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Qlogic beats own estimate

Storage connctivity biz QLogic beat estimates with a Q4 revenue raise. Instead of the expected $116m, QLogic revenues were $119.4m in its fourth fiscal 2016 quarter, down 10.5 per cent year-on-year and, as seasonally expected, down 2.7 per cent on the prior quarter. Full fy2016 revenues were $458.9m, 11.8 per cent less than …
Chris Mellor, 06 May 2016
Pennies in a jar. Photo via Shutterstock

Long term sick-note abuser Misco not losing nearly as much money

A pinkish hue has yet to return to the cheeks of sickly European reseller Misco but its latest financials indicate the patient is finally out of intensive care - the same cannot be said of its parent. Most of Misco’s vital statistics improved in calendar Q1, all but sales which slipped 5.3 per cent to $258.2m - or were down a …
Paul Kunert, 04 May 2016

Gozi trojan mastermind sentenced by US court to time served

The self-confessed creator of the infamous Gozi trojan was sentenced to time served and ordered to pay $6.9m in restitution by a New York court on Monday. Nikita Kuzmin, a 28-year-old Russian citizen, pleaded guilty to computer hacking and fraud charges in May 2011. He was released after 37 months served on remand, as part of …
John Leyden, 04 May 2016

Argos defection to Tech Data whips Ingram Micro's bottom... line

The loss of a retail supply contract with Argos helped push Ingram Micro’s European sales growth into the barrier’s during car crash Q1 financials. The US-headquartered tech distributor reported sales of $2.66bn on this side of the pond for the period ended 31 March. This was down 13.35 per cent year-on-year. Ingram is being …
Paul Kunert, 03 May 2016
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There's never been a better time to be a product reseller... if you like pain

Tough times are here again for the on-premise infrastructure providers with Insight Enterprises the latest to report top line slippage. The global reseller filed sales of $1.17bn for calendar Q1, down four per cent year-on-year, as declines in European and Asia Pacific ops wiped out the slight progress made in North America. …
Paul Kunert, 29 Apr 2016
Small truck skids towards side of road as wheel comes loose. Photo by shutterstock

WD’s revenue wheels have fallen off. Profits are sinking, too

WD is experiencing global disk drive cooling as the slowing PC jetstream and flash El Nino jointly disrupt the HDD environment. But that's enough in the meteorological metaphor line. WD revenues fell 21 per cent year-on-year to $2.8bn in WD’s third fiscal 2016 quarter, which closed April 1. The quarter-on-quarter compare …
Chris Mellor, 29 Apr 2016

Chomp! Barracuda gets its bite back after turning a profit again

The sum of $83.7m exceeded Barracuda’s revenue estimates for its fourth fiscal 2016 quarter, ended Feb 29, 2016. It was a 16 per cent rise year-on-year and a 4.5 per cent rise quarter-on-quarter. There was a $3.2m net profit, pleasing after five straight loss-making quarters. The full year revenue number was $320.2m, 15.4 per …
Chris Mellor, 28 Apr 2016
Gary Kovacs, CEO of AVG. Pic: World Economic Forum

Mobile antivirus sales offset declining search revenues for AVG

The scourge of Android malware is helping to bolster the bottom line of security software firm AVG but the firm still ended up recording a slight decrease in profits. For the first quarter ending 31 March 2016, AVG posted revenues of $107.9m, compared to $102.8m in Q1 2015, a rise of five per cent. Sales from AVG’s emerging …
John Leyden, 28 Apr 2016

Check Point chugs on: Profits and revenues up despite volatile market

Check Point’s share price has dipped a touch after the firm reported lacklustre Q1 financial results. During the first quarter ending 31 March 2016, Check Point’s total revenues came in at $404m, compared to $373m in the first quarter of 2015, a nine per cent increase year-on-year. Its GAAP net income rose, albeit modestly. …
John Leyden, 21 Apr 2016
Close up of etched silicon

ARM Holdings gives the thumbs-up, reports revenue and licensing uptick

Chip designer ARM has reported revenue and profit increases in Q1, with its shares trading up despite a moody FTSE 100 this morning. Q1 2016 saw a year-on-year dollar revenue rise for ARM at 14 per cent (22 per cent in £) when its results were posted today. Pre-tax profits of £137.5m are an increase of 14 per cent year-on-year …

Mitel nabs Polycom in $1.96bn deal

Elliott Management has struck again: Mitel has agreed to cough $1.96bn for bigger unified comms rival Polycom some months after the activist investor took a stake in both businesses and started the match-making. The $23bn hedge fund took a 6.6 per cent stake in Polycom and 9.6 per cent in Mitel in October and was calling for …
Paul Kunert, 15 Apr 2016
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Capita not sitting on Hands: IT Enterprise Services boss splits

Capita IT Enterprise Services (ITES) overlord Peter Hands has strapped on his walking boots and strolled right out of the business for pastures news, the company has confirmed. Insiders claimed Hands had been under some pressure from the group’s joint COO Dawn Marriott-Sims, who was critical of the whole of ITES, “especially …
Paul Kunert, 11 Apr 2016
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Exertis slurps wireless distie Siracom

One of the UK’s bulkiest tech distributors Exertis has piled on a few more pounds by acquiring wireless infrastructure and security minnow Siracom for an undisclosed sum. Siracom, which also has offices in beautiful Basingstoke, sells products and services from vendors including Samsung, Fortinet and a bunch of lesser knowns. …
Paul Kunert, 07 Apr 2016
The lift-off of New Shepard

3D printers set for lift off? Yes, yes, yes... at some point in the future

3D printing is still perched on the edge of greatness, industry types insist, but sales are not yet matching the marketing bluster. The latest stats in the shipment stakes arrived on our desks today from the number-crunchers at Context - units sales went up 19 per cent year-on-year in Q4 to 73,012 machines. Some 96 per cent …
Paul Kunert, 05 Apr 2016

Brocade stirs up a Ruckus, swallows wireless kit maker for $1.5bn

Brocade is buying Ruckus Wireless for cash and shares, valuing Ruckus at around $1.5bn, and giving it entry to the growing enterprise wireless networking market. The deal has been approved by both companies’ boards of directors. Ruckus stockholders will get $6.45 in cash and 0.75 shares of Brocade common stock for each share …
Chris Mellor, 04 Apr 2016

Sphere 3D keeps business ship afloat atop sea of red ink

+Comment Overland Storage's – oops, sorry – Sphere 3D's ability to walk on water, otherwise known as floating on red ink, continues unabated with its fourth quarter and full calendar year 2015 results. Tape and disk data protection vendor Overland Storage was bought by Sphere 3D in December 2014. Much has been made of its Glassware …
Chris Mellor, 01 Apr 2016
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Michael Dell takes $11m pay hit

Michael Dell has taken an $11m (£7.7m) pay cut ahead of the company's $67bn gobble of EMC, according to a filing to US regulator the Securities and Exchange Commission. In January 2016, Michael Dell took home a total package of $2.4m - which included his salary of $950,000. The last available compensation table for Dell's top …
Kat Hall, 31 Mar 2016
Ethernet cable rises up like a snake (artist's impression). Image via shutterstock

Arista takes on the network big boys with switchin 'n' routing gear

Arista is taking on the big boys of Cisco and Juniper with its new switching and routing platform for cloud service providers and enterprise data centres. The Arista 7500R “universal spine” device combines the functions of a high speed modular switch and a router. It is based on Broadcom’s “Jericho” silicon enhanced with …
Kat Hall, 29 Mar 2016

NetApp dropped the ball by letting EMC gobble Data Domain

IDC has published its quarterly confirmation that EMC’s Data Domain is crushing the competition in the purpose-built backup appliance market. The analyst outfit’s Worldwide Quarterly Purpose-Built Backup Appliance Tracker for 2015’s fourth quarter lists the top five vendors’ revenue amounts and shares for both the 2015 and …
Chris Mellor, 29 Mar 2016
Apple iPod touch

Apple's largest UK reseller Jigsaw24 is for sale

The UK’s largest Apple reseller, Jigsaw24, is for sale, multiple industry contacts have told The Channel. The Nottingham-based B2B seller has hired Deloitte to run the process, a move that comes just three years after private equity outfit NorthEdge Capital (NEC) moved in to back a roll up by the management team. In recent …
Paul Kunert, 18 Mar 2016

Steve Jobs, MS Office, Israel, and a basic feature Microsoft took 13 years to install

tropeR laicepS You know the cliches: software is always late, and some features take longer to implement than others. The software feature you’re about to read about has only taken 13 years to implement, and turned out to be one of the most politically explosive we’ve ever covered. Cast your mind back to the beginning of 2002. Apple was in …
Andrew Orlowski, 15 Mar 2016

UK fella is a multimillion-dollar cyber-hustle mastermind – US DoJ

A UK bloke living in America has been indicted by the US Department of Justice (DOJ) for allegedly running a multi-million-dollar online fraud operation. The DOJ claims 37-year-old Gareth David Long operated a series of schemes that allowed him to illegally withdraw money from the bank accounts of thousands of unsuspecting …
Shaun Nichols, 12 Mar 2016

Computacenter eyes investment plans for growing cash mountain

Computacenter's centre of gravity shifted eastwards in 2015, as the mega reseller’s German operation fired on all cylinders while its UK box-shifting business sputtered. At the same time, its CEO and chairman both seemed to suggested it could be looking even further afield as it ponders what to do with its enormous cash pile …
Joe Fay, 11 Mar 2016
Violin

Violin Memory axes quarter of its staff after finances hit a bum note

Violin Memory has become a sub-$50-million-run-rate company with its latest loss-making quarter, and announced a 25 per cent head count cut in a restructuring exercise. The beleaguered all-flash array company saw revenues in its fourth fiscal 2016 quarter, ended Jan 31, of just $10.9m, the lowest amount in more than three …
Chris Mellor, 10 Mar 2016

Systemax bleeds cash, reports $100m net loss for 2015

The cost of exiting its North America reseller biz propelled Systemax’s net losses to nearly $100m in calendar 2015 - but European ops might just be finally showing some signs of recovery. The supplier, in the midst of a turnaround strategy, offloaded the Technology Group reseller biz in December to PCM for $14m but then …
Paul Kunert, 09 Mar 2016
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Array biz's figures leave little to the Imation

Well, we were expecting diminished revenues and growing losses – and storage biz Imation didn't pull off any last-minute surprises. The Minnesota-based outfit's revenues were down 52 per cent year-on-year in its final quarter of 2015 as it divested itself of everything except its Nexsan array business and the acquired …
Chris Mellor, 08 Mar 2016
Cat 5 cable

Phorm suspends its shares from trading amid funding scrabble

Controversial web monitoring business Phorm has temporarily suspended trading in its shares after failing to secure funds. In a statement to the London Stock Exchange yesterday, it said it is in "advanced discussions" regarding alternative financing. "There can be no guarantee that such discussions will result in any funds …
Kat Hall, 26 Feb 2016
Marc Benioff of Salesforce. Pic: Techcrunch

Life's three certainties: Death, taxes and Salesforce losing money

Three things in this life are certain: death, taxes, and SaaSy player Salesforce reporting losses. And so it has come to pass that another quarter has gone by and CEO Marc Benioff’s biz is still finding ways to burn cash. For the three months ended 31 January, the online software slinger reported revenues of $1.809bn, up 25 …
Paul Kunert, 25 Feb 2016
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Alternative Networks issues profit warning on soggy mobile bottom

London-listed tech and comms provider Alternative Networks has issued a profit warning on the back of sliding roaming charges. The company said it was “too early” to quantify the impact on results for fiscal ’16 but the board reckons current estimates for aggregate revenues in the half-year ending March are “broadly” in line …
Paul Kunert, 25 Feb 2016
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Poor Azzurri. Another year gone and profits still elude them

Restructuring, amortisation and poor demand for large specialised call centres kept sales growth and profits beyond the reach of Azzurri Communications, its latest P&L accounts have revealed. The Weybridge-based firm reported a three per cent dip in revenues to £101.2m for the fiscal year to June 2015. It blamed “regulatory …
Paul Kunert, 23 Feb 2016

Arista cats hiss at Cisco, crack open the cream after bumper sales

Arista Networks has topped analyst expectations by posting a 40 per cent revenue jump in its latest quarterly returns. The networking company said the fourth quarter results put the cap on a "spectacular" 2015 that saw revenues spike even in the midst of an ongoing legal struggle against Cisco. "I have been pleased with the …
Shaun Nichols, 19 Feb 2016
Axe, image via Shutterstock

Vodafone puts hundreds of Brits on the 'at risk of layoffs' list

Vodafone has embarked on a major cost purge that could see hundreds of workers laid off, insiders have told The Register. El Reg was contacted by staff at the telco who told us around one-fifth of those put at risk of redundancy are techies, but that many more in “customer-facing” roles will go too. Vodafone employed 12,391 …
Kat Hall, 17 Feb 2016
Suitcase full of money

US software biz fined $28 million for bribing Chinese buyers with free vacations, gifts

Massachusetts-based software maker PTC and two of its Chinese subsidiaries have been fined $28m for bribing buyers in the Middle Kingdom. US regulator the SEC found that PTC, which builds design and process management software, broke the Foreign Corrupt Practices Act (FCPA) between 2006 and 2011. The American biz bunged …
Iain Thomson, 16 Feb 2016
Hadoop

Great news, investors of Hortonworks: Only $179.1m net loss in 2015

All that glitters in the world of big data is not necessarily gold - just ask Hadoop-flinging Hortonworks and its army of investors that are today counting the latest annual losses. The Santa Clara-based business reported revenue of $121.9m for the twelve months ended 31 December, versus $46m in the prior year, as customer …

SAP pays $3.9m to settle Panama government bribery case

SAP will pay nearly $3.9m after a senior executive was found to have bribed officials in the government of Panama to land lucrative deals. The software giant has agreed to pay $3.7m in profit plus an extra $188,896 in interest. SAP did so without admitting or denying the findings of the regulator that brought the bribery case …
Gavin Clarke, 03 Feb 2016
Boy with a backpack hides his eyes and cries. Pic by Shutterstock

RM's core tech division suffered a 12% revenue dip in 2015

Ditching PC production, the running down of the old Building Schools for the Future contracts, and relatively “subdued” government spending on education ate into RM’s lunch money in 2015. The specialist education supplier turned over £178.2m in the year ended November, down 12 per cent on the prior fiscal, and it was all the …
Paul Kunert, 01 Feb 2016

Seagate’s triple whammy: Disk numbers, costs, and flash

Peak disk has passed and Seagate has a triple problem set: disk build numbers; costs and pricing; and what to do about flash. Revenues for Seagate’s second fiscal 2016 quarter, ended Jan 1, were $2.98bn, down 19.4 per cent on $3.7bn a year ago. Net income was $165m, representing an 82.3 per cent fall on Q215's $933m. …
Chris Mellor, 30 Jan 2016
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The Quantum of solace: Well, at least the scale-out storage revenues were up

Quantum unsurprisingly saw declining revenues in its third quarter, hit by general storage market weakness and tape pricing falls which offset scale-out storage revenue increases. Revenues shrank 10 per cent annually to $128m in its fiscal 2016 third quarter ended Dec 31, 2015. They rose 9.4 per cent on the sequential compare …
Chris Mellor, 29 Jan 2016

Puppet master investors tug on Citrix as 'wind turns'

Puppet master-cum activist investor Elliot Management appears to be pulling virtualisation vendor Citrix's strings in the right direction… for shareholders if not for some staff. Elliott Management upped its stake in Citrix last summer and made it known it wasn’t happy about the state of the business or share price, and …
Paul Kunert, 28 Jan 2016

Glum Commvault vaults out of the well it's been stuck in for months

All the hard work over the past few quarters at Commvault has paid off with a return to profits and increased revenues. In its third fiscal 2016 quarter, ended Dec 31, 2015, its revenues of $155.7m were up 11 per cent sequentially, 2 per cent year-over-year, and 6 per cent on a year-over-year constant currency basis. GAAP net …
Chris Mellor, 27 Jan 2016
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All-flash array bake-off: Load DynamiX finds six AFAs go into four

A Load DynamiX six-vendor all-flash array bake-off seems to have involved a short list of just four vendors. Two appear to have gone missing. Load DynamiX has software to enable a storage workload to be modelled and run using potential suppliers’ arrays to test out which ones are best suited to the job. LD_Case_Study The …
Chris Mellor, 26 Jan 2016
Splices

Splice Machine bags $9m to fund RDBMS on Hadoop and Spark

Splice Machine has secured $9m in C-round funding to carry on splicing Hadoop and relational database management system (RDBMS) technologies together. Total funding is now $31m and the extra cash will pay for accelerated product, sales and marketing efforts. So what is the problem that this start-up is trying to solve? Splice …
Chris Mellor, 22 Jan 2016

Google forked out a whopping $16m on govt lobbying last year

Google has once again proved it is Silicon Valley's biggest lobbying spender, splashing out more than $16m (£11.2m) for the second year running in its attempts to bend the ear of government. The data is from records for 2015 analysed by non-profit group Consumer Watch, which monitors the lobbying activities of Silicon Valley's …
Kat Hall, 22 Jan 2016
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MariaDB hires new CEO with code daddy Monty in as CTO

MariaDB has welcomed Michael Howard as its new CEO. MySQL giant Michael "Monty" Widenius has also been appointed as CTO. The appointments have been announced today, alongside a $9m equity financing bundle from Intel Capital and California Technology Ventures, among others. Howard is a Berkeley graduate who has worked at …
Birthday Cake

Happy 30th birthday, IETF: The engineers who made the 'net happen

Special report Thirty years ago today, 16 January 1986, the Internet Engineering Task Force – IETF – was born at a meeting in San Diego. It was humble beginnings and the organization that is more responsible than any other for turning a research project into a viable global communications network boasted an initial attendance of just 21 …
Kieren McCarthy, 16 Jan 2016
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Basho bashed by bolshy backer, ex-boss claims in court brouhaha

Basho Technologies is being sued by its cofounding ex-CEO, who alleges a major investor caused a disastrous fall in the company's finances. Antony Falco and Earl Galleher founded Basho in 2008. The biz, based in Bellevue, Washington, develops the Riak distributed NoSQL database that can store massive amounts of unstructured …
Chris Mellor, 08 Jan 2016
Exocet anti-ship missile

Storage suppliers: Who reached for the stars, who burned up in orbit?

Storage year in review, part 3 Winners, losers, refugees, death, near-death, and a miraculous recovery ... all these were things that characterised the year for storage suppliers in 2015. They experienced earthquake-level changes as the movement of tectonic storage plates like flash, the cloud, server-based storage and activist investors shook old assumptions …
Chris Mellor, 03 Jan 2016

Google probes AVG Chrome widget after 9m users exposed by bugs

Google has banned AVG from automatically installing its Web TuneUp Chrome extension – after the widget wrecked the online security of nine million people. Tavis Ormandy, a Google Project Zero researcher who has been auditing antivirus software, found the extension was riddled with vulnerabilities. Web TuneUp is installed with …
Chris Williams, 29 Dec 2015
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Channel on red alert as Alternative Networks scours market for buys

Alternative Networks is shuffling back onto the acquisition trail following some eye-wateringly expensive buys that are now fully integrated and proved to be grist to the mill for its cloud aspirations. The comms-cum-tech integrator, which is wrapping its much of the portfolio in the fluffy white, today reported a nine per …
Paul Kunert, 09 Dec 2015
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Huawei: Hey, storage bigshots – we're coming for your top 3 spot

China is coming to shake up our cosy storage world, with Huawei hoping for a top three supplier spot by 2018. Fan Ruiqi, Huawei’s storage products president, told Reuters: “We don't want to just be number one in China ... We want to be at least the top three in the world by 2018” in the storage business. That means acquiring …
Chris Mellor, 08 Dec 2015