernetes. The purchase buys TCP Cloud’s open-source MK.20 technology …
Gavin Clarke, 15 Sep 2016
Office Space

HP Ink buys Samsung's printer business for a BILLION dollars

HP Inc has agreed to purchase Samsung's printer business for over $1bn, the largest print acquisition in its history. Describing the deal as "accelerating the disruption of the $55bn copier industry" HP Ink expects its acquisition of Samsung's tech will help it replace copiers with "superior" multifunction printer (MFP) …

Star Trek's Enterprise turns 50 and still no sign of a warp drive. Sigh

Star Trek @ 50 Zooming through space faster than the speed of light is integral in science fiction if the story unfolds over different planets, galaxies and universes. The Hitchhiker’s Guide to the Galaxy had hyperspace, the TARDIS in Doctor Who travelled through a time vortex, and Star Trek used warp drive. The sight of the Starship …
Katyanna Quach, 08 Sep 2016
Delta Airlines, photo by Lerner Vadim via Shutterstock

Delta computer outage costs $100m

Last month's computer outage at US airline Delta cost the company around $100m, its CEO has admitted. In a financial statement, Delta's boss Ed Bastian said that the disruption was caused by a power outage in Atlanta and led to more than 2,300 flights being cancelled over a three-day period. While in purely financial terms the …
Iain Thomson, 06 Sep 2016

Sick of Southern Rail? There's a crowdfunding site for that

Frustrated Southern Rail passengers – like there’s any other kind these days – have launched a crowdfunding page to pay for a judicial review against the UK Department for Transport (DfT) over its handling of the franchise. The Association of British Commuters (ABC) is “seeking legal advice” from Devonshires Solicitors LLP and …
Paul Kunert, 06 Sep 2016

US appeals court slaps down FTC, AT&T walks free, cats and dog living together, mass hysteria

The US Court of Appeals for the Ninth Circuit has thrown the issue of who can protect American consumers into confusion with a decision for AT&T and against the Federal Trade Commission (FTC). The decision [PDF] could see the telecom giant walk away from a $100m judgment for throttling its customers' data speeds without …
Kieren McCarthy, 31 Aug 2016
White House drone

Height of stupidity: Heathrow airliner buzzed by drone at 7,000ft

An airliner circling Heathrow narrowly missed colliding with a drone flying at 7,000 feet – while another aircraft approaching the London airport saw a drone hurtle past just 30 feet from its cockpit. The first near miss took place in mid-May when an Airbus A319 pilot flying to Heathrow saw a one metre-long drone, painted …
Gareth Corfield, 30 Aug 2016

NHS injects tender for PC and peripherals kit with £500m

The UK's NHS has a £500m budget to burn on PCs, printers and monitors in the latest mega framework tender to be dangled in front of ravenous tech suppliers. A ten lot agreement including desktops, lappies, tabs, peripherals, and warranties has been issued by the NHS Shared Business Services - the joint venture between DfH and …
Paul Kunert, 25 Aug 2016
Airlander 10 crash

Watch the world's biggest 'flying bum' go arse over tit in a crash

Video The Airlander 10 hybrid – part airplane and part airship – has had a bumpy touchdown after piling into its landing site nose first. The 92-meter (302-foot) aircraft gets 60 per cent of its lift from the helium that fills its two massive airbags, which have earned the aircraft its nickname of the Flying Bum, although the …
Iain Thomson, 24 Aug 2016
Nimble_AF_Series_table_competition

Nimble Storage ticks over nicely but will shareholders want more revs?

Nimble Storage's revenue of $97.1m for the second quarter of its fiscal year 2017 beat its guidance of $93m - $96m, which is good, and it generated a loss of $40m; better than the previous quarter's $42.7m loss but worse than the $30.1m it lost in Q2 last year. On the annual compare, revenues were up 21.2 per cent – excellent …
Chris Mellor, 24 Aug 2016
Supercalifragilisticexpialidocious

$100m settlement snub: Super Cali goes ballistic, says Uber deal atrocious

A California judge has rejected the nearly $100m settlement deal between Uber and a group of aggrieved drivers. Judge Edward Chen said on Thursday [PDF] the dial-a-ride app maker's proposed settlement package "as a whole as currently structured is not fair, adequate, and reasonable." The drivers are suing Uber, accusing the …
Shaun Nichols, 18 Aug 2016
Book learning, image via Shutterstock

Microsoft’s stealth scripting engine arrives on Android

m Flow, Microsoft’s stealth-mode scripting engine, has arrived on Android, six weeks after seeping onto iOS. The Flow app is similar to conditional workflow tools like IF (formerly IFTTT) and Tasker, which are far more mature. Strangely, consumer Office 365 accounts aren’t supported – you need to have a “work or school” …
Andrew Orlowski, 12 Aug 2016
ExaFlash D-Series

ExaFlash: Cheap, dense, energy-sipper will 'empower humankind'

+Comment Nimbus Data has announced its scale-out ExaFlash all-flash array at the Flash Memory Summit, with four models ranging up to 4.5PB raw capacity in 4U. The claims are pretty big and prompt the question: "Is this for real?" Nimbus' overall claims for ExaFlash start from scale and rackspace density and ultimately encompass " …
Chris Mellor, 09 Aug 2016

US state sues Comcast for $100m in row over 'worthless' repair plans

Washington state is suing Comcast and demanding $100m in damages for allegedly misleading customers. At a press conference on Monday, Washington Attorney General Bob Ferguson claimed the US cable giant's Service Protection Plan (SPP) had cheated at least 500,000 people out of their money. People who take out the optional $4. …
Iain Thomson, 01 Aug 2016
Man weighs himself on imperial scale. photo by shutterstock

BT sees 35% sales gain as it digests hearty EE meal

Sales jumped by 35 per cent for BT's first quarter to £5.7bn, with profit before tax up 16 per cent to £802m - mainly due to its £12.5bn slurp of EE. The mobile operator contributed £1.2bn for the quarter and £84m in operating profit. Elsewhere other parts of the biz were lacklustre. Its Wholesale biz fell 10 per cent to £ …
Kat Hall, 28 Jul 2016
Close up of etched silicon

Brit chip bods ARM quietly piling up cash. Softbank will be happy

Cambridge-based processor design business ARM has posted substantial revenue and profit increases for the months in the runup to the Brexit vote. The company being bought by Japanese megacorp Softbank for £24.3bn, though Softbank has promised that this will be a Brexit in ownership only. ARM will retain its "senior management …
Opera singers

Opera sells open-source Chromium browser for $600m to Chinese bods

Opera will sell its web browser technology to Chinese investors for $600m after a larger sale worth $1.2bn fell apart. The Norwegian company said in a filing to the Oslo Børs stock exchange that it had agreed to an arrangement that will see the Chinese-backed Golden Brick Capital Management private equity fund take control of …
Shaun Nichols, 18 Jul 2016
CHILE -FEBRUARY 6: Moais in Rapa Nui National Park on the slopes of Rano Raruku volcano on Easter Island, Chile. Photo by Shutterstock

The History Boys: Object storage ... from the beginning

Backgrounder This is a terrific object storage history map from Silicon Valley object storage guy Philippe Nicolas*, who has put together a spreadsheet detailing the history of content-addressable storage (CAS**) – otherwise generally known as object storage. I have heard so many odd things about suppliers and technologies in this market …
IDA

Space station to get shiny new ringpiece for automatic penetration

NASA has shown off a shiny new piece of hardware that's going to make it easier to bring future gear onboard the International Space Station. Fresh supplies will be sent up to the orbiting science lab by a SpaceX rocket due to take off on Monday, weather permitting. The largest item in the manifest is the International Docking …
Iain Thomson, 14 Jul 2016
recruitment_hired

Dell and EMC name the captain who'll run their $36bn channel biz

Dell has chosen one-time AMD exec and its current veep of sales John Byrne to head up its near-$36bn turnover global channel biz, once it has swallowed EMC in the coming weeks. The $67bn buy of the storage giant is due to close late in July or early August, sources close to the situation told us, when the enlarged organ will …
Paul Kunert, 13 Jul 2016

Former Lenovo boss directed to CEO chair in Avnet's exec lounge

Enterprise tech distie Avnet has ejected Rick Hamada from the CEO chair and his seat on the board amid a warning that sales and profits have not tracked to previous forecasts. Hamada’s successor? Bill Amelio, former top dog at Lenovo and one-time Asia Pacific president at Dell who has buckets of experience of running high …
Paul Kunert, 11 Jul 2016
OSNEXUS_QuantaStor_license_manager_screen

OSNEXUS: Storage upstart that funded itself before gaining angel wings

Take one ambitious Citrix engineering director who wanted to start his own storage company, sprinkle in $2m of angel funding and seven years later you find a IBM SoftLayer-blessed 20-person startup competing with DataCore. Nexenta and $100m+ funding, and other VC-backed software-defined storage vendors. How did that happen? …
Chris Mellor, 06 Jul 2016

Seagate axing 1,600 staff amid PC sales slump

Seagate is flinging about three per cent of the workforce overboard to cut its cloth to match crappy PCs sales. The drive maker lodged a filing with the US Securities and Exchange Commission last night that stated a restructuring plan had been approved to “reduce its cost structure”. “The plan includes reducing the company’s …
Paul Kunert, 30 Jun 2016
Speedometer by Nathan E Photography, Flickr under CC2.0

Seagate to cut 1,600 jobs

Disk drive maker Seagate is spinning out 1,600 staff, three per cent of its head count, as it looks to save £100m a year. The company had 46,673 employees at the end of May, down from 53,062 a year ago. The layoffs should be finished by the end of 2016. Seagate is lowering its disk drive manufacturing capacity in the face of …
Chris Mellor, 30 Jun 2016

We have hit peak Silicon Valley: New crazy goal to disrupt entire cities

Comment Ever wondered what would happen if you gave that stoner dude with the far-out ideas millions of dollars? Well, wonder no more, because like some bad 1980s comedy, we have startup funder Y Combinator's new research arm, YC Research – a venture with reportedly $100m to waste on hare-brained schemes. Just before the weekend, the …
Kieren McCarthy, 27 Jun 2016
Boy with a backpack hides his eyes and cries. Pic by Shutterstock

I want to learn about gamification but all I see is same-ification

Something for the Weekend, Sir? “You don’t know you’re born,” they would say to me during my first holiday job. “You don’t know you’re a sad, blubber-arsed freeloader coasting towards retirement,” I’d reply… in my head, of course. Out loud, I would complain that they were being unfair, and I would be slapped down with that most frustrating of clichés “Life’ …
Alistair Dabbs, 24 Jun 2016
Ireland and Great Britain map, image via Shutterstock

Three non-obvious reasons to Vote Leave on the 23rd

Comment I'm just about old enough to remember the 1975 Europe referendum. Old enough to remember leaflets thudding onto the doormat (for every 'NO', there were three for ‘YES’). Most vividly of all I remember my father and our Austrian GP, who lived a few doors down in Teesside, discussing the EEC as he walked his dog past our house. …
Andrew Orlowski, 22 Jun 2016

TAFE's troubled TITSUP tech terminated AT BLOODY LAST

The NSW state government has squibbed in its valiant bid to operate the country's most wasteful IT catastrophe, canning part of a miserably-awful SAP-based enrolment system from the TAFE network after spending over $100m dollars on it. The Learning Management and Business Reform (LMBR) network TITSUP (Total Inability To …
Earth

Punchy SimpliVity wins a Global 50 financial services customer

Hyper-converged systems supplier SimpliVity has won a Global 50 customer, a financial services one. This company has been in existence for more than 100 years. It hopes to reduce its IT total cost of ownership by an astonishing $100m over five years. We don't know who it is but we're thinking it is a financial services …
Chris Mellor, 14 Jun 2016
Michael Dell, photo: Dell

Dell slips into a slimmer red dress after sales diet

Dell had an unremarkable Q1 of fiscal 2017, with its parent Denali Holding Inc today reporting revenues down 2 per cent year on the year to $12.5bn, but greatly reduced operating losses, trimmed 52 per cent from $335m to $161m. The company burned through $63m in cash in the three months ended April 29 but this pointed to " …
Drew Cullen, 10 Jun 2016
Scrambled Eggs from shutterstock

Google Ventures-backed sync-'n'-share firm changes direction. Got your attention?

File sync 'n' share startup Egnyte is starting a move to expand from file management into content intelligence, entering the domain of Commvault and Veritas. Egnyte was founded in 2007 by CEO Vineet Jain, VP Product Management RAjesh Ram, and VP Operations and Chief Security Officer Kris Lahiri. It has amassed $62.5m in …
Chris Mellor, 09 Jun 2016

Engine warning light appears on Uber's $100m driver settlement

Uber's $100m settlement with thousands of its drivers has spun around, mounted the curb and is careering back toward a California courthouse. Following the filing of objections [PDF] from drivers who take issue with terms of the settlement that they say only favors Uber and plaintiff lead attorney Shannon Liss-Riordan, the …
Shaun Nichols, 04 Jun 2016
management strategy1

Chess makes another move, picks up Lanway

Chess has consumed Burnley-based infrastructure reseller Lanway for an undisclosed sum. The deal adds roughly £21m of top line revenues to Chess, certifications from HPE, Dell, and NetApp and roughly 100 heads to the the payroll. Typically, Chess tends to buy specific divisions at companies rather than the entire company …
Paul Kunert, 02 Jun 2016
Michael Dell, photo: Dell

Michael Dell bought his PC biz for a bargain, must get checkbook out for stiffed shareholders

A small number of former shareholders in Dell could be getting a sizable payout after a Delaware court ruled the IT biz was undervalued when it went private. Delaware Vice Chancellor Travis Laster ruled that the fair price for the company's shares at the time it went private was $17.62 per share, 22 per cent more than the $13. …
Iain Thomson, 31 May 2016

Twilio (ask your dev) to IPO

One of Silicon Valley's so-called unicorns is going public. Comms company Twilio has filed IPO paperwork with US financial watchdog the SEC and is looking for $100m. It hasn't released the number of shares it intends to sell however, making it impossible to see how much the San Francisco-based upstart it seeking to value …
Kieren McCarthy, 26 May 2016

Hulk Hogan's sex tape, a Silicon Valley billionaire, and a $10m revenge plot to destroy Gawker

Analysis It's long been feared that satire may be dead. But the proof seems to have arrived in reports that Silicon Valley billionaire Peter Thiel is secretly funding a Hulk Hogan sex-tape legal case against media outlet Gawker as part of a 10-year revenge fantasy for outing him as gay. The Hogan case was already a weird one: he was …
Kieren McCarthy, 25 May 2016
Horse_racing

VCE boss Chad Sakac bets he'll win the hyperconverged market

VCE's new VxRail hyperconverged appliance sold 146 units in its first 44 days on sale and the EMC server unit's new leader Chad Sakac says that impressive start means he's betting the outfit will become the leading hyperconverged systems vendor by the end of 2016. Nutanix is felt to be the revenue leader in the field, having …
Simon Sharwood, 20 May 2016
shutterstock_184661174

Vodafone posts uptick in Europe but UK still a challenge

Communications provider Vodafone posed a 3.5 per cent fall in UK sales to £6.2bn for the full-year 2016, while fourth quarter revenue in Europe grew for the first time in five years. Group revenue for the biz decreased three per cent to £41bn for the full-year 2016, while earnings before interest, taxes, depreciation and …
Kat Hall, 17 May 2016
money_987_648

Dell records $100m loss

Denali Holdings, the company that owns Dell, has published preliminary results for the three months ended April 29, 2016, disclosing a loss of US$100m. An SEC filing reports revenue of $13.2b, down from the $13.5b recorded during a comparable period in 2015. Last year's loss was also larger, at $300m. The preliminary results …
Simon Sharwood, 17 May 2016
Titanic sinking

Symantec: I know we said things'd get better when we sold Veritas...

Symantec is slipping back into cost-cutting mode just months after the split with storage arm Veritas was supposed to provide the healing balm the business so clearly needed. The standalone security biz wants to carve out savings of $400m via an “efficiency programme” that includes “eliminating stranded costs” from the sale of …
Paul Kunert, 13 May 2016
Northern Ireland nature scene. Photo by Shutterstock.com

Ireland handed another $100m by Silicon Valley for startups' handout

The mad money bags at Silicon Valley Bank (SVB) have announced they will be throwing an additional $100m at Ireland's Strategic Investment Fund, doubling the bank's involvement in the nation's tech sector. SVB pledged its first $100m, to be paid over a five year period, back in 2012. While not notably different from most …

Google-backed Yieldify has acquired IP from ‘world’s biggest patent troll’

Yieldify, the Google Ventures-backed startup accused of stealing code from British adtech company Bounce Exchange, has been making some unusual friends. Yieldify has acquired an ancient web patent from III Holdings which was first filed in 2007. III Holdings is better known as Inside Intellectual Ventures, co-founded by Nathan …
Andrew Orlowski, 06 May 2016
top of the bt tower

BT to splash £550m integrating EE. Firm shrugs: Cheap!

BT's £12.5bn gobble of EE will cost the business £550m in integration costs - according to the company's full-year financial results which were given a significant boost thanks to the acquisition. For its full-year results for 2016, revenue increased six per cent to £18.9bn, with profits up 15 per cent to £3bn. Revenue for the …
Kat Hall, 05 May 2016