Articles about 5m

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

Sad reality: It's cheaper to get hacked than build strong IT defenses

Whenever mega-hacks like the Yahoo! fiasco hit the news, inevitably the question gets asked as to why the IT security systems weren't good enough. The answer could be that it's not in a company's financial interest to be secure. A study by the RAND Corporation, published in the Journal of Cybersecurity, looked at the frequency …
Iain Thomson, 23 Sep 2016

DDoS attacks: For the hell of it or targeted – how do you see them off?

Distributed Denial of Service (DDoS) attacks can be painful and debilitating. How can you defend against them? Originally, out-of-band or scrubbing-centre DDoS protection was the only show in town, but another approach, inline mitigation, provides a viable and automatic alternative. DDoS attacks can be massive, in some cases …
Danny Bradbury, 22 Sep 2016
still of Ian McKellan as magneto in the x-men movie

Magneto-resistant upstart Everspin gets itself into an IPO whizz

MRAM startup Everspin has filed for an IPO. Everspin_ST-MRAM_die Everspin MRAM die Magneto-resistive or Magnetic Random-Access Memory (MRAM) is non-volatile RAM that’s faster than NAND; think of it roughly as XPoint-class stuff. It’s been used by server and system vendors for niche needs requiring very fast and non- …
Chris Mellor, 21 Sep 2016

We read Nutanix's homework... and the numbers look good

Analysis Nutanix has filed an amended S1 IPO form with the SEC and data within it shows a strongly growing business well-set for an IPO if the financial environment is supportive. The company's latest results show satisfactory quarter-on-quarter and annual revenue growth with net losses growing less sharply and becoming a smaller …
Chris Mellor, 20 Sep 2016
Stock traders

Nutanix's $209m, $13-a-share IPO revealed in homework to watchdog

Hyperconverged upstart Nutanix has submitted more details about its forthcoming IPO to the US financial watchdog, the Securities and Exchange Commission (SEC). The San Jose-based biz will seek to raise up to $209,300,000 in the offering by selling 14,000,000 shares of Class A voting stock at a starting price of $11 to $13. An …
Shaun Nichols, 19 Sep 2016
RAF Tornado GR.4 flying down the Mach Loop in Wales

Radar missile decoys will draw enemy missiles away from RAF jets

Britain's Tornado fighter jets may soon be deploying with missile-jamming decoys on board after the MoD signed a £2.5m order with Leonardo-Finmeccanica. The BriteCloud decoys are about the size of a can of Coke and can be fired from the jets' flare dispensers. The electronic gizmo uses “powerful radar emissions” to draw enemy …
Gareth Corfield, 19 Sep 2016
Robot drives a car. Conceptual illustration from Shutterstock

Microsoft leads group pelting 'heavy duty' robot maker with $10.5m

RotM Sarcos Robotics has received $10.5m in investment from Microsoft, Caterpillar and other backers. Salt Lake City-based Sarcos, which has offices near Microsoft in Redmond, was founded 25 years ago. It was acquired by Raytheon in 2007 before being bought back by a consortium led by its former president at Raytheon. Now, …
A plate of horderves

Kaspersky Ireland R&D haus

Kaspersky Lab is opening a new R&D office in Ireland. With an initial investment of close to $5m, Kaspersky plans to create 50 new Dublin-based roles in the next three years. The new office will focus mainly on developing data analysis and machine learning technologies for the firm’s enterprise product line-up. The Russian …
John Leyden, 07 Sep 2016
Lady eating a sandwich checking her mobile phone

iPhone outsells Galaxy

Apple snatched the bestseller crown back from Samsung in Q2, despite Apple’s woes in China. The iPhone 6s outsold the Galaxy S7, moving 14.2 million units between April and June, according to Strategy Analytics. The smaller iPhone 6 took second spot, with an estimated 8.5m units moving. That put it slightly ahead of the S7 …
Andrew Orlowski, 06 Sep 2016
Pop art-style illustration: Woman holds head in despair. Illustration via Shutetrstock

Tech-for-insurers biz out of action for 10 days now. Hope they had, er...

Hapless insurance tech biz SSP Worldwide is now on its tenth day of a services outage, which has had a huge impact its broker customers. The company was hit by a power blackout on 26 August that fried its HP Storage Area Network. Halfway through the process of a restoration six days later, the business was struck with further …
Kat Hall, 05 Sep 2016

Of supermarkets, Volkswagen and the future of Dell-EMC

Analysis September 7 sees Dell Technologies absorb EMC and its VMware holding. Storage-watchers are seeing lots of overlap between the Dell and EMC storage products and wondering if there is going to be a product cull. So far there are no signs of this and it could be useful to ask if Dell + EMC is going to be a traditional few- …
Chris Mellor, 05 Sep 2016
Bitcoin, photo via Shutterstock

Brave idea: Ex Mozilla man punts Bitcoin adblocking browser

Browser upstart Brave is now letting you contribute Bitcoin to websites in return for ad-blocking. Beta version 0.11.6 of Brave has activated its Brave Payments, which lets you send micropayments to websites as a reward for not hitting you with ads or trackers. You turn on Brave Payments from within the open-source browser’s …
Gavin Clarke, 02 Sep 2016
Workers car pooling

Waze to go, Google: New dial-a-ride Uber, Lyft rival 'won't vet drivers'... What could go wrong?

Google is apparently planning to launch a ride-sharing service to compete with Uber and Lyft. The Wall Street Journal cites a single source in reporting that the Mountain View advertisement broker will expand a small pilot program launched this summer in which the Waze navigational app can be used by people to organize car …
Shaun Nichols, 31 Aug 2016

Victoria Gov tips $6.5M into uni security seeder, city-country farm tech

The government of the southern Australian state of Victoria has tipped A$450,000 (£260,083, US$340,872) to spin up an information security incubator in Deakin University. The university and Dimension Data want the incubator to accelerate the development of technology and industry skills. It will be coupled with a security …
Darren Pauli, 30 Aug 2016
Money laundering

'Fake CEO' Chinese chap cuffed in $54m fraud probe

Police in Hong Kong have arrested a Chinese man on charges of laundering the proceeds of an online robbery that netted millions of dollars. In January, Austrian engineering firm FACC – which makes aircraft parts for the likes of Boeing and Airbus – admitted that it had lost up to €50m ($54m) after someone impersonating the CEO …
Iain Thomson, 26 Aug 2016

Brocade broadcasts financial success. Well, if you call an 89% profit drop 'success'

Helped by two months of Ruckus Wireless ownership, Brocade's revenues for the third quarter of fiscal year 2016 were up seven per cent annually to $591m, a 13 per cent quarter-on-quarter increase. The company posted profits of a paltry $10.5m, 89 per cent down on the year-ago quarter's $91.7m, and 23.3 per cent less than the …
Chris Mellor, 26 Aug 2016
Cable confusion, image via Shutterstock

Larry Page snuffs out ‘too expensive’ Google Fiber project

Google is drastically scaling back its Fiber initiative because it’s too expensive – and only a fraction of the expected subscribers ponied up. Insiders speaking to The Information suggest it had only signed up 200,000 subscribers, far short of the trajectory needed to achieve 5m in five years. The publication also reports …
Andrew Orlowski, 25 Aug 2016

Tech Data swings and misses Wall Street moneymen's target

Tech Data's latest quarterly financials show a distributor wrestling with “weaker than expected” IT spending and trying to dip into “pockets of demand” across Europe and the Americas. The world’s second largest tech wholesaler filed turnover of $6.4bn for Q2 of fiscal year 2017 ended 31 July. This was down three per cent as …
Paul Kunert, 25 Aug 2016
francis_maude_flames_evil

UK.gov depts in post-Mad Frankie Maude landgrab over IT spending controls

Analysis Government departments are winning significantly more exemptions to splash the cash on expensive IT projects since the departure of former Cabinet Office minister Francis “Mad Frankie” Maude last year, according to a Register analysis. The Department for Work and Pensions alone was given the green light for £200m in IT …
Kat Hall, 22 Aug 2016
Herbie

DVLA misses out on £400m in tax after scrapping paper discs

The UK's Driver and Vehicle Licensing Agency (DVLA) collected £400m less in tax during the first 12 months of moving paper tax discs online, according to a Freedom of Information response. From October 2014 to September 2015, the DVLA collected £5.71bn in vehicle excise duty, £412m lower than in the previous 12 months - …
Kat Hall, 19 Aug 2016
Diver, image via Shutterstock

Windows Phone dives into irrelevant-like-BlackBerry territory

BlackBerry and Microsoft have continued their tumble down the mobile operating system market share charts, clocking in at just 0.1 per cent and 0.6 per cent respectively. Microsoft's fallen especially hard: analyst firm Gartner had it selling 8.2 million phones for 2015's second quarter, for 2.5 per cent market share. The …
Simon Sharwood, 19 Aug 2016
SGI in Jurassic Park

OMG: HPE gobbles SGI for HPC. WTF?

Hewlett Packard Enterprise has bought venerable computing firm SGI – formerly Silicon Graphics – for $275m. Over the past few years, SGI has concentrated on the big-iron end of the server market and high-performance computing. It's this technology that HPE wants to bolster its hardware lineup. "At HPE, we are focused on …
Iain Thomson, 11 Aug 2016
sale

Imperva under pressure to find buyer after disappointing results

An activist investor is reportedly pushing data centre security firm Imperva to find a buyer following disappointing financial results. Cisco Systems, IBM, Raytheon or Symantec are touted as potential suitors of the Israeli entrepreneur-founded firm, which markets Web Application Firewalls and DDoS mitigation services. …
John Leyden, 11 Aug 2016

Microbes that laugh at antibiotics: UK sinks £4.5m into China-Brit kill team

British research councils are attempting to tackle the rising problem of microbial resistance by pumping £4.5m into six research partnerships between the UK and China. The Biotechnology and Biological Sciences Research Council, The Economic and Social Research Council and the Medical Research Council will be funded under the …
Katyanna Quach, 11 Aug 2016
Close up of elephant's face. Photo by Shutterstock

Hortonworks losses deepen despite growth in subscription sales

Operating losses at Hadoop-flinger Hortonworks deepened to $64.3m (£49.3m), compared to a loss of $42.9m (£32.9m) during the second quarter last year. It's not looking good for Big Data. Revenue at the firm, however, increased by 46 per cent to $43.6m (£33.4m) for its second quarter of fiscal year 2016, compared with the same …
Kat Hall, 05 Aug 2016
Imaging data concept illustration. Photo by Shutterstock

Loss-making data-viz biz to investors: You know what our problem is? We did too well

Data visualisation business Tableau has told investors its losses have more than doubled because it did too well in Q2. The Seattle-based company, which made its initial public offering on the New York Stock Exchange in 2013, reported a 260 per cent increase in operating losses, from $17.9m to $46.9m, while total revenue grew …
British sterling in flames

Outsourcery burned through more than £20 MEEEELLION in cash before it crashed

Defunct cloud infrastructure and apps provider Outsourcery Plc attracted interest from 12 bidders before it was offloaded to GCI Telecom for £4m, in a pre-pack administration handled by EY. The Statement of Affairs filed at Companies House revealed the final weeks of the failed Manchester-based, AIM-listed corporation that …
Paul Kunert, 02 Aug 2016

US state sues Comcast for $100m in row over 'worthless' repair plans

Washington state is suing Comcast and demanding $100m in damages for allegedly misleading customers. At a press conference on Monday, Washington Attorney General Bob Ferguson claimed the US cable giant's Service Protection Plan (SPP) had cheated at least 500,000 people out of their money. People who take out the optional $4. …
Iain Thomson, 01 Aug 2016
Online privacy image via Shutterstock

Brave browser lands $4.5m

The Brave web browser, developed by former head of Mozilla Brendan Eich, has received $4.5m in funding from a number of VC companies, bringing total funding to $7m. The open-source browser that promises to "fix the Web" by offering a faster, privacy-respecting experience, was released to developers back in January. It is …
Kieren McCarthy, 01 Aug 2016
Crowd watches fireworks at night in the field. Photo by Shutterstock

WD disk revenues spin slower as its flash fireworks go off

WDC beat its own better-than-expected preliminary results estimates with a $3.495bn quarter but swung to a $351m loss with fewer disk units sold. Layoffs are coming. Revenues for the fourth fiscal 2016 quarter, ended July 1, were 9.2 per cent higher than a year ago and 24.8 per cent up on the previous quarter. This quarter …
Chris Mellor, 29 Jul 2016

Quantum leap: A good quarter for disk backup gear, and yeah tape's OK

Quantum’s first fiscal 2017 quarter – the three months to June 30, 2016 – showed revenue growth as the tape market stabilized and big deals came good. Revenues of $116.3m were five per cent higher than last year’s $110.9m. There was a net loss of $3.8m, better than the $10.8m loss recorded a year ago and the unfortunate $52.4m …
Chris Mellor, 29 Jul 2016

Someone (cough, cough VeriSign) just gave ICANN $135m for the rights to .web

An unnamed organization just paid $135m for the rights to sell ".web" domain names. This is three times the previous record of $45m for .shop, and seven times the average auction price for top-level domains. The massive price tag has raised eyebrows in the domain name industry, not least because one of the companies taking …
Kieren McCarthy, 28 Jul 2016
i_am_the_law

HP awarded £1.95m in reseller grey market fraud case

Hewlett Packard Enterprise was this week awarded £1.95m after a UK High Court judge ruled against reseller minnow International Computer Purchasing over allegations it abused special bid pricing. The US giant told us the successful claim against ICP and director Matthew Archer was for “fraud, conspiracy and inducement of …
Paul Kunert, 28 Jul 2016
Undrey http://www.shutterstock.com/gallery-950635p1.html

Security FUD and malware outbreaks boost Sophos' coffers

Revenues at Sophos were buoyed by the growing threat of ransomware and the like to its target mid-market customer base. For the quarter ending 30 June 2016, Sophos recorded revenues of $127.4m, 12.2 per cent up from the $113.5m its business brought in during Q1 2016. Kris Hagerman, chief executive officer, commented: "Our …
John Leyden, 28 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

Apple Watch exec Bob Mansfield 'gets into secret Apple car'

A former senior executive at Apple has returned to the company to oversee its secretive but long-rumoured car project, according to reports. Bob Mansfield stepped back from Apple's executive team in 2013, despite earning $85.5m a year, but remained around Cupertino as an adviser on special projects, including the Apple Watch …
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

Intel and pals chuck money at another Fibre Channel killer

+Comment Kazan Networks just got $4.5m A-round funding from Intel, Samsung Ventures and Western Digital Corp for its storage array access acceleration technology. So what? So Fibre Channel and iSCSI external array access are poised to be devastated by NVME over Fabrics (NVMeF) and Kazan is developing a hot little ASIC number that it …
Chris Mellor, 22 Jul 2016

Everyone's favorite infosec biz – Blue Coat – must cough up $40m to rival in patent rip-off row

Blue Coat has lost its appeal challenging a nearly $40m patent infringement lawsuit brought by rival security company Finjan. The California Northern District Court upheld the 2015 jury decision awarding $39,528,487 to Finjan for infringement by Blue Coat on five of its patents: 6,804,780 identifying downloadable files 6, …
Shaun Nichols, 20 Jul 2016
Pennies in a jar. Photo via Shutterstock

Three pence in a pound awaits Steljes' trade creditors

Unsecured creditors of audio visual distributor Steljes that are owed £6.72m by the fallen specialist will likely receive just three pence in the pound, according to the company’s administrator. Steljes collapsed in late May after cash flow dried up and directors were forced to call on AlixPartners, which decided the only …
Paul Kunert, 19 Jul 2016

Envy NVMe? Mangstor flashes $5m cash to bulk up array line

The NVMe-over-fabrics flash array startup Mangstor has had a $5m funding round. The company connects NVMe flash drives in its NX array to access servers using an NVMe over Fabrics link for access that is practically as fast as accessing local flash drives. It recently added a burst buffer capability to speed data access …
Chris Mellor, 19 Jul 2016
Piranha fish pattern illustration

£19.5m for quantum tech

Innovate UK and the Engineering and Physical Sciences Research Council have pledged to invest £19.5m to support quantum technology projects. The funding competition launches today and is aimed at businesses, although partnerships with academia are allowed. The registration deadline is 28 September. The government have defined …
Katyanna Quach, 18 Jul 2016
Defeated-looking young man puts his head against table in front of laptop and pile of papers in conference room. Pic via Shutterstock

Software bug costs Citigroup $7m after legit transactions mistaken for test data for 15 years

A programming blunder in its reporting software has led to Citigroup being fined $7m (£5m). According to the US Securities and Exchange Commission (SEC), that error [PDF] resulted in the financial regulator being sent incomplete "blue sheet" information for a remarkable 15 years – from May 1999 to April 2014. The mistake was …
Kieren McCarthy, 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 …
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

Malaysia-based credit card fraud ring broken, 105 arrested

A total of 105 credit card fraud suspects have been arrested in Asia and Europe following a complex months-long investigation across two continents. The investigation targeted a gang led from Malaysia whose tentacles spread into 14 European countries (including the UK and Germany) and specialised in using counterfeit credit …
John Leyden, 08 Jul 2016
editorial only image of Whitehall. Pic Daniel Gale/Shutterstock

£8 BILLION is locked into UK.gov's failing IT schemes, El Reg analysis reveals

The UK government has £8bn locked into IT contracts which are at high risk of failure, according to an analysis of the Infrastructure Project Authority's accounts by The Register. Of 143 major projects representing £405bn of government spending, The Register identified 19 IT projects that were flagged as “red” or “amber/red” …
Kat Hall, 07 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