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lifebelt

Overland Storage in fiendish reverse stock split share value ploy

Overland Storage, the troubled tape and low-end scale-out disk array storage vendor, is wanting to do a reverse stock split to get its share price up above the Nasdaq exit level. This is revealed in an SEC Form-8K filing by Overland. It states: "On April 3, 2014, the Board of Directors of the Company approved a one-for-five (1- …
Chris Mellor, 04 Apr 2014

Schmidt gets $100m in Google stock on top of his $6m bonus

Google chair Eric Schmidt has gotten his second $100m dose of restricted stock units in less than three years. The Chocolate Factory said in a filing with the Securities and Exchange Commission that Schmidt was getting the stock award along with a $6m cash bonus for the year next week. The firm said the sizeable package was "in …
The Register breaking news

Facebook stock-spaffers officially LOSERS: Stock hits all-time high of $45

Facebook shares rose over three per cent to a new high yesterday, finally breaking past $45 for the first time since its IPOcalypse last year. This means that even those who paid the highest price the shares hit on the first day of trading would no longer be out of pocket if they sold – that is, if they have held on to their …
Candy Crush Saga

Candy Crush King sees IPO go sour as stock price heads south

Mobile games firm King Digital failed to take the stock market by storm Wednesday as the firm's initial public offering (IPO) saw its stock price decline by more than 15 per cent at close of trading. The company made famous for its Candy Crush mobile game had been seeking a valuation of roughly $7bn wen it offered its shares on …
Shaun Nichols, 27 Mar 2014
wall_street

Box shock stock doc clocks 250 million bucks

Box has filed its hotly anticipated initial public offering (IPO) paperwork to the US Securities and Exchange Commission (SEC). The upstart's S-1 document was published this afternoon, US West Coast time, putting in motion its stock market debut. Box, which provides online file-sharing for businesses, wants to raise $250m from …
Shaun Nichols, 24 Mar 2014
Stock ticker board

Fujitsu: Sayonara, London Stock Exchange... You're not worth the money

Japanese giant Fujitsu is to yank its shares from the London Stock Exchange in a move that will help it cuts costs and which recognises the shifting sands in global financial markets. The application to delist common stock and European Depository Receipts* from the Official List of the UK Listing Authority**, as well to cancel …
Paul Kunert, 28 Nov 2013
Kim Dotcom

Dotcom's Mega looks for a backdoor onto NZ stock exchange

Kim Dotcom’s cloud storage business Mega Ltd has announced plans to go public with a NZ$210 million (£109m) backdoor listing on the New Zealand stock exchange, which will open the firm up to a whole new level of scrutiny. Backdoor listings are usually enacted by smaller firms looking to go public without the cost and hassle of …
Phil Muncaster, 25 Mar 2014
Twitter for Mac Old

TWITTER CLOSES ... its first day of stock trading with shares up 73 per cent

Twitter and its financial advisors will be patting themselves on the back and counting their bucks after the firm's first day on the stock exchange saw its perceived value rise 73 per cent at the close of trading. Twitter stock price Investors piled into the stock at the start of trading; nearly doubling its initial $26 IPO …
Iain Thomson, 07 Nov 2013

Terminator-maker 'Cyberdyne Inc' lists on Tokyo stock exchange

El Reg readers of a more fatalistic disposition may be dismayed, but probably not surprised, to hear that Cyberdyne - the company that invented Skynet and ultimately the murderous "Terminator" machines - has just listed on the Tokyo stock exchange. Of course, it’s not the shadowy defence firm of the iconic Arnie films, which …
Phil Muncaster, 27 Mar 2014

US stock markets unveil new IPOcalypse-BUSTERS to watchdogs

US stock exchanges have said that they’ve figured out how to help stop technical trading glitches, following orders from regulators to come up with new rules after trading on the NASDAQ ground to a halt for three hours in August. Market operators including NYSE Euronext and NASDAQ OMX said they had agreed on certain proposals …
grab_that_cash

Biometrics not so trustworthy: False Samsung stock-pump buy draws Swedish cops

An elaborate scam saw shares in Swedish biometrics firm Fingerprint Cards rise by over 50 per cent after a false press release was circulated saying the company was being bought by Samsung. On Friday press release distributor Cision put out the fabrication, claiming the Swedish firm had been bought for $650m in a cash deal with …
Iain Thomson, 12 Oct 2013
Samsung Diva

Seoul-blackening disappointment for Samsung backers as stock droops

Shares in Samsung Electronics fell to their lowest in four months, dropping over four per cent on Thursday, after analysts said the firm's quarterly earnings were likely to be hit by the strong won and weaker business in its display unit, according to Reuters. The Korean chaebol's stock closed down 4.6 per cent on its fifth …

Billionaire dumps Apple stock because Steve Jobs was 'really awful' guy

Julian Robertson, a Wall Street moneyman who has agglomerated billions from his hedge-fund investments, has sold all of his stock in Apple Inc., not because he necessarily believes shoveling his spondulicks towards Cupertino is a bad bet, but because he has come to the conclusion that Steve Jobs was a "really awful" person. "The …
Rik Myslewski, 08 Oct 2013

Icahn to Cook: 'Buy back $150bn of Apple's stock, or tell me why you won't'

Fresh from his flopped attempt to prevent Dell from going private, activist investor Carl Icahn has turned his attention towards Apple, advising CEO Tim Cook to up his stock-buyback plan to a cool $150bn. Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in …
Rik Myslewski, 01 Oct 2013

Industry group blames 'outdated' kit for stock-market tech disasters

A US trade association for the stock market industry has called for an overhaul of the "outdated" technology systems that exchanges used for their share trading. The Securities Industry and Financial Markets Association (SIFMA) also told the Securities and Exchange Commission (SEC) that it was imperative that brokers, dealers …

NASDAQ halts stock trading, citing data-feed glitch

A technical problem halted Nasdaq securities trading on Thursday, putting stocks such as Apple and Microsoft into limbo. The glitch was due to problems with the trading systems that disseminate pricing quotes, and led to a freeze in the trading of NASDAQ-backed securites at 12:14 Eastern Time. In a statement, the Securities and …
Jack Clark, 22 Aug 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
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 …

We hardly ordered any stock! Yet here we are again with ANOTHER PC MOUNTAIN

Distributors and retailers exercised caution - with one eye on the disastrous inventory mountain that cast a shadow over the channel in recent years - and bought stock conservatively in Q2. The numbers crunched by IDC show that 22.2 per cent fewer boxes were shipped into warehouses in Q2 equating to 19.6 million boxes versus the …
Paul Kunert, 19 Jul 2013
Surface Pro 2 with docking station

Microsoft: We're nearly OUT OF STOCK of Surface 2 and Pro 2

Microsoft says it is nearly out of stock of its forthcoming Surface 2 and Surface Pro 2 fondleslabs, though what that means in terms of actual sales figures is anybody's guess. Surface 2 and Surface Pro 2 are close to selling out. All those buyers are gonna need apps. Your move: http://t.co/YGWmjklfuB — Microsoft Developer (@ …
Neil McAllister, 04 Oct 2013
Apple CEO Tim Cook on the cover of Bloomberg Businessweek

You're spending WHAT on iPhone 6? Wells Fargo downgrades Apple stock

Analysts at Wells Fargo have downgraded their outlook on Apple shares for this year, taking it down from "outperform" to "market perform". A report on the fruity firm stuck to a valuation of between $536 and $581 a share, but it pointed out some concerns about the gross margin of profit on the upcoming iPhone 6 as well as …
The Register breaking news

St Zuck gives half a BEELLION DOLLARS in Facebook stock to charity

Mark Zuckerberg has given half a billion dollars to charity - in Facebook stock. The Facebook CEO has donated 18 million Facebook shares to the Silicon Valley Community Foundation, where the money will go to health and education causes. Zuckerberg's $498.78m gift doesn't make too much of a dent on his stock holdings - he had …
Anna Leach, 19 Dec 2012
The Register breaking news

Facebook stock plunge halts - despite insiders being freed to sell

Facebook stock jumped 12.59 per cent yesterday despite early investors getting the go-ahead to offload millions of shares if they so wished. A lock-out period that prevented staff and others from trading their shares ended on the biggest block of Facebook shares yesterday. The time limit was put in place to give the social …
The Register breaking news

ATTACK of the ROBOT BANKERS brings stock market to its knees

Automated "predatory" robot bankers caused a number of serious glitches that sent the global financial system shuddering to a halt, researchers have claimed. Boffins from the University of Miami found that squadrons of "ultrafast" and out of control trading algorithms caused major spikes and crashes in the market. These dramatic …
Jasper Hamill, 12 Sep 2013

Facebook Zucks up $2bn sales, record profit - but stock fell. What gives?

Facebook posted its results for yet another strong quarter on Wednesday, one in which the social network continued to gain both revenue and users, particularly from the all-important mobile market segment. Total revenues for Facebook's third quarter of fiscal 2013 were $2.02bn, a 60.3 per cent increase over the same period a …
Neil McAllister, 31 Oct 2013

Top Brit Penguins spurn London Stock Exchange for NYSE

Blighty-based open sourcer Alfresco is going public on the New York stock markets under a new chief executive. The content management software vendor has named former SuccessFactors CEO Doug Dennerline its new chief with the goal of stewarding the company through a successful IPO and growth in the US, former CEO John Powell said …
Gavin Clarke, 17 Jan 2013
Punk-styled girl with piercing gazes at an apple

Stock dips as fanbois complain of dodgy Wi-Fi on MacBook Air

Apple is investigating claims that new Macbook Air notebooks are suffering from crippling Wi-Fi connection problems. Cupertino's latest creation, the Macbook Air, boasts an epic battery life, but customers are reporting terrible Wi-Fi problems. Apple has reportedly confirmed the problems, in a briefing note to shop staff seen …
Jasper Hamill, 26 Jun 2013
The Register breaking news

Black hats attack popular Russian stock-trading software

Security researchers have discovered a strain of malware that targets the QUIK stockbroking application. The malware has been used in a string of attacks since November 2012, according to Russian security firm Group-IB. Cyber-criminals have traditionally targeted private and corporate banking accounts, using malware (such as …
John Leyden, 18 Apr 2013
The Register breaking news

Widow lost savings in Facebook stock, sues all concerned for $1.9m

Global financial services firm Morgan Stanley is trying to get its name removed from the securities case of a New Jersey widow who lost her life savings in the Facebook IPOcalypse. Uma Swaminathan filed an arbitration complaint with the Financial Industry Regulatory Authority (FINRA) looking for $1.9m compensation for the …
Netflix streaming service screenshot on Samsung

Icahn trousered $700m from Netflix stock sale?! Er, it would appear so

Billionaire investor Carl Icahn has cashed in on Netflix's good fortunes, bagging profits of between $700m and $800m by selling three million shares earlier this month. Icahn bought shares in the video streaming site just over a year ago for around $58 each and sold some of them yesterday for $341.44 per share, a 457 per cent …
The Register breaking news

Tokyo Stock Exchange falters as IT problems return

The Tokyo Stock Exchange (TSE) suffered its second major systems outage this year on Tuesday (August 7th), suspending derivatives trading for over an hour and striking another blow to the capital’s reputation as a global financial centre. There’s little publicly-available information about the incident, which knocked trading …
Phil Muncaster, 09 Aug 2012
The Register breaking news

Facebook COO Sandberg sells MEELLLIONS OF DOLLARS of stock

Mark Zuckerberg's right-hand woman Sheryl Sandberg banked approximately $7.44m on Friday, after she sold around 353,000 of her shares in Facebook as trading restrictions for employees expired. The free-content ad network's COO - who joined Facebook from rival Google in March 2008 - retains about 20 million vested shares in the …
Kelly Fiveash, 05 Nov 2012
The Register breaking news

Experts mull 'kill switch' for stock-wrecking techno-blunders

Technology and market experts reckon it's a good idea to design "kill switches" to stop computer glitches from causing chaos with stocks, à la Facebook's IPO, but said they better be well-designed. The markets have been plagued by a number of high-profile cock-ups, including the crazy day of Facebook's first stock offering, when …

Sony stock slides to 30-year low after record loss

Sony shares dropped to a 30-year low on the Tokyo Stock Exchange today after reporting a record loss of $5.7bn. The Japanese tech goliath predicts the first profit in five years in 2013, but investors seem unconvinced that the company can turn around its TV business and make any inroads into the smartphone market. Its shares …
The Register breaking news

Apple's stock price swells above stuttering Google

There used to be a running joke – and perhaps one with more than a little truth to it – that one of the reasons the late Steve Jobs didn't split Apple's fast-rising stock was that he wanted to someday see it pass Google in per-share price. Had Apple's co-founder lived exactly six months longer, he would have seen that day come …
Rik Myslewski, 05 Apr 2012

Former co-CEO Balsillie has cashed out all his BlackBerry stock

Whatever happens to BlackBerry from here on out, it won't make any difference to Jim Balsillie. As of Thursday, the onetime co-CEO of the mobile maker formerly known as Research in Motion no longer has any stake in the company he helped lead for 20 years. According to an SEC filing on Thursday, Balsillie now owns zero shares in …
Neil McAllister, 15 Feb 2013
HTC

HTC torches forecasts as stock tsunami floods skint Europe

HTC has slashed its Q2 top and bottom line estimates as it clears the glut of stock in the supply chain and acknowledges weakened demand in Europe. The Taiwanese firm revealed revenues for the period are expected to be NT$91bn (£1.9bn) or some 13.3 per cent lower than the NT$105bn it forecast in April. Operating margin was also …
Paul Kunert, 07 Jun 2012
The Register breaking news

Zynga plays BLAME GAME with Facebook as stock tanks 40%

Online gaming outfit Zynga has partly blamed competition being opened up on Facebook's platform for the maker of Farmville having to revise down its outlook for the year. The company, which claims some 300 million monthly users, is also struggling to quickly release new games onto the market. We are lowering our outlook to …
Kelly Fiveash, 26 Jul 2012

Microsoft Surface Pro launch: It's easy to sell out of sod all stock

Microsoft’s Surface Pro went on sale on Saturday, but stockists almost immediately ran into shortages, provoking anger and frustration among potential fondlers. Redmond officially launched the 64GB and 128GB versions of its Intel tablet chunkster online and at selected retail outlets in the US and Canada at the weekend. But it …
Gavin Clarke, 11 Feb 2013

Apple TV stock shortage sparks new gadget rumour fever

Apple is throttling back its supply of Apple TV boxes, says 9to5Mac, suggesting that Apple is discontinuing the old product line in advance of a big launch. The launch, we assume, is Apple's hyped refreshed TV device. 9to5's source is a Best Buy employee who reckons his store is out of stock of Apple TVs for the first time in …
Anna Leach, 13 Feb 2012
The Register breaking news

Google splits stock in bonus for investors, but keeps control

Google has reported good figures for the last quarter, with revenues up 24 per cent, and is to split the company's stock, creating a new non-voting stock in the company quoted on NASDAQ. "We recognize that some people, particularly those who opposed this structure at the start, won’t support this change - and we understand that …
Iain Thomson, 12 Apr 2012
The Register breaking news

Reefer madness blasts pot machine maker's stock sky high

The management of marijuana dispensing machine manufacturer Medbox has asked investors to chill out and get a grip after the company's stock suddenly rose 3,000 per cent to over $215. "While we are pleased by the share attention, Medbox shares have traded between $2.75 and $3.45 over the past several months," said CEO Bruce …
Iain Thomson, 16 Nov 2012
Twitter for Mac New

Wall St's DROOLING as Twitter GULPS DOWN analytics firm Gnip

Twitter has bought its long-time collaborator Gnip, a analytics firm that should help the social media firm turn its red balance sheets black. Gnip specializes in taking social media feeds and studying them to extract financially useful information. It's one of four companies with access to Twitter's firehose of feeds, and also …
Iain Thomson, 16 Apr 2014
The Register breaking news

IT'S ALIVE: Groupon stock up, spreadsheets still soaked in red

Groupon shares rallied in after-hours trading last night, jumping at least 10 per cent - after the daily deals site announced a better-than-expected rise in revenue. The voucher bazaar is still making a loss, however. Investors have been more optimistic about the site's stocks since co-founder and chief Andrew Mason was ousted …

Hurricane Sandy stops Apple stock deflating

A woeful week for Apple is probably a good thing for the rest of the tech industry, a top channel guru declared today, even if it doesn't mean a new sense of humility within the Infinite Loop. Steve Brazier, opening the Canalys Channels Forum in Singapore today, repeated his assertion that Apple currently dominated the tech …
Joe Fay, 31 Oct 2012
The Register breaking news

Mother charged with selling fake Facebook stock

A Wisconsin woman has been charged over claims she tried to sell $1m worth of Facebook shares that she didn't own. Prosecutors said that Marianne Oleson had told friends that she received the shares because her daughter knew Mark Zuckerberg, and managed to persuade a few different people to take the fake stock off her hands. …
graph up

Israel's stock exchange site knackered by hackers

The website of Israel's main stock exchange was floored by a denial-of-service attack on Monday. Israeli airline El Al has also come under attack by hackers, but its website remains running despite the assault. Visitors to the Tel Aviv stock exchange website are confronted with the message "Please try again later. The site is …
John Leyden, 16 Jan 2012
Image kindly provided by Tarquin Millington-Drake

RIP Howard Strowman: The stock doctor

The career and life of Howard Strowman, who died in a motorbike accident this weekend, mirrored the ever-changing fortunes of the UK's high-tech sector. The crash happened in North Wales on Sunday, 9 September, and he was airlifted to hospital with severe injuries. He died on Tuesday morning aged 67. Strowman set up PST Group …
Paul Kunert, 13 Sep 2012
The Register breaking news

Facebook stock plunge leaves tax-dodge Saverin WORSE off. Haa ha

While taking a break from sipping Cristal Champagne at his home in tax-haven Singapore, Eduardo Saverin - who stumped up $30,000 to get Facebook going when he was Mark Zuckerberg's roommate at Harvard - sparked a political firestorm last month when he renounced his American citizenship ahead of the social network's stock market …
Tim Worstall, 01 Jun 2012
homeless man with sign

Apple accused of starving French reseller of hot stock

Apple squeezed supplies to a top reseller and used its own retail stores to gain an unfair competitive advantage, claims a French shop chain that is taking Apple to court in Paris. eBizcuss, the largest reseller in France, said that Apple favoured its own stores over theirs when it shipped out new and hotly demanded trendy tech …
Anna Leach, 03 Jan 2012