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Articles about Goldman Sachs

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Google BLOCKS access to Goldman client-leak email

A Goldman Sachs contractor's inadvertent leak of client data through Gmail has brought the banking giant to a New York court to try and force The Chocolate Factory on a search-and-destroy mission - and Google seems to agree with the bank. Reuters says the slip, which sounds to The Register like someone trusted autocomplete in …
The Register breaking news

Salesforce rival SugarCRM scores $40m from Goldman Sachs

Salesforce's customer relationship management (CRM) software rival SugarCRM has landed a huge chunk of Wall Street money, in a possible move closer to an IPO. SugarCRM Wednesday said it’s taken a $40m equity investment from banker Goldman Sachs and named Goldman vice president Antoine Munfa as a board director. The amount is …
Gavin Clarke, 21 Aug 2013

Emulex 'hired Goldman Sachs to find themselves a buyer' - report

SAN storage adaptor supplier Emulex has hired Goldman Sachs to find a buyer, according to Bloomberg. Neither Emulex nor Goldman Sachs have confirmed the story, which Bloomberg says it heard from two people "with knowledge of the situation". The rationale for such a sale is strong. The Fibre Channel HBA market, which Emulex and …
Chris Mellor, 04 Jul 2013

Goldman Sachs: Windows' true market share is just 20%

Windows might still be the dominant desktop computing OS by a large margin, but Microsoft is in danger of becoming a small player in today's global computing market, according to a new report from financial bigwigs Goldman Sachs. The report, which was obtained last week by The Seattle Times, says that while Microsoft operating …
Neil McAllister, 13 Dec 2012
The Register breaking news

Ex-Goldman Sachs coder cuffed on fresh 'source theft' charges

A Goldman Sachs programmer cleared six months ago of stealing the source code to the bank’s high-frequency trading system has been re-arrested and charged. The Manhattan district attorney has now accused Sergey Aleynikov, 42, of unlawfully using secret scientific material and unlawfully duplicating computer-related material. In …
Gavin Clarke, 10 Aug 2012
The Register breaking news

Goldman Sachs developer cleared of code theft

A programmer who developed high-frequency trading code for financial powerhouse Goldman Sachs has won his appeal against an eight-year prison sentence, and been released from jail. The 2nd US Circuit Court of Appeals ruled that Sergey Aleynikov, a naturalized US citizen from Russia, was not guilty of stealing computer code under …
Iain Thomson, 18 Feb 2012
graph up

HP recruits Goldman Sachs to grapple activist investors

HP has rented the services of Goldman Sachs Group to fend off any potential activist investors seeking to rock the boat. The WSJ says the investment bank will man the battlements against corporate raiders that could exploit the fallen share price – down by a fifth last month after HP made public its PSG review, canned WebOS …
Paul Kunert, 29 Sep 2011
The Register breaking news

Goldman Sachs in email muppet hunt

Goldman Sachs has launched an investigation into its corporate email following accusations from a former senior employee that there is a “toxic and destructive” culture at the merchant bank. Greg Smith, a former exec at the bank, alleged that employees privately referred to clients as “muppets” in internal email conversations …
John Leyden, 27 Mar 2012
For Sale sign detail

Goldman Sachs slapped over iPad price-cut call

Apple is unlikely to slash the price of its fondleslab this Christmas as margins are too low, despite a warning from Goldman Sachs that the premium is out of kilter with hard-pressed consumers and sales could suffer this Xmas. Investment analyst Bill Shope has warned clients to think the unthinkable and closely monitor unit …
Paul Kunert, 16 Nov 2011
channel

Goldman Sachs wants clouds, tablets and divis from Microsoft

Microsoft has another tough year ahead, a Goldman Sachs tech analyst has warned. Sarah Friar said at the weekend that 2011 would be a big challenge for Steve Ballmer's software company, principally because Microsoft will be attempting to play catch-up with Apple and Google on tablet computers and mobile phones. The analyst …
Kelly Fiveash, 14 Dec 2010
The Register breaking news

Goldman Sachs seeks Goldman sucks site suit

Goldman Sachs certainly has its share of troubles these days but it's not about give up the little things that make life sweet. For instance, hiring a major Wall Street law firm to take down a blogger who may sully its sterling reputation. The Manhattan investment bank - which is struggling amidst a massive global recession, …
Austin Modine, 10 Apr 2009
channel

Goldman Sachs predicts IT spending rise

Research from Goldman Sachs expects IT spending to start moving upwards in 2010, but a survey of British small firms finds many still worried about the impact of recession on their businesses. The survey from Amplify Research found a quarter of firms expect to be hit harder during the later stages of the downturn. A quarter …
John Oates, 22 Sep 2009

Report: IBM to peddle its chip wing

IBM is rumored to have retained Goldman Sachs to help it put a price on its semiconductor division. The news was reported by the Financial Times on Thursday afternoon, California time, and follows IBM's long-expected announcement of the sale of its server division to Asian electronics giant Lenovo. At the time of writing …
Jack Clark, 07 Feb 2014
The Register breaking news

Goldman Sachs to sack 10 per cent of workforce

Another sign less funding will be flowing through Silicon Valley: Goldman Sachs getting ready for some serious belt-tightening. The financial firm today said it plans to cut 10 per cent of its 32,569 employees worldwide. That should mean layoffs for about 3,260 workers. Goldman Sachs is widely considered to have navigated the …
Austin Modine, 23 Oct 2008
The Register breaking news

Goldman Sachs threatens blogger over demonic domain name

A blogger has taken legal action to defend his right to criticise bailed-out investment bank Goldman Sachs. The bank has threatened to sue over trade mark infringement, but the blogger has launched his own legal campaign to defend himself. Goldman Sachs was bailed out with $10 billion of US public money last year under the …
OUT-LAW.COM, 14 Apr 2009
Cellular basestation antenna

Mobile price competition stirs in Australia

Beleaguered Australian mobile users might be about to get some price relief, if research from Goldman Sachs proves accurate. Vodafone Australia and Optus sub-brand Virgin mobile are leading the charge, the price survey found, both announcing “double data” plans for a limited time. According to Australian telco newsletter …
The Register breaking news

Barclays and Goldman Sachs squeeeeze IT staff

Goldman Sachs is demanding UK contractors take a compulsory 15 per cent cut in day rates, and staff have been told by agencies that this was a "take-it-or-leave-it" offer without room for negotiation. The cuts begin this week, and there are expected to be some job cuts too. Goldman Sachs has previously announced a ten per cent …
John Oates, 04 Nov 2008
MP Margaret Hodge in the Commons

MPs blast HMRC for using anti-terrorism laws against whistleblower

The chair of the Public Accounts Committee Margaret Hodge has said she was "shocked to her bone" that the tax authority used laws put in place to combat terrorism to investigate an employee after he blew the whistle on a deal to let Goldman Sachs cut £8m to £20m from its tax bill. The MP challenged the chief exec of HMRC, Lin …
Spicerex says roar

Spiceworks scoops $57m in 'last funding round before IPO'

Spiceworks, the Texas-based web-2.0 platform for sysadmins, has announced that it has closed a $57 million round of funding - which it expects to be its last before an IPO. The funding is led by Goldman Sachs and brings the total amount raised by the company to $111 million. In exchange for the cash splash, Goldman Sachs gets …
Trevor Pott, 04 Feb 2014
GlobalFoundries Fab 8

Things that make you go hmm: GlobalFoundries hires ex-IBM chip fabber

A former IBM exec who oversaw chip fabrication has been hired by GlobalFoundries, the company that's rumored to be buying IBM's chip fabrication wing. Henry DiMarco, a longtime Big Blue employee, has moved to GlobalFoundries as vice-president of site construction and facilities, to help out on the construction and " …
Jack Clark, 10 Jul 2014
Sina Weibo logo

Sina rumoured to be prepping Weibo for $500m US-based IPO

Chinese web giant Sina has picked two of the big banks to prep its Twitter-alike microblogging site Weibo for an IPO in the US. Goldman Sachs and Credit Suisse have been taken on to help the site manage a debut onto the market in New York, sources told the Financial Times and Reuters. Weibo, which is hugely popular in China, is …
The Register breaking news

Goldman downgrades Microsoft stock to 'neutral'

Pre-packaged software giant Microsoft saw its stock rating lowered to neutral by Goldman Sachs today, in response to the company’s sluggish entry into the tablet and smartphone market. The brokerage’s concerns reflected those of Microsoft’s own board, which last week put a cap on CEO Steve Ballmer’s bonus payout because of his …
Kelly Fiveash, 04 Oct 2010
No Sale

NO SALE: IBM won't cash in its chips with GlobalFoundries after all

IBM's hopes of unloading its loss-making semiconductor division to GlobalFoundries have reportedly been dashed, with GlobalFoundries refusing to budge on price. Word that Big Blue was planning to sell off its chips business first surfaced in February, when the company retained investment bankers Goldman Sachs to help it put a …
Neil McAllister, 25 Jul 2014
Steve Ballmer and Stephen Elop

The UNTOLD SUCCESS of Microsoft: Yes, it's Windows 7

Microsoft claims it has now sold more than 200 million Windows 8 licenses, in the first update to public sales claims it has offered since last May. Speaking at the Goldman Sachs Technology and Internet Conference in San Francisco on Thursday, Microsoft executive VP of marketing Tami Reller described the sales growth as "pretty …
Neil McAllister, 13 Feb 2014

No longer a 'hobby', Apple TV rakes in ONE BEEELLION DOLLARS

At Apple's shareholder meeting at the end of this February, CEO Time Cook removed the qualifier of "hobby" from the Apple TV, and during a conference call after releasing his company's financial results for the second quarter of its fiscal 2014, he explained why: money. Apple TV Cupertino's billion-dollar squared-off hockey …
Rik Myslewski, 25 Apr 2014
cloud

Sun downgraded to Goldman Sachs sell list

The stock and probably the collective psyche of server and operating system maker Sun Microsystems is taking some hits today as an IT watcher at Goldman Sachs put the company on its sell list. Sun has been on a lot of sell lists in recent years, of course, as it has struggled to even maintain sales, much less get profits, in cut …

Oh, Emulex: Another quarter, yet more red-splattered results

Emulex results were dismal, never mind what president and CEO Jeff Benck said about achieving "the high end of our revenue guidance." Revenues were down and losses deeper for its fourth fiscal 2014 quarter - ended June 29 - and for the full year. Q4 of financial year 2014's revenues were $99.8m; they were $109.7m last quarter …
Chris Mellor, 11 Aug 2014

Telecom New Zealand exits Australia with AAPT sale

The last remnant of one of Australia's first batch of competitive telecommunications carriers, AAPT, has been sold to TPG for $NZ450 million (about $AU410 million). The sale marks the exit of Telecom New Zealand from the Australian market. In 2010 TNZ sold AAPT's consumer customers to iiNet for $NZ60 million. TPG outbid rivals …

Apple finance overlord Oppenheimer: I love Apple, but I gotta get this pilot licence. See ya

Apple's chief bean counter Peter Oppenheimer – the man who has been a constant during Apple's dark pre-iPod days and amid the meteoric rise since – is to call it a day at the end of September. The Cupertino finance lord manages all the grey aspects of the colourful tech vendor's biz including treasury, information systems, …
Paul Kunert, 04 Mar 2014
TwitterIPO

Twitter sets up BEELLION-DOLLAR credit line ahead of IPO

Twitter has set up a billion-dollar loan ahead of its initial public offering from a group of big banks. The microblogging site has set up a revolving credit facility from Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America Merrill Lynch and Deutsche Bank, as well as others, sources whispered to Reuters. All five banks are …

Spotify reckons it's worth $4 BILLION - and Netflix investor agrees

In the latest WTF valuation, music streaming site Spotify has raised around $250m in fresh funding, valuing the firm at a hefty $4bn. Spotify scooped the new financing from investors led by Technology Crossover Ventures, an early backer of Netflix, sources familiar with the deal whispered to the Financial Times. It's not …

Twitter IPO rumour-gasm latest: Sugar daddies told to not flog shares just yet

Twitter's bankers have already been making calls to early investors in the website's fast-approaching IPO, asking them to sign a 180-day lock-up agreement by this afternoon. An email from lead underwriter Goldman Sachs, seen by Reuters, has asked existing backers to sign and return the form, which will forbid them from selling …
Google Fiber

Google promises 10Gps fiber network to blast 4K into living rooms

Google Fiber is the fastest broadband internet provider in the US, but according to the Chocolate Factory's CFO Patrick Pichette, its 1Gbps connection speeds are going to increase ten-fold. Pichette told the Goldman Sachs Technology and Internet conference that the firm is actively developing the equipment to pump 10Gbps of data …
Iain Thomson, 14 Feb 2014
hands waving dollar bills in the air

Home-grown server kit saves Facebook 'a BEELLION dollars'

Facebook says it has saved itself more than a billion dollars over the past three years by customizing its data-center hardware. By using gear assembled by the likes of Quanta and Wiwynn, the web giant has saved a significant amount of money, Facebook's veep of hardware engineering Jay Parikh said on Tuesday. The social network …
Jack Clark, 28 Jan 2014
IBM's Power8 processor

Samsung joins IBM's secretive chip consortium

Samsung Electronics has joined IBM's OpenPOWER Consortium, adding another company to stuff Big Blue's chips into a variety of hardware products. OpenPOWER is a scheme by IBM designed to make it easy for companies to license the architecture and customize it for specific needs, like ARM does with its chips. Big Blue unveiled the …
Jack Clark, 13 Feb 2014
Job cuts jpeg

IBM job cuts: Big Blue starts 'slaughter' of Indian and European workforce

IBM has begun slicing away at its workforce in India and Europe, as the company tries to shift its business to more lucrative, higher-margin technologies. The job cuts were confirmed by a representative for the IBM Union Alliance to The Register by email on Wednesday after a report was published describing a mass layoff in India …
Jack Clark, 12 Feb 2014
The Register breaking news

Goldman Sachs issues gloomy IT spending outlook

ComputerWire logo Pre-Christmas gloom amongst IT managers means technology spending is likely to decline this year, instead of growing, according to research released by investment bank Goldman Sachs yesterday. The bank said that average outlook was for a 1% decline in IT spending this year, compared to the 2% to 3% growth …
ComputerWire, 15 Jan 2003
The Register breaking news

'Giant vampire squid' seeks social media guru

Goldman Sachs, the bank described as a "giant vampire squid wrapped around the face of humanity", is looking for a social media community manager. The role of the job, as the title suggests, will be to "foster a positive community". A third of the time will be spent devleoping community strategy, and 60 per cent will involve " …
Andrew Orlowski, 03 May 2012
Java logo

Twitter, ARM voted on to Java steering committee

Twitter and ARM have been voted onto the executive of the Java Community Process (JCP), the committee that considers and oversees changes to Java. The JCP holds elections for its executive each year. Members are either “ratified” or “elected”. The former category appears to go to organisations with obvious stakes in Java's …
Simon Sharwood, 30 Oct 2013

How d'ya make a JPMorgan banker cry? Ask him questions on Twitter

Twitter trolls have sent a grosse fromage from JPMorgan scuttling back to his ivory tower after hijacking a public question and answer session. The world was asked to send questions to Jimmy Lee, vice chairman of the bank, using the hashtag #AskJPM. But a mob of trolls quickly commandeered the session, bombarding Lee with abuse …
Jasper Hamill, 14 Nov 2013
Measuring up Apple

Apple CFO's departure signals changing of guard

Apple will soon find itself having to replace the man who oversaw the company's finances through its most prosperous years. Peter Oppenheimer has announced his intent to step down from the company by September, vacating his role as Chief Financial Officer to Luca Maestri and riding off into the sunset to take a board position at …
Shaun Nichols, 05 Mar 2014
Quanta19Rack

Hot naked Asian racks in Cali: El Reg snaps Open Compute servers for all

Manufacturers in Asia are taking Facebook's Open Compute server blueprints, tweaking the designs, and selling the manufactured kit to the masses, The Register has learned. Here at the Open Compute Project (OCP) Summit in San Jose, California, Facebook has spent two days talking up the benefits of its customizable, low-cost …
Jack Clark, 29 Jan 2014
Twitter for Mac Old

TWITTER CLOSES ... its first day of stock trading with shares up 73 per cent

Twitter and its financial advisors will be patting themselves on the back and counting their bucks after the firm's first day on the stock exchange saw its perceived value rise 73 per cent at the close of trading. Twitter stock price Investors piled into the stock at the start of trading; nearly doubling its initial $26 IPO …
Iain Thomson, 07 Nov 2013
T-Mobile Sprint

T-Mobile US exec mulls merger with rival Sprint

The chief finance officer of US wireless carrier T-Mobile says further consolidation in the US mobile industry is inevitable and that a merger with Sprint would make a lot of sense. "It's the ultimate logical combination," T-Mobile CFO Braxton Carter told Reuters at the Goldman Sachs Communacopia conference in New York City on …
Neil McAllister, 25 Sep 2013
BlackBerry bleeding

Will BlackBerry be cherrypicked, or bought by its daddies?

BlackBerry cofounders Mike Lazaridis and Douglas Fregin have indicated that they are considering a bid to buy the struggling smartphone maker, even as analysts say that selling the company off in pieces may be a better deal for all concerned. The two men made their intentions known in a regulatory filing with the US Securities …
Neil McAllister, 11 Oct 2013
Samsung Galaxy S4

Samsung plans LTE Advanced version of Galaxy S4

Samsung is looking to shake off some poor recent sales forecasts for its flagship Galaxy S4 smartphone with the launch of an LTE Advanced version in South Korea this month, promising data transfer speeds up to double those of the current 4G handset. Head of the firm’s mobile biz, JK Shin, told Reuters on Monday that his team is …
Phil Muncaster, 18 Jun 2013
The Register breaking news

Apple CEO Cook: 'Bizarre' shareholder lawsuit a 'silly sideshow'

Apple CEO Tim Cook has a low opinion of a lawsuit filed by Greenlight Capital hedge-fund honcho David Einhorn that seeks to prevent Apple from amending its charter to allow the issuance of preferred stock without the approval of its shareholders. "I find it bizarre we find ourselves being sued for doing something that's good for …
Rik Myslewski, 12 Feb 2013
Sign outside the National Security Agency HQ

'I don't trust Microsoft' after NSA disclosures says former privacy chief

Caspar Bowden, who was Microsoft's European chief privacy advisor from 2002 to 2011, has said that he no longer trusts his former employer after the disclosures about its involvement in NSA surveillance schemes. Speaking at the Congress on Privacy and Surveillance in Switzerland on Monday, Bowden said that he wasn't aware of …
Iain Thomson, 01 Oct 2013
The Register breaking news

Goldman Sachs talks up ARM stock

Goldman Sachs has upped its target price for ARM Holdings following the chip manufacturer's deal with Texas Instruments. In a note entitled "Adding Fuel to the Blazing Fire", Goldman Sachs upgraded its value of ARM's shares to 2200 pence from 1650 pence. Yesterday Cambridge-based ARM announced it would collaborate with Texas …
Linda Harrison, 03 Nov 1999
The Register breaking news

Freeserve shares fall on Goldman Sachs research note

Freeserve shares fell four pence to 202.5 pence yesterday on the back of an unhelpful Goldman Sachs research note. The investment bank kicked off its coverage of Freeserve, the British template for free ISPs by making it a "Market Performer" rating and has "a downside price target of 200 pence", financial newswire AFX reports. …
Drew Cullen, 25 Aug 1999