Articles about Auction

Auctioneer with hammer

Going, going, done: Trio of prolific auction fraud fraudsters jailed

Three men have been jailed yesterday over a conspiracy to commit internet shopping fraud scam that involved taking payments for non-existent goods and services. Calin Serbenescu, 28, a former labourer, was sentenced to five years' imprisonment; Ionut Cotavian Anitescu, 26, unemployed, was sent down for three years; while Dorel …
John Leyden, 20 Sep 2016

UK's EE scores network reliability clean sweep, rival dwarves fume

EE has edged ahead of CK Hutchison’s Three as the most reliable UK mobile network, according to RootMetrics' biannual survey. With its scale and tasty spectrum, EE still tops the board in overall performance, and all six individual measures including network speed, data, call and text performance. The previous survey, …
Andrew Orlowski, 06 Sep 2016
An upset woman with an empty wallet

US spectrum auction falls short by, oh, you know, $66bn thanks to tightwad mobile giants

The US Federal Communications Commission (FCC) will have to change its plans for the 600MHz radio spectrum auction for mobile broadband – after the latest stage of bidding raised just $22.4bn of an $88bn goal. "Bidding in the forward auction has concluded for Stage 1 without meeting the final stage rule and without meeting the …
Shaun Nichols, 31 Aug 2016

'NSA' hack okshun woz writ by Inglish speeker trieing to hyde

The perpetrator behind the dumping of tools penned by the probably-the-NSA hacking squad called"Equation Group" appears to be a native English speaker, according to linguistic data researcher Shlomo Argamon. Earlier this month some 300 files were circulated online purporting to be stolen from the Equation Group, which is …
Darren Pauli, 23 Aug 2016

UK's mass-surveillance draft law grants spies incredible powers for no real reason – review

IPBill An independent review into bulk surveillance powers in the forthcoming Investigatory Powers Bill has warned that there is no proven case to let British snoops hack the planet. The study group examined the UK government’s Operational Case for Bulk Powers [PDF], which provided the government’s reasons for needing the most …

Gawker.com to shut down

In the aftermath of losing a $140m privacy lawsuit to Hulk Hogan after publishing a private sex tape of the wrestler, Gawker Media is being sold off – well, nearly all of it. The vast majority of Gawker Media – including websites like Gizmodo and Lifehacker – has been gobbled up by Spanish-language telly giant Univision for $ …
Chris Williams, 19 Aug 2016
Smilin' Marv

Cisco confirms two of the Shadow Brokers' 'NSA' vulns are real

It's looking increasingly likely that the hacking tools put up for auction by the Shadow Brokers group are real – after Cisco confirmed two exploits in the leaked archive are legit. The two exploits, listed in the archive directory as EPICBANANA and EXTRABACON, can be used to achieve remote code execution on Cisco firewall …
Iain Thomson, 17 Aug 2016
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#Shadowbrokers hack could be Russia's DNC counter-threat to NSA

One of the most interesting hacks in recent memory is almost certain to be a compromise of infrastructure operated by an ultra-elite hacking group thought to be the United States' National Security Agency. The breach involves the public release of more than 300 files that showcase a host of exploits against companies including …
Darren Pauli, 17 Aug 2016
Russian astronauts

Russia investigates downsizing space station crew from three to two

NASA has confirmed that the Russian Federal Space Agency Roscosmos is mulling whether or not to continue staffing the International Space Station with its usual complement of astronauts. Last week the Russian newspaper Izvestia quoted Sergei Krikalev, director of manned programs at Roscosmos, saying that the agency had …
Iain Thomson, 17 Aug 2016
Auctioneer with hammer

FCC airwaves auction opens bidding

The US Federal Communications Commission (FCC) has formally opened the bidding process on a spectrum auction that looks to raise billions in revenues and expand the coverage and quality of wireless broadband networks. The Commission on Tuesday kicked off the "clock phase" portion of the auction, in which telco providers submit …
Shaun Nichols, 16 Aug 2016

Shadow Broker hacking group auctions off claimed NSA online spy tools

A group calling itself the Shadow Brokers has started an online auction for top-of-the-range tools it claims were stolen from the Equation Group, a digital attack squad linked to the NSA. The Shadow Brokers posted up news of the auction saying (in broken English) that they had been monitoring the Equation Group's servers, had …
Iain Thomson, 15 Aug 2016
Girder photo via Shutterstock

Microsoft: Why we had to tie Azure Stack to boxen we picked for you

Microsoft has explained the rationale behind last month’s announcement that you won’t be allowed to simply download Azure Stack and get going. In July Redmond informed fans the only way they’d be able to get Azure in their own data centres would be on hardware of its choosing. Specifically, Azure Stack will only come pre- …
Gavin Clarke, 15 Aug 2016

Cyber-crime cost calculation studies are rubbish: ENISA

ENISA, the European Union Agency For Network And Information Security, has taken a look at “cost of cyber attack” studies and reckons they're not much good. The agency is far too polite to put it that way, but in this report, it says there's no consistent approach to trying to quantify the cost of attacks on what it calls …
Bitcoin

Uncle Sam set to flog Silk Road's Bitcoins

The US Marshals have set the date for an auction of Bitcoins seized in the takedown of the Silk Road market and its aftermath. The Marshal Service says it will be auctioning off a block of 2,719.32669068 units of the cryptocurrency on August 22. The estimated worth of the Bitcoins is $1.6m. Among the coins to be auctioned are …
Shaun Nichols, 08 Aug 2016

Simply not credible: The extraordinary verdict against the body that hopes to run the internet

In an extraordinary judgment, the organization that hopes to take over running the top level of the internet later this year has been slammed by an independent review as at best incompetent and at worst deliberately mendacious. The decision [PDF] by ICANN's Independent Review Panel (IRP) over the organization's decision to …
Chris Williams, 03 Aug 2016

Give .gay to the gays, roars exiting ombudsman

The independent ombudsman at DNS overseer ICANN has used his last day on the job to fire a broadside over the ".gay" top-level domain. In a ruling published on his own website, Chris LaHatte argues that the organization's board should reject a recommendation by its own governance committee (BGC) and should grant special …
Kieren McCarthy, 29 Jul 2016

Someone (cough, cough VeriSign) just gave ICANN $135m for the rights to .web

An unnamed organization just paid $135m for the rights to sell ".web" domain names. This is three times the previous record of $45m for .shop, and seven times the average auction price for top-level domains. The massive price tag has raised eyebrows in the domain name industry, not least because one of the companies taking …
Kieren McCarthy, 28 Jul 2016
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FCC approves 5G auction

The Federal Communications Commission (FCC) has unanimously approved the auction of a large block of its airwaves to be used by next-generation 5G networks. The regulator's decision will make the United States the first nation to allocate a large chunk of high frequencies to the coming technology. Those frequencies were …
Kieren McCarthy, 14 Jul 2016
sale

Confirmed: Dell software sell-off

Dell has confirmed rumors that it is selling off its software division to private equity firms Francisco Partners and Elliott Management. "Francisco Partners and Elliott Management's deep passion for technology and proven track records in nurturing and building software businesses will enable Dell Software's loyal base of …
Iain Thomson, 20 Jun 2016

Queen's birthday honours shower knighthoods and gongs on tech's finest

The UK IT industry was plunged into paroxysms of modesty, humility and genuine self-effacement today, as the PRs got to work in the wake of the Queen’s birthday honours list. Tech luminaries made a good showing this year, from the lower rungs of BEMs and MBEs right up to dizzying heights of knighthoods. On which note, arise …
Joe Fay, 13 Jun 2016

One entire US spook base: Yours for $1m+

Those readers with a few bucks to spare and who fancy owning an entire US base with a decidedly spooky history should proceed directly here for the opportunity to bid on Sugar Grove Station in West Virginia. The facility once served nearby antennas forming part of ECHELON, and although the eavesdropping kit isn't included in …
Lester Haines, 09 Jun 2016

Digital ad biz is fraudulent by design, complain big brands

Global trade body the World Federation of Advertisers (WFA) has produced a useful guide to the digital ad industry's toxic sludge. The WFA represents the biggest spenders on digital advertising, such as Unilever and MasterCard, and they're not happy. Advertisers lose out from ad fraud, and firms need to clean up their own act …
Andrew Orlowski, 07 Jun 2016
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

Bitcoin to be hammered – in an auction, that is

Australia is getting ready to sell off a bunch of Bitcoin seized by police under proceeds of crime laws, in an international auction. Ernst & Young will put more than 24,000 Bitcoin under the hammer, so to speak, at a most-current valuation of around US$11.5 million (more than AU$16 million). The auction is slated for June 20 …
Google provides great mobile coverage for Yetis

Goa grabs Google, whispers 'come here, you Loon'

The Indian state of Goa wants to attract Google to the region for its Project Loon balloon broadband trials. The news comes as the Chocolate Factory gets close to agreement with Indian carrier BSNL about spectrum sharing. India's national government has long shown an interest in Loon. In November 2015, the minister in charge …

French duck-crushing device sells for €40k

A duck-crushing device pertaining to posh Paris eatery Tour d'Argent has sold at auction for a wallet-draining €40,000. The silver-plated duck press was specifically created for the preparation of the restaurant's signature canard à la presse, and had been expected to attract around €4,000-€6,000 when it went under the hammer …
Lester Haines, 10 May 2016
the red underpants are bugging from buechertiger's Flickr feed of Bonn street art

Vodafone changes mind, wants 700 MHz spectrum after all

Vodafone has put a half-billion-dollar offer to the Australian government for the 700 MHz spectrum it skipped in the government's 2013 spectrum auction. The company has told telecommunications industry newsletter Communications Day it wants to take the licenses for a shorter term than the auctioned spectrum – 11 years rather …
eBay

eBay buys AI biz Expertmaker for machine learning boost

eBay has announced it is buying AI firm Expertmaker, which specialises in AI, machine learning and data analytics. The e-commerce giant has been working with Expertmaker since 2010 to organise and crunch massive data sets. It will join eBay’s structured data product and technology team. Financial terms of the deal were not …
Katyanna Quach, 06 May 2016
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FCC 126MHz 5G auction

The FCC says that it will be able to offer 126MHz of spectrum space to US cell networks in its upcoming auction. The American comms regulator set the target with a planned May 31 start date for the auction, in which wireless carriers will bid on spectrum space previously used by TV stations for over-the-air broadcasts. The …
Shaun Nichols, 29 Apr 2016
£10 notes. Pic: Howard Lake

Ah, so that's why Adapt wasn't put in the shop window in 2015

The reason why Lyceum-backed Adapt remains Lyceum-backed is contained in their latest set of annual profit and loss accounts - company growth stalled and so a sales process was halted. The London-based outfit was expected to come onto the market last last year and tasked M&A and corporate finance advisor ARMA Partners with …
Paul Kunert, 18 Apr 2016
Pawn Shop

Cash-strapped Sprint to raise $2.2bn by flogging off its network hardware

Mobile carrier Sprint says it will raise $2.2bn by selling and then re-lease its own network hardware. The SoftBank-owned US telco said it will use money from the sale to return to profitability by providing a much-needed infusion of cash, as it works to turn around a business that had become a cash sink. "Sprint and SoftBank …
Shaun Nichols, 07 Apr 2016
Charis Tsevis's icon montage of Steve Jobs

Done making the big stuff better? The path to Apple's mid-life crisis

Apple at 40 Forty years ago today, Yasser Arafat was on the front page of The New York Times, the cover of Time magazine was screaming about "The Porno Plague," Johnnie Taylor sang "Girl you ought to be on T.V. on soul train" as his "Disco Lady" topped the US pop charts, and the Apple Computer Company was born. Apple co-founder Steve …
Rik Myslewski, 01 Apr 2016
trolley_shopping_648

Web hosting and domain name merchant UK2 Group puts up for sale sign

Hosting and domain name registrar UK2 Group is using the services of an investment banker to find a buyer - the second such attempt in a year, sources have claimed. Torch Partners is running the process on behalf of owner LDC, the mid-market private equity wing of Lloyds Banking Group, which took a majority stake in the group …
Paul Kunert, 24 Mar 2016
shutterstock_gold

SoftBank crashes into America's broadband spectrum party, checkbook in hand

US carrier Sprint could be getting in on the upcoming FCC wireless spectrum auction after all. According to a report from financial news service CTFN, SoftBank, based in Japan, is reportedly mulling a run at the upcoming 600MHz auction. The report claims SoftBank would form a new company that would bid on the spectrum space …
Shaun Nichols, 14 Mar 2016

Feel old? You will now: Blighty's mobile network Three is a teenager

Hutchison Whampoa’s Three network turns 13 today. The fifth mobile network to launch in the UK went live on … the March 3, 2003. Or 3-3-03. (Geddit? The date was no accident: 3 is a lucky number in Chinese culture.) Car crash Even with Hutch’s billions behind it, 3 had a rotten launch. The entire industry was suffering a …
Andrew Orlowski, 03 Mar 2016

Activist investor tells dot-word biz to sell off 'garbage' new domains

One of the biggest names in the domain name market, Rightside, has been hit with a broadside from an activist investor. J Carlo Cannell, who owns 7 per cent of the public company through his Cannell Capital company, filed an extraordinary and at times abusive letter with the SEC in which he outlined his frustration with the …
Kieren McCarthy, 02 Mar 2016

Institute of Directors: Make broadband speeds 1000x faster than today's puny 2020 target

Forget the government's paltry promise of universal broadband speeds of 10 Mbps by 2020. The Institute of Directors is today calling for a target of 10 gigabits per second by 2030. In its Ultrafast Britain Broadband report, author Dan Lewis said Blighty currently lives in a paradox. "It has some of the worst broadband speeds …
Kat Hall, 29 Feb 2016
Google provides great mobile coverage for Yetis

Indian DEITY tells Google to choose broadband bride

The Indian government has asked Google to tie the knot with a local carrier, so it can begin trialling Project Loon in the country. The Chocolate Factory's heavenly broadband project attracted the attention of India's DEITY (Department of Electronics and Information Technology) in November 2015, but access to spectrum has been …

No tit for tat, or should that be tat for tit ... Women selling stuff on eBay get lower bids

It's no secret that women tend to be paid less than men across many professions, and now researchers say the pay gap even extends to goods sold online. A pair of academics in Israel studying eBay auction results over a three-year period found that when selling the same items, both new and used, female sellers got a lower …
Shaun Nichols, 20 Feb 2016

India's ‘Facebook ruling’ is another nail in the coffin of the MNO model

Nobody could accuse India’s telecoms regulator, TRAI, of being in the operators’ pockets. This month it has, once again, set eye-watering reserve prices for the upcoming 700 MHz spectrum auction (see separate item), and now it has taken one of the toughest stances in the world on net neutrality, in effect banning zero rated or …
Wireless Watch, 15 Feb 2016

Ofcom spent £10m in past 2 years desperately lobbing away sueballs

Updated Communications regulator Ofcom spent nearly £10m over the last two years fighting off legal threats by providers, according to a Freedom of Information response. During that time the regulator splashed the cash instructing lawyers to fight off legal challenges against its decisions, as well as salaries for in-house legal bods …
Kat Hall, 12 Feb 2016
Stanley Kubrick's The Shining

Anova takes small slice of failing AOptix

Free-space optics vendor AOptix is reportedly on skid row, with Anova Technologies catching part of the company on the way down. The company's ULL3000 "ultra-low latency division" will become part of Anova, and in a media release the buyer says it will retain "core employees" at AOptix's Silicon Valley campus. AOptix is one …
Cell tower, view from below. Image by Shutterstock.com

EU could force countries to allocate 700 MHz band to mobile by mid-2020

New legislation could force EU countries to make sure the 700 MHz band of spectrum is made exclusively available for mobile services by the middle of 2020. The European Commission has published proposals to introduce new laws that would require EU countries to “allow the use of the 694-790 MHz frequency band for terrestrial …
OUT-LAW.COM, 08 Feb 2016
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Optus, Telstra, TPG and Vodafone spaff AU$543.5m on spectrum

Australia has scored AU$543.5m (US$391m) for part of its 1800 MHz spectrum. The The Australian Communications and Media Authority (ACMA) has announced the outcome of auctions it initiated in November 2015, with the following results. Bidder Total price Optus Mobile $196 million Telstra $191 million …
Simon Sharwood, 05 Feb 2016

Alphabetti spaghetti: What Wall Street isn't telling you about Google

Alphabet, Google’s parent company, has made the front page with its latest financials – overtaking Apple as the world’s most valuable public company. But size isn’t everything. The numbers illustrate the nature of Alphabet’s grip over digital trade – with Alphabet really controlling the price of transactions, and what value …
Andrew Orlowski, 02 Feb 2016
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Indonesian government cracking the whip on lazy telcos

Indonesia's crowded mobile carrier market is set for a consolidation one way or the other, with the country's communications minister warning minnows they could lose their operating licenses. The world's fourth most populous nation, with about 250m souls inside its borders, has ten mobile carriers. The United States' 320m …
Cell tower, view from below. Image by Shutterstock.com

America to ITU: Sort out your spectrum policy

America is threatening to “go it alone” on spectrum policy, again. Speaking to think-tank New America, Federal Communications Commissioner Michael O'Reilly took a swipe at last year's World Radiocommunication Conference and said America “and other countries … will move forward in key spectrum areas, such as 600 MHz and 28 GHz …

Optimus Prime goes under the hammer

Film buffs with deep pockets and a really big garage should consider moseying on down to the forthcoming Barrett-Jackson Scottsdale auction, where the 1992 Peterbilt 379 Optimus Prime tractor will go under the hammer. The Optimus Prime Peterbilt tractor The custom rig appeared in three Transformers movies playing the …
Lester Haines, 14 Jan 2016
Motorola Aura

Motorola cut in half! But still alive, and ready to live again

Reports of Motorola's death (well, of the iconic brand at least) are looking premature, so calm down guys, you'll still get to see your batwings. Owner Lenovo has now said it will not only promote the "Moto" name (please note, not the cumbersome four syllable mouthful of "Motorola"), but also retain the iconic batwings logo, …
Andrew Orlowski, 08 Jan 2016
Amputation

Slimmed-down Verizon looks to lop off another piece of itself

Verizon is reportedly looking to sell off some of its data center facilities, in what would be a continuation of the telecom giant's move away from its non-wireless business. A report from Reuters cited sources familiar in claiming Verizon has begun an auction process for the data centers that make up its colocation business. …
Shaun Nichols, 07 Jan 2016

Rumor mill in overdrive as Dell pumps up Perot price, Atos offers $4.3bn

The sale of Dell's hospital IT consulting arm, Perot Systems, has hit a frenzy of speculation, with Atos reportedly leading the pack of companies with a $4.3bn offer. Dell let companies know it wanted to auction off Perot late last year and put out a $5bn price tag. Since then a series of media leaks have pitched companies …
Kieren McCarthy, 05 Jan 2016