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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...

"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

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
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

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
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 …
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

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 …
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 …

Watch this! The changing face of malware

Youtube Video The anti-malware software industry seems to be fighting a losing battle, with Symantec even declaring antivirus "dead". In this online tutorial Darryl MacGregor, principal technologist for information security at IT training biz QA, discusses the best strategies for protecting your information assets in the near …
David Gordon, 21 May 2014

Shouty investor Elliott makes PUBLIC CALL for VMware sale

Activist investor Elliott Management, the holder of a billion dollars' worth of Hopkinton shares, has publicly called for a VMware sale in a letter to EMC's CEO and board. Its release has been nicely timed to closely follow on from HP's decision to split itself into an printer and PC company on the one hand (HP Inc) and a …
Chris Mellor, 08 Oct 2014
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 …

YES, you CAN install paid-for apps on Android Wear – if devs rebuild them

Google has published a workaround that allows paid-for apps to be installed on Android Wear devices, but it's hardly straightforward and it's nothing device owners can do themselves. Early adopters who purchased LG G or Samsung Gear Live smartwatches have been stymied by a glitch in the Google Play store's app encryption scheme …
Neil McAllister, 09 Jul 2014

OECD lashes out at tax avoiding globocorps' location-flipping antics

Proposals to stop tax avoidance by multinationals like Amazon and Google have been unveiled by the Organisation for Economic Co-operation and Development (OECD). The international group proposed on Tuesday that firms be subjected to detailed reporting on a country-by-country basis of their assets and operations so officials can …
Gavin Clarke, 16 Sep 2014

Speeding, snowy SPACE ALIEN set for CLOSE SHAVE with Mars

A cosmic rock that is older than mankind is expected to come within 87,000 miles (139,500 km) of Mars today. An artist's impression of comet Siding Spring's flyby oft Mars. Image credit: NASA NASA has been gearing up for the close encounter by hiding its satellites to protect the kit from being damaged by passing comet debris …
Kelly Fiveash, 19 Oct 2014
The Virtual Compute Appliance

Oracle ♥s Fibre Channel in virty box refresh

Oracle has made a small-but-notable enhancement to its virtual compute appliance (VCA): support for external fibre channel storage. The VCA is Oracle's “engineered system” for virtualisation and is designed to offer everything one needs to run VMs, all packaged into a single convenient box. Oracle even recommends its own ZFS …
Simon Sharwood, 16 Oct 2014
Bitcoins

Your Bitcoins aren't money – but it is barter, so we'll tax it, ta ... says Australia's taxman

The Australian Taxation Office (ATO) has issued its official assessment of Bitcoin and other crypto-currencies – and decided it isn't money but can be taxed. The ATO's note says BTC is “neither money nor a foreign currency” and that “transacting with Bitcoins is akin to a barter arrangement”. Australia taxes formal barter …
Simon Sharwood, 21 Aug 2014
Kim Dotcom at the NZ parliamentary hearing

Kim Dotcom: You give me proof of govt corruption in my case, I give you MEELLIONS

Megaupload founder Kim Dotcom is offering a $5m bounty to anyone who can prove corruption by the Feds or Hollywood studios to help him defend against the online piracy case against him. Dotcom tweeted that his case was “unfair” and he was offering the cash to anyone who wanted to blow the whistle on the authorities. My case is …
CHIMP robot

Intel, Cisco and co reveal PLANS to keep tabs on WORLD'S MACHINES

GE, Intel, Cisco, and Verizon have announced a big data deal to connect Predix — GE’s software platform — to machines, systems, and edge devices regardless of manufacturer. “By connecting more assets and equipment (to each other and people) at the edge to the cloud, industrial operators gain more insight into the performance of …
Jennifer Baker, 10 Oct 2014
Tor

Putin: Crack Tor for me and I'll make you a MILLIONAIRE

Russia's Interior Ministry has posted a tender seeking parties willing to “study the possibility of obtaining technical information about users (user equipment) TOR anonymous network". The tender appears to be open only to organisations rated to do secret work for the Russian government, but concluding that means the project has …
Simon Sharwood, 25 Jul 2014
The Register breaking news

Telstra tips assets into NBN Co

Telstra has committed to the final step towards its pivotal part in the deployment of Australia’s national broadband network rollout, with the long anticipated finalisation of Definitive Agreements with the government and NBN Co. The $AU11 billion deal will ensure the nations incumbent carrier’s pit-and-duct infrastructure will …
Apple Watch

'Apple Watch' sapphire glass maker files for bankruptcy protection

The firm which was rumoured to have been manufacturing sapphire glass for Apple's upcoming smartwatch has filed for bankruptcy protection. Sources had been whispering that Apple was planning to use the scratch-resistant material for the screens on the Apple Watch and forthcoming models of the iPhone. GT Technologies filed for …
Jasper Hamill, 06 Oct 2014

Ecuador follows Bitcoin ban with digi-currency proposal

Ecuador has decided a state-backed digital currency might help it to avoid a financial crisis. Bloomberg reports that the South American nation will implement a fiat digital currency that's to sit beside the US Dollar, its current legal tender. The nation will institute a monetary authority to administer the dollar, the report …

Level 3 gobbles rival TW Telecom in $5.7bn deal (that's 5 Instagrams)

Internet backbone provider Level 3 has bought its competitor TW Telecom in a cash and stock mega-deal valued at $40.86 per share. The planned $5.7bn merger, if waved through by US regulators and shareholders, would further consolidate the telco market stateside. "We believe this is a financially compelling and very strategic …
Kelly Fiveash, 17 Jun 2014
Bitcoins

Bankrupt Bitcoin bunker blender begins: MtGox admin starts liquefaction

The Tokyo District Court-appointed administrator for MtGox has begun formal proceedings to liquify the collapsed Bitcoin exchange. In a letter published on the bankrupt biz's website, lawyer Nobuaki Kobayashi confirmed he will "administer and dispose of the assets" of MtGox. "[I] will implement the bankruptcy proceedings, in …
Jasper Hamill, 24 Apr 2014
chalk outline of  human body at crime scene

Rise of the Machines: FIRST HUMAN VICTIM – 2015

Death via internet, online contract killers and crime-as-a-service were just three of the scarier elements discussed by international top cops at the Interpol-Europol cybercrime summit in Singapore last week. The Internet Organised Crime Threat Assessment, a report prepared by Europol’s cybercrime division, warns that the so- …
Jennifer Baker, 06 Oct 2014
man_inks_deal_channel signs contract services

Clock's ticking for suppliers who want a piece of hot DWP action

The Department of Work and Pensions has issued a call to tech firms to provide and host a toolset for service integration and management functions in a gig worth up to £17.5m over the next three years. The contract notice posted on the Official Journal of the European Union today, part of IT Transformation Programme, gives …
Paul Kunert, 03 Sep 2014

Borked Bitcoin bunker MtGox in administration: Lawyer seizes control

Collapsed Bitcoin exchange MtGox has been put into administration by a court in Japan, where the website is based, after it became clear the site's chances of recovery are nil. The biz, which has mislaid half a billion dollars of BTC, was granted protection from creditors in February by the Tokyo District Court as it battled to …
SAP

SAP raises $650m to cram into upstarts' pockets

SAP has announced that it has raised $650m for a new venture fund to invest in startups under its subsidiary SAP Ventures. The investment firm is independent, but draws its cash from the software giant to invest in upstarts that may one day help the parent business. "We are in a unique position of being independent and yet …

Former Azzurri project manager who stole £1.3m ordered to pay back £146k

A former project manager at Azzurri Communications who stole £1.3m from the integrator has been ordered to pay back less than 10 per cent or spend more time in the slammer. Lee Stephen Young, 34, of Petronel Road, Aylesbury was found guilty of one count of theft from an employer at the town's Crown Court in March and sentenced …
Paul Kunert, 23 May 2014
Job cuts jpeg

Chips are down at Broadcom: Thousands of workers laid off

Broadcom is exiting the cellular baseband business, a decision that's has bitten hard, with the company announcing layoffs of around 2,500 employees – around 20 per cent of its total workforce – worldwide. Its latest SEC filing shows the company turned in a loss of $US1 million for the quarter, a collapse from the previous …
Steve Bennet, ex-Symantec CEO

Big Yellow loses its head... again: Symantec, we need to talk

Symantec recently fired Steve Bennett, its second CEO in two years. As a previous chairman of the board, Bennett was part of the team that shifted off the previous CEO. Apparently now, new blood is needed to "act aggressively to capture a growing share of this market," in the words of the new chief, Michael Brown. Steve Bennet …
Chris Mellor, 24 Mar 2014
AMD_R7_Series_SSD

AMD slaps 'Radeon' label on Tosh flash: >Beard stroke< Hmm, cunning ...

X86 CPU and Radeon graphics chipper AMD has come out with an SSD line using Toshiba/OCZ componentry. It's called the Radeon R7-Series, which us a sideways extension of existing graphics processor branding. The SSD uses 19nm Toshibs MLC flash and has been designed, we understand, for balanced read and write workloads. The speeds …
Chris Mellor, 19 Aug 2014
Sorry we&#39;re closed

Nokia's ENORMO factory in India axed after Microsoft-shaped hole appears in order book

Finland's Nokia says it is shutting down its massive mobile phone factory in Chennai, India, now that Microsoft has terminated its manufacturing contract with the firm. The Chennai facility has had a troubled history, owing to a protracted tax dispute with the Indian government that led authorities to freeze its assets. Nokia's …
Neil McAllister, 07 Oct 2014
IBM RTP Data Center

IBM leaps aboard the software-defined stuff bandwagon

IBM storage is getting software-defined, with IBM seeing that concept as a way of better integrating its storage hardware and software assets. Big Blue's Storage and Software-defined Systems general manager Jamie Thomas outlined a new storage deal at IBM's Enterprise event in Las Vegas, claiming the "new model will provide …
Chris Mellor, 09 Oct 2014
BlackBerry logo

BlackBerry slices off juiciest bits, bottles them in 'Tech Solutions'

BlackBerry has sliced off its juiciest bits and will preserve them in a new unit called “BlackBerry Technology Solutions” (BTS) that it hopes will deliver a jolt of growth. The new unit will be led by Dr. Sandeep Chennakeshu and will gain stewardship of QNX , the IoT play Project Ion, the Certicom cryptography applications and …
Simon Sharwood, 19 Aug 2014
Smart home

Holy sentient blender, Batman: Telefónica to trial AT&T's Internet of Home Stuff in Europe

Telefónica will be trialling AT&T’s home security tech in Europe as the US firm tries to get its foot in the door of the Internet of Stuff. The Spanish company is licensing the tech for limited trials on this side of the pond, after which it will decide if it’s worth signing up for a longer term. The trial will be a version of …
Toshiba 15K 300GB SFF HDD

Toshiba twirls its HAMR, ponders whether to smash spinning rust

Toshiba shipped 22.7 million disk drives in the last calendar 2013, with numbers bulked up by its acquisition of HGST assets in 2012. But where is it going with its disk tech? WD shipped 63.1 million spinning rust platters in the same period and Seagate managed 53.8 million. Tosh's drive type number splits were:- Enterprise ( …
Chris Mellor, 28 Jan 2014

IT gets $AU200 million new spend in Qld budget

The IT sector will be busily trawling through the Australian state of Queensland's budget papers, with the government yesterday announcing tech spends in health, emergency services communications, and online service delivery. Queensland Health, whose troubled history in IT has previously left it out-of-pocket by a cool billion …

Universal Credit: £40 MILLION and counting's been spaffed up the wall on useless IT gear

The chaotic IT implementation of the one-dole-to-rule-them-all benefits system will lead to millions of pounds of taxpayers' money being wasted, secretary of state for work and pensions Iain Duncan Smith admitted to MPs. Work and Pensions Secretary Iain Duncan Smith MP confirmed to Parliament's Work and Pensions select committee …
Kelly Fiveash, 10 Dec 2013
Shuffling cards

EMC reshuffles deck, reveals Core Technology SUPER DIVISION

EMC is collapsing its divisional structure some more and combining its VMAX/VNX unified storage operation with DPAD, its Data Protection Division, to form a Core Technology Division. The new division will be run by Guy Churchward, current DPAD president. XtremIO products will move into the new division as of 1 January, 2015. …
Chris Mellor, 15 Oct 2014
Bitcoin bloodbath

China's Bitcoin exchanges begin pulling down the shutters

The Chinese central bank's Bitcoin crackdown, first signalled in December 2013, is coming to fruition as the middle kingdom's Bitcoin exchanges begin halting withdrawals. The FXBTC exchange has posted a notice saying that it received the instruction by telephone as part of the central bank's “Bitcoin risk prevention work”, …

NSA Sentry Eagle placed spies in private companies

The National Security Agency (NSA) has since 2004 sent spies into private companies in a bid to compromise networks from within, according to documents leaked by Edward Snowden. Agents sent in by the NSA targeted global communications firms under a highly classified 'core secrets' program dubbed Sentry Eagle previously known …
Darren Pauli, 14 Oct 2014
Dunce

Symantec fires CEO Steve Bennett: To lose 1 chief is unfortunate, to lose 2 is OK, apparently

Symantec has fired its second CEO in two years: the company's chief exec, president and former board chairman Steve Bennett was today shown the door after less than 18 months on the job. "We recognize Steve's contributions to Symantec, including developing and leading a series of successful initiatives focused on organizational …
Iain Thomson, 20 Mar 2014
EMC VNX2 line up

Somebody's nightmare? I'm a veteran VNX array with a BADGE

Lenovo has started selling VNX arrays, adding a "VNX5150" to its product line-up. The VNX5100 is an entry-level SAN product that was effectively replaced by the block and file VNX5200 array in September last year. There is still a VNX5100 page on EMC’s website but a linked VNX Hardware Data Sheet PDF omits it from the VNX line- …
Chris Mellor, 04 Sep 2014
Joe Tucci EMC

EMC, HP blockbuster 'merger' shocker comes a cropper

EMC has been holding secret merger talks with HP that have since stalled, according to industry sources. The negotiations are said to have lasted almost 12 months, during which Dell executives mulled buying parts of EMC. But at the heart of the discussion was a proposed $132bn merger of the storage giant and HP, according to …
Chris Mellor, 22 Sep 2014
Zocalo video

AWS Zocalo squares up to box Box, Dropbox, sync 'n' share flocks

Enterprise sync 'n' share appears an unlikely battleground for a rolling brawl between startups and enterprise titans, but that's what's happening out there today. We've already seen some action today in the form of Dropbox matching Google and Microsoft's storage prices. Not to be outdone, Amazon Web Services (AWS) has also …
Simon Sharwood, 28 Aug 2014