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Articles about Fortunes

Great Wall of China

China tosses New York Times into shredder in family fortunes row

China’s censors have blocked the New York Times website after the paper ran a story alleging relatives of outgoing prime minister Wen Jiabao amassed a $2.7bn fortune. The article, which became unavailable in the country just hours after publication, claimed members of Wen's family benefited from regulatory and government …
Phil Muncaster, 29 Oct 2012
USA, Canada - which one is which?

Vulturization: 'Privacy' is fightin' words to cloud touters – they get angry

The Register today starts a new podcast series Vulturization, hosted by yours truly. We're honoured to have as our first guests on the show Cloud A, a Canadian OpenStack cloud provider. We explore what it's like to be a cloud provider in Canada, whether the NSA's rather liberal attitude to individual privacy has been a boost to …
Trevor Pott, 23 Jun 2014
Pikmin 3

Pikmin to the rescue: Can Nintendo revamp revive Wii U fortunes?

With the heatwave apparently set to give way to stormy weather, it might be about time to batten down the hatches and get comfy with a new game. This week we’re off for a walk in the forest with Pikmin 3, tracking down a master thief in The Raven and getting overwhelmed by choice in Valve’s Dota 2. Pikmin 3 The Wii U’s version …
Mike Plant, 24 Jul 2013

Azzurri exec set have a brand new CEO: Former BT bigster Chris Jagusz

Ailing integrator Azzurri Communications has charged former SSE Telecoms boss Chris Jagusz with revving up the stalling motor when he returns well oiled from a, er, "summer break". The start date for Jagusz was not specified by his new employer but he will take over from chairman Steve Andrews who is to become interim CEO from 8 …
Paul Kunert, 29 May 2014
Escalator Stairs

Acer founder Shih to step down for second time next month

Stan Shih, chairman and founder of ailing PC maker Acer, is set to retire next month as the company continues to try and claw back market share and force its way into the global top three. Shih, 69, will leave the company on June 18, the same day shareholders meet to elect a successor, according to Reuters. He is apparently …
Phil Muncaster, 05 May 2014
Samsung UE8500 78-inch curved TV

Samsung Electronics chair Lee Kun-hee hospitalised

Lee Kun-hee, the chair of Samsung Electronics, has reportedly been hospitalised and is receiving “emergency treatment” for a heart ailment. South Korean news service Yonhap has published rolling reports suggesting Lee, 72, experienced shortness of breath on Saturday evening, was subsequently hospitalised and required …
Simon Sharwood, 11 May 2014
Handshake

Fujitsu and Panasonic about to walk down LSI aisle

Fujitsu Semiconductor and Panasonic are ready to jointly launch a new chip company this autumn as part of the duo’s plans to merge their LSI businesses, according to reports. The new venture will have ¥50 billion (£294m) in funding, with Fujitsu chipping in ¥20bn, Panasonic ¥10bn and the Development Bank of Japan stumping up the …
Phil Muncaster, 15 Apr 2014

Sony scoffs at the Microsoft EX-BOX: A MILLION PS4s sell in ONE day

Sony shifted one million Playstation 4s in the first day they went on sale in North America. Although some users reported hardware issues, Sony's spring off the blocks bodes well for the release of their latest console in Europe and Latin America, which will take place on November 29. The Japanese firm is hoping the Playstation …
Jasper Hamill, 18 Nov 2013
Groupon office screen

Groupon plans MORE losses next quarter: Will lob wads of cash down marketing's maw

That brief period where it looked like voucher bazaar Groupon might actually make some money could be over already. The site has forecast a quarterly loss for its next financial results as it turns to advertising to try to keep its fortunes on track. Groupon said it was going to use a swathe of its money on advertising its …
Cygnus constellation position

Permabit: Our flashy dedupe is everywhere, heh heh. Thanks Pure!

It's been a long haul but Permabit, which licenses its Albireo deduplication technology to storage-related suppliers, is finally seeing its fortunes rise. Wayne Salpietro, Permabit's marketing director, said: "We are seeing significant upswing in our activities, particularly with Tier 1 customers and prospects. We believe this …
Chris Mellor, 22 May 2014

Yahoo! chief operating officer de Castro exits web biz after just one year

Yahoo!'s chief operating officer Henrique de Castro will leave the web biz today – having only arrived from Google about a year ago. The company gave no reason for the move when it revealed, in paperwork submitted yesterday to US financial watchdog the Securities and Exchange Commission, that de Castro will depart before the …
Shaun Nichols, 16 Jan 2014
Tesla Model S

FTC: State laws blocking Tesla's direct sales are 'protectionist'

Tesla Motors has gained an influential ally in its battle to sell its electric cars direct to consumers: the US Federal Trade Commission. Tesla's business model of selling its cars via its website and company-owned showrooms has come under fire in multiple US states – including Arizona, Texas, and New Jersey – where current laws …
Neil McAllister, 25 Apr 2014
Measuring up Apple

Note-jotting and mapapp firms VANISH into Apple's MAW

Apple has slurped two companies in a bid to boost the fortunes of its maps app and note-taking services. According to the evergreen rumours site 9to5Mac, the fruity firm wolfed down mapping firm Broadmap and Evernote competitor Catch, which specialises in natty note scribbling. In the last quarterly earnings announcement, Tim …
Jasper Hamill, 24 Dec 2013
Bitcoin system would kill mammoth mining pools

PoW! Academics KO Bitcoin mining mammoths

Researchers have scuttled Bitcoin mining mammoths such as GHash with a proposed system alteration that would end the money-making collectives and return fairness and stability to the crypto currency. Cornell University academics (@IttalyEyal) Ittay Eyal and Emin Gün Sirer (@el33th4xor) say their "Two Phase Proof of Work (2P-PoW …
Darren Pauli, 19 Jun 2014
channel_partners_deal_handshake

Lenovo banks on $1 BEELLION Moto turnaround in SIX quarters

Lenovo boss Yang Yuanqing has boasted that he can wipe Motorola Mobility’s $1bn-a-year (£600m) losses in just six quarters once his firm takes the helm at the handset maker. Yang told Bloomberg on the sidelines of Mobile World Congress this week that he could make the turnaround without the need to cut any jobs. “Don’t be …
Phil Muncaster, 27 Feb 2014
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 …

Netflix original TV shows gamble pays off... to the tune of 10m new viewers

Netflix's foray into original programming has paid off, with global subscriber numbers jumping past 40 million and profits quadrupling from the same period last year. Kate Mulgrew in Orange is the New Black Kate Mulgrew in Orange is the New Black. Credit: Netflix The online video streaming firm said its net profit was $32m in …
John Chambers at the World Economic Forum 2010

Profit healthy, sales up, 4,000 staff face axe. Cisco CEO, here's your pay doubled to $21m

Cisco chief exec John Chambers has received a whopping pat on the back from the networking giant with a pay rise of nearly 100 per cent. According to a regulatory filing, the biz supremo saw his total annual compensation almost double to a massive $21.05m (£12.9m) in the financial year that ended on July 27, up from a measly $11 …
Steve Jobs in a grade-school classroom

See me after class: Apple scores AAA rating from brand-botherer

Apple has been named the world's most valuable brand for the third time in a row, with No 2 Samsung narrowing the gap slightly but still trailing behind. According to Brand Finance's Global 500 list, Apple's brand value in 2014 is $104bn, up 20 per cent from $87bn in 2013. Samsung, meanwhile, was judged to be worth $79bn, up …
Jasper Hamill, 19 Feb 2014

Rumblings: Amazon to chum up with HTC, smartphones in mind

HTC is having another tilt at hanging its fortunes on a big American brand, this time with Amazon. The mobe-maker's chief of marketing told the Financial Times “We have been very focused on building our own brand, but we have also been very open to co-branding and collaborating with carriers and other technology brands.” The …

AMD teases workstation pros with 16GB FirePro W9100 graphics card

AMD has been showing off a new monster graphics card that it hopes will be one in the eye for Nvidia – and secure its fortunes in the face of a dwindling PC market. AMD W9100 AMD's new power card for the 4K set (click to enlarge) The new W9100 carries whopping 16GB of DDR5 memory with a bandwidth of about 320GB/s, and can …
Iain Thomson, 26 Mar 2014

London calling: Date set for launch of capital's very own domain name

You'll never Adam and Eve how many people are apparently set to buy a new .london domain name. According to a YouGov survey, more than 200,000 small businesses are preparing to pin their web address to the capital when the new domain launches on 29 April. The date of the launch was finalised today, prompting a flurry of quotes …
Jasper Hamill, 17 Feb 2014

Android holds steady as iOS and Windows Phone slip in Kantar reports

The closing months of 2013 saw Android gain ground on rivals in much of Europe and the US, as iOS and Windows Phone saw mixed results in the global market. Research firm Kantar Worldpanel reported that Android grew its market share in key countries in Europe, as well as the US and China, in 2012. Amongst the 'EU5' group of Great …
Shaun Nichols, 28 Jan 2014
UK PC repair shop

Blighty's tech sector hasn't had it so good for TEN YEARS - report

The British tech sector is booming as growth soars to levels not seen since the glory days of 2004. That's the key finding in KPMG and Markit's latest Tech Monitor UK report, which charts the fortunes of Blighty's technology industry. Analysts found that business activity posted above a crucial no-change threshold for the …
Jasper Hamill, 29 Jan 2014
Microsoft Surface bomb

Hello! Still here! Surface 2! Way better than iPad! says slightly desperate Microsoft

Microsoft has attempted to revive the fortunes of its ailing fondleslab Surface 2 with a comparative ad campaign that pits the blue tablet against the latest iPad. In a pair of YouTube polemics, Redmond tells the world exactly what the iPad doesn't have: a kickstand, hands-free gestures and a way of monitoring your kids' online …
Jasper Hamill, 27 Nov 2013
BlackBerry logo

Ding-dong! Who's at the door now with a big wad of cash, BlackBerry?

Mobile-chip specialist Qualcomm has been named as part of a group looking to make a bid for BlackBerry. The Wall Street Journal cited "people familiar with the matter" when reporting that Qualcomm could join forces with private equity firm Cerberus Capital and the pairing of cofounders Mike Lazaridis and Doug Fregin. The report …
Shaun Nichols, 02 Nov 2013

Top execs off as Zynga's new CEO shaves 'layer' off senior ranks

Zynga's new chief exec Don Mattrick is shaking things up in management at the social gaming firm, which apparently includes getting rid of a number of top senior execs. Chief technology officer Cadir Lee, chief operating officer David Ko and chief people officer Colleen McCreary are all leaving the firm that makes Farmville, …
Dropbox IOS

VCs drop cash on DropBox, bestow $10 BEELLLION valuation

Ten billion greenbacks. That’s what venture capital firms (and Dropbox’s board and execs) think the file sync'n'share pioneer is worth. Dropbox started offering its sync'n'share services to consumers using a freemium business model, and has latterly moved into offering business syncing and sharing services. It’s competing with …
Chris Mellor, 20 Jan 2014
Motorola Moto X launch invite

Moto X specs leaked ahead of expected August 1 launch

A set of leaked specifications for Motorola's Moto X handset show the smartphone will be running a new build of Android at its expected launch on August 1 at an event in New York. According to a spec sheet obtained by Android Police the new handset will have a relatively modest 4.7-inch display running in a distinctly unretinal …
Iain Thomson, 23 Jul 2013

Samsung leaps out of volume PC game as UK market crashes

Samsung withdrew from the fight at the sharp end of Blighty's PC market last quarter, figures from Gartner indicate. The Korean firm saw shipments plummet 85 per cent to 30,000 retail boxes, down from 215,000 in Q4 a year earlier. No business systems sales were reported, the analyst said. The net impact is that Sammy's market …
Paul Kunert, 07 Feb 2014
Barack Obama in the Oval Office

NSA sez NO to prez: Spooks ban Obama from using iPhones

US President Barack Obama, a well-known BlackBerry fan, has said that he’s not allowed to have an iPhone for “security reasons”. In a speech at the White House promoting his healthcare changes to a youth audience, Obama said that he couldn’t use an iPhone, though he joked that his daughters seemed to spend a lot of time on …
Netflix streaming service screenshot on Samsung

Icahn trousered $700m from Netflix stock sale?! Er, it would appear so

Billionaire investor Carl Icahn has cashed in on Netflix's good fortunes, bagging profits of between $700m and $800m by selling three million shares earlier this month. Icahn bought shares in the video streaming site just over a year ago for around $58 each and sold some of them yesterday for $341.44 per share, a 457 per cent …
The Register breaking news

PEAK SAMSUNG? Shares slide ahead of BEELLLIONS in profit

Shares in Samsung Electronics continued to slide today after the chaebol's latest estimated earnings failed to impress investors on Friday. Although Sammy's flagship subsidiary - which makes tellies, chips, phones and more - is once again expecting record-breaking quarterly results, its projected £5.4bn ($8bn) operating profit …
HP Envy x2 Windows 8 convertible

APAC PC shipments plunge 12 PER CENT since 2012

APAC’s PC market showed some brief signs of recovery in Q3 but currency fluctuations and fuel price rises contributed to a disappointing 12 per cent year-on-year decline in shipments, according to IDC. The market watcher recorded a small increase in shipments of two per cent from the previous quarter to reach 27.8 million units …
Phil Muncaster, 22 Oct 2013

Arrow: global macro still 'unsettled" as profits dip

Just when you thought it was safe to mouth the words distributor and expanding profits in the same breath, Arrow Electronics has rolled out financials for calendar Q3 that show some bottom line slippage. The numbers for the three months ended September weren't bad per se, but after CEO Michael Long said last quarter that "large …
Paul Kunert, 30 Oct 2013

MPAA, RIAA: Kids need to learn 3 Rs – reading, writing and NO RIPPING

A collection of copyright enforcement groups including the Motion Picture Ass. of America and the music label body RIAA want to use school time to teach youngsters about the perils of internet piracy. First unveiled in September, the plan calls for elementary schoolchildren (up to grade 6, or 12 years old) to be given lessons on …
Shaun Nichols, 12 Nov 2013

Whaddaya mean, NO REFUND? But I paid in Bitcoins! Oh I see...

Don’t tell anyone but I think I might have made an arse of myself again. It’s one thing to show oneself up among one’s peers but another to demonstrate publicly how thick I am front of people who are smarter, sharper, more successful and frankly a damn sight wealthier than me – a sector of society I generally refer to as "other …
Alistair Dabbs, 22 Apr 2014

Northamber grabs ladder, claims PC market burning

Northamber's colourful chairman is forecasting a "more worthwhile future" - one that is less dependent on tech hardware - but the latest financials still bear the scorch-marks of attempts put out its burning PC biz. The UK's oldest tech wholesaler has been rather more quiet since listing on AIM, which means the company no longer …
Paul Kunert, 07 Mar 2014

Microsoft took away $4m of our profits, laments mighty reseller

The cost of redundancies and restructuring together with the biting changes Microsoft made to sales incentives almost wiped out the profit that Insight Enterprises made in EMEA during Q4, closing the curtains on a year of change. The reseller titan reported a five per cent regional sales spike to $397.6m in the final quarter of …
Paul Kunert, 13 Feb 2014
medical_doctor_health_channel

Phoenix IT Group CEO hatches three year turnaround plan

The latest CEO tasked with taking "overly complicated" profit bleeding Phoenix IT Group out of intensive care says a return to rude health will take multiple years but should not involve major amputations. Industry vet Steve Vaughan came on board in the spring, filling the top job that lay vacant for 17 months, and embarked on a …
Paul Kunert, 11 Jun 2014
Barnes & Noble Nook Simple Touch with Glowlight

Didn't get a Nook for Xmas? That's OK, hardly anyone else did, either

The fortunes of Barnes & Noble's Nook division have gone from bad to worse, with the ebook group reporting plummeting revenues over the holiday period. The bookseller said on Thursday that the Nook unit's sales for the nine weeks ending December 28 were down 60.5 per cent from the same period a year ago. Newly minted Barnes & …
Neil McAllister, 09 Jan 2014
B&N Nook SimpleTouch with Glowlight

Barnes & Noble chief walks as Nook ereader stumbles

Barnes & Noble chief exec William Lynch is resigning his post as sales at the firm's bookstores continue to plunge and the Nook ebook reader fails to revive B&N's fortunes. In a flurry of shuffling, the bookstore chain announced that Lynch was leaving the chief's chair after three years. At the same time the firm said that …
Shuffling cards

X-IO shuffles senior staffers – but this isn't an IPO prelude

Storage firm X-IO has changed its CEO and made some other board-level changes as well as having some engineers working part-time. Companies don't generally do this, so what's happening here? Incoming CEO Brian Owen has, in one way of looking at it, sidelined his incumbent CFO and HR head. CFO Ed Welch still holds his position, …
Chris Mellor, 27 May 2014

Cisco borgs VHA packet core

Troubled mobile carrier Vodafone Hutchison Australia (VHA) is pressing ahead with the network upgrade it hopes will rebuild its fortunes in the country, with Cisco to provide the foundation of its 4G network backbone. The Borg's ASR 5500 is to be rolled out as Voda's multimedia core platform, the companies say. VHA is preparing …
Happy child at Christmas with a tablet

Only iPhone fondling rose at Xmas: Were non-Apple fans in a turkey coma?

Apple was the only smartphone manufacturer whose handsets saw an increase in usage in the US and Canada during the just-ended holiday season – though only a minor one. But its fortunes declined in the tablet market, where Amazon and Microsoft led the usage-gain pack. These conclusions aren't based on hard sales numbers – it will …
Rik Myslewski, 02 Jan 2014

Everyone's waving their 5-inchers: BlackBerry outs new supersized Z30

Slumped phone giant BlackBerry has announced its fourth BlackBerry OS 10 mobe: the Z30, a five-inch OLED-touchscreen device. The display is not all that's big. The new mobe, pictured below right, sports a suitably supersized 2880mAh battery giving 25 hours of "mixed use", and similarly large internal mobile radio antenna, …
Andrew Orlowski, 18 Sep 2013
Cloud security

Chasing pack about to sink teeth into Amazon's AWS, says Gartner

Amazon Web Services' position as the leading infrastructure-as-a-service provider is under threat, as competitors target markets the organisation has to date ignored, according to Gartner research veep Lydia Leong. Leong's expressed her opinion in a double-barrelled blog post, the first instalment of which says the source of AWS …
Simon Sharwood, 06 Sep 2013

So you reckon Nokia-wielding Microsoft can't beat off Apple?

Microsoft isn't used to being the underdog, but the company which owns the desktop is losing its grip on customers' wallets. While buying Nokia is an audacious move to redress that, to make it work Microsoft needs to understand some of Nokia's history. Of course, Microsoft has been the challenger before, with varying degrees of …
Simon Rockman, 17 May 2014
The Register breaking news

Zynga's CEO tried to buy game slinger in 2010... while Xbox chief - report

Zynga’s new chief executive Don Mattrick liked the online gaming firm so much, he considered buying it for Xbox while he was a Microsoft bigwig. Mattrick, until last week the head of Microsoft’s entertainment division, negotiated with Zynga founder Mark Pincus to buy Zynga in 2010, "insiders" told Bloomberg. According to the …
Gavin Clarke, 08 Jul 2013
Toilet

Developer unleashes bowel-shaking KILLER APP for Google Glass

If the success of any mobile device platform depends on the quality of the apps available for it, then Google Glass developer Hung Truong has just brought Google's high-tech headsets one step closer to being on par with devices from mobile heavyweights like Apple and Samsung. A recent convert to Glass and Android app development …
Neil McAllister, 07 Dec 2013