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PwC: software patents threat to Europe

Services and accountancy firm Price Waterhouse Coopers has formally identified software patenting as a threat to the growth and success of ICT in Europe. In a report prepared this summer for the Dutch EU presidency, PwC lists ten ICT breakthroughs it says are needed to resume the pace of growth Europe experienced during the IT …
Lucy Sherriff, 15 Sep 2004
The Register breaking news

PwC boosts IBM's coffers

IBM's massive services business carried the company in its first fiscal quarter of 2003, off-setting losses in hardware sales. IBM generated $1.4 billion in net earnings for the quarter, which is an 8 percent increase over the same period a year ago. This gain came on $20.1 billion in revenue -- an 11 percent rise year-on-year …
Ashlee Vance, 15 Apr 2003
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

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 …
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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 sectors …
John Oates, 13 Oct 2010
grab_that_cash

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
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
The Register breaking news

HP walkout threat to PwC

Hewlett-Packard will walk away from the planned takeover of Price-Waterhouse-Cooper's consultancy business, unless the price is reduced, CEO Carly Fiorina said yesterday. Initially, the two sides had agreed a price in the $17-18 billion range. But HP's share price has fallen since then, in common with other IT hardware and …
Drew Cullen, 01 Nov 2000
The Register breaking news

Sugar-daddy love runs out for hard-up Valley firms

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

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

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
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
The Register breaking news

Ten things we'd like to see in the Budget – PwC

Ahead of tomorrow's Budget, PricewaterhouseCoopers' (PwC) technology division has published a list of ten things it would like to see included in the Chancellor's speech. The ten points are, PwC says, ways in which Budget 2000 can give the UK IT industry a boost. Here, reproduced in full, is the PwC top 10 things the hi-tech …
Sean Fleming, 20 Mar 2000
The Register breaking news

Is this the Future? PwC's Team of Champions

The secret, if you're PricewaterhouseCoopers*, it's epileptic video, a techno soundtrack and a riveting combo of talent on the stage. Of course, getting Sun and Microsoft to share a podium without bloodshed is probably an achievement worth trumpeting, even if their seats were separated by the head of ad agency BAM/SSB. The …
The Register breaking news

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 value …
OUT-LAW.COM, 26 Jan 2010
The Register breaking news

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

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 buyer …
Bill Ray, 16 Oct 2009
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Organisations still don't know much about data protection

Over half of financial services firms do not know where all their customer and employee personal data is stored, according to a survey by auditors PricewaterhouseCoopers (PWC). Despite the fact that financial services firms hold extremely sensitive data on their customers, 54 per cent of those surveyed by PWC said that they did …
OUT-LAW.COM, 13 Jan 2009
The Register breaking news

Picsel Technologies goes dark

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
The Register breaking news

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 PwC …
Bill Ray, 15 Sep 2010
The Register breaking news

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
The Register breaking news

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 salary …
OUT-LAW.COM, 19 Aug 2010
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Satyam finds bankers to find it funding

Indian outsourcer Satyam has appointed two investment banks to help it find long term funding. Avendus and Goldman Sachs are talking to banks and are dealing with immediate operating expenses. Satyam has also lined up cash for January salaries from money received. Board member T N Manoharan said Satyam had received proposals …
John Oates, 28 Jan 2009

Are we in the middle of a PATENT BUBBLE?

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

Data, not software, paves the road to riches

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
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Indian Feds arrest more for Satyam fraud

The Central Bureau of Investigation - India's federal investigators - have arrested three of Satyam's financial staff they believe were involved in the fraud. The beancounters are suspected of helping Satyam's founder Ramalinga Ramu forge documents to provide evidence of inflated revenues to auditors. Ramu wrote a bizarre letter …
John Oates, 07 Apr 2009
The Register breaking news

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 and …
OUT-LAW.COM, 18 Oct 2010
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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
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Satyam shortlists bosses and banks

Satyam's board of directors is expected to announce a new CEO and CFO this week, and is also close to finding short-term funding. Last week they said the list had been narrowed down to three names. The group also expects to have funding in place by Wednesday. The board meets tomorow for final discussions but said the firm's …
John Oates, 26 Jan 2009
homeless man with sign

Satyam board mulls buyers shortlist

Satyam's government-appointed board of directors met today to look at bids received for the company - the deadline for registering interest was last night. Directors have appointed former Chief Justice of India SP Bharucha to oversee the process. Interested bidders have until next Friday to provide proof of funds totalling at …
John Oates, 13 Mar 2009
globalisation

Satyam loses Oz contract

Australian telco Telstra is pulling the plug on a A$32m contract with Satyam and handing the work to EDS. The telco's annual applications support contract will not be renewed, despite a visit from Satyam's chief executive A S Murty last week. Telstra refused to confirm the move, revealed by the Australian, because it does not …
John Oates, 16 Mar 2009
The Register breaking news

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
graph up

Is Quantum shopping itself around?

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 goes shopping for tech firms

The UK went against tradition last year and became a net investor in technology companies, according to a new report. Year-end figures for technology mergers and acquisitions from PricewaterhouseCoopers (PwC) Corporate Finance show that UK companies acquired 33 technology businesses worldwide in 2005, while just 24 UK companies …
Startups.co.uk, 02 Feb 2006
The Register breaking news

US sees record jump in e-ad revenues

Online ad revenues in the US jumped 30 per cent in 2005 as spending on online advertising continued to grow at a "healthy rate". The latest figures from the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) showed that overall internet advertising revenues for the US hit a record $12.5bn during last year. …
Team Register, 21 Apr 2006
The Register breaking news

Revenue pledges data security...by 2011

HMRC's latest report reveals the department hopes to have fully implemented the recomendations of the Poynter review into data security by June 2011. Kieran Poynter of PWC was appointed to review procedures after the Revenue transferred 25 million people's child benefit records onto two unencrypted discs and popped them in the …
John Oates, 09 Jan 2009
The Register breaking news

Business getting clever about IP?

In the West, litigation is so last century. These days, intellectual property is all about the value and the strategy. So says a new report from consultants at Pricewaterhouse Coopers (PwC). But in the emerging economies, protecting intellectual property is a battle on the most basic levels: warehouses are being raided to …
Lucy Sherriff, 19 Jun 2007
The Register breaking news

e-ad spend on the up

Spending on interactive advertising jumped by a third last year racking up a record $9.6bn, according to a report by the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC). Half of the cash splashed out on e-ads was spent by consumer advertisers while the computing and telecoms sectors made up almost a …
Tim Richardson, 29 Apr 2005
The Register breaking news

UK online ad market spend sets new record

Spending on online advertising in the UK looks set to top £1bn in the UK for the first time, fuelled by increased use of broadband. In the first six months of the year internet advertising expenditure hit £490.8m - up 62 per cent compared to the same time last year - while for the year to June ad spend was £865m. According to …
Tim Richardson, 04 Oct 2005
The Register breaking news

Kingston Comms confirms bid approach

Kingston Communications - the telco that operates from a BT-surrounded enclave in Hull - is the latest outfit to receive a bid approach. In a statement today the company confirmed that "has received an approach that may or may not lead to an offer for Kingston Communications. "The approach contains a number of conditions and …
Tim Richardson, 10 Nov 2005
The Register breaking news

Police give up on lost CDs

UK police are to stop searching for the missing child benefit CDs early next week. Chancellor Alistair Darling is to announce measures on Monday to prevent a repeat performance of the data loss, and will call a halt to the search. The search was downgraded last week from 47 detectives to 32. At the same time, a £20,000 reward …
John Oates, 14 Dec 2007
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Can IBM's Euro problems continue?

This story has expired from The Register's archive. You can now find it at its original location on the Forbes.com website: http://forbes.com/technology/2005/05/05/cx_ld_0505ibm1.html?partner=theregister. chart
Lisa DiCarlo, 06 May 2005
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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 …
The Register breaking news

Atlantic Telecom jettisons 250 jobs

Half the jobs at Atlantic Telecom are to be axed following the appointment of administrators at the debt-ridden telecoms outfit. Around 250 jobs are to go in Scotland, Manchester and London as PricewaterhouseCoopers (PwC) attempts to clear around £300 million owed to creditors. A number of offers have been received for the …
Tim Richardson, 09 Oct 2001
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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 …
The Register breaking news

Darling admits Revenue loss of 25 million personal records

Alistair Darling told the House of Commons this afternoon that a police investigation has been launched into how Her Majesty's Revenue and Customs has lost child benefit records relating to 25 million people. Records for 25 million people, relating to child benefit payments for 7.25 million families, were sent using the HMRC's …
John Oates, 20 Nov 2007
The Register breaking news

Police Complaints joins inquest into Darling data giveaway

Police complaints authority the Independent Police Complaints Commission (IPCC) is to investigate the loss of 25 million private records by Her Majesty's Revenue and Customs (HMRC). The loss of two CDs containing the UK's entire child benefit database is now being investigated by: the Metropolitan Police, an inquiry led by …
John Oates, 21 Nov 2007
The Register breaking news

Internet advertising soars in the US

Online advertising revenues in the first half of this year soared to a new high of around $5.8 billion in the US – up 26 per cent over the first half of 2004, according to figures released yesterday by the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC). Revenue for the second quarter of 2005 totalled $2. …
OUT-LAW.COM, 28 Sep 2005
The Register breaking news

IBM tells 600 workers to cash in their chips

Six hundred heads will roll right out of IBM's gimpy semiconductor business over the next 60 days. Close to 500 workers will be axed from IBM's Essex Junction, Vermont fab with another 100 workers being trimmed elsewhere. A total of 3,000 employees will be asked a take a week off without pay to help the struggling unit. IBM's …
Ashlee Vance, 18 Aug 2003
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The incredible vanishing Satyam boss

Satyam's founder and chairman B Ramalinga Raju has disappeared, a day after he admitted to years of false accounting at the outsourcing giant. Raju's lawyer insisted his client remained in Hyderabad despite conflicting reports that he had fled to Dubai or Texas. He has not been seen in public since yesterday's extraordinary …
John Oates, 08 Jan 2009