Articles about Shareholders

HPE UK preps the redundancy ride as Chrimbo looms

Cost-cutting at Hewlett Packard Enterprise's CSC-bound services business looks set to continue right up to the point it is sold in the spring, leaked documents have indicated. In a note to his staff this week, Maurice Mattholie, HPE UK and Ireland veep for IT Outsourcing – which part of the outgoing Enterprise Services (ES) …
Paul Kunert, 02 Dec 2016

It’s Brexploitation! Microsoft punishes UK for Brexit with cloud price-gouging

“My own story would not have been possible but for the democratizing force of Microsoft technology reaching me where I was growing up,” CEO Satya Nadella told shareholders this week. But the price of that “democratizing force” is about to go up, with Britons uniquely singled out. Microsoft has reiterated to Azure customers …
Andrew Orlowski, 02 Dec 2016
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Ofcom to force a legal separation of Openreach

The regulator Ofcom has decided to force a legal separation of Openreach from BT, after the former broadband monopoly failed to offer voluntary proposals that addressed its competition concerns. Ofcom fell short of recommending a full structural separation earlier this year, citing pensions and properties costs as the main …
Kat Hall, 29 Nov 2016

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

HP Inc CEO Dion: Whey-hey, we're on the pull

HP Inc has delivered its first full year of financial results, and they aren't looking good. Profits fell 63 per cent, revenue was down 6 per cent, and its earnings per share were down over a quarter. It had been a difficult year, CEO Dion Weisler acknowledged during Tuesday's earnings call, but the company is now planning to …
Iain Thomson, 23 Nov 2016

HPE's first standalone year ticks most boxes – except Donald Trump's

Hewlett Packard Enterprise (HPE) has posted its first full-year results as a discrete entity and says it has ticked most of the boxes it said it would when it spun itself out and then started selling bits of itself off. The headline figures for Q4 aren't brilliant: revenue was US$12.5bn, down 7.7 per cent year on year. GAAP …
Simon Sharwood, 23 Nov 2016

NetApp's regeneration could be deep surgery or anti-wrinkle cream

Analysis NetApp's long story short – customers aren't buying the old stuff and don't like the new stuff much either. In its second fiscal 2017 quarter, revenues of $1.34bn were 7.6 per cent down on $1.45bn the year before. They were 3.9 per cent higher than Q1 2017's, though. Profits (net income) of $109m were 4.4 per cent …
Chris Mellor, 17 Nov 2016
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Hewlett Packard Enterprise to outsource global IT team to CSC borg

Exclusive The global IT team at Hewlett Packard Enterprise that company execs previously praised for managing the smooth break-up of the organization is finally being rewarded – the entire department is being, er, outsourced. The destination for these techies is the CSC and HPE Enterprise Services borg – the businesses are coming …
Paul Kunert, 16 Nov 2016
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Fujitsu says 1,800 UK job cuts needed to boost ailing margins

Fujitsu’s plans to axe 1,800 jobs in the UK despite making £86.5m in profit last year is a necessary boost to margins which are “significantly below market expectation” – the firm’s UK and Ireland chair Michael Keegan has said. The Unite union announced fresh strike action at the firm’s Manchester site today to coincide with …
Kat Hall, 16 Nov 2016
Two slices of toast

Violin Memory resembles toast

Comment February of 2014 saw Kevin DeNuccio appointed as Violin Memory's CEO. Then the shares were worth about $15. Today, 32 months later, they are worth $0.13 after a 4:1 reverse stock split and NYSE exit; so $0.0325 in "old money," with the firm now capitalized at $3.27m. Its shares have lost some 99.8 per cent of their value on …
Chris Mellor, 10 Nov 2016

Trump's plan: Tariffs on electronics, ban on skilled tech migrants, turn off the internet

The United States Presidential Election has been run and at the time of writing looks almost certainly to have been won by Donald Trump. Which means we now have a decent idea of what's in store for the global technology industry in the next four years. And it looks like a wild ride: Trump's policies include a clamp down on H- …
Simon Sharwood, 09 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

Will the roulette ball fall for WANdisco's spiel?

Analysis How is replication software supplier WANdisco doing after the chairman fired the CEO and then the fired CEO came back and fired the chairman? WANdisco’s main technology is about replicating active data, such that, as potentially huge populations of large transaction files are migrated to the cloud, transactions can …
Chris Mellor, 03 Nov 2016

Level 3 celebrates $34bn CenturyLink gobble by blacking out Eastern US

Network provider Level 3 Communications appears to be wrangling with a widespread outage in the US this morning. The backbone carrier says it is "looking into" the cause of an outage that, according to connectivity monitoring service DownDetector, is hitting customers across a large swath of the east coast and the southeastern …
Shaun Nichols, 02 Nov 2016

Broadcom snaps up Brocade for $5.9bn

As rumoured storage network switch, Ethernet switch and wireless vendor Brocade is being bought by Broadcom for $5.9bn in an all-cash transaction. The price is for $12.75 per share, valued at approximately $5.5bn, plus $0.4bn of net debt. The cash will come from new debt financing and cash available on Broadcom's balance sheet …
Chris Mellor, 02 Nov 2016

Delayed Ingram Micro sale to Tianjin Tianhai gets green light from US regs

The Committee on Foreign Investment in the United States (CFIUS) has approved the $6bn takeover of Ingram Micro, the world’s largest tech distie, by Chinese shipping magnate Tianjin Tianhai. The proposed buyout hit the rails earlier this summer when the Shanghai Stock Exchange fired a bunch of financial questions to Tianjin, …
Paul Kunert, 02 Nov 2016
Fiber optics

CenturyLink set to merge with tier-one provider Level 3 for $34bn

American telco firm CenturyLink has announced a merger with tier-one networking business Level 3. The deal is worth $34bn, including debt, and will see cash and stocks traded as CenturyLink acquires Level 3's fibre-optic capabilities in a deal intended to close by Q3 2017. Unanimous approval from both companies' boards of …

Surprise, surprise: AWS is making boatloads of money for Amazon

Amazon Web Services continue to contribute handsomely to the bottom line of its parent company, as the cloud compute outfit saw sales top $3.2bn. The AWS numbers helped to counter an otherwise disappointing quarter for the online retail giant. For Q3 2016, AWS logged: Revenues of $3.23bn were up 55 per cent from $2.09bn in …
Shaun Nichols, 28 Oct 2016

October proves to be the cruellest month for Twitter staff as 350 more laid off

Twitter today confirmed recent press reports that it is reducing headcount by 9 per cent – about 350 people – in an attempt to become profitable in 2017. The company generated $616m in revenues in Q3 2016 yet still managed to chalk up $515m in costs and an operating loss of $78m. So what exactly does the company that no one …
Drew Cullen, 27 Oct 2016

Benioff on being hacked: We're looking into some next-gen fax machines

Marc Benioff is many things. But a whiner is not one of them. Asked on stage today at the Intel Capital Global Summit about the hack of Salesforce board member Colin Powell and the resulting release of the company's highly confidential mergers and acquisition strategy, Benioff was surprisingly upbeat. "On one level, it was …
Kieren McCarthy, 26 Oct 2016
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NetSuite's pre-Oracle curtain call: Growth and costs increase

NetSuite closed in typical fashion what promised to be the final quarter before it is subsumed by Oracle - growth in turnover continued, as did operating overheads and losses. The cloudy ERP firm reported Q3 results for the period ended September, while reiterating it will not give guidance for the fourth quarter and has …
Gavin Clarke, 24 Oct 2016
Satya Nadella

Microsoft kinda did OK this quarter – but whatever, Wall Street loves Satya Nadella

Microsoft's first-quarter results for its 2017 fiscal year reveal a four per cent year-on-year fall in profit and 10 per cent dive in operating income. Just before the quarterly results were announced, Microsoft's stock was down about half a per cent to $57.25 a share. Then when the figures landed, and despite the fall in …
Iain Thomson, 21 Oct 2016

Exertis gets claws in Hammer for undisclosed sum

DCC Technology today confirmed its subsidiary, Exertis, has gobbled specialist storage and lesser known server distie Hammer for an undisclosed sum, which should help ease recent top line pressures. Hammer trades with “almost” 1,000 reseller, system integrator and cloud service provider punters, selling infrastructure gear …
Paul Kunert, 14 Oct 2016
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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
Oracle and Sun logo

NetSuite gobble? We'd walk

Oracle has extended the expiration date of its tender offer for the acquisition of NetSuite to November 4, 2016, but says this will be its final extension and that it will "terminate its proposed acquisition" if the deal can't be done by its new deadline. Big Red's US$9.3bn offer has been resisted by shareholders who feel it …
Simon Sharwood, 09 Oct 2016

CEO of shady ad site Backpage and owners arrested on human trafficking suspicions

Special report The CEO of the notorious online classified site Backpage, Carl Ferrer, has been arrested in Texas on allegations of sex trafficking, after a joint investigation by California and Texas. Earlier this year the US Senate, investigating human trafficking, voted to hold Ferrer in contempt after he refused to co-operate. It was the …
Andrew Orlowski, 07 Oct 2016

It's executive whack-a-mole at Big Data replicator WANdisco

Sacked WANdisco CEO Dave Richards is back in post just seven working days after being ousted; the chairman of the board has now resigned along with another director, and also Erik Miller, the recently-appointed CFO. On September 29 CEO Dave Richards was fired at a breakfast meeting by non-exec chairman Paul Walker at London’s …
Chris Mellor, 07 Oct 2016

Verizon! 'wants! a! discount!'

Verizon is reportedly looking to knock as much as $1bn off the price it will pay for NSA mail-sorter Yahoo! A report from the New York Post cites unnamed sources in reporting that Verizon is seeking a reduction in the agreed acquisition price in the wake of the two latest scandals to hit the beleaguered Purple Palace. An …
Shaun Nichols, 06 Oct 2016
HMS Vengeance returns to HMNB Clyde. Crown copyright

UK will build new nuclear bomb subs, says Defence Secretary

The United Kingdom is to get a new fleet of nuclear-powered submarines to deter Soviet President Putin from invading West Germany, the Defence Secretary announced on Saturday. While Sir Michael Fallon didn't quite say that, what he did say was this: Britain’s ballistic missile submarines are the ultimate guarantee of our …
Gareth Corfield, 04 Oct 2016

Senator! calls! for! SEC! probe! to! be! inserted! into! Yahoo!

A US Senator is calling on the Securities and Exchange Commission to join the queue to administer a kicking to Yahoo!. Yahoo! has admitted hackers accessed about 500 million of its email accounts. The announcement came last week, but the actual hack happened back in 2014. Democrat Senator Mark Warner, who sits on the Senate’ …
John Oates, 27 Sep 2016
Windows Server

Windows Server 2016 will cost more on big servers, but discounts can be found

Windows Server 2016 has finally been shoved out the door today, albeit only for evaluation purposes. Which is a very good thing because the software will cost a lot of users more than they paid for Windows Server 2012, especially if they're slow to talk to Microsoft about their upgrade. Microsoft revealed its Windows Server …
Simon Sharwood, 27 Sep 2016

'Faceless' Liberty Global has 'sucked the very soul' out of Virgin Media

Exclusive Virgin Media staff have voiced widespread discontent over its gobble by Liberty Global, with one describing their new corporate daddy as "faceless change drivers with no concern for the Virgin values," according to a Q&A with senior management this week seen by The Register. The questions, which were part of the company's …
Kat Hall, 23 Sep 2016
A burning dumpster

Half! a! billion! Yahoo! email! accounts! raided! by! 'state! hackers!'

Updated Hackers strongly believed to be state-sponsored swiped account records for 500 million or more Yahoo! webmail users. And who knew there were that many people using its email? The troubled online giant said on Thursday that the break-in occurred in late 2014, and that names, email addresses, telephone numbers, dates of birth, …
Iain Thomson, 22 Sep 2016

HPE sells off 'non-core' software assets

Comment On the day the Dell/EMC acquisition/merger completed, HPE announced it was selling off a load of non-core software assets in a “spin-off” merger with UK’s Micro Focus. HPE gets $2.5bn in cash and HPE shareholders will have a 50.1 per cent ownership of the new entity, which will continue to be called Micro Focus. In addition …
Chris Evans, 21 Sep 2016

Tech Data to slurp Avnet TS for $2.6 BEEELLLION

Tech Data is to buy Avnet Technology Solutions for $2.6bn in a deal that, when completed, will create the chunkiest enterprise IT distie on the planet. Under the terms of the transaction, Tech Data will stump up $2.4bn in cash and 2.785 million of its shares (roughly seven per cent of the ownership position), the US companies …
Paul Kunert, 19 Sep 2016

No-fly zone suggested for Galaxy Note 7

The United States Federal Aviation Administration (FAA) has taken the unusual step of issuing a warning about Samsung's flaming phablet, the Galaxy Note 7. “In light of recent incidents and concerns raised by Samsung about its Galaxy Note 7 devices,” the statement opens, “the Federal Aviation Administration strongly advises …
Simon Sharwood, 09 Sep 2016
trolley_shopping_648

Midwich slurps Euro and Kiwi AV disties

Midwich has confirmed to the London Stock Exchange a couple of acquisitions in the AV distributor market. The Diss-based firm, itself a wholesaler of AV and document “solutions”, floated on AIM in early May with the proceeds going to selling shareholders, to pay down debts and to fund the buy of Kern & Stelly. In today’s …
Paul Kunert, 08 Sep 2016
Larry Ellison photo by drserg via Shutterstock

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
Handshake

McAfee's back! Intel flogs security software biz, pockets $3.1bn

Intel is selling off a majority stake in its security software arm – formerly known as McAfee – to private equity firm TPG, which will rename itself to, er, McAfee. Chipzilla absorbed McAfee Inc in 2010 for $7.68bn, and in 2014 it phased out the McAfee brand name. According to Intel, that software division is today valued at …
Iain Thomson, 07 Sep 2016
recruitment_hired

Avnet interim CEO gets nod for full-time fun and frolicks

Enterprise tech distie Avnet has confirmed former Lenovo big knob Bill Amelio as its permanent chief exec - like it was ever in any doubt. Amelia rocked up in July and fronted the Q4 conference call with analysts to go over why group turnover was still shrinking and then outlined his get rich quick… well a plan. Cue the …
Paul Kunert, 07 Sep 2016
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Nokia's 4.9G races Ericsson's almost-5G, yet the finishing line is a mirage

At Mobile World Congress this year, Nokia emerged as the most aggressively "5G-ready" of the big vendors, while Huawei was still stressing "4.5G", a term it coined, but which has been widely adopted. This week saw Nokia going one better with "4.5G Pro" and even "4.9G", recalling the build-up to LTE, when some vendors and …
Wireless Watch, 07 Sep 2016
Monty Python dead parrot sketch

US tech college ITT is not pining for the fjords. It is no more. It has gone and met its maker

For-profit US-wide college ITT will shut down in the wake of a government decision to bar it from accepting federal student aid money. The technical training school said Monday that effective immediately, it will be ceasing all operations and terminating most of its staff. "The actions of and sanctions from the US Department …
Shaun Nichols, 06 Sep 2016
management intelligence

ARM moneymen OK buyout

ARM's shareholders have approved Japanese tech company Softbank's deal to buy the company for £24.3bn. The British chip designer's share price rose 0.18 per cent - an increase of 3p per share. ARM's headquarters is expected to remain in Cambridge. ® management intelligence
Katyanna Quach, 31 Aug 2016

Holy friggin' Dell! $67bn EMC mega-gobble to complete on Sept 7

Dell and EMC will officially merge next Wednesday – September 7 – after getting approval from Chinese monopoly officials. The combined tech monster will have 140,000 staffers worldwide, and will be called Dell Technologies with Michael Dell as CEO and chairman. A little final financial chicanery is needed because Dell is a …
Chris Williams, 30 Aug 2016
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Nutanix: Yup, OK, we gobbled PernixData, Calm.io. What you gonna do about it?

At long last Nutanix has come clean and revealed it is buying PernixData (VMware's hypervisor memory caching software biz), and confirmed it also slurped devops software company Calm.io. No prices have been disclosed but we understand the Calm.io deal was the one referred to in a Nutanix S1 amended filing, which involved 528, …
Chris Mellor, 29 Aug 2016
A man handing out cash

Rackspace finds its $4.3bn sugar daddy

Cloud management provider Rackspace says that it will be going private in a deal that will pay shareholders $4.3bn. Investment house Apollo Global Management says it will be paying $32 per share to buy out stakeholders and run Rackspace as a private company. Rackspace stock closed yesterday (prior to the announcement) at $30. …
Shaun Nichols, 26 Aug 2016
Nimble_AF_Series_table_competition

Nimble Storage ticks over nicely but will shareholders want more revs?

Nimble Storage's revenue of $97.1m for the second quarter of its fiscal year 2017 beat its guidance of $93m - $96m, which is good, and it generated a loss of $40m; better than the previous quarter's $42.7m loss but worse than the $30.1m it lost in Q2 last year. On the annual compare, revenues were up 21.2 per cent – excellent …
Chris Mellor, 24 Aug 2016

Ingram Micro $6bn sale to Chinese logistics biz delayed

Ingram Micro has pushed out the completion date of its $6bn sale to Chinese logistics provider Tianjin Tianhai to let the Committee on Foreign Investment in the US (CIFUS) review national security implications. The world’s largest tech distributor said last night the “end date” to conclude the deal had been “extended” to 13 …
Paul Kunert, 12 Aug 2016
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VMworld 2016: What happens in Vegas ... could be just a desert trip

Sysadmin Blog VMworld 2016 is just around the corner. While some are giving VMworld a pass in 2016, things are looking up from earlier this year. If you don't mind Vegas in the summer, it might be worth your while. VMworld's return to Vegas marks something of a turning point for VMware. Over the past several years VMware has seemed to be in …
Trevor Pott, 03 Aug 2016