Articles about Debt

Radbot teaser image by Damon Hart-Davis

Hardware ain't hard, money is: Crowdfunding, bootstraps and startups

Radbot Our quiz on startup branding revealed that a worrying number of you are not to be trusted with a hot iron - branding, soldering, or even wool setting, it seems. I made a slight oversight in that while in banking I did not "put aside" (as a friend calls it) the megabucks to become a gentleman of leisure and science, so we need …
AMD CEO Lisa Su speaking at the firm's 2015 financial analyst day

AMD is a rounding error on Intel's spreadsheet and that sucks for us all

On Tuesday, Intel said it expects to bank in the final quarter of the year $15.7bn in sales, plus or minus $500m. That's a billion-dollar swing. Two days later, on Thursday, AMD proudly revealed that its entire revenue for the three months to September 24 was $1.3bn. Just over a billion dollars. AMD is little more than …
Chris Williams, 21 Oct 2016
Sony Morpheus prototype VR headset

Virtual reality is actually made of smartphones

The world didn’t pay much attention to the fifth anniversary of Steve Jobs’ death, back on the 5th of October. Perhaps that’s because we believe we’ve all moved on. But that’s less true than we believe, in both some very obvious and very non-obvious ways. First, the obvious: the smartphone is now undeniably the most …
Mark Pesce, 13 Oct 2016

Hewlett Packard Enterprise bigwig chuckles at talk of buyout talks

The number two at Hewlett Packard Enterprise has brushed off talk the slimmed-down organisation could be vulnerable to a takeover, as the company is again linked with “possible” buyers - this time around Huawei, Lenovo, Oracle, Cisco and, er, Dell. Antonio Neri, executive veep and general manager for the Enterprise Group, told …
Paul Kunert, 21 Sep 2016

The Rise, Fall and Return of TomTom

Interview Yesterday TomTom announced seven new consumer products (eight if you count the two SatNav units) with four fitness and three navigation products, its highest High Street profile for some years. Corinne Vigreux Corinne Vigreux Tech pundits were preparing the last rites for the SatNav pioneer a few years ago, but it has …
Andrew Orlowski, 09 Sep 2016

UK nixes Land Registry sale

The UK government has ditched plans to privatise the Land Registry, the organisation that records property ownership in England and Wales. The organisation, which has done its work since 1862, was calculated to be worth between £6.2bn and £7.2bn ($8.2bn to $9.6bn) per year thanks to its enormous and authoritative database and …
Kieren McCarthy, 09 Sep 2016

McAfee's back! Intel flogs security software biz, pockets $3.1bn

Intel is selling off a majority stake in its security software arm – formerly known as McAfee – to private equity firm TPG, which will rename itself to, er, McAfee. Chipzilla absorbed McAfee Inc in 2010 for $7.68bn, and in 2014 it phased out the McAfee brand name. According to Intel, that software division is today valued at …
Iain Thomson, 07 Sep 2016
Michael Dell, photo: Dell

What's Dell brewing the day before its EMC mega-slurp? A latte money? Oh, a flat white

Dell has reported near-flat revenues for its second quarter of the year, up just 1 per cent from its position 12 months ago. The company pulled in revenues of $13.1bn in the three months to July 29, compared to just under $13bn this time last year. This generated an operating income of $63m, up from a loss of $103m 12 months …
Iain Thomson, 06 Sep 2016
Rubber duck (classic, yellow) floats on water. Photo by shutterstock

O2: Float or flog. What's it going to be, Telefonica?

Spanish telco Telefonica has indicated it could soon hold an IPO of O2 in order to raise funds to pay off debt. Telefonica has previously made noises about exiting the UK market after the EU Competition Commission over the proposed sale of O2 to Three for £10.3bn earlier this year. It had hoped the sale would help reduce its …
Kat Hall, 05 Sep 2016
stack of newspapers

Anti-piracy site DDoSed

Swedish anti-piracy site was taken offline on Friday by a suspected DDoS attack. The debt collection company behind the site - which aims to identify Swedes engaged in illicit file sharing - suspects that it’s become the victim of a distributed denial of service attack, according to local reports (Google …
John Leyden, 02 Sep 2016

InIn now in Genesys

Customer service tech specialist Genesys has acquired rival firm Interactive Intelligence for about US$1.4bn. Interactive Intelligence pioneered software-as-a-service for the call centre and customer service capers, adding unified comms and telephony along the way. The company brings in about $400m a year. The two companies …
Simon Sharwood, 01 Sep 2016
Man shouting the news from a rolled up newspaper

Cash crunch at Tesla

Tesla is to raise cash via a debt or equity offering to fund production of the Model S Sedan and build a battery factory. The electric car maker, which has been heavily subsidised by the US government, is feeling the pinch from the $2.6bn buy of Solar City at the start of last month. The company reported operating losses for …
Paul Kunert, 01 Sep 2016
Australian $20 burning

NBN HFC scaled down to stave off financial disaster

DOCSIS 3.1 might one day give gigabit to HFC customers on the National Broadband Network, but not to as many customers as promised: nbnTM is scaling back the number of customers connecting on the former Telstra and Optus networks. With Canberra's equity contribution coming to an end this year, the company's decided the cable …

Google breaks heart, White Knight falls off horse

Analysis Google Fiber was supposed to be the White Knight of US broadband, riding to its rescue. But this horse has bolted. In the opposite direction. Rumours of the scale back had already been reported - we just didn’t know by how much. Now it emerges that Alphabet CEO Larry Page has not only slashed Google’s FTTH operation in half, …
Andrew Orlowski, 26 Aug 2016
Arduino-powered VIVA vest

Vale, LOGO creator Seymour Papert, who taught us that code can be creative play

Back when dinosaurs ruled the Earth and I was a kid, I received the gift of a "100-in-1 Electronics Kit" that taught me the basics of electrical circuit design as I strung pre-cut wires between springy posts. At the very centre of this kit - its beating heart - a single transistor could be wired to work in an amplifier, or AM …
Mark Pesce, 25 Aug 2016
Robot on road photo via Shutterstock

Ireland's govt IT: Recession and job cuts forced us to adapt

Ireland was hit hard by the global financial crunch of 2007 and 2008. It was the first of the EU member states to slip into recession immediately following the bursting of the economic bubble. As the economy contracted, banks faced default and government debt increased, with Ireland eventually taking an €67.5bn loan from the …
SA Mathieson, 23 Aug 2016

Swiss firm shrugs in defeat as Avnet preps to swallow Premier Farnell

Swiss components distributor Dätwyler will not be filing a counter-bid to acquire British distributor Premier Farnell, after its last offer was trumped by Avnet. In a conference call with investors earlier this month, Dätwyler said it was "currently considering its options" about how it would respond to being out-bid for …

DVLA misses out on £400m in tax after scrapping paper discs

The UK's Driver and Vehicle Licensing Agency (DVLA) collected £400m less in tax during the first 12 months of moving paper tax discs online, according to a Freedom of Information response. From October 2014 to September 2015, the DVLA collected £5.71bn in vehicle excise duty, £412m lower than in the previous 12 months - …
Kat Hall, 19 Aug 2016
NBN CEO Bill Morrow

NBN delivers boring, solid result for 2015/2016

nbnTM, the entity building and operating Australia's National Broadband Network, has delivered a pretty dull set of annual results. The headline numbers are straightforward: there are now 1.1 million active customers (compared to 486,000 last year), and ready-for-service premises hit 2.9 million. Revenue is up to AU$421 …

Christians Against Poverty pleads for forgiveness over data breach

UK debt relief charity Christians Against Poverty has begun writing to supporters following a data breach that exposed personal details – including phone and bank account numbers, and banking sort codes. Unidentified hackers broke into the charity’s systems in late July. The intrusion was only detected a week later, as an …
John Leyden, 15 Aug 2016

Ingram Micro $6bn sale to Chinese logistics biz delayed

Ingram Micro has pushed out the completion date of its $6bn sale to Chinese logistics provider Tianjin Tianhai to let the Committee on Foreign Investment in the US (CIFUS) review national security implications. The world’s largest tech distributor said last night the “end date” to conclude the deal had been “extended” to 13 …
Paul Kunert, 12 Aug 2016
Still from Stand By Me movie. Pie eating contest

Swiss firm still wants to eat up Pi flogger Premier Farnell

Swiss components distributor Dätwyler is still interesting in acquiring mega electronics distie Premier Farnell, despite their last offer being trumped by a later (and larger) one from Avnet. In its bolshy take on the first half of this year's finances, Datwyler boasted that its net revenue was increasing - though only when …

Genesys stalks Avaya: report

Genesys Labs is poised to write a US$3 billion cheque for Avaya's call centre and customer service business, reports Reuters. Genesys is a call centre specialist that, like everyone else in the field, is trying to take transplant its customer service expertise into “omnichannel” service spanning voice calls and any imaginable …
Team Register, 08 Aug 2016
British sterling in flames

Outsourcery burned through more than £20 MEEEELLION in cash before it crashed

Defunct cloud infrastructure and apps provider Outsourcery Plc attracted interest from 12 bidders before it was offloaded to GCI Telecom for £4m, in a pre-pack administration handled by EY. The Statement of Affairs filed at Companies House revealed the final weeks of the failed Manchester-based, AIM-listed corporation that …
Paul Kunert, 02 Aug 2016
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

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

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

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

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

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