Articles about Assets

Another tree anchors the cable

Verizon wants to sell 'antiquated' copper assets, stick to wireless for voice

Verizon's copper networks are now so old it says wireless is a better option for voice and low-speed data services. Chairman and CEO Lowell McAdam told a Citi briefing that along with looking for opportunities to offload some of its copper assets, part of the company's strategy to retire its copper is wireless. “We're moving a …
Bitcoin bloodbath

MtGox gets its sorry assets frozen amid US class-action lawsuit

Embattled Bitcoin exchange MtGox has experienced a setback in its efforts to gain bankruptcy protections in the US, their opponents' legal team tells us, as the company has been hit with a temporary restraining order freezing its assets. The order, attorney Christopher Dore of Edelson PC tells The Reg, was obtained by plaintiffs …
Shaun Nichols, 11 Mar 2014

Cray scoops Brit switch maker staff and assets from administrator

Cray, the supercomputer maker, has bought intellectual property assets from the collapsed UK switch maker Gnodal and is taking on "the vast majority of staff" to bulk up its European R&D team. Bristol-based Gnodal, a small start-up with just 15 employees, was venture-backed so we infer that it failed to get a new funding round …
Drew Cullen, 04 Nov 2013
Confused computer keyboard

BOFH: The current value of our IT ASSets? Minus eleventy-seven...

Episode 9 "Ahhh... Just found some... uh... anomalies with the asset inventory checklist," our friendly neighbourhood Beancounter says to the PFY. "What anomalies?" I ask. "You didn't fill it out," the Boss says. "I bloody did!" I gasp. "You wrote at the bottom 'all present and correct' and signed your name," the Beancounter responds …
Simon Travaglia, 29 Aug 2014
Broadcom NetExtreme II adapter

QLogic grabs Broadcom Ethernet assets

QLogic has signed a deal with Broadcom to buy some Ethernet assets and license its Fibre Channel IP. The converged network controller maker is spending $147m in cash to buy: some 10/40/100Gbit Ethernet controller-related assets and non-exclusive licences to certain intellectual property relating primarily to Broadcom’s …
Chris Mellor, 19 Feb 2014
Credit: David Shankbone

BSkyB slurps Murdoch's Italian and German Sky assets to beef up European pay-TV biz

BSkyB is pursing a bold pay-TV strategy in Europe with the unsurprising buyout today of 21st Century Fox's 100 per cent stake in Sky Italia and 57.4 per cent interest in Sky Deutschland. It told the City this morning that it would pay £2.45bn to acquire Sky Italia from media mogul Rupert Murdoch's company, which has a 39 per …
Kelly Fiveash, 25 Jul 2014
Vulture

SGI flutters onto corpse of Starboard Storage, pecks away at assets

The Register is hearing that HPC bods SGI have bought the assets of the failed unified file/block access and hybrid array startup Starboard Storage, which crashed and burned in October. Some Starboard employees are now back at work and the product line technology is set to continue. What's SGI about here? Their CEO is Jorge …
Chris Mellor, 09 Dec 2013

Orange unleashes API assets, hires San Fran firm to lure in devs

Orange has released a bunch of APIs into the world and has inked a deal with some Bay Area tech types to help convince developers on the idea of building mobile and web applications using Orange core networks and services. Apigee’s digital platform will power the APIs for Orange Partner, the telco's biz hub for developers, …
Simon Rockman, 18 Jul 2014
EMC_Big_Data_Event

EMC pitches a total DATA LAKE immersion

Fancy monetising your Big Data assets? EMC is flagging up a Big Data event on 23 March dealing with "scaling Big Data across an enterprise", whatever that means. If you attend you will “learn to work with Big Data, monetise your Big Data assets and see a fast and flexible Big Data solution”. The invite video includes the logos …
Chris Mellor, 17 Mar 2015

Ignore the GIGANTIC assets write-off, Universal Credit IT 'is working' – UK.gov

Hundreds of millions of pounds are understood to have been wasted on the government's Universal Credit programme - a huge IT project to cut and shut six benefits schemes into one payment system - but Whitehall insisted today that the tech was working. The minister for welfare reform Lord Freud claimed: Most people are claiming …
Kelly Fiveash, 25 Nov 2013
Ship in trouble

Standard General bids to save RadioShack from oblivion

Historic retailer RadioShack, currently under Chapter 11 bankruptcy protection, will learn its fate today, as its assets go up for auction, although its options for survival look distinctly limited. A $145.5m bid from Standard General LP, a hedge fund which is also one of RadioShack’s lenders, could save 9,000 jobs and 1,723 out …
Simon Rockman, 23 Mar 2015
Aereo antenna array

Scavengers pick bones of collapsed telly-spaff upstart Aereo

Erstwhile TV streamer Aereo has held the auction to sell off its remaining assets to help cover its debts. The results: not so good. The company was able to get just US$1.54m for the sale of its trademarks, patents, domains and customer lists. A trio of companies, including DVR-maker TiVo bought the assets. According to a …
Shaun Nichols, 27 Feb 2015
RadioShack

YOUR DATA could be SOLD in RadioShack's bankruptcy auction

Customer data is being considered as an asset for sale as part of RadioShack's Chapter 11 bankruptcy auction. The auctions, which took place earlier this week, are set to receive either approval or rejection from a federal bankruptcy court on Thursday. Among the assets available are 250+ stores in Mexico, just under 1,000 …
The Register breaking news

Sony flogs off more assets in scramble for full-year profit

Sony is selling off nearly 10,000 shares in medical market research firm M3 as part of its business overhaul. The Japanese firm, suffering from competition on a number of fronts and feeling the effects of the sad economical state of Europe, has been selling off bits and pieces and rejigging others to streamline its business and …

Telstra ambit claim gets ACCC pushback

The stage is set for another drawn-out battle over wholesale telecommunication service pricing in Australia, with the Australian Competition and Consumer Commission (ACCC) indicating it's not going to rubber-stamp Telstra's request for a 7.2 per cent price hike. In a media statement published today, the regulator's chair Rod …

Netflix airs its developers' Dirty Laundry

Netflix has developed a platform, using soon-to-be open source tools, that probes for vulnerabilities and monitor data leakage. One initiative dubbed the "Dirty Laundry Project" monitors for Netflix assets unintentionally exposed by its staff. Engineers Scott Behrens and Andy Hoernecke (pictured above) told the Shmoocon …
Darren Pauli, 09 Feb 2015
Scrooge McDuck

Elite: Dangerous 'billionaire' gamers are being 'antisocial', moan players

A set of disgruntled owners of Elite: Dangerous have formed a Customer Action Group in order to pressure Frontier Developments over bugs, broken promises and a decision to allow players to retain unfairly acquired in-game gold. Elite: Dangerous' woes started last year when it cancelled a promised offline mode, angering some …
Simon Sharwood, 07 Jan 2015
globalisation

CA handles La Perla's substantial assets

Luxury Italian undies biz La Perla is protecting its data assets from a tits-up by using CA's ARCserve backup software. The bra-and-panties business has 3TB of data on 50 servers around the globe and is using ARCserve Backup to safeguard it. The data ranges from email to critical data and business intelligence based on sales …
Chris Mellor, 20 Dec 2011
Lock security

Google tells world where Apps users live after WHOIS SNAFU

Names, home and email addresses, and phone numbers for a whopping 282,867 Google Apps domains have been exposed through previously borked private WHOIS records, Cisco boffins say. The research is the work of Nick Biasini, Alex Chiu, Jaeson Schultz, Craig Williams and William McVey of Cisco's Talos team who today published an …
Darren Pauli, 13 Mar 2015
hands waving dollar bills in the air

SugarCRM sews up sweet deal to buy out junior upstart Stitch

SugarCRM – producers of customer relationship management system Sugar – have acquired the intellectual property rights "and other assets" of mobile start-up Stitch. Stitch is a the sales automation outfit - or, as they would put it, a "personalised digital assistant" that offers integrated analysis of email, calendar and CRM …

NASA to put the stars in your hands with coming-soon-now API portal

NASA has let it be known its working on an API portal so it can put more data into developers' hands. “Data is one of the most important assets at NASA,” writes Dan Hammer, a presidential innovation fellow at the agency. “”We have data on comets, measurements of mars, and real-time imagery of earth. But what good is data if you …
Simon Sharwood, 15 Apr 2015

Redcentric swoops on Calyx Managed Services in £12m breakup deal

Managed services biz Redcentric has snapped up Calyx Managed Services (CMS) for £12m, as part of the company's break-up. Last week, Calyx's maintenance and carrier services divisions were offloaded to Daisy Group and Chess, respectively, for a total of £5.5m. The carve up follows the purchase of Calyx MS by MXC Capital, with …
Kat Hall, 02 Apr 2015

Telstra unites and rebrands digital media ad assets

Telstra has merged its media advertising assets, Sensis Digital Media, Telstra Classifieds and BigPond Advertising into a newly created group branded the Telstra Advertising Network (TAN). The new entity will be led by Telstra stalwart Michael Padden and sit within Telstra, Innovation Products & Marketing (TIP&M). The merged …
Broke - empty pockets

Bankrupt RadioShack to close up to 2,900 stores, share others with Sprint

RadioShack filed for bankruptcy protection on Thursday, in a long-expected move that will result in the struggling electronics retailer closing around half of its stores in the US and Canada. The firm is seeking protection under Chapter 11 of US bankruptcy law, which will allow it to continue operations as it attempts to …
Neil McAllister, 06 Feb 2015

Pinterest throws cash at topless bug-finders

Pinterest has stopped giving out t-shirts and started paying cash for vulnerabilities found under its bug bounty program. The web clipboard will offer up to US$200 under the BugCrowd-managed program for nine of its assets, including the Android and iOS applications. Security engineering lead Paul Moreno said the number of bug …
Darren Pauli, 19 Mar 2015
The Register breaking news

Telecom NZ fibs to govt over network assets

The New Zealand government’s Commerce Commission has rejected Telecom New Zealand’s annual financial statements for the year to June 2010, dismissing them as “unreliable.” The Commission has found that the carrier has inflated the value of key assets, chiefly overvaluing Telecom NZ’s access network by more than a billion dollars …

Facebook uses Nokia maps in mobes, Instagram and Messenger

Facebook, mentioned as a potential buyer of Nokia's HERE business unit, isn't waiting around for a sale and has signed a deal to integrate the Finnish corporation's maps on the mobile version of its site, as well as in Facebook Messenger and Instagram on Android. HERE is the business unit consolidating Nokia's mapping and …
Bitcoins

Feds to auction off second tranche of Silk Road Bitcoins worth $19 MEEELLION

The US Marshals Service (USMS) is looking forward to another funding bonanza after holding another auction of Bitcoins seized from the Silk Road online bazaar that was allegedly run by Ross Ulbricht under the handle the Dread Pirate Roberts. The auction is for 50,000 Bitcoins, worth $19,241,924 at current market rates, and the …
Iain Thomson, 18 Nov 2014
Raytheon Patriot

Raytheon borgs Websense to create cybersecurity behemoth

Defence giant Raytheon has agreed a deal with Vista Equity Partners to form a new company combining Websense with Raytheon Cyber Products. The new joint venture (Raysense? Webtheon?) will combine Raytheon Cyber Products with Websense's TRITON line of web filtering and other enterprise security products. Raytheon – known for the …
John Leyden, 20 Apr 2015
Hacker, Hoaxer, Whistleblower, Spy book cover

Alleged Aussie Anon hauled in for Indonesia phone tap hacking spat

A Melbourne man has been charged with instigating an Indonesian-led hack of Australian intelligence websites as an alleged member of the Anonymous collective. Matthew John Hutchison, 21, faced Melbourne Magistrates Court this week over allegations he convinced Indonesian Anonymous hackers angry over October 2013 revelations that …
Darren Pauli, 27 Feb 2015
 Dummy hand grenades are used by the Marines from the 3rd Low Altitude Air Defense Battalion, for practice before throwing the M-67 Fragment Grenades at the firing range.jpg

PayPal settles over WMD sanction-breaking transaction claims

PayPal has agreed to a $7.6m settlement with the US Treasury after allegedly processing transactions for parties including a nuclear weapons proliferator. The settlement agreement, made on March 23, was reached specifically between PayPal and the Office of Foreign Assets Control (OFAC) – an organisation whose activities include …
management strategy2

Former Misco exec rocks up at Tech Data

Vendor vet Gary Withington has landed at distribuor Tech Data months after he was let go by tin peddler Misco as part of a cost purge. The man spent the best part of two decades at Sun Microsystems and Dell in various roles before rocking up as Misco UK MD, a job that lasted for two and a half years until October ’14. He was …
Paul Kunert, 24 Mar 2015

Fat cable bods Comcast belch contentedly, stroke bulging broadband belly

Broadband sales boosted profits at US cable goliath Comcast by nine per cent to $3.9bn (£2.6bn) for the company's first quarter, compared with the same period last year. Overall sales rose 2.6 per cent to $17.9bn (£11.7bn), with revenue at the company's Cable Communications biz rising 6.3 per cent to $11.4bn (£7.5bn). Comcast …
Kat Hall, 05 May 2015
US Digital Service Logo

Obama pinches VMware's CIO for same gig at White House

VMware's senior veep and CIO Tony Scott has been made an offer he couldn't refuse: to take the latter job in the US Government. The White House announced the appointment Thursday, with the canned statement saying he's the right person to meet the gig's goals of "driving value in Federal IT investments ... delivering world-class …
Simon Sharwood, 06 Feb 2015

Not just Imation's imagination: That sinking feeling is real

+Comment Imation has turned in another quarter of revenue decline and losses and a full year of shrinking revenues. Its management is talking about strategic options and unlocking value with a financial advisor – which sometimes means selling off non-performing assets, though we couldn't say it does in this case. Let's get the numbers …
Chris Mellor, 10 Feb 2015
George Osborne looking like he means it

UK slaps 25 per cent 'Google Tax' on tech multinationals

Chancellor George Osborne has announced a 25 per cent tax on company profits made in UK but diverted abroad - singling out tech companies for a so-called "Google tax." In his Autumn Statement Osborne pointed the finger at large multinational companies, particularly those in the tech sector, that use "elaborate tax structures" to …
Kat Hall, 03 Dec 2014

All change at top of distie EntaTech as veep Atherton splits

EntaTech veteran and veep Jon Atherton is leaving the business today for pastures new, with industry old timer Dave Stevinson stepping into the role. Atherton has been with Enta for more than 22 years, half his life, and the company insisted it was his decision to quit the position to take “time out with his family”. Founder …
Paul Kunert, 06 Mar 2015

Wikipedia won't stop BEGGING for cash - despite sitting on $60m

+Comment The latest accounts for the charity behind Wikipedia show it has assets of $60m, including $27m in ready cash: up more than $12m from 2013. That's far more than the Wikimedia Foundation (WMF) needs to run a website. And the timing is embarrassing: Wikipedia is currently begging for more cash to (in its own words) "keep Wikipedia …
Andrew Orlowski, 01 Dec 2014

Herjavec Group swallows Brit security services minnow Sysec

Candadian managed security services biz Herjavec Group has crossed the pond to hoover up Brit minnow Sysec, a specialist boutique that ploughs its furrow in the same field. The buy forms part of Herjavec’s three-year $250m “expansion plan” - it is more than half way there but may need to make a few more buys to get there given …
Paul Kunert, 05 Feb 2015
Scrooge McDuck

Frontier wipes credit of Elite: Dangerous 'billionaire' badboys

Players of the game Elite: Dangerous who were made overnight "billionaires" due to a credit refund glitch will get their "winnings" wiped, the game's maker, Frontier Developments, has said. Initially the company offered the affected "commanders" a choice over whether they kept their loot or had their credit reset in order to …
Kat Hall, 08 Jan 2015
michael_oleary_ryanair_650

Ryanair stung after $5m Shanghai'd from online fuel account

Budget airline Ryanair has fallen victim to a $5m hacking scam. Crooks siphoned off money from an account earmarked for the payment of fuel bills via an electronic transfer to a bank in China last week. The transfer was subsequently blocked, but the funds – earmarked to pay for aviation fuel for Ryanair's 400-plus Boeing 737-800 …
John Leyden, 30 Apr 2015

Bitcoin, Litecoin, cash, watches seized from alleged software pirates

US authorities, moving on what they allege was a ring selling pirated Microsoft license keys, have seized US$7 million of assets from companies in Missouri, Nevada, Washington state and Maryland. The seizures include US$25,000 worth of Bitcoin and US$1,269 from an individual identified in the filing in the Western District Court …
Night scene of bank station in central london

Lazy FTSE 350 firms think lawyers can fight off cyber-security worries

Poor communication between boards and front-line management as well as a growing reliance on legal remedies mean UK companies are still falling short when it comes to cyber-security. A KPMG survey of FTSE 350 firms found that 61 per cent of board members reckoned they had a decent understanding of their company’s key information …
John Leyden, 16 Jan 2015

Spectra reveals shiny necklace of BlackPearl partners

SpectraLogic's BlackPearl disk/object gateway-to-tape archives need front-end apps amended or developed to send data, prompting a raft of partnerships announced at NAB in Las Vegas. The company says BlackPearl-enabled apps using its DS3 (S3-based) API have direct access to its archive of media content stored as objects. These …
Chris Mellor, 14 Apr 2015
The Register breaking news

RIM is now worth less than its assets

A fall in the share price of battered BlackBerry maker RIM puts the firm's market value below the value of all its stuff today. With a share price of $18.59 at 12.21 EDT, Research in Motion's total stock added up to less than what its property, patents and other assets are worth, according to the book value of $18.92 a share …

Pre-split HP flops out plan to keep its sales pecker up

HP will parachute funded staff into its largest global channel customers to minimise disruption and ensure it maintains market share as the business is carved into two. Print and PC operations will be hived off to create HP Inc and the remainder of the company, including the new Aruba buy, will form Hewlett Packard Enterprise. …
Paul Kunert, 13 Mar 2015

So why exactly does almost ALL tech live in Silicon Valley?

Worstall @ the Weekend It was Ben Bernanke who pointed out that economics isn't really all that much good at predicting the next recession (and the long-standing joke is that economists have predicted 11 out of the past three), but it is pretty good at working out why the world is the way it is. Which brings us to the cutting edge of modern economic …
Tim Worstall, 19 Apr 2015

I helped Amazon.com find an XSS hole and all I got was this lousy t-shirt

Amazon has patched dangerous cross-site scripting (XSS) vulnerability in its website that exposed accounts to hijacking. A Brazilian hacker using the handle @BruteLogic published the then-zero-day flaw to XSSposed.org Saturday without tipping off the book giant. Amazon swatted the flaws two days later. The time between …
Darren Pauli, 26 Mar 2015
Rows of washing machines in shop aisle

Just LOOK at this filthy Imation linen, screeches furious Clinton Group

The Clinton Group, wanting to have its own slate of Imation board members, has released an emphatic diatribe of a proxy vote presentation, designed to disgust investors with what it says are the value-destroying failings of the current board and CEO. The activist investor group pulls no punches, repeatedly saying that Imation's …
Chris Mellor, 15 Apr 2015

Brocade reels in app delivery controller biz from Riverbed

Riverbed is making more progress in selling off non-core assets with Brocade intent on picking up its SteelApp application delivery controller. Under pressure from activist investor Elliott Management, network optimisation supplier Riverbed is going private and selling off non-core assets, like SteelCore, to improve its …
Chris Mellor, 06 Feb 2015