Articles about 2m

NHS quango fatcats spend £2m tax dosh on iPads and iPhones

Government health chiefs have admitted to spending millions of pounds furnishing bureaucrats with Apple iPhones and fondleslabs. Taxpayers forked out more than £2m to buy iThings for the staff of NHS non-departmental public bodies, which are arms-length government organisations more commonly known as quangos. Dr Daniel Poulter …
Jasper Hamill, 30 Oct 2014

Moshi Monsters' daddy Mind Candy: Falling sales, £2.2m loss...

Profits at Shoreditch darling Mandy Candy plunged into the red in 2013, with the company recording a £2.2m loss for the full-year 2013, compared with profits of £8m for 2012. During the same period revenue at the company - which has brought the world kiddy virtual-playland Moshi Monsters - fell by more than one-third to £22.19m …
Kat Hall, 14 Nov 2014

Trustmarque: £2m profits evaporated after accounting change

A change in revenue recognition wiped £2m off Trustmarque’s profits according to the firm’s strategic and financial report, which also provides more details on its near-collapse and subsequent sale to Liberata. As revealed, the York-based enterprise software licensing biz ran into cash flow difficulties last month after changing …
Paul Kunert, 09 Oct 2014
Slick looking picture of  xiaomi's Mi3 Android smartphone

Xiaomi's birthday present to itself: Flogging 2m phones in 12 hours

Cult phone maker Xiaomi has demonstrated just how dedicated its fans are, with an Asian flash sale seeing it shift over two million devices ... and 39,000 tellies. The Chinese upstart has built upon its Indian deal with online retailer Flipkart by adding Amazon India and online retailer Snapdeal to its digital strategy to access …
Simon Rockman, 10 Apr 2015

eBay impulse buyers STAY AWAY: Holy Grail Superman comic book to fetch $2m+

One of the rarest comic books of all time is going under the hammer – well, a virtual hammer. Online auction house Web tat bazaar eBay has said dealer Darren Adams will use the website to sell a nearly pristine copy of Action Comics #1. The legendary 1938 edition from DC Comics features the first appearance of Superman. The …
Shaun Nichols, 24 Jul 2014
Red pen

Phoenix IT Group shares plunge on loss of £2m contract

A brief statement from Phoenix IT Group confirming it has lost a £2m contract with a supplier sent the share price into free fall this morning and caused a big dent in the market cap. The loss-making IT services firm - a third party maintainer which also sells direct to customers - provided very little colour around the …
Paul Kunert, 28 Oct 2013
Suitcase bulging with cash

Samsung loses again: Judge awards Apple, Nokia $2m in leak-investigation fees

A US district court has awarded Apple and Nokia over $2m to reimburse them for legal fees incurred during their investigation of leaks of "attorneys' eyes only" information by Samsung's legal firm, Quinn Emanuel, during the long-running patent infringement dust-up among the companies. US magistrate judge Paul Grewal is evidently …
Rik Myslewski, 24 Jun 2014
cloud

CloudBees bags $11.2m to keep a closer eye on your handy jobs

Continuous integration expert CloudBees has slurped $11.2m in valley cash to fund its Jenkins-based cloud services. The series-C round was led by Verizon Ventures, along with Matrix Partners and Lightspeed Venture Partners, and was announced on Wednesday. CloudBees is a small cloud company that stewards the development of a big …
Jack Clark, 06 Mar 2014
Terminators

Who wants a ROBO-BUTLER? Google and pals do – and they've just put $2m towards it

RoTM Google has placed a bet on a robotics company that is working to create "services" robots for use in hospitals, care homes or hotels. Mountain View's investment arm, Google Ventures, handed over an undisclosed sum of money to startup Savioke, which is headed up by Steve Cousins, former CEO of PR2-maker and robotics pioneer …
Jasper Hamill, 10 Apr 2014

US card scammers pull $2m petrol heist

US attorneys have charged thirteen people in connection with a massive fraud operation which netted some $2m in stolen funds. The Manhattan District Attorney's office says that four defendants masterminded a plot to install card skimming devices at gas pumps throughout the southern US and then use a network of money mules to …
Shaun Nichols, 23 Jan 2014

Old-timey music streamer Rhapsody (aka Napster) reaches 2m subscribers

Antique music streaming service Rhapsody has finally hit two million subscribers after its expansion to include 32 countries worldwide. Rhapsody, also known as Napster in Europe after it acquired the brand in 2011, has been around since forever in internet terms and was one of the first to use the model of song sales through …
Apple iPod Nano 5G

That's a money spinner: iPod wheel patent bout bags bod £2m from Apple

Fruity tech titan Apple (2012 profit: £25bn) has been forced to pay out £2m to a Japanese inventor - after a Tokyo court found its iPod click wheel design infringed his patents. Cupertino’s learned friends have been fighting this legal battle in the Land of the Rising Sun for the past six years. It started when Norihiko Saito …
Phil Muncaster, 27 Sep 2013
Red pen

Ex-state attorney general probes Tech Data CEO's sale of $2m shares

A firm of legal eagles is investigating whether distie giant Tech Data violated state or federal laws by making accounting errors that will wipe millions off its bottom line from recent years. Kahn Swick & Foti (KSF) is also probing CEO Bob Dutkvsky's offloading of $2m in his firm's shares earlier this month The US logistics …
Paul Kunert, 22 Mar 2013
bug on keyboard

DARPA enlists hacker talent for $2m security bug-swatting challenge

The US Defense Advanced Research Projects Agency (DARPA) is recruiting members of the hacking community to join its latest Grand Challenge competition: a big-money contest to build software capable of finding and fixing security holes in new code. "We've looked to the expert community, the computer security community, and the …
Iain Thomson, 06 Dec 2013

Branson, Berners-Lee, Google, £2m: LET'S SAVE THE WORLD

Google is waving £2m in front of charities, promising to donate dollops of the dosh if the orgs develop tech that improves people's lives. The not-for-profit bodies are invited to apply and compete for the cash; four "data-driven" projects that successfully prove their worth will each get a £500,000 cheque from the advertising …
Team Register, 25 Mar 2013

Haitian snapper humbles photo giants AFP, Getty Images in $1.2m copyright victory

Photographers have won a landmark victory after a US federal jury awarded $1.2m to freelance photojournalist Daniel Morel after media giants uploaded and credited to themselves some shots he had posted on Twitter. A New York jury decisively backed a Haitian photojournalist Morel in a copyright case against photo agency Getty and …
Andrew Orlowski, 25 Nov 2013
balaclava_thief_burglar

UK bank heist-by-KVM gang sent down for 24 years after nicking £1.2m

A gang has been jailed after secretly installing hardware in Barclays bank branches to control PCs and steal £1.2m. The sneaky crims hooked up a hidden KVM (keyboard, video and mouse) switch and a 3G mobile dongle to computers at two London branches. This allowed the thieves to connect to the switch over the internet, access the …
John Leyden, 25 Apr 2014

Gartner: Dell nowhere to be seen as storage SSD sales go flat

Well, here's another nail in the coffin for traditional storage arrays; Gartner claims array SSD sales were up just one per cent year-on-year, while server flash sales grew 51 per cent. EMC leads the AFA players, while Cisco and Dell are nowhere. Total enterprise SSD revenue is 2014 was $5.77bn, up 30 per cent year-on-year. …
Chris Mellor, 11 May 2015

DARPA slaps $2m on the bar for the ULTIMATE security bug SLAYER

It's a bad day for the vulnerability scanning industry: DARPA has announced a new multi-million-dollar competition to build a system that will be able to automatically analyze code, find its weak spots, and patch them against attack. Mike Walker, DARPA program manager, said that the challenge was to start a "revolution for …
Iain Thomson, 22 Oct 2013
gavel_judgment_channel

Bloke flogged $1.2m of pirated Microsoft gear on eBay, say Feds

A US man has been charged with selling counterfeit Microsoft software valued at more than $1.2m. Bruce Alan Edward, 48, of Atlanta, Michigan, is accused of five counts of criminal copyright infringement, and one count of mail fraud, over the alleged resale of pirated software sourced from the far East. According to his charge …
John Leyden, 09 Nov 2012

Imation takes $310.2m hit in hellish, wallet-draining 4th quarter

$310.2m: That's Imation's fourth 2012 calendar quarter loss. $299.1m: That's Imation's fourth quarter revenue. It takes some brass to record results like these and talk of the company's strategic transformation but that's what happens when you rightsize over-valued assets. The chart below shows the scale of the disaster. Third …
Chris Mellor, 14 Feb 2013

Systemax files $2.2m losses as US shoppers stay home

Systemax was hit by Q2 losses as continued strong trading in its business-to-business operation in Europe was more than offset by US shoppers' reluctance to part with cash, the reseller giant confirmed late last night. Operating losses for the period ended 30 June were $2.2m compared to a profit of $15.6m a year earlier, " …
Paul Kunert, 01 Aug 2012
storm

Rackspace shares tumble on lowered forecast, revenue miss

Shares of cloud hosting provider Rackspace were battered on Monday after the firm reported a lackluster forecast for the second quarter of its fiscal 2015. Rackspace's total revenue for the three months ending on March 31 was $480.2m, a 14.1 per cent increase over the previous year's first quarter – not bad, but Wall Street was …
Neil McAllister, 12 May 2015
The Register breaking news

Moneybags Apple loses $1.2m Italian warranty fine scrap

An Italian court has refused to suspend fines slapped on Apple for failing to properly advertise EU-mandated warranties. Local rag Le Repubblica reports that Apple's attempt to delay the payout was rejected at a hearing in Lazio this week. The bench recognised that Apple's online store was now complying with the law, but a …
Bill Ray, 23 Mar 2012
The Register breaking news

UK.gov to spunk £2m a year policing global cyber-security

BCC The UK will spend an extra £2m every year on improving international computer security defences, including a research centre for businesses and countries to tap into. A senior Foreign Office official said last night Blighty was focussed on helping enterprises overseas and nations to sort out their cyber-security. "This centre …
£10 notes. Pic: Howard Lake

Sun shines on Datatec despite Logicalis' sales 'n' contract woes

It was the Westcon distribution arm that kept the tills ringing for parent Datatec, as integrator sub Logicalis was struck by a “significant” contract loss in Blighty and weaker product reselling. Across the group – which also includes consultancy Analysis Mason – revenues leapt by 13.3 per cent to $6.4bn for fiscal ’15, ended …
Paul Kunert, 13 May 2015
The Register breaking news

Silicon Roundabout worthies in £2m UK.gov cash battle royale

The UK Cabinet Office has handed out two slices of its £10m Social Incubator fund to bankroll more macchiato-sipping big dreamers on East London's Silicon Roundabout. Telefonica's venture capital outfit Wayra will get £1.2m of money from the public purse and, with the help of UnLtd, is expected to dish the cash out to startups …
Bill Ray, 15 Feb 2013
Crapita logo

Capita gobbles Berks-based mobility specialist Pervasive

Biz wireless networks integrator and mobility managed services player Pervasive Ltd is the latest organisation to be crunched up by Capita's acquisition mill, The Channel can reveal. The Berkshire-based company, which trades as Pervasive Networks and Beovax Computer Services, will sit within Capita’s IT Services division run by …
Paul Kunert, 26 May 2015

Real Networks will refund $2m to grumpy punters

Real Networks has agreed to hand over US$2.0m to satisfy disgruntled customers, who were railroaded into buying content thanks to pre-clicked boxes in web forms or “free” offers that nonetheless requested credit card details and did not make recurring costs plain. Consumers who, upon realising their error, requested refunds, …
Simon Sharwood, 25 May 2012
Apple iPhone 5

Fanboys order 2m iPhone 5s in 24 hours

Millions of fanboys have asked Apple to send them an iPhone 5, two million of them within 24 hours of orders first being taken for the new handset. That, claimed Apple today, is "more than double the previous record of one million held by iPhone 4S". The iPhone 4S was announced just under a year ago, on 4 October 2011. Apple …
Tony Smith, 17 Sep 2012

QLogic hits all-flash bullseye, doubles profit

QLogic is smiling, and so it should, with revenues and profits growing, and all-flash arrays, where it has host server connectivity dominance, blooming too. The glory days might just be coming into sight again. Revenues for its full-year 2015 third quarter were $140.2m, 10 per cent higher than the previous quarter, and a chunky …
Chris Mellor, 30 Jan 2015
Hortonworks logo

Big data = big loss for Hadoop-flinger Hortonworks

If the future of big data is Hadoop, those peddling it still have a long journey ahead of the them. Newly IPO'd Hortonworks' inaugural results show a company whose losses are growing as its business expands. Further, it’s not subscriptions to Hortonworks’ implementation of the open-source Hadoop that are growing most – it is …
Gavin Clarke, 25 Feb 2015
The Register breaking news

It's all in the wrist: E-ink smartwatch Pebble bags $2m

A group of people who designed an e-ink watch and were looking for $100,000 to fund its production raised that in a couple of hours – and they're now well on their way to having $2m to spend. The "Pebble" watch comes from the team that created the smartphone-on-a-watch inPulse. The Pebble is a smaller version of that product, …
Bill Ray, 13 Apr 2012

Samsung wants a bite of flash cache, will eat Proximal Data – sources

Samsung is buying Proximal Data, a flash caching software company, people close to the situation told The Register, although no formal announcement has been made. Proximal was founded in 2011 by CEO Rory Bolt, who was involved with Avamar and heavily involved in selling it to EMC for $165m. The company provides AutoCache, which …
Chris Mellor, 29 Oct 2014
The Register breaking news

Siri's artificially intelligent news anchor sister bags $6.2m

Siri's little sister Trapit, an intelligent discovery engine that pumps individually curated digital content to users, has closed a $6.2m Series A round of venture funding led by Hong Kong’s Horizon Ventures. Trapit is the progeny of CALO (Cognitive Assistant that Learns and Organizes), the DARPA-commissioned artificial- …

KCOM Group results hit by Phones4U woes

Brit telco and tech services playa KCOM Group has kickstarted a cost-cutting programme to counter a wobbly top and bottom line, not helped by the collapse of Phone4You and slower than expected PSN demand. The LSE-listed Hull-based group reported a 6.7 per cent drop in turnover to £173m for the first half of fiscal ’15, as profit …
Paul Kunert, 25 Nov 2014

Life after Lord Shugs looks good, as Viglen directors' packages swell

Being a director at Viglen has become considerably more lucrative since Lord Shugs offloaded the tech supplier to Westcoast Holdings. The last standalone financials from both Viglen and sister firm XMA (the pair have been integrated) were filed at Companies House and make for remarkably boring reading, but in a good way. The …
Paul Kunert, 31 Mar 2015

Colt sales slide, profits turn to mush in shiny new cloudy world

A double-digit sales crash in the carrier voice division led top-line declines at Colt in 2014, as a series of one-off costs – including a major restructuring programme – downed profit. It was a “disappointing” outing for the London-listed operation, with turnover dropping 6.4 per cent to €1.49bn in the 12 months, the firm said …
Paul Kunert, 26 Feb 2015
Audio Bomb

Quorum appoints rock guitarist to play CEO lead

Disaster-Recovery-as-a-Service (DRaaS) start-up Quorum has appointed John Newsom as its fifth CEO – the fifth in the eight years since it was founded. He is a guitarist in a rock tribute band in his spare time, so lets hope his lead as CEO is as good as his rock soloing. Quorum has one-click disaster recovery and hybrid cloud …
Chris Mellor, 24 Mar 2015

Amazon sighs, may slip hands into trousers to pay some UK corp tax

The economy of Luxembourg is about to shrink by a few billion pounds, with Amazon bowing to UK pressure and announcing it'll book UK sales through its British branch. The Wall Street Journal reports the change began on May 1. The Guardian says Amazon is moving in response to the UK government's diverted profits tax, which slaps …
Dell EqualLogic PS6210

Dell bundles data mgmt AND flash into 1.2m IOPS flashy array

Dell has produced an all-flash array within the EqualLogic environment, thinking customers need existing data management capabilities on top of flash speeds, and not a binary either-or choice. It has revved up its mid-range iSCSI SAN array with the PS6210, following on from the PS6110, a 64-bit version of the EqualLogic …
Chris Mellor, 11 Dec 2013
Lenovo N20p touchscreen Chromebook

Cloudy storage merchant Box sneaks on to Chromebooks

It’s hard to escape the commodity niche in cloud, but Box.com is trying. The PR-friendly cloud storage firm has secured backing from Google, gaining a toe-hold on the chocolate factory’s cheaper-than-cheap Chromebooks. A beta of Box for Chrome has been announced, letting you install the document repository as a native app, …
Gavin Clarke, 23 Apr 2015

Danwood CEO: No more M&A disco watching for us

Danwood no longer wants to be the loner at the edge of the M&A dance floor as romance blossoms between local rivals, especially now its finances suggest it isn’t destined for the scrapheap. The document services specialist was unable to get in on the action during an extensive round consolidation that saw SCC, Xeretec and …
Paul Kunert, 05 Mar 2015

Ingram Micro: Damn you Europe for our ghastly margins

Weaker margins in Europe due to forex losses and cut-throat retail pricing was the only major blip in an otherwise decent end to the calendar 2014 for Ingram Micro. It was not a vintage year though. Sales in Q4 bounced 18 per cent to $13.95bn: Technology and Other Solutions grew ten per cent to $11.2bn and Mobility shot up 60 …
Paul Kunert, 27 Feb 2015
The Black Knight, defeated

Merged Sphere 3D merrily continues Overland's loss trend

Sphere 3D, now replete with the fruits of its Overland Storage merger, has carried on Overland's history of declining revenues and constant losses. We thought we might have had to undergo a mental reset for a moment. Canadian application virtualisation software hawker Sphere 3D took over/merged with Overland recently and this …
Chris Mellor, 14 May 2015
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Systemax: Senior Blighty bods let us down, so we cut them

Systemax has opened up on the senior management re-org of UK ops after admitting the business took a turn for the worse over the summer. The transatlantic reseller last night reported calendar Q3 financials: turnover was up four per cent year-on-year to $825.4m, but excluding the SCC Netherlands acquisition, organic growth was …
Paul Kunert, 05 Nov 2014

Lexmark splashes $1BEEEELION on Kofax

Lexmark International is trying to counter flatlining revenues and falling demand for print hardware by splashing $1bn to consume enterprise software seller Kofax. Under the terms of the deal, Lexmark will cough $11 per share and fund the buy with non-US cash on hand and existing credit facilities, it said. Kofax’s portfolio …
Paul Kunert, 25 Mar 2015
Euro notes

Efficient German sales engine Bechtle says Q1 was GUT

Insuppressible German headquartered reselling machine Bechtle piled more pounds onto the sales ledger during calendar Q1 seemingly surprising senior management. The business, with ops in 60 locations across Europe, revealed a 6.1 per cent boost in sales to €622.5m, EBITDA climbed 6.3 per cent to €22.5m and profit after tax up 6. …
Paul Kunert, 14 May 2015
The Register breaking news

XBox promo code exploit set Microsoft back $1.2m

Hackers managed to figure out the algorithm used by Microsoft to generate promotional codes tied to XBox Live, costing Redmond an estimated $1.2m before it put a stop to the scam. The algorithm created 160 counterfeit MS points, the currency used on XBox Live, at each iteration. "Hackers found an algorithm to add to existing, …
John Leyden, 11 Mar 2011
management consumerisation

Behold our swollen sales digits, crow Microsoft enterprise partners

The financials for a bunch of Microsoft’s top table enterprise licensing channel partners are in, and though none of them are getting rich quickly, there’s seems room enough in straight reselling to make a living. York-based Software Box (SBL) toasted its 25 years of life by bringing home £128.1m in sales for the 12 months ended …
Paul Kunert, 19 Jan 2015