Articles about Goldman Sachs

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
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
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
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
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 …
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
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
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

Evil mining firms? Please. Obeying profit motive is KINDER to the environment

Worstall @ the Weekend Goldman Sachs has released a note to investors shouting that this is the end of the iron age. But it's not talking about how pointy bits on spears are now replaced by lead in bullets: rather, that the age when owning a mountain of iron ore was a route to easy billions is over. We don't need your I wouldn't normally bring such …
Tim Worstall, 14 Sep 2014
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 political …
Andrew Orlowski, 29 Jan 2015

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

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 …
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 …

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
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

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 …

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

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 …
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

T-Mobile US goes gaga for Wi-Fi calling, AT&T to launch in 2015

Now that Apple has announced Wi-Fi calling as one of the major new features of the iPhone 6 series, multiple mobile carriers are scrambling to support the tech, with AT&T announcing that it will offer it for the first time starting next year. T-Mobile in the US and EE in Europe were the two carriers mentioned when Apple …
Neil McAllister, 12 Sep 2014
Google UK office logos

Blind justice: Google lawsuit silences elected state prosecutor

Comment Google's success in "assassinating" a democratically-elected legal opponent last week raises troubling questions about corporate power and accountability. The feisty attorney for the USA's poorest state is now trying to make peace, after being on the receiving end of a highly unusual lawsuit from Google. Even if you will have no …
Andrew Orlowski, 23 Dec 2014

Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes

When it comes to soundbites, Oracle chief executive Larry Ellison is a pro. Reporters show up not just to hear what he says, but how he says it. Bill Gates, Microsoft, SAP, IBM, cloud, yachting, his own phenomenal success – all have been subject to Ellison's barbs and meditations. Scheduled or off-the-cuff, his words turned a …
Gavin Clarke, 22 Sep 2014
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
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
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
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
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

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
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
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
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
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

Pic special 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
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

Piketty-Poketty-Poo: Some people are JUST ITCHING to up tax to capital ...

Worstall @ the Weekend I'll cop to being a bear of little brain, for it can take me a long time to spot what should be obvious. And so it is with my taking so long to work out what's really going on with Capital in the Twenty-First Century author Thomas Piketty and all that wealth inequality stuff. I believe his book is essentially a political project …
Tim Worstall, 02 Nov 2014

Private equity crew prep CDW IPO after $7.3bn buyout - report

The private equity boys are preparing to flip US technology shop CDW back to the market, Reuters reports. CDW has hired bankers to deliver an IPO later this year, Reuters reports. The financial services firms are reported to be JPMorgan Chase & Co, Barclays and Goldman Sachs Group. The proposed IPO could raise about $750m, an …
Gavin Clarke, 08 Mar 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

iPrefs-seeking shareholder Einhorn drops Apple lawsuit

David Einhorn and his hedge fund Greenlight Capital have dropped their lawsuit against Apple. Einhorn had sued to block a vote at Apple's investor meeting, held this Wednesday, that would have forced a shareholder vote on the issuance of higher-dividend preferred shares. Einhorn is promoting the idea of that class of shares, …
Rik Myslewski, 01 Mar 2013
The Register breaking news

Apple: You thought Google dodged taxes? Get a load of THIS

Apple has embarked on one of the biggest bond offerings in history as part of a ploy to avoid tax. Cupertino will soon begin issuing bonds in what will be one of the biggest debt sales of all time, it announced today. The plan is part of a scheme to funnel cash back to investors over the next three years. After its stock price …
Jasper Hamill, 30 Apr 2013
The Register breaking news

Morgan Stanley cops $5m fine over Facebook IPOcalypse

Morgan Stanley has been fined $5m for allegedly coaching Facebook on how to selectively release its financial information before its market debut. The lead underwriter for Facebook's IPO has settled with the Massachusetts securities regulator, William Galvin, neither admitting or denying the allegations. The banks that …
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
management management4

Emulex execs in boardroom-chair-swap as investors circle

Emulex execs have performed a three-way exec and boardroom chair swap as activist investors look for ways to squeeze the company for a big payday. Board chairman Paul Folino reverts to being a director, CEO Jim McCluney becomes executive chairman, and president and chief operating officer Jeff Benck becomes CEO and president. …
Chris Mellor, 16 Jul 2013
Netflix

Netflix: OK, cable giants, who wants our PIPE stuffed in their BOX?

Streaming-media titan Netflix is reportedly looking to smooth relations with major US cable companies and convince them to make Netflix content available via next-generation TV set-top boxes. The company has been in talks with cable providers including Comcast and Suddenlink, the Wall Street Journal reports, citing anonymous …
Neil McAllister, 14 Oct 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