Articles about Goldman Sachs

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
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
Double Facepalm; when one facepalm is not enough.

Google BLOCKS access to Goldman client-leak email

Updated 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
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

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

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
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
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
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
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 …
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
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
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

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

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

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
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

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 program …
Neil McAllister, 14 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

EU breaks 'legally binding' lobbying register promise

Civil rights groups are claiming the EU Commission has already broken its promises on lobby and reporting transparency, with a framework for lobbyists containing no legally binding elements now set to be implemented. Following his confirmation hearing in October, Frans Timmermans, number two at the EC, vowed to create a …
Jennifer Baker, 22 Dec 2014
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
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
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 …
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 lobbying …
Andrew Orlowski, 29 Apr 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
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
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
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
Cloudian

Search engine guru sniffs cloud, makes it rain in Amazon jungle

Harmsel biz blog Though relatively unknown in the US and Europe, Cloudian – with its product HyperStore that allows enterprises and cloud service providers to build their own Amazon S3-compatible cloud – has 40 large customers worldwide including Vodafone, Nextel, NTT, SoftBank, Nifty, and Lunacloud. The firm claims HyperStore helps customers …
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 …
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 …
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
Apple iPhone 6

iPhone 6, Watch: Hate it or really hate it, Apple's now a $604.77bn biz

As Apple unveiled its iPhone 6 and "the Watch" on Tuesday, its stock price went on a rollercoaster ride to $102.92 a share, then plummeted to $96.71, and now – after just one day of trading – it has settled on $101. That means, on Wednesday, Apple closed trading up $3.01 on the start of the day, a gain of 3.07 per cent. It was …
Shaun Nichols, 11 Sep 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
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
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
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 …
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
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
TX4 Black Cab

Uber alles... nein! Deutschland imposes NATIONWIDE BAN on taxi app

Uber has been banned in Germany after a court in Frankfurt imposed a temporary injunction on the driving firm. Taxi Deutschland, a co-operative taxi industry group in the country, took Uber to court in Frankfurt claiming that the company is in violation of Germany’s passenger transport laws. According to a statement from the …