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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

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 …

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
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 …

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
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 …
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 …

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

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 …
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 …

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 …
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

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 …
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

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
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”, …
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

Oracle makes Sun-sized $5bn grab for Micros Systems

Oracle is buying systems maker and consulting shop Micros Systems for $5.3bn to counteract the slowdown in its hardware and software business. The giant Monday confirmed reports it is buying Micros, which builds and delivers integrated systems including point of sale systems for the retail and hospitality sectors. Oracle …
Gavin Clarke, 23 Jun 2014

Zuckerberg and other directors sued over GIGANTIC PACKAGES

A disgruntled shareholder is suing Mark Zuckerberg and other top Facebook execs over what he claims are unreasonably generous payment terms. Ernesto Espinoza filed with the Delaware Chancery Court on Friday, saying that the way pay was decided at the moment basically left the board free to give itself however much money it …
Assassin's Creed: Revelations

Women are too expensive to draw and code – Ubisoft

Ubisoft's creative director Alex Amancio has stirred up another row over sexism in the gaming industry by saying the studio's new game, Assassin's Creed Unity, doesn't feature any female characters because it would have been too much of an effort to create them. Amancio's opinion emerged in this video interview posted by gaming …
Simon Sharwood, 12 Jun 2014
india

Finacle manacled as Infosys spins out products and platforms

The evolution of India's IT services companies continues apace, with news that Infosys has decided to step away from its products, platforms and services (PPS) business. The star of Infosys' PPS business is Finacle, a core banking product that has obvious synergies with the company's services business and is responsible for …
Simon Sharwood, 13 May 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
Pixar's claw-worshipping Aliens

Pixar frees its production-grade RenderMan software

Pixar Animation Studios has decided to give away RenderMan, its flagship animation software used to create the likes of Toy Story, Wall-E and – less happily – Cars 2. The company decided on the freebie, which will apply only to non-commercial use, after last week releasing a new version of the software said to offer “ an …
Simon Sharwood, 04 Jun 2014

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
euros_channel_money

CenturyLink slashes prices to guarantee its megacloud future

When your entire market is hellbent on destroying itself through an endless death march of price cuts, you're faced with a choice, either you hold on tight and keep cutting, or you get into another business. Major co-location provider CenturyLink is opting for the former and to help it along is beginning to put the assets of its …
Jack Clark, 01 May 2014
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
WD flood 2 thumb

ITU says IT industry must become 'resilient' in face of climate change

The International Telecommunication Union (ITU), the United Nations agency responsible for information and communication technologies, has declared the information and communications technologies industries must “design and implement strategies for the sector to better prepare for, respond and adjust to the impacts of short- and …
Simon Sharwood, 30 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
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 …
Rupert and James Murdoch

BSkyB eyes up Uncle Rupert's telly channels in Germany and Italy

Rupert Murdoch is locked in talks with BSkyB to discuss the British pay-TV firm's "potential acquisition" of Sky Deutschland and Sky Italia – both assets of his broadcasting empire, 21st Century Fox. The media baron's Fox, which also owns 39 per cent of BSkyB, confirmed this morning that it's discussing the future of its …
Kelly Fiveash, 12 May 2014
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
Bitcoins

Bankrupt Bitcoin blunder bunker MtGox finds a friend to fend off out-of-pocket investors

Tokyo-based Bitcoin blunder exchange MtGox is officially under US bankruptcy protection, after a Texas court granted approval to start Chapter 15 proceedings for the failed marketplace. MtGox applied for bankruptcy protection in the US and Japan, and has put together a plan to settle class-action sue-balls investors have lobbed …

NASA: ALIENS and NEW EARTHS will be ours inside 20 years

A group of top NASA scientists told the space agency's chief yesterday that the forthcoming generation of space telescopes are likely to discover habitable Earth-like worlds and probably alien life – perhaps within 20 years. We're all someone's Sun "Sometime in the near future, people will be able to point to a star and say, ' …
Lewis Page, 15 Jul 2014

Vendors pushing fibre on developing countries, says Oz minister

Australia's communications minister Malcolm Turnbull has told the International Telecommunications Union (ITU) that developing nations should follow his country's lead in abandoning fibre-only network rollouts for his beloved “multi-technology model”. In a “native media”-style video interview with the ITU in Geneva, Turnbull …

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
Generic mast

O2 and 'leccy firm's MNVO bid flops as £25m glugs down the drain

A new mobile virtual network operator (MVNO) planned by Scottish and Southern Energy has been switched off. The plan, as reported by Mobile magazine, was for the network to run on O2's infrastructure and use SSE’s customer base of 9.6 million customers. Two hundred thousand of those customers already have broadband and fixed …
Simon Rockman, 07 Jul 2014
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 …
medical_doctor_health_channel

Brit PC market out of intensive care thanks to XP, falling prices

The PC market is gradually on the mend after the bloodiest period in its history when businesses sweated their assets, consumers bought tabs and costly excess stock swilled around the channel. Sales went up by mid-single digits in Q1 as UK shoppers in the commercial sectors began to spend on traditional systems again, said …
Paul Kunert, 05 Jun 2014

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