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Articles about Goldman Sachs

burning money

Azzurri backers write off MILLIONS in debts - AGAIN

Investment banks backing voice and data comms biz Azzurri have agreed to write off three quarters - £78m - of debts owed to them by the integrator in a bid to clean up its balance sheet and gear up for expansion. This leaves Azzurri owing £45m (£25m interest bearing) to the seven-strong financial syndicate, which includes …
Paul Kunert, 10 Oct 2013
The Register breaking news

Verizon CFO: 'Unlimited' data is just a word

Verizon Chief Financial Officer Fran Shammo has told analysts that "unlimited" when used to describe data is "just a word" and the idea of an open pipe is heading to extinction. "What customers are understanding and through our good sales routine is once you explain to a customer their usage on a monthly basis, unlimited is just …
Iain Thomson, 21 Sep 2012
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
Communist hammer and sickle

Big tech firms holding wages down? Marx was right all along, I tell ya!

We should have more Marxist analysis of the tech business. So here is some, looking at the manner in which the major firms of Silicon Valley are being accused of perpetrating monopoly capitalism upon the rest of us. The full story in all its tedious detail is over at Pando Daily*, but the basic allegation (and yes, it is all …
Tim Worstall, 29 Jan 2014

While the BBC drools over Twitter, look what UK's up to: Hospital superbug breakthrough

The BBC has gone Twitter-crazy this week, with every pre-IPO twitch reported in the top-of-the-hour bulletins. But when you peek beneath the hype, it's not the wonder-fest you might think. Twitter "changed the world, hashtag-by-hashtag" gushes the website. "Could we hatch a British Twitter?" asks Rory Cellan-Jones. Short of Lord …
Andrew Orlowski, 07 Nov 2013
The Register breaking news

Success for Einhorn: Judge blocks vote on Apple's Proposal 2

Hedge-fund manager David Einhorn has scored a technical victory in his fight to block Apple from amending its charter at next week's shareholder meeting. Earlier this month, Einhorn filed his legal suit with another investor, claiming that Apple was showing a "depression era" attitude to money by amassing a cash pile of $137bn …
Iain Thomson, 22 Feb 2013
The Register breaking news

Psssst: If you wanna be rich, make the next privacy Robocop app

Revelations of US spooks monitoring the internet have freaked out consumers so much that privacy protection software will be The Next Big Thing. That's according to antivirus firm AVG, which reckons the market for products that safeguard online freedoms will be huge. Siobhan MacDermott, chief policy officer at the company, said …
Jasper Hamill, 17 Jul 2013
channel

Thai flood ripples set to impact entire world PC market

The Thai floods have dampened Goldman Sachs outlook for global PC sales forcing it to downgrade forecasts for this quarter and next. The devastation to the disk drive industry, particularly WD and Toshiba, is starting to feed through into the supply chain with PC vendors already confirming price rises and warning of shortages in …
Paul Kunert, 10 Nov 2011
Tim Cook

Apple CEO Cook's investor-meeting reveal: 'Dog bites man'

One of the duties of a modern CEO is to offer as little detail as possible during investors' meetings, and Apple's headman Tim Cook has proved himself a Jedi master of snooze-inducing vapidity. Speaking at Apple's annual investors meeting on Wednesday at the company's Cupertino headquarters, Cook piled bromide upon cliché upon …
Rik Myslewski, 28 Feb 2013
For Sale sign detail

Microsoft's Android patent ransom to 'total $444m' next year

A report from the technology analysis team at Goldman Sachs estimates that Microsoft will suck up $444 million in Android royalties over the coming financial year. The group estimates that Microsoft will make between three and six dollars per device, after signing patent-protection deals with smartphone and tablet manufacturers …
Iain Thomson, 29 Sep 2011
Ciscoblood

Amazon, Facebook, Google give Cisco's switches the COLD shoulder

Networking giant Cisco lost around $10bn in market value last week as investors sold out in response to weak earnings and poor growth projections. Worse yet, some of its biggest customers – from Amazon and Google to social network giant Facebook – are implementing technologies that will allow them to reduce their dependence on …
Jack Clark, 18 Nov 2013
The Register breaking news

Microsoft! Bing! must! make! Yahoo! more! money! moans! Mayer!

Yahoo! chief exec Marissa Mayer has complained that cosying up to Microsoft to use its Bing search engine hasn't given her company the market share or money she was hoping for. Speaking at the Goldman Sachs Technology and Internet Conference in San Francisco - her first investor gathering appearance since she took over at Yahoo …

Microsoft CFO quits as quarterly results fail to sparkle

Microsoft has released its financial results for the third financial quarter of 2013 and the results make uncertain reading for CEO Steve Ballmer, who is also about to lose his chief financial officer Peter Klein. Redmond reported revenues of $20.49bn for the three months ended 31 March, up 17.2 per cent year-on-year, and …
Iain Thomson, 18 Apr 2013
The Register breaking news

Investors fight to buy secret special-offer Facebook equity

Goldman Sachs is to reportedly end soliciting interest in Facebook shares from wealthy investors later today. According to the Wall Street Journal, which cited people familiar with the situation, the brokerage has been inundated with orders of "several billion dollars" after the deal emerged over the weekend. Goldman Sachs …
Kelly Fiveash, 06 Jan 2011
The Register breaking news

Microsoft exec: No 'Plan B' despite mobile stumbles

Should Microsoft's tablet and phone efforts continue to inspire little interest among the buying public, don't expect a radical shift in strategy – according to one senior Redmond exec, the company has no "Plan B". "It's less 'Plan B' than how you execute on the current plan," CFO Peter Klein told investors at Goldman Sachs' …
Rik Myslewski, 15 Feb 2013
The Register breaking news

Facebook equity offer closed to US investors

Goldman Sachs now says it will only offer Facebook equity to investors outside the US as the firm is apparently worried about scrutiny from regulators. Goldman recently acquired a $450m stake in the still-private social-networking giant, and it began offering equity to clients willing to invest at least $2m. But as reported by …
Cade Metz, 17 Jan 2011
Big Switch Networks logo

Intel stuffs more dough down Big Switch Network's trousers

Intel has come in late in the Series B round of funding for SDN upstart Big Switch Networks, and has crammed another $6.5m into its pockets. Why? Simple: Chipzilla's Intel Capital venture arm knows that its parent company is counting on the switching business to help keep its Data Center and Connected Systems Group growing …
Game logo

Comet and Walmart battle for Game

Walmart and Comet have emerged as bidders for troubled high street games retailer Game. The US retail giant is rumoured to have offered 12p per share for the company, while Comet owner OpCapita is also believed to have expressed an interest in acquiring Game, MCV reports. Paying 12p a share would value Game at £40m. But no …
Caleb Cox, 15 Mar 2012
The Register breaking news

Microsoft CFO bullish in Windows convergence and comms plans

Microsoft’s CFO Peter Klein took to the stage at the Goldman Sachs Technology & Internet Conference on Wednesday to outline where Redmond is headed in the next 3 to 5 years – and it’s all going to be about cross-platform. “What we're trying to do is develop a complete set of experiences across all device types, be they TV, …
Iain Thomson, 16 Feb 2012
The Register breaking news

Bloomberg's bomb: How SEC shredded Facebook's pre-IPO claims

According to a recently publicised set of emails, US financial watchdog the Securities and Exchange Commission found that important claims made by Facebook were unsupportable and forced the company to disclose key weaknesses in its business plan before its 18 May IPO. The highlights are outlined in this lengthy report from …
Andrew Orlowski, 10 Oct 2012
The Register breaking news

Facebook fever prices social network at $70bn

Doomsayers who believe the Internet is looking like a bubble again will be out in force, following GSV Capital’s decision to tip $US6.6 million into Facebook. The dollar value is trivially small, but GVC is only buying 225,000 shares, putting a notional valuation of $US70bn on the social network site. Even that number is …
The Register breaking news

Facebook revenues 'hit $1.2 billion in nine months'

Facebook pulled in $1.2 billion in revenue over the first nine months of 2010, according to a report citing documents distributed by Goldman Sachs, which is offering Facebook equity to some of its wealthiest clients. Facebook's net income during the first nine months of 2010 reached $355 million, Reuters reports. Goldman values …
Cade Metz, 06 Jan 2011
The Register breaking news

Tesla Motors falls behind in Model S production, issues more shares

Quality control and supply issues have slowed down the production of Tesla's Model S sedan, as the firm tries to avoid the fate of Fisker's Karma. The company, owned by Tony Stark inspiration Elon Musk, said in a filing today that there was a hold-up in its assembly line that would hit its expected revenue this year. "To …
The Register breaking news

$50bn-valued Facebook goes public about going public

Facebook finally confirmed on Friday that it had indeed raised $1.5bn courtesy of brokerage Goldman Sachs and Russian investor Digital Sky Technologies. Reports that the Mark Zuckerberg-run social networking website had been valued at $50bn – that’s almost as much as dominant UK retail monster Tesco ($54bn) – surfaced earlier …
Kelly Fiveash, 24 Jan 2011

Big Switch Networks stuffs $25m more down its trousers

Quasi-stealth virtual networking startup Big Switch Networks has bagged its second pile of cash from venture capitalists, who hope to rake in the big bucks from the software-defined networks (SDN) craze – particularly after they missed the money train that was Nicira, which server-virtualization juggernaut VMware shelled out $1. …
The Register breaking news

Merry Christmas, Stratfor

While L-tryptophanics were tucking in on Christmas day, private intelligence group Stratfor Global Intelligence was watching its reputation dissipate after online attackers copied e-mails and client lists. On Christmas Eve, the attackers announced that they had broken into Stratfor’s systems and obtained access to 200 GB of e- …
The Register breaking news

Facebook IPO plunge sparks tidal wave of lawsuits

Investors in Facebook's IPO are not taking the stock's drubbing lying down and have launched lawsuits against the social network, its underwriters and NASDAQ, while regulators probe the way the debut was handled. Investor Darryl Lazar has filed a class action suit against Facebook, Mark Zuckerberg, the network's early backers …
The Register breaking news

Facebook set to file motion: Will blame NASDAQ for IPOcalpyse

Facebook is planning to file a motion in the US to consolidate all its shareholder lawsuits and blame the NASDAQ stock market for its disappointing IPO. The social network is finally planning to address the 30 or so lawsuits that have been filed against it after the botched handling of its stocks' opening day and their horrible …
The Register breaking news

Programmer gets 8 years for theft of stock trading software

A former Goldman Sachs software developer has been sentenced to eight years in prison for stealing proprietary code used in the firm's high-speed trading platform. Sergey Aleynikov worked at Goldman from 2007 to 2009 and was a programmer responsible for the firm's high-frequency trading software, which has generated more than $ …
Dan Goodin, 18 Mar 2011
The Register breaking news

Yandex seeks kopeks in Nasdaq IPO

Yandex, the search engine that claims 64 percent of the market in Russia, is seeking as much as US$1 billion in an IPO put together by Deutsche Bank, Morgan Stanley and Goldman Sachs*. According to Reuters, new shares will be issued by Yandex’s parent company, and its existing owners will cash out some of their shares. The …
The Register breaking news

Facebook sells equity: Reportedly valued same as Tesco

Cash-loaded Goldman Sachs clients with more than $2m to wave around were told over the weekend that they would soon have the opportunity to invest in Facebook. According to a report in the New York Times, the brokerage plans to offer its clients up to $1.5bn in Facebook Inc equity. Goldman Sachs said in an email to would-be …
Kelly Fiveash, 04 Jan 2011
Ruckus president and CEO, Selina Lo

Evil plot to control souls via Wi-Fi thwarted

US Wi-Fi vendor Ruckus Wireless has "apologised" for an evangelical ad campaign, branded ‘Believe’, in which a God-fearing preacher promises "WiFi you can put your faith in" and "the chance to connect to a greater power." Objectors have taken to YouTube with responses to the ad campaign which suggest “it is absolutely clear that …
The Register breaking news

Facebook tagged with $60bn valuation

Facebook is considering allowing its staff to sell up to $1bn of their shares to institutional investors, after the company got slapped with a $60bn valuation. According to All Things Digital, which cites sources close to the situation, Facebook's estimated valuation rocketed another $10bn yesterday. Brokerage Goldman Sachs had …
Kelly Fiveash, 11 Feb 2011
The Register breaking news

Skype gets ready to float

Best-known VoIP provider Skype has filed documents with the Securities and Exchange Commission to allow it to make an initial public offering of its shares. The IPO remains a bit of a mystery - the number of shares on offer and the price range have not been revealed. In 2009 eBay said Skpe was worth $2bn - which sounds like a …
John Oates, 09 Aug 2010
The Register breaking news

Wikileaks regains relevance with Stratfor doc-drop

Wikileaks has announced a massive document dump of e-mails obtained from Stratfor, which it says demonstrates widespread corruption and even insider trading. As with its last major document release – the “diplomatic cables” – the organization is working with major press organisations to drip-feed the documents to the public. The …
The Register breaking news

Eurozone crisis hits pay TV: Punters pick broadband over telly

As Norway's GET cable company puts up a "for sale" sign, it demonstrates that the pay TV scene in Europe is starting to realise a home truth – and it may take something as big as the Eurozone crisis to prove it – that pay TV is NOT as resilient as broadband, which continues to grow in the Eurozone. You cannot apply for a job …
Faultline, 15 Jul 2012
Broken CD with wrench

HP welcomes activist investor onto board

HP has found a seat on the board for activist stakeholder Ralph Whitworth, co-founder at Relational Investors which should buy his silence - in public at least - for a couple of years while CEO Meg Whitman steadies the ship. Relational bought 17.3 million HP shares or 0.9 per cent of the total stock in August following Apotheker …
Paul Kunert, 18 Nov 2011
The Register breaking news

CEO Tim Cook: Apple retail stores are 'like Prozac' to me

This was the week when some of the titans of tech hung out at Goldman Sachs Technology and Internet conference talking about their problems. First up was Tim Cook, who was pooh-poohing a lawsuit filed by Greenlight Capital hedge-fund honcho David Einhorn. The suit is attempting to stop Apple from amending its charter to …
The Register breaking news

Obama's new cyber-security tactics finger corrupt staff, China

The White House has unveiled a fresh strategy for combating the theft of American trade secrets - days after a high-profile Chinese cyber-espionage campaign against US corporate giants was exposed. The strategy, outlined in a 141-page report [PDF] published on Wednesday, focuses on a five-part plan featuring diplomatic efforts, …
John Leyden, 21 Feb 2013
The Register breaking news

Hackers expose Citibank CEO's privates

Hacktivists have published a dossier of personal information on the head of Citigroup in retaliation for the cuffing of protesters at an Occupy Wall Street demo. Members of a group called CabinCr3w, a hacking gang affiliated with Anonymous, revealed phone numbers, an address, email address and financial information on Vikram …
John Leyden, 18 Oct 2011
The Register breaking news

Hulu still flirting with suitors despite Yahoo! pull out

Yahoo! is believed to have pulled out of negotiations to acquire Hulu, leaving Dish, Google and Amazon all still vying for the asset. The Wall Street Journal reports that Hulu's powerhouse owners are still mulling over the merits of selling. Hulu is owned by News, Walt Disney, Comcast/NBCUniversal and private equity firm …
The Playmobil bank set, complete with armed robber

How City IT is under attack from politicians, diesel bugs, HR

The stupidest thing I’ve ever said was “if it was a jet, the tower would have collapsed” on September 11th and I feel the same about RBS. As I pass it most days, part of me expects to see crowds outside, perhaps including the police and TV camera crews, because I can’t understand why it still functions. The Reg has covered in …
Dominic Connor, 27 Jun 2013
The Register breaking news

Facebook preps for public showtime with $100bn price tag

It's difficult not to mention Google in the same breath as Facebook these days – and that's especially true when one considers the initial public offering the dominant social network is reportedly planning later this week. According to Bloomberg, which cites two anonymous sources familiar with the plans, Facebook's much- …
Kelly Fiveash, 30 Jan 2012
Road to SW-defined storage

Cloudfather Tucci meets with EMC clan, analysts to talk strategy

EMC and VMware held their so-called Strategic Forum - aka analysts' day - in New York yesterday with capo di Famiglia Joe Tucci setting out the overall stall and his lieutenants setting out their own strategic imperatives. We saw David Goulden for EMC - now called EMC II - and Pat Gelsinger for the cloud and software-defined- …
Chris Mellor, 18 Mar 2013
channel

Floods really will bring armageddon in 2012, insist resellers

PC shortages are affecting the UK earlier than expected but the rapid swing from inventory overload to relative hardware famine has led to some customers dismissing resellers' warnings as sales opportunism. The channel has been awash with stock all year as consumer demand fell off a cliff. However PC makers forecast shortages …
Paul Kunert, 21 Nov 2011
The Register breaking news

Nokia to sell off luxury phone brand

Nokia is planning to sell off Vertu, its wholly-owned luxury-phone brand, which sells basic mobile phones with classy cases to the overpaid. The FT reports the news, which Nokia hasn't yet confirmed, but the paper reckons Goldman Sachs has been appointed to oversee the sell-off, which is likely to see the UK-based Vertu put into …
Bill Ray, 08 Dec 2011
Obama with samurai sword and in James Bond pose with pistol

Too small to fail: Obama signs Nontrepreneurs Act

A new Act just signed into law by President Obama that relaxes accountability requirements for internet startups has been called a 'licence for fraud'. The Jumpstart Our Business Startups Act (JOBS) Act (HR.3606) is backed by AOL co-founder Steve Case (himself no stranger to fraud allegations) and other titans of Silicon Valley …
Andrew Orlowski, 11 Apr 2012
The Register breaking news

Limping MySpace to offload half of workforce

MySpace employees are bracing themselves for huge job cuts, which are reportedly expected to be announced at the struggling News Corp-owned website later today. According to the Financial Times, MySpace has already laid off some of its staff. A cull of around 500 workers, around half of the company's global workforce, is …
Kelly Fiveash, 11 Jan 2011
graph up

IT buyers will keep purses shut till New Year

IT spending will likely return to growth next year, although it will be modest - about four per cent worldwide for the whole year. This will be partly driven by pent-up demand - purchases and upgrades which have been delayed by recession fears this year. The survey, from Goldman Sachs, found businesses expecting to increase …
John Oates, 26 Nov 2009