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Spicerex says roar

Spiceworks scoops $57m in 'last funding round before IPO'

Spiceworks, the Texas-based web-2.0 platform for sysadmins, has announced that it has closed a $57 million round of funding - which it expects to be its last before an IPO. The funding is led by Goldman Sachs and brings the total amount raised by the company to $111 million. In exchange for the cash splash, Goldman Sachs gets …
Trevor Pott, 04 Feb 2014

Bitcoin cred boosted by $25m cash infusion into Coinbase

The Bitcoin sector has been given a new boost of confidence following a $25m investment by famed Silicon Valley venture capital firm Andreessen Horowitz. The firm said that it would take a stake in Coinbase, a San Francisco startup that specializes in managing Bitcoin wallets and facilitates transactions between customers and …
Shaun Nichols, 12 Dec 2013
The Register breaking news

Reform candidate gets CISSP tin star sheriff's job

Reform candidate Dave Lewis has been elected to the (ISC)2 board of directors. The security certification body, which administers the Certified Information Systems Security Professional (CISSP) qualification, has about 80,000 members worldwide. Four of the 13 seats on the (ISC)2 board were up for election this year; one of the …
John Leyden, 06 Dec 2012
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Ex-General Electric boss unleashes bile on HP board

Oracle's Larry Ellison isn’t the only CEO mouthing off at Hewlett-Packard’s decision to hire Leo Apotheker as the company’s replacement for disgraced former boss Mark Hurd. Now Jack Welch, the ex-chief of General Electric, is sticking the boot in, too. According to the Wall Street Journal, Welch said in New York yesterday at the …
Kelly Fiveash, 06 Oct 2010

Bolshy Balch Hill blasts STEC bosses after talks break down

Activist investor Balch Hill has told STEC's shareholders that they should consider putting up a For Sale sign on the fallen flash leader's lawn and booting out the CEO and former CEO, the Moshayedi brothers. Balch Hill, which holds 9 per cent of shares, and its partner Potomac Capital have issued a letter to STEC shareholders …
Chris Mellor, 20 Mar 2013
The Register breaking news

Apple board member Jerry York dies at 71

Jerome York, the financial mind and turnaround expert who most recently shared his business acumen as a long-serving member of Apple's board of directors, died Thursday morning of a brain aneurysm suffered Tuesday. York was 71 years old. "Jerry joined Apple's Board in 1997 when most doubted the company's future," said Apple CEO …
Rik Myslewski, 18 Mar 2010

Oh, a Wyse guy, eh? Why I oughta make you Nexenta's new CEO

ZFS-storage software supplier Nexenta has changed its CEO for the second time in eight months, going for a popular exec from the ranks of IT's great and good: Tarkan Maner. Nexenta, which provides the Open Solaris and ZFS-based NexentaStor software storage OS, positions itself as the software-only answer to vendors who fear the …
Chris Mellor, 29 Aug 2013
FCC logo

Watchdog FCC gets new overlord ... so, how about that net neutrality, eh?

The new head of the Federal Communications Commission (FCC) has formally relaxed into his office chair. The watchdog said Tom Wheeler was sworn in as director, and will now appoint his staff. Among the new faces set to take over at the telecoms regulator are chief of staff Ruth Milkman, and counselors Philip Verveer, Gigi B. …
Shaun Nichols, 05 Nov 2013
management management4

Emulex execs in boardroom-chair-swap as investors circle

Emulex execs have performed a three-way exec and boardroom chair swap as activist investors look for ways to squeeze the company for a big payday. Board chairman Paul Folino reverts to being a director, CEO Jim McCluney becomes executive chairman, and president and chief operating officer Jeff Benck becomes CEO and president. …
Chris Mellor, 16 Jul 2013

BlackBerry inks deal to go private for $4.7bn

BlackBerry – or, as the struggling Canadian smartphone manufacturer has been renamed by the chattering classes, "Beleaguered BlackBerry" – has signed a letter of intent to be taken private by a consortium led by Fairfax Financial Holdings of Toronto, Ontario. Fairfax currently owns about 10 per cent of BlackBerry, and the …
Rik Myslewski, 23 Sep 2013

Carl Icahn broadcasts his $150bn Apple shakedown effort to world+dog

Activist investor Carl Icahn has reiterated his recommendation to Apple CEO Tim Cook that Cupertino blow $150bn to buy back company stock, and this time he has shared his reasoning with world+dog. "We find it difficult to imagine why the board would not move more aggressively to buy back stock by immediately announcing a $150 …
Rik Myslewski, 24 Oct 2013

Dell goes private: Stock ceases trading, now Big Mike's baby once again

It's official: Dell is now a private company. Founder Michael Dell and Silver Lake Partners have completed their acquisition of the firm in a deal valued at around $24.9bn. "Today, Dell enters an exciting new chapter as a private enterprise," Dell (the man) said in a canned statement. "Our 110,000 team members worldwide are 100 …
Neil McAllister, 29 Oct 2013
The Register breaking news

Google boss quits Apple board in wake of Chrome OS

Apple announced today that it has finally severed ties with Google CEO Eric Schmidt, who had been on the firm's board of directors since August 2006. The decision to cut Schmidt loose hardly comes as a surprise. In May Mountain View confirmed reports that the US Federal Trade Commission was probing whether overlapping board …
Kelly Fiveash, 03 Aug 2009
hands waving dollar bills in the air

Nekkid Tech: Why Amazon is the crack dealer of cloud

Greg Knieriemen and trusty sidekick Ed Saipetch have posted another Nekkid Tech classic. This week they chat to Mark Twomey (aka "StorageZilla") and "disruptive tech diva" Christina Weil. This week: Ed and Greg figure out data plans in Europe; Thai massage parlours in Soho; Spotify vs Pandora; Fatboy Slim's subliminal Apple …
Team Register, 17 Jan 2012
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SoftBank sweetens Sprint bid by over a BEELLLION dollars

Japanese carrier SoftBank has sweetened its deal for US phone firm Sprint by over a billion dollars just two days before shareholders were due to vote on the offer, making the board very happy – but delaying the final merger decision. SoftBank is now willing to part with $21.6bn for 78 per cent of the network, which is the third …
The Register breaking news

News Corp's digi boss departs ahead of Murdoch's biz split

News Corp's digital chief, Jonathan Miller, has resigned from Rupert Murdoch's media company ahead of its planned split into two "distinct" firms. Miller had served as chief digital officer since 2009. The company confirmed he would be leaving his job at the end of September, but added Miller will serve as an outside advisor …
Kelly Fiveash, 24 Aug 2012
homeless man with sign

Satyam board mulls buyers shortlist

Satyam's government-appointed board of directors met today to look at bids received for the company - the deadline for registering interest was last night. Directors have appointed former Chief Justice of India SP Bharucha to oversee the process. Interested bidders have until next Friday to provide proof of funds totalling at …
John Oates, 13 Mar 2009

Intel to put pedal to metal in 14nm Atom upgrade

When the Intel Developer Forum (IDF) kicks off in San Francisco on September 10, Chipzilla may announce that it will radically accelerate its development of 14-nanometer Atom processors. So says a report by Barron's, citing "a person close to Intel" who told the financial news service that the chipbaking giant will trim its …
Rik Myslewski, 19 Aug 2013
Dell logo in crosshairs

Dell ready to pay Icahn $25m to behave himself during buyout deal

The board of directors at Dell are so eager to look like they are doing their jobs selling off the company to the highest bidder that they are willing to spend tens of millions of dollars to cover the expenses for due diligence that three different groups – one led by company founder Michael Dell, and others lead by Blackstone …
The Register breaking news

'Depression-era grandma' Apple responds to bolshy investor

Apple has taken the unusual step of publicly responding to a complaint from a shareholder who compared the company to his cash-hoarding grandmother. David Einhorn, president of Greenlight Capital, said that Apple Inc had a "depression era" attitude to cash that reminded him of his grandmother who refused to leave voicemail …
Anna Leach, 08 Feb 2013
The Register breaking news

HP accuses Hurd of repeated lying

HP's chairman Ray Lane has accused Mark Hurd of repeatedly lying to the board of directors in an angry letter to the New York Times. Lane was writing in response to an opinion piece in the paper which suggested HP's new boss, Léo Apotheker, formerly boss of SAP, was guilty of worse misbehaviour than Hurd. The article said …
John Oates, 12 Oct 2010

Microsoft - do you really think you can take on Google with Nokia?

Microsoft's purchase of Nokia's phones business – which outgoing CEO Steve Ballmer has since described as a way for Redmond "to accelerate" – appears to be an attempt to add another weapon to its anti-Google arsenal. Ballmer is quoted as saying: "By the early part of this year it was clear to me that perhaps acquisition would be …
Chris Mellor, 03 Sep 2013
The Register breaking news

Yahoo! faces battle for the board

Yahoo! might not have escaped the clutches of Microsoft after all. Activist investor Carl Icahn has confirmed he will fight to take over Yahoo!'s board of directors in order to force through a takeover by Microsoft. Icahn, who succeeded in getting board seats at Motorola, today named the ten people he would like to see replace …
John Oates, 15 May 2008
The Register breaking news

Big Blue gives Big Sam big bags of cash

IBM's board of directors wants to give the company's top brass plenty of maneuvering room to engineer the earnings per share growth that they have promised Wall Street, and therefore has authorized the company to spend an additional $7bn on stock buybacks. When combined with $5.2bn in monies left over from IBM's previous stock …

Embattled Xyratex prepares poison pill: You'll never take me alive!

Xyratex, the OEM supplier of disk drive arrays that has been facing troubled times for while now, has erected a poison pill defence and is paying dividends to keep its shareholders happy as it moves into HPC array building. The company, which sells disk drive arrays on the OEM market, has moved into the high-performance …
Chris Mellor, 19 Dec 2012
The Register breaking news

.uk election called off due to lack of interest

After years of controversial and often fiercely contested leadership elections, .uk domain name overseer Nominet has cancelled its forthcoming directorship poll after only two people applied. Two non-executive seats on the Nominet board of directors were up for re-election this year but, due to the poor turnout, both candidates …
Kevin Murphy, 20 Apr 2011
The Register breaking news

Judge OKs Novell investor suit over Attachmate sale

A judge in the Delaware Court of Chancery has ruled that members of Novell's board who approved the company's sale to Attachmate must defend their decision in court against allegations that they acted in bad faith by ignoring competitive offers from other parties. Novell's board of directors voted to accept Attachmate's $2.2bn …
Neil McAllister, 08 Jan 2013
management management3

Intel plucks new CEO Brian Krzanich from its own ranks

Intel has dipped into its own ranks to choose a new CEO who has already clocked up 30 years at the company. The world’s largest chip manufacturer announced that former chief operating officer Brian Krzanich will be the new chief executive officer, six months after former CEO Paul Otellini announced his retirement following eight …
Jasper Hamill, 02 May 2013

Jobs will return, says Apple's board

The Apple shareholders meeting held Wednesday was dominated by a man who wasn't there: Steve Jobs. All the other members of Apple's board of directors were in attendance, save Google CEO Eric Schmidt, but none would provide any more-detailed information about the missing Jobs. “Nothing has changed,” said board member Arthur …
Rik Myslewski, 26 Feb 2009
The Register breaking news

'Uncle of the internet' named ICANN chair

The Internet Corporation for Assigned Names and Numbers has named internet veteran Steve Crocker as the new chairman of its board of directors. Crocker is noted for his work on the ARPANET, the internet's predecessor, in the 1960s and 70s, as well as his involvement with the Internet Engineering Task Force since its inception. …
Kevin Murphy, 24 Jun 2011
The Register breaking news

Yahoo! board! adds! Icahn! allies!

Following through on its pact with Wall Street kingpin Carl Icahn, Yahoo! said today that two Icahn pals have been added to its board of directors. In late July, Icahn called off his Yahoo! proxy battle in exchange for three board seats: one for himself and two more to be filled with two other names from his list of nominees. …
Cade Metz, 14 Aug 2008
The Register breaking news

Apple's Tim Cook: I'm risking my own MEELLLIONS if we sink

Apple CEO Tim Cook has tied his future pay packet to the fruity firm's performance, in a move which could end up costing him over $100m. In a bid to stave off concerns that his company is on the verge of catastrophic decline, Steve Jobs' heir has put his own neck on the line by promising to sacrifice almost 40 per cent of the …
Jasper Hamill, 24 Jun 2013
OCZ VeloDrive

New top boss for flash upstart OCZ appears on radar

A new CEO for flash storage startup OCZ has possibly emerged from the mists: Ralph Schmitt has resigned as chief exec of PCI electronics biz PLX - and he sits on OCZ's board. OCZ ousted CEO Ryan Petersen last month, on the back of revenue shortfalls and a kerfuffle over a will-they-won't-they acquisition by Seagate. Alex Mei …
Chris Mellor, 10 Oct 2012
The Register breaking news

IBM board gives Big Sam another $5bn

IBM's stock repurchasing addiction to show earnings per share growth continues unabated, and today the company's board of directors gave the company's management another $5bn bag of junk to take to Wall Street to buy back its own shares in the coming year. The news came as IBM was paying out its quarterly dividend of 55 cents …
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Micron bought the ashes of crashed Virtensys

Far from backers celebrating anything like a fourfold payout after Micron bought Virtensys, it turns out the sad reality is that Virtensys was close to collapse and Micron is buying the ashes of a crashed startup. Stockholders will get nothing as the firm avoided a disastrous implosion by the skin of its teeth. The picture we …
Chris Mellor, 23 Jan 2012
The Register breaking news

Icahn wins seat on Motorola board

The Motorola board of directors has agreed to give two seats to nominees of activist investor Carl Icahn in exchange for an end to all legal battles between the two. Icahn missed out on winning a board seat in May 2007 but has continued his critical campaign against the company's management. Motorola has already accepted Icahn's …
John Oates, 08 Apr 2008
Tim Cook

Apple CEO Cook's investor-meeting reveal: 'Dog bites man'

One of the duties of a modern CEO is to offer as little detail as possible during investors' meetings, and Apple's headman Tim Cook has proved himself a Jedi master of snooze-inducing vapidity. Speaking at Apple's annual investors meeting on Wednesday at the company's Cupertino headquarters, Cook piled bromide upon cliché upon …
Rik Myslewski, 28 Feb 2013
The Register breaking news

Yahoo! chairman! falls! on! his! sword!

Yahoo!'s chairman and three other board members are stepping down as the once-mighty web firm continues its drawn-out internal shake-up. Chairman Roy Bostock announced the purge in a letter to shareholders, saying the directors had chosen not to stand for re-election to the board "in order to accelerate the company's …
The Register breaking news

Yahoo! director! bows! out! after! CEO! CV! blunder!

The Yahoo! director who led the search for CEO Scott Thompson has said she won't be standing for re-election to the board as a new committee is appointed to look into his padded CV. Patti Hart, whose educational background also had a discrepancy revealed by activist investor Third Point, said that "after careful consideration" …
The Register breaking news

Murdoch moves for full control of Sky

Sky shares jumped 18 per cent this morning on news that Rupert Murdoch is seeking full control of the company. Murdoch's News Corp is offering 700p per share - an offer rejected by Sky's board of directors. Murdoch's son James has removed himself from negotiations - he is Sky's chairman as well as chairman and chief executive …
John Oates, 15 Jun 2010

Billionaire engineer Ray Dolby, 80, dies at home in San Francisco

Ray Dolby, the engineer who for most of the last half century has improved our ability to record and play high-fidelity sound and who founded Dolby Labs, has passed away at his home in San Francisco after being diagnosed with acute leukemia earlier in the year. "Today we lost a friend, mentor and true visionary," said Kevin …
Iain Thomson, 13 Sep 2013
Screenshot from Doctor Who serial "The Face of Evil"

CarelessDotData: 'The state is not going to do dastardly things' with your privates

This was the week when MtGox - Bitcoin exchange extraordinaire - had a major meltdown. The digital currency exchange shut up shop, which its website suggested was because it was about to be acquired, but documents circulating the internet said had something to do with the alleged theft of 750,000 Bitcoins worth millions of …

EMC's big kahuna Tucci threatens to cling on until 2015

Joe Tucci, the chairman and CEO of EMC, is staying on at least until 2015, dashing the hopes of company execs who have their eyes on the top job. Joe Tucci, EMC, standing Storage giant EMC filed an 8K form with the US Securities and Exchange Commission that states Tucci will remain the head honcho until at least February 2015. …
Chris Mellor, 10 Sep 2012
The Register breaking news

Mozilla CEO exits just as Firefox mobiles roll out

Mozilla's chief executive is stepping down amid a re-positioning of the managerial brass after barely two years into a mission to take Firefox mobile. Gary Kovacs, appointed Mozilla's third CEO in November 2010, will vacate his position "later this year" with the Firefox shop now beginning a search for a brand-new chief …
Gavin Clarke, 11 Apr 2013

Former co-CEO Balsillie has cashed out all his BlackBerry stock

Whatever happens to BlackBerry from here on out, it won't make any difference to Jim Balsillie. As of Thursday, the onetime co-CEO of the mobile maker formerly known as Research in Motion no longer has any stake in the company he helped lead for 20 years. According to an SEC filing on Thursday, Balsillie now owns zero shares in …
Neil McAllister, 15 Feb 2013
Oracle co-president Mark Hurd explaining the Platinum service level price

Ex-HP boss Mark Hurd's $53m gold parachute approved by judge

A US judge has dismissed a shareholder lawsuit against HP's board of directors over its bumper severance payment to ex-CEO Mark Hurd. District Judge Edward Davila said investors had failed to prove that the board's approval of Hurd's big package was not in the company's best interest. Hurd, now president of rival Oracle, left …

Aereo streaming TV now bargaining chip in Time Warner Cable, CBS tiff

Locked in an acrimonious retransmission-fee battle with CBS Corporation, Time Warner Cable has slipped a new arrow into its negotiation quiver, saying that if CBS blacks out its content from Time Warner's service in New York, the cable company will recommend that its subscribers sign up with the internet-streaming service Aereo …
Rik Myslewski, 22 Jul 2013

FalconStor struggles on as antsy backers whine 'C'mon, let's sell'

After losing its CEO a few weeks ago, standalone storage software shipper FalconStor has duly reported poor results. Since then it has got into bed with a new VC to shore up its balance sheet, ended an investment banking deal with Wells Fargo, and teamed up with Violin Memory to develop new products. The interim president and …
Chris Mellor, 13 Aug 2013
Dell logo in crosshairs

Icahn lines up prodigious Dell deal dough

Carl Icahn, the activist investor* who has been providing the only alternative to Michael Dell's plan to take the IT company that bears his name private, has finally lined up the financing that he says will be necessary to acquire Dell at a higher price than Dell, the man, is offering. In a letter to Dell shareholders and the …
The Register breaking news

Kaggle gets a gaggle of VC cash

Australian data analytics crowdsourcing start-up Kaggle has raised $US11 million in Series A funding from a glittering array of technorati. The financing round was led by Index Ventures and Khosla Ventures with participation from PayPal co-founder Max Levchin, Google chief economist Hal Varian and Applied Semantics’ (now Google …