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Articles about Deloitte

Broke - empty pockets

Some first-wave big data projects 'written down' says Deloitte

Consultancy outfit Deloitte reckons early big data projects have had to be written down because they failed, thanks in part to a “buy it and the benefits will come” mentality. The source of failure was sometimes difficulty making open source software work and/or integrate with other systems, Deloitte Australia's technology …
Simon Sharwood, 19 Feb 2014
secondary age school kids outside NBN truck

Deloitte research says NBN a winner for households

As Australia races towards a federal election likely to kill off the country's current model for a national broadband network, the (probably) outgoing government has released a report saying the annual value of the network to households will be in the order of $AU3,800. The study, by Deloitte Access Economics, suggests that most …
The Register breaking news

Wireless performance will collapse, prices rise: Deloitte

Deloitte is predicting a looming spectrum crunch that will result in higher prices and poor performance, even on LTE networks. In its annual 2013 Technology, Media and Telecommunications predictions, the company says carriers worldwide can’t keep pace with device adoption – especially because “the average smartphone drives 35 …

Deloitte in the saddle at Comet, seeking stability - and a buyer

Deloitte said its first task as Comet's administrative receiver is to steady the ship and then seek anyone interested buying an ailing veteran retailer, hamstrung by huge overheads and facing fierce competition from leaner online rivals. Good luck with that. After days of industry chatter, Comet finally called in the receivers …
Paul Kunert, 05 Nov 2012
axe_channel_teaser

Comet administrator Deloitte triggers ejector seats under 330 staff

Comet administrator Deloitte has swung the axe for the first time since it was brought in to take control of operations with 330 support staff getting the chop. Biz advisory outfit Deloitte confirmed 99 staff at the Rickmansworth HQ, 53 from the operation in Hull and 42 in the call centre in Clevedon were told of their fate on …
Paul Kunert, 12 Nov 2012
The Register breaking news

Kiwi software developer makes Deloitte fast 500

New Zealand tablet software developer Diligent Board Member Services has earned a ranking on Deloitte's Technology Fast 500 list of US technology businesses. Headquartered in New York but founded and listed on the New Zealand stock exchange, the software developer provides enterprise services for executive boards to manage …
Video

Hot, young under-25s: Lonely slab strokers who shun TV

The next generation of millennial kids are a lonely group of slab-fondlers who would rather watch films and movies alone in their bedrooms, it has been claimed. According to a survey from Deloitte, teens and people in their twenties have ditched the telly and now spend more time watching stuff on their smartphones, computers or …
Jasper Hamill, 28 Mar 2014
Terror at 20,000 feet

'Everywhere I look ... it's bad': HP claims email shows Autonomy CFO panic, pre-buyout

In the latest court filing in HP's rancorous legal squabble with former Autonomy execs, the tech giant has revealed what it describes as a damning email from ex-Autonomy CFO Sushovan Hussain, prompting a spokesperson for the latter to again accuse HP of "smear tactics." HP is seeking to settle a lawsuit brought by its own …
Neil McAllister, 06 Sep 2014
Google Glass

The iPad age is over: The time of the iPad Mini and phablet is upon us

The age of the iPad is over, as tablets like the iPad Mini that sport screens of eight-and-a-half or fewer inches will out-sell their larger brethren and come to represent the largest population of in-use fondleslabs around the world. So says global consultancy Deloitte in its annual Technology, Media and Telecommunications …
Simon Sharwood, 30 Jan 2014
Santa Claus on his laptop

Brits to do £5bn worth of their Christmas shopping online

Online sales in Blighty are forecast to reach £5bn this Christmas, making up just under one-eighth of the total £40.3bn in festive shopping this season. Beancounters at Deloitte said that Brit shoppers would push online retail up 19 per cent year-on-year, driven by the general rise in popularity of internet shopping and the …
HP

Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu

HP's plan to defend its directors in the Autonomy scandal – and present a united front against the Brit business's former execs and their auditors – has been thrown into doubt by a US judge. Last month HP announced a settlement with lawyers representing its own shareholders, who had brought legal action against HP: the …
Iain Thomson, 25 Aug 2014

Survey: Yoof too COOL for Ferraris, want state-sponsored hybrids

Modern yoof would love to be driving around in tech-loaded green hipster vehicles - they just can't really afford it, according to a new study. A Deloitte survey of over 23,000 folks worldwide between the ages of 19 to 36 found that although a lot of them weren't as bothered about car ownership as previous generations had been, …
Team Register, 20 Jan 2014

HP 'KNEW' about Autonomy's hardware sales BEFORE the whistle blew: report

HP knew about Autonomy's hardware and reseller sales long before a whistleblower pointed them out and the company wrote down its acquisition by $8.8bn, the Financial Times has claimed (paywall), citing emails and Deloitte audit reports. HP has accused Autonomy of "accounting improprieties, misrepresentations and disclosure …
management project5

Your CIO is now a venture capitalist and you work at their startup

Chief Information Officers are about to start behaving like venture capitalists, complete with an “I don't care if nine things I try fail so long as one goes really well” mentality. And what's more, their bosses will love it when they do so. That's one of the findings from consultancy Deloitte's 2014 Tech Trends report, released …
Simon Sharwood, 27 Feb 2014
Square Group new premises

Comet brand yanked from its grave: Tycoon vows to open EIGHTY new stores

Electronics retail entrepreneur Clive Coombes is trying to revive the Comet brand name by launching 80 stores over the next two years - and is looking for foolhardy brave investors to support him. In his blog, written in the third person, Coombes, who tried but failed to buy Comet from administrator Deloitte, revealed he has …
Paul Kunert, 19 Aug 2013
Gun and dollars

Ex-Autonomy execs: HP's latest wad blows apart fraud allegations

Another week, another round in the ongoing bunfight between HP and the former management team of Autonomy. This time, the ex-Autonomy bods have claimed that new court documents filed by HP prove the latter has misrepresented the reasons why it had to write down $8.8bn in its botched acquisition of Autonomy in 2011. In a lengthy …
Neil McAllister, 12 Sep 2014
axe_channel_teaser

Cash-strapped Comet sheds ANOTHER 735 staff

Penniless Comet handed P45s to 735 workers in a second round of cuts across the business today, administrator Deloitte has confirmed. The list of casualties includes 603 employees in the home delivery network, which operates 12 UK hubs and will continue with a skeletal staff, and 132 head office and support roles. The cull, the …
Paul Kunert, 19 Nov 2012

Local gov broadband provider in talks with 'interested' bidders

Execs and private equity backers at broadband network service provider Updata Infrastructure UK are "actively" talking to a number of third parties who they say have expressed an interest in the business. San Francisco-based LMS Capital splashed £6.2m for a 53.3 per cent stake in Updata during the summer of 2009, in support of a …
Paul Kunert, 15 Nov 2013
The Register breaking news

Deloitte flags risks of UK child database

A security review by Deloitte of one of the UK government's child databases - ContactPoint, which will contain an entry for every English child under 18 - has found it is generally secure. With some provisos. Deloitte makes a timely reminder to a government convinced that securing databases is simply a technical problem: "Risk …
John Oates, 22 Feb 2008
closed_sign shut down under collapsed liquidation

Company which built O2's London 4G in administration

Cellular Systems, the company which built O2's 4G network in London and which was apparently a cornerstone of Cornerstone - the Vodafone/O2 shared-infrastructure project - has gone into administration. Cellular Systems built the 4G trial network 18 months ago, so that O2 could test LTE transmissions at 2.6GHz before the spectrum …
Bill Ray, 01 Jul 2013
The Register breaking news

Deloitte loses hundreds of thousands of pension details

Deloitte has admitted losing a laptop containing thousands of people's pension details, but said the data was encrypted and the machine password-protected, and it had no evidence the data had been misused. The laptop contained 150,000 railway workers' details as well as details on all UK Vodafone staff with pensions and other …
John Oates, 13 Oct 2008
Epson Moverio

Epson takes on Google Glass with wired 'augmented reality' glasses

Think Epson and you've probably got printers on your mind, but the firm also makes wearable computing devices, and has released its latest effort in the area for less than half the current price of Google's forthcoming Glass headware. The Epson Moverio BT-200 is a pair of high-tech specs that uses twin microprojectors to display …
Iain Thomson, 06 May 2014

Bolton biz kingpin tables '7 figure' offer for Comet website

The future of Comet's stores hangs in the balance: but the business brain behind Appliances Online has tabled a million pound plus bid for the website part of the drain-circling retailer. As previously revealed, Dixons and Maplins are understood to have expressed interest in only a handful of Comet stores as administrator …
Paul Kunert, 23 Nov 2012

Did HP just tip its hand on Autonomy? Spoiler: It was a busted flush

Autonomy has come under fire for a software deal between itself, reseller MicroTechnologies, and the Vatican – but all is not as it seems. A report published by Reuters on Friday attempted to shed light on HP-owned Autonomy's strange deal to sell technology worth $11.55m to MicroTechnologies, which was bidding on a contract to …
Jack Clark, 18 Jul 2014
closed_sign shut down under collapsed liquidation

Cashless Comet to close 41 stores, axe 500 jobs

Collapsed electricals retailer Comet is to shutter 41 stores over the next fortnight, administrator Deloitte has confirmed. So far Dixons Retail and Maplin are among the rivals circling the fallen retailer, although it appears the two are interested in just a handful of stores. As a result the closing down process began at 27 …
Paul Kunert, 19 Nov 2012
Euro notes

Termination charges drop smacks Vodafone and EE in the WALLET

The reduction in how much mobile networks receive for handling incoming calls has hit both Vodafone and EE so hard that they have both separated out the charges in interim financial reports. Brit multinational Vodafone announced a global drop in its revenue of 4.2 per cent for the quarter while UK mobile firm EE's financials saw …
Simon Rockman, 25 Jul 2014
Bloody Serial Killer Shower Curtain

Microsoft may slash price of Windows 8.1 on cheap 'slabs

Microsoft has reportedly slashed the price of Windows 8.1 for anyone willing to install the operating on a device that sells for fewer than $US250. Bloomberg cites “people familiar with the matter” as saying Microsoft usually sells Windows for $50 a pop, but is floating the idea of a $15 price tag for OEMs working on low-priced …
Simon Sharwood, 24 Feb 2014
Comet_EV_01

Comet train set for SMASH, staff can only hope to be in right carriage

Penniless Comet's network of UK stores is on the brink of break up as staff enter a "collective consultation" over potential redundancies. In a letter to the electrical chain's workers, administrator Deloitte warned that if it is unable to sell the business as a going concern, it will be forced to flog bits and pieces to …
Paul Kunert, 15 Nov 2012
Administration

Cawing retail vultures circle dying Comet, might rip some chunks off

Both bricks-and-mortar and web-based traders are looking to pick through the bones of sickened retail outfit Comet. The receivers Deloitte landed at Comet's doorstep on 2 November to take over operations and have set about cutting costs and finding buyers for the business, which is likely to be broken up. According to sources …
Paul Kunert, 14 Nov 2012
closed_sign shut down under collapsed liquidation

Taxpayers to cough for Comet staff redundo

The last stores of the once mighty High Street giant Comet are to close by tomorrow but the saga looks set to continue, with taxpayers potentially having to step in to cover redundancy costs. Administrative receiver Deloitte, called in by the ailing retailer's parent Hailey Acquisitions Ltd on 2 November, had been holding talks …
Paul Kunert, 17 Dec 2012
closed_sign shut down under collapsed liquidation

Comet crashes to Earth: 125 stores wiped out

Comet administrator Deloitte will shut 125 of the retail chain's stores, putting thousands of people out of work just before Christmas. The receiver, appointed at the start of this month, is unable to find a buyer for the business as a going concern. The closures will take place over the next fortnight, leaving about 70 outlets …
Paul Kunert, 28 Nov 2012
Wireless_Christmas_Tree

Comet staff should be for life, not just for Christmas

Dixons Retail is throwing a lifeline to beleaguered Comet staff awaiting the arrival of their P45s by offering some of them seasonal work in its PC World and Currys stores over the peak Christmas season. Administrator Deloitte took control of Comet late on Friday after the ailing retailer ran into insurmountable liquidity woes. …
Paul Kunert, 07 Nov 2012
© Copyright Anthony O'Neil and licensed for reuse under this Creative Commons Licence

UK gov probes Comet crash: Public, private sectors LOST £257m

The Department for Business, Innovation and Skills plans to probe the administration of Comet, whose collapse has left the private and public sector out of pocket to the tune of £257m. The Insolvency Service is to launch the investigation after receiving numerous complaints from MPs just as the doors close on Comet's last 49 …
Paul Kunert, 18 Dec 2012

Bargain! Desperate Comet SLASHES price of £4,400 iPod Nano

Comet has generously slashed 97 per cent off the price of an Apple iPod Nano, touting the pocket-stroker at £129 rather than an eye-watering, er, £4,444. Until now the chain's clearance sale may not have impressed deal-hungry shoppers, but this saving was sadly too good to be true. The photo below shows a standard Nano model on …
Paul Kunert, 09 Nov 2012
Comet_EV_01

Comet confesses: The receivers are among us even now

Comet has finally confirmed that administrative receivers will be landing on its door step early next week. It is understood that Deloitte will review the options for the ailing retailer which include selling it as a going concern, scaling it back or liquidating it. A spinner at the chain told The Channel: "Comet Group Limited …
Paul Kunert, 01 Nov 2012
The Register breaking news

'End of passwords' predictions are premature - Cambridge boffin

Advances in the power of computers won't automatically make passwords obsolete, according to a top computer science researcher. Joseph Bonneau, a postgrad researcher at Cambridge University, looked into the perceived wisdom that runs along these lines: "Since computers are getting exponentially faster, yet the human brain is …
John Leyden, 21 Jan 2013
Mike Lynch

'Brit Bill Gates' Lynch: Only Mad Leo Apotheker understood Autonomy

The origins of Autonomy's declining fortunes can be traced back to the moment HP axed its former hapless CEO Leo Apotheker, claims Mike Lynch, the founder of the Brit software firm. This comes as Autonomy is accused of "accounting improprieties and misrepresentations ... prior to 2011 acquisition by HP" by the Palo Alto tech …
Paul Kunert, 22 Nov 2012
gavel_judgment_channel

HP knew Autonomy was a duff buy, claim HP shareholders in $1bn suit

HP ignored numerous warning signs about the state of Autonomy's finances and accounting irregularities at the firm before acquiring it for $11bn, shareholders have alleged in a $1bn lawsuit. The investors are suing HP's current CEO Meg Whitman, her predecessor Leo Apotheker, former HP chairman Ray Lane and Autonomy founder Mike …
The Register breaking news

Oz domain regs running at 60k per month

Deloitte Access Economics has announced an ‘explosion’ in Australian domain registrations compared to ten years ago, in a report released today. The company says its research finds that more than 85 percent of the registrations in the .au domain are in the 2.18-million-strong .com.au space. New .com.au registrations are running …
The Register breaking news

NSW government accused of dodgy software cover-up

The buggy FirstNet emergency department software has become the subject of a political argument in NSW. In one of those paradoxes of democracy, an opposition which, in government, was responsible for a now-despised implementation is now using the IT project as a stick to beat a government which was in opposition when the system …
The Register breaking news

MI5 spymasters axe intel database upgrade, pour '£90m' down drain

MI5 has reportedly abandoned a planned £90m upgrade to an intelligence database after the delayed IT project failed to meet its requirements. The record management system was supposed to be up to speed in time last year to tackle the threat of a terrorist attack on the London Olympics. Designed to collect intelligence data and …
John Leyden, 13 May 2013
The Register breaking news

Salesforce cuts app development steps

When you're a company that produces the tech that salespeople, customer relationship managers, and general biz-types use, it'd be astonishing if you did not have a mobile device strategy. Therefore, Salesforce's announcement on Tuesday that it has a great big mobile toolkit did not surprise us. The "Salesforce Platform Mobile …
Jack Clark, 09 Apr 2013
Mike Lynch

UK financial watchdog bends Autonomy over for fresh probe

HP-owned software house Autonomy faces more probing, this time by the Financial Reporting Council (FRC). The British corporate governance watchdog announced today it will investigate allegations that the Brit biz overinflated its value by $5bn just before Hewlett-Packard bought it in 2011. HP's buy-up of Autonomy for $10.7bn is …
Anna Leach, 11 Feb 2013
The Register breaking news

Rebranding kiss of death strikes Deloitte Consulting

The rebranding kiss of death has struck again, with the latest victim to succumb to SARS (Severe Acute Rebranding Syndrome) being none other than Deloitte Consulting - the company almost formerly known as Braxton. Deloitte Consulting had been due to split from Deloitte Touche Tohmatsu, but now the amicable divorce is off. The …
Lester Haines, 07 Apr 2003
The Register breaking news

Facebook 'contributes' €15.3bn to EU economy... bitch

The UK economy might be down in the dumps, but there is a ray of sunshine from an unlikely source: Mark Zuckerberg's Facebook has supposedly helped to contribute £2.2bn to the country's GDP in 2011. Facebook added that – with a lot of help from the rise of mobile applications – it has "supported" 232,000 jobs in recent years …
Kelly Fiveash, 25 Jan 2012
The Register breaking news

Axed staffers hijack HMV Twitter account: 'We're tweeting LIVE from HR'

A hijacker claiming to be an axed HMV worker took over the music retailer's official Twitter stream yesterday to tell the world of a "mass execution" taking place at HQ. A fortnight ago HMV (His Master's Voice) called in the administrators when bosses realised they were likely to miss banking covenants at the end of January. …
Paul Kunert, 01 Feb 2013
The Register breaking news

Oracle partners with NetSuite for people management

Oracle and NetSuite have forged a strategic alliance that will see the companies ensure data portability between their various "human capital management" systems. The partnership was first hinted at by Oracle chief Larry Ellison on a conference call last week, and the announcement follows on from significant partnerships with …
Jack Clark, 26 Jun 2013

UK.gov provider frees Microsoft partner TES from administration

Business process outsourcing firm Liberata IT Solutions, which is responsible for several large government contracts, has devoured Microsoft Gold partner Trinity Expert Systems (TES) in a pre-pack administration. This came after TES succumbed to pressing cash-flow issues. Coventry-based TES called in the receivers Deloitte …
Paul Kunert, 11 Oct 2013
The Register breaking news

Big biz, expensive beancounters write UK tax law, says senior MP

Corporate giants and accountancy firms hold too much sway over UK's tax law, according to the chairwoman of an influential parliamentary panel. Labour MP Margaret Hodge, who heads up the Public Accounts Select Committee, said the Tory-led coalition government "only talks to those who have a self interest in reducing their tax …
homeless man with sign

K3 chatted up as admirers open their wallets

Mid-market ERP specialist K3 Business Technology Group is talking to a number of suitors interested in buying the business, it revealed in a London Stock Exchange filing this morning. The board kickstarted a strategic review of the biz at the start of December after PJ Claesson, the firm's largest shareholder (19.5 per cent), …
Paul Kunert, 01 Mar 2012