Articles about 3m

Uber launch party by https://www.flickr.com/photos/5chw4r7z/ CC2.0 sharelalike attribution https://creativecommons.org/licenses/by-sa/2.0/

Uber slapped with $7.3m fine for keeping quiet about driver accidents

A Californian judge has ruled that Uber, by refusing to disclose particular business practices to state regulators, is in breach of the conditions under which it is allowed to operate in the state. The international controversy-courting ride-hailing service received a hard spanking on its home turf when an administrative law …

Red or alive, you're coming with me: Feds offer $3m reward for 'CryptoLocker baron'

The US State Department and the FBI, have stumped up $3m in reward money for the arrest of Evgeniy Mikhailovich Bogachev, the 30-year-old Russian man accused of stealing over $100m with his malware. Russian wanted by FBI Have you seen this man? Bogachev, who operated under the aliases "lucky12345," "Slavik," and "Pollingsoon …
Iain Thomson, 25 Feb 2015
lottery

Lottery IT security boss guilty of hacking lotto computer to win $14.3m

Iowa state lottery's IT security boss hacked his employer's computer system, and rigged the lottery so he could buy a winning ticket in a subsequent draw. On Tuesday, at the Polk County Courthouse in Des Moines, Iowa, the disgraced director of information security was found guilty of fraud. Eddie Tipton, 52, installed a …
Iain Thomson, 22 Jul 2015
Gun and dollars

Samsung in Brazilian strip: Robbers snatch $6.3m in gear from plant

Armed robbers have snatched $6.3m in smartphones, tablets and computers from the Samsung Electronics factory in São Paulo, Brazil. The bandits got into the complex by carjacking a shuttle used by factory employees, and held workers hostage while clearing out truckloads of loot, Reuters reported a spokesman for the state’s public …

Johnson & Johnson snatches your .baby for $3m

Johnson & Johnson has bought the right to .baby domains for $3.1m, beating Google and five other companies. The bathroom cupboard filler intends to run the generic top-level domain-name as a closed shop, meaning that it will approve every new .baby domain. So don't expect to see Wholovesyou.baby, Youvecomealongway.baby or any of …
Kieren McCarthy, 19 Dec 2014

Satya Nadella's $84.3m pay packet: Did he use the 'female superpower' to get it?

Satya Nadella famously told women to not bother asking for pay rises, which now looks a bit rich after Microsoft revealed his $83.4m pay packet. After all, what would you know about asking for a raise when your pay packet is more already than the combined wages of 800 Microsoft minions? Redmond announced its great leader's …
Jasper Hamill, 21 Oct 2014

Bitcoin mining rig firm claims $3m revenue in just FOUR DAYS

It is said that during a gold rush, the people who make the real money are the ones selling the spades. The same appears to be true with Bitcoin, judging by the whacking great revenues announced by a firm which makes computers dedicated to mining the cryptocurrency. KnCMiner, a Swedish manufacturer of Bitcoin mining machines, …
Jasper Hamill, 14 Nov 2013
Cosmic strings of string theory

Cambs prof scoops $3m Fundamental Physics prize

Stephen Hawking's successor at Cambridge University, Michael Green, and his fellow theorist John Schwarz at Caltech, have won the second Fundamental Physics Prize. String theory pioneers Green, who became Lucasian professor of mathematics when Hawking stepped down in 2009, and Schwarz won the $3m prize for their work on quantum …
Man in an orange jumpsuit clutches prison bars. Image by Shutterstock

Former Azzurri project manager who stole £1.3m ordered to pay back £146k

A former project manager at Azzurri Communications who stole £1.3m from the integrator has been ordered to pay back less than 10 per cent or spend more time in the slammer. Lee Stephen Young, 34, of Petronel Road, Aylesbury was found guilty of one count of theft from an employer at the town's Crown Court in March and sentenced …
Paul Kunert, 23 May 2014
Angus Highland cow

Wearable tech for HORNY COWS: Biz slurps £3m for bovine arousal detectors

A firm which designs wearable tech for cows is celebrating after raising more than £3m to help fund its global expansion. Silent Herdsman has been handed the golden bull by a group of investors including Scottish Equity Partners, Albion Ventures and the Scottish Investment Bank. Its technology uses a "decision-support platform …
Jasper Hamill, 24 Mar 2014
The Register breaking news

Stephen Hawking gets $3m physics prize from Mail.ru tycoon

Renowned physicist Stephen Hawking has won a Russian entrepreneur's $3m special Fundamentals Physics Prize for his lifetime of achievements. Seven scientists who led the effort to find the Higgs boson at CERN's Large Hadron Collider also won, bagging another of the special prizes from Yuri Milner. Milner, who describes himself …
Camcorder Projector CP45

3M combines camcorder, projector

Tech company 3M has unveiled a mini mobile projector and digital camera combo, ideal for holiday-makers to share their naff collection of moments with friends and family without the need for a separate device. The Camcorder Projector CP45 blends 3M's mobile projection tech with a 5Mp digital camera that also records HD video. …
Caleb Cox, 25 Oct 2011
£10 notes. Pic: Howard Lake

Oh no! That's another year you didn't grow, KCOM

Brit telco KCOM Group has reported top line shrinkage for the seventh consecutive year, this time blaming problems on “legacy activities” while unsurprisingly pinning its future on cloud services glory. The tech integrator/ comms provider reported a 6.1 per cent fall in revenues to £347m for the year ended 31 March - the last …
Paul Kunert, 05 Jun 2015
The Register breaking news

Pop tix touts slung in the cooler for 4 years after £3m web scam

Two crooks posing as online ticket touts have been jailed for swindling nearly £3m out of pop fans' pockets. Andrew Lagan, 44, from Middlesborough, and Gary Agar, 44, from Welling, have started a four-year stretch after they were found guilty of two counts of conspiracy to defraud and one count of money laundering. The duo set …
John Leyden, 28 Jan 2013
SOURCE: http://www.sxc.hu/photo/959469

'Bogus IT guys' slurp £1.3m from Barclays: Cybercops cuff 8 blokes

UK police have arrested eight men after a gang fitted remote-control hardware to a Barclays bank branch computer and stole £1.3m. Money was slurped from the bank after crooks hooked up a KVM (keyboard, video and mouse) switch and 3G dongle to a terminal in the branch, officers said. The suspects, aged between 24 and 47, were …
John Leyden, 20 Sep 2013
big droplets falling from rain cloud

Outsourcery has ‘greater flexibility to pursue opportunities’ after £4m Voda loan

Loss-making cloud biz Outsourcery has managed to tap up Vodafone for a £4m loan under a partnership deal. After yet another successful effort of going cap in hand to investors, the still unprofitable outfit said £2.3m of the loan will be used for "general working capital purposes". The rest of the cash will replace its existing …
Kat Hall, 03 Jul 2015
The Register breaking news

Mail.ru tycoon, Silicon Valley titans announce $3m life science prizes

Russian internet entrepreneur Yuri Milner has persuaded Mark Zuckerberg, Art Levinson and Sergey Brin to pool their money for a science prize of $3m to for research into curing diseases and extending human life. The Silicon Valley titans from Facebook, Apple and Google have joined forces with the Mail.ru tycoon and US biologist …
Wasteland 2

Wasteland sequel given $3m green light

Plans to bring back the post-apocalyptic RPG Wasteland will go ahead after a Kickstarter project mustered more than enough funds to give the project the green light. Wasteland 2 A team headed by Interplay founder and famed games developer Brian Fargo sought financial backing of at least $1m (£625,400) for the PC version of …
Caleb Cox, 18 Apr 2012

Why you wanna go and put STaaS in their eyes? Toshiba pays $3m for Zadara

Flash foundry operator Toshiba has invested $3m in a startup offering virtual private storage arrays in the cloud, citing a "unique and strong strategic fit" between the two companies. Storage upstart Zadara offers its Virtual Private Storage Arrays (VPSAs) as storage-as-a-service, offering iSCSI or NFS-based storage. Customers …
Chris Mellor, 02 Aug 2013
£10 notes. Pic: Howard Lake

Phoenix IT Group comes back in black as new owners beckon

Phoenix IT Group is back in the black following the first full year of CEO Steve Vaughan’s turnaround strategy, in what is likely to its last fiscal before the Daisy Group acquisition is sealed. The LSE-listed organisation is still struggling to get the top line moving in the right direction, as revenue fell nine per cent year- …
Paul Kunert, 08 Jun 2015

Tax shouldn't be taxing – unless you're Barracuda Networks

Barracuda Networks reported a satisfyingly chunky revenue rise for its final 2015 quarter and full year, ended February 28, but losses dove unexpectedly deep due to taxation manipulations. Revenues for the fourth fiscal 2015 quarter were US$72.2m, up 19.7 per cent on the year-ago's $60.3m, and 2.6 per cent higher sequentially. …
Chris Mellor, 29 Apr 2015
lenovo

Lenovo CEO Yang doles out US$3m bonus to staff

In an almost unheard of act of selflessness and generosity from a CEO, Lenovo boss Yang Yuanqing has decided to distribute $3 million (£1.9m) from his annual bonus to junior members of staff working at the Chinese PC giant. The firm had a bumper 2011, setting new records in market share, revenue and shipments and posting a huge …
Phil Muncaster, 20 Jul 2012

Emulex ends seven-quarter run of losses

+Comment After seven straight quarters of losses, Emulex has made a $4.3m profit in its second financial 2015 quarter – but that performance might not be repeated next quarter. The profit was better by far than the $4m loss a year ago and the $700k loss in the previous quarter. Revenues were $111.1m, above guidance but still 9.7 per cent …
Chris Mellor, 30 Jan 2015
Parliament in the clouds

Parliament wants to splash £6m on network build 'n' run contract

The Houses of Parliament is looking to splash up to £6m on a data network management and support services network. The contract is worth between £3m-£6m over a six year period. The managed services deal will cover maintenance, support, management and monitoring of the Houses of Parliament Network Security Services. That …
Kat Hall, 23 Jul 2015

Capita IT Services raises the axe AGAIN

Crapita Capita IT Services is to shutter the last surviving office for hosting unit OPENHIVE, and has given the resident staffers notice of redundancy. The integrator acquired the firm, formerly branded Synetrix, at the end of 2009, and took on 193 employees based at premises in the Midlands and the South East of England. …
Paul Kunert, 21 Jan 2015
secondary age school kids outside NBN truck

NBN rollout to reach 1.3m new premises by late 2016

The timetable for rollout of Australia's national broadband network (NBN) has been updated. The nation's terminal-looking government, which faces an election on September 14th, has unveiled plans to provide an additional 1.3m premises with a fibre to the premises (FTTP) connection by December 2016. A canned statement about the …
Simon Sharwood, 05 May 2013
David and Goliath in the Valley of Elah

Mutant upstart Nimble embiggens revenues – and losses, too

Hybrid array storage start-up minnow Nimble Storage saw revenues grow strongly in its latest quarter, though not enough to trouble mainstream storage vendors. Revenues in its first fiscal 2016 quarter, ended April 30, were 53 per cent higher than a year ago at $71.3m, with a net loss of $29m: it was $19.6m a year ago. …
Chris Mellor, 27 May 2015

Labour has a pop at the government over missed GDS targets

In a pre-election pop at the coalition, Labour has slammed Cabinet Office minister Francis Maude for the Government Digital Service's failure to meet even half of its digital targets for online services. The GDS budget increased from £9.7m in 2011/12 to £23.3m in 2013/14, with spend on IT specialists rising to £7.9m over the …
Kat Hall, 27 Mar 2015
Hadoop

Quarterly losses double at Hadoop hawker Hortonworks

Open source Hadoop purveyor Hortonworks doubled its quarter-on-quarter net losses in the first quarter of 2015 to a loss of $40m (£25m). Meanwhile, revenue rose 167 per cent to $22.8m (£14.5m). For its full-year, the company estimates a net loss of between $78m (£50m) and $84m (£54m). In its previous full-year results, it …
Kat Hall, 13 May 2015
Apple Mac OS X 10.8 Mountain Lion

Apple serves 3m Mountain Lions in four days

Three million copies of Mac OS X Mountain Lion have been downloaded in the four days following its release on Wednesday, 25 July, Apple said today. That makes the Hillside Cat the "most successful OS X release in Apple's history", the Cupertino crew chirped. Don't forget that downloads doesn't equal buyers. A fair few folk, …
Tony Smith, 30 Jul 2012

IT Lab slips a ring on JMC IT

London-based managed service provider IT Lab has spread its tentacles to the north-west by subsuming Manchester outfit JMC IT. The combined organisation will employ some 300 staff servicing 750 clients including Somerset House, Talis Capital, the Greater Manchester Chamber of Commerce and Liverpool FC. Peter Sweetbaum, CEO of …
Paul Kunert, 27 May 2015
Stormy Dover. Pic: Phil Houghton

CommVault CEO: Quick, throw me some more sales reps

Data protection and archiving vendor CommVault is in a profits hole and management hasn't been able to stop digging yet. Profits of just $3m in its third full-year 2015 quarter were only two per cent of revenues, after being 4.3 per cent in the previous quarter and five per cent a year ago, when revenues of $153.3m were slightly …
Chris Mellor, 29 Jan 2015

Ark of the Government deal confirmed, joint venture established

In a massive departure from the usual big supplier merry-go-round of government IT contracts, the Cabinet Office has confirmed a £700m legacy "Crown Hosting" deal with small data centre biz Ark, as revealed by El Reg last week. In a statement, the department claimed the joint venture company, in which Ark will own a 75 per cent …
Kat Hall, 20 Mar 2015
DMC3 spacecraft under assembly

Look! Up in the sky! Five Brit satellites on one Indian rocket!

The UK is entrusting a bunch of earth observation satellites to India's burgeoning space program. Three DMC3 optical observation satellites, along with a couple of other payloads, will be hoisted on July 10 by India's Polar Satellite Launch Vehicle (PSLV). It's the thirtieth mission for the PSLV, and also the heaviest. The …
Dead Island

Dev justifies Dead Island 'Game of the Year' claim with 3m+ sales

Every year a handful of critically-acclaimed videogames are re-released as a "GOTY Edition", which signifies they've been awarded a Game of the Year gong by a respected publication. Which is why, when Deep Silver announced this week that Dead Island - a game panned by critics - would be getting the GOTY Edition treatment, …
Caleb Cox, 23 May 2012
Sunset

Red-inked Crossroads goes straight on with rights issue

Comment Crossroads Systems, which makes StrongBox archiving and Sphinx virtual tape systems, as well as the smaller RVA tape verification product, is looking poverty-stricken as it goes for a rights issue to replenish its coffers. Sphinx virtual tape OEM revenues have been falling for several quarters and StrongBox LTFS archiving …
Chris Mellor, 29 May 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

Fake Cisco box pushers cuffed by Intellectual Property Police

A London-based criminal outfit suspected of flogging $10m (£6.6m) in counterfeit Cisco networking gear to the US has been arrested by the City of London Police Intellectual Property Crime Unit (PIPCU). Three men aged 38, 36 and 35, were arrested last week by City police on suspicion of running the counterfeit business. An …
Kat Hall, 07 May 2015
slice of pizza

Revenue up 62 per cent, as Redcentric posts bumper post-buy results

Managed services biz Redcentric reported a significant increase in sales and profits for its full-year 2015 results, as the firm's acquisition strategy began to bear fruit. The Yorkshire outfit posted an increase in revenue of 62 per cent to £94.3m, compared with 2014. Profits rose to £8m from £1.8m for the same period. The …
Kat Hall, 15 Jun 2015

Tech talent scout Braund scouted by troubled Coms Plc

Financially challenged B2B connectivity and voice provider Coms Plc has poached tech recruitment veteran Mark Braund to take control of the ship, following a messy divorce with his predecessor. Braund was a former EMEA director of SME at IBM in the 1980s, but for nearly the last thirty years has worked in senior positions at …
Paul Kunert, 14 Jul 2015

UK's Crown Commercial Service creams off £72m from frameworks

Government procurement body Crown Commercial Services had a bumper year in 2014/15, increasing its slice of commission and fees from government frameworks by 50 per cent to a cool £72m. During that period the body doubled its staff costs to £44.4m, increased full-time headcount from 430 to 674, and ran a surplus of £2m, which …
Kat Hall, 22 Jul 2015

Hear that screeching sound? It's the sales brakes on distie juggernaut DCC Tech

The wheels have slowed on the distie juggernaut Exertis and mobile computing is to blame, Irish parent DCC confirmed today. In a trading update for Q1 covering the three months ended 30 June, DCC Technology which comprises Brit subs Exertis and Gem, revealed things aren’t quite going to plan. “Trading in DCC Technology was …
Paul Kunert, 17 Jul 2015
Twitter for Mac New

Oi, Twitter! Sign this or we won't talk to you, growls EU

Twitter could soon find itself cold-shouldered by top European law-makers. The deadline for all companies and organisations wanting to lobby the EU to update their information on the so-called Transparency Register passed this week. The annual update was more important than usual this year since the Commission, under president …
Jennifer Baker, 01 May 2015
hands waving dollar bills in the air

SugarCRM sews up sweet deal to buy out junior upstart Stitch

SugarCRM – producers of customer relationship management system Sugar – have acquired the intellectual property rights "and other assets" of mobile start-up Stitch. Stitch is a the sales automation outfit - or, as they would put it, a "personalised digital assistant" that offers integrated analysis of email, calendar and CRM …
3M CP45 Camcorder Projector

3M CP45 pocket camcorder and projector combo

Review The 3M CP45 is a combination HD camcorder, 5Mp camera and LED-lit LCOS projector. Not much bigger than a couple of copulating iPhones, it can film and throw an image up to 65in onto a convenient wall. 3M CP45 Camcorder Projector Shoot and show: 3M's CP45 camcorder projector 3M seems to be touting it at families who can’t be …
Steve May, 21 Dec 2011
Parliament in the clouds

UK.gov: Just one in three G Cloud suppliers have won ANY business

The majority of tech suppliers on G Cloud haven’t seen a penny of taxpayers cash – not a bean – according to official figures on government spending. The sixth iteration of G Cloud is now live on the Digital Marketplace, introduced at the start of this month with 1,453 companies touting for business, up 15 per cent on the …
Paul Kunert, 18 Feb 2015
School of Rock

Hello, Mr Chips(et): Capita grabs bigger slice of UK IT education market

Capita gobbled up a larger piece of the UK's £800m education IT spending market in 2013, with sales up 9 per cent to £234m. According to analyst firm TechMarketView, the top 10 suppliers dominated the education IT market with combined revenues of £741m. Capita’s sales were bolstered by the acquisition of Northgate Managed …
Kat Hall, 19 Nov 2014

IBM, 3M glue chips into silicon skyscrapers

IBM and adhesive maker 3M are teaming up to cook up the packaging goo that will be needed to stack up chips into 3D arrays. There is a growing consensus in the computer industry that more compact and three dimensional packaging of chips is necessary to keep increasing the performance and reducing the power draw of everything …
£10 notes. Pic: Howard Lake

Crossroads Systems takes wrong turn. Is it running out of cash?

Comment It isn’t pretty watching this. Poor beleaguered archival product vendor Crossroads Systems reported even worse results for its second quarter than its dire first quarter, as well as a diminishing cash balance. Crossroads_Q2cy2015 Crossroads Systems quarterly revenue and net income. Moving average trendlines added. Crossroads …
Chris Mellor, 12 Jun 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