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FCC spikes Sprint with $7.5m fine over Do Not Call violation

The Federal Communications Commission (FCC) has levied its largest do-not-call fine ever against a US telco, in this case Sprint. The FCC said that it would be extracting a $7.5m payment from the company as part of a settlement deal and compliance plan. The deal will settle a complaint filed by the FTC accusing the firm of …
Shaun Nichols, 20 May 2014

Could you make a Google-grade data center OS? For $10.5m?

The starting gun has been fired on the race to build the fundamental software for modern cloud data centers, and Mesosphere is running ahead with an armful of dollar bills. The company announced on Monday that venture capitalists had thrown $10.5m at it to help it share the inner secrets of Google, Microsoft, and Facebook's …
Jack Clark, 09 Jun 2014
slow_sign

Pension quango's £18.5m project FINALLY goes live... 2 months late

An £18.5m project carried out on behalf of the UK's Pension Protection Fund (PPF) has finally gone live - two months late. A comprehensive IT infrastructure overhaul and modernisation of hardware and software was due to be installed and running by 28 February. However, The Register has learned that CGI missed both the February …
Gavin Clarke, 01 Jul 2014

Trio allege in court: You sold our ZIP codes, Apple, now hand over $5m!

Apple is being sued by a trio of customers who claim the company sells their personal information in violation of Massachusetts law. The three men have filed a class-action suit in the state alleging that Apple collected their ZIP codes and then flogged that personal information to third parties. In a complaint filed in the …
Shaun Nichols, 17 Jan 2014

Apple coughs up 7 hours of profit to refund kids' $32.5m app spend spree

American parents whose children ran up huge bills from in-app purchases on Apple devices will be refunded $32.5m by the Cupertino titan. The settlement was brokered by the US Federal Trade Commission (FTC) after youngsters were able to buy heaps of useless stuff in software – such as power-ups in games – without their guardians …
Shaun Nichols, 15 Jan 2014

BBC's Clangers returns in £5m 'New Age' remake

The BBC is to remake the classic children's animation programme The Clangers as a hi-tech production with environmental politics at the fore. Original Clangers animator Peter Firmin and illustrator Daniel Postgate - the son of Clangers creator Oliver - will be involved in the £5m budget production. The new series will be …
Andrew Orlowski, 15 Oct 2013
Autodesk's AutoCAD

AutoCAD daddy buys UK design software firm Delcam for £172.5m

Autodesk is all set to slurp British firm Delcam for £172.5m in a bid to snatch more software to offer to the manufacturing sector. The US computer-aided design (CAD) software firm offered Delcam £20.75 per share, a premium of 21 per cent compared to the price at which the company closed on the London Stock Exchange yesterday. …

Cloudy firm Coms Plc coughs £9.5m for Redstone

The three-year restructuring at Redstone was effectively wrapped up today after management "conditionally" sold trading subsidiary Comunica for £9.5m in cash to LSE listed cloud-based telephony player Coms Plc. Under the terms of the deal, Coms will cough £7.65m on completion and a deferred consideration of £1.85m in the next 12 …
Paul Kunert, 05 Nov 2013

Trustmarque bags £19.5m refinance package from HSBC

Fresh from its recent management buy-out, services-based licensing reseller Trustmarque Solutions has signed a £19.5m refinancing deal with HSBC. The package was confirmed today a little over a month after top brass at the York headquartered Microsoft Licensing Solutions Partner inked a deal with new VC backer Dunedin to …
Paul Kunert, 18 Jul 2013
BORDER_PROJECT_US

Capita splashes £57.5m on Eye-of-Sauron car-park watchdog biz

Crapita Capita has snapped up a reputation-boosting biz: the integrator will splash £57.5m on ParkingEye, which sells technology to monitor car parks to ensure nobody gets a freebie or goes dogging. Lancashire-based ParkingEye provides "remote enforcement, management information and alerting systems", and its intellectual …
Paul Kunert, 24 Oct 2013
Soylent prepared

Anti-food startup Soylent pours sugar daddies' $1.5m into its gloopy mix

Soylent, the geek-run startup that aims to defeat food by replacing all meals with a pint and a half of beige gloop, has slurped down $1.5m in filthy valley lucre. The funding was announced on Monday and will give the controversial upstart the ability to do some hiring, perhaps fund a medical trial, and investigate the …
Jack Clark, 21 Oct 2013
The Register breaking news

That enough, folks? Starbucks tosses £5m into UK taxman's coffers

Starbucks, one of the three firms - along with Amazon and Google - that have been hauled over the coals because of their teeny tax bills in Blighty, has handed over £5m to HMRC to please its customers. The payment, the first the multinational firm has made in corporation tax in the UK for five years, said that it would make …
Sony PS3 Even Slimmer

Sony pops pastries as PS3 sales pass 5m

Sony sent us baked goodies today in celebration of selling five million PlayStation 3s here in the UK. PS3 Cake Following last month's PS3 Super Slim launch, the Japanese firm enjoyed a huge jump in sales and this week surpassed the 5m mark in Blighty, a figure confirmed by GfK Chart-Track. A second Super Slim edition with a …
Caleb Cox, 11 Oct 2012

Google says it paid TOO MUCH tax, wants $83.5m refund

Not content with slashing its tax burden by channeling profits through overseas subsidiaries, Google now says it has actually overpaid $83.5m in tax – and it's suing the US Internal Revenue Service to get it back. The dispute dates back to 2004, when America Online exercised a warrant to buy approximately 7.4 million shares of …
Neil McAllister, 28 Jun 2013
The Register breaking news

Morgan Stanley cops $5m fine over Facebook IPOcalypse

Morgan Stanley has been fined $5m for allegedly coaching Facebook on how to selectively release its financial information before its market debut. The lead underwriter for Facebook's IPO has settled with the Massachusetts securities regulator, William Galvin, neither admitting or denying the allegations. The banks that …

US Navy coughs $34.5m for hyper-kill railgun that DOESN'T self-destruct

BAE Systems has been handed a $34.5m contract to design a new version of a potentially game-changing weapon of the future. The US Office of Naval Research gave BAE the cash to build a new railgun prototype which is capable of firing up to 10 shots a minute, while staying cool enough that it doesn't blow up like previous designs …
Jasper Hamill, 04 Jul 2013
The Register breaking news

Brit unis get £7.5m of taxpayers' cash for cybersecurity PhDs

Two UK universities are going to split £7.5m in government funding to train the next generation of cybersecurity experts. The University of Oxford and Royal Holloway University bagged £3.65m and £3.8m respectively to run doctoral courses in computer security from the Engineering and Physical Sciences Research Council and the …
E-CAT

Sceptic-bait E-Cat COLD FUSION generator goes on sale for $US1.5m

Leonardo Corp says it's now accepting pre-orders for its “energy catalyzer” product, with delivery expected within four months. The “Ecat” is a controversial product: although it's been claimed to deliver more output power than input power in “black box” experiments, the mechanism by which the “low energy nuclear fusion” …

VMTurbo trousers $7.5m to bring Adam Smith's hand to more clouds

Adam Smith-loving cloud biz VMTurbo has secured $7.5m in C-round funding from venture capitalists Globespan Capital Partners. That makes for $25m in funding in three rounds, with the second round hitting in November 2011 when Bain Capital Ventures and Highland Capital Partners kicked in $10m. The company did not announce details …
The Register breaking news

Facebook's Sean Parker fined $2.5m for tasteless eco-trashing wedding

"Move fast and break things" is the unofficial motto of Facebook engineers, and for original Facebook president Sean Parker that philosophy apparently even applies to centuries-old redwood forests – at least where planning his wedding is concerned. The California Coastal Commission has ordered Parker and property owners WTCC …
Neil McAllister, 04 Jun 2013
The Register breaking news

Judge confirms Google's miserly $22.5m Safari privacy FTC payout

A US judge has accepted Google's offer of just $22.5m to settle with the FTC over Safari cookies, despite pressure from a consumer rights group to stiffen the penalty. District Judge Susan Illston decided that the agreement was "substantively fair, adequate and reasonable", rejecting Consumer Watchdog's objections that the …
GTA IV

GTA players get ersatz $0.5m each to make up for delayed hooker-beating fulfilment

The makers of Grand Theft Auto have apologized for teething problems in getting the online multiplayer version of the game up and running and are handing out half a million dollars of in-game currency to all players to make up for it. "In order to keep the current worldwide in-game economy balanced, we will be providing this GTA …
Iain Thomson, 11 Oct 2013
The Register breaking news

Sheryl Sandberg offloads $41.5m in Facebook shares in just 6 weeks

Facebook's Chief Operating Officer has divested herself of MORE Facebook shares, ditching just under a million on Friday and netting a cool $26.2m. A little something for Christmas, perhaps? It bumps up the total cash haul Sandberg has made from Facebook shares to $41.5m. That's all since the end of October when the directors' …
Anna Leach, 11 Dec 2012
grab_that_cash

Gov IT buying body: Mega hardware gig to save £6.5m in 2013

The forthcoming mega IT Hardware & Services public sector framework is expected to yield savings of £6.5m this year, according to Government Procurement Services (GPS). As exclusively revealed by The Channel weeks ago, 17 firms made the cut to bag a place on the provisional list of suppliers across the 12 lots – which include …
Paul Kunert, 29 Jun 2012
The Register breaking news

Mozilla gets away with $1.5m tax bill in Googlebucks settlement

Firefox maker Mozilla will cough up $1.5m after it came under scrutiny for insisting it shouldn't pay tax on the vast revenue it gets from Google. The non-profit organisation had argued that the search engine's contributions are royalties and therefore non-taxable. But on Saturday, Mitchell Baker - who is chairman of the …
Kelly Fiveash, 05 Nov 2012
The Register breaking news

UK student in dock over Anonymous £3.5m PayPal attack

The trial of a British university student accused of participating in attacks by hacktivist collective Anonymous against the websites of PayPal and others has begun in London. Prosecutors say Christopher Weatherhead, 22, was studying at Northampton University when he allegedly took part in "Operation Payback", the packet- …
John Leyden, 23 Nov 2012
fingers pointing at man

NHS trusts offer £5m wad for pics and comms gear

Three health trusts in south-west England are seeking a new picture archive and communications system (Pacs). The five-year agreement, valued at a potential £5m, is being handled by Bristol and Weston NHS Purchasing Consortium on behalf of the North Bristol trust, University Hospitals Bristol foundation trust and Weston Area …
The Register breaking news

Nokia, Microsoft bung student mobe devs £7.5m to 'ideate'

Nokia and Microsoft are pumping €9m (£7.5m) into a university to promote app development and startups that'll feed their mobile tech alliance. Finland's Aalto University will receive the cash to fund a new software development programme called AppCampus over the next three years, the companies said Monday. The scheme aims to " …
Gavin Clarke, 26 Mar 2012
The Register breaking news

Investors toss $5m to UK firm: Just keep making that White Space kit

Cambridge-based developer of White Space kit Neul has raised another $5m to keep it operational while hardware improves, and Ofcom gets round to making its devices legal. The money follows the $12.8m which Neul has been spending since June last year, and comes from various investors including Mistui & Co. The money should enable …
Bill Ray, 06 Sep 2012
Ouya Android games console

Android games console scheme nets $2.5m

Ouya, the tablet-spec games console being pitched at Android hackers, has netted pledges of almost $2.5m in its first round of funding, organised through Kickstarter. That's more than double what the company was seeking. The machine is planned to be built around an Nvidia Tegra 3 processor, coupled with 1GB of Ram and 8GB of …
Tony Smith, 11 Jul 2012
Bungie logo

Activision may bung Bungie $2.5m ratings-based bonus

Halo developer Bungie's lucrative ten-year deal with games publisher Activision has been made public, revealing the coder is set to receive an unprecedented bonus should its next title win critical acclaim. The studio will pocket a tasty $2.5m (£1.6m) bonus if the game in development, dubbed Destiny, though that's probably just …
Caleb Cox, 22 May 2012
The Register breaking news

Apple coughs $5m for multitouch patents

Following more than 30 months of argument, Elan Microelectronics has announced that Apple will be paying it $5m for use of its multitouch patents. Elan filed its case back in April 2009, claiming it had been trying to negotiate with Cupertino for two years. It then took the complaint to patent watchdog the International Trade …
Bill Ray, 05 Jan 2012
Rocket Lab's Peter Beck with a model of Rutherford

Kiwi Rocket Lab to build SUPER-CHEAP sat launchers (anyone know 30 rocket scientists?)

A new outfit launched in Auckland, New Zealand, believes that by next year it'll be ready to sling satellites spacewards for as little as $5m. The only hitch is its need to recruit a few rocket scientists – ah, about 30 – who are prepared to relocate to New Zealand. Rocket Lab has just kicked off an American presence to help the …
The Register breaking news

Google pays just $22.5m to FTC over Safari tracking blunder

As expected, Google has agreed to pay the US Federal Trade Commission a paltry penalty of $22.5m for its sneaky bypassing of the default privacy settings of Apple's Safari browser. The consumer watchdog confirmed in a statement today that Google had settled on charges that it "misrepresented privacy assurances to users" and …
Kelly Fiveash, 09 Aug 2012
The Register breaking news

Craig Wireless splashes $US5.5m on Woosh

New Zealand wireless ISP, Woosh, has been snapped up by Californian headquartered telecommunications company Craig Wireless Systems for $US5.5m. Under the deal, Craig Wireless subsidiary Craig Wireless South will take on Woosh’s debt from investors Kuwait Finance House, New Zealand Australia Private Equity Fund, and Bridge Ltd …
The Register breaking news

Google expected to cough measly $22.5m for Safari privacy gaffe

Google is reportedly set to cough up a piddly penalty payment of $22.5m to the US Federal Trade Commission (FTC) to settle its sneaky bypassing of the default privacy settings of Apple's Safari browser. It was revealed by the Wall Street Journal in February this year that Google, Vibrant Media Inc, WPP PLC's Media Innovation …
Kelly Fiveash, 10 Jul 2012
The Register breaking news

Apple bags iCloud.com domain for $4.5m, says report

Apple has reportedly bought the iCloud.com domain name for $4.5m. According to Gigaom's Om Malik, who cites a source familiar with Sweden-based former iCloud.com owner Xcerion, the transaction took place recently. To add fuel to the rumour, Xcerion's storage-as-a-cloud service recently morphed into a new domain name of CloudMe. …
Kelly Fiveash, 28 Apr 2011
The Register breaking news

Google cuts ribbon on Berlin research institute after ponying up €4.5m

A Google-funded internet research centre opened its doors in Germany yesterday. The €4.5m academic institute will explore web innovations in general – and not just those related to Google. "This is not a 'Google Institute'," the company stressed in a blog post. "It is an independent academic body. Google will not interfere with …
Kelly Fiveash, 26 Oct 2011
Euro notes

Ah, so that's why French IT giant Atos is officially full of Bull

The old adage that there's safety in numbers could well be applied to systems integrators Bull and Atos as they come together in a marriage due to be consummated next month. The theory behind Atos's €620m (£490m) bid to buy cloudy and security biz Bull is to plug gaps in the portfolio, bag more customers and wring out some costs …
Paul Kunert, 29 Jul 2014
management regulation1

Employees grab Apple and Google's $325 MEEELLION olive branch in hiring suit

A collection of some of Silicon Valley's biggest companies has struck a deal with employees to end their class-action suit over allegations that the companies colluded to prevent hiring away workers. Apple, Google, Intel, and Adobe have put forth a proposal which would see the companies contribute to a $324.5m settlement fund to …
Shaun Nichols, 23 May 2014
The Register breaking news

Deleting 'innocent' DNA will cost £5m

Removing innocent people's records from the DNA database will cost almost £5m, the House of Commons was told yesterday. MP Diana Johnson asked crime prevention minister James Brokenshire how the batch loading system for getting records onto the national database worked. He explained that DNA samples are first converted into a …
John Oates, 31 Mar 2011

Kcom: Whoops – our traditional carrier biz is going nowhere

Brit telco Kcom this morning issued a stark warning about the state of customer demand for traditional carrier services – as it outlined an unremarkable set numbers for its fiscal 2014 year. The LSE-listed supplier of broadband and tech services, which this week secured a £200m revolving credit facility until June 2019, saw …
Paul Kunert, 06 Jun 2014
The Register breaking news

Boris-Bike firm penalised by £5m over system hiccups

Transport for London is witholding £5m in payments to Serco, the company behind the capital's bike rental scheme. TfL is unhappy that problems with the back-end system have seen users overcharged. It has given Serco a timetable to fix problems, according to the Beeb, and is witholding the money because of missed targets. It is …
John Oates, 09 Jun 2011

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
Broke - empty pockets

Miserly investors toss $11m at storage upstart Amplidata

Is this thin investment provisioning in action? Object storage startup Amplidata has had $11m chucked at it to grow the business – a relatively trifling amount. Amplidata develops and sells the AmpliStor object storage product, which is OEMed as Lattus by Quantum. It uses a component of its StorNext multi-tier file …
Chris Mellor, 24 Mar 2014
Google Play Store

Google slams Play Store password window shut after sueball hits

Google has sent out an update to its Play Store giving users more control over in-app purchases after a class action suit was filed against the firm in the US a week ago. Like the earlier Apple in-app purchases case, a woman has filed in San Francisco blaming the Google store for luring kiddies into spending loads of money in …
The Register breaking news

San Francisco BOFH must cough up $1.5m

San Francisco admin Terry Childs must pay nearly $1.5m for bringing down the city's network for 12 days. On Tuesday, according to the San Francisco Examiner, Superior Court Judge Teri Jackson ordered Childs to pay the City of San Francisco $1,485,791. Childs got four years' prison last year for effectively locking city …
John Oates, 18 May 2011
Kim Dotcom's Rented Mansion in New Zealand

Australia’s new AUD$5m golden visa

Australia’s yen to morph into an entrepreneurial hub for the Asia Pacific region has led to the creation of a new visa category designed to lure the world’s brightest and richest business elite. Once the Australian immigration is satisfied that you have the business credentials of the next Sergey Brin or Mark Zuckerberg, all you …
wall_street

Box shock stock doc clocks 250 million bucks

Box has filed its hotly anticipated initial public offering (IPO) paperwork to the US Securities and Exchange Commission (SEC). The upstart's S-1 document was published this afternoon, US West Coast time, putting in motion its stock market debut. Box, which provides online file-sharing for businesses, wants to raise $250m from …
Shaun Nichols, 24 Mar 2014

Restructuring costs drag down Avnet's Q2 profits

The better start to fiscal '14 at Avnet Inc is continuing though EMEA remains the damp patch for the enterprise tech side of the house and component sales in the Americas were weaker than expected. If revenue gains are the measure of success - which they frequently are in wholesaler land - then Avnet did well, with group …
Paul Kunert, 23 Jan 2014