Articles about Material Impact

Burning money, photo via Shutterstock

Verizon: Data center sale going nicely. Yahoo! bid? Not so much

US telecom giant Verizon says it has formally begun talks with Yahoo! on adjusting the terms of their merger. Speaking to analysts during the company's fiscal Q3 2016 earnings call, CFO Fran Shammo said that Verizon's lawyers had their first meeting with Yahoo! brass yesterday to discuss the breach of a half billion Yahoo! …
Shaun Nichols, 20 Oct 2016
Bank vault

It's good to talk, UK banks told after massaging cyberattack figures

Top techies at British banks are being encouraged to share information about cyberattacks following revelations that the financial sector is under-reporting breaches to regulators. According to the UK's Financial Conduct Authority, only five attacks were reported in 2014, a figure that has soared to 75 so far this year. But …
John Leyden, 18 Oct 2016
Woman throttling man. Pic: quan ha

Australia's broadband policy is a flimsy, cynical House of Cards

On a recent trip to the shops, I priced a massive UHD OLED telly, with blacks so dark the panel looked like it actively sucked in light. Staring into the most beautiful television I’d ever seen, I had a moment of clarity: Gorgeous and expensive, but useless. A generation ago, one of my mentors taught me a simple truth, “ …
Mark Pesce, 06 Apr 2016
Sony logo

Sony slurps Altair Semiconductor to make 'things' sing

Sony has put US$212 million on the table to buy LTE silicon vendor Altair Semiconductor. The Israeli chip developer runs the gamut from 200 Kbps low-power (and low-cost) Internet of Things comms chips up to 450 Mbps chipsets for base stations, mobile Internet and motor vehicle applications. In December, the takeover target …
Dunce's cap graffiti by https://www.flickr.com/photos/lord-jim/ cc 2.0 attribution https://creativecommons.org/licenses/by/2.0/

Are you a digital leader or a high-maintenance digital dunce?

When it comes to implementing IT effectively, not all companies are equal. Some place a heavy emphasis on business outcomes, and tie deployment strongly to business outcomes. Some merely keep the engines running without really thinking about what they’re doing, or why. Some use IT to innovate and disrupt their businesses, and …
Robin Birtstone, 17 Aug 2015

Ubiquiti stung US$46.7 million in e-mail spoofing fraud

Ubiquiti Networks has been defrauded of more than US$46 million by scammers who spoofed its communications. The heist was revealed in an SEC Form 8-K filing. Apart from the financial information, details are scant. The San Jose company says: “The incident involved employee impersonation and fraudulent requests from an outside …
Roughly 150kg of gold

EMC coughs up the readies for cloud management software supplier

EMC is buying Virtustream in a seemingly billion-dollar-level transaction, as part of an effort to build a managed cloud services business. Virtustream sells xStream cloud management software for public, private and hybrid clouds, Infrastructure-as-a-Service (IaaS) and managed services to its customers. It says its xStream …
Chris Mellor, 26 May 2015
Kim Jong-un

Sony blames NORK The Interview cyber strike for delayed Q3 report

Sony plans to delay its third-quarter financial results and has blamed North Korea’s crippling cyber attack on Sony Pictures Entertainment’s business systems. The media giant has asked Japan’s Financial Services Agency to extend its deadline by a month so it can compile the period’s results. Sony needs the extension so its …
Gavin Clarke, 23 Jan 2015
An abandoned Telstra facility on the Stuart Highway

SURPRISE: Oz gov gives itself room to NEVER finish the NBN

The Vertigan panel's report on telecoms regulation in Australia was delivered in October and was mostly ignored by the nation's federal government, but the document has provided a fig-leaf for the abandonment of last year's pre-election promise* to complete the network (albeit with different technologies). According to the …
Micron RealSSD

Chipper chipmaker Micron shows off boosted bottom line – gee, thanks, Elpida

Analysis Memory chipmaker Micron Technology – still riding high on the announcement that its on-package memory will bolster Intel's "Knights Landing" processor – has announced what appear to be cheery results today. Its fiscal 2014 quarter revenues were $3.98bn, 3 per cent lower than the second quarter of fiscal 2014 but a whopping 72 …
Chris Mellor, 24 Jun 2014
Money image

Hackers steal trade secrets from major US hedge firm

Criminals have successfully attacked a hedge fund, delaying trades and stealing profitable secrets in a rare direct raid on the financial services sector, according to BAE Systems Applied Intelligence. The clever hack cost the unnamed US-based hedge fund millions of dollars over two months, the firm alleges. Attackers apparently …
Darren Pauli, 23 Jun 2014

SCC: Blighty biz cracked open wallets in 2014, and not JUST for Windows XPocalypse

Customers fleeing end-of-support Windows XP doom coupled with boosts in data centre hosting and managed services wins fuelled top and bottom line goodness at reseller titan SCC in the recently closed fiscal '14. The Birmingham-HQ'd channel giant pushed up turnover for the year ended 31 March by 9.5 per cent to £1.74bn as …
Paul Kunert, 12 May 2014

Zuckerberg IN COURT: Judge rules Facebook investors CAN sue for IPO non-disclosures

A US judge has decided that Facebook, Mark Zuckerberg and a bunch of banks will face a lawsuit accusing them of misleading investors about its $16bn initial public offering. District Judge Robert Sweet in Manhattan said that investors should be allowed to pursue their claims that Facebook and the banks running its IPO were …
Stock ticker board

Fujitsu: Sayonara, London Stock Exchange... You're not worth the money

Japanese giant Fujitsu is to yank its shares from the London Stock Exchange in a move that will help it cuts costs and which recognises the shifting sands in global financial markets. The application to delist common stock and European Depository Receipts* from the Official List of the UK Listing Authority**, as well to cancel …
Paul Kunert, 28 Nov 2013
Cisco MU-MIMO diagram

WTF is … MU-MIMO?

With 802.11ac Wave 2 due for ratification in December, El Reg had a talk to Cisco's Andrew Myles, Manager of Protocols in the Borg's Wireless Network Business Unit, to get a handle on one of its more interesting characteristics: MU-MIMO. Along the way, there were some handy reminders. Myles, who's been around the wireless …

Dragons' Den star's biz Outsourcery sends yet more millions up in smoke

Cloud service provider Outsourcery has released its half-year financials while talking up its business potential, quietly avoiding the fact that it has little to boast about in terms of actual performance. Revenues at the cloud services player to the end of June moved up 23.5 per cent to £2.1m (including £1.5m of recurring …
Paul Kunert, 25 Sep 2013
The F5 Networks SDN strategy before LineRate Systems was snapped up

F5 Networks scarfs up LineRate Systems for SDN smarts

Another software-defined networking startup has been scarfed up before it got rolling very far on its own. In this case, network-acceleration and load-balancing juggernaut F5 Networks has acquired LineRate Systems, whose founders have spent the better part of the last decade figuring out how to shape traffic way up in the stack …

Red Hat pinched by muscular greenbacks in Q2

Anyone selling hardware or software overseas as a significant portion of their overall revenues got a haircut in the past few months, and Linux server and Java application server juggernaut Red Hat was no exception. In the second quarter of fiscal 2013 ended in August, Red Hat's overall revenues grew by 14.7 per cent to $322. …
VMware logo

VMware shells out $1.26bn for virtual networker Nicira

The networking business just got a wake-up call from server virtualizer VMware in the guise of a $1.26bn acquisition of virty networker Nicira. VMware's CTO Steve Herrod has been talking up the concept of the "software-defined data center" for the past couple of months, and the server virtualization juggernaut and cloud …
The Register breaking news

Red Hat snaps up open source SOAer FuseSource

Red Hat Summit A bunch of open-source Apache projects relating to application integration and messaging protocols have found what will very likely be their final commercial home, as Red Hat has just bought the FuseSource subsidiary of Progress Software. FuseSource is a major contributor to a number of different Apache projects and …
The Register breaking news

Red Hat accelerates through $1bn in sales

"We think of Linux as a competitor in the student and hobbyist market but I really don't think in the commercial market we'll see it in any significant way." Bill Gates, 2001 You can't blame Red Hat for wanting to rub it in a little bit as it busted through its first $1bn year. Yes, El Reg knows that numbers are not barriers, …
For Sale sign detail

LSI snaps up flash controller company

Flash industry consolidation took another step forward, with semiconductor company LSI buying flash controller startup SandForce to strengthen its server and storage array flash offerings for ultrabooks, notebooks, servers and storage arrays. The price is $322m cash plus taking on $48m of stock options and restricted shares …
Chris Mellor, 28 Oct 2011
For Sale sign detail

Red Hat snatches storage Gluster file system for $136m

Commercial Linux distributor Red Hat is paying $136m to acquire Gluster, the privately held maker of the GlusterFS cluster file system that is used by some hot properties on the intertubes. Gluster is a spin-off from California Digital Corp, a supercomputer maker that was tapped by Lawrence Livermore National Laboratory to …
The Register breaking news

MySpace vanishes $254m from News Corp coffers

Television and film continue to be News Corp's core area of sales growth, even as other aspects of Rupert Murdoch's empire – including recently-sold MySpace and scandal-ridden News International – unsurprisingly had a bumpy Q4. The company rolled out Murdoch at its conference call in New York to personally anoint the results ( …
Kelly Fiveash, 11 Aug 2011
The Register breaking news

AMD readies Bulldozers to ship next month

The hybrid CPU-GPU chips for mobile PCs gave Advanced Micro Devices some breathing room in the second quarter, but it's going to take continued ramping of these APU processors and an upswing in Opteron server sales to get the company back to the profit levels it should be enjoying during a retooling phase in the IT market – and …
The Register breaking news

Behind Apple's record sales are signs of desperation

As we went to press with this story, Apple had just reported its first quarter results and Nokia was about to. For both arch-rivals, the quarter will not be indicative of longer term trends. For Apple, there has been disruption to its supply chain, while Nokia's future will be hard to judge until it launches its new WP7 devices …
Wireless Watch, 24 Apr 2011
fingers pointing at man

EMC buys into mainframe VTL market

EMC is the Dyson of storage companies, hoovering up other storage companies with no loss of appetite however many it buys. It has just sucked up mainframe virtual tape library (VTL) supplier Bus-Tech. Mainframes can use tape for backup data and also during normal operations with a tape library connected by FICON or ESCON …
Chris Mellor, 11 Nov 2010

HPC goes mainstream

Workshop Many people tend to associate High Performance Computing (HPC) with exotic supercomputers with esoteric CPUs, high-end networking and storage fabrics, and custom applications simulating nuclear explosions, virtually crash-testing cars or designing the aerodynamics of the latest jetliner. This vision is true for the high end of …
Andrew Buss, 06 Sep 2010
graph up

EMC shuffles Ionix to VMware

EMC is keeping up appearances that its VMware subsidiary is still a separate company. Today, it transferred a number of system management products that were part of its evolving Ionix brand to VMware for $200m in cash. Last July, after five years of making systems management tool acquisitions, EMC slapped the Ionix brand on …
The Register breaking news

Twitter bomb threat joke man faces possible jail sentence

Updated A Twitter user who posted a "joke" bomb threat against a UK airport could be jailed after pleading guilty to sending a menacing message. Paul Chambers, 26, of Balby, Doncaster, admitted posting an ill-considered message onto Twitter about Robin Hood Airport, South Yorkshire, on 6 January after the airport closed as a result of …
John Leyden, 22 Feb 2010
hands waving dollar bills in the air

Cisco 120Gbps router rumored

Cisco is rumored to be cooking up a new carrier core router to outpace Juniper's speedy T1600. But it seems that issues with the supporting application-specific integrated circuit (ASIC) design may delay the Cisco's telco router rollout by up to a year. The new MSC120 Cisco router will become heir to network giant's Carrier …
Austin Modine, 02 Feb 2010
The Register breaking news

EMC slides Archer Technologies into security quiver

Storage behemoth EMC started down the 2010 acquisition trail on Monday by announcing an agreement to purchase Archer Technologies, a privately-held maker of IT governance, risk management, and compliance software. The vendor did not disclose the acquisition's price tag, but said the transaction is not expected to have a material …
Austin Modine, 04 Jan 2010
cloud

Computacenter ditches last distie biz

Computacenter has sold the last of its distribution businesses to Ingram Micro for an undisclosed amount. In a statement, the reseller said: "This completes Computacenter's exit from trade distribution and leaves Computacenter totally focused on services and solutions for end user customers." The takeover means about 40 staff …
John Oates, 27 Oct 2009
The Register breaking news

Raytheon buys BBN for 'about $350m'

Renowned techsploration company BBN - famed far and wide for inventing forerunner internet kit, and for giving the world the "@" symbol in email addresses - has been bought by US armsbiz colossus Raytheon. The move illustrates growing aspirations on the part of arms firms to do business in the information systems sector. …
Lewis Page, 27 Oct 2009
cloud

Cisco claims unified computing is taking off

It took longer to get its "California" Unified Computing System out the door than networking giant Cisco Systems would have wanted, but in July the machines started shipping to customers. Welcome to the server business, where delays in chips and servers are the bane of your existence. Oddly enough, it wasn't Cisco that first …
The Register breaking news

Thus finds a home for mobile division

The mobile division of C&W-owned Thus has been palmed off to Genisis Communications, to prevent the customers falling into the hands of Cable & Wireless or being subsumed into Vodafone. Thus' mobile division incorporated a Vodafone reseller called Intercell, but when Thus got bought by Cable & Wireless last year Vodafone …
Bill Ray, 26 Mar 2009
channel

DSGi crosses fingers on new store format

Struggling retailer DSG International (DSGi) is hoping the overhaul of its computer and electrical barns will help turn its fortunes around after it was hit with an unfavourable tax ruling by HMRC. The company said today that its new store formats for Currys and PC World in the UK pulled in gross profits between 15 per cent …
Kelly Fiveash, 03 Mar 2009
channel

Oracle assures financiers they're not that important after all

Oracle comforted distraught investment bankers yesterday by delivering better-than-expected first quarter profits and pointing out it really doesn’t do that much business in the financial services sector. The database giant turned in revenues up 18 per cent to $5.3bn for the quarter ending August 31, producing a net profit of …
Joe Fay, 19 Sep 2008

EMC whisks Iomega away from Chinese suitor

Iomega has dumped its Chinese fiancé and is running away with the richest man in the room. Yes, it's EMC, which last month interrupted Iomega's plans to marry a subsidiary of Great Wall Technology, with an unasked for and spurned offer of $178m. EMC returned a few days later with more dough, about $213m cash, or $3.85 a share …
Drew Cullen, 08 Apr 2008

EMC buys web services startup Infra

EMC is showing the world today that it's a brave little guy about the rejection of a hostile $178m takeover bid from Iomega. The company is publicly devouring someone else instead. EMC said it will acquire the privately held software company Infra Corp. for an undisclosed amount. Infra vends web-hosted software designed to …
Austin Modine, 11 Mar 2008
The Register breaking news

Fraud cases breached £1bn level in 2007

Organised gangs pushed the value of fraud to a 12-year high last year, with the UK government being the largest victim of their criminal activities, according to a new survey. KPMG Forensic, which has been monitoring fraud levels for 20 years, said today that the total value of cases heard by UK courts in 2007 - £1.02bn - was …
Kelly Fiveash, 04 Feb 2008
thumbs up teaser 75

Dimension Data profits and rev climb

IT services firm Dimension Data said today that total revenue rose to $3.8bn for the year, up by nearly a quarter on its 2006 results. Pre-tax profit also jumped significantly year-on-year to $150m from $65m previously, while earnings per share are up to 5.6 cents - an increase of 180 per cent on 2006. Dimension Data said in …
Kelly Fiveash, 14 Nov 2007

Dell accountants spank themselves

Dell has released the results of its internal accounting probe today, stemming from allegations they mis-dated earnings or backdated share options to reach their financial goals. The probe has obviously been a huge thorn in the computer maker's paw, delaying the filing of current financial results and prompting an expensive …
Austin Modine, 16 Aug 2007
Flag Canada

Canada sticks the boot into Neteller

Money transfer group Neteller, which at one time serviced about 85 per cent of online gambling transactions, has been forced to pull out of Canadian and Turkish markets after garnering attention from regulators. The group said any funds customers had deposited in their e-wallets would be safe, and could still be used for non- …
fingers pointing at man

Vulnerability tallies surged in 2006

Flaws in Web applications boosted the bug counts for 2006 by more than a third over the previous year, according to data obtained by SecurityFocus from the four major vulnerability databases. On Monday, the Computer Emergency Response Team (CERT) Coordination Center released its final tally of the number of flaws the …
Robert Lemos, 21 Jan 2007
cloud

Brocade captures Silverback

Storage switch vendor Brocade has bought privately-held network accelerator chip start-up Silverback Systems for an undisclosed sum. Silverback's gear is aimed at speeding up iSCSI storage area networks. The Massachusetts-based firm was founded in 1999 with venture capital and has offices in the UK and Netherlands. …

Nvidia takes $127m stock-option probe charge

Nvidia has said it will take a $127m non-cash hit as a result of the past stock-option irregularities the company earlier this year announced it had discovered. This month the graphics chip maker said the impact could be as much as $150m. The company also restated its FY2006 financial results and those of the first two …
Tony Smith, 30 Nov 2006

Nvidia may take $150m hit over stock options

Nvidia's investigation into stock-option awards will result in a restatement of the company's financial figures for fiscal years 2004, 2005 and 2006, and for Q1 FY2007, the graphics chip maker admitted last night. It said the net impact of the restatement will be non-cash charges totalling less than $150m before tax. Whatever …
Tony Smith, 02 Nov 2006
The Register breaking news

Dell's profit evaporates as AMD love swells

Banish any thoughts of Dell suffering from a short-term stumble. The Dell juggernaut has veered far off the tracks and doesn't look set to recover anytime soon. Dell today tossed out weak second quarter results, marking the third time in the last four quarters that the company has displayed lackluster sales. Revenue for the …
Ashlee Vance, 17 Aug 2006
The Register breaking news

Whatever happened to... the smartphone?

Analysis At one time, the future of mobiles looked simple. The smartphone was a new kind of gadget that was subsuming the pager, the camera, the PDA, the Walkman, and almost every other iece of technology you could carry - and offering it in volume at an irresistible price. Often free. Over time, every phone would become a smartphone …
Andrew Orlowski, 21 Jul 2006