Articles about Sale

Peter Sage, principal of Space Energy, giving a talk in 2012. He is currently imprisoned for contempt of court

Alleged $17.5m fraudster accused of duping HPE out of 42,000 servers

Peter Sage, the imprisoned "serial entrepreneur" and one-time principal of the company Space Energy, is said to have defrauded Hewlett Packard Enterprise out of tens of thousands of servers in a scam that unfolded over three years. Court documents obtained by The Register reveal that HPE sold Sage's Space Energy venture a …
Gareth Corfield, 23 Feb 2017
A wafer full of Intel's C3000 Atoms

Intel scales Atom to 16 cores, updates Xeon SoCs

Intel's tossed out a batch of new products ahead of Mobile World Congress, all of them handy for internet of things applications operating on very fast wireless networks. Among them is a new generation of "Denverton" Atom processors. The new C3000 family now offer between two and 16 cores, with clock speeds up to a swift 2.2 …
Simon Sharwood, 23 Feb 2017
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LTE-U R gd 2 go: FCC gives unlicensed spectrum its coat, pushes it out the door

The FCC has approved the first crop of LTE-U base stations for sale in the US, a move aimed at opening unlicensed spectrum space to boost broadband speeds. The US comms watchdog said that Ericsson and Nokia have been cleared to begin offering base stations that use a portion of the 5GHz band to move LTE wireless broadband data …
Shaun Nichols, 22 Feb 2017
Boeing 787 10x

Blundering Boeing bod blabbed spreadsheet of 36,000 coworkers' personal details in email

Global aerospace firm Boeing earlier this month sent a notification to Washington State Attorney General Bob Ferguson, as required by law, about a company employee who mistakenly emailed a spreadsheet full of employee personal data to his spouse in November, 2016. The spreadsheet, sent to provide the employee's spouse with a …
Thomas Claburn, 22 Feb 2017

Tosh in deeper financial doo-doo as banks crank up the pressure

Toshiba is looking to raise almost $9bn (‎¥1 trillion) by selling off a majority stake in its memory chip business, according to Reuters, and so repair its finances, which have been devastated by cost overruns in its US nuclear power business. That is costing it around $6.3bn but Toshiba's banks want it to raise more to cover …
Chris Mellor, 21 Feb 2017

$350m! shaved! off! sale! price! as! Verizon! swallows! Yahoo!

Yahoo! will be gobbled by Verizon for $4.48bn, $350m cheaper than the initial deal, apparently due to the damage done to the company's value by widely reported successful cyber-attacks. Verizon slashed its acquisition offer in the wake of Yahoo! confessing to cyber-attacks, and the companies will now share the liability for …
Value pack of two tins of Spam

Florida Man jailed for 4 years after raking in a million bucks from spam

A marketer who used stolen email accounts to trouser more than a million dollars by spamming people has been sent down for four years. Timothy Livingston, 31, was handed the 48-month term after he pleaded guilty to counts of conspiracy to commit fraud in connection with computers and access devices, conspiracy to commit fraud …
Shaun Nichols, 18 Feb 2017
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UK recruitment biz Coal Intelligent Technology ceases trading

Contractors and employees at London-based tech recruitment outfit Coal Intelligent Technology may be left out of pocket after the company ceased trading yesterday. A letter from the administrator to contractors seen by the The Register, said the company went into administration on 10 February. It said: "The Administrator is …
Kat Hall, 17 Feb 2017
Conchita Wurst. Editorial use only: Credit: Yulia Reznikov / Shutterstock, Inc.

Nul points for Ukraine's Eurovision ticket site fail

Eurovision fans purchasing tickets to the event in Ukraine this year were left frustrated due to a number of technical and payment issues with the website last night. One reader got in touch to report that the Ukrainian ticketing site concert.ua had experienced a "spectacular failure in payment process, security and ticket …
Kat Hall, 16 Feb 2017
Cell tower, view from below. Image by Shutterstock.com

Hutchison's 3UK and Google push 3.5 GHz on both sides of the pond

Analysis Some are talking about 3.5 GHz as a 5G band, but Hutchison’s deal to acquire UK Broadband to bolster its 3UK arm is all about the good old fight for LTE spectrum. This deal shows that it is not just the US’s opening of its 3.5 GHz band, via its CBRS scheme, that has thrust this spectrum into the limelight. In many parts of the …
Wireless Watch, 15 Feb 2017
Sheaf of £50 notes poised on the rim of a toilet bowl as toilet is flushed. Collage of two photos sourced from Shutterstock

Co-op Bank up for sale while customers still feel effects of its creaking IT

A "For Sale" sign went up outside the troubled Co-operative Bank this morning, weeks after the cash-strapped lender said it was unable to raise required funds. But while the bank's woeful finances dominate the headlines, its poor IT history also continues to affect customers. Co-op Bank nearly collapsed in 2013 until a rescue …
Kat Hall, 13 Feb 2017
PayPal logo and credit cards

New PayPal T&Cs prevents sellers trash-talking PayPal

PayPal's released a new batch of User Agreements that includes a new “non-discouragement clause for sellers” that prevents them from talking down the service, plus price hikes a-plenty. The new new clause reads as follows: “In representations to your customers or in public communications, you agree not to mischaracterize …
Simon Sharwood, 13 Feb 2017
Chromebook Pro

Samsung's Chromebook Pro: Overpriced vanilla PC with a stylus. 'Wow'

Hands-on It's been nearly six years since Google announced the launch of its own operating system, Chrome OS, and the CR‑48 Chromebook running it. Since then, Chromebooks have carved out a solid chunk of market share for the operating system. Around 50 per cent of US schoolchildren use Chromebooks in the classroom and Chrome OS is now …
Iain Thomson, 10 Feb 2017
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Life after antivirus: Reinventing endpoint security

Promo Security professionals still talk about “antivirus defences,” but in the space of a handful of years what is meant by this term has undergone a dramatic shift. On the surface, things look much as they have always done. Businesses still run what used to be called “AV protection,” reinvented some time ago as the all-purpose “ …
John E Dunn, 09 Feb 2017
Toshiba

Oh my Tosh: Bids up to $3.6bn for memory biz as deadline approaches

Reuters is all over the Toshiba memory division 20 per cent stake sale, reporting incoming bids up to $3.6bn. The money is needed to offset a multibillion-dollar ($5-6bn) writedown of Toshiba's US nuclear power station business following disastrous overruns, and it's needed by March due to Toshiba's corporate financial and …
Chris Mellor, 09 Feb 2017

Three isn't going to back away from a fight over spectrum

Analysis Three’s £250m acquisition of loss-making UK Broadband shows the operator has a large appetite for spectrum, but it will be the forthcoming spectrum auction where the land-grab for frequencies will really take place. Hong Kong owner of Three, CK Hutchison, purchased UK Broadband this week (which also runs the Relish brand in …
Kat Hall, 07 Feb 2017

Toshiba's looking for a white knight, not a chip-fryer – report

In its attempts to sell a flash memory business stake to offset multibillion-dollar writedowns in its US nuclear power station business, Toshiba is leaning towards private equity and away from chip industry players. That would mean foundry partner WD is left out in the cold. Any proposed WD investment could excite industry …
Chris Mellor, 07 Feb 2017
Cell tower, view from below. Image by Shutterstock.com

Virtual monopoly on UK cell towers and TV masts up for sale

Analysis UK cellular tower and TV mast radio specialist Arqiva has been put up for sale with an optimistic price of between £5bn and £6bn, but its two core areas of business both have questionmarks hovering over them. Any mobile tower company taking a long hard look at 5G has to decide if it can get heavily into a new class of platform …
Faultline, 07 Feb 2017

Vizio coughs up $2.2m after its smart TVs spied on millions of families

California electronics maker Vizio will cough up $2.2m after its smart TVs spied on millions of people. America's trade watchdog, the FTC, said today the payment will settle a complaint filed by the state of New Jersey accusing Vizio of violating privacy regulations: the biz had collected the viewing habits of 11 million …
Shaun Nichols, 06 Feb 2017
woman answers phone in the middle of the night. photo by SHutterstock

BT's ball-juggling routine can only go on so long

Analysis Former state monopoly BT is juggling so many regulatory, financial and operational balls it’s a wonder it has a free hand to get on with the day-to-day business. Just some issues facing the telco include: uncertainty over Openreach’s future; continuous declines in business with the public sector; a £9bn ballooning pensions …
Kat Hall, 06 Feb 2017
house

Trump's immigration clampdown has Silicon Valley techies fearing for their house prices

America's technology world is still trying to sort out the kerfuffle caused by President Trump's anti-refugee and seemingly anti-Muslim immigration crackdown. Some engineers aren't just worried about losing their residency rights – they're also concerned about financial ruin. Earlier this week, an Apple staffer suggested to …
Iain Thomson, 04 Feb 2017

Chinese pirates are facing lifelong 'social credit' downgrade

Copyright infringement and use of counterfeit goods in China could downgrade a citizen's "social credit" with lifelong consequences as the country gears up to overhaul its IP laws and institutions. Following the evolution that the United States made in the late 19th century*, Chinese businesses are growing away from their …
Andrew Orlowski, 03 Feb 2017
hands waving dollar bills in the air

Revealed: Soros Group behind mystery unit that gobbled Violin Memory

A Soros hedge fund vehicle made the winning bid at Violin Memory's January 23 auction. The winner, as we reported on Monday, was VM Bidco. Today, we can say that this organization was set up by the Soros Group, part of Soros Fund Management, and it fought off VMA LLC, ESW Capital and others. It won the three-day-long auction …
Chris Mellor, 01 Feb 2017
Photo by Diabluses / Shutterstock

MEEELLIONs of Brits stick with current broadband provider rather than risk no Netflix

Millions of Brits would rather pay through the nose for services via their existing broadband provider than switch suppliers and risk a prolonged period without access to the web, a poll has found. Some 35 per cent of customers said the fear of broadband blackout would deter them off signing up to another provider, according …
Kat Hall, 31 Jan 2017
Old man's hands typing on laptop

'Grey technology' should be the new black

My dad seems to have a propensity for breaking the all of the kit we’ve given him to allow us to have a trans-oceanic video chat pretty much any time either of us wants. Apple’s Facetime came along just around the time I moved to Australia. Skype wasn’t far behind. Between these two we’ve been able to keep our relationship going …
Mark Pesce, 31 Jan 2017

This bot shorts stocks when Trump tweets (don't fret, the profit is used for good)

US President Donald Trump's tweets about Boeing, General Motors, and Toyota have affected the companies' stock price – and creative agency T3 believes that consequence will be repeated. So the self-styled think tank created the Trump and Dump Bot to profit from presidential tweet-lashings. The bot shorts stocks based on the …
Thomas Claburn, 30 Jan 2017

Please come back! TalkTalk woos customers with broadband offers

TalkTalk has spotted an opportunity to win back customers following its mega data breach in October 2015 with a flash sale broadband promotion. Most broadband providers are hiking prices this year, with BT the latest to announce an inflation-busting increase. Virgin Media's broadband and TV packages also went up by up to £3.49 …
Kat Hall, 30 Jan 2017
Trump

God save the Queen... from Donald Trump. So say 1 million Britons

More than a million Britons have signed an online petition begging the government to prevent American President Donald Trump from making a state visit to the United Kingdom. The petition, which the Monday-muddled hacks at The Register are guessing is the most popular to have ever graced the site, broke 1,000,000 signatures …
Ollie Henry, 30 Jan 2017
Gavel

So the co. that won the bid for VM is called (drumroll): VM Bidco...

One "VM Bidco" has been revealed as the successful bidder for Violin Memory at its auction. Violin's Chapter 11 bankruptcy filings have now revealed two failed attempts, spaced a year apart, to sell the firm. US federal court filings for the bankruptcy proceedings list document 172 which states: The highest and best value for …
Chris Mellor, 30 Jan 2017
Boeing 747 lands at dusk. Photo via Shutterstock

Boeing's 747 to fly off the production line for the foreseeable future

Boeing's iconic 747 looks safe for a few years yet, thanks in part to the internet. Last year Boeing warned that slow sales and unsold aircraft meant it was “reasonably possible that we could decide to end production of the 747”, a foreshadowing that saddened aviation enthusiasts who honour the aircraft's role as a harbinger …
Simon Sharwood, 30 Jan 2017
L200_Slim

Memory loss: Toshiba puts chip biz up for sale

Toshiba says it will sell off its memory semiconductor business as it looks to recuperate from the write-off of losses to its nuclear power business. The Japanese electronics giant said on Friday that it wants to flog its flash chips and SSD divisions of its storage and electronic devices solutions company by March 31 of this …
Shaun Nichols, 27 Jan 2017

ENTA founder Tsai gets banhammer as company director for 13 years

Thirteen is certainly unlucky for Jason Tsai, one-time owner of distie Changtel Solutions UK – formerly ENTA Technologies (ETL) – as that's the number of years he's been barred from being a company director. The “disqualification” was due to Tsai’s participation in a VAT carousel – also commonly known as missing trader intra- …
Paul Kunert, 27 Jan 2017
Titanic, image via shutterstock

Time to face the music, Violin Memory: Upstart's asset auction is over

Violin Memory's assets were scheduled to be put up for auction on Monday in New York. So far, no successful bids have been announced, although a buyer could be revealed by the end of the month. Violin filed for Chapter 11 bankruptcy in December after failing to find a new owner to take it under its wing. Since October 2015, …
Chris Mellor, 26 Jan 2017
Pennies in a jar. Photo via Shutterstock

Oracle sues its own star sales rep after she wins back $200k in pay fight

Oracle, which requires salespeople to agree to binding arbitration to avoid costly disputes in court, is unhappy that an arbitrator ruled against it. So it is suing one of its own employees, applications account manager Felicia Wilson, in a New York court to undo the arbitrator's $257,335.79 award. That's the amount Oracle …
Thomas Claburn, 26 Jan 2017

WD Corp picks teeth after SanDisk dinner, seems pleased with fuller figure

+Comment Western Digital Corp, still digesting SanDisk, is selling more disk drives than arch-rival Seagate and appears to be doing a booming flash business as well, for now. Second quarter revenues totalled $4.9bn, 48 per cent up on a year ago - but then WDC did buy SanDisk and its flash business in between, and 4 per cent up …
Chris Mellor, 26 Jan 2017
The zbit:connect stand at IoT Tech Expo 2017

Bloke launches twinkly range of BBC Micro:bit accessory boards

Pics A one-time storage hardware designer has launched a range of add-on boards for the BBC Micro:bit. Nevil Hunt – formerly a hardware designer for enterprise storage stuff firm Nexsan – was exhibiting his wares at the IoT Tech Expo, which took place in London’s Olympia conference centre earlier this week. “Kids are turned off by …
Gareth Corfield, 26 Jan 2017

HPE buying SimpliVity is like a 'unicorn barbecue' – HCI boss man

Interview El Reg talked with Scale Computing co-founder and CEO Jeff Ready and asked him about the HPE SimpliVity acquisition and what it means for HPE, for the hyper-converged infrastructure (HCI) market, and for Scale. See if you agree with his thinking that Scale is better positioned than HPE in the HCI market. El Reg: How did the …
Chris Mellor, 25 Jan 2017
Yahoo! billion-record breach notice email

Yahoo! boo! hoo! hoo!: Verizon! hits! brakes! on! $4.8bn! biz! gobble!

Yahoo!'s sale to Verizon has been delayed, following revelations last year of historical data security breaches. News of the deferral of the $4.8bn Verizon deal came as Yahoo! released its Q4 earnings results on Monday. "Yahoo! had previously stated that it expected to close the transaction in Q1," it said. "However, given …
John Leyden, 24 Jan 2017

Spun-out Nexsan now prowling the market for growth and acquisitions

Nexsan's sale to private equity has gone through and the company is now looking to drive organic and inorganic growth. Spear Point Capital affiliate NXSN Acquisition Corp bought Nexsan from Imation. CEO Bob Fernander and CTO Geoff Barrall will continue to run Nexsan, which is being given up to $10 million in fresh private …
Chris Mellor, 24 Jan 2017

How Lexmark's patent fight to crush an ink reseller will affect us all

If printer maker Lexmark International prevails against ink cartridge reseller Impression Products, tech giants and other American companies will gain the ability to control products through patent claims after they have been sold. The Federal Circuit Court in Washington, DC, last year supported this idea by siding with …
Thomas Claburn, 24 Jan 2017
Folk dancers in china

Chinese investors gobble up owner of PCWorld, Macworld etc

Two Chinese investors are buying the owner of PCWorld magazine and the IDC market research outfit International Data Group (IDG) – but IDC’s high-performance computing research businesses are not included in the sale. The two Chinese investors are China Oceanwide Holdings Group Co, Ltd and the confusingly named IDG Capital. …
Chris Mellor, 20 Jan 2017

Toshiba scrambles to start chip biz minority stake sale – reports

Reuters is reporting that Toshiba has started its chip business minority stake sale process. It's looking to offset the potential $4.4bn or greater losses from its US nuclear power station business. Potential purchasers of a 20-30 per cent stake in the NAND fabs are current foundry partner Western Digital and Japanese banks. …
Chris Mellor, 20 Jan 2017
Google, photo by lightpoet via Shutterstock

I'll have Fabric, Crashlytics... Google crams Twitter mobile dev tools in trolley

Google is set to acquire Twitter's mobile app development platform, Fabric, and assimilate its team within its own development platform, Firebase. The terms of the acquisition have not been revealed, but the Fabric team will join Google's Developer Products Group, working with Google's Firebase team which also offers a mobile …
Photo by Cat Walker / Shutterstock

Zuck off: Facebook's big kahuna sues Hawaiians to kick 'em off their land

Updated Facebook boss Mark Zuckerberg is suing dozens of families in Hawaii to force them to give up land they've owned for generations. The Honolulu Star Advertiser reports that the Zuck's secluded sanctuary on the garden island of Kauai is at the heart of court proceedings between islanders and the billionaire exec who, by the way, …
Shaun Nichols, 19 Jan 2017

You know how online shops love to keep tabs on you? Now it's coming to the offline world

Intel promises to provide real-world retailers with the same analytics as online stores, with the release of a new internet-of-things retail platform. CEO Brian Krzanich announced Intel's Responsive Retail Platform (RRP) at the annual National Retail Federation conference in New York – with his organization also flagging the …
Kieren McCarthy, 18 Jan 2017
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Toshiba may sell silicon biz to contain fallout of nuke plant problems

A troubled nuclear power station strategy in the USA has Toshiba considering the partial sale of its Japanese semiconductor business. Nikkei (in Japanese) names Western Digital as a potential buyer, along with several investment funds. The company hopes to get between $1.77bn and $2.65bn for a 20 per cent stake in the …
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Kill it with fire: US-CERT urges admins to firewall off Windows SMB

The US computer emergency readiness team is recommending organisations ditch old versions of the Windows SMB protocol and firewall off access to file servers – after a potential zero-day exploit was released by the Shadow Brokers hacking group. The call from the US security clearing house does not name the Shadow Brokers as …
Darren Pauli, 18 Jan 2017
Raspberry Pi Compute Module 3 in the Compute Module IO Board V3

Two new Raspberry Pi models emerge steaming from the oven

The Raspberry Pi Foundation has baked two new Pi. The new “Compute Module 3” and “Compute Module 3 Lite” are re-shaped versions of the Raspberry Pi 3 and are intended to give developers of embedded devices a way to use the RPi as the basis for their designs, without having to accommodate the rather bulky Raspberry Pi design …
Simon Sharwood, 17 Jan 2017
Doctors run to save patient. Photo by Shutterstock

Jeremy Hunt pockets £14m through sale of course search website

Health Secretary Jeremy Hunt has become one of the UK's richest politicians following the sale of his business which runs course-listing websites. London-based Hotcourses, in which Hunt has a 48 per cent stake, provides marketing services for universities, and course comparison sites for potential students. It today announced …

Drone biz Lily Robotics takes $34m in pre-orders, ships nothing, shuts down, gets sued by San Francisco DA

Lily Robotics says its decision on Thursday to shut down and return pre-order payments for a never-delivered drone, which came on the same day that San Francisco District Attorney George Gascón charged the company with false advertising and misleading business practices, was purely coincidental. "We had been in the process of …
Thomas Claburn, 13 Jan 2017