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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
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 …
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

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
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
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
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

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 …

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
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
money notes lifted up

Indecent proposal: Hedge fund makes 'unsolicited' bid for Riverbed

An unwanted bid to take over WAN optimiser Riverbed for $3.1bn has been mounted by hedge fund Elliott Associates. Reg readers may be aware of Elliott from its activist, management-agitating attacks against incumbent management at Emulex, Compuware, Brocade and NetApp. Elliott, run by billionaire Paul Singer, looks for companies …
Chris Mellor, 09 Jan 2014
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
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

Bill Gates to pull a Steve Jobs and SAVE MICROSOFT – report

Microsoft founder Bill Gates may be planning a return to a more hands-on role at the company, according to the latest rumors from the software giant's ongoing search for a new chief executive. Last week, Bloomberg, The Wall Street Journal, and others reported that veteran Microsoft exec Satya Nadella had emerged as the …
Neil McAllister, 03 Feb 2014
John Chen

This month's BlackBerry CEO vows: I won't axe the smartphone-making biz

Newly appointed BlackBerry CEO John Chen has wasted no time letting the world know that he has big plans for the troubled Canadian firm – and shutting down its ailing smartphone division isn't one of them. The former Sybase chief exec was introduced as BlackBerry's interim chief exec on Monday, following the unceremonious …
Neil McAllister, 04 Nov 2013
The Register breaking news

Google and Apple's couples therapy is working – Schmidt

Google chair Eric Schmidt has said that his firm and Apple have learned how to get along a little better in the last year and have held "lots and lots" of meetings. Schmidt told reporters at the Allen & Co media conference in Idaho that he has "a lot of respect" for the fruity firm, Bloomberg, Reuters and others reported. While …
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 …
Microsoft chair John Thompson

Microsoft chairman John Thompson: Redmond looks 'like IBM in 1990'

Microsoft's new chairman, ex-IBM vice president John Thompson, has said that he believes Microsoft's corporate culture needs to change if it is to remain competitive. "I would argue that there are some attributes to Microsoft today that do look vaguely like IBM circa 1990," Thompson said in an interview with Fortune published …
Neil McAllister, 28 Feb 2014
Google sign outside Mountain View headquarters

Google's ad-slinging juggernaut gobbles more BEEELLIONS in revenue

Google turned in another impressive earnings report on Thursday, with the giant ad-slinger's revenues reaching record highs both for the fourth quarter and for fiscal 2013. Total revenues for the three months ending on December 31 were $16.86bn, a 17 per cent hike from the year-ago period. And ignoring the impact of the Motorola …
Neil McAllister, 30 Jan 2014
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
Hadoop Elephant

Don't touch my trunk! Intel is $740m lighter after Cloudera cash shot

Intel has shoveled $740m into Hadoop company Cloudera, giving the chipmaker an 18 per cent stake in the data analysis firm. The mammoth funding was announced on Monday following the news last week of a major strategic partnership between the x86 goliath and the software upstart, which itself followed a separate funding round of …
Jack Clark, 31 Mar 2014

Carl Icahn broadcasts his $150bn Apple shakedown effort to world+dog

Activist investor Carl Icahn has reiterated his recommendation to Apple CEO Tim Cook that Cupertino blow $150bn to buy back company stock, and this time he has shared his reasoning with world+dog. "We find it difficult to imagine why the board would not move more aggressively to buy back stock by immediately announcing a $150 …
Rik Myslewski, 24 Oct 2013
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
ClusterStor 1500

Xyratex being bought by Seagate in $374m Xmas splurge

Christmas has come early for some: Seagate is aiming to buy HDD test equipment and HPC array maker Xyratex for $374 million in cash. The offer is $13.25 for each Xyratex share, which is 27 per cent higher than last Friday's closing Xyratex share price. There is a definitive agreement between Seagate and Xyratex to do the deal …
Chris Mellor, 23 Dec 2013
Mike Lynch

'Brit Bill Gates' was powerless to stop HP's Autonomy acquisition

Mike Lynch didn't fall out of love with Hewlett-Packard, it was HP which didn't know what it wanted. So says "Brit Bill Gates" Mike Lynch, who has even suggested HP's initial advances under then chief executive Leo Apotheker were unsolicited - possibly even unwanted - and that he was powerless to stop the acquisition. Speaking …
Gavin Clarke, 01 Mar 2013
RIM BlackBerry Curve 9360

BlackBerry flings John Chen $89 MILLION to save troubled firm

BlackBerry has announced that its new chairman and interim chief John Chen will get $3m in salary and bonuses as well as stock options worth around $86m. The floundering mobile phone firm surprised everyone earlier this week when it said that instead of selling itself off to Fairfax Financial Holdings, it was going to axe chief …

Mixed tape: Overland Storage buys Tandberg Data in CASH-FREE transaction

Struggling tape and disk storage vendor Overland Storage is buying recovering tape systems vendor Tandberg Storage for $42m in stock to help boost its revenues. Tandberg Data supplies tape and disk-based storage and data protection products to small and medium businesses. It has recently recovered from a bankruptcy experience in …
Chris Mellor, 01 Nov 2013

Bolshy Balch Hill blasts STEC bosses after talks break down

Activist investor Balch Hill has told STEC's shareholders that they should consider putting up a For Sale sign on the fallen flash leader's lawn and booting out the CEO and former CEO, the Moshayedi brothers. Balch Hill, which holds 9 per cent of shares, and its partner Potomac Capital have issued a letter to STEC shareholders …
Chris Mellor, 20 Mar 2013
Dell logo in crosshairs

Big Mike's big package oughta be enough for Dell investors - report

Tech tycoon Michael Dell and private equity partner Silver Lake won't sweeten their $24.4bn offer to take PC maker Dell private, whisper industry insiders. Those sources, who apparently have direct knowledge of the situation, let Bloomberg know that Big Mike and Silver Lake aren't going to up their bid - and that's because the …

BlackBerry inks deal to go private for $4.7bn

BlackBerry – or, as the struggling Canadian smartphone manufacturer has been renamed by the chattering classes, "Beleaguered BlackBerry" – has signed a letter of intent to be taken private by a consortium led by Fairfax Financial Holdings of Toronto, Ontario. Fairfax currently owns about 10 per cent of BlackBerry, and the …
Rik Myslewski, 23 Sep 2013

Docker loads up $15m to push containerization into bit barns

Containerization expert Docker has slurped $15m in filthy valley lucre to help it push its tech further into data centers under the leadership of a new, experienced chief executive. The funding will give the company the money needed to grow its engineering team while also ploughing more money into sales and support, says new …
Jack Clark, 22 Jan 2014

Ex-CEO Elop's plunder to total $25m in voyage from Nokia to Microsoft

Outgoing Nokia CEO Stephen Elop will receive compensation and bonuses totaling approximately $25.4m as he departs the company for his new position at Microsoft. The payout was revealed in proxy materials for the Finnish firm's "Extraordinary General Meeting" to be held on November 19, during which shareholders are expected to …
Neil McAllister, 19 Sep 2013

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
The Register breaking news

Microsoft snaps up Slingbox mastermind's home control biz for Xbox

Microsoft has slurped up small home-entertainment firm id8 Group R2 Studios to tie in with its Xbox business, according to sources. R2 Studios was set up by entrepreneur Blake Krikorian who started Sling Media, maker of the Slingbox, which takes TV signals and beams them to computers and smartphones. Krikorian will join the …
Microsoft CEO Satya Nadella

Satya Nadella is 'a sheep, a follower' says ex-Microsoft exec

Dan Lyons, the writer behind Fake Steve Jobs, has found someone willing to bucket incoming Microsoft CEO Satya Nadella. That someone is Joachim Kempin, who was general manager of Microsoft Germany in the subsidiary's early days and rose to become a senior veep in charge of Microsoft's OEM business. Kempin has form criticising …
Simon Sharwood, 06 Feb 2014
Emulex logo

Boardroom brouhaha brewing at Emulex after Endace buy

You win some; you lose some. Emulex has completed its acquisition of networking analytics company Endace against the opposition of activist investor Elliott Management, but had to accept the appointment of two Elliott nominees to its board. Emulex mostly sells SAN Host Bus Adapters (HBAs) and has a line of Ethernet Converged …
Chris Mellor, 02 Apr 2013
The Register breaking news

Judge OKs Novell investor suit over Attachmate sale

A judge in the Delaware Court of Chancery has ruled that members of Novell's board who approved the company's sale to Attachmate must defend their decision in court against allegations that they acted in bad faith by ignoring competitive offers from other parties. Novell's board of directors voted to accept Attachmate's $2.2bn …
Neil McAllister, 08 Jan 2013

Xyratex CEO: Don't judge us by our droopy revenues

Xyratex's second quarter revenues were a third less than a year ago, as were its first quarter revenues. With sales to NetApp continuing to decline and income from the new ClusterStor array still not covering its costs, Xyratex is set to shrink further this year. Revenues for the second calendar quarter were $216.2m, compared to …
Chris Mellor, 03 Jul 2013
OCZ VeloDrive

'Seagate's OCZ gobble was real, but went sour in CEO row'

Juicy scuttlebutt from storage insiders suggests the Seagate acquisition of OCZ fell through because the larger firm refused to give OCZ's CEO Ryan Petersen a seat on its board. According to our sources, this, in combination with flash NAND shortages at OCZ, led to Petersen's eventual resignation. Petersen founded and ran OCZ, …
Chris Mellor, 27 Sep 2012
RIM BlackBerry Torch 9800

Prem Watsa takes control of BlackBerry as tech vultures circle firm

It could only happen at BlackBerry. A white knight rides to the company’s rescue, only for the horse to drop dead underneath him. So much for Prem Watsa’s rescue mission. The man dubbed the “Canadian Warren Buffet” has at last gained control of the company, as “lead director”, but at what cost? Five weeks ago BlackBerry’s board …
Andrew Orlowski, 06 Nov 2013
Un Frog

France Telecom dials up support for its capitaine in Sarkozy gov cash probe

France Telecom’s board is standing by chief executive Stéphane Richard despite the fraud investigation into his time as a top government aide. The directors said in a canned statement that they still had “full confidence” in Richard and his ability to lead the company. “The board considers that the legal measures affecting …
The Register breaking news

Fresh blood planned for Sun's board

Sun Microsystems' board is getting some fresh blood with two new independent directors, after its largest investor stepped up involvement in the company. Sun and US-private investment firm Southeastern Asset Management said Monday they've entered into an agreement to expand Sun's board with the two individuals. The directors …
Gavin Clarke, 08 Dec 2008
hands waving dollar bills in the air

RIM's co-CEOs quit in top exec shake-up

A Research in Motion management shake-up has swapped out its co-CEOs for a new top exec following a challenging period for the gadget maker. Jim Balsillie and Mike Lazaridis, RIM's co-chief executives, have stepped aside after 20 years at the trouble biz, and the company on Monday named Thorsten Heins as president and CEO. …
Gavin Clarke, 23 Jan 2012
Violinist

Can a new CEO pull Violin Memory out of its current slump?

Is flash array supplier Violin Memory a lost cause needing to look for a white knight acquisition or can it be repaired, see off the competition and return to profitability? Violin Memory is in a dreadful situation, making heavy and growing losses - $34m and counting - that dwarf its slower-growing revenues, and with impatient …
Chris Mellor, 07 Jan 2014

Microsoft - do you really think you can take on Google with Nokia?

Microsoft's purchase of Nokia's phones business – which outgoing CEO Steve Ballmer has since described as a way for Redmond "to accelerate" – appears to be an attempt to add another weapon to its anti-Google arsenal. Ballmer is quoted as saying: "By the early part of this year it was clear to me that perhaps acquisition would be …
Chris Mellor, 03 Sep 2013
The Register breaking news

Google boss quits Apple board in wake of Chrome OS

Apple announced today that it has finally severed ties with Google CEO Eric Schmidt, who had been on the firm's board of directors since August 2006. The decision to cut Schmidt loose hardly comes as a surprise. In May Mountain View confirmed reports that the US Federal Trade Commission was probing whether overlapping board …
Kelly Fiveash, 03 Aug 2009

Google smacks Surface with free Quickoffice for Android, iOS

Google has reduced the price of its Quickoffice tool to nothing on Android and iOS, a move Microsoft won't appreciate. Google scooped up Quickoffice about a year back and made it a part of Google Drive. Doing so meant Drive users could edit Microsoft Office documents. The Chocolate Factory has now made Quickoffice available at …
Simon Sharwood, 20 Sep 2013
Gridstore

Barrall's baby gets bundle of cash for scale-out filer tech

Grid-based scale-out filer storage startup Gridstore has landed $12.5m in funding to expand its sales channels. Gridstor, background here, provides a scale-out filer, the GS100, in a grid – a trademarked kind, called The Grid – using low-cost Atom-powered nodes and VCT (Virtual Controller Technology), which provides simpler …
Chris Mellor, 17 Oct 2012

Bitcoin cred boosted by $25m cash infusion into Coinbase

The Bitcoin sector has been given a new boost of confidence following a $25m investment by famed Silicon Valley venture capital firm Andreessen Horowitz. The firm said that it would take a stake in Coinbase, a San Francisco startup that specializes in managing Bitcoin wallets and facilitates transactions between customers and …
Shaun Nichols, 12 Dec 2013

'We’re not SNEAKY, we're DADS from the MIDWEST'

This was the week when the backlash over Mozilla's appointment of Prop 8-supporting Brendan Eich to the chief's chair continued, with OkCupid asking users to boycott the firm's popular Firefox browser. Eich's new job has provoked controversy because he donated $1,000 to a campaign supporting Proposition 8, a 2008 California …