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 …
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

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 …
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
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

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
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
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

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
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
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
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
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 …
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
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

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 …

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
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

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

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 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
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

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, …
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
Google UK office logos

Google could be a great partner for Iliad in its quest for T-Mobile

Comment French operator Iliad may have had its $15bn bid for T-Mobile USA rejected and branded “preposterous”, but it is unlikely to give up too easily in its attempt to bring its disruptive practices – which have already created commercial havoc in France – to the US. In recent weeks, the rumour mill has suggested Iliad might enlist …
Faultline, 01 Sep 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

Was Nokia's Elop history's worst CEO?

Review Stephen Elop's decision to bet the farm on Windows Phone makes him the world's worst CEO, according to a new book published this week. Operation Elop by Pekka Nykänen and Merina Salminen interviews former Nokia staff and arrives at its judgement based on the decline in Nokia's market value from 2010 to 2013: from €29.5bn to € …
Andrew Orlowski, 09 Oct 2014
Doomsday clock

Federation fracture: EMC's post-Tucci future is either SALE or SPLIT

Comment Winter has come early for EMC, with hordes of barbarian activist investors pounding at the gates as CEO Joe Tucci's long reign comes to an end. Snowdrifts are building up against the boardroom's windows, blotting out the C-suite's previous sunny vista. One immediate example of EMC's fortunes changing is the reported collapse of …
Chris Mellor, 25 Sep 2014
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

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
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 …