Articles about Shareholders

Shareholders pen outraged letter about Ellison's bulging package

Oracle and its founder Larry Ellison are facing fresh calls from shareholders to change the company's high compensation structure for executives, and stop ignoring requests to communicate with directors. Dutch and UK shareholder groups PGGM and Railways Pension Trustee Company Limited have more than 2.8 million members and $ …
Kat Hall, 26 Jan 2015
Microsoft CEO Satya Nadella

Microsoft shareholders approve of CEO Satya Nadella's MASSIVE PACKAGE

A revolt by shareholders at Microsoft's annual general meeting over CEO Satya Nadella wages failed to materialize today – and his executive pay package was approved. Company advisory firm Institutional Shareholder Services said it had significant concerns over the size of Nadella's package, which it estimated was worth over $90m …
Iain Thomson, 03 Dec 2014

Imation shareholders facing proxy FUD-flinging war at AGM

Proxy FUD poo is being thrown around at Imation. Activist investor The Clinton Group has its hooks into Imation and the Imation board is pleading with shareholders to reject Clinton's candidates at the May 20 AGM. The Clinton Group thinks five years of declining revenues and losses under CEO Mark Lucas and the current board is …
Chris Mellor, 13 Apr 2015
iPad iBooks app

Shareholders throw the book at Apple for ebook price-fix drama

Apple is once again being sued by its own investors – this time they're irked by the ebook price-fixing brouhaha. The lawsuit alleges the iThing maker part in the scandal harmed its reputation and thus shareholders' investments. According to a court filing obtained by journalist Jeff Roberts, Apple chief Tim Cook, executive Eddy …
Shaun Nichols, 06 Sep 2014

Dead Steve Jobs sued by own shareholders in no-poach pact brouhaha

Apple is once again facing a lawsuit, this time from its own shareholders over its no-poaching-of-staff pacts with rivals. A lawsuit [PDF] filed in California's San Jose District Court earlier this week claims the Cupertino giant misled investors and damaged the value of the company by striking a fishy hiring agreement with …
Shaun Nichols, 13 Aug 2014
paper cut-out men holding hands in linked semi-circle

HP and shareholders to gang up against 'Brit Bill Gates'

Hewlett-Packard and its disgruntled shareholders have settled three lawsuits related to the $10.7bn acquisition of British search specialist Autonomy. But the Autonomy fight is not over – far from it. Both sides have now agreed to co-operate in "potential litigation" against Autonomy’s former CEO Mike Lynch and members of his …
Gavin Clarke, 01 Jul 2014
management management1

HP clinches six week extension on whether to join shareholders' suit against Autonomy

HP has said that it has made decisions about how to proceed with a case brought by its shareholders over the $8.8bn writedown for the acquisition of Autonomy – but it wants six more weeks to mull them over. The company was given until last Friday to think about recommendations by a committee of independent directors over the …
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

SOLD: Emulex – for 34% less than shareholders were offered 6 years ago

Comment Data networking outfit Emulex, harried by activist investor Elliott Management, has given up its independence and shopped itself to Avago Technologies for $606m in cash – $8/share – giving execs and investors a nice windfall. As well as Emulex, Avago also acquires the firm's mainstay Fibre Channel HBA business, its nascent …
Chris Mellor, 26 Feb 2015

Gates chokes up, WEEPS to Microsoft shareholders amid talk of CEO hunt

Bill Gates today delivered an emotional speech to the Microsoft shareholders, choking up as he described his history with the company and the search for a successor for his friend Steve Ballmer. "We've got a commitment to see that the next CEO is the right person, for the right time, for the company we both love," said Gates, …
Iain Thomson, 19 Nov 2013
Dell logo in crosshairs

Shareholders tell Mike 'Just Do It': Dell to go PRIVATE for $24.9bn

Dell shareholders have given the green light to Mickey D to take the company he founded nearly three decades ago private – again. Approval from investors was never really in doubt after activist investor Carl Icahn, who seems more interested in Apple, revealed that he and partner SAM had given up the ownership battle, clearing …
Paul Kunert, 12 Sep 2013
The Register breaking news

Shareholders hoping to squeeze cash from Kodak are deluded, says court

Kodak shareholders aren't going to get the chance to set up a committee to represent their interests in the reorganisation of the bankrupt firm. Investors in the bust camera firm were trying to get a US bankruptcy judge to allow them to set up the committee, after hearing of the current reorganisation plan, which would see them …

Shareholders' advisors back Big Mike's deal to take Dell private

Dell continues to insist that founder Big Mike's offer to take the firm private is what's best for it, announcing today that proxy advisory firms Institutional Shareholder Services (ISS), Glass Lewis and Egan Jones are all recommending it. “We are pleased that all three of the nation’s leading proxy advisory firms have …

Ex-Autonomy boss Mike Lynch goes nuclear: Claims HP 'misleads' its own shareholders

Mike Lynch, former chief of HP-owned Autonomy, tossed an explosive shareholder letter onto the internet today – just hours before HP's annual investors' meeting in Santa Clara, California. The scathing missive alleges Hewlett-Packard has been "misleading" its shareholders about the reasons behind the computer giant's $8.8bn …
Jack Clark, 19 Mar 2014
Dell logo in crosshairs

Dell shareholders head in for second vote on Big Mike's plan

Dell shareholders are set to meet in Texas again today to see whether they can agree to go with Big Mike's plan to take the firm private or prefer to wait for a better offer. Investors are still pretty dubious about their founder's $24.4bn buyout offer for the firm, sources whispered to Reuters, with many feeling that the $13.65 …
The Register breaking news

Clearwire board to shareholders: Go on, grab that Dish cash

The board of Clearwire has unanimously recommended that shareholders take the Dish cash, despite the fact that the broadband wireless firm's biggest shareholder is dead set against the deal. That shareholder is Sprint, which already owns the majority of Clearwire and has offered $3.40 per share for the rest. But, just days …
Bill Ray, 13 Jun 2013
Larry Page's new yacht, 'Senses'

Hey, HP shareholders! Mike Lynch is set to buy a 180-foot superyacht with his Autonomy loot

Exclusive Mike Lynch, the man whose sale of software biz Autonomy to HP resulted in an $8.8bn writedown at the US titan and ongoing probes by the Serious Fraud Office, the US Justice Department and the SEC, is set to splash out some of his gains on an enormous yacht. Sources tell The Register that Lynch is engaged in purchasing a …
Paul Kunert, 12 Sep 2014
sea_hp_sink

HP shareholders advised to give chairman Ray Lane the boot

Two leading proxy advisors are trying to convince HP shareholders to boot out several directors over the ill-fated acquisition of Autonomy, including chairman Ray Lane. ISS, the world's top proxy advisor - a firm hired by shareholders to make recommendations and sometimes cast votes on their behalf - has told HP stockholders to …
The Register breaking news

Oracle suffers premature remuneration: Spaffs $900m on shareholders

Oracle is paying shareholders $867m in quarterly dividends early to beat a possible 2013 US tax hike. The company declared on Monday an accelerated second, third and fourth quarter cash dividend of $0.18 per share of outstanding common stock. The bonanza will be paid on 21 December 2012 instead of quarterly in 2013. Oracle’s …
Gavin Clarke, 04 Dec 2012
The Register breaking news

Cable & Wireless Worldwide shareholders OK Vodafone takeover

More than 99 per cent of voting shareholders have approved the takeover of Cable & Wireless Worldwide by Vodafone, despite suggestions that one of the largest was holding out for more money. Vodafone put £1,044m on the table at the end of April, but Orbis Investment Management threatened to vote its 19 per cent holding against …
Bill Ray, 19 Jun 2012
Dell chairman and CEO, Michael Dell

Dell buy-out latest: Big Mike makes shareholders an offer they can't refuse

Dell has once more put off the vote on whether company founder Big Mike can buy out the PC-making titan - after he and his biz partner Silver Lake Partners slightly upped their offer to shareholders and demanded a change to the voting rules. The computer giant's special board committee postponed the stockholder vote on Mikey …
The Register breaking news

Yahoo! punts! $3.6bn! to! shareholders! after! Alibaba! deal!

Yahoo! has closed the $7.6bn stage of its sale of stock to Alibaba, bagging $4.3bn in cash after taxes and fees. Alibaba has long wanted the share in its stock sold back to Yahoo! so it can have greater independence and go for its own stock market flotation in the next few years. But it took over two years of negotiations for …
Google sign outside Mountain View headquarters

Google's latest mega-earnings fail to impress shareholders

It's hard to be disappointed about quarterly revenues of $15.42bn – unless you're Google, that is, and the analysts expected you to bring in even more. The online ad-slinger underperformed in both revenue and earnings per share during the first quarter of its fiscal 2014, based on the average estimate gathered by Yahoo! Finance …
Neil McAllister, 16 Apr 2014
gavel_judgment_channel

HP knew Autonomy was a duff buy, claim HP shareholders in $1bn suit

HP ignored numerous warning signs about the state of Autonomy's finances and accounting irregularities at the firm before acquiring it for $11bn, shareholders have alleged in a $1bn lawsuit. The investors are suing HP's current CEO Meg Whitman, her predecessor Leo Apotheker, former HP chairman Ray Lane and Autonomy founder Mike …
The Register breaking news

MetroPCS shareholders approve sweetened T-Mobile merger

Shareholders in US mobile minnow MetroPCS have approved an improved offer from Deutsche Telekom's T-Mobile USA subsidiary after the Germans sweetened the terms of their offer. Institutional investors had balked at the merger, saying it loaded the company down with too much debt. But Bloomberg reports they have accepted a deal …
Iain Thomson, 24 Apr 2013
management regulation1

HP's shareholder settlement deal over Autonomy merger DENIED – again

A US district judge has thrown out a proposed settlement deal of a sueball lobbed at HP by some of the company's shareholders, after it bought Blighty software outfit Autonomy for $10.7bn in 2011. "The shareholders appear to be relinquishing a whole universe of potential claims regarding HP governance and practices with no …
Kelly Fiveash, 20 Dec 2014

HP shareholders bay for blood in $19 BEELLION writedown aftermath

Updated Hewlett-Packard investors are rearing up against Meg Whitman’s board, demanding senior heads roll over several multi-billion-dollar failed acquisitions, including HP's 2011 $11bn buy of Brit software company Autonomy - which it wrote down to the tune of $8.8bn late last year. The Autonomy writedown at the tail-end of 2012 was HP …
Gavin Clarke, 26 Feb 2013

Investor lobs sueball at BlackBerry, says it 'misled' shareholders

A BlackBerry shareholder has filed a lawsuit accusing the company and its chief exec and CFO of inflating its share price with unrealistic promises about BB10, leading to thousands of investors getting burnt. The suit was filed in federal court in Manhattan, New York, by one Marvin Pearlstein, in the names of "thousands" of …
Bill Ray, 07 Oct 2013

'Conscious uncoupling' of HP 'Ink', HP Enterprise: It's the shareholders, stupid

Just a few weeks ago, anyone would have said that HP CEO Meg Whitman was seemingly cast from the same mould as former Brit politician Mrs Thatcher: the lady was not for turning. That perception of the CEO, who has told people for years that she planned to keep the PC and printer division part of the group because "we are better …
Paul Kunert, 06 Oct 2014
Tesla Model X e-SUV dashboard

Tesla loses $100 million after Chinese problems

Elon Musk was expecting it, but a little trouble in big China has hit Tesla's bottom line hard. The company lost $107.6m in Q4 2014, up from a loss of $74.7m for the previous quarter. Musk blames this on a weak market in China and delays with getting the new P85D to customers “We built 11,627 vehicles in Q4, thus achieving our …
Simon Rockman, 12 Feb 2015

BT thinks EE customers will FLEE from enlarged four-play mobe biz

BT has warned its shareholders that a tumble in mobile prices is a factor that has to be considered ahead of voting to agree the £12.5bn purchase of EE. In a 104-page circular of legalese (PDF) sent to BT shareholders, the telecoms behemoth recommends that shareholders vote to agree the deal. The company says that this is part …
Simon Rockman, 02 Apr 2015
Sky 3D football

Sky: We're no longer calling ourselves British. Yep. And Broadcasting can do one, too

BSkyB has ditched the words British and Broadcasting from its name, after the media and telecoms company completed its takeover of Sky Italia and Sky Deutschland yesterday. From now on, it will simply be known as Sky, but shareholders will be asked to approve the name switch at the firm's AGM on 21 November. Its company stock …
Kelly Fiveash, 13 Nov 2014
Tim Cook

Dead Steve Jobs' wage-fixing pact in Silicon Valley was news to us, claim Apple directors

Apple insists its top execs were not aware of the employee wage-fixing pact Steve Jobs apparently had between his Silicon Valley rivals. Apple stockholder R. Andre Klein is suing the iPhone giant's CEO Tim Cook, a handful of its directors and the Jobs' estate, on behalf of the company's shareholders, claiming the top brass must …
Shaun Nichols, 21 Apr 2015

HP in 'serious' settlement talks over Autonomy legal bust-up

Hewlett-Packard seems poised to settle a lawsuit with shareholders over its $10.7bn purchase of Mike Lynch’s software company, Autonomy. The computer company said in a statement that it is in “serious discussions” to settle the suit, brought in November 2012 by angry shareholders. “No final deal has been reached yet,” HP said …
Gavin Clarke, 30 Jun 2014

Seagate's third quarter results looking lacklustre as profits tumble

Seagate has reported year-on-year declines in third-quarter revenue and profit, as notebook enhancements went unnoticed. Third fiscal 2015 quarter revenues were $3.3bn, 3 per cent down on the $3.4bn recorded a year ago and 11 per cent lower than the second full-year 2015 quarter's $3.7bn. Profits were $291m, 26 per cent down on …
Chris Mellor, 20 Apr 2015
Oracle's Iron Man 2 ad

European Commission okays Oracle's MICROS gobble

Oracle's US$5bn purchase of integrated hardware-maker MICROS has been approved by the European Commission. News of the approval, which landed last Friday, doesn't mean the deal is over the line: Oracle is still reminding shareholders that its offer expires on Tuesday, September 2nd. If Oracle does gobble MICROS it will give the …
Simon Sharwood, 01 Sep 2014

Arrow Electronics buys Computacenter tech disposal biz for £56m

It may be cold outside, but Computacenter (CC) investors have got a warm glow this morning – they are to receive a £100m windfall, partly financed by the sale of the tech disposal and asset recovery biz. The London-listed tech supplier last night revealed to the City the sale of RD Trading (RDC) for £56m in cash to the UK arm of …
Paul Kunert, 03 Feb 2015
Money

Gleeful Apple and Microsoft bathe in bathfuls of debt

Tech giants have discovered an ingenious way to borrow money – assume debts nearly paid for by the lenders. Apple is reported to have raised 1.25bn in Swiss francs ($1.19bn) from two bonds that will mature in 2024 and 2030 with rates of 0.25 and 0.7 per cent. That means Apple will pay back almost zero interest to the bond’s …
Gavin Clarke, 11 Feb 2015
Yahoo!'s Q4 2014 earnings conference call

Yahoo's! Mayer!: We'll! spin! off! $40bn! Alibaba! stake! and! pay! ZERO! tax! on! it! Ha!

Yahoo! has announced plans to sell off all of its remaining stake in Chinese online giant Alibaba, even as its latest earnings report shows a company struggling to pull in revenue on its own. The Purple Palace said on Tuesday that it will spin off all of its remaining holdings in Alibaba – some 384 million shares worth an …
Neil McAllister, 28 Jan 2015
The Register breaking news

Telstra shareholders pass deal with Oz government

Telstra shareholders have, with some quibbles from the floor, approved the proposed $AU11 billion deal between the carrier, the government, and NBN Co. Under the deal, some aspects of which which are still being mulled by the Australian Competition and Consumer Commission, Telstra will receive $AU11 billion at net present value …
Data centre

Vows exchanged as Telecity and Interxion prepare to wed

A merger between Telecity and Interxion made public on Wednesday will create a £600m-plus sales heavyweight in the European carrier-neutral data centre space, if it's agreed by shareholders that is. The duo confirmed a non-binding $2.2bn all-share pact: the proposed transaction is to be structured as an offer by London-listed …
Paul Kunert, 11 Feb 2015

Talk is FINNISHed: Nokia to buy Alcatel Lucent for €15.6 billion

Nokia and Alcatel-Lucent have confirmed rumours about a possible merger by saying it will happen, as “The two companies have entered into a memorandum of understanding under which Nokia will make an offer for all of the equity securities issued by Alcatel-Lucent”. Each Alca-Lu share will be exchanged for 0.55 of a new Nokia …
Simon Sharwood, 15 Apr 2015
iiNet actor

iiNet to be scooped up by TPG for $1.4 billion

Competition in the Australian broadband market is about to take another step backwards in favour of consolidation, with TPG announcing it's going to buy iiNet. iiNet has long been a favourite of Australia's Internet users for doing battle with "big content" over its right to take piracy cases all the way to end users. It won the …
Job cuts jpeg

'Careful management of headcount' for Juniper after tepid quarter

Juniper Networks has reported a difficult third quarter that left CEO Shaygan Kheradpir “disappointed” by “lower-than-anticipated demand from service providers, particularly in the U.S.” Revenue was $1,126 million, down eight per cent from 2014's second quarter and five per cent compared to the same Q3 in 2013. Non-GAAP net …
Simon Sharwood, 24 Oct 2014
Vulture

Activist investors DESTROY COMPANIES. Don't get me started on share dealings...

Comment Public companies have four groups of stakeholders: shareholders; execs paid with share performance in mind; other workers; and their customers. Shareholders and share value-incentivised execs are ripping the heart out of many public companies, siphoning off their wealth, going for short-term in favour of long-term interests, and …
Chris Mellor, 09 Oct 2014

Alibaba: Just kidding about that $21bn IPO ... we actually want $25bn

Chinese web bazaar Alibaba has raised the goal for its upcoming stock market debut in the US. The company said in an updated filing to US financial watchdog the SEC that it is now seeking out a maximum per share price of $68 – setting its initial public offering goal to $25.03bn. The company previously sought to haul in $21bn …
Shaun Nichols, 16 Sep 2014
The Register breaking news

Shareholders! attempt! Yahoo! coup!

Troublemaking Yahoo! shareholder Daniel Loeb, head of hedge fund Third Point, has filed with the SEC to appoint himself - and three other directors nominated by him - to the board of the beleaguered web firm. Loeb has been a constant agitator of Yahoo! since the web biz first wobbled, and called for the resignations of co- …

Lexmark splashes $1BEEEELION on Kofax

Lexmark International is trying to counter flatlining revenues and falling demand for print hardware by splashing $1bn to consume enterprise software seller Kofax. Under the terms of the deal, Lexmark will cough $11 per share and fund the buy with non-US cash on hand and existing credit facilities, it said. Kofax’s portfolio …
Paul Kunert, 25 Mar 2015
ello

Hello, Ello. Still no ads and no features to sell. What do? Bag $5.5m

Hipster-chic anti-Facebook wannabe Ello is today $5.5m richer, apparently – and hopes to silence critics of its no-ads manifesto with a renewed vow to never sell adverts nor user data. The social network upstart has declared itself a public benefit corporation with a statement never to plonk ads on its site or flog private …
Shaun Nichols, 23 Oct 2014
Sony PV-100 Videocorder

Sony CEO forced to shush shareholder heckling at fiery AGM

Sony yesterday endured a fiery annual general meeting at which investors heckled CEO Kazuo Hirai. Over a decade of strife, the Japanese giant has become a byword for red ink, failed turnarounds and missed boats. Rivals like Samsung and LG have thrashed it in old markets like televisions while Apple beat it into new markets like …
Simon Sharwood, 20 Jun 2014
cloud

Novell shareholders approve Attachmate buyout

The shareholders of beleaguered systems software supplier Novell has approved the $2.2bn takeover of the company by Attachmate. According to an 8K filing with the US Securities and Exchange Commission, shareholders representing 68.1 percent of the 352.8 million outstanding shares of Novell showed up for the special meeting or …