Articles about Pwc

Brit Bill Gates writes ANOTHER open letter to HP board

Former Autonomy mobster Mike Lynch wants HP to shine a light on the accusations of book-cooking made against him and his exec team when it holds the annual shareholder meeting later today. Good luck with that Mike, it's not the first time you've tried and been stonewalled by HP. In fact, when The Channel asked HP about its …
Paul Kunert, 20 Mar 2013
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New UK cyber-champ: Chemist's winning formula cracks 'F1 race hack'

Updated A 28-year-old chemist is the new UK Cyber Security Champion after triumphing in a year-long competition that tested computer defence skills. Stephen Miller, from Hertfordshire, beat thousands of other hopefuls after competing in several online and face-to-face heats. Miller, who works as a lab team manager at a major …
John Leyden, 11 Mar 2013
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Big biz, expensive beancounters write UK tax law, says senior MP

Corporate giants and accountancy firms hold too much sway over UK's tax law, according to the chairwoman of an influential parliamentary panel. Labour MP Margaret Hodge, who heads up the Public Accounts Select Committee, said the Tory-led coalition government "only talks to those who have a self interest in reducing their tax …
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Phoenix IT Group tumbles off a cliff: £63m in losses

There's trouble at Phoenix IT Group - the services provider has recorded losses of more than £60m, been forced to take a massive hit from accounting errors and is laying off staff. The results of accounting errors are in and the firm has taken a post-tax knock of £17.3m, forcing it to restate multiple year results after finding …
Paul Kunert, 29 Nov 2012
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Chief leaves Brit IT giant Phoenix after just 15 months

Phoenix IT Group chief exec Dave Courtley has quit the firm after less than 15 months in the role, the LSE-listed IT services company confirmed this morning. The former Fujitsu Services bigwig rocked up at Northampton-based Phoenix in July 2011 replacing long-serving boss Nick Robinson, who stepped down after 18 years at the …
Paul Kunert, 04 Oct 2012
The Register breaking news

Hackers claim to have Mitt Romney's tax records

Various media outlets, including El Reg, have been sent a message claiming to be from a hacking group that has stolen the tax records of Mitt Romney and threatens to release them on September 28. The writer claims to have taken Romney's 1040 filings from the offices of PricewaterhouseCoopers in Franklin Tennessee and copied them …
Iain Thomson, 07 Sep 2012
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Phoenix IT Group fesses up to 'accounting irregularities'

Phoenix IT Group has suspended a business manager amid a probe into accounting irregularities that the firm reckons will result in £14m being wiped from net assets. The listed IT services group revealed in a statement to the London Stock Exchange this morning that it has named PwC and Nabarro LLP to "carry out independent …
Paul Kunert, 03 Sep 2012
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Fraudsters nick BILLIONS from China's e-commerce Wild West

China’s burgeoning e-commerce industry has been remorselessly exploited by internet fraudsters to the tune of 30 billion yuan (£3bn) over the past 12 months despite police efforts to clamp down on dodgy sites. Industry group the China Electronic Commerce Association (CECA) was behind the concerning stats. CECA claimed that out …
Phil Muncaster, 15 Aug 2012

PwC: 27 percent of Aussies will buy IPTV by 2016

Showing the kind of optimism that only large analyst firms can muster, PriceWaterhouseCoopers has boldly predicted that 27 percent of Australians will have an IPTV service by 2016. Right now, IPTV is very much in its infancy in Australia, with a number of ISPs and carriers offering services but, in terms of the country’s eight …

China denies US chopper tech espionage claim

The Chinese government has hit back at claims that technology used in its first fleet of attack helicopters was illegally sold to it by a US defence contractor. In a well-publicised case in the States, United Technologies and its two subsidiaries Pratt & Whitney Canada (PWC) and Hamilton Sundstrand admitted earlier this month in …
Phil Muncaster, 27 Jul 2012
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US defence biz fined for busting China arms embargo

A top US defence contractor has been fined $75m (£47.8m) for flogging software to China that was a vital component in the country's first attack helicopter. United Technologies and its two subsidiaries Pratt & Whitney Canada (PWC) and Hamilton Sundstrand 'fessed up to more than 500 violations of export restrictions in a federal …
Phil Muncaster, 04 Jul 2012
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Price Waterhouse Cooper: Only mobile comms can SAVE HUMANITY

Future of Wireless Speaking at the recent Cambridge Wireless conference Price Waterhouse Cooper's Director of Product Management issued a stark warning - unless governments invest massively in mobile telephony we're all going to starve to death. Colin Brereton presented his arguments as a keynote at yesterday's Future of Wireless conference in …
Bill Ray, 28 Jun 2012

Media moguls urged to go mobile in Asia

Around a third of the world’s mobile internet users will come from China by 2016, driving a boom in the digital entertainment and media market, although concerns persist over digital piracy across some Asian countries, according to a new report. PricewaterhouseCooper’s Global Entertainment and Media Outlook 2012-2016 reveals …
Phil Muncaster, 13 Jun 2012
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Game goes titsup in Australia

Competition from online retailers has claimed another casualty in the high street with the demise of the australian incarnation of chain store retailer, Game. PricewaterhouseCoopers was yesterday appointed voluntary administrator of the UK-owned gaming company, which has over 500 Australian employees and 92 stores nationally. …

China shoots for 800 million web users by 2015

The Chinese government is hoping to close the country’s digital divide further by bringing a whopping 800 million of its citizens online by 2015, according to its latest pronouncement. The ‘internet development plan’ for 2011-2015 was unveiled on Friday by the Ministry of Industry and Information Technology, Xinhua reported. …
Phil Muncaster, 07 May 2012
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UK biz pays heavy price for skimping on security - PwC

Infosec 2012 Hacking attacks against Blighty's top firms hit a record high according to figures for 2011. On average, each large organisation suffered 54 significant digital assaults in that 12-month period, twice the level in 2010, while 15 per cent – one in seven – had their networks successfully penetrated by unauthorised parties. The …
John Leyden, 24 Apr 2012
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Chinese shoppers lead way in global e-commerce stakes

Shoppers in China are twice as prolific online as those in the UK and US but retailers are struggling to keep up with the growing sophistication of their multi-channel purchasing behaviour, PricewaterhouseCoopers has found. PwC’s latest global survey on the subject found that around 70 per cent of consumers in the People’s …
Phil Muncaster, 03 Apr 2012
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Game chain sold

UK High street retailer Game has been acquired by Comet owner OpCapita. The Game Group's administrator, PwC, yesterday said it had agreed to sell the troubled company's UK business to Baker Acquisitions Ltd, an entity overseen by OpCapita, for an undisclosed sum. The move takes The Game Group's UK operation out of …
Caleb Cox, 02 Apr 2012
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Game CEO steps down

High street retailer Game formally entered administration this morning. The first casualty of the move: CEO Ian Shepherd resigned from his role. “I’ve said a number of times that the administrator, once appointed, take charge of the business,” said Shepherd in memo to staff. “Having two people try to do that is both confusing …
Caleb Cox, 26 Mar 2012
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Sugar-daddy love runs out for hard-up Valley firms

Open ... and Shut For many startups, getting Series A funding isn't the problem. The problem is using that cash to clear the increasingly high hurdles investors are imposing on early stage startups for the Series B round. For as recent funding data shows, venture capitalists remain willing to spread bets at the Seed and Series A rounds of funding …
Matt Asay, 21 Feb 2012
The Register breaking news

Cheap energy revives US manufacturing, skint Brits shiver

The battle of crystal ball gazers over how much we'll be paying for energy in the future rages on. The government's advisory panel on global warming has weighed in, with a report on household energy bills. The Climate Change Committee uses slightly different assumptions to the Energy Department, and only looks at a slice of the …
Andrew Orlowski, 15 Dec 2011
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More than $60bn spunked on cyber-security in 2011

Global cyber-security spending is on track to exceed $60bn for 2011, according to a study by management consultants PwC. The growing tide of cyber threats, coupled with greater vulnerabilities due to the more pervasive use of technology – particularly mobile devices and cloud computing – are fueling a growth in cyber-security …
John Leyden, 01 Dec 2011

Are we in the middle of a PATENT BUBBLE?

Analysis For some time, the only reason the word 'patent' meant anything to the average Joe was if they happened to know that Albert Einstein was a patent clerk before he became a rock star physicist. Nowadays, everyone is well up on the Great Patent Wars of technology firms, in particular the face-off between Apple and Android OS …
The Register breaking news

Tech23 unearths tech innovators downunder

Australia’s leading start-up showcase Tech23 has recognized five early-stage Australian technology companies to share in a pool of $150,000 in cash prizes. Mobile apps, cloud computing and innovative online engagement tools were among the areas recognized for commercialization potential. The event, now in its third year, …
The Register breaking news

Accenture closes in on Aus government e-health tender

Accenture is understood to have secured the national infrastructure partner contract for Australia's AU$467m personally-controlled electronic healthcare records (PCEHR) project. The tender, released by the Department of Health and Ageing in February, includes three core components; a benefits and evaluation partner, a national …
The Register breaking news

Video and gaming driving Aus traffic and dollars

Australian online data consumption continues to escalate but fixed internet access revenue is set to decline, according to the latest report from PricewaterhouseCoopers. The Australian Entertainment and Media Outlook 2011-2015 reports that the volume of data downloaded increased by 57 percent in the year to June 2010 with online …
The Register breaking news

Aussie online shoppers take $AU6 billion offshore

Australia shopper’s enchantment with offshore online purchases is expected to rise by $AU1.2 billion to $AU6 billion this year, according to new research from PricewaterhouseCoopers. The report predicts that online shopping will grow 13 percent this year and is valued at $AU13.6 billion. Around 44 percent of those online sales …
The Register breaking news

Data, not software, paves the road to riches

Open...and Shut For those who believe software is a quick road to riches, think again. As RedMonk analyst Stephen O'Grady detailed in his Open Source Business Conference keynote, the top 20 software companies are relatively low on Fortune 500's totem pole of revenue, and not a single one lands in the top 10. And of the top 20 companies on PwC' …
Matt Asay, 27 May 2011
The Register breaking news

EU belatedly cancels funding for Symbian OS

The European Commission has cancelled plans to throw €22m of taxpayers' money at Symbian. In November, Eurocrats threw the doomed OS a lifeline by anointing Symbian as the "Embedded Operating System for Europe", in what was called the Symbeose research project. Real life overtook the decision. Nokia dissolved the Symbian …
Andrew Orlowski, 25 May 2011
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Is Quantum shopping itself around?

Comment Quantum's full year and fourth quarter results came in pretty much as expected, but they do position the storage company for interesting possibilities and Motley Fool picked up on one of those; a NetApp acquisition of Quantum. The fourth quarter fiscal 2011 Quantum results showed revenues of $165m, up marginally on the year-ago …
Chris Mellor, 19 May 2011
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UK Cyber Security Challenge renewal promises better prizes

The UK's Cyber Security Challenge is promising a renewal of the competition, with more competitions on a broader range of topics and better prizes. The Challenge, successfully run last year as a way of promoting interest in information security as a career and unearthing hidden pools of talent, is once again backed by the UK …
John Leyden, 20 Apr 2011
The Register breaking news

IBM paints the cloud-scape blue

IBM has backed the creation of a standards body that comprises 40 "leading cloud organisations" but none of its main rivals in the battle to dominate the next big thing in computing. The Cloud Standards Council was wafted into public view as Big Blue unveiled a slew of cloud products and services and reset its stall to grab [big …
Joe Fay, 07 Apr 2011
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Satyam pays $10m to end fraud probe

Indian reseller and outsourcer Mahindra Satyam and its auditor PwC have paid a total of $16m to end a US investigation into fraud charges. The Securities and Exchange Commission said yesterday that failings by five PwC Indian subsidiaries allowed the massive fraud to go undetected for years. It said the problems were not …
John Oates, 06 Apr 2011
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No legal privilege for accountants, says Court of Appeal

The right to keep correspondence and documents relating to legal advice secret does not exist when the person giving the advice is an accountant, the Court of Appeal has ruled. Legal professional privilege (LPP) is the right of a person or company to communicate with their lawyer in secret. Even in a trial that communication …
OUT-LAW.COM, 18 Oct 2010
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Huge jobs loss to follow public sector cuts

Half a million private sector jobs are likely to be lost as a result of public sector spending cuts. Predicted public sector cuts could mean 186,000 fewer jobs in business services and 47,000 fewer people employed in transport and communications. Add to that job losses from the construction, manufacturing and hospitality …
John Oates, 13 Oct 2010
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Deutsche Telekom CEO questioned over bribery claims

German prosecutors searched the home of Deutsche Telekom CEO Rene Obermann in August, it has emerged, and have questioned staff about alleged bribes paid in the form of dividends to stifle Macedonian competition. The investigation was kicked off in 2007 by the US Securities and Exchange Commission, which were tipped off when …
Bill Ray, 15 Sep 2010
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ECJ ruling puts VAT on salary sacrifice schemes

Drugs giant Astra Zeneca should pay VAT on retail vouchers given to staff that form part of a salary sacrifice scheme, the European Court of Justice (ECJ) has said. The ruling could derail some similar schemes. Salary sacrifice schemes operate by allowing employees to receive vouchers or benefits instead of part of their …
OUT-LAW.COM, 19 Aug 2010
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Hurd's HP legacy: Dell racer, IBM chaser

Somewhere in California, Carly Fiorina must nearly have choked to death from laughter while stumping for a US Senate seat as news of her successor's sudden departure broke following a sexual-harassment probe. It has not been an easy five years for Mark Hurd, the former president, chief executive officer, and chairman of HP, …
The Register breaking news

Student Loan Co writes off boss and chairman

Ralph Seymour-Jackson, the chief executive of the Student Loan Company and its chairman John Goodfellow have fallen on their swords following last year's failures. An interim chairman has been appointed while the board searches for an interim chief executive. Problems with the document-scanning system led to long delays for …
John Oates, 26 May 2010
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Garlands folds: 1000 call-centre jobs axed in Northeast

Garlands Call Centres has gone into administration with the likely loss of 1,000 jobs in the north east. The firm, which worked with Vodafone, TalkTalk and Virgin Media among others, promised better staff development than many call centres are infamous for. It had centres in Hartlepool Marina, Middlesborough and South Shields …
John Oates, 18 May 2010
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Industry groups leap to Chip and PIN's defence

Analysis Banking industry suppliers have lined up to defend Chip and PIN, following the release of research last week from Cambridge University demonstrating how cybercrooks might be able to bypass security controls on credit and debit card transactions in shops. A four man team from Cambridge University demonstrated how it might be …
John Leyden, 18 Feb 2010
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Analysts predict early upturn this year for tech deals

The number of technology company mergers and acquisitions fell by 60% and the value of those deals by 52% last year, according to figures produced by consulting form PricewaterhouseCoopers (PwC). Though deal-making slumped to levels last seen in 2003, PWC analysts have claimed that UK deals will soon pick up in number and …
OUT-LAW.COM, 26 Jan 2010
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IBM munches BPM maven Lombardi

IBM has acquired privately held business process management software niche player Lombardi, an outfit based in Austin, Texas. IBM says that its middleware stack needed some BPM tools that allowed for people and the departments they work in to be wrapped in the loving embrace of workflow software like ERP and content management …
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Darling upsets almost everyone

The Chancellor's pre-Budget report got a distinctly mixed reaction from business and technology groups. Although tax cuts for companies focussed on research was welcomed, no-one welcomed the hike in National Insurance. The Federation of Small Businesses welcomed the delay in the 1p increase in corporation tax for smaller firms …
John Oates, 10 Dec 2009
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Tax regime fails to help UK technology sector, says PwC

Despite the wide range of tax relief available, over two thirds of UK technology companies do not believe the current tax regime fuels enterprise in the UK, according to a survey conducted by PricewaterhouseCoopers. Its survey found that measures introduced in the 2009 Budget are not reaching the majority of the domestic …
OUT-LAW.COM, 13 Nov 2009
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Overland hurls PwC auditors overboard

Overland Storage management seems to have taken exception to PricewaterhouseCoopers' auditing of its accounts and fired the firm. For the past two financial years PwC has added a stern warning to the accounts, saying that there was substantial doubt about Overland's ability to continue as a going concern. While even accountants …
Chris Mellor, 20 Oct 2009
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Picsel administrators sell assets to former managers

Former managers of Picsel Technologies Ltd have stepped in to buy up the assets of the defunct software development company, including the patent portfolio and the 50 remaining employees. Glasgow-based Picsel went into administration in July, when PricewaterhouseCoopers was appointed as administrator and set out to find a …
Bill Ray, 16 Oct 2009
The Register breaking news

Picsel Technologies goes dark

Updated The future of Picsel Technologies is in doubt today after its website disappeared amidst claims that it has gone into administration. Sources claimed last night that PricewaterhouseCoopers had been appointed as administrators of the Renfrew-based firm. Meanwhile, the website appears to have vanished off the internet. When we …
Bill Ray, 16 Jul 2009
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Google's real YouTube strategy

Telco 2.0 There is an ongoing debate about the size of the losses at YouTube and for how much longer the parent, Google, can afford to fund its errant child’s excessive lifestyle. Credit Suisse put a high price on it; Brough Turner criticised their analysis; RampRate decisively debunked it. The debate has focused upon YouTube as a …
Telco 2.0, 26 Jun 2009
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Rebrand ahoy for tainted Satyam

Indian outsourcer Satyam is to rebrand itself in order to draw a line under the revenue-boosting shenanigans of its ex-chief executive and founder, who is still awaiting trial. Ramalinga Raju admitted falsely inflating Satyam revenues by about $1bn. He is still awaiting trial along with two auditors from PwC accused of signing …
John Oates, 23 Jun 2009