Articles about Investment Bank


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
JP Morgan HQ at Canary Wharf

IT executive at JP Morgan dies in fall from bank's London HQ

A man who died in a fall from JP Morgan's headquarters in London yesterday has been named as Gabriel Magee, a senior IT programmer at the firm. The 39-year-old American had worked for the investment bank for ten years in both New York and London and was vice president in CIB Technology at the time of his death. "We are deeply …
Team Register, 29 Jan 2014
Android icon desktop toys

Bank: Without software mojo, Android OEMs are doomed to 'implode'

Analysis You’ve heard that “when Wall Street sneezes, the world catches cold"*, and there are dozens of variations. But perhaps the line needs to be brought up to date. When a large technology platform company dozes off, companies that rely on it for innovation feel the chill – and the chill can be fatal. Ten days ago, investment bank …
Andrew Orlowski, 01 Jun 2015

Mega UK reseller Kelway bags investment banker for matchmaking service

Kelway has appointed global investment banker William Blair to seek a way forward for the business, which in all likelihood appears to involve hauling in a new private equity backer. As The Channel previously noted, Kelway has swelled to a £500m sales biz, which appears to restrict potential trade buyers in UK reseller land to …
Paul Kunert, 27 Jan 2014

Comparex: Just two buyers left in sales negotiations

Microsoft reseller titan Comparex has whittled down its list of prospective buyers to just two, The Channel can reveal. A sales process for the pan-regional reseller began some months ago with investment bank Jefferies sending out a commercial prospectus or Information Memorandum. Sources in the investment community told us …
Paul Kunert, 18 Sep 2015
Stock market. Pic: Alberto Carrasco Casado

Softcat hires Domino’s Pizza man as NED ahead of IPO

Softcat has hired former Domino’s Pizza beanie Lee Ginsberg as non-exec director ahead of its long awaited flotation on the London Stock Exchange. The Marlow-based biz is tipped to list next month with a valuation estimated to be between £400m to £500m, the first time a local reseller has floated in years. Credit Suisse was …
Paul Kunert, 09 Oct 2015
Stock market. Pic: Alberto Carrasco Casado

It's all go for Softcat's £500m IPO, Credit Suisse, Jefferies hired

Tech reselling steamroller Softcat is edging ever closer to flotation on the London Stock Exchange after appointing brokers to manage the process, insiders have told El Chan. The fast growing Marlow-based business, which is expected to be valued at between £400m to £500, has hired Credit Suisse and investment bank Jefferies …
Paul Kunert, 26 Aug 2015
Boy slurps watermelon. Credit: Shutterstock

The great silicon slurp of 2015 continues: Atmel next on the shopping block

Another instalment in this year's consolidation in the silicon market appears to be on the cards, with reports emerging that microcontroller outfit Atmel is looking for a buyer. As Reuters reports, the company's CEO, Steve Laub, is due to retire at the end of August, something that may have sparked the decision to seek …
Bitcoin bloodbath

Bitcoin trade biz MyCoin goes dark, investors fear $387 MEEELLION lost

Investors fear they may be $387m (£254m) in the red after a Hong Kong Bitcoin biz fell silent. The investment and trading website MyCoin reportedly closed its Kowloon offices a few weeks ago, and the company has not yet responded to inquiries from The Reg and other publications. According to the South China Morning Post, MyCoin …
Shaun Nichols, 10 Feb 2015

It's the white heat of the tech revolution, again!

Worstall on Wednesday It's more normally Mr Orlowski around here shouting that Mariana Mazzucato is a poopyhead, but given that she's just been appointed to Corbyn's economic advisory team, perhaps it's time to add to the chorus? For Mazzucato is, as we all know, the economics professor who insists that actually government really invented the …
Tim Worstall, 30 Sep 2015

Android gaming platform Ouya is down to its last life

The low-cost Android gaming startup Ouya is on the brink of collapse and wants a buyer, fast. According to Fortune, the company tripped a debt covenant and hopes for expressions of interest by the end of April. Originally kick-started to the tune of US$8.6 million, the company caused buzz with its play-your-Android-games-on-TV …

US reseller titan buys minority stake in Kelway MBO – sources

Exclusive One of the largest US resellers, CDW, has crossed the Atlantic to take a minority stake in mid-market focused tech supplier Kelway, The Channel can reveal. OOPS! The sales process began in earnest back in January when Kelway appointed US investment bank William Blair to put together a 97-page Information Memorandum and oversee …
Paul Kunert, 06 Nov 2014

Brit data centre biz Pulsant sold to private equity house

The ownership of mid-market co-lo player Pulsant has changed hands, with private equity house BDC Capital selling up to Oak Hill Capital Partners for an undisclosed sum. As revealed last month, BDC enlisted investment bank Jeffries to advise on a sale and seek interested buyers, more than three-and-a-half years after it snapped …
Paul Kunert, 17 Jun 2014

Apple's GOLDEN BLING MOBE still the top selling US handset

Apple's blinged-up iPhone 5s is still the top selling phone in America, new stats have revealed. According to data released by analysts at the investment bank Canaccord Genuity, the 5s is the most in demand phone among customers at the top four wireless carriers for the third month in a row. Stats show the iPhone 5s is the top …
Jasper Hamill, 13 Dec 2013
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

Malware menaces poison ads as Google, Yahoo! look away

Feature Online advertising has become an increasingly potent threat to end-user security on the internet. More hackers than ever are targeting the internet's money engine, using it as a powerful attack vector to hide exploits and compromise huge numbers of victims. Malvertising, as poisoned ads are known, is as deadly as it is diverse …
Darren Pauli, 27 Aug 2015
Angus Highland cow

Wearable tech for HORNY COWS: Biz slurps £3m for bovine arousal detectors

A firm which designs wearable tech for cows is celebrating after raising more than £3m to help fund its global expansion. Silent Herdsman has been handed the golden bull by a group of investors including Scottish Equity Partners, Albion Ventures and the Scottish Investment Bank. Its technology uses a "decision-support platform …
Jasper Hamill, 24 Mar 2014

Outsourcer Atos outsources hardware, data centre refresh

Outsourcing monster Atos has thrown out the overhaul of its own tech infrastructure to Kelway in a five-year deal valued at £150m in total. The London-based reseller giant will refresh the desktop and data centre hardware estates at Atos' managed services biz in the UK and Ireland, and provide associated services. The contract …
Paul Kunert, 17 Mar 2014
Apple Store Scottsdale

Reports pump fuel into iCar gossip: Apple in 'talks' with Tesla

Apple and Tesla reportedly met to discuss a deal that could clear the way for a Cupertino-designed iCar. The San Francisco Chronicle suggested that Apple and Tesla met last year to discuss a possible link-up. Citing an unnamed source, it claimed Apple's merger and acquisitions chief, Adrian Perica, met with Tesla CEO Elon Musk …
Jasper Hamill, 17 Feb 2014
The Register breaking news

Investment bank sues Infinium

Phantom console maker Infinium Labs has been accused of fraud and breach of contract by investment bank SBI-USA - a claim it is backing with legal action against the videogame company. Infinium immediately blasted SBI-USA's allegations as "frivolous, without merit and intended to interfere with Infinium's business and …
Tony Smith, 02 Dec 2004

Wall Street woes: Oh noes, tech titans aren't using bankers

Worstall on Wednesday There was much astonishment over at the New York Times as it explained that the big Silicon Valley tech firms, the Googles, Apples, Facebooks, aren't using the traditional services of the Wall Street bankers as they make their acquisitions. There are a number of reasons for this. As to whether this is all a good idea or not, …
Tim Worstall, 20 Aug 2014
The Register breaking news

Linux not behind investment bank open source shindig

About a week ago, we wrote about plans by Dresdner Kleinwort Wasserstein, the German investment bank, to release its Openadaptor software to the open source community. It seems that we, along with a lot of other publications, got the wrong end of the stick. In the first report we said it was based on Linux, Apache and a bunch …
Lucy Sherriff, 07 Feb 2001

Summer of data centre acquisitions on the cards in the UK

The business climate for acquisitions is mirroring the hotter weather outside, with a sales process for data centre providers Pulsant and VTesse Networks taking shape, multiple sources are telling us. Investment bank Jeffries has distributed an Information Memorandum for co-location player Pulsant, with private equity owner …
Paul Kunert, 20 May 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
The Register breaking news

Brit online property bazaar Zoopla ponders BILLION-pound flotation

British online property portal Zoopla is reportedly considering a stock market listing that could value it at £1.3bn. The UK's second-biggest property search website by page views is looking for new ways to compete with its main rival, Rightmove, and has appointed investment bank Credit Suisse to help it assess its strategy. " …
Downing Street road sign

Cable offers to shower UK biz in taxpayer gold to stimulate growth

Blighty's Business Secretary Vince Cable pulled back the curtains on his new biz investment bank this morning. While outlining plans for the state-backed pile 'o public cash, which would provide capital to companies, the Liberal Democrat minister efforts so far to kickstart the economy were laissez-faire - and said his bank …
Anna Leach, 11 Sep 2012
Dell logo in crosshairs

Investor Icahn needs a loan of $7bn to tick off Mike Dell

Activist investor Carl Icahn will need as much as $7bn to carry off his plan to pull Dell out from under Mike Dell's nose, banking sources have said. The shareholder and his partner Southeastern Asset Management (SAM) have started talks with banks and financial firms to get bridge loans of up to $7bn for their plan to plough …

Apple's new iPhones dope-slap Samsung in US

More data has surfaced that indicates Apple's new smartphones are humbling Samsung's Galaxy S 4 in the US. According to a sales survey conducted by the investment bank Canaccord Genuity, the iPhone 5s outsold the Galaxy 4 S at the US's four major carriers – AT&T, Verizon, Sprint, and T-Mobile – in September, and the 5c is …
Rik Myslewski, 07 Oct 2013
The Register breaking news

Baratz swaps place in the Sun for investment bank

Alan Baratz, who two months ago was appointed president of Sun's software division, is leaving to go to Warburg Pincus & Co, the private investment bankers, in mid-August where he will be managing director of an affiliate. Ed Zander, Sun's president and COO said that Jon Kannegaard will assume Baritz' role on an acting basis, …
Graham Lea, 05 Aug 1999

Rigby dynasty to retain control at SCC - 'no IPO for us'

SCC CEO James Rigby plans to pass the privately owned biz to the next generation of the clan rather than co-crafting a retirement plan with his brother based on a flotation or trade sale. The Rigby dynasty's Midlands empire, which includes service-based reseller SCC at its heart, sold distie wing SDG to Tech Data in 2012 for $ …
Paul Kunert, 18 Feb 2014
The Register breaking news

419 scam 'bank' bites the dust

Sadly, the United Mercantile Credit & Investment Bank (UMCIB) - an online front for a UK-based 419 advance fee fraud gang - has shut up shop. Following our investigation last week - Anatomy of a 419 scam - which chronicled how the scammers had taken a US citzen for $1,000 using a combination of email, telephone calls and their …
Lester Haines, 12 Jul 2004

Barclays Capital cuts IT contractor rates by 10% ... again

Exclusive Barclays Capital has told IT contractors and temp staff that they have to accept a 10 per cent cut in their rates. The investment banking division of Barclays Bank told their temporary workers that the cut would come into effect on 5 December and they had until 11 November to let it know if they did not wish to accept the new …
Dell logo in crosshairs

Wannabe Dell owner Icahn's buyout blueprint blasted by board bods

Dell's special task force - set up to oversee the sale of the tech titan to private hands - has claimed wannabe owner Carl Icahn still hasn't shown them the colour of his money. The team said there had been "no financing nor any commitment" from the activist shareholder and his pals to buy the PC and server giant outright. This …
Paul Kunert, 20 Jun 2013
Beached whale

Beached whale Symantec watches revenues recede 7%

Symantec’s latest results show that you can wring more profit out of declining revenues by slashing costs but its not enough to bring you back to growth. Revenues in its fourth fiscal quarter of 2014 ended 28 March were $1.63bn, seven per cent down year-on-year, but net profit jumped 14 per cent to $217m. The full year numbers …
Chris Mellor, 09 May 2014
neelie kroes

Multi-billion Euro broadband fund obliterated by EU budget cut

A €9.2bn fund proposed by Brussels officials to help bring faster broadband to the 27 Member States by 2020 has been obliterated after the European Union agreed to a budget cut that was engineered by Brit Prime Minister David Cameron. It's a disaster for commissioner Neelie Kroes, whose digital agenda has been left in tatters …
Kelly Fiveash, 11 Feb 2013

NetApp boffins first to go in 'workforce decimation' plan

Storage array biz NetApp has laid off 300 people at a research and development centre in India and “hundreds” more in the US, according to industry sources. The Times of India reports that anonymous insiders at NetApp's Bangalore operation - which is the company's largest R&D facility outside of the US - have been given their …
Chris Mellor, 20 May 2013
The Register breaking news

Activists target bank's Web site in animal rights protest

Hacktivists have targeted the Web site of a US investment bank which saved a controversial drug testing company from liquidation with an attack designed to make its site unavailable. The Web site of investment bank Stephens, which provides finance for Huntingdon Life Sciences, was yesterday subject to an attempted "virtual sit- …
John Leyden, 28 Feb 2001
Dell logo in crosshairs

Icahn doubles down on Dell offer with $14 per share buyback scheme

With exactly a month to go before the special meeting of Dell shareholders that could decide the company's fate, investor Carl Icahn has increased the pressure for a better deal for shareholders – chiefly himself. In an open letter to Dell shareholders, Icahn said that he has now purchased 72 million shares of Dell stock from …
Iain Thomson, 19 Jun 2013

HTC torches forecasts as stock tsunami floods skint Europe

HTC has slashed its Q2 top and bottom line estimates as it clears the glut of stock in the supply chain and acknowledges weakened demand in Europe. The Taiwanese firm revealed revenues for the period are expected to be NT$91bn (£1.9bn) or some 13.3 per cent lower than the NT$105bn it forecast in April. Operating margin was also …
Paul Kunert, 07 Jun 2012

Nokia market share to fall below Samsung, Apple

Nokia has been knocked off the top of the smartphone totem pole by Samsung, Japanese investment bank Nomura said today. Worse, Apple will overtake the Finnish phone giant in Q3, the bank forecast, Reuters reports. Both Samsung and Apple already outsell Nokia in Europe, in the overall mobile market and the smartphone arena, …
Tony Smith, 13 Jun 2011
New Intel logos

Intel to boost chipset production, bank claims

Intel is set to stop shipping motherboards based on third-party chipsets, or at the very least significantly reduce its dependency on other companies' products, investment bank Friedman Billings, Ramsey Group (FBRG) has claimed. According to EETimes, the institution has downgraded ATI as a result. The graphics chips maker has …
Tony Smith, 11 Apr 2006
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
The Playmobil bank set, complete with armed robber

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

Comment 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

TurboLinux follows Intel's investment with VC cash

Linux distributor TurboLinux yesterday scored a $5.5 million investment from US venture capitalist August Capital, along with around $500,000 from investment bank Broadview. The deals follow Intel's investment in the company, made last week. TurboLinux (formerly known as Pacific HiTech) said it will use the cash injection to …
Tony Smith, 12 Oct 1999
The Register breaking news

UBS tells IT contractors: Take a 10% pay cut ... or 100%

UK contract IT staff at Swiss bank UBS have been given the choice of taking a 10 per cent pay cut or receiving four weeks' notice. UBS informed outsourced workers that due to the current economic climate, it had decided to reduce rates and those who did not want to accept the new rates would be let go, with some given less than …
iPad 2

Apple eyes set on Sharp IGZO tech for iPad 3 screen

Apple's iPad 3 may not be thicker than its predecessor after all, thanks to a smart display tech from screen partner Sharp. With the new tablet expected to sport a 2048 x 1536 display - double the pixel count in each axis compared to the current iPad's 1024 x 768 screen - a number of analysts and pundits predicted the iPad 3 …
Tony Smith, 24 Nov 2011
The Register breaking news

Calling all banks, insurers and IFAs - do you have an information gap?

Tech Panel We have a new study awaiting your input. It's specific to Financial Services, so if you don't have any involvement in that industry then we thank you, and you can skip this one. We'll be in touch again soon. If you do work in any part of the FS industry, we'd really appreciate your input.... We frequently hear statements like …
Team Register, 09 Nov 2011
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
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

Amazon, MS and Nokia sniff around RIM

Buyers including Amazon, Microsoft and Nokia have expressed some interest in hoovering up the remains of Research in Motion, as it reeled from one disaster to another this year. But the Canadian firm is determined to sort itself out, people with knowledge of the situation told Reuters. Etail giant Amazon hired an investment …