Articles about 1m

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WANdisco stuffs IBM-boosted deal cash wads into its flared trouser pockets

WANdisco's OEM selling deal with IBM has brought home the Big Blue bacon with total bookings up 72 per cent year-on-year to $15.5m. The UK provider of Fusion replication software says it has enjoyed a business and revenue boost since IBM's sales force started selling its product to help enterprise customers send transactional …
Chris Mellor, 17 Jan 2017
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Jeremy Hunt pockets £14m through sale of course search website

Health Secretary Jeremy Hunt has become one of the UK's richest politicians following the sale of his business which runs course-listing websites. London-based Hotcourses, in which Hunt has a 48 per cent stake, provides marketing services for universities, and course comparison sites for potential students. It today announced …

Canada fines Amazon seven hours of profit for false advertising

Canada's Competition Bureau has administered what it thinks is a stinging fine for Amazon, but it's unlikely that CEO Jeff Bezos will be losing much sleep over it. The bureau ruled that Amazon was misleading Canucks by comparing its prices with a so-called list price to illustrate what savings could be had. But the list price …
Iain Thomson, 13 Jan 2017
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Big tech's grip loosens on UK.gov IT spend

UK government IT spending is still dominated by a few big suppliers – but they are losing some of their grip, according to publicly released data and Freedom of Information responses covering five of the biggest-spending organisations. Last year, the Cabinet Office said the three biggest IT suppliers across central government …
SA Mathieson, 13 Jan 2017

iPhone hacking biz Cellebrite hacked

The Israeli company that found fame when it was fingered as a potential source of hacking software used by the FBI to crack open an iPhone has itself been hacked. In a statement on its website, Cellebrite today admitted that an "external web server" containing the company's license management system had been accessed by an …
Kieren McCarthy, 12 Jan 2017
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Tell us about that $1m horse, Mr Samsung: Bribery probe slips deep into South Korean giant

The heir-apparent of Samsung has been pulled into the bribery scandal that sparked the impeachment of South Korea's president. Lee Jae-yong has been ordered by special prosecutors to answer questions about the enormous donations made by Samsung to a number of foundations run by a close associate of President Park Geun-hye, …
Kieren McCarthy, 11 Jan 2017

That's the way the Cook, he stumbles: Apple CEO pay cut as sales tank

Peak Apple With Apple revenues down, and the normally docile tech press finally turning on the iPhone maker, top executives at the Cupertino giant – including CEO Tim Cook – took a pay cut in 2016. In its annual filing with the SEC, Apple Inc reported that its CEO was hit with a 15 per cent pay cut last year. Steve Jobs' protege logged …
Shaun Nichols, 06 Jan 2017
Lady eating a sandwich checking her mobile phone

CloudByte chews on Elastistor, sinks teeth into OpenEBS

Analysis Startup CloudByte is having a substantial exec and strategy makeover as it embraces an open source approach to containerised storage. We came across CloudByte just over a year ago when it popped up with its ElastiStor software running on OEM’d SanDisk (now WD) InfiniFlash hardware, the box with a bunch of flash inside it. …
Chris Mellor, 05 Jan 2017

US cops seek Amazon Echo data for murder inquiry

Amazon has resisted a warrant to release information to US police seeking data from its Echo device, in order to gather evidence on a murder investigation. The device is owned by James Andrew Bates from Arkansas, who is accused of strangling his friend Victor Collins, who was found dead in a bath at the suspect’s home in …
Kat Hall, 28 Dec 2016
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WANdisco scores $1m self-driving car deal under back-from-the-dead CEO

Replication vendor WANDisco has won a million-dollar deal with a car manufacturer, vindicating CEO Dave Richard’s reinstatement. Earlier this year Richards was ousted as CEO in a coup orchestrated by ex-WANdisco chairman Paul Walker. Walker was then ousted himself seven days later, in a fightback by leading investors and Dave …
Chris Mellor, 21 Dec 2016

Kingpin in $1m global bank malware ring gets five years in chokey

A villain at the heart of an organized crime network that stole £840k ($1m) from victims' online bank accounts has been jailed. Tomasz Skowron, 29, of Meredith Road, Worthing, England, was sent down for five years and three months on Monday at Croydon Crown Court, after pleading guilty to conspiracy to defraud, fraud, and …
THistle, the national flower of scotland, being bothered by a bee. Photo by Shutterstock

HMRC IT cockup misses nearly 1m Scottish taxpayers for devo PAYE letters

Plans to raise income tax paid by Scottish earners have got off to a rocky start, after a database scan failed to identify 420,000 people who should be paying tax. The UK's National Audit Office found that a selection error meant that HMRC overlooked nearly one million residents in Scotland whose addresses were not already …
Kat Hall, 20 Dec 2016
A British Army Watchkeeper drone lands at Parc Aberporth. Crown copyright

Poor software design led to second £1m Army spy drone crash

An Army Watchkeeper drone flown by the Royal Artillery crashed on landing after its crew selected the self-flying craft’s “master override” function, according to the official report into the accident. Thales Watchkeeper drone WK006 flopped into the runway at Boscombe Down airfield in November 2015 when its two-man crew, …
Gareth Corfield, 15 Dec 2016
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MSP Redcentric: Our financial errors are WORSE than we thought

The extent of the financial mismanagement at London-listed managed services outfit Redcentric were outlined today, and they are way worse than the company signalled when the mistakes were first found. The business admitted last month that it has it had made multi-year accounting errors that meant it overstated net assets by at …
Paul Kunert, 14 Dec 2016

Beancounter nicks $5m from bosses, blows $1m on fantasy babe Kate Upton's mobe game

A California chap says he blew $1m in money stolen from his employer on Game of War, a freemium phone game fronted by swimsuit model Kate Upton. Kevin Lee Co, of Rocklin, has pleaded guilty [PDF] to one count each of wire fraud and money laundering, and admitted to stealing roughly $4.8m from his employer through charges to …
Shaun Nichols, 12 Dec 2016
HMS Illustrious. Crown copyright/MoD

HMS Illustrious sets sail for scrapyard after last-ditch bid fails

Updated Venerable aircraft carrier HMS Illustrious leaves Britain today on her final journey to a Turkish scrapyard, despite efforts to preserve her for the nation as a museum ship. Affectionately known as "Lusty", the Invincible-class carrier – initially designated a "through-deck cruiser" when she was ordered, to get past …
Gareth Corfield, 07 Dec 2016
Mail rail Royal Mail courtesy of The British Postal Museum and Archive

Going underground: The Royal Mail's great London train squeeze

Geek's Guide to Britain For the last 13 years, a tiny train tunnel running through the centre of London has remained empty and unused, maintained by just four engineers. But these engineers don’t work for Transport for London or Network Rail – they work for the Royal Mail. The small gauge tunnel, running for 10.46km (6.5 miles) from Paddington to …
Apple Watch Sport

Apple Watch sales go over a cliff: Down 2.8 meellion per quarter in a year

Apple's Watch range sold 1.1m units in 2016's third quarter, a stunning 2.9m fewer than the same quarter in 2015. The dip means Apple's share of the wearables market dipped from 17.5 per cent to 4.9 per cent in a year, representing -71 per cent growth according to abacus-twirler IDC's new Worldwide Quarterly Wearable Device …
Simon Sharwood, 06 Dec 2016
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Post-IPO Pure doing all right, says NVMe is the new flash

Pure Storage all-flash arrays continue to rise, with revenues up 50 per cent year-on-year in Pure's third fiscal 2017 quarter. Pure beat Wall Street estimates, and says it has achieved a near $800m run rate. It must be hoping for similar growth in its current quarter and, by its own reckoning, it could be a billion dollar a …
Chris Mellor, 01 Dec 2016

'Mirai bots' cyber-blitz 1m German broadband routers – and your ISP could be next

A widespread attack on the maintenance interfaces of broadband routers over the weekend has affected the telephony, television, and internet service of about 900,000 Deutsche Telekom customers in Germany. The German Federal Office for Information Security (BSI) issued a statement indicating that the cyber-assault, which was …
Thomas Claburn, 28 Nov 2016
Skeptical hipster. photo by shutterstock

Big Music goes mad for chat bots and AI

The BPI has embraced the post-human era, with a report of the use of AI in music by consultancy MusicAlly. “AI is enabling the creation of hyper-personalised playlists using contextual data and deep analysis of the relationship between songs, while artists and labels are now using chatbots to engage fan-bases in campaigns,” we …
Andrew Orlowski, 24 Nov 2016

Adobe fined a whole million dollars for 2013 mega-breach

Fifteen of the United States of America have flogged Adobe with warm, wet, lettuce for its 2013 mega-breach that saw 38 million credentials leaked. North Carolina attorney general Roy Cooper says his State, plus 14 others*, have agreed that Adobe should hand over one million US dollars to compensate the 552,000 punters whose …
Simon Sharwood, 16 Nov 2016
Samsung Z1

Samsung sets fire to $9m by throwing it at Tizen devs

Samsung will throw US$9m at developers willing to have a go at making apps for smartphones running Tizen. Tizen is now a Linux Foundation project, so enjoys independent oversight and is free to adopt. But that's not helped it to catch on in the smartphone market: Samsung offers a handful of models but hasn't taken them far …
Simon Sharwood, 15 Nov 2016
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UK.gov has 18,000 IT contractors on its books due to dearth of skills

The government currently employs 18,000 digital contractors and 12,000 "in-house" tech folk, according to a leaked draft outline of the Government Digital Transformation Strategy seen by The Register. A lack of digital skills in government has repeatedly been named as the main obstacle against digital transformation. Billions …
Kat Hall, 14 Nov 2016

Green shoot at Imation as Nexsan revenues revive

Shrunken Imation's revenues have started edging ahead in its third 2016 quarter as pared-back Nexsan grows, but losses continue. Revenues were $11.5m compared with Nexsan revenues of $14.5m a year ago, a 20.1 per cent fall. However they were 8.5 per cent higher than the second quarter's $10.6m. There was a net loss of $7.1m, …
Chris Mellor, 09 Nov 2016

Virgin goes 4G with zero-rated Facebook and WhatsApp

Virgin Mobile has finally upgraded its network to 4G – with an eye-catching deal: Facebook and WhatsApp data usage won't count against your monthly data bundle, a practice known as zero rating. With zero rating, no money changes hands between the network and the service, and in the USA, the practice has proved hugely popular. …
Andrew Orlowski, 07 Nov 2016
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

CSC shows first growth in two years... after ploughing half a billion into takeovers

Sales at outsourcing and integrator basket case CSC are growing again – all it took was hundreds of millions of pounds worth of acquisitions. The New York Stock Exchange-listed outfit reported revenue of $1.87bn for the three months ending 30 September – its Q2 of fiscal 2017. This was up 7.16 per cent on a year ago and the …
Paul Kunert, 04 Nov 2016

A sorry Brexcuse! Systemax blames Brexit for car crash Q3 results

Sickly supplier Systemax has blamed Brexit for its latest car crash financials as losses in the UK mounted in the wake of the EU referendum. The once mighty reseller reported falling year-on-year sales at its European Technology Group (ETG) for Q3 ended September, down 6.3 per cent to $226.5m. Trading output across the region …
Paul Kunert, 01 Nov 2016
Source: Bloomberg

Geohot gone geocold on georides: Comma.ai self-driving car kit cancelled

George "Geohot" Hotz is cancelling his Comma.ai self-driving car project after the US National Highway Traffic Safety Administration (NHTSA) threatened to fine him tens of thousands of dollars over safety concerns. Hotz, who made a name for himself jailbreaking iPhone and PlayStation firmware, had been planning to launch Comma …
Shaun Nichols, 28 Oct 2016
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In its current state, Ubiquiti's EdgeSwitch won't have much of an edge on anyone

REVIEW Members of the IT community rave about networking kit vendor Ubiquiti. You'll find praises sung both on Spiceworks and amongst vExperts for their UniFi devices. Unfortunately, my recent purchase of Ubiquiti's latest offering, their EdgeMax EdgeSwitches, has proven that Ubiquiti are also capable of putting out gear that is …
Trevor Pott, 27 Oct 2016
Bob_Hammer

Hammer hopes to nail software-defined future for Commvault

Commvault has software-defined storage and business process automation in its future, as it announces a $600,000 net loss on revenues of $156.3m in its latest quarter. The firm is hoping this sets it up for a sustained turnaround. This was the second quarter in its fiscal 2017, and it ended on September 30. The revenues were …
Chris Mellor, 26 Oct 2016
IBM Selectric Golfball

AT&T's spying millions

The Project Hemisphere spying business run by AT&T, which sells customer phone logs to the police, is raking in millions for the telco. Invoices leaked to the Daily Beast show that numerous police forces are handing hundreds of thousands of dollars to AT&T in exchange for the call times, recipients, and locations of caller …
Iain Thomson, 25 Oct 2016
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NetSuite's pre-Oracle curtain call: Growth and costs increase

NetSuite closed in typical fashion what promised to be the final quarter before it is subsumed by Oracle - growth in turnover continued, as did operating overheads and losses. The cloudy ERP firm reported Q3 results for the period ended September, while reiterating it will not give guidance for the fourth quarter and has …
Gavin Clarke, 24 Oct 2016
Image source: RT

Parliamentarians ask Obama to withdraw Lauri Love extradition request

A cross-party collective of 105 UK MPs has penned an open letter to US President Barack Obama, requesting that he intervene to withdraw the extradition requests for alleged #OpLastResort hacker Lauri Love. The letter is been signed by Culture Minister Matt Hancock MP, who is the Love family's constituency MP, as well as scores …
editorial only image of Whitehall. Pic Daniel Gale/Shutterstock

Glued-shut IT wallets hindered UK govt's programmes – study

Efforts by the previous UK government to rein in lavish Whitehall technology spending caused more harm than good in some instances. That's according to a new academic paper, titled Identifying the critical success factors for major government projects that incorporate IT or “digital” developments. It builds upon two …
Kat Hall, 21 Oct 2016
Barracuda_cloud_sea

Barracuda's satisfying cloud meal offsets appliances dip

Barracuda can smile as another solid quarter's work, the appliance of cloud science as we might say, brings in revenue growth and profits. Total revenue for the cloud-using, data protection and security business grew 12 per cent year-over-year to $87.9m, compared to the estimated $81m at the end of the last quarter. Revenues …
Chris Mellor, 13 Oct 2016
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A robot kitchen? Whatever. Are you stupid enough to fall for this?

Are you the sort of gullible idiot with millions of pounds or dollars to splurge on a “robot kitchen”? No, us neither. Hey, when you have a vaporware “startup” offering something like this, what's reality got to do with it? Moley – for that is this startup's name – is punting a robotic kitchen, which it claims can rival …
Gareth Corfield, 13 Oct 2016
AI

The dollars marched in two by two: Huawei tips $1m into Berkeley AI lab

Huawei is handing $1m to the University of California Berkeley’s AI lab to foster a research and development partnership between industry and academia. Berkeley Artificial Intelligence Research (BAIR) Lab will work with the Noah’s Ark Laboratory of Huawei to accelerate research into the main areas of AI, which includes “deep …
Katyanna Quach, 11 Oct 2016
MP Margaret Hodge in the Commons

'Facebook and eBay need to be subject to greater scrutiny' - Margaret Hodge

Former chair of the Public Accounts Committee Margaret Hodge has renewed calls for greater transparency of global companies' tax affairs - following revelations of Facebook and eBay's recent tax affairs. Companies House filings revealed this week that Facebook's UK business generated an £11.3m tax credit last year while …
Kat Hall, 11 Oct 2016
management intelligence

Violin stock low bow

Violin Memory stock dipped to $0.65 yesterday, a 12-month low point, valuing the company at just $14.1m. The firm's market capitalisation was $20.24m on 26 September, $31.3m in early May, and $76.5m in February; a spectacular fall. This is like water running out of a bathtub. Despite announcing that an existing customer had …
Chris Mellor, 11 Oct 2016
The box atop a wooden pallet

Inside the Box thinking: People want software for the public cloud

Analysis On-premises file sync and share and collaboration is yesterday's story. The future is the public cloud with dedicated software service suppliers, like Box. File sync, share and collaboration is not a feature, but a product, best expressed as a service (SaaS) through Box's three data centres and the public cloud, and not …
Chris Mellor, 10 Oct 2016

IBM Watson Xprize is a chance to make AI more open, says prize team

A $5m AI competition aimed at showing “how humans can collaborate with powerful AI technologies to tackle the world's grand challenges” has been launched by IBM Watson under the XPRIZE banner. IBM Watson XPRIZE leader Amir Banifatemi hopes to repeat the successes of the previous XPRIZE, a separate competition, with AI. “There …
Katyanna Quach, 07 Oct 2016

FBI wants to unlock another jihadist’s iPhone

The FBI wants to crack into another deceased terrorist’s locked iPhone. Dahir Adan stabbed 10 people inside a St. Cloud, Minnesota, shopping mall last month before he was shot dead by an off-duty police officer. Daesh (IS) later claimed responsibility for the attack. Adan - like San Bernardino gun attack terrorist Rizwan …
John Leyden, 07 Oct 2016
USA-shaped cloud

OVH decides to Fauquier the cloud in America

French cloud concern OVH has planted its flag in the United States, choosing Fauquier County, Virginia, as its headquarters and the site of its first data centre in the nation. OVH's site links straight to Virginia governor Terry McAuliffe's announcement of the deal in which he says the US$47 million project will bring 54 jobs …
Simon Sharwood, 07 Oct 2016
Huawei P8

Premier League Sky card crims ordered to cough up nearly £1m

Two fraudsters who supplied fake Premier League football broadcast viewing cards to pubs and betting shops have been ordered by a court to stump up nearly £1m. Simon Hopkins, 48, and Leon Passlow, 59, were jailed for 42 months last August after pleading guilty to conspiracy to commit fraud. The two ran a firm called Digicam …
Gareth Corfield, 04 Oct 2016
SAN DIEGO COMIC CON: July 20, 2016. A lifelike replica of Bryan Cranston's Breaking Bad character Walter White on display at the annual pop culture and comic book convention in San Diego, California. photo by Lauren Elizabeth/Shutteretsock - EDITORIAL USE ONLY AND MUST ATTRIBUTE AND LINK

Building your own storage startup: Whatever you do, don't let lead dev be CEO

Part Two You like the idea of “doing” a startup, but what about actually starting a startup? You can see the end point - success, hopefully - but what of the hoops and hurdles? In part one, I looked at funding, executives and staff. But now you’ve got the money and the people, what happens next? What about team composition and product …
Trevor Pott, 03 Oct 2016
head of 50s-style robot

Amazon: Students, we'll give you $2.5m for a chat-up, AI?

Amazon is offering teams of university students the chance to claim their share of a $2.5m prize for developing the best “socialbot” capable of holding a natural language conversation. The Alexa Prize, detailed by Amazon chief technology officer Werner Vogels on his personal blog, will see university teams slug it out in a …
Dan Robinson, 30 Sep 2016
NHS hosptial photo, by Marbury via Shutterstock

Scrapped NHS care.data ballsup cost taxpayer almost £8m

Exclusive NHS England spent nearly £8m on its controversial care.data programme before scrapping it earlier this year, El Reg can reveal. The publicly hated programme was beset by delays and was criticised by both doctors and privacy campaigners about the haphazard way it would share sensitive medical data of citizens with commercial …
Sooraj Shah, 27 Sep 2016

Oracle execs get that shrinking feeling

It still pays to run Oracle, just not as much as it used to - top executives’ packages shrank by double digits in fiscal ’16 as the software titan continued to desperately seek out cloud business. Company co-founder Larry Ellison, who these days also carries the CTO and exec chairman titles, received $41.5m in total for the 12 …
Paul Kunert, 24 Sep 2016
Red Hard Hat photo via Shutterstock

Big biz happy to whip out credit cards for pay-as-you-go – Red Hat

Analysis Linux and open-source cloud supremo Red Hat is looking at adapting its licensing to please enterprise customers who want greater flexibility in the way they pay for software and services, including a possible pay-as-you-go model. The move was mooted by chief executive Jim Whitehurst during a conference call for Red Hat’s Q2 …
Dan Robinson, 22 Sep 2016