Articles about 1m

Barton aqueduct mid swing, photo Alun Taylor

Avoiding Liverpool was the aim: All aboard the world's ONLY moving aqueduct

Geek's Guide to Britain There are several fine examples of Victorian engineering still working in Blighty. Tower Bridge in London is one of my personal favourites. I was surprised to discover that another was on my doorstep. Well, 4.34km (2.7 miles) from my doorstep to be more accurate. The Grade II-listed Barton Swing Aqueduct in Salford was built …
Alun Taylor, 28 Jul 2016

Couple in the cooler for sucking $1m out of Uncle Sam via IRS 'Get Transcript' scam

Two people have been jailed for their involvement in a scam that exploited the US IRS "Get Transcript" website to defraud the American government. A couple from Austell, Georgia, laundered more than $1m as part of a larger swindle that abused weaknesses in the taxmen's website to get the personal data needed to file fraudulent …
Shaun Nichols, 27 Jul 2016
Comically sad tearful man doing fake-looking wail of despair. Photo by Shutterstock

Boo hoo. Brexit to hit Capita's bottom line

Outsourcing giant Capita has hinted that the UK's decision to leave the EU will have an impact on its bottom line, while recording a sales increase of 5 per cent to £2.4bn for its first half-year results. Profit before tax rose by 27 per cent to £186.1m, compared with the same period in 2015. Andy Parker, chief exec of Capita …
Kat Hall, 27 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 …
dollar_graph_648

Commvault's growing, even if profits dipped into losses this quarter

Commvault has sustained its recovery for a third quarter although it has recorded a loss after a much smaller income tax benefit was applied than a year ago. The first fiscal 2017 quarter saw a 9.6 per cent rise in Commvault's revenues to $152.4m: they were $139.1m a year ago, and $159.6m in the seasonally higher preceding …
Chris Mellor, 26 Jul 2016
Fibre, image via Shutterstock

Not-BT-Openreach' biz CityFibre sextuples pipeline

Cable-layer CityFibre has booked a six-fold increase in contracts during its first half of 2016, with £53.8m in the pipeline compared with £8.1m for the same period last year. New contracts signed in the period comprise 3,702 new customers, more than three times the total amount on the books in 2015 (1,110), and more than …
Kat Hall, 25 Jul 2016
Shouting match

XtremIO heading for the bin? Total BS, thunders CTO Itzik Reich

Storage industry jungle drums heard by El Reg suggest EMC is axing XtremIO product line development and putting it into maintenance mode due to scalability and data availability issues. EMC vehemently denies this, saying it's absolute FUD. Three independent sources say XtremIO is headed for a maintenance-only retirement home …
Chris Mellor, 21 Jul 2016

Big Blue's boxes: No IBM storage numbers, but it's a drop

+Comment The storage hardware portion of IBM's quarterly revenues continued its long-term decline, with a 13 per cent annual drop. It's a nice welcome for incoming storage boss Ed Walsh with the storage hardware decline glaringly obvious. We don't know the storage software numbers within IBM's systems segment, and nor do we know …
Chris Mellor, 19 Jul 2016

For $800 you can buy internet engineers' answer to US government spying

The long-awaited response from internet engineers to Edward Snowden's revelations of mass surveillance by the US government has been launched in Berlin. The CrypTech project launched an alpha prototype of its open-source crypto-vault at the 96th meeting of the Internet Engineering Task Force (IETF), and held a two-day workshop …
Kieren McCarthy, 18 Jul 2016
Twiki

White hat hacker AI bots prepare for DARPA's DEF CON cyber brawl

The research wing of the US military has picked the seven teams who will compete to build machine-learning software that can find and patch bugs automatically to fend off hackers. The DARPA Cyber Grand Challenge will be held at the DEF CON hacking conference next month. The agency has put up $2m in prize money in the unlikely …
Iain Thomson, 13 Jul 2016
Ben Mezrich, Once Upon a Time in Russia: The Rise of the Oligarchs and the Greatest Wealth in History

Russian gang who exploited hacked bank accounts jailed

Five members of an international money-laundering gang based in London have been jailed after cops unravelled their malware-enabled conspiracy. The gang, composed exclusively of Russian nationals, was led by a pair of men who were both named Aslan. Aslan Abazov, 30, of Cromwell Road, London SW7,was sentenced to seven years …
http://www.shutterstock.com/pic-206007979/stock-photo-female-student-using-mobile-phone-in-classroom.html?src=QwV6NI1PxgBasokGhlmPQA-1-27

Student Loans Company burns £50 million in IT project superfail

Exclusive The UK's Student Loans Company has wasted £50m on a canned IT transformation project, designed to provide a “digital by default” system to cope with a major increase in student numbers. The programme was launched in 2013 in conjunction with the Government Digital Service and was intended to be a "robust and agile customer- …
Kat Hall, 13 Jul 2016
Pic: Shutterstock

Meet Riffle, the next-gen anonymity network that hopes to trounce Tor

Next week, top eggheads will unveil a new anonymizing internet tool that they claim is snoop-proof and faster and more reliable against attack than Tor. Dubbed Riffle, the system was developed by MIT and the École Polytechnique Fédérale de Lausanne in Switzerland. It uses the same onion-encryption system as Tor, which wraps …
Iain Thomson, 13 Jul 2016
Laptop leaning against a stack of news papers in front of a world map illustration

£1m for music royalty chief

The chief of the monopoly music royalties society PRS for Music earned almost £1m last year. Company house filings show that CEO Robert Ashcroft took home a salary of £989,000, up from £765,000. The remuneration package includes a deferred bonus of £257,000, according to Companies House filings. That means the chief has almost …
Andrew Orlowski, 12 Jul 2016

Infosec bods NCC walk away from the domain services biz

UK-based infosec consultancy NCC Group is withdrawing from the domain services biz while retaining domain security capability. The tactical switch was announced as NCC reported revenues up 56 per cent to £209.1m in the 12 months to 31 May 2016, compared to £133.7m in its previous financial year. NCC’s adjusted pre-tax profits …
John Leyden, 07 Jul 2016
Daisywheel with Courier font

WD expects good quarter

Western Digital Corp (WDC) expects revenues of $3.46bn in the just-closed quarter, instead of the forecast $3.35bn - $3.45bn range – $3.4bn at the mid-point. This is its fourth fiscal 2016 quarter and the first with SanDisk results included. CFO Olivier Leonetti is leaving on September 1, with chief strategy officer and EVP …
Chris Mellor, 07 Jul 2016
Man holding money

Tech upstarts to pocket up to $5m from crowd-fund suckers, er backers

A pair of newly passed bills in the US Congress will increase the amount of money tech startups can raise to cover their early expenses. The Fix Crowdfunding Act (HR 4855) and the Supporting America's Investors Act (HR 4854) will raise the limits on money that companies can gather through crowdsourcing and venture capital …
Shaun Nichols, 06 Jul 2016
Lauri Love. Pic: Courage Foundation

Here's how police arrested Lauri Love – and what happened next

Feature Lauri Love was arrested on suspicion of offences under the Computer Misuse Act 1990 early in the evening of 25 October 2013, when a National Crime Agency officer wearing dungarees and posing as a UPS courier told Love's mother that Lauri himself had to come to the porch to collect his delivery. In his dressing gown and pyjamas …
Wind turbine, image via Shutterstock

Can Ireland's grid green satisfy Facebook and Apple?

When Facebook in January became the latest big-tech name to join Ireland’s roll call of data centre operators, its chief broke out the green flag – renewables. At the announcement in County Meath, company chief executive Mark Zuckerberg boasted the planned new facility would be “one of the most advanced and energy efficient …
Billy MacInnes, 01 Jul 2016

Google hires black man

Google's parent company Alphabet has added finance specialist Roger Ferguson to its board. Ferguson is the CEO of insurance company TIAA and was a former vice chair of the Federal Reserve. He will also be the company's first black man on the board: something that shouldn't be news but is given Silicon Valley's overwhelming …
Kieren McCarthy, 29 Jun 2016

ICO slapped data blabbers with £2m in fines last year

The Information Commissioner's Office doubled the amount of fines it dished out to organisations in breach of data protection rules last year, issuing £2m in penalties, according to its annual report. The hike in fines was mainly due to changes in the rules on nuisance marketing. For the previous year 2014/15, the commission …
Kat Hall, 28 Jun 2016

Big Pharma's trying to kill us, says man with literally millions to lose

Despite having lost its biggest customer, being forced to invalidate thousands of test results, being placed under investigation by the US government for fraud, facing sanctions, having had a testing facility shut down, and having had its CEO's worth cut from $4.5bn to $0, "nothing's gone wrong with Theranos." At least that's …
Kieren McCarthy, 27 Jun 2016
Jump for joy. Pic: Kate Palana

Intrinsic: We have no CEO. Otherwise everything is tickety-boo

Cisco Gold partner Intrinsic Technology has confirmed it is CEO-less - which Reg readers already knew - but that all is OK, everything is working out as planned. Honestly. As revealed by us this week, the Merseyside-based reseller has burned through four leaders in five years with the latest departure – Mark Bates – having …
Paul Kunert, 23 Jun 2016
Business people move through revolving door. Photo via Shutterstock

Count 'em and weep: Intrinsic looking for fifth CEO in five years

The high office revolving doors at Intrinsic Technology are clearly still swinging - the company is on the hunt for its fifth CEO in five years after attempts to find a buyer ended unsuccessfully. Top dog Mark Bates has left the organisation after two years in charge and been replaced on an acting basis by non-exec chairman …
Paul Kunert, 21 Jun 2016
Bare knuckle fight, photo via Shutterstock

Netflix picks fight with internet exchange industry

The internet exchange industry is ripping customers off, charging too much for features people don't need, and spending millions on staff salaries, unnecessary marketing and social events. That's according to the vice president of network strategy and architecture for Netflix, David Temkin, who created a stir at a meeting of …
Kieren McCarthy, 20 Jun 2016

Outsourcery sold after Dragon runs out of puff

Something positive was salvaged from the crash at cloud biz Outsourcery - 100 employees have transferred with the business in a pre-pack sale to new owners GCI Network Solutions. The loss-making company ran into cash flow shortages on multiple occasions, most recently in April when principal secured lender Vodafone stepped in …
Paul Kunert, 17 Jun 2016

One entire US spook base: Yours for $1m+

Those readers with a few bucks to spare and who fancy owning an entire US base with a decidedly spooky history should proceed directly here for the opportunity to bid on Sugar Grove Station in West Virginia. The facility once served nearby antennas forming part of ECHELON, and although the eavesdropping kit isn't included in …
Lester Haines, 09 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

Woah: NetApp is number two in the all-flash market, says IDC

NetApp is now second in the all-flash array market, according to IDC numbers we have been given. The numbers are for vendor revenues and the first quarter of 2016. The figures show NetApp having $181.1m revenues and a 22.8 per cent share, second to EMC’s $245.6m and 30.9 per cent share. It grew its all-flash business 238 per …
Chris Mellor, 08 Jun 2016

Dragons' Den-run cloud biz Outsourcery close to sale – sources

Cash-strapped AIM-listed infrastructure services biz Outsourcery – co-run by former Dragons' Den badass Piers Linney – is close to wrapping up a pre-pack administration, multiple sources have told The Register. Trading in the firm's shares was suspended on Friday after top brass postponed publication of last year's results and …
Paul Kunert, 07 Jun 2016

SCC blows up tech sevices balloon, fiscal '16 profits swell

‘Thank god for our IT services biz’ might be the general sentiment expressed by top brass at SCC after another year when the shelf life for firms reselling hardware and software got a little shorter. Services might not be coming good for all IT vendors - for that see the gloom at some of the majors - but they accounted for the …
Paul Kunert, 06 Jun 2016
stack of newspapers view from the side

WDC CEO buys $1m shares

Stephen Milligan, WDC’s CEO has bought 22,500 WDC shares for $1,024,425. Stifel Nicolaus analyst Aaron Rakers notes this is Steve Milligan’s first open market purchase and the first open market purchase by any key Western Digital executive since at least 2008. There’s confidence in the firm’s strategy for you. ® stack of …
Chris Mellor, 06 Jun 2016

Outsourcery: We've had offers for our assets (and, er, shareholders might get nothing)

Investors in beleaguered cloud biz Outsourcery may well take a bath after the company confirmed it is in talks with suitors who made offers for its assets that will leave them little or no return. The Manchester-based biz, set up by former Dragon Den's luvvie Piers Linney, revealed in April it was again running out of cash and …
Paul Kunert, 03 Jun 2016
Roughly 150kg of gold

Nutanix goes cap in hand to Goldman Sachs for $75m loan

Hyper-converged startup and IPO wannabe Nutanix finds itself in hock for $75m to Goldman Sachs after it was forced to take out a loan because its fund-raising IPO was delayed. An amendment to its S1 SEC filing says that Nutanix has borrowed $75m from Goldman Sachs, its IPO advisor: “ In April 2016, we issued an aggregate …
Chris Mellor, 01 Jun 2016

Foxconn to slurp loss-making Smart Technologies for $200m

Loss-making interactive display vendor Smart Technologies has agreed to sell up to Foxconn for $200m. Under the terms of the deal, the Chinese contract manufacturer will fork out $4.50 per Smart Tech share, equating to a 21 per cent premium on the average trading price in the last 90 days. The buy gives Smart access to a “ …
Paul Kunert, 27 May 2016

Stone me! Pebble bags $7m

Pebble has raised $7m to develop two new versions of its smartwatch and a fitness tracker. The biz that created a mass market for smartwatches back in 2013 with a Kickstarter appeal has returned to the site to create the Pebble 2, Time 2 and Pebble Core – and found immediate backing. The biggest change in the new watches will …
Kieren McCarthy, 25 May 2016

Blighty's Virgin Queen threatened with foreign abduction

Royal Museums Greenwich has launched an appeal to save for the nation a fine reminder of when England's dealings with Europe involved not referendums but hostile navies at the receiving end of righteous storm and cannon fire. The Armada Portrait of Elizabeth I. Pic: Royal Museums Greenwich A reminder of the good old days ( …
Lester Haines, 23 May 2016
whitehall_648

Business dept sinks £14m into canned shared services plan

The department for Business, Innovation and Skills has sunk £14m in consolidating its legacy kit as part of a cross-government shared services plan that it later pulled out of. According to an FOI response, BIS invested £13.9m during the first phase of consolidating back office services for the department and 13 public bodies …
Kat Hall, 23 May 2016
A group of people hold out mobile phones in a circle. Photo by Shutterstock

World goes SIM-free, leaving Sony and HTC trailing behind

One-third of phones worldwide are now sold SIM-free, Gartner reports today in its latest quarterly smartphone market numbers. The move to SIM-free online sales has benefited Chinese upstarts and left former favourites like Sony and HTC in the dust, analyst Anshul Gupta told us. “They haven’t changed at all, while the market …
Andrew Orlowski, 19 May 2016

SEC warns cybersecurity is biggest threat to financial system

The chair of the US Securities and Exchange Commission (SEC), Mary Jo White, has warned that the biggest risk the financial system faces is cybersecurity. Speaking at the Financial Regulation Summit in Washington DC, White warned the industry that their policies and procedures were not up to scratch and without them they faced …
Kieren McCarthy, 18 May 2016
arlington_cemetery_648

The PC is dead. Gartner wishes you luck, vendors

The PC market is doomed. We know this. You know this. Gartner knows this, but it reckons vendors can bleed out a few more pennies if they start selling high-end rigs for gamers. "PCs are no longer the first or only devices users are choosing for internet access," said Meike Escherich, principal research analyst at Gartner. …
Aligator eating a crab

US giant Ingram Micro snaps up little Brit Comms-care

Tech distributor Ingram Micro has snapped up UK channel services minnow Comms-care for an undisclosed sum. Comms-care sells maintenance services to resellers that can't provide services themselves. It has has 225 staff and 850 channel partners. For the full year ended 2015, Comms-care posted a revenue increase of 33 per cent …
Kat Hall, 18 May 2016
Phone thief, photo via Shutterstock

Catz: Google's Android hurt Oracle's Java business

Google’s free distribution of Android damaged Oracle’s business – according to Oracle. The database giant reportedly told a US federal court that giving Android to handset makers for free destroyed the revenue it could have made on licensing Java. Oracle's co-chief executive Safra Catz reportedly told a San Francisco jury …
Gavin Clarke, 18 May 2016
£10 notes. Pic: Howard Lake

Mega UK distributor DCC Tech: 2016 was our annus horribilis

The once seemingly unstoppable distribution juggernaut DCC Technology hit some unmovable barriers in fiscal ’16 caused by slumping tab and smartphone sales and the loss of a retail gig. The parent of UK trading arm Exertis admitted today it had endured a "very difficult year". The LSE listed firm still managed to bump up …
Paul Kunert, 17 May 2016
By Bob Bob - https://flic.kr/p/914kty

Manchester cops to strap on 3K bodycams

Just a few days after a counter-terrorism incident which involved precisely zero terrorists, Greater Manchester Police (GMP) has started to deploy 3,000 body-worn video (BWV) cameras to its coppers. After enabling the evacuation of 75,000-seater Old Trafford on the final day of the Premier League, for what turned out to be a …
Taylor Swift

Inter-bank system SWIFT on security? User manual needs 'revamp’

Updated Inter-banking messaging systems SWIFT’s security guidelines are "outdated and incomplete". The criticism from security vendor Skyport Systems comes days after SWIFT revealed that a second bank had fallen victim to credential theft fraud, creating yet further concern already fuelled by February’s $81m Bangladesh reserve bank …
John Leyden, 16 May 2016
4 arrows signs in arrow on wooden wall

Acer made less than £1m profits in Q1 as forex rates bit hard

Ailing Acer – one of the PC makers considered at risk of vendor consolidation – has made an inauspicious start to calendar year 2016 as sales and profits tumbled. The Taiwanese business today reported revenues of NT$56.32bn (£1.19bn) for the three months ended 31 March, down 17.1 per cent on the prior year’s stats. It didn’t …
Paul Kunert, 12 May 2016
HBO: Game of Thrones

The Quantum of Solace: You've still got tape. Don't forget that

Quantum’s latest results show that scale-out storage is still not growing fast enough to outweigh declining tape storage revenues – and Quantum is still a shrinking business. Let’s do the annual numbers to show the big picture first. Revenues for the full fiscal 2016 year, ended 31 March, were $475.9m, down 14 per cent year- …
Chris Mellor, 11 May 2016
Stanley Kubrick's The Shining

Imation's losses deepen 500%. CEO says things are 'successful'

+Comment About turn! You never lack for excitement with Imation, which has turned the previous quarter’s $94m in revenues and near $10m in losses into this quarter’s $10.7m revenues and $91.1m losses. Oy vey, where did the money go? Let’s try and sort this amazing black hole of red ink – excuse the tortured metaphors – into some kind …
Chris Mellor, 11 May 2016

Valley VC Peter Thiel becomes an official Trump delegate

Paypal co-founder, Facebook investor, dope-loving Silicon Valley VC Peter Thiel is an official Trump delegate for California. The bombastic billionaire (Trump that is) released the delegate list [PDF] for California this week and alongside politicians like House majority leader Kevin McCarthy (R-CA) and Representative Darrell …
Kieren McCarthy, 10 May 2016