Articles about Fortunes

Samsung Galaxy Note Android tablet and phone

Samsung's flagging phone fortunes hit profits hard

Samsung has promised to shake up its smartphone line-up to try to win back some of the ground it has lost in the sector, after it revealed that its third-quarter operating profit was the lowest in more than three years. Sammy’s operating profit was 4.1 trillion won ($3.9bn), while net profit was 4.2 trillion won. In the same …
management cio1

Avnet TS names vet Zammit as global el presidente

Patrick Zammit, the latest exec to grab global control of Avnet Technology Solutions (ATS), will be close at hand from his Brussels base to mastermind a sustained growth plan in EMEA, something that continues to elude the firm. A former senior auditor at Arthur Anderson - like many beanies now working in the channel - Zammit …
Paul Kunert, 06 Jan 2015
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
Android icon desktop toys

BITE that APPLE if you want to escape the Android garden, Microsoft

Analysis Microsoft has made Office on Android available on tablets at the exact moment its fortunes with Apple and Samsung are in flux. If Redmond's going to win, it needs to bet on Apple. Redmond removed the preview label from Office for Android apps on Thursday, making Word, Excel, PowerPoint and OneNote available from Google’s Play …
Gavin Clarke, 29 Jan 2015

What exchange rate blues? Our storage revs have grown – HP

Comment Despite lousy dollar exchange rates, HP storage revenues are climbing – unlike those of NetApp, which fingered those same exchange rates as the cause of its woes. In its first fiscal 2015 quarter HP’s revenue was $26.84bn, down 5 per cent on an annual compare, with net income of $1.37bn, down 4 per cent from a year ago. So far, …
Chris Mellor, 25 Feb 2015

We told you so! Daisy Group slurps up Damovo UK

Daisy Group has confirmed what our readers already knew – it has wolfed down unified comms specialist Damovo UK in its first deal since going private again less than a fortnight ago. West Sussex-based Microsoft and Cisco Gold badge holder Damovo is the former enterprise sales and services division of Ericsson. “With strong …
Paul Kunert, 02 Feb 2015

Cisco targets India with new investment

In a move interpreted as an endorsement of the new Indian government headed by reformer, and digital service delivery believer, Narendra Modi, Cisco wants to turn around its fortunes in India, and is reportedly putting US$1.7 billion on the table as part of its strategy. The Economic Times reports the commitment, which The Borg …
Genie

Will fondleslab's fickle finger of fate help Windows 10?

Just two and half years ago Microsoft dropped Windows 8 on the world, playing Redmond’s card in the touch-tablet game against Apple’s iPad and Google’s Android. Windows 8 was remarkable for three reasons: the touch-inspired Metro interface, the fact Microsoft built its own-branded tablet running Windows, and it put Windows on …
Gavin Clarke, 21 Jan 2015
Dial before you dig

Telstra CEO David Thodey retires

The CEO of Australia's dominant telco, Telstra, will step down in May. David Thodey's spent six years in the carrier's big chair, but has "announced his retirement" according to Telstra's canned statement on the matter. That statement also points out that Telstra's market cap and share price have just about doubled during …
Simon Sharwood, 19 Feb 2015
BlackBerry Passport

Vodafone to stock BlackBerry Passport – on sale tomorrow

The new, interesting and really rather good Blackberry Passport will soon be available to Brits on Vodafone. That is to say “will” rather than “is” as Vodafone isn’t taking pre-orders for the device, which will go on sale tomorrow, and there is currently no pricing information. Two attempts to order an upgrade – online and over …
Simon Rockman, 30 Sep 2014
Pikmin 3

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

Game Theory 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
USA, Canada - which one is which?

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

Podcast 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
Nokia Black Lumia Windows Phone Update

Windows Phone bumping along the bottom

Microsoft has revealed a new batch of data about Windows Phone's fortunes, and it seems Redmond's mobile efforts are doing best at the low end of the market. The good news is that Windows Phone 8.1 is now accounting for 65 per cent of Windows Phone app downloads, with Windows Phone 7 at under five per cent. The most popular …
Simon Sharwood, 24 Dec 2014
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

FCC to smack Sprint with $105m fine over 'cramming' – report

US mobile carrier Sprint should expect a hefty fine from the Federal Communications Commission for overbilling its customers, say sources with knowledge of the agency's plans. As first reported by the National Review, the FCC is preparing to vote on action to be taken against Sprint over its role in "cramming" – the practice of …
Neil McAllister, 17 Dec 2014
management social5

Deckchairs shifted aboard tech liner HP's services biz

An EMEA-wide overhaul dreamed up by HP execs to lift the fortunes of the Enterprise Services division — and cut out costs — will be implemented in time for the fiscal New Year starting next month. Under the new-look biz, ES has consolidated from nine sub-regions into four ‘super’ clusters including North (Benelux and Nordics), …
Paul Kunert, 16 Oct 2014
Fairphone logo

Not even 60,000 of you want an ethically-sourced smartphone

Fairphone, the social enterprise that makes an Android smartphone built of raw materials sourced from conflict-free mines and built in exploitation-free factories, plans to make an even fairer phone in 2015. But the outfit has also revealed it has not yet managed to sell all of the 60,000 phones it has built to date. Founder and …
Simon Sharwood, 06 Nov 2014
Amazon CEO Jeff Bezos

Amazon, flush with cash, says it will let you peek inside AWS' pants

Amazon left smiles on investors' faces on Thursday following a fourth-quarter earnings report that trounced analysts' estimates. While Wall Street was expecting to see earnings of $0.17 per diluted share, the actual figure came in at $0.45 per share – which, while not as good as the $0.51 per share that Amazon earned in the …
Neil McAllister, 30 Jan 2015

BMC Software flings patent sueball at ServiceNow

Newly private BMC Software is taking ServiceNow to court, claiming its up-and-coming enterprise help-desk rival trampled over its sacred patents. BMC has accused ServiceNow of violating seven of its patents (5,978,594, 6,816,898, 6,895,586, 7,062,683, 7,617,073, 8,646,093 and 8,674,992), spanning incident management, performance …
Gavin Clarke, 24 Sep 2014
Beautiful landscape picture of Kenya, with a man cycling past an acacia tree against a yellow sandy background

Kenyan court case could sound death knell for mobile money

Comment Kenya is pretty much the only place where mobile money works. Now, it seems, the banks want to wreck it. Vodafone-owned mobe operator Safaricom runs M-Pesa, the poster child for mobile payments. It has revolutionised the lives of people who were so poor that the banks were not interested in serving them. However, having become …
Simon Rockman, 29 Sep 2014
Angry Birds

Angry Birds CEO hops into slingshot, goes 'WEEEEE!'

The CEO of the company behind mobile gaming hit Angry Birds has announced his intention to leave the gaming firm. Rovio Entertainment said that Mikael Hed, long time business leader of the Finnish games firm that made flinging wildfowl a global craze, would be stepping down from the company on New Year's Day. His replacement …
Shaun Nichols, 29 Aug 2014
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Bloody TECH GIANTS... all they do is WASTE investors' MONEY

Worstall on Wednesday The idea that the tech giants are simply going to waste the pots of cash with which they have been entrusted is certainly counter-intuitive, but it wouldn't surprise me at all if they did. For that's pretty much the fate of all investment: to be wasted. It's an odd claim, because there do appear to be successful examples of …
Tim Worstall, 25 Feb 2015
top of the bt tower

BT: Consumers and cost cutting save the day

Cost cutting and 88,000 new broadband punters helped BT bank more profits in calendar Q3, although revenues went in the opposite direction as all divisions outside of the consumer wing reported declining fortunes. The former comms state monopoly turned over £4.38bn of sales in the quarter ended September, down two per cent year- …
Paul Kunert, 30 Oct 2014

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

Oracle cold bath shrinks Larry Ellison's pay package

Oracle's Larry Ellison, one of the world’s richest men and best-paid CEOs in the US, is getting his pay cut by more than half. The database giant's chief executive has been awarded just 3 million stock options by its compensation committee in its annual review process. That’s down from 7 million the year before and every year …
Gavin Clarke, 05 Aug 2014
Nokia 130

Microsoft: Just what the world needs – a $25 Nokia dumbphone

Microsoft's Nokia division has revealed its latest mobile phone – but rather than the sort of high-end flagship number that's designed to take on Apple, it's taking aim squarely at the bottom of the market. It's no less than a plastic mini-mobe that will sell for no more than €19 ($25) before taxes and subsidies. Billed in the …
Neil McAllister, 11 Aug 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
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
Roy Lichtenstein Wham! Bang!

DRAM whammer Kaminario bigs up K2 biz

Comment Upstart Kaminario seems pleased with its position at the summit of flash array performance with its SPC benchmark-topping K2 all-flash arrays. But this mid-pack player may need to emerge from the herd to prove it has what it takes. Gartner pegs Kaminario as a visionary in the networked AFA (all-flash array) market. The startup …
Chris Mellor, 01 Sep 2014
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 …

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
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
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
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
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 …

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 …
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 …

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 …
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
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
ARP Odyssey Korg reissue

Synths of the father: Making some noise at NAMM 2015

+Vids If you want to get an idea of how pop music will be sounding in 2015, then this year's exhibition of the National Association of Music Merchants, better known as the NAMM Show, that took place in California last week was the place to be – think of it as CES for musos. ARP Odyssey Korg reissue Original synth? Korg'a take on the …
Paul Wiffen, 30 Jan 2015
Australian_painted_lady_feeding

HP slips on Scality's RING, plans to flog it with ProLiant servers

Analysis HP is going to resell Scality's RING object storage software, despite having its own scale-out StoreAll object storage technology. Scality hopes this is a break-out deal and twins with a market move to unstructured data and server-side storage – as this would help object storage emerge from its chrysalis and float like a …
Chris Mellor, 16 Oct 2014
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

The Great Smartphone Massacre: Android bloodbath gathers pace

Analysis The bloodbath continues for smartphone vendors, results from the leading Android vendors have confirmed in the past week. While it’s a great time to be a buyer, in saturated Western markets, only LG can show black ink on its earnings statements. Sony, Samsung and HTC also reported and the pages were awash with minus signs, …
Andrew Orlowski, 04 Nov 2014

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

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, …

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

How much is Microsoft earning from its Android taxes again?

Analysis We’ve known for years that Microsoft makes more money from Google’s Android than Google does itself – but now we have a better idea of how much hidden “tax” is included in the price of an Android handset. That’s because Samsung and Microsoft have fallen out, and Redmond’s lawsuit sheds light on the secretive world of patent …
Andrew Orlowski, 07 Oct 2014
Android logo

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