Articles about Assets

Credit: Robert O'Neill Licence:

Dotcom keeps assets, for now

The US has suffered a setback in the interminable case of Kim Dotcom, with a New Zealand court ruling against the seizure of his assets, for now. The FBI has been seeking assets from Dotcom and his Megaupload co-defendants in NZ, under an order obtained from US courts. New Zealand's deputy solicitor general had authorised the …
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

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

What sounds like a silly yoga-fitness-dance craze, and lost $325m in value in 8 years? Zimbra

Email and collaboration biz Zimbra has lost 93 per cent of its value in eight years, and has been bought by Synacor for just seven per cent of the price Yahoo! paid for the company in 2007. Scott Dietzen, currently the CEO of Pure Storage, was the president and chief technical officer at Zimbra from March 2005 to October 2007 …
Chris Mellor, 31 Aug 2015

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

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 …
Kelly Fiveash, 25 Nov 2013

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

Alleged $32m Gemcoin crypto-bucks scam busted by Feds

The US Securities and Exchange Commission (SEC) says it has broken up an investment scam that defrauded citizens out of $32m by promising to mine minerals out of the ground – and pay out profits in cryptocurrency. The SEC has lobbed fraud charges at Steve Chen and 13 companies associated with Chen, alleging he raised $32m by …
Shaun Nichols, 02 Oct 2015

Dotcom's file-sharing hive Mega 'sues for copyright infringement'

A company founded by Kim Dotcom, the file-sharing website kingpin who is accused of mass copyright infringement, is reportedly suing another biz for ... copyright infringement. Cloud storage website has apparently fired legal threats at, a website that lists links to downloads of unlicensed material …
Team Register, 15 Jul 2015
Pair of pliers cutting wire

Regulator okays Optus exit from HFC network

The deal between nbnTM and Optus has taken another step towards regulatory approval, with the Australian Competition and Consumer Commission (ACCC) issuing a draft decision to let the deal go ahead. The two carriers have been waiting since December 2014 for the rubber-stamp. The deal will progressively transfer elements of …

Systemax: Shuttering our North America Tech Group may cost $55m

Systemax has gone public with the cost of dotting the Is and crossing the Ts in the closure of its remaining North America Technology Group (NATG), and it's going to be pricey. Very pricey. The ailing reseller revealed last week that US dealer PCM has offered $14m to pick up certain assets, including the right to hire roughly …
Paul Kunert, 24 Nov 2015

Systemax offloads North America problem child to PCM for $14m

Ailing tech supplier Systemax looks to have dealt with the corporation’s problem child – it is selling “certain assets” of the North American Technology Group (NATG) to PCM for $14m and will shutter the rest. The once mighty reseller has reported steep losses and falling sales this year; it has already closed 31 retail stores …
Paul Kunert, 19 Nov 2015

Robots.txt tells hackers the places you don't want them to look

Melbourne penetration tester Thiebaud Weksteen is warning system administrators that robots.txt files can give attackers valuable information on potential targets by giving them clues about directories their owners are trying to protect. Robots.txt files tell search engines which directories on a web server they can and cannot …
Darren Pauli, 19 May 2015
Fibre Optic by Barta IV cc 2.0 attribution

Former nbn CEO Mike Quigley ends his silence, unloads on government

The former CEO of Australia's NBN Co, the entity responsible for building and operating Australia's national broadband network (NBN), Mike Quigley, has hit back at two years of being blamed by two prime ministers for the troubles that beset the project's multi-technology mix model (MTM) mandated in 2013. In particular, Quigley …

Is SanDisk becoming an acquisition target as the market consolidates?

Rumors and speculations are mounting that SanDisk might be an acquisition target, with reports indicating it's been chatted up by two suitors wanting to buy it, with Western Digital (WD) in the frame. There is strong logic for such a deal, as SanDisk is a hugely hot flash product supplier, and partners Toshiba in the flash …
Chris Mellor, 04 Sep 2015
Cow skull

FTC to scavengers: Radio Shack corpse doesn't include customer data

The US Federal Trade Commission (FTC) has issued an official warning to the companies taking over the assets of North American electronics retailer Radio Shack — namely, don't touch customer data. "We understand that RadioShack’s customer information constitutes a potentially valuable asset," FTC Consumer Protection boss Jessica …
Shaun Nichols, 18 May 2015

Vodafone left the lonely singleton as Liberty deal kiboshed

European telco Liberty Global and Vodafone have put the kibosh on their possible merger, the mobile network operator announced late Monday. The businesses have been flirting with the idea of a potential £120bn love-in for sometime. But in a filing to the London Stock Exchange the global telco giant said: "Vodafone today …
Kat Hall, 29 Sep 2015
Kim Dotcom

Megaupload extradition: Rotund web baron Kim Dotcom appears in court

After three years of legal delays, Kim Dotcom finally appeared in court in Auckland, New Zealand, on Monday to start his extradition hearing to the United States. Dotcom faces criminal charges for what the US government has said was an organized plan to make money from selling access to copyrighted music and video. He is …
Kieren McCarthy, 21 Sep 2015
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 …
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 …
Simon Rockman, 23 Mar 2015
Vittorio Colao (CEO)

Vodafone IS talking to Virgin Media daddy Liberty Global

Rumours of all kinds of talks between Liberty Global, which owns Virgin Media in the UK and Vodafone, have been rumbling for months. Vodafone's now come out and confirmed those rumours are true. Vodafone put out a release this morning saying: “Vodafone Group Plc ("Vodafone") notes the recent media speculation regarding a …
Simon Rockman, 05 Jun 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

Amazon slurps Elemental

Amazon Web Services has acquired “software-defined video” player Elemental for an undisclosed sum. According to Elemental's announcement, the transaction is expected to complete in Q4 of 2015. The Information reckons Amazon will fork over US$500 million in cash for the acquisition. Elemental's specialty is on-the-fly video …
Railway line split. Pic: Ian Sane

Blood in the boardroom as Imation ejects from tape media business

Clinton Group execs in charge at struggling Imation have started restructuring the business to make it a tastier dish, discarding its tape media business, selling off property assets and starting a Nexsan array business restructuring exercise. Activist investors at the Clinton Group deposed Imation’s existing board chairman …
Chris Mellor, 29 Sep 2015
London from the International Space Station, credit Commander Hadfield

UK Broadband suffers £37.5m loss after big Relish investment

Hong Kong-based UK Broadband – the parent company of wireless broadband provider Relish – reported a loss of £37.5m for 2014. The firm warned that its current business plan, which relies on two key factors, remained uncertain and may need to be ripped up. It said in its latest filing on Companies House: The first of these is …
Kelly Fiveash, 13 Oct 2015

Oracle plugs flaw used in attacks on NATO and the White House

Oracle has crushed a critical click-to-play vulnerability attackers used in the NATO-busting hacking operation known as Pawn Storm, Trend Micro threat analyst Jack Tang says. The patch is part of a run of 154 fixes from Big Red including 25 for the ravaged Java runtime. The fix will either irk or amuse the sophisticated …
Darren Pauli, 21 Oct 2015

Cement company in sacks out for the lads rumpus

A Spanish cement manufacturer has been called to account for its persistent and blatant use of large-breasted women to punt its wares. Cementos La Unión recently found itself in a Valencia court accused of sexism, following legal action by Spain's Institute of Women, a tentacle of the Ministry of Equality. The Violence Against …
Lester Haines, 11 Nov 2015
Connected Data Transporters

How much? Imation buys Connected Data for $7.5m. No, really

Imation has bought Geoff Barrall’s Connected Data startup for just $7.5m, and finally appointed a new, although interim, CEO. The Clinton Group is the activist investor now in control of Imation’s board and it’s appointed board director Bob Fernander, a Clinton nominee, as interim CEO. He was interim president. Another Clinton …
Chris Mellor, 15 Oct 2015

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 …

What the bleedin' Dell is this? IT giant mulls unit selloffs – report

Reuters reports Dell is thinking of selling off non-core assets to clear the decks before the EMC acquisition and raise $10bn. Four candidate businesses are mentioned: Quest Software IT management with its systems management, security and business intelligence functions SonicWall email encryption and security Rapid …
Chris Mellor, 03 Nov 2015

Ex-Logicalis UK boss Starkey signs up as EMC SDS biggie

Exclusive Former Logicalis UK boss Mark Starkey has crossed the fence into vendor land for the first time, rocking up as the lead for EMC’s software defined storage unit. The exec split from the IBM and Cisco integrator in February after 17 years at the firm, the last two at the helm of the Brit operation, and was subsequently replaced …
Paul Kunert, 09 Oct 2015
Firefox logo

Mozilla annual report shows risky Google dependency now risky Yahoo! dependency

The Mozilla Foundation has released its 2014 annual report and while revenues are up, the numbers show the outfit is now very dependent on Yahoo! for future income and has declining market share. The good news is that revenue for 2014 was up by US$15m to $329.5m, a nice jump. The bad is that Firefox, which generates 90 per …
Simon Sharwood, 26 Nov 2015

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

FTC fells four tech-support operations in scammer crackdown

The US Federal Trade Commission (FTC) is cracking down on scammers who fraudulently claim to represent the likes of Microsoft and Apple. The FTC said it has been granted a court order for an asset freeze and an injunction order on four companies who it said were tricking people into paying for unneeded, and in some cases, …
Shaun Nichols, 13 Nov 2015

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 …

Keep 'em coming, folks: Huawei snaps up Amartus SDN division

Chinese kit maker Huawei has snapped up the software-defined networking division of Irish software outfit Amartus. Zha Jun, president of Huawei’s fixed network products unit, said the deal is part of the company's strategy is to expand its cloud and network services. Amartus’ senior team and product staff will join Huawei, …
Kat Hall, 13 Jul 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 …
Money for nothing by dire straits

VMware considered de-composing NSX into discrete products

VMware considered, but rejected, the idea of creating a range of network virtualisation products by breaking out subsets of functionality from its flagship NSX product. When VMware introduced NSX, it expected users would put it to work as a control plane for networks, taking over from routers' and switches' own software. …
Simon Sharwood, 21 Oct 2015

US radar paparazzi snap 'Halloween Asteroid'

NASA has served up some radar images of the so-called "Halloween Asteroid" - a 600 metre diameter ball of rock that whisked past Earth on 31 October. Mercifully, Bruce Willis' services were not required, as asteroid 2015 TB145 - to use its official title - came no closer to Hollywood than 1.3 lunar distances (480,000km). NASA …
Lester Haines, 04 Nov 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 …

SanDisk 'explores' sale, WD and Micron prick up ears - report

SanDisk has hired a bank to explore selling itself, according to reports citing confidential sources. Western Digital (WD) and Micron are said to be interested, Bloomberg has claimed. SanDisk was rumoured to be an acquisition target last month, with WD in the frame. With Dell bidding US$67.1 billion for EMC, perhaps the tech …
Chris Mellor, 14 Oct 2015

Russian peeping Toms look at but won't touch popped web data troves

Cyber Defence Summit Researchers have spotted an attack campaign, possibly emanating from Russia, that is compromising Websites solely to conduct reconnaissance. The "look, don't touch" nature of the campaign makes FireEye's threat intelligence manager Nick Rossman and director Laura Galante suspect it's the work of a spy agency like Moscow's …
Darren Pauli, 15 Oct 2015
Microsoft monopoly

Microsoft in SaaS-y cloud data security slurp

Microsoft has acquired cloud security outfit Adallom. Adallom was founded in 2012 and follows the “R&D in Israel, sales in Silicon Valley” template for a range of data security products for clouds. The company's wares bring data loss prevention and reporting to cloud storage services, offering users the chance to see just who' …
Simon Sharwood, 09 Sep 2015
Cell tower, view from below. Image by

Roll-your-own public safety broadband network too pricey for Australia

Australia’s Productivity Commission says emergency services should drop the idea of building a dedicated mobile broadband network and use commercial services instead. In its draft report, the Productivity Commission says a dedicated network with its own spectrum would cost more than A$6 billion over the next 20 years. …
Bill Bennett, 23 Sep 2015

Mining for insight in the economy of things? Check your toolkit

The Internet of Things (IoT) has given us watches that talk to our phones, phones that talk to our cars, and robot spies that talk to Amazon. But can it revolutionise industries with lots of unstructured information that hasn’t yet been collected? The IoT concept is a bit like soap in the bath. You think you’ve got a grip on …
Danny Bradbury, 15 Sep 2015