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 …

Speednames 'fesses up, admits customers' emails are borked

Customers of Speednames, the subsidiary of domain name registration firm NetNames, have been unable to receive emails since yesterday. On its status page the company said “it is currently not possible to receive emails at present.” Outgoing messages are being sent successfully but it warned that incoming emails sent to …
Kat Hall, 04 Feb 2016

ARM pumps fist as profits soar, warns of weaker hand in 2016

Chip designer ARM once again posted bumper annual results, with profits up 31 per cent to £414.8m on revenue of £968m, up 22 per cent. During the year the company shifted 14.8 billion ARM-based chips, up 16 per cent on 2014. But the company warned that increased economic uncertainty during 2016 "may influence consumer and …
Kat Hall, 10 Feb 2016
recruitment_hired

NetNames hires turnaround king Steve Vaughan

Self-anointed turnaround expert Steve Vaughan has parachuted into NetNames as non-exec chairman, presumably to improve things at the loss-making domain name registration firm. Vaughan has a track record of saving ailing companies, and managed to improve the fortunes of Phoenix IT Group, stemming the losses and preparing it for …
Paul Kunert, 15 Jan 2016

Edgy online shoppers face Dyre Christmas as malware mutates

VXers have cooked up Windows 10 and Edge support for the nasty Dyre or Dyreza banking trojan. The banking bomb has ripped untold fortunes from victims and passed them into the hands of its authors. In at least one instance alone IBM says more than one million dollars was plundered from an organisation. At present it has …
Darren Pauli, 19 Nov 2015
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Microsoft seller Trustmarque seeks private equity sugar daddy

Exclusive Trustmarque is erecting a for sale sign outside corporate HQ as the management team looks for a new private equity backer to fund a buy-out. The volume licensing reseller-cum-managed services outfit is currently backed by Endless LLP, which swooped for the York-HQ’d business when it faced well publicised cash-flow challenges …
Paul Kunert, 12 Feb 2016
London from the International Space Station, credit Commander Hadfield

UK Broadband suffers £37.5m loss after big Relish investment

Hong Kong-based UK Broadband – the parent company of wireless broadband provider Relish – reported a loss of £37.5m for 2014. The firm warned that its current business plan, which relies on two key factors, remained uncertain and may need to be ripped up. It said in its latest filing on Companies House: The first of these is …
Kelly Fiveash, 13 Oct 2015
Pointing finger, photo via Shutterstock

Handy results put ARM on track for a muscular year

Chip designer ARM has posted another period of growth, with revenue up 17 per cent to $375.5m (£243m) for the third quarter, when compared with the previous year. Meanwhile, third-quarter pre-tax profit climbed 27 per cent to £128.4m, compared with the same period last year. ARM appears to be on track for a record year, with …
Kat Hall, 21 Oct 2015
Cisco RFGW-1-D Edge QAM

Enterprise network spend hits the brakes – and Cisco's OK with that

The financial market turmoil that's characterized 2016 has led Cisco to set modest expectations for the coming three months. Having said that, the networking giant is pleased with its performance in Q2 of its fiscal 2016, aka the quarter to January 23. Its US$11.8bn second quarter revenue (normalized to exclude the cable …
woman binoculars photo via Shutterstock

Windows 10 blamed (partly) for stalled PC sales recovery

The recovery in PC sales has been postponed until 2017 – and Microsoft and Windows 10 are partly to blame. Worldwide PC shipments will now fall by 8.7 per cent by the end of the year and growth won’t return for another two years, the IDC said. The number cruncher had expected that the arrival of Windows 10 in July would …
Gavin Clarke, 27 Aug 2015
Watson Power7 cluster. Pic: IBM

IBM splashing $2bn on Weather Company – reports

Big Blue is reported to be further beefing up its Watson division by splashing $2bn (£1.3bn) snapping up the digital arm of the Weather Company, a US-based organisation that runs the Weather Channel and a digital company providing mobile apps. Both the Wall Street Journal and the Financial Times reported that people familiar …
Kat Hall, 28 Oct 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
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
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Cash-happy BlackBerry slurps one-time rival Good for $425m

BlackBerry has dug deep into its lint-filled pockets to buy its one-time legal adversary Good Technology for a cash sum of $425m (£280m). BlackBerry hopes the deal will allow it to beef up its presence in the enterprise mobile management space. John Chen, BlackBerry chief exec, said the acquisition will expand its offering in …
Kat Hall, 04 Sep 2015
Qualcomm

What do you call a spreadsheet with lots of negative numbers? Qualcomm_FY2015.xlsx

Mobile chip blueprint scribbler Qualcomm reported big losses to close out its 2015 fiscal year, though the hits were less severe than the California company initially feared. Qualie said it hopes to turn around its fortunes in the coming fiscal year, as it banks on continuing adoption of 3G/4G networks globally and a …
Shaun Nichols, 05 Nov 2015

Reg readers select infosec A-Team to save Ashley Madison

It’s a week since – with some prescience – we launched a poll to find out who, in the wide world of IT and beyond, might be man (or woman) enough to rescue troubled infidelity site Ashley Madison. Hours later self-styled “King of Infidelity” Noel Biderman quit as chief exec of Avid Life Media, the parent firm of Ashley Madison …
John Leyden, 04 Sep 2015
symantec CEO mike brown

Symantec's salvation plan is more and better integration. No, really

Symantec divested Veritas because it never quite convinced anyone that an integrated security and data management company made sense, and its security business has struggled in part because it's not linked its protection products. But the company's new CEO Michael Brown nonetheless thinks that integrating the company's range is …
Simon Sharwood, 17 Nov 2015
box_shifting_channel

How many Win 10 PCs were in distribution the week before launch?

In the week leading up to the launch of Windows 10 there were zero PCs pre-installed with the new operating system sat in a warehouse awaiting a new home. Not one. For past releases of Microsoft OSs at least 20 per cent of computers at wholesalers came loaded with the software, but times have changed. Context Research – which …
Paul Kunert, 06 Aug 2015

Your one-minute guide to IBM's financial future – or just imagine a skier tumbling down a slope

Today, IBM is said to be the biggest technology services biz on Earth – and the only way is down. Big Blue's fortunes are continuing in a downward trend: its global revenue has fallen, profit is down, and its share price slipped five per cent in after-hours trading on Monday. The company blamed the strong dollar for bruising …
Chris Williams, 20 Oct 2015
Kids car snow, image via Shutterstock

Cloud growth? Take a number, Microsoft. Two engines have stalled

Microsoft’s second fiscal quarter showed a company at a dangerous stage in its transition. It also revealed a firm that is unable to rely on the certainties of old. Not so long ago, Microsoft could call on three engines of growth to drive its business – Office/personal productivity, server and tools, and Windows client …
Gavin Clarke, 30 Jan 2016
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

Who will buy our darn DRAM? Micron smacked in wallet again

It was not a happy Christmas for Micron, as the numbers confirm it is suffering in the solid state memory and storage business with a fourth consecutive decline in revenues and fifth in profits. It made $3.35bn in revenues for its first fiscal 2016 quarter, compared to $4.57bn a year ago and $3.6bn in the preceding quarter, …
Chris Mellor, 30 Dec 2015
Russia

Russia's Putin IT spend in reverse gear, fast

When the first dotcom bubble popped, the likes of EMC, Sun and Oracle didn't panic that the days of easy greenfield sales were over because the then-burgeoning economies of eastern Europe gave them new greenfields in which to romp. Russia, in particular, modernised quickly and became a decent-sized market for enterprise IT. But …
Simon Sharwood, 20 Mar 2015
Example of tidy cabling

Cloud market spins up a cyclone of sales

Happy days, hardware-sellers, box-peering-abacus-wielder IDC says sales of cloudy kit surged by a whopping 25 per cent in 2015's first quarter. The analyst outfit's Worldwide Quarterly Cloud IT Infrastructure Tracker found that sales of infrastructure-grade servers, storage and ethernet switches grew by 25.1% year over year to …
Simon Sharwood, 03 Jul 2015
Boardroom_and_directors

Basho bashed by bolshy backer, ex-boss claims in court brouhaha

Basho Technologies is being sued by its cofounding ex-CEO, who alleges a major investor caused a disastrous fall in the company's finances. Antony Falco and Earl Galleher founded Basho in 2008. The biz, based in Bellevue, Washington, develops the Riak distributed NoSQL database that can store massive amounts of unstructured …
Chris Mellor, 08 Jan 2016

HP slaps dress code on R&D geeks: Bin that T-shirt, put on this tie

Exclusive Troubled HP has hit upon what it thinks is a terrific idea to revive its fortunes: tell techies to leave their T-shirts and shorts at home and obey the corporate "smart casual" dress code instead. Some R&D teams within HP Enterprise Services were sent a confidential memo this week reminding them to follow the IT giant's rules …
Chris Williams, 24 Jul 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

Is this what Windows XP's death throes look like?

It's the first of the month (US time), so off we go to Netmarketshare and Statcounter to see what operating systems are getting a run on the world's desktop computers. Our long series of stories on the two analysts' output has shown, time and again, that Windows XP is just-about-unkillable. Despite Microsoft ceasing support, the …
Simon Sharwood, 02 Apr 2015
Smartphones

HTC execs: Oh dear, did we say we'd sell lots of smartphones? Our bad

The bottom appears to have dropped out of HTC smartphone sales, leaving the Taiwanese firm forced to revise its second-quarter earnings guidance downward by nearly 30 per cent. Just over a month ago, HTC said it expected to see revenue of between NT$46bn and NT$51bn New Taiwanese dollars ($1.49bn to $1.66bn in US dollars) in …
Neil McAllister, 05 Jun 2015
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No more jaw-jaw, as PRS sues SoundCloud over music streaming

Analysis UK performing rights society the PRS* has told its 111,000 members that it is now reluctantly suing SoundCloud after five years of fruitless negotiations, for refusing to properly compensate its members after streaming their works. “Unfortunately, [SoundCloud] continues to deny it needs a PRS licence for its existing service …
Andrew Orlowski, 01 Sep 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

Mummy, what's the point of Evgeny Morozov's tedious columns?

Worstall on Wednesday I often find myself mystified by Evgeny Morozov and his writings. I find it terribly difficult to work out what he's actually for, or what worldview it is that he thinks he's propagating. Unless, of course, it's just to piss off the libertarians or perhaps to show us how clever a Morozov can be in uncovering the feet of clay …
Tim Worstall, 04 Mar 2015
Human cannonball

So, was it really the Commies that caused the early 20th Century inequality collapse?

Worstall @ the Weekend What with both the Corbynistas and Sandersistas on their various sides of the pond bringing back into the political mainstream the somewhat discredited ideas of state directed economies and socialism lite, perhaps it's time to have a look at one of the arguments used to bolster those ideas. Which is that post World War Two …
Tim Worstall, 30 Aug 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 …
row-boats

Cloudian says yes please to object-happy S3 storage

Comment Cloudian, an object storage startup, says that, with its integral S3 support, as the enterprise IT world adopts S3 its fortunes will benefit from that adoption. A rising S3 tide will lift its boat. The dominant object storage access protocol will be S3 because it's openly available and not proprietary. So says Cloudian's w-w …
Chris Mellor, 17 Jul 2015

Light the lanterns people, Acer made a profit in 2014

A recovery of sorts is taking place at Acer with calendar 2014 P&L accounts returning to the black in a meaningful way, bringing closure to three consecutive years of losses. The latest CEO Jason Chen is steadying operations, and more conservative sales forecasts are also paying off, as Acer wasn’t forced to write down stock, …
Paul Kunert, 26 Mar 2015
A US Army M1A1 Abrams tank heads out on a mission from Forward Operating Base MacKenzie in Iraq on October 27, 2004

US military CANCELS US$1.6 BEEELLION VMware deal

VMware's long-hoped for US$1.6bn, five-year deal with the US military has foundered, after the Defence Information Security Agency (DISA) cancelled its request for proposal "to further analyze the Government's needs." The cancellation was revealed last week in a new amendment to the RFP (PDF) The planned five-year deal between …
Simon Sharwood, 17 Mar 2015
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 …
Mike Plant, 24 Jul 2013

How business is taking the space race to new frontiers

Analysis Jeff Bezos may not have gone where no man has gone before, but in successfully landing its New Shephard rocket back on Earth, his rocket company Blue Origins has pipped ahead of rivals in the race to make space commercially viable. It’s a significant coup in the latest incarnation of the space race. And it may have given pause …
Apple a day  by Robert Holf https://www.flickr.com/photos/robbertholf/ CC 2.0 attribution https://creativecommons.org/licenses/by/2.0/

Samsung back on top of smartmobe market

Samsung's sales may be sliding nastily, but box-counter IDC says the company is back on top of the world when it comes to smartphone shipments. The firm's Worldwide Quarterly Mobile Phone Tracker for 2015's first quarter found 336.5 million smartphones shipped, worldwide. That's “ up 16.7% from the 288.5 million units in 1Q14 …
Simon Sharwood, 01 May 2015
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 …
Simon Rockman, 30 Sep 2014
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
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
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 …
Neil McAllister, 17 Dec 2014
'Broken Copyright' StockMonkeys.com

Open source Copyright Hub unveiled with '90+ projects' in the pipeline

The web has grown up without letting people own and control their own stuff, but a British-backed initiative might change all that, offering a glimpse of how the internet can work in the future. Their work will all be open sourced early next year. Britain's much-anticipated Copyright Hub was given ministerial blessing when it …
Andrew Orlowski, 31 Jul 2015
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
By Henrik Ishihara licensed under Creative Commons Attribution-Share Alike 3.0 Unported license.

Pinning a value on big tech's top names. Not as easy as it looks

Does the efficient markets hypothesis (EMH among friends) have any value when looking at tech companies in the enterprise and data centre world? EMH does not mean markets are the efficient way of doing things. There is no implication at all that healthcare, scientific research or the military should be delivered by market …
Tim Worstall, 11 May 2015