Articles about Assets

Verizon corporate building

Verizon blames striking workers for dent in sales

Fresh from its $4.8bn acquisition of Yahoo!, Verizon says its sales dropped five per cent year-on-year in its latest quarter, the three months to the end of June. Essentially, US telecom giant's wireless and wireline revenues fell over the year-ago quarter. Here's a summary of VZ's Q2 2016 results: Revenues of $30.5bn were …
Shaun Nichols, 26 Jul 2016

BlackBerry's new best pals: Microsoft, Google, Samsung

BlackBerry didn't drop any bombshells at its annual Security Summit last week. Unlike previous years, there were no surprise acquisitions or products. But it did conspicuously share the limelight with a number of partners, some of which may make jolly good new owners. On the stage were Samsung, Google and Microsoft. The latter …
Andrew Orlowski, 26 Jul 2016

IETF boffins design a DNS for digital money

Digital currency engineers are working on a domain name system (DNS)-style protocol to enable money to be shared across different networks. The idea of digital currency – and particularly blockchains – has taken off in recent years, but there remain a number of competing networks that are unable to talk to one another: the …
Kieren McCarthy, 21 Jul 2016
mergers and acquisitions

EMC staffers: We are crashing into Dell within weeks

Staffers at EMC and its subsidiaries are to get Dell email addresses from the start of next month as the proposed mega buy edges closer, insiders have told The Register. EMC shareholders last night approved the $62.4bn bid – somewhat lower than the original $67bn offer due to a slide in VMware’s share price – and Chinese anti- …
Paul Kunert, 20 Jul 2016

BlackBerry chief: We don't have to make phones to make phones

BlackBerry CEO John Chen said his company has an internal project to bring Android security up to the level of its BlackBerry 10 platform, which should bear fruit after the release of Android N. He also hinted at a future based around brand and technology licensing. "We have a tremendous amount of technology. We can stay in …
Andrew Orlowski, 19 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
BT Openreach van

MPs tell BT: Lay more fibre or face split with Openreach

BT has "significantly under-invested" in IT infrastructure subsidiary Openreach and a full split should go ahead if it fails to offer "appropriate reforms and investment assurances", according to a report by MPs. The report (PDF) published by the Culture, Media and Sport Select Committee concluded the shortfall in investment …
Kat Hall, 19 Jul 2016

Shelfware wars should be conceded, admits Microsoft compliance boss

The UK head of Software Asset Management (SAM) and Compliance at Microsoft, Mark Bradford, admitted at a recent seminar held by one of its enterprise licensing sellers Bytes that Shelfware issues “should be conceded”. Bradford said his group, responsible for working with channel firms to perform reviews of customers, didn’t …
Martin Thompson, 18 Jul 2016
Hackers

UKFast owner slurps app security biz Pentest

Secarma, the cyber security business owned by UKFast chief exec Lawrence Jones, has bought application security specialists Pentest Limited reportedly for £10m. The CHECK and CREST accredited company, whose 45-strong team work with global blue chip organisations, will add a team of ethical hackers to Secarma's roster. John …
John Leyden, 18 Jul 2016

Openreach boss Clive Selley wants Ofcom to wrap it up already

Interview The Sword of Damocles has not entirely disappeared from above Openreach. Earlier this year, the UK communications watchdog Ofcom stopped short of recommending a full decapitation of the British broadband provider from its parent BT. Crucially, though, it has kept the option on the table. In the next few weeks the regulator is …
Kat Hall, 14 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 …

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
A group of people hold out mobile phones in a circle. Photo by Shutterstock

The truth about Silent Circle's super-secure, hyper-privacy phones: No one's buying them

It seems that the Blackphone, the handset created by Silent Circle and Spanish firm Geeksphone, isn't as popular as its makers would like. Geeksphone has sued [PDF] its erstwhile partner for $5m in a New York court, claiming that disappointing hardware sales have crippled the partnership and left the Switzerland-based Silent …
Iain Thomson, 06 Jul 2016
danger

Attention, small biz using Symantec AV: Smash up your PCs, it's the safest thing to do

If you're using Symantec's Endpoint Protection Small Business Edition (SEP SBE) then you can forget about security for a week or so, as the company won't be patching the "as bad as it gets" security holes in its software for a while. A Register reader who wishes to remain anonymous received an email from Symantec confirming …
Iain Thomson, 06 Jul 2016
Tommy Lee Jones delivers implied facepalm. From No Country for Old Men  Copyright Miramax Pictures. 2007.

Rightside: No domain deal

Domain name system specialist Rightside has turned down a passive-aggressive offer to buy its top-level domains for $70m. The proposed deal "significantly undervalues Rightside's Registry assets," according to its CEO Taryn Naidu. What's more, the proposal was "an opportunistic attempt to acquire Rightside's valuable portfolio …
Kieren McCarthy, 05 Jul 2016
Telstra copper in broken pit

Telstra restarting long-stalled ADSL investment

Telstra CEO Andy Penn, while promising to spend AU$250 million improving the Telstra network, has, without much fuss, re-started investment in ADSL infrastructure. That announcement is in the context of a National Broadband Network that's supposed to make ADSL obsolete. In this blog post, Penn says the mobile network's $50 …
Wall Street Charlie Sheen

Cali bloke accused of illegally trousering $68k using mom's Apple AuthenTec gobble tip-off

A California chap is accused of illegally using inside information to pocket more than $68,000 when Apple took over mobile security biz AuthenTec. Andrew Kerr, 41, of Livermore, allegedly got a tip-off from his mom about the upcoming acquisition and immediately bought a bunch of shares in AuthenTec. She learned of the deal …
Iain Thomson, 29 Jun 2016
NBC suit worker image via Shutterstock

You know how that data breach happened? Three words: eBay, hard drives

Users are unwittingly selling sensitive and unencrypted data alongside their devices through the likes of eBay and Craigslist. Secure data erasure firm Blancco Technology Group (BTG) purchased 200 second-hand hard disk drives and solid state drives before conducting a forensic analysis to find out what data was recoverable. …
John Leyden, 28 Jun 2016
Face Aware Liquify detects faces in images and lets you modify expressions

Not smiling for the camera? Adobe's Creative Cloud suite can fix that

Adobe is updating its Creative Cloud suite to version 2015.5 and including a new Photoshop feature which modifies facial expressions after the event. Called Face Aware Liquify, the feature extends the existing shape-bending Liquify filter with face recognition and tools to tweak eyes, nose, mouth (including smile control), …
Tim Anderson, 21 Jun 2016

Intel chips in with blockchain code for Hyperledger

The Linux Foundation's Hyperledger Project has another big name on board: Intel. The project was announced in December, but got its first serious impetus back in February when IBM slung its blockchain code into the effort. During this month, the project has coalesced further, and is on the prowl for more contributors. A …
Raining money

Dell close to selling software division for $2bn – reports

Dell is close to agreeing the sale of its software division for more than $2bn as it digs behind the settee cushions to fund its mega-acquisition of EMC. A consortium including Francisco Partners and Elliot Management are “in advanced talks” to acquire the division, Reuters reported today, citing “three people familiar with …
Fibre, image via Shutterstock

Fat fibre taxes strangling us – UK broadband providers

Broadband providers have hit out against a forthcoming hike in business rates which will dramatically increase the tax paid on fibre optic networks. The increase in tax is decided by the Valuation Office Agency, which sets rates for all businesses accessing land. The body is in the process of updating the rateable values of …
Kat Hall, 17 Jun 2016
recruitment_hired

Dabs founder Dave Atherton returns to techland

Dave Atherton, the founder, one-time CEO and owner at Dabs has returned to the IT industry as chairman of distributor Entatech, with a turnaround mission in mind. Atherton, who sold his online tat bazaar to BT for £24m a decade ago, has since worked on numerous projects including property development and more recently a site …
Paul Kunert, 15 Jun 2016
Little girl looks at camera with an "I told you so" attitude. Photo by Shutterstock  Release Information: Signed model release filed with Shutterstock, Inc

Outsourcery to perform ULTIMATE outsource as it enters administration

Manchester-based failing cloud biz Outsourcery is to undertake a pre-pack administration with Vodafone partner GCI Network Solutions waiting in the wings to buy the company’s assets. The move, exclusively revealed by The Register last week, was confirmed by AIM-listed Outsourcery to the London Stock Exchange this morning. “ …
Paul Kunert, 15 Jun 2016
Bear attack

Russian government hackers spent a year in our servers, admits DNC

The US Democratic National Committee (DNC) has confirmed that hackers thought to be part of Russian state intelligence have had access to their servers for nearly a year. They have read emails, chat logs, and opposition research documents. The attack was uncovered six weeks ago, after IT admins noticed something strange was …
Iain Thomson, 14 Jun 2016
 Can't See You... by https://www.flickr.com/photos/12023825@N04/  cc 2.0 attribution sharealike generic https://creativecommons.org/licenses/by-sa/2.0/

Half of Brit small biz hit by cyber crime. 10% spend zilch on infosec

Almost half (48 per cent) of Britain's small businesses were hit by cyber-crime in the last year, with 10 per cent targeted many times. Despite this only one in five see cybersecurity as a business priority, and just 15 per cent are confident that they have adequate measures in place to prevent cybercrime, according to a …
John Leyden, 14 Jun 2016

Microsoft and LinkedIn: What the CEOs are planning

"Remember that dystopian view of the future in which technology displaces millions of people from their jobs? It's happening." So begins the less-than-cheery explanation of the huge $26.2bn acquisition of LinkedIn to staff by its CEO Jeff Weiner. Weiner appears to recognize that for many of his employees, being acquired by …
Kieren McCarthy, 13 Jun 2016

Dragons' Den-run cloud biz Outsourcery close to sale – sources

Cash-strapped AIM-listed infrastructure services biz Outsourcery – co-run by former Dragons' Den badass Piers Linney – is close to wrapping up a pre-pack administration, multiple sources have told The Register. Trading in the firm's shares was suspended on Friday after top brass postponed publication of last year's results and …
Paul Kunert, 07 Jun 2016

Verizon! to! bid! $3bn! for! Yahoo!'s assets!

Verizon has submitted a second-round bid to acquire Yahoo!'s core internet business, according to reports. The Wall Street Journal reported that the telco would offer $3bn in Yahoo!'s second bidding round, which closed earlier this morning. It is unlikely to be the final round of bidding, with Jerry and David's Guide to the …

Outsourcery: We've had offers for our assets (and, er, shareholders might get nothing)

Investors in beleaguered cloud biz Outsourcery may well take a bath after the company confirmed it is in talks with suitors who made offers for its assets that will leave them little or no return. The Manchester-based biz, set up by former Dragon Den's luvvie Piers Linney, revealed in April it was again running out of cash and …
Paul Kunert, 03 Jun 2016
Headshot of Trojan horse

Russia launches raids over Sberbank heist

Russia's FSB says it's tagged the gang that used the “Lurk” trojan to raid 1.7 billion roubles – about US$25 million – from financial institutions. Lurk was identified in 2012. At the time, Kaspersky Labs said it was a “fileless” Trojan that ran in RAM. Instead, it “uses its payload to inject an encrypted dll from the web …
Photo by Guillaume Paumier

The Schmidt's hit by the fan: Alphabet investor sues Google bigwigs over EU antitrust ruckus

An Alphabet shareholder is suing company executives – including exec chairman Eric Schmidt, CEO Larry Page, and president Sergey Brin – for their roles in Google's EU antitrust case. Robert Jessup has filed suit [PDF] in a California state court against more than three dozen people, including the Google cofounders and long- …
Shaun Nichols, 26 May 2016

Hulk Hogan's sex tape, a Silicon Valley billionaire, and a $10m revenge plot to destroy Gawker

Analysis It's long been feared that satire may be dead. But the proof seems to have arrived in reports that Silicon Valley billionaire Peter Thiel is secretly funding a Hulk Hogan sex-tape legal case against media outlet Gawker as part of a 10-year revenge fantasy for outing him as gay. The Hogan case was already a weird one: he was …
Kieren McCarthy, 25 May 2016

Citrix dodges death, returns with bigger XenServer and NetScaler

Citrix has unified its networking products and made big additions to its virtualisation stack. Last things first: XenServer is now in version 7, which means it gains support for Intel's Iris Pro graphics technology. In theory that makes XenServer a better platform for graphics-intensive desktop virtualisation (VDI) chores. …
Simon Sharwood, 25 May 2016
Mark Lawrie of CSC and Meg Whitman of HPE in the video announcing the merger of their services operations

HPE spins out enterprise services business into CSC

HP Enterprise (HPE) has spun out its enterprise services business into CSC, creating an entity with US26bn of revenue. HPE has made lots of noise about turning around its services division, largely by aggressively reducing its headcount. In this move, HPE will be senior partner in the new entity by revenue and headcount but …
Simon Sharwood, 25 May 2016
Green data centre

Your next server will be a box full of connected stuff, not a server

Servers are about to devolve into bespoke collections of compute and storage, says Gartner veep and distinguished analyst Andrew Butler. Speaking last week's Infrastructure Operations & Data Centre Summit in Sydney, Butler said the days of buying a server to handle a specific workload are nearly gone. Instead, you'll soon shop …
Simon Sharwood, 23 May 2016
phishing_648

Bangladesh government domain turned into toxic phishing hole

Netcraft security man Paul Mutton says the Bangladesh Government has been used in banking phishing attacks targeting customers of Wells Fargo, Google, and AOL. The domains are restricted Government assets which Mutton says could indicate lax security controls. The popped server is located in the UK hosted by Nibs Solutions …
Team Register, 20 May 2016

ARM buys IoT's camera crew, Eyes of Things biz Apical

Chip-designer ARM has snapped up London-based imaging and embedded computer biz Apical for £242m, in a bid to further branch out from the slowing smartphone market. Apical's imaging products are used in more than 1.5 billion smartphones and approximately 300 million other consumer/industrial devices including IP cameras, …
Kat Hall, 18 May 2016
Still from Minions cartoon trailer.  	Copyright: Universal Pictures

Hey you – minion. Yes, IT dudes and dudettes, they're talking to you

Sysadmin Blog Who are you, dear reader, and why are you reading this? If you've a yen to answer that literally, by all means please do, but the question is somewhat more metaphorical in intent. I'm not seeking an existentialist answer about your sense of purpose in life, but I am hoping that you can answer – to yourself if to no one else – …
Trevor Pott, 18 May 2016
Music listener rasta

Pandora investor: Sell this company sooner rather than later

A major investor in Pandora wants the company to sell out while it can. Hedge fund Corvex Partners has revealed that it owns 10 per cent of the veteran streaming music company – and that selling out to a larger company is preferable to pursuing a "costly and uncertain business plan." In a US Securities and Exchange Commission …
Andrew Orlowski, 18 May 2016
Man in a suit drinking tea out doors reading from his tablet

Warren Buffett picks Apple

Apple’s Wall St fortunes have received a boost from veteran investor Warren Buffett. His Berkshire Hathaway took a 9.8-million-share stake in the firm at the start of the year, news that boosted Apple's stock two per cent before trading on Monday. Buffett traditionally limited his exposure to tech stocks – he holds an 8.59 per …
Gavin Clarke, 16 May 2016
BT Openreach at work

Comms providers call on Ofcom to get tough on Openreach

Communications providers Sky, TalkTalk and Vodafone have called on Ofcom to dramatically reform BT's Openreach in a "10 point plan" published today. The action plan published by membership body the Federation of Communication Services (FCS) follows a decision by Ofcom not to recommend a structural separation of Openreach …
Kat Hall, 16 May 2016
management management4

I'm in, says insolvency expert, grabs chair on board of Dragons’ Den star's firm

An insolvency and restructuring veteran has taken a seat at the board of moribund cloud services firm Outsourcery as one of the requisite Ts&Cs to secure a funding lifeline from Vodafone. The AIM-listed firm run by former Dragons’ Den badass Piers Linney and joint-CEO Simon Newton revealed David Duggins, senior advisor at …
Paul Kunert, 12 May 2016
Containers

Virtuozzo to build full container stack, target the data centre

Virtuozzo is going to build a comprehensive stack of tech for containerised computing. The company is the server virtualisation bits of the now-devolved Parallels, which kept its name for a spin-out devoted to desktop hypervisors. The company's cloud automation assets were sold to Ingram Micro and the Plesk service desk …
Simon Sharwood, 12 May 2016
shutterstock_170724905-Fibre

A UK-wide fibre broadband investment plan? Don't ask awkward questions

Analysis The pace of fibre broadband deployment in the UK remains a highly contentious issue. But the current lack of fibre isn't our biggest problem: it's the absence of any national strategy. To put our fibre-to-the-premise broadband infrastructure into international perspective, FTTP services are only available to two per cent of UK …
Kat Hall, 11 May 2016
Man shouting the news from a rolled up newspaper

Kogan's Dick on the Web

Kogan, which acquired the online assets of the failed Dick Smith business, has wasted no time relaunching the brand. Dick Smith failed a couple of years after it was set loose by Woolworths, re-launched with more debt than cash, and tried to save itself with a failed pre-Christmas sale and fell into the hands of the receivers …
A dog wearing glasses, on a park bench reading the news paper

Virgin rolls out fibre to 1m

Virgin Media has promised to roll out fibre to more than one million homes and businesses in the UK. Its ultrafast network offers speeds of up to 200Mbps for consumers and 300Mbp. Overall the biz is seeking to connect 17 million premises to the network by 2019. In contrast, BT has been slammed for its reluctance to invest in …
Kat Hall, 27 Apr 2016
Big cloud, image via Shutterstock

Outsourcery inks Vodafone finance deal as selloff rumours grow

Sickly slinger of cloud services Outsourcery has signed a finance deal with Vodafone to keep the wolves from the door as it prepares to restructure – or do what some are interpreting as readying itself for a sale. The AIM-listed bringer of infrastructure, apps and UC services revealed at the start of this week it is again …
Paul Kunert, 27 Apr 2016

Thunderbird is GO: Mozilla prepares to jettison mail client

The Mozilla Foundation, which last year flagged its intention to push Thunderbird out of its nest, reckons it's identified possible new homes – including itself. In a report provided to Mozilla by Simon Phipps, the Software Freedom Conservancy and The Document Foundation are named as possible hosts for the project. Phipps …

SecureWorks' sorry IPO falls $48m short of aim

In the first initial public offering of the year in the technology sector, Dell's infosec subsidiary SecureWorks has raised much less than expected. Despite plans to raise $160m with the IPO, Dell has pocketed only $112m after selling eight million shares at $14, merely 70 per cent of its aim. The squib of an IPO is …