Articles about Debt

Customer service motivation cube

What's Niu? No longer profitable, revenues down... but we're hiring!

Once-profitable managed services business Niu Solutions is now burning cash and CEO Shaun Ledgerwood reckons the company will take three years to get back in the black. Based in Surrey, Niu Solutions flogs services to the retail and financial sectors, collecting monthly fees on contracts ranging from one to five years. …
An angry mob

It's time for a discussion about malvertising

Sysadmin Blog I don't know that I can afford to read the news anymore. As a columnist for several tech magazines I find this somewhat ironic, but my occupation makes the truth of it no less real. Technology can solve this problem for me, but politics probably won't allow it. News can be consumed in a few different ways. The first through …
Trevor Pott, 29 Jul 2016
Raspberry Pi Zero

Avnet sees Dätwyler's bid for Raspberry Pi slinger, raises to £868m

Avnet, the American technical component distributor, has come in at the 11th hour to outbid an existing offer for Premier Farnell, distributors of the Raspberry Pi. Farnell was all set to be sold to Swiss group Dätwyler Holding for £792m, including debt, but a new offer from Avnet with an enterprise value of £868m has now been …
Dell e-commerce site

Revealed: How Dell can afford $67bn for EMC – by selling $650k laptops

World exclusive Dell's ingenious strategy for financing its audacious $67bn acquisition of EMC is a secret no more. Dell is already facing a staggering debt mountain to fund the takeover. Now a crack Reg investigative team can reveal that the Round Rock computing giant has an ambitious plan in place to raise the cash necessary for the deal …
Shaun Nichols, 22 Jul 2016
The first color picture of Mars from Viking 1

40 years ago today the US govt sent a taxpayer-funded robot to invade an alien hostile world

Pics The surviving members of the Viking Mars probe team have been celebrating the 40th anniversary of the first probe to make it down onto the surface of the Red Planet, send back pictures, and perform scientific experiments. The Viking 1 lander hit dirt on Mars on July 20, 1976, 16 days late. The probe had been planned for …
Iain Thomson, 20 Jul 2016
Raised hands vote

Eat me, Michael: 98% of EMC shareholders back Dell mega-gobble

EMC shareholders have voted overwhelmingly to accept Dell's $60bn plus offer to merge the two companies into a new entity called Dell Technologies. At a special shareholder meeting at EMC's Hopkinton, Massachusetts, headquarters, 98 per cent of those present, representing 78 per cent of the shareholders, voted to approve the …
Iain Thomson, 19 Jul 2016
Pennies in a jar. Photo via Shutterstock

Three pence in a pound awaits Steljes' trade creditors

Unsecured creditors of audio visual distributor Steljes that are owed £6.72m by the fallen specialist will likely receive just three pence in the pound, according to the company’s administrator. Steljes collapsed in late May after cash flow dried up and directors were forced to call on AlixPartners, which decided the only …
Paul Kunert, 19 Jul 2016
results

What's big, blue and red all over? IBM. Profit, z Systems down, cloud up

IBM today reported its second quarter financial results and the figures don't look good, with profits falling nearly 30 per cent. The venerable computing giant did perform slightly better than analysts expected, however GAAP revenues and profits are both down year-on-year. It's the 17th straight quarter of revenue declines for …
Iain Thomson, 18 Jul 2016
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Shocker: Computer science graduate wins a top UK political job

David Davis MP today becomes the highest-achieving computer science graduate in British politics. Strictly speaking, Davis graduate with a BSc in “Molecular Science/Computer Science” in 1971 from the University of Warwick. He is now the Secretary of State for Exiting the EU (or “SSEE-U”), a freshly-minted post. Davis later …
Andrew Orlowski, 14 Jul 2016
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Reuters flogs IP for $3.55bn

Thomson Reuters is selling off the intellectual property and science arm of its business for $3.55bn in cash. The business, which provides information and related services to companies, universities and governments, has 3,200 employees and will be sold to private equity firms Onex Corporation and Baring Private Equity Asia. …
Kieren McCarthy, 12 Jul 2016
Laptop leaning against a stack of news papers in front of a world map illustration

£1m for music royalty chief

The chief of the monopoly music royalties society PRS for Music earned almost £1m last year. Company house filings show that CEO Robert Ashcroft took home a salary of £989,000, up from £765,000. The remuneration package includes a deferred bonus of £257,000, according to Companies House filings. That means the chief has almost …
Andrew Orlowski, 12 Jul 2016
Statler and Waldorf - copyright - The Walt Disney company - the muppets studio

Microsoft's cringey 'Hey bae <3' recruiter email translated by El Reg

This week, Microsoft tried to connect with college-age kids, and it did not go over particularly well. An after-party invite sent out to interns in San Francisco tried its best to be cool, like fresh straight from the fridge daddy-o cool. The end result was predictable. My roommate received this email from a Microsoft …
Shaun Nichols, 07 Jul 2016
A group of people hold out mobile phones in a circle. Photo by Shutterstock

The truth about Silent Circle's super-secure, hyper-privacy phones: No one's buying them

It seems that the Blackphone, the handset created by Silent Circle and Spanish firm Geeksphone, isn't as popular as its makers would like. Geeksphone has sued [PDF] its erstwhile partner for $5m in a New York court, claiming that disappointing hardware sales have crippled the partnership and left the Switzerland-based Silent …
Iain Thomson, 06 Jul 2016
Wall Street Charlie Sheen

Cali bloke accused of illegally trousering $68k using mom's Apple AuthenTec gobble tip-off

A California chap is accused of illegally using inside information to pocket more than $68,000 when Apple took over mobile security biz AuthenTec. Andrew Kerr, 41, of Livermore, allegedly got a tip-off from his mom about the upcoming acquisition and immediately bought a bunch of shares in AuthenTec. She learned of the deal …
Iain Thomson, 29 Jun 2016
Brexit financial crash

Post Brexit tech spending to rise like a lead balloon

Yet another analyst has delivering a damning forecast for tech spending following last week’s UK referendum decision to leave the European Union as major suppliers prepare staff for what could months of slowing sales. Channel-watcher Canalys projected local sales spending of $90bn to $100bn for the year before Brits voted to …
Paul Kunert, 28 Jun 2016
Super-villain Dr Evil puts finger to lip in scheming manner, asks for one million dollars. Pic: New Line Cinema

Tesco Mobile does what? Hahahahahahaha. Sorry customers

Tesco Mobile’s 4.5 million customers might want to get ready to panic note that call centre customer support is to be outsourced to Capita from 1 August in a five-year contract worth £140m. The grocer’s MVNO arm is to transfer around 550 permanent staffers under TUPE regs and around 240 temps will continue to work for Tesco …
Paul Kunert, 28 Jun 2016

Vendors suspend tech orders as Brexit slaps Brit pound

BREXIT If there is one thing the IT industry despises it is uncertainty and there was lashing of the stuff poured across the UK following the Brexit vote. Most major vendors already came out in favour of the Remain camp - including Microsoft, IBM, HPE, SAP, EMC, Cisco and many others - the result was so unexpected for the community …
Paul Kunert, 24 Jun 2016
Snake oil salesman

Deploying software every day is... actually... OK – what devs tell their real-life friends

“High-performing organisations” which have employed agile and devops methodologies are decisively pulling away from their fuddy-duddy peers in the number of software deployments they can manage. But while the idea of deploying software 200 times more frequently than low performing companies might fill some developers with …
Joe Fay, 23 Jun 2016
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Dell tempts hordes with MASSIVE DISCOUNTS on PCs

Dell is charming PC punters with a promo and the reaction is much the same as that of the ambassadors' guests when they were handed spherical balls of hazelnut goodness in the Ferrero Rocher ads. A Reg reader who is helping to prop up the PC industry by buying one, chanced upon the latest hot promo for an Inspiron 15 5000 …
Paul Kunert, 22 Jun 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

Cavium and QLogic sitting in a tree, S I G N I N G

Cavium's hoping to launch a big data centre push on the back of its US$1.3 billion acquisition of server and storage networking outfit QLogic. The cash-and-shares buy will give Cavium a more direct footprint in the data centre, as well as the $350 million-plus on QLogic's balance sheet. Cavium says QLogic's connectivity and …
Cortana on a Mac courtesy of Parallels 11

The Microsoft-LinkedIn hookup will be the END of DAYS, I tell you

Sysadmin blog In case you've been living under a rock, Microsoft has bought LinkedIn. Unlike many, you'll notice I'm not laughing. I am not amused. I'm am, in fact, quite afraid. In many regions – my home nation of Canada being one of them – LinkedIn absolutely dominates career discovery and acquisition. Note the term "career". Jobber …
Trevor Pott, 14 Jun 2016

Microsoft's paid $60 per LinkedIn user – and it's a bargain, because we're mugs

Analysis How can you explain the $25.4bn price tag for Microsoft's acquisition of widely-loathed social network LinkedIn? It's easy. It's all about your personal data, of course. But the price Microsoft puts on your personal data is of particular interest here. Two years ago, Facebook splurged $18.4bn for the over-the-top IM app …
Andrew Orlowski, 13 Jun 2016
Boy slurps watermelon. Credit: Shutterstock

Symantec swoops on Blue Coat in $4.65bn deal

Blue Coat has scrapped its IPO plans in favour of a $4.65bn takeover by IT security rival Symantec. Greg Clark, Blue Coat CEO, will take the helm at Symantec, so resolving the question of succession of Mike Brown, who announced his resignation as CEO in April. On a pro-forma basis, the combined company would have $4.4bn in …
Drew Cullen, 13 Jun 2016
The Twin Jet Nebula. Pic: ESA/Hubble &amp; NASA

This storage upstart knows its technical onions: Symbolic IO

Analysis Symbolic IO is a startup that claims its storage and compute technology can run database queries 60 times or more faster than other systems, and offers ”limitless enterprise storage.” It was founded in 2012 by Brian Ignomirello, a former CTO of Hewlett Packard’s Global storage unit, and secured $1.4m in debt financing in 2013 …
Chris Mellor, 01 Jun 2016
HP CEO Meg Whitman

Whitman deletes another chapter in HP history as CSC and ES borg

Hewlett Packard Enterprise CEO Meg Whitman is dismantling another legacy bequeathed to her by a predecessor as she waves goodbye to Enterprise Services. The first lady of Palo Alto has already closed the chapter opened by one-time CEO Carly Fiorina who had signed off the buy of Compaq, only for HP's PC business to be ejected …
Paul Kunert, 26 May 2016
Mark Lawrie of CSC and Meg Whitman of HPE in the video announcing the merger of their services operations

HPE spins out enterprise services business into CSC

HP Enterprise (HPE) has spun out its enterprise services business into CSC, creating an entity with US26bn of revenue. HPE has made lots of noise about turning around its services division, largely by aggressively reducing its headcount. In this move, HPE will be senior partner in the new entity by revenue and headcount but …
Simon Sharwood, 25 May 2016
Piranha fish pattern illustration

Dell seeks $20bn to buy EMC

Denali Holding Inc, the company that owns Dell, has revealed it's seeking US$20 billion with which to buy EMC. A new filing explains the company will soon issue First Lien Notes as follows: $3,750,000,000 at 3.480 per cent, due for repayment in 2019 $4,500,000,000 at 4.420 per cent, due in 2021 $3,750,000,000 at 5.450 per …
Simon Sharwood, 19 May 2016

Nuisance caller fined a quarter of a million pounds by the ICO

A claims spam company from Blackburn has been fined £250,000 by the Information Commissioner's Office (ICO) after making over 17.5 million nuisance calls. Check Point Claims had harassed people illegally with automated calls encouraging them to claim compensation for job-related hearing loss. The ICO launched its …
Northern Ireland nature scene. Photo by Shutterstock.com

Ireland handed another $100m by Silicon Valley for startups' handout

The mad money bags at Silicon Valley Bank (SVB) have announced they will be throwing an additional $100m at Ireland's Strategic Investment Fund, doubling the bank's involvement in the nation's tech sector. SVB pledged its first $100m, to be paid over a five year period, back in 2012. While not notably different from most …
HBO: Game of Thrones

The Quantum of Solace: You've still got tape. Don't forget that

Quantum’s latest results show that scale-out storage is still not growing fast enough to outweigh declining tape storage revenues – and Quantum is still a shrinking business. Let’s do the annual numbers to show the big picture first. Revenues for the full fiscal 2016 year, ended 31 March, were $475.9m, down 14 per cent year- …
Chris Mellor, 11 May 2016
Man reading newspaper with glasses on his head

Pivotal's $653m funding

Pivotal’s Series C funding round was reported to be worth $253m, but is now closer to $653m, a Form D SEC filing reveals. The extra money comes from existing investors EMC, who converted $400m in debt to equity to account for the additional money recorded in the SEC form, claims a Pivotal spokesperson who spoke to TechCrunch …
Katyanna Quach, 10 May 2016

Jobs in Ireland may be vulnerable at post merger Dell Technologies

When Dell completes its acquisition of EMC and its subsidiary VMware, the combined Dell Technologies will become one of the largest technology employers in Ireland. But with role duplication almost inevitably raising the spectre of job losses as the firms integrate, the elimination of product overlaps will also have a job …
Chris Mellor, 05 May 2016
Aligator eating a crab

FCC gives the nod to $17.7bn US cable mega-merger (no, not that one)

America's internet mall cop the FCC has approved the proposed $17.7bn merger between Altice and US cable provider Cablevision. The deal, which is now only awaiting approval by state regulators, will give the Dutch-based telecoms biz Altice the fourth largest cable network in the US. If the gobble is successful, Cablevision …
Shaun Nichols, 04 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
Man shouting the news from a rolled up newspaper

Kogan's Dick on the Web

Kogan, which acquired the online assets of the failed Dick Smith business, has wasted no time relaunching the brand. Dick Smith failed a couple of years after it was set loose by Woolworths, re-launched with more debt than cash, and tried to save itself with a failed pre-Christmas sale and fell into the hands of the receivers …
Telstra pit by https://www.flickr.com/photos/newtown_grafitti/ cc. 20 attribution generic https://creativecommons.org/licenses/by/2.0/

Government tips last dollars into NBN

Australia's National Broadband Network (NBN) won't get anywhere near completion before direct government funding for the project dries up, the 2016 Budget reveals. It's even feasible that the government could throw its hands in the air and terminate the rollout, if the cost of doing so is less than the total cost of funding …
Stock market. Pic: Alberto Carrasco Casado

Midwich IPO will value its AV and print distie biz at £165m

The sleepy East Anglian market town of Diss is perhaps best known as the possible birthplace of former poet laureate John Skelton – but, perhaps, Midwich will finally overshadow the one-time Poet Laureate. Midwich, the region’s finest tech distributor – for AV (audio-visual) and document services to be specific – is to sling …
Paul Kunert, 03 May 2016
Mobile banking, image via Shutterstock

Old, complex code could cause another UK banking TITSUP – study

Another major banking outage similar to the RBS disaster back in 2012 is likely to happen again in the UK, given the amount of legacy code in the sector, according to research. The average mission critical banking application has around 600,000 lines of code, according to a study by software firm CAST which analysed systems …
Kat Hall, 03 May 2016
Trillian chats to a depressed Marvin the Robot in the 2005 film version of Hitchhiker&#39;s Guide to Galaxy. C Walt Disney Pictures

Food for Deep Thought: 42 is IBM's answer to Life, the Universe and Everything...

Analysis Deep Thought calculated the number 42 to be the Answer to the Ultimate Question of Life, the Universe and Everything. Over at IBM it was the frequency the word "transform" was used to explain another dire quarter. The supercomputer in The Hitchhiker's Guide to the Galaxy took 7.5 million years to determine the importance of …
Paul Kunert, 29 Apr 2016
Carly Fiorina

Another failed merger, Carly? Ted Cruz to bring in ex-HP boss Fiorina as running mate

Republican presidential candidate Ted Cruz will announce his running mate at a campaign event on Wednesday afternoon – and the pick to revitalize his flagging campaign is Carly Fiorina. Fiorina ended her own bid for the presidency in February after a lackluster performance in which she proved herself to be factually challenged …
Iain Thomson, 27 Apr 2016
Pennies in a jar. Photo via Shutterstock

Cloud gear biz Outsourcery is running out of cash. Again

Misfiring AIM-listed cloud provider Outsourcery appears to be running out of runway. Sales still haven’t matched the predicted highs, cash flow is drying up again and a crash seems possible. The purveyor of infrastructure, software and unified comms clouds has pre-announced its calendar year 2015 results, with revenue up nine …
Paul Kunert, 25 Apr 2016
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BlackBerry is pivoting from phones to enterprise software

Interview BlackBerry’s purchase of rival Good has begun to convince people it can make the big shift from phones to enterprise software. The company’s global sales chief Carl Wiese shared his view of the post-Snowden, post-Schrems landscape with The Register. “On conference calls last year almost all of the questions from financial …
Andrew Orlowski, 25 Apr 2016

Romania suffers Eurovision premature ejection

Romania has been prematurely ejected from this year's Eurovision Song Contest after state broadcaster Televiziunea Română (TVR) failed to cough fees owed to the European Broadcasting Union (EBU). The shock expulsion came after the EBU gave the Romanian government - which it views as "legally obliged to underwrite TVR's debt …
Lester Haines, 22 Apr 2016
K2

Dell looking at higher debt mountain to buy EMC

Dell is facing its EMC acquisition debt mountain growing yet higher because the Wall St bond market will need higher interest payments to fund the deal. That could highlight product overlap costs to ex-money man David Goulden who will run the new Enterprise Systems Group, covering its servers, storage, networking, converged …
Chris Mellor, 22 Apr 2016
Yahoo! branded bus

What's wrong with the Daily Mail Group buying Yahoo?

Analysis Right now MailOnline parent the Daily Mail Group is worth at most £2.5bn, and the few content assets that Yahoo! is supposed to be selling, are already worth way more than that. But the issues go deeper. DMG – parent both of the Daily Mail print newspaper and the massively successful online site Mail Online – has no magic …
Faultline, 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
Shark, photo via Shutterstock

DevOps isn't just about the new: It's about cleaning up the old, too

As one of my coworkers used to say when confronted with The Latest Development Improvement Methodology: “Why don’t you come down here and chum this stuff?” – except he used the language of a sailor. In trying to implement the latest breakfast cereal agenda, DevOps, one of the primary chumming tasks is dealing with all your “ …
Michael Coté, 12 Apr 2016
Suitcase full of money

Dell infosec unit SecureWorks given $1.42bn price tag in IPO

Dell's cyber security subsidiary SecureWorks has been valued at up to $1.42bn ahead of an initial public offering. SecureWorks filed to go public in December 2015. The S-1 form placed with the United States Securities and Exchange Commission (SEC) at the time offered a $100m placeholder figure before the valuation, though this …
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Troubled Azzurri Comms offloaded to AIM-listed Maintel

AIM-listed comms and networking integrator Maintel has conditionally agreed to slurp struggling rival Azzurri Comms for £48.5m - a company that is twice its size. At the same time, the London-based Maintel confirmed it is also to place Ordinary Shares on the market at 700 pence each with the aim of generating roughly £24m to …
Paul Kunert, 08 Apr 2016