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Google and Microsoft

Microsoft to Samsung: COUGH UP $6.9m in unpaid interest over Android PATENT SPAT

Microsoft is pursuing $6.9m in unpaid interest on smartphone royalty payments of more than $1bn from electronics giant Samsung, a freshly unsealed lawsuit revealed on Friday. The ugly spat comes after Redmond accused Sammy of violating a so-called arms length business contract between the two companies. Since then, Microsoft …
Kelly Fiveash, 04 Oct 2014

Former Systemax execs charged over $9m fraud, tax evasion

The Feds have now charged ex-Systemax senior exec Gilbert Fiorentino, following on from his brother and former colleague Carl, with allegedly perpetrating fraud to the tune of millions of dollars as well as evading tax. The criminal case was last night confirmed by the US Attorneys’ Office for the southern district of Florida …
Paul Kunert, 21 Nov 2014

Shazam! Record labels shovel $9m into name-that-song app

Three of the world's biggest record labels have clubbed together to invest in London-based name-that-tune firm Shazam. Access Industries, the company which owns Warner Music Group, and Universal Music Group owners Vivendi have teamed up with Sony Music Entertainment to each take a rumoured $3m stake in Shazam. Recent estimates …
Jasper Hamill, 15 May 2014
SOURCE: http://www.sxc.hu/photo/959469

US government nabbed $2.9m in May Bitcoin seizure

More information has come to light regarding the US government's recent seizure of funds from online accounts belonging to Mt. Gox, the world's largest Bitcoin exchange. El Reg reported in May that the Department of Homeland Security had frozen an account with mobile payment processor Dwolla belonging to Mutum Sigillum LLC, a …
Neil McAllister, 21 Aug 2013
The Register breaking news

Widow lost savings in Facebook stock, sues all concerned for $1.9m

Global financial services firm Morgan Stanley is trying to get its name removed from the securities case of a New Jersey widow who lost her life savings in the Facebook IPOcalypse. Uma Swaminathan filed an arbitration complaint with the Financial Industry Regulatory Authority (FINRA) looking for $1.9m compensation for the …

Redstone throws £9.9m at sickly managed services firm in all-share deal

Cloud and network integrator Redstone made a bid today for troubled managed services provider (MSP) Maxima, valuing the firm at £9.9m. The all-share deal between the AIM-listed firms equates to a 38 per cent premium on Maxima's market cap. Including the MSP's net debt of £3.9m at the end of May 2012, the acquisition represents …
Paul Kunert, 17 Sep 2012

Transport Dept dishes out £1.9m rail database deal to Capita

The Department for Transport (DfT) has awarded Capita Symonds a contract for a rail passenger counts database system, worth £1.9m. The database will allow all train operating companies (TOCs) to upload data about the number of passengers on train services into a single, standardised, database. "The data will then be used by DfT …
The Register breaking news

Hunt splashes £56.9m broadband cash on Wales

Wales has won broadband funds of £56.9m from the Coalition's £530m investment pot, following a successful bid for the cash from the Welsh Assembly. However, the Welsh government needs to match the investment if it hopes to achieve its "superfast" broadband upgrade plan to reach 90 per cent of homes and businesses in Wales. "If …
Kelly Fiveash, 12 Jul 2011
Fraud image

New licence and SAP unit sale knackers Software AG's numbers

Delayed IT projects and offloading the SAP business have dealt Software AG’s business a double blow for its latest quarter. Germany’s other major software maker today reported a second-quarter revenue drop of 18 per cent to €196m ($263.9m) and net income halved to €14.2m ($19.1m). Earnings per share was also almost halved to €0 …
Gavin Clarke, 24 Jul 2014
gavel_judgment_channel

Samsung says teaming up with mobe-maker Microsoft could violate antitrust law

Samsung has taken a new tack in its ongoing patent royalty spat with Microsoft, claiming that its former partnership with Redmond should be considered null and void as it could violate US antitrust law. Microsoft is suing Samsung for $6.9m in interest on royalties that it says it's owed under the terms of a 2011 business …
Neil McAllister, 01 Nov 2014

Life is good in the data centre – UKFast boss reports from hot tub

If life is hard in the data centre space, then someone forget to tell the boss of UKFast, who may just be toasting a bumper 2013 from the confines of his corporate hot tub. The Manchester-based hosting biz, which plies its trade from three fully owned bit barns in Trafford Park, posted results for last calendar year and they …
Paul Kunert, 13 Oct 2014
IMation_Q3fy2014

Scalable storage outfit Imation SLIDES BACK after recovery

Formidably troubled storage outfit Imation, the company dragged down by delayed exits from the tape and optical media markets, has recorded a third quarter loss 76 per cent worse than last year on revenues just nine per cent down on the year. The third 2014 quarter saw revenues of $175m, compared to $178.6m a quarter ago and $ …
Chris Mellor, 04 Nov 2014

Brit giant Daisy stuffs face with treats, but she ain't piling on ££££££s

Telecoms provider Daisy Group forked out tens of millions of pounds on acquisitions in fiscal 2014 – only to see its top line stagnate as organic growth fell off a cliff in its legacy calls business. Operating losses have widened and debts mounted. The British biz spent £35.3m on four buys: £7.5m to pick up two of 2e2's data …
Paul Kunert, 17 Jun 2014
Asus MeMO Pad 7 Android tablet

OFFICIAL: Fondling of Apple's slab declines – iPad sales DOWN in Q3

Global Q3 2014 iPad sales of have fallen by almost 13 per cent, year on year, against a backdrop of worldwide fondleslab growth, according to analyst figures released on Friday. However, Apple still owns the lion's share of the market, with iPads comprising nearly one in three tablets sold, said IDC. Shipments sank by 12.8 per …
Kat Hall, 31 Oct 2014

Our system handles £130bn and it's BUST. Want the job of fixing it? Apply to UK.gov

The Department for Work and Pensions (DWP) has identified "technical and security vulnerabilities" in its £284.9m central benefits payment system - responsible for underpinning the much-maligned Universal Credit programme and processing 13 million payments each week, The Register can reveal. The Central Payments System's …
Kat Hall, 20 Nov 2014

Avnet CEO: enterprise tech spending on the turn in fiscal Q1

A dark cloud hanging above Avnet’s Asian and EMEA computing components biz cast a shadow over the relatively decent start to fiscal ’15 for the Technology Solutions division. The enterprise tech bellwether reported sales of $2.46bn for the quarter ended September, up 2.4 per cent on an organic basis versus the same period a year …
Paul Kunert, 27 Oct 2014
NBN Co Customer premises equipment

NBN Co reports fibre traction and Telstra action

NBN Co has made the slightly awkward announcement that it's more than tripled the number of premises connected to its fibre network in the past year, while maintaining its commitment to the multi-technology model for future rollouts. It's chalked up the connections surge in spite of a management bonfire, several reviews to …
The Register breaking news

Russian Vostok capsule sells for $2.9m

A Vostok capsule identical to the one in which Yuri Gagarin became the first man in space sold at auction yesterday for $2.9m. The Vostok 3KA-2 capsule. Pic: Sotheby's On 23 March 1961, the Vostok 3KA-2 (pictured) carried the life-sized mannequin Ivan Ivanovich and the dog Zvezdochka ("Little Star") on a 115-minute space flight …
Lester Haines, 13 Apr 2011
The Register breaking news

$9m RBS WorldPay hack mastermind avoids jail

The Russian hacker at the centre of a massive $9.4m fraud against RBS WorldPay has avoided jail after he agreed to turn informant on his fellow cybercriminals and pay compensation to the bank. Viktor Pleshchuk, 29, of St. Petersburg, Russia, received a six year suspended sentence after agreeing to pay back 275m roubles ($8.9m) …
John Leyden, 10 Sep 2010
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

ANOTHER red-ink-spattered quarter for Overland Storage

Data manager Overland is still making losses (bigger ones more recently) with profitability like a mirage forever receding into the distance, despite having acquired Tandberg Data as a way of cutting its operating expenses and expanding its markets. Revenues for its 2015 first fiscal quarter were $22.9m, double the $10.6m …
Chris Mellor, 14 Nov 2014
data centre

Order delays hit Avnet Tech Solutions' results, profits slide

The postponement of projects in North America led to "weaker than expected" results at Avnet's enterprise IT wing, Technology Solutions, as ops in EMEA continued to limp along during fiscal Q3 ended 29 March. At group level, Avnet Inc - which comprises TS and Electronics Marketing (EM) - reported sales of $6.68bn, rising 6.1 per …
Paul Kunert, 25 Apr 2014

Insight CEO: We've found bottom line balm to soothe Microsoft pain

Microsoft’s heftiest enterprise licensing pal Insight Enterprises is now managing the biting fee reductions emanating from Redmond to such an extent that it feels enough comfort to lift bottom line forecasts for 2014. In contrast, as the reseller titan rolled out Q2 numbers showing revenues stagnation, it pulled down estimates …
Paul Kunert, 01 Aug 2014
The Register breaking news

BBC IT project to save £17.9m cost it £38.2m net

MPs have given the BBC a kicking over its Digital Media Initiative, a technology development programme that was meant to deliver a "benefit" of £17.9m but ended up costing it a net £38.2m. The Public Accounts Committee hauled the Beeb over the coals, questioning why the project was handed to Siemens in 2008 without tendering, …
Joe Fay, 07 Apr 2011

All awash in red ink, but Overland Storage is still swimming

Overland Storage, the troubled tape and low-end scale-out disk array storage vendor, is still battling on, with a swell in revenues despite increasing losses. How does CEO Eric Kelly do it? Overland's fourth quarter (Q4) and fiscal 2014 year headline numbers are, well, impressive comes to mind: Q4 revenues of $24.2m, up 100 per …
Chris Mellor, 24 Sep 2014

Yahoo! co-founder Jerry Yang joins board of Oracle rival Workday

Yahoo! co-founder Jerry Yang is taking a hand in the affairs of fast-growing Oracle and SAP competitor Workday. Workday announced on Monday that Yang had joined its board, where he’ll lend his experience helping build its Enterprise Resource Planning (ERP) service. The company is banking on Yang’s experience in building …
Gavin Clarke, 26 Nov 2013
The Triton unmanned aircraft system completes its first flight May 22, 2013

US Navy trials GIANT ROBOTIC SPYBIRD for coastal patrols

The US Navy has completed early test flights on a drone aircraft which sports a wingspan of more than 130 feet (39.9m). Northrop Grumman said that its MQ-4C Triton aircraft has passed a series of nine test runs with the Navy. The trials are designed to test the craft's endurance and manoeuvrability under normal flight conditions …
Shaun Nichols, 08 Jan 2014

AMD-AMMIT! Hundreds face axe at chip maker as PC, graphics crash

Following a grim earnings report on Thursday, AMD has announced a restructuring plan that includes axing seven per cent of its workforce by the end of the year. The plan will see AMD issuing layoff notices to about 710 employees worldwide, and is expected to cost the chipmaker $57m in severance payments. "While decisions that …
Neil McAllister, 17 Oct 2014

Insight: Tech market's stabilising, time to start hiring again

It was a mixed bag of a third calendar quarter for reseller titan Insight Enterprises: sales shot up, as did operating profit, but gross margin was slapped by lower vendor rebates and overheating admin expenses. The US-based biz reported year-on-year sales growth of eight per cent to $1.24bn; rising four per cent in North …
Paul Kunert, 31 Oct 2014
Tesla's Elon Musk

Elon Musk hits the brakes on Tesla's e-SUV Model X production

Tesla's shares jumped seven per cent in after-hours trading after it announced a better than expected third quarter. The electric car manufacturer delivered just under 8,000 Model S sedans in the three months to September 30, generated $851m in GAAP revenue (up 97 per cent year-on-year) and recorded a GAAP net loss of $74.7m (94 …
Kieren McCarthy, 06 Nov 2014
Angry Birds

Angry Birds CEO hops into slingshot, goes 'WEEEEE!'

The CEO of the company behind mobile gaming hit Angry Birds has announced his intention to leave the gaming firm. Rovio Entertainment said that Mikael Hed, long time business leader of the Finnish games firm that made flinging wildfowl a global craze, would be stepping down from the company on New Year's Day. His replacement …
Shaun Nichols, 29 Aug 2014

Trustmarque: £2m profits evaporated after accounting change

A change in revenue recognition wiped £2m off Trustmarque’s profits according to the firm’s strategic and financial report, which also provides more details on its near-collapse and subsequent sale to Liberata. As revealed, the York-based enterprise software licensing biz ran into cash flow difficulties last month after changing …
Paul Kunert, 09 Oct 2014
Malaysia Airlines Boeing 777 9M-MRO

Chinese hackers spied on investigators of Flight MH370 - report

Malaysian officials investigating the disappearance of flight MH370 have been targeted in a hacking attack that resulted in the theft of classified material. The malware-based hacking attack hit around 30 PCs assigned to officials in the Malaysia Airlines, the Civil Aviation Department and the National Security Council, a …
John Leyden, 21 Aug 2014

Shopping spree helps Arrow counter organic sales slump

Healthy organic sales growth has once again proved slippery for enterprise tech bellwether Arrow Inc to grasp, though demand for heavy duty software and hardware started to re-emerge. At group level, the tech distie reported revenues of $5.68bn, up seven per cent year-on-year as reported – but this was largely due to …
Paul Kunert, 30 Jul 2014
Swallow

Struggling tape bods Quantum a few quids in after good quarter

One swallow doesn’t make a summer but two certainly does indicate warmer weather is on the way. So too for Quantum, which has just made a profit – the first one after four quarters of losses. Quantum, that perennially struggling tape, disk and file management vendor, has just reported a positive second fiscal 2015 quarter ending …
Chris Mellor, 30 Oct 2014
Peter Jones, Dragon's Den star

Dragons' Den badboy ups Expansys bid to £7.55m

Lanky Dragons' Den badass Peter Jones is edging closer to signing a deal to buy AIM-listed Expansys for a fraction of the price of some shares he placed on the market in 2010. The irascible tennis aficionado – Jones trained as a coach in his teens – launched an initial buy-out offer of £6.1m via PDJ Bidco in January, but upped …
Paul Kunert, 03 Mar 2014
The Register breaking news

Russia arrests three over $9m RBS WorldPay scam

Three men suspected of orchestrating a massive $9m cyber-raid on RBS WorldPay involving cloned payroll cards and hacking have been arrested by Russian's FSB internal security service. Viktor Pleshchuk, the alleged ringleader, and two accomplices, Sergei Tsurikov and Oleg Covelin, were arrested on suspicion of masterminding the $ …
John Leyden, 22 Mar 2010
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Systemax: Senior Blighty bods let us down, so we cut them

Systemax has opened up on the senior management re-org of UK ops after admitting the business took a turn for the worse over the summer. The transatlantic reseller last night reported calendar Q3 financials: turnover was up four per cent year-on-year to $825.4m, but excluding the SCC Netherlands acquisition, organic growth was …
Paul Kunert, 05 Nov 2014
John Newton

One for the road: Alfresco gulps $45m pre-IPO VC shot

Alfresco software is beefing up the sales push with one last shot of venture-capital courage before going public. The British open-source business will open new offices and hire sales people to open more doors in the enterprise and big government, the company’s chief technology officer and chairman John Newton has said. New …
Gavin Clarke, 26 Aug 2014
Brueghel_Leapfrog

Hopeful hybrideer Reduxio grabs more cash for disk+flash

A late-coming hybrid flash/disk array startup, Reduxio, has acquired $15m in additional funding to build a better box. Three hybrid array companies are going gang-busters. Post-IPO Nimble Storage and pre-IPO Tegile and Tintri are all growing at triple-digit rates, as they tear into the mainstream array suppliers' customer bases …
Chris Mellor, 07 Oct 2014

Violin CEO gazes at red-smeared accounts: Firm posts $149m loss

Incoming CEO Kevin DeNuccio has presided over Violin Memory's first quarterly results since assuming the hot seat and painted a real poor picture. The only way is up, right? It's traditional; an incoming CEO rescuing a troubled firm clears out all the lousy items on the first earnings call to help make subsequent ones look good …
Chris Mellor, 07 Mar 2014
Quantum LTO-6 Ultrium tapes

Quantum: OK, we're not flogging as much as hoped, but at least we only lost $2.4m this time

Quantum's revenues declined in its third quarter but its losses shrank much faster. The third fiscal 2014 quarter, which finished on 31 December, saw revenues of $146m, down 8 per cent on the year-ago number, but with the expected seasonal hike up from the prior quarter’s $131.4m. There was a net loss, which we hadn’t expected …
Chris Mellor, 31 Jan 2014
graph up

Microsoft hit with €9m fine over German pricing

The German competition authority, the BundesKartellamt, has fined Microsoft €9m for colluding with retailers to set the price of "Office Home and Student 2007". Suppliers are allowed to talk to retailers about prices but need to be careful not to break competition rules. But in this case, Microsoft staff and a leading German …
John Oates, 08 Apr 2009
AMD FX-8150 Bulldozer

What's inside AMD's life-support machine? A big pile o' PlayStation 4s and XBox Ones

AMD execs are remaining optimistic despite emerging from a quarter in which the company made an eight-figure net loss and fell short of analyst estimates. In Q2 2014, ending June 29, the chipmaker bagged $1.44bn in revenue, up 24 per cent year on year. However, it recorded a GAAP net loss of $36m for the quarter, down from the $ …
Shaun Nichols, 18 Jul 2014
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
Brazil flag

Logicalis: World Cup and IBM kit drop-off hit us hard in H1

Excitable Brazilian firms initiated a network spending freeze during the World that led to a $50m drop-off in kit sales for Logicalis, the integrator’s parent company Datatec said today. Turnover for the first half of fiscal 15 ended August came in seven per cent below the same period a year ago at $714.4m, which when coupled …
Paul Kunert, 15 Oct 2014

Dixon, Carphone hand their numbers to world +dog before the wedding

Dixons (excluding the impact of disposals) and Carphone Warehouse today reported profit spikes for fiscal '14 in what will be the last set of annual results the pair announce before the £3.7bn borg set for calendar Q3. The European Commission yesterday gave the thumbs-up for the merger to go ahead, creating a £12bn retailing …
Paul Kunert, 26 Jun 2014
El Ultimo Grito

Alien condoms. Stuck to the wall. That's entirely normal, y'know

The Maker Movement was out in force at 100 Per Cent Design both inside and outside the exhibition hall, with the vintage caravan of the Maker Library Network was certainly attracting attention. Being on wheels, it’s set to become the first example of mobile Maker Library – and being based at GRAS Edinburgh, it proved its …
Bob Dormon, 19 Sep 2014

Paragon Group consumes tits-up print house Service Point

Specialist print biz Paragon Group has acquired Service Point UK, saving the jobs of "more than" 400 staff less than a fortnight after it was placed into administration. Directors at loss-making Service Point, Michael Barton-Harvey and Clayton Lee, called in the receivers on 24 April, according to a filing at Companies House …
Paul Kunert, 06 May 2014

Oracle's Larry Ellison has the MOST MASSIVE PACKAGE IN PUBLIC

Oracle founder and chief exec Larry Ellison has managed to stay one of the highest-paid CEOs of the hundred largest publicly traded US firms for another year, despite his shrinking package. Ellison topped the lot with a take-home of $78.4m in 2013. That's a hefty hunk of dosh, but it was down $18m from his 2012 compensation. The …