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Articles about 2m

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

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

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

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
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

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

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
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

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
The Register breaking news

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

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 …
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

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
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

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
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
south korea

Three quarters of South Korea popped in online gaming raids

Three quarters of South Korea's population have been compromised in a massive data breach affecting 27 million people. The nearly incomprehensible breach was revealed when 16 individual were arrested after selling the records relating to victims aged between 15 and 65 years-old. The records included names account logins …
Darren Pauli, 26 Aug 2014
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
Fraud image

New licence and SAP unit sale knackers Software AG's numbers

Delayed IT projects and offloading the SAP business have dealt Software AG’s business a double blow for its latest quarter. Germany’s other major software maker today reported a second-quarter revenue drop of 18 per cent to €196m ($263.9m) and net income halved to €14.2m ($19.1m). Earnings per share was also almost halved to €0 …
Gavin Clarke, 24 Jul 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- …
Dot Hill Assured_SAN_Ultra48

Storage array supplier Dot Hill: Revenues are down, but so are losses

Storage array supplier to OEMs has less to be dismal about with declining revenues but much less of a loss in its second quarter. The business isn't growing, but at least it is not shrinking. Revenues for the second calendar 2014 quarter were $48.2m, the same as the previous quarter but 8.4 per cent down on the year-ago quarter …
Chris Mellor, 12 Aug 2014
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
The Register breaking news

Dowler family bags £2m payout over phone-hacking saga

News Corp has agreed to cough up £2m to the family of Milly Dowler after individuals working for the now-defunct Sunday tabloid the News of the World were found to have hacked into the murdered schoolgirl's phone. News International, owned by Rupert Murdoch's News Corp, confirmed the settlement in a joint statement with the …
Kelly Fiveash, 21 Oct 2011
SuperTim's bacon bounty sarnie

Pricey buys bring home bacon for Alternative Networks...sort of

Hauling in a heavy duty sales director and forking out millions for acquisitions has finally got the revenue dial moving in the right direction for AIM-listed Alternative Networks. It's not done the same for profits, though. The top line had stagnated and operating profits dipped in the previous fiscal year, so the comms-managed …
Paul Kunert, 05 Jun 2014
The new wording on Apple's Australian website for the 4G iPad

Apple to 'pay AUD$2.2m fine' for 4G claims

The new wording on Apple's Australian website for the 4G iPad Apple is to pay an AUD$2.2 million fine for misleading the Australian public about the networking capabilities of the new iPad, reports The Australian. Apple was taken to court by Australia’s competition regulator, the Australian Competition and Consumer Commission …
Simon Sharwood, 08 Jun 2012

Accounts probe stings IT distie giant Tech Data on the bottom line

The residual effects of Tech Data's accountancy blunder have emerged in the distribution goliath's figures for the first quarter of its new fiscal year. While the numbers published today show rising sales, profits – hit by a series of charges including a $12.2m cost related to the accounts cock-up – are well off the pace. Tech …
Paul Kunert, 29 May 2014
euros_channel_money

Economic recovery? Ha, that was so 2012, says buoyant Bechtle

If Europe was still in fragile economic recovery mode during calendar 2013 someone forgot to tell trend-bucking Bechtle AG, the epitome of efficient German tech reselling. The firm today reported group revenue of €2.27bn, up 8.4 per cent year-on-year and banked a 13 per cent spike in profit before tax of €89.3m and the same per …
Paul Kunert, 18 Mar 2014

Azzurri Communications still losing MEELLIONS

Azzurri Communications is not out of the woods yet judging by its recently filed results and the stringent banking covenant tests to which its management must adhere. It has been a turbulent couple of years for the comms and tech integrator: its seven strong banking syndicate was forced to write off £282m in debts; veteran sales …
Paul Kunert, 08 Apr 2014

RM: Killing our PC unit hit our top line, but our bottom line is pert

Murdering the PC building biz was always going to result in some top-line slippage for Brit specialist education tech supplier RM, but the move to shutter the production line hasn't hurt profits, quite the opposite. The Oxford-based biz today reported half-year numbers to 31 May with sales down more than 22 per cent to £92.1m …
Paul Kunert, 07 Jul 2014
HP

SEC slaps HP with $108 MEEELION fine over bribe scandal

HP has agreed to a $108m settlement with the US Securities and Exchange Commission (SEC) to settle charges that company representatives paid off government officials in order to obtain contract deals. The SEC said that the settlement would end a case it had filed with the company alleging violations of the Foreign Corrupt …
Shaun Nichols, 09 Apr 2014

Oh, Emulex: Another quarter, yet more red-splattered results

Emulex results were dismal, never mind what president and CEO Jeff Benck said about achieving "the high end of our revenue guidance." Revenues were down and losses deeper for its fourth fiscal 2014 quarter - ended June 29 - and for the full year. Q4 of financial year 2014's revenues were $99.8m; they were $109.7m last quarter …
Chris Mellor, 11 Aug 2014
The path of the balloon yesterday as it returned to UK airspace

Brit balloon bod Bodnar circumnavigates planet

Brit balloon bod Leo Bodnar has pulled off a bit of a blinder by successfully flying an ultralight radio payload right round the planet. Launched on 12 July from near Silverstone, Northamptonshire, B-64 yesterday returned to Blighty, and was this morning still going strong over Sweden. The path of the balloon yesterday as it …
Lester Haines, 01 Aug 2014

iPad? More like iFAD: We reveal why Apple fell into IBM's arms

Apple has been talking up its strong Mac and iOS device sales in its latest quarter – but the real news was a stonking slump in iPad numbers. The Cupertino giant said the three-month period ending June 28 was its best-ever fiscal third quarter on record. It reported revenues of $37.4bn, up six per cent year on year, which led to …
Shaun Nichols, 22 Jul 2014
Sepaton S2100-ES3

Spell Sepaton backwards three times ... Puff! It just vanished into HDS

Hitachi Data Systems (HDS) has bought Sepaton, the highest of the high-end enterprise deduping backup targets. Sepaton used to have a rewarding deal with HP until the StoreOnce came long. The news was announced in a blog post by Sean Moser, a senior veep for HDS' global portfolio and product management. Sepaton will be run as …
Chris Mellor, 13 Aug 2014
channel_partners_deal_handshake

Capita closing in on public WAN player Updata

Top brass at Surrey-based broadband network services player Updata Infrastructure UK are understood to be mulling over a leading offer from Capita, sources have told us. As The Channel revealed last November, public sector player Updata confirmed it was locked in "active" discussions with a bunch of interested parties. People …
Paul Kunert, 14 Feb 2014

AVG stung as search revenue from freebie scanners dries up

Security software firm AVG net income has fallen from $24.7m in Q2 2013 to $13.7mn in Q2 2014, according to financial results out Wednesday. The profits slide is explained by the slip in revenue from $100.4m in Q2 2013 to $88m in the three months running up to 30 June 2014. AVG responded to the results by revising its outlook …
John Leyden, 31 Jul 2014

Drooping smartphone sales mean hard times ahead for Brit chipmaker

British chip firm Imagination Technologies has said that a slowdown in the top end of the smartphone market, where Apple and Samsung dominate, will hit the number of chips it ships in the second half of the year. The company warned that it now expected its partners, including the fruity firm, to need between 580 million and 630 …
USB flash storage chip close-up

World's first ever Nobel Prize winning integrated circuit to be auctioned

Are you a chip nerd with $2m to spare? Then you're in luck, because a historic prototype of the world's first integrated circuit is set to be auctioned at Christie's. The expensive piece of computing history was invented by Jack Kilby at Texas Instruments in 1958 and demonstrated that an integrated circuit could be squeezed onto …
Jasper Hamill, 23 May 2014
TPG logo

TPG hit with AUD$2m fine

The Australian Competition and Consumer Commission has again taken a local telco to task for dodgy advertising practices. This time the offender is TPG Internet, which has has been ordered by the Federal Court to hand over AUD$2 million in civil pecuniary penalties for false and misleading national advertising campaign. The ISP …

Tech industry IGNORES customers: 'It's a supplier-driven world'

Tech manufacturers and their third party suppliers have profiteered by ignoring the real demands of SME customers in the pursuit of extra margin, or so says the CEO at a print hardware and services biz. The, er, revelatory piece of info was announced by Steve Francis, boss at print solutions company Danwood. Francis was …
Paul Kunert, 11 Jul 2014
The Register breaking news

Parliament's expenses body spent £2.2m on IT

The newly minted Independent Parliamentary Standards Authority has spent £2.2m on IT to get itself up and running, a commons answer revealed yesterday. Bob Russell MP asked what services Calyx UK provided to the authority and whether it had considered other suppliers. Charles Walker, representing the Speaker's Committee for the …
Joe Fay, 04 Mar 2011
euros_channel_money

Wunderbar! Bechtle chairman fizzles after sizzling financials

Sprawling German-owned tech reseller Bechtle AG today reported a double digit spike in revenues as it made ground both in the relatively sluggish home markets and abroad, helped by acquisitions. Turnover in calendar Q2 was up 16.4 per cent to €603.7m (£482m) including a 14.6 jump in domestic revenues to €403.4m as those outside …
Paul Kunert, 08 Aug 2014
management management4

EMC veteran Poole jumps into UK channel director's chair

Time is going to become a precious commodity for EMC’s latest channel boss, Russell Poole. Along with his new big cheese role, he also plans to hang onto his other day jobs of heading up the public sector and service provider teams. The company veteran is to replace Terry Beale - who has taken on a Euro role running the XtremeIO …
Paul Kunert, 05 Aug 2014