Articles about Assets

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

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 …

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 …
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
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
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

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

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 …

UK.gov set to burn half a BEELLLION POUNDS on one-dole-to-rule-em-all IT, claims PAC chair

The UK government's deeply troubled Universal Credit omni-dole project is expected to lead to IT write-offs of more than £500m, according to Public Accounts Committee chair Margaret Hodge. In an interview for a special BBC Radio 4 programme on welfare reform, the Labour MP said that she believed money blown on the taxpayer- …
Kelly Fiveash, 29 Oct 2014
Tornado_funnel

Violin Memory hires ex-Egnyter to add heat to global channel sales

Flash storage biz Violin Memory is hoping to pump up its channel sales volume by recruiting an ex-Egnyte channel sales VP to replace a guy who went to HGST. Jeff Nollette joins from Egnyte, where he spent seven months as its VP for Channels, helping to build a channel for that company's file sync and share product. Before that …
Chris Mellor, 04 Dec 2014
Hadoop_elephant

Teradata gobbles up data squasher RainStor

Teradata has bought RainStor, the deduping database supplier and Hadoop convert. RainStor specializes in archiving and two years ago put its analytics engine and enterprise database on Hadoop, the Google-inspired big-data cruncher. Financial terms of the deal for the privately held RainStor were not revealed. Teradata called …
Gavin Clarke, 18 Dec 2014

Drive-making kingpin WD gobbles Skyera... to give to HGST

Rumour had it last month that WD was going to buy Skyera and rumour was right. WD subsidiary HGST is getting an early Christmas present with WD buying the all-flash array packing density king and assigning it to HGST. Skyera changed its CEO in August, with COO Frankie Roohparvar taking over from flash tech genius and co-founder …
Chris Mellor, 15 Dec 2014
creative commons - must credit clarence: *www.sxc.hu/profile/clarence

HDS: Storage? Pah! We're working on a SMART CITY OPERATING SYSTEM

Hitachi Data Systems (HDS) is working on two projects that will scale its compute and storage technologies to serve Internet of Things deployments in smart cities. Speaking yesterday at the company's innovation forum in Singapore, Asia-Pac CTO Adrian De Luca mentioned the company's recently announced decision to build an EVO: …
Simon Sharwood, 19 Nov 2014

Home Office: Fancy flogging us some SECRET SPY GEAR?

The Home Office is seeking suppliers for a £20m contract for a "bespoke tracking and surveillance system" for all law enforcement agencies. The tender for surveillance, security systems and devices also includes software "to meet the specific and unique operational requirements of a covert surveillance systems." Suppliers will …
Kat Hall, 27 Nov 2014

Seagate connects Hadoop and Lustre in an open sourcery ceremony

Seagate has written a Hadoop connector for Lustre, meaning Hadoop-using systems can now fetch data from a Lustre parallel file system array, as part of a small contribution by the US data storage company to an open source world. The Hadoop on Linux Connector (HoLC) means that data stored on a Lustre system doesn’t need copying …
Chris Mellor, 19 Nov 2014
Bitcoin bloodbath

FTC to flog Butterfly Labs' Bitcoin holdings

The US Federal Trade Commission has stuck another pin through Butterfly Labs, obtaining a court order that the company hand over any Bitcoins it had mined for itself. The company had promised potential customers that its US$29,000-plus servers would embiggen punters' Bitcoin wealth to wildest-dreams level. It turned out to be …

Watch this! The changing face of malware

Video 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

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 …
money notes lifted up

Private equity downs WAN furtler Riverbed in $3.6bn gulp

+Comment WAN optimiser and app speeder Riverbed is being bought by private equity house Thoma Bravo for $3.6bn. Riverbed failed to grow sufficiently and its business foundered somewhat, opening it up to the attentions of activist investor Elliott Management. That's the same investor that is pushing EMC for a VMware sell-off. In October …
Chris Mellor, 15 Dec 2014
france

How many telecoms firms left in Europe? Another mega-billion deal slated in France

French cable telecoms operator Numericable has won conditional approval for its multi-billion-euro takeover of Vivendi's SFR mobile network operator, paving the way for the firm to close the deal by the end of the year. Reuters reported that France's competition authority said Numericable would have to divest certain assets and …
OUT-LAW.COM, 31 Oct 2014

Shouty investor Elliott makes PUBLIC CALL for VMware sale

Comment 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
Downing Street road sign

Universal Credit CRISIS: Up to £200m in IT spend WASTED – NAO

Around £219m in IT investments in the much-maligned Universal Credit programme may be written off, a National Audit Office report has revealed today. To date, £344m in IT investment has been sunk into the programme, but just £125m of those assets are currently in use. The NAO revealed the department has written off a further £ …
Kat Hall, 26 Nov 2014

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

COMET barrels towards Mars, machines of humanity race for cover

Pic 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
HP and Shrek 2

Shrek-as-a-service: DreamWorks and Infosys team up

Here's an odd one: Indian outsourcer Infosys and Hollywood animation studio DreamWorks Animation have created a “strategic engineering partnership”. The deal looks to involve Infosys running its eye over the technology DreamWorks uses to make movies and figuring out how to commercialise it. The Indian company will “... deploy …
Simon Sharwood, 17 Nov 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 …
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
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
CHIMP robot

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

RoTM 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
NSA TTTC logo

GSMA denies latest Snowden leak

Mobile carrier club the GSMA has hit back against the latest round of Snowden claims, saying it can't find any evidence of “active targeting or compromise of GSMA systems, communications and stored documentation”. When The Intercept first ran its accusation – that the NSA and GCHQ successfully broke into the traffic of more than …
denmark

Denmark BANNED from viewing UK furniture website in copyright spat

Save the Egg! A court in Denmark has ordered a British furniture company to block users with Danish IP addresses from visiting its website. In most of Europe, including Denmark, furniture designs are protected by copyright for 70 years from the death of the designer. However, in the UK, the Copyright, Designs and Patents Act …
Jennifer Baker, 12 Dec 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 …
Pigeon crapping on statue

That's all folks! US TV streaming upstart Aereo files for bankrupcy

It's the end of the line for the TV streaming biz Aereo: it has filed for Chapter 11 bankruptcy protection and appointed a chief restructuring officer to extract some remaining value from its assets. "Our engineering team created the first cloud-based, individual antenna and DVR that enabled you to record and watch live …
Iain Thomson, 21 Nov 2014

Our system handles £130bn and it's BUST. Want the job of fixing it? Apply to UK.gov

The Department for Work and Pensions (DWP) has identified "technical and security vulnerabilities" in its £284.9m central benefits payment system - responsible for underpinning the much-maligned Universal Credit programme and processing 13 million payments each week, The Register can reveal. The Central Payments System's …
Kat Hall, 20 Nov 2014

Nokia STORMS back into profit, FREE from phones and Windows

Nokia reported solid results on Thursday even after giving long-suffering shareholders a dividend and taking the hit of a one-time charge. Profits (non-International Financial Reporting Standards*) rose to €353m on earnings of €3.3bn, up from €2.9bn a year ago. With the Windows Phone albatross thrown to a reluctant new owner, …
Andrew Orlowski, 23 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
BlackBerry Passport

BlackBerry chief vows: We'll focus on 'core devices' and on, er, NOT LOSING MONEY

BlackBerry chief John Chen has said that the Canadian firm won’t be trying to launch too many new devices as it struggles to claw its way back to profitability. Chen told Reuters that the firm was focused on profits, so it wouldn’t be pushing for heaps of new smartphones. "Once we turn this company to profitability again, I …
Sorry we're closed

Failed would-be COMET saviour now FAILS to save his own biz

A creditors' meeting has been called for Lewisons Wholesale, an electrical retailer run by Clive Coombes, the man that tried and failed to resurrect the brand name of fallen UK High Street giant Comet. As revealed by the Register last month, Lewisons Wholesale was struggling to remain afloat and had notched up eight County Court …
Paul Kunert, 15 Dec 2014
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

Analyst calls it: we've got a software-defined networking BUBBLE

Forrester analyst Andre Kindness has used two very significant words - “irrational exuberance” - to describe the white box networking market. “Irrational exuberance” was famously used by former US Federal Reserve chair Alan Greenspan in a 1996 speech bemoaning over-valued assets. The term was often invoked during the subsequent …
Simon Sharwood, 05 Dec 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 …