Articles about S Board

It's a date: Hard-pressed Samsung prepares for shareholder love-in

Samsung's top brass will go public tomorrow about ways to beef up shareholder value on the back of continued calls from activist investor Elliott Management's to break up the South Korean business. Just as the chaebol extinguished one fire – the exploding Galaxy Note 7 recall – yet another has ripped through the boardroom with …
Paul Kunert, 28 Nov 2016

Imation agrees deal to offload Nexsan to private equity

+ Comment Imation has reached an agreement to sell its Nexsan storage array and Connected Data subsidiaries to private equity company Spear Point Capital Management in a non-cash deal. The stock purchase agreement is detailed in an Imation 8K SEC filing. Here's a timeline of the relevant events: Jan 2013 - Imation buys Nexsan for $ …
Chris Mellor, 24 Nov 2016

Hyperloop One settles hangman lawsuit

The extraordinary lawsuit/soap opera surrounding tube-travelling Hyperloop One has been brought to a close. On Friday, the company reached a confidential settlement with four former employees who had seemingly tried, and failed, to stage a management coup earlier this year. "Hyperloop One is pleased to announce that it has …
Kieren McCarthy, 18 Nov 2016
A 56k dial-up modem

RIP EarthLink, 1994–2016: From AOL killer to regional ISP's attic

Turn-of-the-millennium internet giant EarthLink has been acquired and will be absorbed into the brand of a regional US ISP. Windstream Holdings said that it will gobble EarthLink in an all-stock transaction that includes assuming $436m of the former dial-up giant's debt. Upon closing, EarthLink employees and executives will …
Shaun Nichols, 07 Nov 2016
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Why Oracle's Larry Ellison shelled out $9bn for NetSuite

Analysis NetSuite's 18-year run as an independent ERP SaaS provider is over after shareholders approved Oracle's $9.3bn acquisition of the firm. Larry Ellison scraped up a narrow majority of unaffiliated shares to land one of Silicon Valley's early SaaS pioneers. Ellison got 53.21 per cent of unaffiliated shares, 21,775,553. Oracle's …
Gavin Clarke, 07 Nov 2016

That time Brian Krzanich had dinner with Elon Musk, Marc Benioff, David Blaine and Lars from Metallica

Intel CEO Brian Krzanich doesn't read books. "I don't read. I don't read books. I don't have time," said BK – as everyone at the chip company calls him – on the second day of the Intel Capital Global Summit. "The last book I read was on the technology of welding; I decided one day I would teach myself how to weld." That …
Kieren McCarthy, 25 Oct 2016

Oh God, here comes the artificially intelligent boss bot – look busy!

Finnish IT services firm Tieto has added software to a leadership team that oversees a recently formed data-focused business group. The bot, or "artificial intelligence agent," is referred to as Alicia T. It will have "the opportunity to participate in team meetings and cast a vote on business direction," according to the …
Thomas Claburn, 19 Oct 2016
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Cyanogen mods self away from full Android alternative

Android alternative Cyanogen looks to have given up on trying to sell a full mobile operating system. The shine has gone off the outfit of late, and in July, it reportedly axed 30 staffers. While there's a core of users who stick with the CyanogenMod code that's the genesis of the company, mobe-makers taking Cyanogen licenses …
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Brace yourself, Samsung: Activist investor Elliot's in an arm-twisting mood

Analysis Activist investor Paul Singer's Elliott Management is not shy about on taking on the world's biggest companies, and now it wants Samsung to bend to its will, splitting in two and paying shareholders an eye-watering $27bn. Elliott famously tried to seize an Argentinian war ship in its pursuit of a payout from the embattled …
Chris Mellor, 10 Oct 2016

Puppet names new CEO

Orchestration and automation darling Puppet has replaced its founder and CEO Luke Kanies with former VMware APAC leader, EMC CIO and Microsoft man Sanjay Mirchandani. Kanies will remain on the company's board, where Mirchandani will join him as a director. The change of leadership is billed as a “the new guy has more business …
Simon Sharwood, 27 Sep 2016
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Violin hunts for elusive key to regrowth

Analysis The elusive hunt for renewal and regrowth at Violin Memory has moved into a new phase – with a product launch holding up sales, sales leadership change, and the CEO focusing on finding funding for the future. Violin has cleverly managed to avoid falling off a cliff despite falling sales revenues and investor despair. It …
Chris Mellor, 26 Sep 2016

The Great British domain name rip-off: Overcharged .uk customers help pay for cheaper .vodka

UK domain name holders are being overcharged while the company behind it wins contracts by undercutting the market in what may be illegal market abuse. In recent months, Nominet has signed a number of contracts with commercial operators of dozens of internet extensions ranging from .boston to .vodka. More deals are in the …
Kieren McCarthy, 26 Sep 2016

ICANN latest: Will the internet be owned by Ted Cruz or Vladimir Putin in October?

Analysis The battle over the internet's critical IANA contract shows no sign of being resolved – with just two weeks to go until it is due to be handed over to internet oversight organization ICANN. Thursday 15 September would have been the day that the Department of Commerce formally informed ICANN by letter that it intended to extend …
Kieren McCarthy, 16 Sep 2016
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Investors resist Larry Ellison's $9.3bn NetSuite deal

Influential investors are opposing NetSuite’s $9.3bn acquisition by Oracle for selling their firm short. The cloud pioneer’s single largest unaffiliated shareholder, T Rowe Price Associates, has written to NetSuite’s board in a letter here explaining why it won’t hand over its stock for the deal. It raises a major question …
Gavin Clarke, 08 Sep 2016
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UFC champ boards VMware

In a colossal non-surprise, Michael Dell has been elected chairman of VMware's board. Egon Durban's also won a seat: he's the managing partner and managing of Silver Lake, the private equity firm bankrolling plenty of Dell's investments. Durban also sits on the board of UFC - yup, that the Ultimate Fighting Championship, the …
Darren Pauli, 08 Sep 2016

HPE crams unloved software down Brits' throats – then charges them $9bn to swallow it

Hewlett Packard Enterprise will eject its non-core software business in what it calls an $8.8bn "spin merge" deal with UK-based Micro Focus. HPE's big data, security, and IT management products – including some of its ex-Autonomy assets – will be spun out into a new company that will merge with Micro Focus. That's a software …
Shaun Nichols, 08 Sep 2016
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Japan's Brexit warning casts shadow over Softbank ARM promises

Japan fired a shot across Britain's bows at the G20 yesterday, publishing a “message to the United Kingdom” warning that Japanese companies might relocate their head offices out of the UK if Brexit trade negotiations with the EU don't favour them. The 15-page document, couched in the clipped yet polite prose of international …
Gareth Corfield, 05 Sep 2016

Fake Twitter accounts, coup plots ... Wacky Hyperloop One lawsuit turns it up to 11

The extraordinary legal fight at Hyperloop One has grown even crazier – with the company claiming former CTO Brogan BamBrogan planned a detailed coup of the business. An amended complaint [PDF] filed Wednesday in a Los Angeles court includes several new accusations about cofounder BamBrogan, including the claim that he held …
Kieren McCarthy, 31 Aug 2016

FBI: Look out – hackers are breaking into US election board systems

IT admins have received a flash warning from the FBI to harden up their systems following attacks against servers run by two US state election boards. The security advisory states that the security breaches in June and August emanated from IP addresses around the world and involved Acunetix, SQLMap, and DirBuster tools. It …
Iain Thomson, 29 Aug 2016
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Data-viz biz Tableau Software brings ex-AWS exec to the table

Data-visualisation business Tableau has announced that a former AWS executive, Adam Selipsky, is to come in as the new president and CEO in September as the company seeks to transform itself into a grown-up business. A marketing man at Amazon Web Services, Selipsky was with the cloud giant pre-revenue; it now brings in more …
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Pivot3 positions itself for possible IPO

Is an IPO being planned? Hyper-converged system supplier Pivot3 says it had record growth in the first half of 2016, with a 103 per cent revenue increase and more than 400 new customers, and has hired a new CFO. Bill Stover has been appointed Pivot3's finance head. Mike Dansby was the prior CFO, serving from June 2014 to July …
Chris Mellor, 13 Aug 2016

Avnet's interim CEO is here to kick sales team ass and play golf. And he's all out of golf balls

Avnet's new acting CEO has started the clock ticking on a corporate turnaround – after he talked up ideas to overhaul a business that has disappointed Wall Street's moneymen. Former Lenovo boss Bill Amelio – who’s been on Avnet’s board for the past two years – was made interim chief in July, and last night fronted his maiden …
Paul Kunert, 11 Aug 2016

#Censusfail aftermath: Here's what's happening inside Australia's board rooms this morning

Oh to be a fly on the wall in the boardrooms of the Australian Bureau of Statistics (ABS) or IBM Australia today, after online census capture form the latter created for the former was taken down after unspecified attacks. We've been able to do the next-best thing, however, by asking some IT leaders of our acquaintance – folks …
Simon Sharwood, 10 Aug 2016

'ICANN's general counsel should lose his job over this'

Interview It has been four years since Shaul Jolles, as CEO of Dot Registry, filed applications for five new internet extensions – .corp, .inc, .llc, .llp and .ltd – and wrote a check for just under $1m to have them considered by domain name system overseer ICANN. Unlike the other applicants for the three US corporate entity suffixes . …
Chris Williams, 04 Aug 2016

Simply not credible: The extraordinary verdict against the body that hopes to run the internet

In an extraordinary judgment, the organization that hopes to take over running the top level of the internet later this year has been slammed by an independent review as at best incompetent and at worst deliberately mendacious. The decision [PDF] by ICANN's Independent Review Panel (IRP) over the organization's decision to …
Chris Williams, 03 Aug 2016

Google and GlaxoSmithKline fling £540m at bioelectronic meds firm

Google and drug giant GlaxoSmithKline are spending £540m on a new joint venture, Galvani Bioelectronics, in a bid to develop and commercialise bioelectronic medicine. The partnership between Verily Life Sciences, previously known as Google Life Sciences, and GSK, will boost the British pharmaceutical giant’s efforts in …
Katyanna Quach, 01 Aug 2016

Beer merger dwarfs EMC/Dell

Two of the world's largest brewers are set to merge. Anheuser-Busch InBev is already the world's largest brewer, producing Stella Artois, Budweiser, Becks, Leffe and Corona, among many others. The company has, of late, stalked rival SAB Miller, producer of Coors, Miller, Fosters, Peroni, Grolsch and plenty more. SAB Miller …
Simon Sharwood, 01 Aug 2016

Give .gay to the gays, roars exiting ombudsman

The independent ombudsman at DNS overseer ICANN has used his last day on the job to fire a broadside over the ".gay" top-level domain. In a ruling published on his own website, Chris LaHatte argues that the organization's board should reject a recommendation by its own governance committee (BGC) and should grant special …
Kieren McCarthy, 29 Jul 2016

Citrix's GoTo goes to LogMeIn in $2bn merger

LogMeIn has effectively taken over Citrix's unwanted GoTo business. The merger comes after Citrix axed 1,000 staffers in November and threatened to spin off GoTo. The gobble is worth $1.8bn in shares, and effectively puts remote desktop developer LogMeIn in charge of GoTo, Citrix's remote access and conferencing family. …
Chris Williams, 26 Jul 2016
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Verizon tipped to buy Yahoo! for US$5bn

Markets are bracing for a Monday puzzle: why on earth does Verizon think it is worth spending US$5bn on Yahoo!? Financial news outlets are alive with people-familiar-with-discussions-fed reports that Verizon and Yahoo! have stopped flirting with anybody else and will soon announce that each has a nice new toothbrush in the …
Simon Sharwood, 25 Jul 2016

Internet exchange Linx cuts peering prices by 40% after rip-off claims

The London Internet Exchange (Linx) has announced it will slash prices – just one month after the non-profit was pointedly criticized for charging too much. The internet exchange point is Europe's largest provider of internet interconnect services and announced this week it would cut the cost of its LON2 port fees by 40 per …
Kieren McCarthy, 20 Jul 2016

EMC: Sales flat but wallets fat. Ready to vote on the merger?

EMC-Dell deal EMC saw totally flat revenues in its second quarter but profits rose 19 per cent. It could have been better as late orders couldn't be fulfilled. Revenues were a straight $6bn, unchanged from a year ago but up 9.6 per cent sequentially. They were $5.9bn two years ago so EMC is arguably standing still revenue-wise. Net income …
Chris Mellor, 19 Jul 2016
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Softbank promises stronger ARM: Greater overseas reach and double the UK jobs

Brit-tech success poster child ARM holdings is to be acquired by Japanese telecom multinational Softbank. ARM, whose chip designs drive the majority of the world’s smartphones, is under offer for a remarkable £24.3bn - a premium of 43 per cent over current stock price. Softbank, whose last yearly revenue totalled 19.5 …
Gavin Clarke, 18 Jul 2016
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Tor veteran Lucky Green exits, torpedos critical 'Tonga' node and relays

Tor's annus horribilis continues, with one of its earliest contributors, Lucky Green, quitting and closing down the node and bridge authority he operates. Green's announcement is here, and in full below. He specifically declines to describe why it is “no longer appropriate” to take part in Tor, nor why he believes he has “no …

Springpath to focus on Cisco OEM development

Springpath is becoming a Cisco-only development shop, we hear. It’s going to concentrate on its Cisco OEM deal for the hyper-converged Data Platform product and we’re hearing it will defocus from other marketing and selling activities. The hyper-converged infrastructure area is a high-growth one. EMC converged systems …
Chris Mellor, 15 Jul 2016

Peglar on the hoof: Micron flash and XPoint VP legs it

Eighteen months after joining Micron as VP of Advanced Storage Solutions, Rob Peglar has thrown in the towel and resigned to take up a post elsewhere. He worked in Micron's storage business unit, headed up by Darren Thomas: the unit responsible for helping Micron flash HW components and software play a part in storage systems …
Chris Mellor, 08 Jul 2016
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Violin's reverse stock split

To avoid NYSE delisting because its stock price has been less than $1.00 for too long, Violin's board has approved a 4:1 reverse stock split. The struggling all-flash array pioneer has also gained a new board member, Bruce Grant, who has bought a 14.5 per cent stake in the company – comprising approximately 15 million shares …
Chris Mellor, 01 Jul 2016
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Cook's role on Nike board

Tim Cook has just done it, following the retirement of Nike founder Phil Knight, and been appointed as lead independent director on its board by new CEO Mark Parker. With the vast majority of its produce coming from factories regularly criticised for their sweatshop-like working conditions, the Apple CEO will immediately begin …

Violin goes for reverse stock split

As expected, Violin Memory has decided on a reverse stock split to avoid NYSE delisting, as its stock price is too low. The delisting criteria are based on a stock's price being less than $1, on average, for 30 days, and Violin easily passed under that bar back in January, and has stayed mostly under it since. Violin's board …
Chris Mellor, 24 Jun 2016

$70m bid for Rightside

A tussle between two of the largest companies running new internet extensions has broken out, with Donuts offering $70m in cash for part of competitor Rightside. According to a letter from Donuts CEO Paul Stahura, made public on Friday, the company has requested a meeting to discuss a possible purchase of Rightside's generic …
Kieren McCarthy, 24 Jun 2016
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You've got petabytes of unused storage, says Formation. Er, do we?

Formation Data Systems says there is stranded storage capacity in virtual server environments., The firm says it can locate this in servers and storage across a data centre, pool it, and provision it as a flexible shared storage pool, giving extra storage capacity with no extra hardware purchase. How much? Oh, terabytes or …
Chris Mellor, 20 Jun 2016

Fresh hell for TalkTalk customers: TeamView trap unleashed

TalkTalk customers are getting caught up in the TeamViewer remote-control PC seizure storm. Customers of the ISP with TeamViewer accounts say they are being hit by opportunists trying to seize control of their PCs. Faced with this fresh assault on their long-suffering customers’ privacy, TalkTalk’s board will discuss the …
Gavin Clarke, 13 Jun 2016

Dragons' Den-run cloud biz Outsourcery close to sale – sources

Cash-strapped AIM-listed infrastructure services biz Outsourcery – co-run by former Dragons' Den badass Piers Linney – is close to wrapping up a pre-pack administration, multiple sources have told The Register. Trading in the firm's shares was suspended on Friday after top brass postponed publication of last year's results and …
Paul Kunert, 07 Jun 2016
Archive

Brit upstart Arkivum gets new CEO

UK Archiving-as-a-Service product startup Arkivum has a new CEO, Guy Yaniv, who has been appointed three months after its new chairman, Jim McKenna, took office. Yaniv was general manager of customer experience analytics at NICE Systems, recently leading its cloud-based Big Data Customer Analytics Division. He moves into the …
Chris Mellor, 06 Jun 2016
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Flashy startup E8 set to launch after cash injection

NVMe flash array startup E8 Storage has snagged a $12m B-round of funding. The money comes from Accel Partners, which gets a board chair, and existing investors Magma Venture Partners and Vertex Ventures. It will be used to double the research and dev head count in E8's Israeli office, hire a sales and marketing team in the US …
Chris Mellor, 11 May 2016
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Q. What's orange and white, has a new CEO but is red all over? A. Teradata

+Comment Data warehouse and biz intelligence wrangler Teradata made a loss in its first quarter of 2016. It also recruited a new CEO to get the company motoring again. The new broom is 67 years old, and you don't need big-data analytics to see he won't be around for long. Teradata's revenues for the three months to March 31 were $545m …
Chris Mellor, 05 May 2016
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Ford tops up Pivotal's $253m cash slurp, parks CIO on its board

Ford is pumping a hefty $182.2m into platform-as-a-service spinner Pivotal as part of a key strategic stake. The car company announced the investment in the three-year-old EMC spin-out, adding that its chief information officer, Marcy Klevorn, is also joining Pivotal’s board. Ford is the lead investor in a funding round that …
Katyanna Quach, 05 May 2016
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Opower, my power: Oracle spends $532m to get some utilities cloud, er, power

Oracle has announced it will acquire Opower in a $532m deal to close by the end of 2016. Virginia-based Opower, which stores and analyses more than 600 billion meter reads from 60 million utility end-customers, is a public company. Its shares were up 29 per cent in pre-market trading on Monday after Oracle declared it would …
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Marvell leans to Starboard

Marvell Tech and activist investor Starboard Value have reached a deal. Starboard Value has been agitating for board changes. Those were resisted by Marvell's wife-and-husband founding team of CEO Sehat Sutardja and president Weili Dai, who were ditched earlier this month. The agreement adds five independent directors to …

Apple will be grilled by Irish National Planning Board over €850m data centre plan

Apple's plan to build a €850m (£658m) data centre in Galway, Ireland is to face fresh scrutiny in an oral hearing next month, following a number of environmental objections – including disturbance to bats and badgers. The 30,000m2 data centre is intended to house European Apple consumers' iStuff. Apple had expected that the …
Kat Hall, 27 Apr 2016