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Articles about Cfo

Measuring up Apple

Apple CFO's departure signals changing of guard

Apple will soon find itself having to replace the man who oversaw the company's finances through its most prosperous years. Peter Oppenheimer has announced his intent to step down from the company by September, vacating his role as Chief Financial Officer to Luca Maestri and riding off into the sunset to take a board position at …
Shaun Nichols, 05 Mar 2014
The Register breaking news

Yahoo! boss! boots! out! CFO! and! Google! kisses! up! for! future! search! deal!

It's easy for Google chairman Eric Schmidt to be playful about a future search deal with Yahoo! now that ex-Chocolate Factory Golden Girl Marissa Mayer is at the helm of the Purple Palace. Schmidt apparently hinted at just such a search pact on Tuesday. At present, Yahoo!'s search is powered by Microsoft's Bing – but there's …
Kelly Fiveash, 26 Sep 2012
The Register breaking news

CFO Seifert finds AMD's executive exit door, walks through it

The personnel changes in AMD's executive suites continue with the resignation of the company's CFO, Thomas Seifert, on Monday. "Seifert's departure is not based on any disagreement over the company's accounting principles or practices, or financial statement disclosures," the company assured investors in a statement announcing …
Rik Myslewski, 17 Sep 2012
management strategy3

CFO warns IBM's 'underperforming' storage crew: We'll take 'substantial action'

IBM's first quarter 2013 results were disappointing, and if you're in storage and servers at Big Blue, it appears the numbers guys are focusing on some of your product lines. In the earnings call, CFO Mark Loughridge said: "There are parts of our business that are in transition or have been under-performing like elements of our …
Chris Mellor, 23 Apr 2013
The Register breaking news

Zynga CFO cuts out the middleman and moves to Facebook

Sinking ship Zynga has lost yet another senior executive, as chief financial officer Dave Wehner abandons the firm for a glittering career at Facebook. Zynga said that Wehner had resigned for a "senior finance position" at the social network that more or less provides Zynga's revenues. "Dave remains a good friend to us all and …
The Register breaking news

Apple denies reported plan to deep-six CFO Oppenheimer

Apple has reportedly been fishing around for a new chief finance officer, even though the iPhone and Mac vendor has strongly denied it is mulling a replacement for its current top bean counter. According to Bloomberg, which cites sources familiar with the situation, Apple asked Blackstone Group's finance boss Laurence Tosi to …
Kelly Fiveash, 07 Jan 2011

Apple finance overlord Oppenheimer: I love Apple, but I gotta get this pilot licence. See ya

Apple's chief bean counter Peter Oppenheimer – the man who has been a constant during Apple's dark pre-iPod days and amid the meteoric rise since – is to call it a day at the end of September. The Cupertino finance lord manages all the grey aspects of the colourful tech vendor's biz including treasury, information systems, …
Paul Kunert, 04 Mar 2014

Microsoft CFO quits as quarterly results fail to sparkle

Microsoft has released its financial results for the third financial quarter of 2013 and the results make uncertain reading for CEO Steve Ballmer, who is also about to lose his chief financial officer Peter Klein. Redmond reported revenues of $20.49bn for the three months ended 31 March, up 17.2 per cent year-on-year, and …
Iain Thomson, 18 Apr 2013
The Register breaking news

Verizon CFO: 'Unlimited' data is just a word

Verizon Chief Financial Officer Fran Shammo has told analysts that "unlimited" when used to describe data is "just a word" and the idea of an open pipe is heading to extinction. "What customers are understanding and through our good sales routine is once you explain to a customer their usage on a monthly basis, unlimited is just …
Iain Thomson, 21 Sep 2012
The Register breaking news

Intel gives former CFO Bryant the chair

Chip giant Intel has named Andy Bryant – its former CFO and current executive vice president in charge of its technology, manufacturing, and services operation – as vice chairman, and tapped him to become chairman of the board next May. Bryant came to Intel in 1981 after stints at Ford Motor Company and Chrysler – and I know …
The Register breaking news

Microsoft CFO bullish in Windows convergence and comms plans

Microsoft’s CFO Peter Klein took to the stage at the Goldman Sachs Technology & Internet Conference on Wednesday to outline where Redmond is headed in the next 3 to 5 years – and it’s all going to be about cross-platform. “What we're trying to do is develop a complete set of experiences across all device types, be they TV, …
Iain Thomson, 16 Feb 2012

eBay takes a small bite out of execs' bonuses

eBay chief exec John Donahoe's take-home pay has shrunk by half compared to last year, partly because the online tat-bazaar's financial performance didn't live up to expectations. Donahoe was paid $13.8m in wages and bonuses for 2013, down 53 per cent from the whopping $29.7m he trousered for the previous year. "The Committee …
fingers pointing at man

QLogic CFO Biddiscombe moves up to CEO

Storage adaptor firm QLogic will have a new CEO from 15 November onwards. Simon Biddiscombe, the current chief financial officer, has been appointed by QLGC's board of directors. Long-term QLogic boss H K Desai is moving upstairs to become executive chairman. He has been CEO for 15 years and is in his mid-sixties. We speculated …
Chris Mellor, 22 Oct 2010
The Register breaking news

Office 365 supremo seizes control of Microsoft's purse strings

Top Microsoft exec Amy Hood, who masterminded the multi-billion-dollar Skype and Yammer deals, is Redmond's new CFO. Hood was named today as the new custodian of the corporate purse. She replaces numbers-man Peter Klein, who announced his exit in April but will stay on until June. She is the first woman to occupy the chief …
Gavin Clarke, 09 May 2013

Investor lobs sueball at BlackBerry, says it 'misled' shareholders

A BlackBerry shareholder has filed a lawsuit accusing the company and its chief exec and CFO of inflating its share price with unrealistic promises about BB10, leading to thousands of investors getting burnt. The suit was filed in federal court in Manhattan, New York, by one Marvin Pearlstein, in the names of "thousands" of …
Bill Ray, 07 Oct 2013
channel_teaser_exit

Westcon bidding farewell to chief bean counter

Westcon has waved goodbye to long serving chief abacus stroker John O'Malley who resigned after nearly 14 years service The industry veteran was made CFO in 1999 and added exec veep to his title in 2006. He leaves on 3 June to "pursue other business opportunities", parent company Datatec has confirmed. Group president and CEO …
Paul Kunert, 24 May 2013
cable

Intel to extend data centre tyranny into mobile, says CFO

Intel's CFO has rubbished ARM's prospects of making a serious dent in the data centre, arguing that whatever the chip IP developer is aiming at, Intel will be well ahead. At the same time, Stacy Smith insists that Intel will soon be eating into ARM's position in the mobile arena, despite the recent flight of its anchor partner …
Joe Fay, 26 May 2011
Joe Tucci EMC

EMC II CEO David Goulden leaves VMware board

David Goulden, chief executive officer of of EMC Information Infrastructure and chief financial officer of EMC, has left VMware's board. Goulden will be replaced by Paul Sagan, a partner executive-in-residence at venture capital outfit General Catalyst Partners. Sagan is also on EMC's board and is a former CEO of Akamai. The …
Simon Sharwood, 08 Apr 2014
hand holdin retro telephone

Tech Data dials up operations man for Europe

Tech Data (TD) continues to bulk out the management team post accountancy probe, hauling in former Ingram Micro UK boss Johan Vandenbussche to head up Operations across Europe. Under the newly created position, the industry vet will oversee HR, logistics, IT coordination and the internal consulting team, which is designed to " …
Paul Kunert, 06 Mar 2014
The Register breaking news

Apple raids Xerox YET AGAIN - for its chief beancounter

Xerox has announced that Apple has snaffled its chief financial officer Luca Maestri to be the new Cupertino corporate controller from the end of February. The firm synonymous with photocopying said Maestri was a "stellar finance executive" and that it had started a search to replace him. Maestri will take over from ex-Appler …
The Register breaking news

Did NBN Co’s recruiters miss CFO's accident prone past?

The sudden exit of NBN Co’s CFO, Jean-Pascal Beaufret, raises doubts over the original selection process by which the French executive was given charge over the purse strings of the Australian government’s most ambitious infrastructure project. Recent Department of Broadband, Communications and Digital Economy documents …

Hey IBM – Lenovo here. Sort your server factory strike out, will you?

Chinese PC maker Lenovo has shrugged its shoulders at a strike in a server factory in China, saying that it's up to IBM to sort out the dispute before its server business transfers to Lenovo later this year. Yet Lenovo has said that it will keep the same salaries and benefits in place for Big Blue employees moving across. More …
channel

Former Isilon CFO charged over secret customer deals

Isilon's former chief financial officer, Stuart Fuhlendorf, is being charged by the US SEC with cutting secret customer deals and reporting false and inflated sales results. According to a report the SEC has settled its dispute with Isilon over a resulting restatement of accounts for 2006 and 2007 which revealed $4.8m in …
Chris Mellor, 15 Sep 2009
Google Fiber

Google promises 10Gps fiber network to blast 4K into living rooms

Google Fiber is the fastest broadband internet provider in the US, but according to the Chocolate Factory's CFO Patrick Pichette, its 1Gbps connection speeds are going to increase ten-fold. Pichette told the Goldman Sachs Technology and Internet conference that the firm is actively developing the equipment to pump 10Gbps of data …
Iain Thomson, 14 Feb 2014
Masayoshi Son

Softbank boss promises 'massive price war' if he can buy T-Mobile US

The billionaire boss of Softbank, which owns US network Sprint, has promised a price and technology war with American mobile market leaders AT&T and Verizon – if he's allowed to merge with T-Mobile US, of course. Masayoshi Son made the promise during an interview with PBS' Charlie Rose, as embedded below. Son said Verizon and AT …
Iain Thomson, 11 Mar 2014
Farmville on the iPhone

Zynga dodges IPO lawsuit thanks to lack of 'basic factual details'

Zynga has seen off a lawsuit that accused the gaming firm of misleading investors about its financial and business prospects ahead of its initial public offering back in 2011. Shareholders who launched the suit had alleged that Zynga had "engaged in a deliberate scheme to mislead investors by portraying the online gaming company …
HTC

HTC looks to cheaper phones as revenues wane

HTC said that it will pull away from the premium smartphone market and focus its efforts on lower-cost handsets. The company said in its latest quarterly report, published on Monday, that the move would help the company improve its margins as HTC struggles to cope with plummeting revenues. The firm reported 42.9bn NT$ (New …
Shaun Nichols, 10 Feb 2014
EE 4G banner

EE owners: Yeah, we're cool with things as they are... IPO? Nah, not really

The owners of Blighty's EE mobile operator have said that they're going to hang onto the company for now, delaying potential plans to float the firm or sell off their stakes. Germany's Deutsche Telekom and France's Orange said they want to maintain the current management structure of the joint venture, which was created in 2010 …

Redstone's chief bean counter resigns as biz slowly dismantles itself

Networks integrator Redstone has revealed that its chief bean counter, Peter Hallett, has resigned in the wake of the demerger with its managed services arm. Back in February, Redstone confirmed plans to spin off its network managed services biz into a newly incorporated firm, Redcentric, a process that completed in April with …
Paul Kunert, 28 Jun 2013
Groupon office screen

Groupon splurges $260m on Korean deals firm as cash bleed continues

Groupon has announced that it will be buying Ticket Monster, the Korean firm owned by its daily deals rival Living Social, as it reports another quarterly loss. The voucher bazaar said it would pay $260m in cash and stocks for the company, which offers a "broad range of product, local and travel offers". Groupon added that the …
Padmasree Warrior

Sync'n'sharers Box snaffle Cisco's Warrior CTO .... IPO time?

File sync'n'sharer Box has recruited a big hitter to its board: Cisco’s chief technology officer. Padmasree Warrior, the capable chief technology and strategy officer for Cisco, is becoming a director at Box, where the CEO is co-founder Aaron Levie, and the goal is, we understand, an IPO. She will be the second independent …
Chris Mellor, 21 Mar 2014
Nvidia GeForce 8700M GT

Gamers save Nvidia's bacon in storming fourth quarter

Nvidia has reported better-than-expected fourth quarter financial results, with revenues of $1.14bn over the three months ending January 26, up 9 per cent on the last quarter and 3 per cent on the year-ago period. "Quarterly revenue came in well above our outlook, driven by PC gaming, capping an outstanding year for our GPU …
Iain Thomson, 12 Feb 2014
Yahoo! CEO Marissa Mayer and CFO Ken Goldman

Massive! Yahoo! Mail! outage! going! on! FOURTH! straight! day!

Yahoo! Mail is only now recovering from a massive outage that has delayed mail delivery and locked some users out of their accounts for the past several days. "We can confirm that 97 per cent of affected users have access to their Mail accounts on web, POP and the Yahoo Mail iOS, Android and Windows 8 apps," the company wrote in …
Neil McAllister, 12 Dec 2013
management analysis3

Tech Data granted one more stay of execution by NASDAQ

The NASDAQ Panel has granted Tech Data a final extension until the end of March to get its accounts up-to-date or face an embarrassing and costly de-listing. The tanker-sized wholesaler confirmed this in a brief filing today that it had until the 27th of that month to report restated results for each quarter in fiscal '14 ending …
Paul Kunert, 09 Dec 2013

Tech Data to close lid on accounting nightmare TOMORROW

Tech Data is about to wake up from the restatement nightmare that has troubled senior execs for nearly 11 months when it reports delayed fiscal '13 numbers tomorrow. The world's second largest tech wholesaler revealed in March that it discovered errors in vendor accounting which could wipe up to $33m off its bottom line for …
Paul Kunert, 04 Feb 2014
Stock ticker board

Two new C-suite bods kiss the Scality ring as IPO rumours gather

Object storage upstart Scality has hired two C-level execs and more senior hires are on the way. Ewan Menard, who was DataDirect Networks’ chief operating officer (COO) up to July last year, becomes Scality’s COO, reporting to CEO Jérôme Lecat. Before DDN he was with HP. He is object storage-aware, DDN having its own object …
Chris Mellor, 16 Jan 2014

High-end SAN peddler Dot Hill delivers profit – market says 'meh'

Three consecutive quarters of profit and a full year profit after seven years of losses: Dot Hill is looking good and CEO Dana Kammersgard can breathe more easily. Fourth quarter 2013 revenues were $58.8m, up sequentially from the prior quarter's $52.6m and even more than the year-ago quarter's $44.1m; it's up 29 per cent, in …
Chris Mellor, 07 Mar 2014

Tech Data: We need ethics, and we've found the right man

It comes to something when a corporation is forced to appoint a chief ethics and compliance officer but that is exactly what distributor Tech Data has done, weeks after completing its costly accounting investigation. Fourteen-year company veteran Jean-Paul Durand – who most recently served as TD's vice president, assistant …
Paul Kunert, 18 Feb 2014
alibaba logo

Jack Ma and clique aim to retain control at Alibaba after IPO

Alibaba is planning to rejig its management structure to ensure that its partners get to nominate the board and keep control over the firm after it goes public, the Hong Kong Economic Times reports. The Chinese e-commerce powerhouse is expected to go public by the end of this year in an IPO that could be worth more than $15bn. …

Chromebooks, phones ... how PC maker Asus hopes to stay in the black

Trade has been brisk for Taiwanese slab-cum-notebook builder Asustek, but the shine has not yet returned to its financial figures. According to fresh paperwork filed by the company, sales for the third quarter of 2013 came in at NT$107.44bn ($3.6bn, £2.2bn), a slide of four per cent on the same period a year ago but a gain of 19 …
Paul Kunert, 14 Nov 2013

Whew! 13-year-old lawsuit finally over, but it did smack our bottom line - Micron

Micron’s business is booming with first quarter 2014 revenues surging to $4.04bn. The quarter finished in 28 November and its revenues were "42 per cent higher compared to the fourth quarter of fiscal 2013 and 120 per cent higher compared to the first quarter of fiscal 2013". Net income wasn’t anywhere near as impressive at …
Chris Mellor, 08 Jan 2014
A US Army M1A1 Abrams tank heads out on a mission from Forward Operating Base MacKenzie in Iraq on October 27, 2004

US army bites the bullet in $50m software piracy pay-out

The US army has been forced to pay out $50 million (£30.6m) for copyright infringement after admitting it installed software on thousands of devices without forking out for it. Texas-based Apptricity produces logistics software which the military uses to manage the movement of troops, transport and other supplies across the …
Phil Muncaster, 29 Nov 2013
An Amazon Coin

Amazon reports rare profit and is punished by Wall Street

E-retail bellwether Amazon badly missed Wall Street expectations on Thursday, causing its shares to fall – even though it reported a healthy profit. The e-retail giant reported earnings per share of $0.51 and net sales of $25.59bn for its fourth quarter of 2013 on Thursday, missing Wall Street estimates of $0.66 and $26.06bn by …
Jack Clark, 31 Jan 2014
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Datatec: Oh no, EPS will be 20% lower than we expected

Enterprise tech group Datatec's share price has dived after it issued a warning that profit for this fiscal may be at least some $13m lighter than forecast, blaming distie wing Westcon US for the bottom line decline. Group revenues for the year ended 28 February are expected to remain in line with projections of $5.6bn to $5.8bn …
Paul Kunert, 15 Jan 2014
Red Hat Shadowman logo

Red Hat's pockets bulging on strong Linux, JBoss sales

Enterprise Linux vendor Red Hat posted strong financial results for the third quarter of its fiscal 2014 on Thursday, with earnings that beat both analysts' estimates and the company's own earlier guidance. Revenues for the quarter ending on November 30 were $397m, up 15 per cent from the same period a year ago. In the …
Neil McAllister, 20 Dec 2013
Fusion-io ioFX cards

Whiting drags himself out of Riverbed, moves to head up global Fusion-io's sales team

Flash furtler Fusion-io has a new sales boss, Ian Whiting, who replaces the retiring company's chief sales officer, Jim Dawson. Whiting comes to Fusion-io from Riverbed, where he was the senior veep for Americas sales and, before that, Brocade, where he was SVP worldwide sales until ex-CEO Michael Klayko took over the job …
Chris Mellor, 03 Dec 2013
Steve Ballmer and Stephen Elop

European Commission gives Microsoft/Nokia merger the green light

The European Commission has approved the merger between Microsoft and Nokia, clearing the way for Redmond to take over the Finnish firm's smartphone business. The Commission published its findings in a press release on Wednesday, saying that it did not believe Microsoft's acquisition of Nokia raised any concerns under EU …
Neil McAllister, 04 Dec 2013
The Register breaking news

Dotcom plans Mega IPO as case grinds on

As a New Zealand court takes evidence so secret even Kim Dotcom's lawyers are barred from attending, the Megaupload founder has taken to Twitter to tout plans to take his latest venture public. As Bloomberg reports, the company's apparent IPO plans first emerged via a job ad for a CFO. The ad, posted at New Zealand's TradeMe and …
Yahoo! CEO Marissa Mayer and CFO Ken Goldman

Who! wants! cursed.com? Yahoo! flogs! domains! in! multimillion-dollar! sale!

Just when you thought there were no more good domains available, Yahoo! has decided to auction off a list of URLs that it says it no longer needs – and a lot of them are prime internet real estate. "This year, we found a huge list of domain names that the company has owned for quite some time," Yahoo! attorney Kevin Kramer wrote …
Neil McAllister, 13 Nov 2013
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