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The Register breaking news

Morse! Shoved! Out of! Yahoo! Beneath! Giant! Golden! Parachute!

Yahoo's sacked chief financial officer Tim Morse is going to get a nice little package for his "termination without cause". Morse, who briefly stood in as interim CEO after ex-chief Carol Bartz got the boot, was himself shown the door by ex-Googler and current top dog Marissa Mayer in September and immediately replaced by …
Comet Lulin in a composite Swift/Digital Sky Survey image

Japanese cubesat to flash Earth with Morse message

Scan the night sky next month and you may witness a rather unusual phenomenon – an tiny Japanese satellite using LEDs to beam a Morse code message earthwards. The message will come from FITSAT-1, or Niwaka, a 10cm cubed satellite weighing just 1.3kg and recently released from the from the International Space Station. Built by …
Phil Muncaster, 12 Oct 2012
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Morse confirms advanced takeover talks

Morse has confirmed to the London Stock Exchange that it is in talks which could lead to the sale of the reseller. The reseller and integrator confirmed it was in advanced talks but warned: "Shareholders should be aware that there is no certainty that an offer will be made." The deal would give Morse investors 51p for every …
John Oates, 23 Apr 2010
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Morse merger is go

The proposed takeover of Morse by 2e2 looks set to go ahead - the companies have agreed final terms. It emerged on Friday that the two firms were in advanced talks. Morse's board of directors today unanimously approved the offer of 51 pence per share. This represents a 60.4 per cent premium on Morse's average share price over …
John Oates, 26 Apr 2010
globalisation

Morse ups profits on flat sales

Morse Group failed to grow revenue in the six months ended 31 December, but did manage a big jump in profits. Revenue was £107.6m versus £107.5m last year. But profit before tax was £4.1m compared to £2.2m in the second half of 2008. Ebitda was up 94 per cent to £4.6m. Morse made an operating profit of £4.1m against a £2.7m …
John Oates, 10 Feb 2010
Lockheed Martin's compact fusion reactor

Scientists skeptical of Lockheed Martin's truck-sized FUSION reactor breakthrough boast

Lockheed Martin has caused quite a stir with its announcement that it will ship fusion reactors the size of a truck within the next decade. Lockheed Martin's compact fusion reactor "Our compact fusion concept combines several alternative magnetic confinement approaches, taking the best parts of each, and offers a 90 percent …
Iain Thomson, 16 Oct 2014
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Morse sales and profits sink in economic storm

Reseller and consultancy Morse saw revenue for the full year ended 30 June 2009 fall to £211.9m compared to £235.3m in 2008. Profit before tax and exceptional items also fell to £7.8m from £8.2m last year. It made an operating profit of £200,000 from continuing operations before exceptionals compared to a loss of £4.7m last year …
John Oates, 09 Sep 2009
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Morse sells loss-making consultancy

Morse Plc has agreed to sell its UK and Jersey investment management consultancy business after it notched up an operating loss of £44,000 in the six months ended 31 December 2008. The UK IT consultancy group confirmed the dramatic move yesterday afternoon. It sold the biz to Navigant Consulting, which is a European subsidiary …
Kelly Fiveash, 10 Feb 2009
Morse

Duncan McIntyre severs ties with Morse

Duncan McIntyre no longer works at Morse, the reseller he ran for 10 years until July 2007. That was when Morse demerged the sexier bit of the group, Monitise plc. McIntyre jumped on board Monitise as executive chairman, but retained a seat on Morse's board until last week, when he handed in his resignation. And how's this for …
Team Register, 13 Aug 2008
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Morse sees profits return after restructure

Morse predicted a continuing "very challenging trading environement" as it unveiled a turnaround in profits in its first quarter this morning. The IT services group turned in total revenues of £47.1m for the quarter ending September 30, compared to £55.8m last year. But operating profit was £1.9m, compared to a loss of £500,000 …
Joe Fay, 15 Oct 2009
channel

Morse signals tough times

Morse shares fell by almost a quarter today after the technology consultancy announced lower profits for the nine months ended 31 March 2009 and a dispute over one of its contracts. The company said it made an operating loss of £400,000 in the three months ended 31 March. In the last nine months it made revenues of £156.9m, down …
John Oates, 24 Apr 2009
Morse

Morse detects cost savings - takes £4.5m charge

UK reseller Morse will take a one-off charge of up to £4.5m to slash costs this year, it told the stock market today. Executive chairman Kevin Loosemore said further details of the cuts, which will begin immediately, will be revealed with the firm's preliminary results on 9 September. The cuts follow the departure of CEO Kevin …

A future queen, the spy chief behind the Iraq 'dodgy dossier' – and a war base rendezvous

Kate Middleton, the Duchess of Cambridge, has been shown around the historic home of Britain's World War II codebreaking efforts by a former MI6 chief who was instrumental in Britain's decision to invade Iraq in 2003. She visited Bletchley Park today to be greeted by the chairman of Bletchley Park Trust Sir John Scarlett, …
Jasper Hamill, 19 Jun 2014
Morse

Morse demerges from Monetise

Morse's board has voted to demerge the company from Monitise, a division of the group which develops mobile banking and payments solutions. Monitise, which was founded four years ago, will be listed on AIM. Morse says the decision was taken because the two businesses operate separately anyway, and have "distinct …
Lucy Sherriff, 24 Apr 2007
fingers pointing at man

Morse taps new boss, new structure

Morse has appointed a new chief exec as it continues to restructure the business. The firm sold off its Jersey-based investment consultancy yesterday which leaves it with four independent business units - infrastructure services and technology units in the UK, Spain and Ireland and a business applications business. The heads of …
John Oates, 11 Feb 2009
Morse

Morse signals stability in current year

Morse told its annual meeting today that trading is running in line with expectations. In a statement to the AGM, outgoing chairman Richard Lapthorne said that “stabilization of revenue has continued into the new financial year.” He said that the management has set a target of operating margin of 7.2 per cent, and absolute …
Joe Fay, 30 Oct 2007
Mars Rover, credit NASA

Curiosity parks for a day, looks back in wonder

Wall•E wannabe Curiosity has driven another 21 metres, then given itself a day off to admire the view. The little rover that could trundled to the east last Thursday (US time). That effort exhausted the craft, which spent Friday resting. It did find time to snap the panorama below depicting its tracks on the Martian surface. …
Simon Sharwood, 03 Sep 2012
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Morse expects second half revenue dip

Morse expects to report a slight dip in revenues from continuing operations in its second half compared to its first half of the year, the company announced in a trading update this morning. The services group said its margins on that revenue would reflect the benefit of its cost cutting program through the year and the …
Joe Fay, 09 Jul 2009
Morse

Morse shrugs off market uncertainty

IT services group Morse said it was unflustered by the turmoil rocking the financial markets as it unveiled its interim results today. The firm, which has recently been shedding its non-services businesses, turned in consolidated revenues of £123.8m for the period ending December 31, compared to £132.2m a year ago. Pre-tax …
Joe Fay, 13 Feb 2008
Morse

Morse loses CEO, warns on revenues

Morse said goodbye to CEO Kevin Alcock today as it unveiled a trading update which said full year revenues will come in below last year's. The IT services vendor said that it had experienced “some deterioration in short term services in the final quarter of the year as clients have reduced discretionary spend”. While first half …
Joe Fay, 08 Jul 2008
channel

Morse changes on track

Morse said today that its new structure of two divisions - one for mobile services and one for its traditional consultancy business - is working well. The company told the London Stock Exchange that trading is in line with expectations. Morse chairman Richard Lapthorne said: "In our preliminary results of 30 August 2006 we …
John Oates, 09 Nov 2006
Morse

Morse suffers blip amid economic turbulence

The economic downturn has hit Morse Plc with a vengeance, the service provider's full year figures show today. In what the firm admitted was a “disappointing year”, revenues slipped 1.25 per cent to £253.3m in the year ending June 30. However, after last year’s pre-tax profit of £3.8m, the firm sank to a £2.3m loss in the latest …
Joe Fay, 09 Sep 2008
channel

Royal Bank of Scotland picks Morse for mobile banking

The Royal Bank of Scotland has chosen Morse to provide its mobile banking service, which already counts HSBC, First Direct, and Alliance and Leicester as customers. Morse will run the service through its Monilink network - a joint venture with the LINK interchange network (which runs the UK's ATM network). The deal with the …
John Oates, 08 Feb 2007
channel

Morse loses finance head

Technology services group Morse is saying goodbye to its chief financial officer Stuart Cruickshank. Cruickshank has resigned from the job and leaves the board of directors and the company with immediate effect. Cruickshank joined Morse in July 2005. He was previously finance director at games company Eidos. Morse director of …
John Oates, 15 Jun 2006
Pacman

Morse snaps up consultancy firm

Morse has swallowed up Manchester-based consultancy firm Xayce plc for £3.6m in a majority cash deal. The professional services firm said it had paid £2.35m in cash and £1.25m in shares to secure the acquisition. An extra £2.5m consideration payable in shares has also been earmarked by Morse, depending on future company …
Kelly Fiveash, 13 Sep 2007
Morse

Morse sees revenue slide

Professional services firm Morse today reported a 13 per cent group profit fall and said its continued drive away from the IT infrastructure market had put a dent in its financial figures. Revenue from continuing operations was down £40m to £256.5m for the year-on-year period ended 30 June 2007. The infrastructure arm of the …
Kelly Fiveash, 04 Sep 2007
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Morse boardroom shuffle detailed

Morse has updated the Stock Exchange on the results of its restructure - announced when the company published its preliminary results. The group's activities will be divided into two businesses - Core Morse and Monitise - overseen by a holding company. The group board will be headed up by non-exec chairman Richard Lapthorne. …
John Oates, 28 Sep 2006
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Morse all smiles despite turnover slide

Despite a fall in turnover and profits, Morse says it is pleased with its financial results for the six months ending 31 December, the first since the group split into two six months ago. The company saw group turnover fall to £132.2m, against £187.4m for the same period a year earlier. Profit, before tax, was also down at £3. …
Lucy Sherriff, 02 Mar 2007
channel

Morse signs network processors

Morse has signed a deal with Azul Systems to sell its network devices in the UK. The marketing and channel deal will target financial companies and telcos. Morse is Azul's first UK channel partner. Syed Rizvi, managing director of Azul Systems UK, said: "Together, we will enable customers to overcome the challenges of the …
John Oates, 12 Apr 2006
Warning Go

Morse will dash for AIM under new CEO

Morse has shaken up things at the top with a number of board changes including the appointment of Kevin Alcock as its new chief executive. He will take on the role with immediate effect, replacing Duncan McIntyre who will become executive deputy chairman at the professional services firm. Alcock had previously been chief …
Kelly Fiveash, 28 Jun 2007
Morse

Morse splits to AIM high

Morse has confirmed details of its demerger and the separate listing of its mobile banking business Monitise on London's Alternative Investment Market (AIM). As well as its plan to list on AIM, Monitise, which provides mobile phone software for users to access their banking details, hopes a share placing will help it raise £20m …
Kelly Fiveash, 08 Jun 2007
Houses of Parliament at night-time

NAO: £4bn of gov work doled out to just 4 outsourcing giants

In spite of the Cabinet Office's tough talk about binning hefty suppliers whose performance is crappy, four outsourcing giants caught up in contractual issues have amassed £4bn of government business. The fabulous four include Capita, Serco, G4S and Atos, which collectively banked £1.05bn in profits globally in 2012. Between …
Paul Kunert, 12 Nov 2013
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Morse continues services shift

Morse plc saw revenues slip but profits increase in the last six months of 2005, figures released yesterday showed. Turnover was £187.5m, compared to £194.4m last year (excluding discontinued operations). However, revenue from services, which the company is now focussing on, were up 18 per cent. Pre-tax profits were £6.1m, up …
Team Register, 02 Mar 2006
grab_that_cash

Brit SAP house G3 Global slurps 2e2's SAP house

SAP Gold partner G3 Global - based in Surrey - has acquired 2e2-owned Diagonal Consulting in a cash deal, it confirmed this morning. Buyers for Diagonal, which was taken over by Morse in 2004 - itself swallowed by 2e2 in 2010 - were sought after administrator FTI Consulting was called into the UK ops last month. Chris Gunter, …
Paul Kunert, 22 Feb 2013
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HSBC joins Morse's mobile ATM network

Consulting, technology and support company Morse has told the Stock Exchange that HSBC and First Direct are the first banks to join the firm's mobile ATM network MoniLink. The service, due to go live later this year, will let customers use mobile phones to access bank services. The company said it was pleased HSBC had joined …
John Oates, 10 Apr 2006
fingers pointing at man

Morse withdraws from Germany

Morse has continued its retreat from the European mainland with the sale of its loss-making German and Austrian reselling business for €9.5m. The firm managed its withdrawal from Germany better than it did France last year. It's loss-making French arm was sold for €1, with more money promised at the end of 2007, should it …
Mark Ballard, 24 Jul 2006
fingers pointing at man

Morse suffers poor first half

Morse said sales were poor in the first half of the year but it expects things to pick up during the second half. It expects a greater proportion than before to be earned in the second half of the year, due to its shift away from pure reselling. In a statement to the Stock Exchange ahead of its AGM this morning Morse said: "The …
John Oates, 01 Nov 2005
The Register breaking news

Morse buys niche consultancy biz

Morse, Europe's biggest Sun dealer, has bought a City management consultancy business called CSTIM. Terms are undisclosed. CSTIM clients are in the financial services sector, Morse's biggest vertical market. The firm has 60 staff based in London, Luxembourg, Edinburgh, Jersey and Cape Town. It will continue to operate under its …
Drew Cullen, 21 Apr 2004
chain_relationship_channel

Feel Cisco's WRATH: Over 1,000 placed on DENIED partner sh*t list

Cisco has launched an EMEA-wide crackdown in the channel after expelling Phoenix IT Group from the Gold Partner network, which our sources alleged was because it flouted support rules by supplying grey market kit. The Brand Protection police at the networking Goliath sent letters to more than 1,000 resellers, integrators and …
Paul Kunert, 08 Nov 2013
2e2

UK's 2e2 goes titsup

Troubled integrator 2e2 Group has left a potentially devastating trail of debts in its wake after calling in the administrators to its UK ops. The financial backers of the Berkshire-based business hauled in FTI Consulting on Monday afternoon, putting nearly 2,000 jobs at risk of redundancy. "We are working closely with …
Paul Kunert, 29 Jan 2013

Symantec appoints new EMEA veep for partners

Symantec has elevated channel veteran Mark Nutt to head up partner management across the EMEA region as it concludes its sweeping restructure which included the shedding of nearly 2,000 jobs. The big changes are done and dusted, but the creaking security and storage firm refused to reveal what proportion of the 1,700 heads that …
Paul Kunert, 25 Sep 2013
anonymousCARTOON

Anonymous develops secure data over ham radio scheme

Anonymous – or, at least, entities claiming Anonymous affiliation – has put together a secure communications project using the open source ham-radio Fldigi modem controller. You're not going to get fast communications out of AirChat, since it takes the world back to the days of encoding data over voice channels. The group says “ …
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Morse stumbles in Germany and Austria

Morse’s problematic German and Austrian operations are likely to leave a £1m sized hole in the resellers’ full year results. The firm had previously said that the performance of the operations had “slowed”. Today, it said the German and Austrian outfits had “experienced a more marked weighting than usual in revenue profile …
Team Register, 18 May 2006
The Register breaking news

Yahoo! boss! boots! out! CFO! and! Google! kisses! up! for! future! search! deal!

It's easy for Google chairman Eric Schmidt to be playful about a future search deal with Yahoo! now that ex-Chocolate Factory Golden Girl Marissa Mayer is at the helm of the Purple Palace. Schmidt apparently hinted at just such a search pact on Tuesday. At present, Yahoo!'s search is powered by Microsoft's Bing – but there's …
Kelly Fiveash, 26 Sep 2012

Logicalis coughs up €24m for 2e2's Euro ops

Logicalis Group has coughed €24m for 2e2's European operations, it confirmed in a stock market statement this morning. The deal includes the IBM system integration biz in Spain - which is still trading under the Morse brand; the NetApp and HP enterprise reselling outfit in Ireland; a managed service operation in the Channel …
Paul Kunert, 04 Mar 2013
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Morse flogs French business for €1 (and then some)

Morse has sold its French subsidiary, Morse France SAS to Opengate for €1 – and maybe €1m in performance-related cash in the period to 30 June 2007. It is taking an non-cash charge of €7m on the disposal. Morse France turned over £11m in the most recent quarter – just under 10 per cent of group revenues. So the sale price looks …
Team Register, 14 Jul 2005

FCC honcho: Shifting our crusty phone network to IP packets starts now

Although many, including telecom giant AT&T, may be of the opinion that the FCC has been dragging its feet on the transition from a time-division multiplexing (TDM) public phone network to an all IP system, Commission chairman Tom Wheeler says that efforts to define the new system will begin in earnest later this month. Speaking …
Rik Myslewski, 09 Jan 2014
The Register breaking news

Morse swoops on Diagonal

Morse is beefing up its SAP consultancy business with the acquisition of Diagonal for £50.2m in cash and shares. The UK computer reseller's offer has been recommended by the Diagonal board, which last month rejected an approach offering a similar amount from Microgen. Richard Lapthorne, chairman of Morse, said: “Diagonal is a …
Drew Cullen, 14 Jul 2004
Artist's impression of Juno at Jupiter. Pic: NASA

NASA Juno probe HOWLS past Earth - and goes into HIBERNATION

NASA's Jupiter-bound Juno spacecraft waved goodbye to Earth as it shot past at 140,000kph - and mysteriously switched into "safe mode", the space agency confirmed to The Register. The $1.1bn probe buzzed our planet to gain a speed boost for its five-year journey to the gas giant. A spokesman for the space agency's Jet Propulsion …
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Morse shares tumble on channel exposure

Shares in UK IT services group Morse took a tumble yesterday, after the company warned that conditions in the hardware reselling business would continue to be tough. In a sales update the company reported flat revenues of £96m for the quarter (Q3) ending 31 March, and its announcement that it would take "radical action" to …
Lucy Sherriff, 15 Apr 2005