Articles about 5m

The Register breaking news

Phorm losses shoot up by half

Phorm made a loss of $24.7m (£13.8m) in the first half of 2008 as it fought privacy advocates, lobbied to get politicians on side and tried to overcome technical problems dogging its ISP adware system. The firm's losses were up 52 per cent compared to the same period in 2007. It still has about £24.9m in cash reserves, mostly …
The Register breaking news

Fringe box office FAIL pushes sales down 10%

Ticket sales at the Edinburgh Festival Fringe were down ten per cent this year, in part because of the technical failure of its box office system. Organisers at the arts fest admitted 2008 has been a very difficult year for the festival. The Fringe launched its new Liquid Box Office electronic system in June, but it failed to …
Kelly Fiveash, 26 Aug 2008
The Register breaking news

Cable broadband shines in Virgin Media Q2

Virgin Media's recent move to push broadband to the centre of its offering is paying off. The firm announced strong underlying profits today and said it expects its forthcoming 50Mbit/s network upgrade to further distinguish it as a premium/expensive ISP. Some 19,500 net customers left the firm in the three months to 30 June, …

IBM throws arms around ILOG

IBM is buying French software maker ILOG for €215m ($340m). The tech giant said today the deal is part of IBM’s strategy to beef up business process management and service-oriented architecture technologies. The offer price represents a premium of about 56 per cent compared with ILOG’s one month average closing share price …
Kelly Fiveash, 28 Jul 2008

Ingram's second quarter cheers

Super distie Ingram Micro increased sales to $8.82bn for the quarter ended 28 June 2008 compared to $8.19bn for the same period last year. Sales were helped by a six per cent improvement in currency exchange rates. Net income in the second quarter was $58.9m, compared to $52.4m last year. Ingram spend $5.5m on reducing costs …
John Oates, 25 Jul 2008
The Register breaking news

Vodafone shares tumble on interims

Vodafone, the world's largest cellco, grew revenues to £9.1bn, up by nearly 20 per cent, or 1.7 per cent organic growth, in the three months ended 30 June 2008. The company now has 269m mobile customers, an increase of 8.5m on last quarter. Data revenues grew 29.4 per cent to £664m. But Vodafone expects revenue for the year …
John Oates, 22 Jul 2008

SCO ordered to pay Novell $2.5m Unix royalties

A US district court judge yesterday ordered SCO to pay Novell $2.5m for unjust enrichment, breach of fiduciary duty and conversion. Judge Dale A Kimball’s ruling in the SCO vs Novell lawsuit came 10 weeks after a four-day trial to decide how much money SCO should cough up to Novell. Groklaw, which has a copy of the ruling …
Kelly Fiveash, 17 Jul 2008
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Dimension Data doubles profits

IT services firm Dimension Data said that better than expected revenue growth in Africa and Europe contributed to a strong trading performance in the first half of 2007. The IT infrastructure provider announced its six month interim results today, for the period ended March 2007. It said that "the first half of FY2007 was a …
Kelly Fiveash, 9 May 2007

Northgate continues shopping spree

Payroll software giant Northgate has bought yet another firm, acquiring management consultancy Kendric Ash in a deal that could be worth up to £14.2m. Under the deal, Northgate will initially pay £9.2m for the firm, with a deferred payment of £500,000 to come later on, and a further payment of up to £4.5m once certain …
Ciara O'Brien, 3 May 2007

Fayrewood sells shares in ComputerLinks

Computer hardware and software distributor Fayrewood plc has today sold its shares in ComputerLinks AG. Fayrewood owned 27.47 per cent of ComputerLinks AG, a European value-added distributor of computer security products. The firm said that the net proceeds from the sale are expected to be €27.4m, having traded at €13.55 …
Kelly Fiveash, 26 Mar 2007

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