Articles about Board Of Directors

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Straight outta Staines: Attenda has finally been sold... to US biz Ensono

The Staines-based managed service provider Attenda has been sold to Ensono, and we called it. Initially due to be up for sale by owner Darwin Private Equity last year, Attenda wasn't flogged due to its fairly poor results. As we we reported at the time discussions began, Arma Partners worked as financial advisers for the deal …
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Microsoft leads group pelting 'heavy duty' robot maker with $10.5m

RotM Sarcos Robotics has received $10.5m in investment from Microsoft, Caterpillar and other backers. Salt Lake City-based Sarcos, which has offices near Microsoft in Redmond, was founded 25 years ago. It was acquired by Raytheon in 2007 before being bought back by a consortium led by its former president at Raytheon. Now, …
Samsung SUHD 5K TVs

Phones exploding in kids' hands, shares tanking – but it's not all good news at Samsung

Samsung is continuing to take a beating in the market as it staggers from the global recall of its Galaxy Note 7 handset. The Korean consumer electronics giant saw its stock price plummet 6.98 per cent on Monday to 1.46m Korean won per share. This resulted in roughly $15.9bn of value trimmed from Samsung's market cap on the …
Shaun Nichols, 12 Sep 2016
UFC wrestling <a href="http://www.shutterstock.com/gallery-1966235p1.html?cr=00&pl=edit-00">A.RICARDO</a> / <a href="http://www.shutterstock.com/editorial?cr=00&pl=edit-00">Shutterstock.com</a>

UFC champ boards VMware

In a colossal non-surprise, Michael Dell has been elected chairman of VMware's board. Egon Durban's also won a seat: he's the managing partner and managing of Silver Lake, the private equity firm bankrolling plenty of Dell's investments. Durban also sits on the board of UFC - yup, that the Ultimate Fighting Championship, the …
Darren Pauli, 08 Sep 2016

HPE crams unloved software down Brits' throats – then charges them $9bn to swallow it

Hewlett Packard Enterprise will eject its non-core software business in what it calls an $8.8bn "spin merge" deal with UK-based Micro Focus. HPE's big data, security, and IT management products – including some of its ex-Autonomy assets – will be spun out into a new company that will merge with Micro Focus. That's a software …
Shaun Nichols, 08 Sep 2016
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Data-viz biz Tableau Software brings ex-AWS exec to the table

Data-visualisation business Tableau has announced that a former AWS executive, Adam Selipsky, is to come in as the new president and CEO in September as the company seeks to transform itself into a grown-up business. A marketing man at Amazon Web Services, Selipsky was with the cloud giant pre-revenue; it now brings in more …

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

Citrix's GoTo goes to LogMeIn in $2bn merger

LogMeIn has effectively taken over Citrix's unwanted GoTo business. The merger comes after Citrix axed 1,000 staffers in November and threatened to spin off GoTo. The gobble is worth $1.8bn in shares, and effectively puts remote desktop developer LogMeIn in charge of GoTo, Citrix's remote access and conferencing family. …
Chris Williams, 26 Jul 2016

EMC: Sales flat but wallets fat. Ready to vote on the merger?

EMC-Dell deal EMC saw totally flat revenues in its second quarter but profits rose 19 per cent. It could have been better as late orders couldn't be fulfilled. Revenues were a straight $6bn, unchanged from a year ago but up 9.6 per cent sequentially. They were $5.9bn two years ago so EMC is arguably standing still revenue-wise. Net income …
Chris Mellor, 19 Jul 2016

Peglar on the hoof: Micron flash and XPoint VP legs it

Eighteen months after joining Micron as VP of Advanced Storage Solutions, Rob Peglar has thrown in the towel and resigned to take up a post elsewhere. He worked in Micron's storage business unit, headed up by Darren Thomas: the unit responsible for helping Micron flash HW components and software play a part in storage systems …
Chris Mellor, 08 Jul 2016
Veeam CEO Ratmir Timashev

Veeam poster boy and CEO Ratmir Timashev steps down

It's all change at the top of virtual server backup biz Veeam: Co-founder and current chief Ratmir Timashev is stepping back from day-to-day ops by letting exec veep William Largent grab the controls. Veeam said co-founders Andrei Baronov and Timashev, who becomes president, will remain "strategic" to the company but this will …
Chris Mellor, 29 Jun 2016

'Whites are taking over': Race storm hits heart of Africa's internet body

A race row has broken out at the organization responsible for the allocation of IP addresses across Africa. The former CEO of AFRINIC (African Network Information Centre), Adiel Akplogan, has responded angrily to the news that among the candidates planning to run for its board of directors in an election next week is a …
Kieren McCarthy, 03 Jun 2016
Photo by Guillaume Paumier

The Schmidt's hit by the fan: Alphabet investor sues Google bigwigs over EU antitrust ruckus

An Alphabet shareholder is suing company executives – including exec chairman Eric Schmidt, CEO Larry Page, and president Sergey Brin – for their roles in Google's EU antitrust case. Robert Jessup has filed suit [PDF] in a California state court against more than three dozen people, including the Google cofounders and long- …
Shaun Nichols, 26 May 2016

Republicans threaten to derail internet transition

Republican congressmen are increasing their efforts to delay transition of a critical piece of internet infrastructure from the US government to a non-profit organization based in California. For the third time, a House Appropriations subcommittee has included a provision in a must-pass bill that would prevent the Department …
Kieren McCarthy, 19 May 2016
Stanley Kubrick's The Shining

Imation's losses deepen 500%. CEO says things are 'successful'

+Comment About turn! You never lack for excitement with Imation, which has turned the previous quarter’s $94m in revenues and near $10m in losses into this quarter’s $10.7m revenues and $91.1m losses. Oy vey, where did the money go? Let’s try and sort this amazing black hole of red ink – excuse the tortured metaphors – into some kind …
Chris Mellor, 11 May 2016

Steelie Neelie Kroes joins Uber as competition advisor

Controversial taxi app biz Uber has appointed former EU competition and telecoms regulator "Steelie" Neelie Kroes to advise it on, er, competition and regulation. No doubt Kroes' wealth of knowledge of the EU's reams of red tape will help the biz navigate the very regulators Uber has repeatedly butted heads with in the …
Kat Hall, 05 May 2016
Photo by MICHAEL VADON

Ex-HP boss Carly Fiorina sacked one week into new job

Carly Fiorina's astonishing career trajectory into oblivion remains on target tonight after her bid to be US Vice President was cut mercifully short. Just seven days ago, the ex-HP boss was chosen to be the running mate of Texan senator and Republican presidential hopeful Ted Cruz. On Tuesday evening, crushed into a sad paste …
Chris Williams, 04 May 2016
Kalinin Nuclear power plant

Opower, my power: Oracle spends $532m to get some utilities cloud, er, power

Oracle has announced it will acquire Opower in a $532m deal to close by the end of 2016. Virginia-based Opower, which stores and analyses more than 600 billion meter reads from 60 million utility end-customers, is a public company. Its shares were up 29 per cent in pre-market trading on Monday after Oracle declared it would …
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Gwyneth Paltrow and Richard Branson will lead Sage's 'sexy accounting' shtick

Sage Software is following in the footsteps of Microsoft and Salesforce by rolling out big names to vent hot air at its events. The British company, which had revenues of £194m last year, employs 13,000 people and is known for its mid-market accounting software, has signed Virgin empire supremo Sir Richard Branson to anchor …
Gavin Clarke, 26 Apr 2016

SV boss Bill Campbell dies

Long-time Silicon Valley management icon Bill Campbell has died. Campbell, who was 75, left a job coaching sports at Columbia University to go into marketing, leading Intuit and serving as an adviser to Apple and Google. A native of Pittsburgh, Pennsylvania, Campbell spent time with Kodak and Apple before becoming the CEO of …
Shaun Nichols, 18 Apr 2016
Snow White waves goodbye. Photo copyright Disney

Ad slinger Phorm ceases trading

Controversial ad targeting firm Phorm has ceased trading. Phorm’s decision follows a failure to secure enough funding to run its business, as explained in a statement to the London Stock Exchange here. Phorm an advertising-technology company and first party data platform provider, announces that, further to its announcement …
John Leyden, 14 Apr 2016
Slices of madeira cake

Soho baroness at Twitter

The UK's digital darling and Baroness of Soho, Martha Lane Fox, has been appointed to Twitter's Board of Directors according to a filing with the US Securities and Exchange Commission. She tweeted: "I can't wait. Best. Job. Ever. Watch out silicon valley :-))" Slices of madeira cake
China

Sanctions-slapped Chinese telecoms vendor ZTE swaps execs

Chinese telecoms vendor ZTE is overhauling its management board just one month after the biz was slapped with sanctions by the US government over accusations it had violated trade rules in Iran. The company today confirmed it will meet this week to install a new team, following revelations in the Wall Street Journal over the …
Kat Hall, 04 Apr 2016
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Chinese red bull (Huawei) attracted to Big Data and big network streams

Comment We get a chance to assess Huawei and its Enterprise IT business with the publication of its 2015 accounts, which show it grew its enterprise IT revenues 44 per cent year-on-year to $4.3bn. Huawei said its “enterprise business experienced rapid growth in the public safety, finance, transportation, and energy sectors.” In …
Chris Mellor, 04 Apr 2016
Apple logo. Pic: Blake Patterson

Apple Fools: Times the House of Jobs went horribly awry

Apple at 40 Today marks the 40th anniversary of Apple's official establishment. Since 1976, the House that Steves Built has pushed out some of the most beloved personal electronics products in the world. There will no doubt be plenty of articles waxing poetic on the many successes that have dotted the last four decades for the Cupertino …
Shaun Nichols, 01 Apr 2016

Yahoo! Starts! Sale! Process! To! Fend! Off! Starboard!

Yahoo! has been accused of getting serious about the contentious slow-motion train wreck that is its sale process. The Wall Street Journal reckons the recent threat by activist investor Starboard to sack the board of directors has had its intended effect. The Purple Palace has now set a bid deadline of April 11, for …

Load DynamiX ties knot with Virtual Instruments

Load DynamiX, a storage workload monitoring and simulating company, and Virtual Instruments, a Fibre Channel/Ethernet tapper and monitoring business, are merging after the tapper ran out of meaningful growth room. The merged entity will be called Virtual Instruments (VI), and Load DynamiX (LDX) CEO Philippe Vincent will be its …
Chris Mellor, 29 Mar 2016
Cat lies exhausted in front of a sandwich board advertising an internet cafe, with all manner of tech companies' branding plastered all over it: Google, Yahoo, Facebook, MSN , Skype, ,Opera, Ventrilo, Twitter, MIRC!!!

Top! tip! for! Yahoo! – 'Fire! your! board! of! directors!'

The activist investor firm who first pushed for the sale of Yahoo!'s core search business now wants to oust its board of directors. Starboard Value says that it wants to replace all nine directors at the Purple Palace with its own group of nine execs, who will make a "significant change" at the ailing search and advertising …
Shaun Nichols, 24 Mar 2016
Grave Digger monster truck

Yahoo! recruits! two! more! pallbearers!

Two new members have been added to Yahoo!'s board of directors as the web biz continues to ponder its future. The Purple Palace announced on Thursday that former Morgan Stanley managing director Catherine Friedman and former Broadcom CFO Erik Brandt would take the seats vacated last year when Charles Schwab and Max Levchin …
Shaun Nichols, 10 Mar 2016
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Beleaguered bank boss brought-up in Bitcoin bribery brouhaha

The head of a New Jersey credit union has been accused of turning control of his bank over to the operators of an alleged illegal Bitcoin exchange. On Thursday, the US Department of Justice (DOJ) charged Trevon Gross, the once-chairman of the HOPE Credit Union, with taking a $150,000 bribe from the operators of the coin.mx …
Shaun Nichols, 04 Mar 2016
Panic button

Imation owner to Violin: Talk now or it's (proxy) war

Happy weekend guys and let us in, or else it's proxy war. On Friday the Clinton Group and Imation, both stockholders of Violin Memory, sent a forceful letter to Violin's Board about the ongoing sale process and a need for dialogue. Imation is controlled by the Clinton Group. The two companies believe that troubled Violin …
Chris Mellor, 20 Feb 2016
Toilet roll printed with fake US $100 bills

Imation: Data storage? No, come to us for, er, investment advice

Analysis Activist investor-controlled Imation is setting up an investment advisor subsidiary and putting $20m into an offshore investment fund controlled by the activist investor controlling Imation. In an 8-K SEC filing, Imation stated its management "approved a plan to establish a registered investment adviser as a wholly-owned …
Chris Mellor, 09 Feb 2016
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Crossroads preps pesky product portfolio selloff

Crossroads has finally abandoned any pretence of being an archival systems products company any more and has signalled its product portfolio is up for sale. Its latest quarterly results showed what many would call a derisory products business, with revenues of just $1.8m and a loss of $538,000, the latest in a string of …
Chris Mellor, 05 Feb 2016
Sony PlayStation 4 in white

Sony balls up PlayStation businesses, tosses outfit over to California

Sony is consolidating its games business into a single office that will be tasked with running all PlayStation operations. The Japanese electronics giant said that San Mateo, California will be the new headquarters for Sony Interactive Entertainment (SIE), a branch that will handle both the PlayStation console development and …
Shaun Nichols, 26 Jan 2016

Dialog box shut: Now Microchip is set to gobble up Atmel

Microcontroller gurus Atmel look set to be acquired by Microchip – and not by the UK's Dialog Semiconductor. Atmel, a $3.3bn business based in San Jose, California, designs and makes simple and low-power AVR, ARM and 8051-compatible chips for all sorts of electronic gadgets and gizmos. It is probably best known to people as …
Chris Williams, 15 Jan 2016

Zes, zir, zank you, zir: Zerto zucks in 50 zillion zucks in zenture zapital

+Comment Startup Zerto has picked up $50m in a fifth round of funding. Zerto's main product is Zerto Virtual Replication which protects, migrates and recovers applications in cloud and private virtualized data centers; think of it, crudely, as the Veeam of replication. It also has a Cloud Continuity Platform to protect and move …
Chris Mellor, 13 Jan 2016
Shouting match

What's going on with X.org? Desktop software body could lose domain

This time next week, one of the internet's rarest domains – the single-letter X.org – is up for renewal. The multi-million-dollar address is home to a foundation that develops widely used GUI display software for Linux and Unix-flavored desktops. Now it faces an uncertain future. The foundation's board of directors entered …
Kieren McCarthy, 11 Jan 2016
Violin VIMM

Violin Memory's top dog snubs activist investors Clinton Group

Violin Memory's CEO has given the company's board a public pat on the back, snubbing activist investors as he does so. After the Clinton Group letter putting Violin's board on notice to sell the company well before the June AGM, threatening to put up three of its own nominees for board seats, Violin has issued a statement …
Chris Mellor, 11 Jan 2016
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Clinton Group to Violin: What do we want? Sale. When do we want it? Allegro

+Comment Back in July last year activist investor the Clinton Group expressed its feelings about Violin Memory, saying: "If the Company's sales execution does not materially improve and our voice continues to remain unheard, we will have to seriously consider seeking the election of replacements to the Company's Board of Directors at the …
Chris Mellor, 11 Jan 2016
Patrick McGoohan as The Prisoner in "Fall Out"

Assembly of tech giants convene to define future of computing

A flurry of the tech world’s great and good signed up the Cloud Native Computing Foundation yesterday, and kicked off a technical board to review submissions – which will be tested and fattened up on a vast Intel-based “computer farm”. Vendors declared their intent to form the Cloud Native Computing Foundation (CNCF) earlier …
Joe Fay, 18 Dec 2015
Mark Hurd and Safra Catz

Oracle, looks like your revenues were down. 'Cloud! Cloud! Look at the cloud!'

Oracle is pointing to continued growth for its cloud business as the bright side in a quarter that saw the enterprise giant drop revenues slightly, but still top Wall Street expectations. Big Red's fiscal 2016 Q2 numbers ending November 30 were as follows: Total revenues were $8.9bn, down 6 per cent from the $9.5bn haul over …
Shaun Nichols, 17 Dec 2015

Silicon Valley's Congresswoman comes to the defense of Tor

Congresswoman Zoe Lofgren, who represents a big slice of Silicon Valley, has gone to bat for the anonymizing Tor service. In a letter [PDF] sent this week to the head of the Department of Homeland Security (DHS), Lofgren has asked some pointed questions about the role that the DHS played in a recent high-profile case where a …
Kieren McCarthy, 11 Dec 2015
Shop bargain sign

Who! would! want! Yahoo!? How! about! Verizon!?

With Yahoo! continuing to mull a possible sell-off of its core search business, Verizon has emerged as a possible buyer. Speaking at a conference in New York, Verizon chief financial officer Fran Shammo suggested his company might be interested in taking over some of the beleaguered Purple Palace's assets in the event Yahoo! …
Shaun Nichols, 07 Dec 2015
Thirty Meter Telescope

Work on world's largest star-gazing 'scope stopped after religious protests

Building work on the world's largest telescope has stopped after the Hawaiian Supreme Court sided with local groups and withdrew construction permits. The Thirty Meter Telescope (TMT) project broke ground last October – albeit briefly – as protesters flooded the site trying to stop the building work. Local groups claim the …
Iain Thomson, 04 Dec 2015
Titanic sinking

Off-key Violin Memory stuck on a bridge over troubled waters

Disaster! Violin Memory completely failed to report recovery-level third-quarter revenues. In fact things went from bad to worse at the Santa Clara storage biz. Sales in its third-quarter of fiscal 2016, ending October, amounted to $12.5m, 18 per cent lower sequentially and 42 per cent lower compared to the year-ago quarter's …
Chris Mellor, 03 Dec 2015
Richard Lander (Microsoft), Immo Landwerth (Microsoft), Miguel de Icaza (Xamarin)

Why Microsoft's .NET Core is the future of its development platform

Analysis It is just over a year since Microsoft announced the open sourcing of .NET Core, a cross-platform fork of the Windows-only .NET Framework. The .NET Framework is not going away, but it is now apparent that the company's focus is on .NET Core as the future of its development platform. Microsoft's .NET Framework goes back a long …
Tim Anderson, 20 Nov 2015
Photo by Charles Chan

Alibaba presses 'play' on multi-billion video host buy

China's Alibaba is going to sling roughly US$3.67 billion at the country's “YouTube equivalent”, Youku Tudou, to buy a half-billion video clicks via the 80-plus per cent of the company it doesn't already own. The South China Morning Post says the Middle Kingdom's “largest online video services provider” will be taken private …
hacker

US, UK big banks to simulate mega-hacker cyber-attack

A mock exercise will take place this month to test how major banks respond to a major cyber attack, according to a newspaper report. The joint UK and US initiative, Operation Resilient Shield, will be "the most sophisticated test … yet" of the way industry communicates and coordinates its efforts in response to cyber security …
OUT-LAW.COM, 05 Nov 2015

UK finance sector: IT security testing 'becoming close to mandatory'

Regulators are nearly at the point of requiring major financial services companies to participate in a cyber security testing programme, according to the Bank of England. Minutes from a meeting of the Bank's court of directors on 16 September (10-page / 45KB PDF) provide detail of some of the efforts being taken to improve " …
OUT-LAW.COM, 30 Oct 2015
Netflix House of Cards remake

NaaS guys finish ... first: Dell, HP, Mirantis, Tintri in OpenStack brat pack

The Tokyo OpenStack summit saw more announcements today as vendors enjoy playing the Open Stack game which, it appears, no one can lose. Dell, Mirantis and Big Switch Networks have launched an OpenStack Neutron networking reference architecture using a Big Cloud P+V SDN Fabric, Dell Open Networking switches and Mirantis …
Chris Mellor, 28 Oct 2015