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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
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
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 …
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 …

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 …
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
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 …
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
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”, …

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
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
Ross Ulbricht

My name is NOT Dread Pirate Roberts: Silk Road accused's fam'n'friends stump up $1m bail

Supporters of the man accused of being the mastermind behind online drugs bazaar the Silk Road have offered to stump up $1m in bail money. Ross Ulbricht is currently being held in solitary confinement within the Brooklyn Metropolitan Detention Center, awaiting trial for his alleged role in running the Silk Road. Federal …
Jasper Hamill, 20 Nov 2013

Go on, buy Bitcoin. But DON'T say we didn't WARN YOU

Buying virtual currencies, such as Bitcoin, presents a number of risks that consumers should be aware of before purchasing such assets, the European Banking Authority (EBA) has warned. The regulator said that because virtual currency is not regulated, consumers risk losing their money by "buying, holding or trading" them. " …
OUT-LAW.COM, 18 Dec 2013
Malcolm Turnbull

Turnbull gave NBN Co NO RULES to plan blackspot upgrades

Australia's Communications Minister Malcolm Turnbull has issued no specific guidance on how NBN Co, the company charged with building Australia's National Broadband Network (NBN), should target broadband blackspots. In response to questions from The Register, the Department of Communications sent us the following statement it …
Simon Sharwood, 14 Apr 2014
Qualcomm's Toq smartwatch in its charger slash case

Qualcomm turns back hands of Toq smartwatch

Qualcomm isn't entering the smartwatch business after all. Two weeks ago the company fired up a fancy website that offers the chance to “Be the first to know when Qualcomm Toq is available for purchase” and generally hinted at a grand future for the device. Since that page went live, Taiwan-based tech outlet VR-Zone met …
Simon Sharwood, 20 Sep 2013

Symantec scratches head over balance sheet, calls in JPMorgan

Reports say Symantec, struggling to reverse a revenue slowdown, has called in JPMorgan Chase & Co. to look at its options and help fend off activist shareholders. Symantec is a $6.7bn/year revenue company that is struggling to lift its earnings. The last quarterly report made that abundantly clear. It fired its CEO Steve …
Chris Mellor, 07 Apr 2014
The Register breaking news

IiNet offloads fibre network to NBN Co

In a bit of a game of pass-the-parcel, the fibre-to-the-home network assets that iiNet bought when it acquired TransACT Communications last year has been passed on to NBN Co for a minimum of $AU9 million. The FTTH was a relatively small part of TransACT's network assets: it also had (through its own acquisition of Neighborhood …
EMC

EMC offers biz barons tools to manipulate their digital assets

EMC has clearly cottoned on to the security and management problems posed by the growing enterprise cloud as well as BYOD in business, and clearly thinks it is going to sell quite a bit of content management software, if its latest barrage of announcements are anything to go by. The new gear includes updated kit from Documentum …
Chris Mellor, 08 Nov 2012
india

Nokia offers India £224 MEELLION to keep Microsoft deal on track

Nokia has made a desperate bid to ensure that one of its largest manufacturing facilities is transferred to Microsoft, by offering the Indian government a Rs2,250 crore ($369m, £224m) deposit to unfreeze its assets. The Finnish phone giant has promised to transfer the cash into an escrow account pending the result of a long- …
Phil Muncaster, 11 Dec 2013

GCX targets small cloud players with new cable

Global Cloud Xchange – formerly Reliance Globalcomm – has announced plans for a new submarine cable joining Tokyo to Silicon Valley. Along the way, the outfit also says it hopes to create a new model for access to submarine assets, by attaching its own meet-me rooms to the cable, rather than restricting access to large players …

Xerox names former HP veteran as UK channel royalty

Former HP veteran Norman Richardson has landed at Xerox to run UK channels, the copier titan has confirmed. After 23 years at HP, he left in April '12 when the printer business he ran in Blighty was slapped together with the PC operation and Paul Hunter, who headed that biz was given the top job of the merged organ. In back …
Paul Kunert, 07 Feb 2014
Troll in cross hairs

Nintendo: We didn't just slay Wii Fit 'troll', we've now gobbled its patents

"Patent troll" InterActive (IA) Labs not only tried to sue Nintendo and lost: it's now had its patent portfolio bought by the gaming giant in a sheriff's sale. The fun began in 2010, when Maryland-based US peripheral maker IA filed suit alleging that Nintendo infringed its fitness gadget and exercise sensor patents by …

Zebra grazes Motorola Solutions' enterprise business for $US3.45bn

Motorola Solutions has offloaded its enterprise business to Zebra Technologies for $US3.45 billion in cash. Motorola’s enterprise business offers all manner of kit for asset tracking and communications inside warehouses, during field service engagements and in odd spots like oil rigs. Its product range also includes Wi-Fi kit. …
Simon Sharwood, 16 Apr 2014

Amazon unleashes JavaScript SDK so devs can conjure cloud gods

Amazon has brought out a tool that lets developers build server-less web apps from within the browser that use the company's cloud assets, representing a strategic attempt to knit Amazon Web Services into the modern developer's toolkit . The arrival of the preview of the AWS SDK for JavaScript on Thursday means devs can invoke …
Jack Clark, 31 Oct 2013

IBM, AT&T ink global Internet of Things tie-up

Big Blue and AT&T are moving to wrap up a chunk of the Internet of Things, announcing a global partnership that's as nebulous as the concept it's embracing. Starting with a focus on utilities and city administrations (the latter having long been in IBM's sights), the alliance is pitched as having “privacy in mind” as the two …

Intel offloads home-grown internet TV system to Verizon

Intel has managed to offload its pay-TV startup OnCue, after deciding last year it would rather sell it off than try to launch the service itself. Chipzilla's offshoot, now called Intel Media, has gone to Verizon Communications, the second-largest telco in the US, which plans to merge it into its existing internet telly offering …

VMware sells WaveMaker to Pramati

VMware has got rid of WaveMaker, an open source tool that helps casual developers build Java apps, after spending two years trying to develop the technology The deal sees Java-specialist Pramati acquire "certain assets" of WaveMaker, according to a statement issued by the company. These assets include WaveMaker's core …
Jack Clark, 01 May 2013

Rockstar swells Spherix patent portfolio with 100 new licenses

The voice and data industries could find themselves fielding a new bunch of sue-balls, with patent management outfit Rockstar putting more than 100 patents in the hands of Spherix. Readers will remember that Rockstar was backed by Apple, BlackBerry, EMC, Ericsson, Microsoft, and Sony to scoop up a bunch of patents that came onto …
Bitcoin bloodbath

MtGox, that bastion of unregulated e-currency Bitcoin, turns to Texas judge for protection

The embattled MtGox Bitcoin exchange has been thrown a lifeline by a US bankruptcy court in the northern district of Texas – which has shielded the company from litigation. Judge Harlan Hale granted a motion [PDF] to place the company under Chapter 15 bankruptcy, a classification that will help it fend off, for the time being, …
Shaun Nichols, 11 Mar 2014

PM Cameron leaps aboard Internet of Thingies

Prime Minister David Cameron thinks he has spotted the "Second Industrial Revolution" – and it’s the Internet of Things. Speaking at the start of the CeBIT show in Hannover, Cameron foresaw British software and services companies working up with German engineering and manufacturing companies to turn IoT from a “slogan to a fact …
Andrew Orlowski, 10 Mar 2014
Marissa Meyer

Number crunching suggests Yahoo! US is worth less than nothing

It has been 18 months since former Google golden girl Marissa Mayer took over the helm at Yahoo! and outwardly things look pretty good, but the latest financial analysis shows the Purple Palace might actually be worth less than zero. Since taking over control of the once-great internet portal, Mayer has worked hard to revamp the …
Iain Thomson, 18 Apr 2014

Alca-Lu plots enterprise exit, again

Alcatel-Lucent once again hopes to exit the enterprise business to concentrate on the carrier and service provider markets. Reuters is reporting the move as part of Alca-Lu's plan to shed €1 billion worth of assets by 2015. The news agency's sources have told it that Lazard Limited is advising the vendor on the sale. Finding a …

OCZ and Toshiba drive out new RETAIL SSD line with Barefoot controller

Bankrupt hardware maker OCZ, whose assets are being bought by Toshiba, has a Vertex 460 enterprise SSD device in the pipeline, with a preview of it being shown at CES in Las Vegas. According to The SSD Review the Vertex 460 features: 120, 240 and 480GB capacity points Up to 95,000 random read IOPS Up to 550MB/sec sequential …
Chris Mellor, 10 Jan 2014
Microsoft CEO Satya Nadella

Microsoft CEO Nadella names his Xbox and Cloud OVERLORDS

New Microsoft CEO Satya Nadella has made two important albeit expected appointments to his executive team. The big cheese announced on Monday that his company will remove the "interim" from Scott Guthrie's role as interim executive vice-president of cloud and enterprise. Phil Spencer, the boss of in-house games developer …
Shaun Nichols, 31 Mar 2014
DVD it in many colours

HP's WebOS mess: When smartphone assets go toxic

On Tuesday, HP was talking to the Wall Street Journal about putting WebOS in stoves, fridges and cars. By Thursday, HP didn't even want to put WebOS into smartphones and tablets. The platform has been cast adrift just a year after HP completed its $1.2bn purchase of Palm. While it works out what to do with WebOS, HP is canning …
Andrew Orlowski, 19 Aug 2011
Sorry we're closed

Brit schools' supplier Tribune Business Systems RUBBED OUT

Education tech supplier Tribune Business Systems (TBS) has gone into administration due to crippling cash flow issues with FRP Advisory handling the affairs. CEO Sheldon Stoutt was understood to have been looking for additional investment but this did not materialise, and the company called in the receivers in the middle of last …
Paul Kunert, 04 Mar 2014

Hundreds of folks ready to sue Bitcoin exchange MtGox

Over 400 people have expressed an interest in joining a class action lawsuit against Bitcoin exchange MtGox, according to a British-based law firm. Selachii has been gathering up investors stung by the collapse of the exchange and the prospect that it may have lost 750,000 of its customers' Bitcoins and 100,000 of its own, …
euros_channel_money

Dimension Data hoovers up NextiraOne's Euro operations

Dimension Data has hoovered up certain subsidiaries of comms and networking integrator NextiraOne after the deal was given the green light by the European Commission's Mergers and Acquisitions team. The cash terms were not disclosed but initially Di Data will swallow 13 Euro country operations – including the UK – and, dependent …
Paul Kunert, 04 Feb 2014
Toshiba MK6465GSX

We love a flashy MODEL who's a KEEN READER – Toshiba

Toshiba has a new mid-range SSD built for medium spec read-intensive work that widens its 19nm NAND product range. The HK3R comes hot on the heels of the PX03SN and Tosh says it is optimised for read-intensive applications such as read-caching, error logging, boot, and low-duty storage applications requiring power-loss- …
Chris Mellor, 19 Dec 2013

Romanian Bitcoin baron 'stumps up $20k to keep OpenBSD's lights on'

A mysterious Bitcoin-powered white knight is reported to have come to the rescue of the struggling OpenBSD Foundation. Described as a Romanian billionaire, an individual named Mircea Popescu has offered to bail out the OpenBSD Foundation. The Foundation responsible for maintaining OpenBSD is $20,000 in the red over an …
Gavin Clarke, 20 Jan 2014

UK storage integrator Glasshouse Tech goes titsup

Glasshouse Technologies has called the administrators into its UK ops after directors exhausted all possible solutions to heal the sickly infrastructure services integrator. El Chan can reveal that KPMG Restructuring answered the cries for help on 27 March just days before Glasshouse was due to attend a winding up petition at …
Paul Kunert, 02 Apr 2014
The Register breaking news

Ballerina canned for flashing her assets

The Vienna State opera has given ballerina Karina Sarkissova her marching orders after she failed to heed a warning not to pose nude for men's mags. The footloose terpsichorean copped an earful in May for appearing in the German edition of Penthouse, in a spread shot without permission in the opera house. Karina Sarkissova on …
Lester Haines, 11 Oct 2010

Trustmarque swallows Scot services house Opin Systems

Top table Microsoft Gold partner Trustmarque Solutions has devoured Glasgow-based tech services and consultancy minnow Opin Systems for an undisclosed sum. Opin, which set up in 1990, counts some heavy duty customers on its books including the UN, The Student Loans Company, The Scottish Prison Service and RBS. It sells …
Paul Kunert, 09 Dec 2013