Articles about Assets

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

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
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
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 …

Netflix airs its developers' Dirty Laundry

Netflix has developed a platform, using soon-to-be open source tools, that probes for vulnerabilities and monitor data leakage. One initiative dubbed the "Dirty Laundry Project" monitors for Netflix assets unintentionally exposed by its staff. Engineers Scott Behrens and Andy Hoernecke (pictured above) told the Shmoocon …
Darren Pauli, 09 Feb 2015
Scrooge McDuck

Elite: Dangerous 'billionaire' gamers are being 'antisocial', moan players

A set of disgruntled owners of Elite: Dangerous have formed a Customer Action Group in order to pressure Frontier Developments over bugs, broken promises and a decision to allow players to retain unfairly acquired in-game gold. Elite: Dangerous' woes started last year when it cancelled a promised offline mode, angering some …
Simon Sharwood, 07 Jan 2015
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
Broke - empty pockets

Bankrupt RadioShack to close up to 2,900 stores, share others with Sprint

RadioShack filed for bankruptcy protection on Thursday, in a long-expected move that will result in the struggling electronics retailer closing around half of its stores in the US and Canada. The firm is seeking protection under Chapter 11 of US bankruptcy law, which will allow it to continue operations as it attempts to …
Neil McAllister, 06 Feb 2015
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
Hacker, Hoaxer, Whistleblower, Spy book cover

Alleged Aussie Anon hauled in for Indonesia phone tap hacking spat

A Melbourne man has been charged with instigating an Indonesian-led hack of Australian intelligence websites as an alleged member of the Anonymous collective. Matthew John Hutchison, 21, faced Melbourne Magistrates Court this week over allegations he convinced Indonesian Anonymous hackers angry over October 2013 revelations that …
Darren Pauli, 27 Feb 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 …
US Digital Service Logo

Obama pinches VMware's CIO for same gig at White House

VMware's senior veep and CIO Tony Scott has been made an offer he couldn't refuse: to take the latter job in the US Government. The White House announced the appointment Thursday, with the canned statement saying he's the right person to meet the gig's goals of "driving value in Federal IT investments ... delivering world-class …
Simon Sharwood, 06 Feb 2015

Not just Imation's imagination: That sinking feeling is real

+Comment Imation has turned in another quarter of revenue decline and losses and a full year of shrinking revenues. Its management is talking about strategic options and unlocking value with a financial advisor – which sometimes means selling off non-performing assets, though we couldn't say it does in this case. Let's get the numbers …
Chris Mellor, 10 Feb 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 …
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

Herjavec Group swallows Brit security services minnow Sysec

Candadian managed security services biz Herjavec Group has crossed the pond to hoover up Brit minnow Sysec, a specialist boutique that ploughs its furrow in the same field. The buy forms part of Herjavec’s three-year $250m “expansion plan” - it is more than half way there but may need to make a few more buys to get there given …
Paul Kunert, 05 Feb 2015
Scrooge McDuck

Frontier wipes credit of Elite: Dangerous 'billionaire' badboys

Players of the game Elite: Dangerous who were made overnight "billionaires" due to a credit refund glitch will get their "winnings" wiped, the game's maker, Frontier Developments, has said. Initially the company offered the affected "commanders" a choice over whether they kept their loot or had their credit reset in order to …
Kat Hall, 08 Jan 2015

Bitcoin, Litecoin, cash, watches seized from alleged software pirates

US authorities, moving on what they allege was a ring selling pirated Microsoft license keys, have seized US$7 million of assets from companies in Missouri, Nevada, Washington state and Maryland. The seizures include US$25,000 worth of Bitcoin and US$1,269 from an individual identified in the filing in the Western District Court …
Night scene of bank station in central london

Lazy FTSE 350 firms think lawyers can fight off cyber-security worries

Poor communication between boards and front-line management as well as a growing reliance on legal remedies mean UK companies are still falling short when it comes to cyber-security. A KPMG survey of FTSE 350 firms found that 61 per cent of board members reckoned they had a decent understanding of their company’s key information …
John Leyden, 16 Jan 2015

Brocade reels in app delivery controller biz from Riverbed

Riverbed is making more progress in selling off non-core assets with Brocade intent on picking up its SteelApp application delivery controller. Under pressure from activist investor Elliott Management, network optimisation supplier Riverbed is going private and selling off non-core assets, like SteelCore, to improve its …
Chris Mellor, 06 Feb 2015
Three  UK Passports

Home Office wins appeal against £224m e-Borders payout

The UK Home Office has won an appeal against US defence giant Raytheon to award the company £224m after cancelling its £750m e-Borders contract. The company was engaged by the Home Office in 2007 to design the e-Borders technology system. However, by 2010 the Home Office had terminated the contract on that grounds that key …
Kat Hall, 17 Feb 2015
Suitcase bulging with cash

Alca-Lu's Chinese joint venture in corruption scandal

Alcatel-Lucent's operation in China, Alcatel-Lucent Shanghai Bell (ASB), has been accused of graft by an HR manager who has since gone missing. According to a Caixin report, 45-year-old Jia Lining took to the WeChat messaging application to post accusations against “high-level” executives of ASB that they engaged in corruption …

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
Hitachi mining shovel and rigid dumptruck

HDS makes its move beyond storage with telco data analyser

MWC 2015 Hitachi Data Systems (HDS) has taken big step away from storage by releasing a realtime telco traffic monitor. Hitachi has, of late, woken up to the fact that its heavy industry arms – the group makes trains, mining and construction equipment, power generation kit and much more – emit just the kind of information that Big Data …
Simon Sharwood, 02 Mar 2015
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 …
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
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

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

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
Fight sticker

Chaos reigns as Coms plc CEO tries (fails) to stage boardroom coup

A senior level dust-up has erupted at Coms Plc with CEO David Breith trying to stage a boardroom coup, amid widening losses and a spat over Coms shares that he quietly bought. The acquisitive London-based comms biz, which swallowed certain assets from Redstone and telephony player Actimax, confirmed the chaos in a stock market …
Paul Kunert, 25 Feb 2015

Shareholders pen outraged letter about Ellison's bulging package

Oracle and its founder Larry Ellison are facing fresh calls from shareholders to change the company's high compensation structure for executives, and stop ignoring requests to communicate with directors. Dutch and UK shareholder groups PGGM and Railways Pension Trustee Company Limited have more than 2.8 million members and $ …
Kat Hall, 26 Jan 2015

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
Noctilucent_clouds

Quantum adds cloud tier to StorNext

Quantum has added cloud storage to its StorNext file virtualisation package, embedding it in the workflow process as just another tier. StorNext presents a single namespace file storage resource to its users, be the files on primary disk, secondary (Lattus object) disk, or tape (archive). The idea is that StorNext is embedded in …
Chris Mellor, 30 Jan 2015
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
Telstra logo

Telstra goes for Chinese takeaway with Pacnet buy

As foreshadowed last week, Australia's dominant telco, Telstra, will acquire Pacnet. Pacnet is perhaps easiest to understand as a mini-Equinix that also owns its own submarine cables, so offers carriage services and interconnection between bit barns. Those assets have led it to create a sofwtare-defined (wide-ish-area) …
Simon Sharwood, 23 Dec 2014

Reddit showers gold on drugs, hippies and Tor-rorists

4chan-for-beginners website Reddit has announced the winners of its charity give-away. The site said that it would donate 10 per cent of its ad revenues from the last year - US$827,659.49 - to 10 charities selected by its user base. Each charity will receive a check for $82,765.95 from Reddit. True to form, Redditors settled on …
Shaun Nichols, 26 Feb 2015

DRAM-firm-fattened flash bods double last year's profits

Memory/flash chip maker Micron, fattened with Japanese DRAM firm Elpida, has recorded record revenues of $4.57bn. Its first quarter of fiscal 2015 finished with a bang on December 4, 2014, delivering revenues 13 per cent higher than a year ago and eight per cent up on the fourth fiscal 2014 quarter. Profits of a round billion …
Chris Mellor, 07 Jan 2015
WTF?

NBN Co says TWO broadband connections are better than one

+Comment NBN Co, the entity building Australia's national broadband network, has come up with an odd suggestion: two broadband connections, each running on different access technologies, are better than one. The suggestion is odd because NBN Co's mandate is to give each Australian household and business one internet connection using one …
Simon Sharwood, 26 Feb 2015