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Dell logo in crosshairs

Icahn and Southeastern try to hamstring Mike Dell's buyout bid

Investor Carl Icahn and fund Southeastern Asset Management have proposed an alternative to the Mike Dell-led buyout of Dell. In a letter to the PC firm's board, Icahn and Southeastern said they reckoned Dell shareholders should get the option to hang onto holding stock in Dell and take an additional $12 in shares or cash. The …
HP CEO Meg Whitman

HP CEO Meg Whitman dons TRIPLE CROWN of POWER

HP CEO and president Meg Whitman has consolidated power at the top of the corporation by taking on the role of chairman as well. The manoeuvring comes days after HP confirmed that Ralph Whitworth is to step down due to health concerns, the exact nature of which were not revealed. Whitman joined HP's board at the start of 2011 …
Paul Kunert, 18 Jul 2014

Investors eye Yahoo!'s future as China's Alibaba files for US IPO

Chinese e-commerce giant Alibaba filed paperwork with the US Securities and Exchange Commission on Tuesday for its much-anticipated initial public offering, a move that could have dramatic implications for Yahoo! and other US businesses. Tuesday's SEC filing indicated that Alibaba is seeking to raise $1bn, but that's just a …
Neil McAllister, 07 May 2014

Oh, a Wyse guy, eh? Why I oughta make you Nexenta's new CEO

ZFS-storage software supplier Nexenta has changed its CEO for the second time in eight months, going for a popular exec from the ranks of IT's great and good: Tarkan Maner. Nexenta, which provides the Open Solaris and ZFS-based NexentaStor software storage OS, positions itself as the software-only answer to vendors who fear the …
Chris Mellor, 29 Aug 2013
The Register breaking news

Murdoch junior QUITS board of Sun publisher

James Murdoch has sensationally resigned from News Group Newspapers' board of directors, thereby seemingly turning his back on News International's remaining British publications: The Sun, The Times and the Sunday Times. A filing at Companies House, first spotted by the Evening Standard, revealed that Murdoch quietly resigned …
Kelly Fiveash, 23 Nov 2011
Facebook

Netscape daddy's VC firm dumps $60m of Facebook stock

Facebook director Marc Andreessen's venture capital firm has sold off a chunk of its stake in the social network, netting itself around $60m. Andreessen Horowitz offloaded 1.2 million shares in the firm at between $49 and just over $50, according to a regulatory filing by Facebook. Andreessen helped set up browser firm Netscape …
Steve Crocker, ICANN chairman

The future health of the internet comes down to ONE simple question…

When was the last time you gave any thought to how the internet actually works? Despite the extraordinary and never-ending growth in people and devices that connect to the internet every second of every day, we have never seen the equivalent of Twitter’s Fail Whale. The internet, as a whole, just doesn’t go down. There are two …
Kieren McCarthy, 23 Oct 2014
Dunce

Symantec fires CEO Steve Bennett: To lose 1 chief is unfortunate, to lose 2 is OK, apparently

Symantec has fired its second CEO in two years: the company's chief exec, president and former board chairman Steve Bennett was today shown the door after less than 18 months on the job. "We recognize Steve's contributions to Symantec, including developing and leading a series of successful initiatives focused on organizational …
Iain Thomson, 20 Mar 2014
The Register breaking news

Medvet board to investigate privacy breach

Medvet, the paternity-and-drug-testing laboratory owned by the South Australian Government that allowed Google to index its customer records until last weekend, says it will investigate how the breach occurred. According to the Australian Broadcasting Corporation’s PM radio programme on Monday evening, the breach affected more …
Ebay logo outside of the company's HQ

PayPal row heats up as eBay chair calls Icahn claims 'false and misleading'

eBay chairman Pierre Omidyar has said activist investor Carl Icahn's comments about the firm are "false and misleading" as the row over the fate of PayPal heats up. In one of his notorious open letters to shareholders, Icahn accused eBay's board of having conflicts of interest that had affected its decision not to spin off …
cloud

HP storage hobbled by board's indecision

The future of HP's vibrant storage business has been made uncertain by HP CEO and board shenanigans, culminating with the latest uncertainty over CEO Leo Apotheker. Before his dismissal, former CEO Mark Hurd relaid the foundations of the storage business by hiring David Donatelli away from EMC, buying iSCSI SAN supplier LeftHand …
Chris Mellor, 22 Sep 2011
Toshiba NAND wafer

REVEALED: Fusion-io shopped itself to 11 firms... 10 declined

Fusion-io shopped itself to 11 companies and only got one offer. A Schedule 14D-9 SEC filing about the $1.1bn SanDisk acquisition of Fusion-io reveals that: SanDisk and Fusion-io first discussed a possible commercial arrangement in Summer 2013. Fusion-io talked to other potential partners as well. SanDisk expressed acquisition …
Chris Mellor, 26 Jun 2014

Warm breeze of consolidation blows through Microsoft channel

A trickle of activity in the Microsoft small biz channel has seen Gold partner minnow Core Technology Systems devour small but perfectly formed on-prem and cloudy CRM consultancy Excitation. In a canned statement, Conor Callanan, CEO at Core, claimed the buy gives it a ready made CRM practice and “rounds out” its web-based …
Paul Kunert, 08 Sep 2014
Facebook WhatsApp

WhatsApp, Zuck? Facebook finally finishes $22bn upstart gobble

Having secured the blessing of European regulators, Facebook has completed its $21.8bn acquisition of WhatsApp. The company on Monday finalized with the US Securities and Exchange Commission that the deal, which adds up to about $50 per user account, has now been finished, complete with a $4.59bn cash payout to WhatsApp …
Shaun Nichols, 07 Oct 2014

Icahn, but Iwont: Carl the investor pest ends war with eBay

Carl Icahn has finally made peace with eBay after withdrawing his call for the auction site to divorce from its partner Paypal. The meddlesome investor has spent the last few months rudely demanding the spin off of eBay's payment service and asking for two of his aides to be put on the firm's board. After a barrage of open …
Jasper Hamill, 11 Apr 2014
Hadoop Elephant

Intel: Hey, enterprises, drop everything and DO HADOOP

How important will Big Data be to the typical enterprise IT department within the next few years? More important than any other workload, if you believe Intel. "Within a couple of years, Hadoop will be the number one application. It will be running on more servers than any other single app. It will be more common for enterprise …
Neil McAllister, 10 Sep 2014

Target topples CEO in latest data breach domino

The CEO of Target is the latest casualty of the big-box retailer's disastrous holiday data breach. The company said that chief exec Gregg Steinhafel would be leaving the company after 35 years,vacating both the CEO and president roles as well as his seat as chairman of the company's board of directors. Steinhafel had overseen …
Shaun Nichols, 05 May 2014
channel

Ex-eBay CEO lands post-purge HP board seat

Hewlett-Packard's non-executive chairman Ray Lane, who took over the board of directors following the departure of chief executive Mark Hurd, is cleaning house. Effective January 21, HP is adding five new people to the board and is showing four others to the door. The changes announced by Lane Thursday will eventually shrink the …

Flailing QLogic's boss gives up CEO, president gigs

Simon Biddiscombe, server adapter maker QLogic's CEO and the driver of its Mount Rainier flash-enhanced HBA program, has resigned "to pursue other opportunities," with a search for a new CEO underway. Biddiscombe's departure comes after two years of falling revenue and a decline in profitability. He has also left his position as …
Chris Mellor, 20 May 2013
The IDF armoured version of the Caterpillar D9 bulldozer

Construction industry outlook is bad news for Turnbull's alt.NBN plan

When Senator Stephen Conroy, Australia's former Communications Minister and the man who drove the early years of the nation's National Broadband Network (NBN) build, recently admitted that the rollout targets he signed off for the network's construction were too ambitious it was taken as further evidence his failings. Conroy …
Simon Sharwood, 29 Oct 2013
Steve Ballmer replacement search

Microsoft admits: We WON'T pick the next Steve Ballmer this year

Microsoft's board of directors will need more time to choose a successor for outgoing CEO Steve Ballmer, the company said on Tuesday. The board has been on the hunt for a new chief exec ever since Ballmer announced his plan to retire "within the next 12 months" in August, and it now looks as though the search will continue into …
Neil McAllister, 17 Dec 2013
Steve Ballmer replacement search

Microsoft veep Satya Nadella now frontrunner in race for CEO spot

Multiple sources say a decision on the new CEO is expected in the next week or so, and Microsoft's VP of cloud and enterprise Satya Nadella is emerging as the favorite. Nadella, a 22-year veteran of Redmond, isn't the most charismatic of leaders but he does have the knowledge and experience to take Microsoft away from pure …
Iain Thomson, 30 Jan 2014

Lure of OpenStack overwhelms EMC: Must ... SLURP... startup

EMC is reportedly buying the Cloudscaling Group, a software startup helping to manage clouds of OpenStack-using servers, with the deal worth less than $50m. Could EMC be following in Cisco's footsteps? Bloomberg reports the intent is for EMC's cloud strategy to integrate better with OpenStack-using systems. EMC spokesperson …
Chris Mellor, 14 Oct 2014
Microsoft Nokia logo

Cheer up, Nokia fans. It can start making mobes again in 18 months

When Microsoft swallowed half of Europe's biggest tech company, it was only a matter of time before it spat something out. And so it has, ending Nokia's thirty-year roller-coaster ride. However, the decision will make tens of million of its customers take a look at Android – surely the last thing Microsoft wanted to happen. …
Andrew Orlowski, 21 Jul 2014
arrow pointing up

Ex-General Electric boss unleashes bile on HP board

Oracle's Larry Ellison isn’t the only CEO mouthing off at Hewlett-Packard’s decision to hire Leo Apotheker as the company’s replacement for disgraced former boss Mark Hurd. Now Jack Welch, the ex-chief of General Electric, is sticking the boot in, too. According to the Wall Street Journal, Welch said in New York yesterday at the …
Kelly Fiveash, 06 Oct 2010
Gone fishing

TalkTalk's commercial director WalkWalks away from telco

TalkTalk's outspoken commercial director David Goldie has resigned from the company's board after 14 years helping the business grow. He oversaw the telco's shift from Opal to Carphone Warehouse to TalkTalk. "As one of the main architects of TalkTalk, David has made an enormous contribution to TalkTalk and in fact to the …
Kelly Fiveash, 27 Sep 2013

New Microsoft CEO Nadella could earn FOURTEEN TIMES what Ballmer banked in 2013

Newly minted Microsoft CEO Satya Nadella's salary nearly doubled on his first day in the corner office, giving him a pay package even larger than that of outgoing CEO Steve Ballmer. Nadella will earn an even $1.2m in his first year on the job, according to documents filed with the US Securities and Exchange Commission on Tuesday …
Neil McAllister, 05 Feb 2014
The Register breaking news

Japanese SoftBank's $20bn Sprint gobble clears US security hurdle

American authorities have apparently said Uncle Sam's national security will not be jeopardised by Japanese giant SoftBank's proposed takeover of US telco Sprint - clearing the way for the $20bn acquisition. The companies said they have now received clearance from the Committee on Foreign Investment in the US (CFIUS), which said …
Dell chairman and CEO, Michael Dell

Dell warns stockholders that Icahn's plan would 'hamstring' company

The battle for control of Dell between the company's eponymous founder and investor Carl Icahn is in its endgame, with both sides making last-ditch attempts to win over stockholders for Thursday's vote on Michael Dell's plans to take the firm private again. That's if the vote happens, of course. Several media outlets have …
Iain Thomson, 17 Jul 2013

Australia doubts ICANN is ready to run the internet

Australia's communications minister Malcolm Turnbull has endorsed USA's decision to hand over core internet supervisory chores to the Internet Corporation for Assigned Names and Numbers (ICANN). Calling the USA's decision “A momentous day in the history of the Internet” in a blog post, Turnbull says the USA's current involvement …
Simon Sharwood, 16 Mar 2014
Steve Barber

Hostile Xyratex investors claim CEO's scalp in aggressive haircut

Activist investors have forced out Xyratex CEO Steve Barber in their hunt for a bigger and faster return on their investment. Baker Street Capital Management has amassed a 23 per cent holding in Xyratex comprising 6.2 million shares, and believes that Xyratex's development of its ClusterStor HPC array product, following a …
Chris Mellor, 04 Apr 2013
Tetris on Game Boy

Happy Birthday Tetris: It's flipping 30

Forget the oil, forget the gas – even forget the aggressive foreign policy. The commodity that granted Russia its modern day super-wealth is clearly Tetris, which clocks up its 30th birthday today. Youtube Video Poor old beardie Alexey Pajitnov – the title’s original designer and programmer – bashed out his first attempt on a …
Giles Hill, 06 Jun 2014
For Sale sign detail

Acer boss quits after board disses his future strategy

Acer CEO and president Gianfranco Lanci has quit the computer maker, after boardroom wrangles over the company's future left him high and dry. His resignation is with immediate effect, said Acer in a statement to The Register this morning. The company's chairman, JT Wang, will take the CEO chair in the interim, while Acer …
Kelly Fiveash, 31 Mar 2011
Larry Ellison, photo by Oracle Corporate Communications

Larry Ellison looks out from his island paradise and thinks: I wanna buy the LA Clippers

Oracle supremo Larry Ellison and TV's Oprah Winfrey are ready to buy basketball team the Los Angeles Clippers after its owner Donald Sterling was booted out of the sport, it's claimed. The database head honcho, worth $50bn, and the telly talk-show titan, plus record producer David Geffen, are said to be keen to snap up the team …
Steve Ballmer and Tony Bates

Brit-boy Bates is Silicon Valley's pick for Microsoft's CEO

Could a Briton end up running quintessential American multinational Microsoft, the world’s largest software company? Or, put another way: could an exec who only briefly ran a small loss-making telco end up in charge of a $73bn business? Why the hell not, if you’ve got the Silicon Valley mindset. London boy Tony Bates, born in …
Gavin Clarke, 02 Dec 2013

Dell goes private: Stock ceases trading, now Big Mike's baby once again

It's official: Dell is now a private company. Founder Michael Dell and Silver Lake Partners have completed their acquisition of the firm in a deal valued at around $24.9bn. "Today, Dell enters an exciting new chapter as a private enterprise," Dell (the man) said in a canned statement. "Our 110,000 team members worldwide are 100 …
Neil McAllister, 29 Oct 2013
The Register breaking news

Apple adds ex-Northrop exec to board

Apple announced on Wednesday that a new director has been added to its governing board: Ronald Sugar, recently retired chairman and CEO of defense contractor Northrop Grumman and former CFO of TRW. "Ron is an engineer at heart, who then became a very successful business leader," said Apple CEO Steve Jobs in a prepared statement …
Rik Myslewski, 17 Nov 2010
The Register breaking news

Apple board member Jerry York dies at 71

Jerome York, the financial mind and turnaround expert who most recently shared his business acumen as a long-serving member of Apple's board of directors, died Thursday morning of a brain aneurysm suffered Tuesday. York was 71 years old. "Jerry joined Apple's Board in 1997 when most doubted the company's future," said Apple CEO …
Rik Myslewski, 18 Mar 2010
ClouderaIntel

Intel just installed itself in Hadoop guru Cloudera – and why their rivals should be worried

Intel is canning its own Hadoop distribution in favor of using Cloudera's flavor of the analytics software. And the chip giant is making a "significant equity investment" in the upstart that's higher than had been reported elsewhere. This strategic move was announced by Intel and Cloudera on Thursday following years of heavy …
Jack Clark, 27 Mar 2014
Don Basile

Violin cuts strings with CEO: Don Basile axed post-IPOcalypse

Violin Memory has fired its CEO Don Basile as the company's shares slumped more than 60 per cent following its IPO and horrendous quarterly financial results. According to a blunt statement from the storage biz, its board, led by chairman Howard Bain, decided "to terminate Donald Basile as chief executive officer". Bain is now …
Chris Mellor, 16 Dec 2013
Steve Ballmer as Doctor Evil

Steve Ballmer: Thanks to me, Microsoft screwed up a decade in phones

Steve Ballmer's greatest regret from his time at Microsoft is that he flubbed his company's attempts at smartphones and mobile computing. That's what he said on Tuesday during his first public appearance since stepping down as CEO of the software goliath. Speaking before an audience of graduate students, business owners, and the …
Neil McAllister, 04 Mar 2014

Yahoooo! - Activist! investor! leaps! overboard! jingling! with! cash!

Activist investor Daniel Loeb is stepping down from Yahoo!'s board and giving up a chunk of his outfit Third Point's stake in exchange for a healthy payoff now that shares have risen. Loeb took credit for the uplift in Yahoo!'s fortunes in a statement, hinting that agitating his way onto the board along with two of his chosen …
Angry woman on mobile

MongoDB tosses support lifeline to open source downloaders

Open source NoSQL database vendor MongoDB has added a new support option for customers who want to run the Community Edition of its software in production environments. "Our Production Support offering is now available as a standalone service – separate from our MongoDB Enterprise software," MongoDB marketing director Meghan …
Neil McAllister, 18 Aug 2014

HP re-elects all directors

The decisions to acquire Palm, Autonomy and EDS, all of which are hard to qualify as qualified successes, have failed to result in any of Hewlett Packard's board members losing their seats. The eleven-strong board all survived yesterday's annual general meeting, despite previous rumblings that some were likely to feel …
Simon Sharwood, 21 Mar 2013
hands waving dollar bills in the air

100+ trade buyers and private equity bods eyed up Kelway

More than one hundred trade buyers and private equity firms expressed an interest in buying a piece of Kelway, before CDW finally beat the competition to take a 35 per cent stake. As exclusively revealed by El Chan on Thursday, Kelway boss Phil Doye retains a 55 per cent stake in the firm. Others in the management team keep hold …
Paul Kunert, 06 Nov 2014
Angry Birds

Angry Birds CEO hops into slingshot, goes 'WEEEEE!'

The CEO of the company behind mobile gaming hit Angry Birds has announced his intention to leave the gaming firm. Rovio Entertainment said that Mikael Hed, long time business leader of the Finnish games firm that made flinging wildfowl a global craze, would be stepping down from the company on New Year's Day. His replacement …
Shaun Nichols, 29 Aug 2014

Jobs will return, says Apple's board

The Apple shareholders meeting held Wednesday was dominated by a man who wasn't there: Steve Jobs. All the other members of Apple's board of directors were in attendance, save Google CEO Eric Schmidt, but none would provide any more-detailed information about the missing Jobs. “Nothing has changed,” said board member Arthur …
Rik Myslewski, 26 Feb 2009
secondary age school kids outside NBN truck

Safety first, NBN rollout second, says Minister

Get ready for another eruption of “anything bad to do with the NBN is the government's fault”, as Telstra's Board is reportedly about to consider whether it is safe to allow contractors doing NBN Co's bidding to resume work in its asbestos-lined pits. Minister for Workplace Relations Bill Shorten has issued a canned statement in …
Simon Sharwood, 29 Jul 2013
NBN Co logo

Ziggy Switkowski appointed NBN Co executive chair

As widely predicted, Australia's new communications minister Malcolm Turnbull has appointed Doctor Ziggy Switkowski as executive chair of NBN Co, the entity charged with building the nation's national broadband network (NBN). The appointment and the title of executive chair means Switkowski is now the leader of NBN Co, as its …
Simon Sharwood, 03 Oct 2013
Oracle co-president Mark Hurd explaining the Platinum service level price

Ex-HP boss Mark Hurd's $53m gold parachute approved by judge

A US judge has dismissed a shareholder lawsuit against HP's board of directors over its bumper severance payment to ex-CEO Mark Hurd. District Judge Edward Davila said investors had failed to prove that the board's approval of Hurd's big package was not in the company's best interest. Hurd, now president of rival Oracle, left …