Articles about Investment Bank

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

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

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
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

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
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
Handshake

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
SOURCE: http://www.sxc.hu/photo/959469

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
euros_channel_money

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

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. " …
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

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
james_rigby_md_sch2

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
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 …
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
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
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
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
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
Netapp

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
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

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

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

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
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

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
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

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
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 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 …
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
burning money

Stroppy investor to Xyratex: Pah... research! Who spends money on THAT?

So that's why Xyratex management erected a poison pill defence against hostile take-over attempts. The company's largest shareholder, activist investor Baker Street, which owns 23 per cent of the common stock, wants board changes to correct Xyratex's "flawed" HPC and Big Data array strategy. Xyratex makes disk drive drawers for …
Chris Mellor, 14 Jan 2013
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
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
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

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 …
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
hands waving dollar bills in the air

Texas Memory Systems longs to seduce 'larger player'

Fancy spending splashing some cash to buy some flash? Then go to the Lone Star state, where Texas Memory Systems has put itself up for sale. Privately owned TMS has been operating for 33 years. It makes RamSan shared block-access flash memory arrays and has a PCIe flash card line under the RamSan brand as well. It recently …
Chris Mellor, 21 Dec 2011
Apple iPad 2

Only Samsung will challenge Apple's iPad in 2012

Apple's share of the tablet market may be heading downward, but it's still going to sell a shedload of fondleslabs next year. Most market watchers would express such a description of the table business if asked, but an analyst at Canaccord Genuity, an investment bank, has added some numbers to the picture. According to CG's …
Hard Reg, 08 Nov 2011

Oracle and SAP are Big Software, but for how long?

When Oracle announced disappointing third-quarter results in March 2013, executives at the company were quick to blame poor sales execution for a two per cent decline in new software licences and cloud software subscriptions. It wasn't a symptom, they insisted, of underlying problems with the company’s product portfolio - or …
The Register breaking news

No space @ MySpace

The fate of Rupert Murdoch’s distressed, (un)social network MySpace should be known within a fortnight according to global executives. The Australian office of MySpace has been wound down, with the bulk of staff shed late last year. News Digital Media is mooted to be in discussions to take on the online ad sales role for the …
The Register breaking news

Facebook, chums splash cash at social network wannabes

Facebook, Zynga and Amazon.com formed a pact with venture capital outfit Kleiner Perkins and a brace of media outlets yesterday, in a $250m effort to fund social media startups. The group, which also includes Comcast, Liberty Media and investment bank Allen & Co, has been dubbed “sFund”. It will cough up cash, legal help and …
Kelly Fiveash, 22 Oct 2010
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

How IT bosses turned the tables on our cushy consultancy gigs

I think I’ve been through enough economic cycles in my life to say that the nature of employment, at least in the financial-tech industry that I’m most familiar with, has changed fundamentally in the last few years. If you’re a technology worker and your job suddenly seems unusually precarious, that’s because it is: fear of …
Dave Mandl, 04 Nov 2012
shutterstock_interview_sidey

Mmm, what's that smell: Coffee or sweat? How to avoid a crap IT job

Part 1 Do not try picking up a girl with the line: “You’re not as fat as my current girlfriend; if you sleep with me I’ll drop her as soon as she’s finished painting our bedroom.” Trust me on this, it doesn’t work. It should set off alarm bells in anyone's head. Yet during job interviews, hopefuls are told things like: “We’re ditching …
Dominic Connor, 05 Nov 2012
The Register breaking news

Osborne tosses £3bn gift to the green elite

Something interesting is happening in politics at a quite seismic level, and as usual, the professionals haven't noticed. Let's start with the details. Last week, Chancellor George Osborne announced a new body that would make loans and issue debt. In a harkback to the 1970s, poorly performing and deeply unprofitable businesses …
Andrew Orlowski, 28 Mar 2011
The Register breaking news

Lehman Bros chaps snog amid world economic meltdown

As a stunned world struggles today to come to grips with the global economic catastrophe that is the collapse of Lehman Brothers, it seems that some of the investment bank's employees aren't quite as bothered as they should be: Childish, yes, but nicely done. We're sure the couple in question will be warmly embraced down at …
Lester Haines, 16 Sep 2008