Articles about Goldman Sachs

Kotkin on who made Trump and Brexit: Look in the mirror, it's you

Interview Two American writers have attempted to grapple with the rise of “populism” exemplified by Donald Trump and Brexit, with both starting (if not finishing) from the Left. Both Death of the Liberal Class by Chris Hedges and The New Class Conflict by Joel Kotkin both make uncomfortable reading for the complacent chatterati. Both …
Andrew Orlowski, 11 Jul 2016

Sources: Nutanix poised to gobble PernixData

Exclusive Four independent sources say hyper-converged poster child Nutanix is buying hypervisor flash-cacher PernixData, thus gaining crucial technology to speed up its appliances. A Nutanix spokesman told us: "No comment." A PernixData spokesperson added: "We are not commenting at this time." A PernixData insider told The Register: " …
Chris Mellor, 01 Jul 2016
Communist fist, photo via Shutterstock

ODM for the masses? Facebook's OCP still ain't for you, brother

Go to the Computer History Museum in Mountain View, California, and you’ll see a strange contraption cobbled together from commodity motherboards purchased from electronics stores. It’s one of Google’s first production servers, built in 1999 when it didn’t have money to waste on dead-end projects like Wave, NexusQ and Buzz. …
Danny Bradbury, 30 Jun 2016
Container-ship

Contain yourself – StorageOS is coming

DockerCon StorageOS is a UK-based startup offering simple and automated block storage to stateless containers, giving them state and the means to run databases and other applications that need enterprise-class storage functionality without the concomitant complexity, rigidity and cost. It runs as a container in a Linux system and …
Chris Mellor, 20 Jun 2016
Blue Coat

Blue Coat readies for IPO

Security company Blue Coat Systems, Inc says that it will soon go public with an initial public offering (IPO). The enterprise security software vendor said that on Thursday it officially handed over paperwork to the US Securities and Exchange Commission to announce its plans to enter the New York Stock Exchange under the …
Shaun Nichols, 03 Jun 2016
Roughly 150kg of gold

Nutanix goes cap in hand to Goldman Sachs for $75m loan

Hyper-converged startup and IPO wannabe Nutanix finds itself in hock for $75m to Goldman Sachs after it was forced to take out a loan because its fund-raising IPO was delayed. An amendment to its S1 SEC filing says that Nutanix has borrowed $75m from Goldman Sachs, its IPO advisor: “ In April 2016, we issued an aggregate …
Chris Mellor, 01 Jun 2016
lg_rolly_keyboard_648

Symphony enters messaging app market

Entering an already crowded market, Symphony has announced it will produce an iOS app for its cloud-based messaging service. The Google-backed company's service is used largely by financial institutions due to its high-level security, but is currently only available through a browser. The iPhone app will be released next week …
Kieren McCarthy, 20 May 2016

Yahoo! is! up! for! sale! – so! how! much! will! you! bid!?

Yahoo! has officially called in the bankers to explore "strategic alternatives" for the company; in other words trying to find someone to buy up the non-Alibaba side of the business. "Separating our Alibaba stake from Yahoo's operating business is essential to maximizing value for our shareholders. In addition to the reverse …
Iain Thomson, 20 Feb 2016
dollhouse

Why does the VR industry think 2016 is its year? It's the hardware, stupid

In 1994 this hack had his first taste of virtual reality, shooting pterodactyls in a blocky polygon world, and was assured by the vendor that 1995 would be the year VR really took off. The same thing was promised for 2000, 2004, 2010, and again for 2014 when Oculus burst onto the scene. Now some are proclaiming it'll be 2016, …
Iain Thomson, 10 Feb 2016
An Amazon Coin

Amazon UK boss is 'most powerful' man in food and drink

"He doesn’t run any supermarkets and his market share in groceries is minuscule. But Chris North gives grocery the shivers.” So says The Grocer, a trade magazine, which has named the Amazon UK boss as No.1 in the The Grocer’s 100 Power List, beating out more orthodox names such as Aldi UK boss Matthew Barnes, who ranks no.2. …
Drew Cullen, 09 Feb 2016
Business people move through revolving door. Photo via Shutterstock

All is not well on Mount Panasas: Five execs eject amid refocus

Exclusive Panasas – the privately owned hybrid scale-out NAS appliance supplier – has suffered exec exits and is refocussing, but so far won't say what its new strategy is. We contacted the firm after hearing rumors from a senior industry source about IP sales, but it was unable to respond until February 4. We did pick up hints of some …
Chris Mellor, 03 Feb 2016
Smartwatches

2016 in mobile: Visit a components mall in China... 30 min later, you're a manufacturer

One trend overshadowed all others in 2015: there's tons and tons of everything. You probably know why. China has piles of cash, which means huge capital splurges in all directions. Which has caused a global glut of stuff. Steel, aluminium, rubber ... and consumer electronics. China might not exactly be dumping smartphones, but …
Andrew Orlowski, 02 Jan 2016
Patrick McGoohan as The Prisoner in "Fall Out"

Assembly of tech giants convene to define future of computing

A flurry of the tech world’s great and good signed up the Cloud Native Computing Foundation yesterday, and kicked off a technical board to review submissions – which will be tested and fattened up on a vast Intel-based “computer farm”. Vendors declared their intent to form the Cloud Native Computing Foundation (CNCF) earlier …
Joe Fay, 18 Dec 2015
Shipping_containers

Nexenta catches micro-services bug, slings its Edge into containers

Nexenta is supporting containerised servers by having its NexentaEdge product nodes run as microservices along with application microservices on any scale-out Linux server cluster. NexentaEdge is scale-out block and object storage. Containers are a more efficient form of server virtualisation, having thinner "wrappers" than …
Chris Mellor, 16 Sep 2015
Stacks of bitcoin CC2.0 attribution by FD Comite https://www.flickr.com/photos/fdecomite/

The 'vampire squid' wants a bankers' blockchain

Whether Bitcoin is an existential threat to the world of currency and banking probably depends on the style of tinfoil hat you wear, but the “Vampire Squid” - Rolling Stone's name for investment merchant bank Goldman Sachs - isn't taking any chances. Goldman and several of the most moneyed moguls the world has to offer the …

Bubble? LMAO - YOLO! Wall St gets new instant messaging service

A rival to the ubiquitous but expensive Bloomberg terminals will launch this week on Wall Street. Symphony was set up a year ago by Goldman Sachs and 14 of the world's biggest banks after it was revealed in 2013 that some reporters from Bloomberg's news division spied on the use of the company's business terminals held by …
Kieren McCarthy, 14 Sep 2015
US cashpoint. Pic: Tax Credits

Open sourcerer Mirantis taps up Intel for $100m worth of funding

Chipzilla Intel has led a funding injection of $100m (£64m) into open source cloudy operating system Mirantis, part of its move into the world of OpenStack. The deal is apparently part of Intel’s recent announcement intended to create "tens of thousands of new clouds". Mirantis has so far raised $220m, having previously …
Kat Hall, 24 Aug 2015
Orchestration

Linux Foundation wrangles app container wranglers into new org

The Linux Foundation has announced the Cloud Native Computing Foundation (CNCF), a new collaborative project aimed at making it easier for businesses to build and deploy containerized cloud applications oriented around microservices. "This new organization aims to advance the state-of-the-art for building cloud native …
Neil McAllister, 21 Jul 2015
trolley_shopping_648

Claranet swallows a couple of tech minnows

Euro managed services outfit Claranet has used some of its£100m + war chest to dip into the Brit tech market, devouring minnows Linux IT and and Biz Continuity/ DR specialist Techgate. The London headquartered firm that has tentacles in Germany, France, the Netherlands, Portugal and Spain, renegotiated its finances with …
Paul Kunert, 09 Jul 2015
fbservers_648

Open Compute Project testing is a 'complete and total joke'

Comment Facebook's Open Compute Project testing is sub-standard and doesn't follow well-established industry procedures, according to The Register's sources. The Open Compute Project (OCP) was formed in 2011 and involves the Facebook-initiated design of bare-bones computer equipment that can supposedly be built, installed and operated …
Chris Mellor, 07 Jul 2015
management regulation2

Ex-Goldman Sachs programmer's code theft conviction overturned AGAIN

Sergey Aleynikov, the former Goldman Sachs programmer who was charged with stealing code from the firm's high-frequency trading software, has had his conviction overturned a second time. Justice Daniel Conviser of the New York State Supreme Court in Manhattan tossed out the conviction in a ruling on Monday, The New York Times …
Neil McAllister, 06 Jul 2015
Docker CTO Solomon Hykes

Inside the Open Container Project: Docker sings kumbaya

DockerCon 2015 For a while, it looked as though software containers were heading for the kind of standards squabble that has plagued the tech industry too often in its history. On the one hand, Docker – the plucky startup that's almost singlehandedly responsible for the recent explosion of interest in containers in the Linux world – had …
Neil McAllister, 22 Jun 2015

Tech giants gang up on Obama over encryption key demands

A pair of technology industry pressure groups have sent a letter to President Obama asking his administration to back off demands that companies give government agencies the ability to decrypt all user data. In the letter [PDF], the Information Technology Industry Council (ITIC) and the Software and Information Industry …
Shaun Nichols, 10 Jun 2015
Concorde. Pic: Dean Morley

Les unsporting gits! French spies BUGGED Concorde passengers

Infosec 2015 The Edward Snowden leaks might imply that electronic espionage is a relatively new innovation but an under-publicised story from the supersonic age bursts that myth, as well as highlighting the French as a major power in activities these days more closely associated with China and the US. Ed Wallace, director of incident …
John Leyden, 09 Jun 2015
Old Trafford football stadium Photo PeeJay2K3

Don’t want a footie-field-size data centre? No problem (or is there?)

Open Compute has generally been a playground for super-large, cloud-scale service providers to play in. Unless you’ve got a data centre the size of a footy field, the general consensus has been that it isn’t for the likes of you. As it gradually gains traction among non-cloud service providers, though, there’s a question to …
Danny Bradbury, 12 May 2015
Container meltdown

Docker vs the container world: Techies rally around CoreOS-led spec

CoreOS Fest There was an elephant in the room at the inaugural CoreOS Fest in San Francisco this week, although like most such purported pachyderms it took a while before anyone would mention it. It was only when Twitter engineer Charles Aylward began fumbling over a tortuous description of "this other, well-known container system" that …
Neil McAllister, 05 May 2015
Kano computer kit

Pi based kid-nerdifier Kano buried under freak cash avalanche

Educational hardware startup Kano announced on Monday that it had raised $15m from a Series A funding pot. Brit economist and one-time Goldman Sachs asset management chairman Jim O'Neill was among the backers piling greenbacks onto the outfit. Kano, whose computer is powered by the Raspberry Pi 2 and retails at $149 (£119.99), …
Team Register, 05 May 2015
The Valley - code

Ex-Goldman Sachs programmer found guilty of code theft … again

An ex-Goldman Sachs programmer has for the second time been found guilty of stealing code from the vampiric financial giant. A New York jury found Sergey Aleynikov guilty on one count of data theft. He faces as much as four years behind bars. Aleynikov was arrested in 2009 after leaving Goldman for another company with a copy …
Shaun Nichols, 02 May 2015
Spotify

Goldman Sachs gives Spotify its mixtape. And by mixtape, we mean a suitcase with $350m in it

Spotify has reportedly raised $350m in a new round of funding that puts an $8bn valuation on the Swedish company. The bulk of the money, according to CNBC citing "people familiar with the matter," came from clients of Goldman Sachs; the financial giant was hired to find sugar daddies for the website. The valuation puts the music …
Kieren McCarthy, 01 May 2015
Google faces antitrust charges in the European Union

Google officially doubles EU lobbying – but true figure is surely higher

Google doubled its EU lobbying efforts last year – but the real figure is likely to be much higher than it has declared, as it doesn’t include money spent on ongoing disputes. The Californian data slurper and hoarder overtook [paywall] Goldman Sachs as the biggest lobbyist in the US last year and is the biggest Federal …
Andrew Orlowski, 29 Apr 2015
Paul Winchell and dummy

EU’s Timmermans: You can have our ear, lobbyists – just don't lie

Lying lobbyists will be kicked out of the EU Commission, vowed veep Frans Timmermans, who has been promising to create a mandatory lobby register since he took office. However, the final plan is not the legally binding requirement many would like, but rather a “gentleman’s agreement” between the Commission and the European …
Jennifer Baker, 24 Apr 2015
Bloody Serial Killer Shower Curtain

Bloodied SanDisk preps for job cuts after market reading mis-steps

Comment SanDisk said its Q1 numbers were going to be bad, and bad they were, with revenue and profits drops due to an embedded component material screw-up and execs not seeing where the market was going. Job cuts are coming. What’s happened is that SanDisk fell short in the enterprise market, mis-read trends, and then discovered it …
Chris Mellor, 16 Apr 2015

Docker preps on-prem container store, hungry investors give it the D

Linux container-wrangling outfit Docker, flush with cash from a fresh round of funding, says it will release its first commercial product to general availability this quarter. The software, an on-premises version of the firm's hosted container repository called Docker Hub Enterprise (DHE), was launched as a private beta …
Neil McAllister, 14 Apr 2015
tumbling dice

Pure Storage preps for IPO: report

Pure Storage has appointed Morgan Stanley, Goldman Sachs and Barclays Plc to ready it for an initial public offering (IPO), says Reuters. Citing people familiar with the financial footling as its source, the newswire says the company thinks the markets will toss over US$3bn in its direction some time later this year. Pure …
Simon Sharwood, 07 Apr 2015
hands waving dollar bills in the air

Managed services biz Claranet adds £107m to war chest

Acquisition-hungry European managed services provider Claranet has drummed up £107m in a refinancing deal. Charles Nasser, Claranet Group founder and CEO, said: “Our financing now extends to 2020 and achieves greater flexibility for us as we plan for further growth and the development of our products and services." He added: " …
Kat Hall, 31 Mar 2015
FBcoldstoragearray

Convenience trumps 'open' in clouds and data centers

Comment Call it OpenStack. Call it Open Compute. Call it OpenAnything-you-want, but the reality is that the dominant cloud today is Amazon Web Services, with Microsoft Azure an increasingly potent runner-up. Both decidedly closed. Not that cloud-hungry companies care. While OpenStack parades a banner of “no lock in!” and Open Compute …
Matt Asay, 17 Mar 2015
Uber surge pricing during Sydney seige

Cab for Callinicos! Uber's CFO moves on after just two years

Brent Callinicos is to step down as CFO of Uber after two years at the ride-sharing company in order to spend more time with his family. In an email published by the WSJ, CEO Travis Kalanick offered a laudatory eulogy dressed up as a HR memo for investors: "Almost two years ago, I brought on one of the great financial …
BlackBerry and Android, together at last

Droidberry dangles: Why the BlackBerry-Samsung alliance is big potatoes

Analysis There’s something about BlackBerry that even its biggest fans can forget. BlackBerry has never been a phone company – it has always been a network company. For over thirty years, BlackBerry has done clever things to and with networks. It brought efficient data management, security and intelligence to mobile packet networks – …
Andrew Orlowski, 13 Mar 2015
Apple Mac Mini late 2014

What a hang-up: AT&T dumped from Dow index, Apple installed

Apple will boot giant telco AT&T off the oldest and most famous stock market index later this month, the people running the Dow Jones Industrial Average announced this morning. The change will come into effect on the morning of Thursday March 19 and is timed to coincide with a stock split by Visa, one of the other 29 companies …
Kieren McCarthy, 06 Mar 2015
Google UK office logos

Google wins fight to keep Adwords FBI drug sting docs secret

Special Report Google has won a crucial battle in its campaign to keep under wraps millions of documents relating to an FBI drugs probe into the company. And the web giant has done so using a law designed to combat porn sites. At least 20 US states, led by Mississippi’s elected state prosecutor, opened a probe to find out whether Google was …
Andrew Orlowski, 06 Mar 2015

Apple Watch 'didn't work on HAIRY FANBOIS, was stripped of sensor tech'

Apple has scrapped certain health-monitoring technologies from its upcoming Watch, it's reported, following problems with sensors and regulations. Some of the features are too complicated, while others would have prompted unwanted attention from watchdogs, it's reported. We're told the Watch has failed to meet Cupertino's strict …
Kat Hall, 17 Feb 2015
Obama

An NSA spy, a Fed and a sysadmin walk into a bar – that's Prez Obama's new cyber-security order

President Barack Obama has signed an executive order that will attempt to protect America's crucial computer networks by sharing knowhow between g-men and techies. The new order instructs federal agencies to set up a clearing house of real-time, up-to-the-minute information on what's menacing US infrastructure. Companies running …
Iain Thomson, 13 Feb 2015
FBI badge and gun

Accused Goldman Sachs code pilferer sues FBI for 'wrongful arrest'

A former programmer for banking firm Goldman Sachs who has been accused of stealing company secrets has filed suit against the FBI agents who arrested him for allegedly violating his constitutional rights. Sergey Aleynikov, 45, has been battling it out in the courts ever since his 2009 arrest on charges that he absconded with …
Neil McAllister, 13 Feb 2015
French fries

AMD stops shipping chips as bloated channel begs 'Please, no more'

Beleaguered chip underdog AMD is not shipping any new gear to channels this quarter as it bites the bullet to clear existing stock swilling around the industry, estimated to have been in excess of $100m. A combination of bad forecasting, sliding PC demand and weak supply chain controls led to the inventory nightmare, and channel …
Paul Kunert, 12 Feb 2015
Tim Cook

Sitting on one's ARSE is the new CANCER, says Tim Cook - and an Apple watch will save you

Apple CEO Tim Cook has shared a range of different thoughts and announcements in his keynote address to a Goldman Sachs conference today. During this event he was interviewed by the firm's president, Gary Cohn, who almost drooled as he listed Apple's last financial results. He notified Cook that during his speech, Apple had …
Iain Thomson, 10 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
Shot of D-Wave's 16 qubit chip

Quantum of Suspicion: Despite another $29m, D-Wave doubts remain

Controversial quantum computing venture D-Wave Systems has scooped $29m in lovely fresh cash, courtesy of investors, despite lingering doubts about whether what it offers can be considered "quantum". This is D-Wave’s tenth round of funding from 14 investors, bringing total investments to fairly hefty $174m. D-Wave didn’t …
Gavin Clarke, 30 Jan 2015
Close-up of a YouTube logo as viewed on a computer screen in close up...

'YOUTUBE is EVIL': Somebody had a tape running, Google...

Analysis It's not often a $450bn multinational is humbled by a single classical musician with a tape recorder. Yet that seems to be what happened this weekend. Google spends billions on marketing, paying lobbyists and buying influence. It funds over 150 organisations and overtook Goldman Sachs last year as the biggest corporate …
Andrew Orlowski, 29 Jan 2015

Hungry UK IT biz, VC firm to swallow former Ericsson arm Damovo – sources

Privately owned Daisy Group is very close to making the British arm of comms integrator Damovo its 47th conquest, sources are telling us. Lancashire-based Daisy pulled its shares off AIM last week and will next month take delivery of a new chief exec in the shape of outgoing Computacenter UK managing director Neil Muller. A " …
Paul Kunert, 28 Jan 2015
Money

Why so tax-shy, big tech firms? – Bank of England governor

The governor of the Bank of England, Mark Carney, has singled out technology companies as being among the worst offenders for tax avoidance. Speaking at a panel session at the World Economic Forum Annual Meeting in Davos, Carney said: "It should be recognised that some of the biggest firms to take the most advantage of …
Kat Hall, 23 Jan 2015