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Articles about Wall Street

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Hacker claims breach of Wall Street Journal and Vice websites, punts 'user data' for sale

A hacker known for attacking news websites has claimed successful hacks against both the Wall Street Journal and Vice. An individual going under the handle "w0rm" posted screenshots in a bid to substantiate his claims of hacks against the WSJ (here) and Vice (here) before offering to sell stolen databases from both publications …
John Leyden, 22 Jul 2014
SOURCE: http://www.sxc.hu/photo/959469

Wall Street woes: Oh noes, tech titans aren't using bankers

There was much astonishment over at the New York Times as it explained that the big Silicon Valley tech firms, the Googles, Apples, Facebooks, aren't using the traditional services of the Wall Street bankers as they make their acquisitions. There are a number of reasons for this. As to whether this is all a good idea or not, …
Tim Worstall, 20 Aug 2014

AMD posts $1.4bn in sales, beats Wall Street moneymen's predictions

AMD has announced its financial results for its first fiscal quarter, and the chip designer handily beat analysts' expectations in both revenues and the all-important – to the Wall Street moneymen, at least – earning per share (EPS). On both a GAAP and non-GAAP basis – which excludes one-time items* – AMD reported revenues of $1 …
Rik Myslewski, 17 Apr 2014
Red Hat 100 Dollar

Red Hat to Wall Street: I came here to chew FeedHenry and kick some ass. And I'm all out of FeedHenry

Red Hat surprised analysts with very strong earnings for the second quarter of its fiscal 2015 on Thursday, even as the Linux vendor looked to enter the enterprise mobile apps market with a €63.5m ($82m) acquisition. The Wall Street wizards were expecting Red Hat to report revenues of $437.13m but it beat that figure handily, …
Neil McAllister, 19 Sep 2014
An Amazon Coin

Amazon reports rare profit and is punished by Wall Street

E-retail bellwether Amazon badly missed Wall Street expectations on Thursday, causing its shares to fall – even though it reported a healthy profit. The e-retail giant reported earnings per share of $0.51 and net sales of $25.59bn for its fourth quarter of 2013 on Thursday, missing Wall Street estimates of $0.66 and $26.06bn by …
Jack Clark, 31 Jan 2014
wall_street

Apple blows past (most) Wall Street moneymen's expectations

After Apple announced its new iPad Air and iPad mini with Retina display last October, CEO Tim Cook offered the hopeful opinion that "it's going to be an iPad Christmas." Turns out his hopes were fulfilled. Apple has announced its financial results for the first quarter of its fiscal 2014 – which happens to coincide with the …
Rik Myslewski, 27 Jan 2014
Double Facepalm; when one facepalm is not enough.

Wall Street traders charged with stealing company code via email

Three men have been charged with pilfering trade secrets from a Wall Street firm after two of them emailed themselves computer code belonging to their former employer from their company email accounts. Glen Cressman and Jason Vuu, both former employees of Wall Street firm Flow Traders, were each charged with unlawful duplication …
Neil McAllister, 27 Aug 2013

Flash daddy SanDisk: Revenues up, but Wall St unimpressed

SanDisk's third 2013 quarter showed a healthy annual and quarterly increase but subdued profits, while Fusion-io integration costs and mis-met Wall Street expectations sent the shares down a tad. Revenues were $1.75bn – a record. They were $1.63bn a year ago, meaning a seven per cent increase, and the same in the second 2014 …
Chris Mellor, 17 Oct 2014

Apple's strong iPhone sales crush Wall Street moneymen's tepid expectations

Despite not introducing any significant new products during the second quarter of its fiscal 2014 ended in March, Apple has announced unexpectedly healthy revenues and profits for the quarter, with the all-important earnings per share numbers crushing analysts' expectations. Apple historical revenue and profit chart Apple's …
Rik Myslewski, 23 Apr 2014
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

Giant advertising, sorry, 'Search' firm Google makes BILLIONS - but not enough for Wall St

Google did manage to shrink its dependency on advertising in the third quarter of fiscal 2014 – albeit slightly – but lest you doubt what the online giant's actual business is, ads run mainly beside other people's content still accounted for 89 per cent of its sales. And as has been the case for many consecutive quarters, sales …
Neil McAllister, 16 Oct 2014

Apple earnings slip, but numbers beat Wall Street estimates

Apple – unlike its tech-industry compatriots Microsoft, Google, Intel, BlackBerry, and über-rival Samsung – surprised most Wall Street moneymen by turning in slightly better than expected numbers for its third fiscal quarter of 2013, reporting revenues of $35.3bn, net income of $6.9bn, and the all-important earnings per share ( …
Rik Myslewski, 23 Jul 2013
wall_street

Chinese tat bazaar Alibaba snubs Honkers, eyes up Wall St float

Chinese web marketplace Alibaba reportedly looks set to field its initial public offering in the US after it failed to secure a stock exchange listing in Hong Kong. The online-shopping powerhouse, which is headed up by Jack Ma, could float on Wall Street early next year with a price tag valued at $70bn, the Wall Street Journal …
Team Register, 25 Sep 2013

AMD fools Wall Street, posts smaller loss than expected

A day after its competitor Intel posted financial results for its most recent quarter that came in slightly below analyst's estimates, AMD bucked that disappointing trend – but it's not quite out of the woods yet. AMD reported its second quarter results on Thursday after markets closed, and reported a loss of $0.09 per share ( …
Rik Myslewski, 18 Jul 2013
Oracle headquarters

First day of Hurd'n'Catz at Oracle: It's dis-fur-pointing for Wall St

Oracle posted results that missed analysts' expectations yet again on Thursday, in a Q1 2015 earnings report that was all but overshadowed by the unexpected news that Larry Ellison has stepped down as CEO. Revenues for the quarter were $8.60bn, a scant 2.68 per cent gain over the same period a year ago and below even the lowest …
Neil McAllister, 18 Sep 2014
The Register breaking news

Mysterious Facebook product plumps up shares on Wall Street

Facebook's stock went north on Wall Street - reaching $32 a share yesterday for the first time since July 2011 - basking in the glow of the free content ad network's imminent product announcement. The company sent out invites to the press last week to "come and see what we're building". Surprisingly, the details of what will be …
Kelly Fiveash, 15 Jan 2013
big droplets falling from rain cloud

Backup biz CommVault to Wall St: Cheer up, lads. We just need MORE SALES REPS

Results are in for CommVault, whose final 2014 quarter showed a revenue rise and a slight drop in profits, missing Wall St's estimates. But the biggest surprise to analysts was its concession that it had "under-hired" in Q4. The Simpana data protection and archiving software shipper found analysts were not sympatico when it …
Chris Mellor, 28 Apr 2014
wall_street

Red Hat revenues rise but not enough for Wall Street

Red Hat is growing like a weed, and thinks that in a few years open source cloud computing could be worth more to it than the entire Linux market. The open source firm reported revenues of $348m on Wednesday for its fiscal Q4 2013, up 17 per cent year over year. Though the earnings saw big increases year-over-year, they were …
Jack Clark, 27 Mar 2013

Intel inches above Wall Street's earnings expectations

On the day that the Dow notched its first triple-digit gain in over a month, Intel joined the party – well, in a minor way, to be sure – by beating Wall Street's lowered expectations for its most-recent quarter. The company reported quarterly revenue of $13.5bn, net income of $3bn, and earnings per share of 58¢. While those …
Rik Myslewski, 16 Oct 2012
The Register breaking news

Facebook reports revenues up 40% but Wall Street says 'meh'

Mark Zuckerberg must be tearing at his hoodie after Facebook's shares dipped following the release of what are, on the face of it, very respectable quarterly results for his company. Revenues for Facebook's fourth quarter of fiscal 2012 stand at $1.585bn, up 40 per cent on this time last year, with advertising up 41 per cent and …
Iain Thomson, 31 Jan 2013

Apple shares dive after quarterly report disappoints Wall Street

Apple released its financial results for the first quarter of its 2013 fiscal year after the markets closed on Wednesday, and disappointing results immediately drove its stock price down by over 5 per cent. Although Apple posted record quarterly revenue of $54.5bn, a quarterly profit of $13.1bn, and earnings-per-share (EPS) of $ …
Rik Myslewski, 23 Jan 2013
The Register breaking news

Wall St 'Likes' Facebook again: Shares edge up to pre-IPOcalypse price

It's been 14 months since Facebook debuted on Wall Street and the company has finally rebounded to its initial public offering share price of $38. On Tuesday, the free content ad network's stock rose 7 per cent to $37.96 - just a whisker away from its 18 May 2012 IPO price tag. Facebook saw its shares hit repeated snags: first …
Kelly Fiveash, 31 Jul 2013

Tightwad music spaffer Pandora opens box for Wall St to fill with cash

Controversial webcaster Pandora, under fire for running its music streaming business with the iron grip of a plantation owner, is returning to Wall Street for a cash injection. The company floated in 2011 and its popularity (it has 70 million listeners), revenues (up 55 per cent year on year) and share price (now almost $25) …
Andrew Orlowski, 17 Sep 2013

Wall Street's internet darlings require an endless supply of idiots

The following stories have one thing in common. Can you guess what it is around the dinner table this evening with your friends? Last week Samsung announced the acquisition of a crowd-funded startup called SmartThings for $200m. USA Today wrote that the deal “has also once again validated the power of crowdsourcing platform …
Andrew Orlowski, 23 Aug 2014
The Register breaking news

Facebook fails to wow Wall Street with slow profit growth

Facebook posted strong revenue for its first quarter of fiscal 2013, beating analyst estimates, but profits only inched ahead slightly as the social network continued to struggle with its transition to a mobile-first company. Total revenue for the quarter was $1.46bn, up 38 per cent from the previous year's Q1 but down 8 per …
Neil McAllister, 01 May 2013
michael_dell

Dell, the man, prevails in quest to wrest Dell, the company, from Wall Street

So that's done, then. Shareholders of IT giant Dell have approved a $24.9bn private takeover bid put together by company founder Michael Dell, Silver Lake Partners, and borrowed dough from Microsoft and a slew of banks. Now Wall Street will be off Dell's back as it tries to reorganize itself for the future of computing, …

Chicago Mercantile Exchange floats Wall Street cloud

Cloud computing promises the easy migration from one supplier to the next, but we all know that isn't the case because there isn't any market punters can access to buy and sell their resources. But on Monday that changed when the Chicago Mercantile Exchange (CME) announced it had signed a non-binding Letter of Intent with cloud …
Jack Clark, 01 Oct 2013
The Register breaking news

Wall Street Journal launches own WikiLeaks

A new chapter has started in the long and complex story of Julian Assange’s relationship with mainstream media, with the Wall Street Journal launching a competitor whistleblower site. SafeHouse is soliciting whistleblower documents covering “politics, government, banking, Wall Street, deals and finance, corporations, labor, law …
The Register breaking news

Apple nudges out Exxon Mobil for top spot on Wall Street

Apple briefly shunted Exxon Mobil into the No. 2 spot on the New York Stock Exchange yesterday to become the most valuable company in the US. The oil giant was restored to the top of the pile at close of trading on Tuesday, which was another difficult day on Wall Street. Late last week America slipped from the much-desired ' …
Kelly Fiveash, 10 Aug 2011

Lone sysadmin fingered for $462 MEEELLION Wall Street CRASH

On August 1st, 2012, high-frequency equities trader Knight Capital lost $US462 million after automated trading systems went haywire, a mess that has now been traced to a mistake by a single sysadmin. The incident saw the company place orders for many more shares than its clients wanted to buy. Knight ended up holding the baby, …
Simon Sharwood, 23 Oct 2013
Microsoft campus

Microsoft: Ha ha, my Wall Street friends - THIS time the victory is OURS

Microsoft disclosed on Thursday its earnings for the first time since outgoing CEO Steve Ballmer announced the company's radical restructuring in July, and from all appearances, all is well in Redmond. The software behemoth reported profits of $5.24bn (up 17 per cent year on year) and earnings per share of $0.63 on record first- …
Neil McAllister, 25 Oct 2013
The Register breaking news

Feds stamp on cash pipeline to Mt Gox, Bitcoin's Wall Street

The Department of Homeland Security has frozen an online trade route between US citizens and Mt. Gox - the world's largest exchange of crypto-currency Bitcoin. The move will be interpreted as an opening skirmish in a battle to control the electronic cash, which has exploded in popularity and so far avoided regulation by …
Jasper Hamill, 15 May 2013
The Register breaking news

Yahoo! apologizes for blocking Wall Street protest emails

Yahoo! has admitted that its email filters were blocking news of the ongoing occupation of Wall Street by activists, which is now in its fourth day. An investigation by Think Progress found that emails containing a link to the OccupyWallSt.org website – which contains the latest updates on the protest – were being bounced back …
Iain Thomson, 21 Sep 2011
For Sale sign detail

Apple annihilates Wall Street performance estimates

With another fiscal quarter now in the bank, Apple has again embarrassed Wall Street analysts. The Cupertinian juggernaut posted its financial results for its third fiscal quarter of 2011 on Tuesday, and the numbers were – to understate a wee bit – quite satisfactory. "We're thrilled to deliver our best quarter ever, with …
Rik Myslewski, 19 Jul 2011

Alibaba swings a large one with STONKING IPO legal bills

Alibaba's initial public offering legal bill has swelled to $15.8m. As noted by Reuters, that's six times the amount paid by Facebook ($2.6m) when it prepared to float onto Wall Street in May 2012. The Chinese e-commerce giant disclosed its big $15.8m payout to lawyers in a filing with the US Securities and Exchange Commission …
Kelly Fiveash, 06 Sep 2014
EMC federation logo

EMC has nothing to say on VMware sale plan

EMC has reportedly refused to say whether or not it intends to sell a stake in VMware, after being reported as entertaining just such a sale. Confused? Here's how this is playing out. Back in July, activist investor Elliot Management picked up a stake in EMC. Someone then whispered in The Wall Street Journal's ear that Elliot …
Simon Sharwood, 12 Sep 2014

IBM's Watson gets a job on Wall Street

IBM has signed a deal with banking group Citi to use the data-analyzing abilities of the Watson supercomputer to help deal with its customers. Citi will try out Watson – which beat off human competition to win the US quiz show Jeopardy! last year – in a variety of roles. These could include building customer profiles based on …
Iain Thomson, 06 Mar 2012

Hey, Michael Lewis: Stop DEMONISING Wall Street’s SUPERHUMAN high-speed trading

Yesterday's energetic debate on CNBC between BATS Global Markets president William O'Brien and Flash Boys author Michael Lewis and IEX's Brad Katsuyama put the cat among the pigeons over high-frequency trading. It was all provoked by Moneyball writer Lewis' new book, Flash Boys, which, among other things, makes the claim that …
Tim Worstall, 02 Apr 2014
The Register breaking news

Apple stuns Wall Street with 95% earnings surge

Apple blew past the Wall Street moneymen's predictions for its financial performance in the second quarter of its fiscal year 2011, posting record Q2 revenue of $24.67bn along with record Q2 net profit of $5.99bn. "We're firing on all cylinders," said CEO Steve Jobs in a prepared statement. "We will continue to innovate on all …
Rik Myslewski, 20 Apr 2011
channel

Brocade gives Wall Street the finger

The SANs are okay... Brocade beat pessimistic Wall St estimates about its fourth quarter (Q4) earnings and outlook for the next quarter, showing that there is more life in the Fibre Channel and Ethernet vendor than analysts gave it credit for. Revenues in the fourth quarter ending 29 October were $550m, a 9 per cent rise on the …
Chris Mellor, 24 Nov 2011
Apple iOS 7

Bloke squeezes Apple's boules, predicts millions of iPhone 6s, iWatches

Apple has enough sapphire glass within its grasp for two models of the iPhone 6, if one was to appear, as well as the semi-mythical iWatch, an independent analyst has claimed. Matt Margolis, of Wall Street Forensics, has scoped out GT Advanced Technologies, the firm tasked with operating Apple's sapphire factory in Mesa, Arizona …
Jasper Hamill, 16 Jun 2014
The Register breaking news

First the NYT, now the Wall Street Journal: But are hacking attacks from China new?

The Wall Street Journal is the latest media titan after the New York Times to admit it was raided by Chinese hackers. The WSJ confessed on Thursday a day after the NYT similarly blamed intruders linked to China's military for a persistent four-month assault against its computer systems. The attack against the NYT used a …
John Leyden, 01 Feb 2013
Snapchat logo

Yahoo close to investing $20m in disappearing chat app Snapchat

Yahoo! is close to a deal where it would invest $20m of its Alibaba pot in startup Snapchat, valuing the IM service at around $10bn, according to reports. The Wall Street Journal and the Financial Times said that familiar people had told them that Yahoo! had started negotiations with the idea of investing up to $50m, but that …
The Register breaking news

Adobe startles Wall St with Q4 sales climb

Just one month after Adobe confirmed it was axing around 7 per cent of its global workforce and backing away from its Flash Player software on mobile gadgets, the company has reported final quarter results that surprised Wall Street. It pulled in revenue of $1.1bn (£0.7bn) for the three months ended 2 December, up 14 per cent …
Kelly Fiveash, 16 Dec 2011
HP cloud

Report: HP to SPLIT OFF PC, printer biz from enterprise wing

Hewlett-Packard is reportedly planning a big break-up of its businesses, splitting its PC and printer operations from the company's corporate hardware and services divisions. The Wall Street Journal, citing people familiar with the matter, said that the huge rejig could be announced by HP on Monday. One source told the …
Kelly Fiveash, 05 Oct 2014
Eve in the Garden of Eden talking to a rather angry God on Snapchat

So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL

It’s that time of year again, when Apple’s annual iPhone launch is looming and the mobile chattersphere becomes entirely dominated again by one handset maker. In 2007 and 2008, that was completely justified. Since then, there have been progressively fewer reasons to define the whole smartphone sector by Apple. New models have …
Wireless Watch, 25 Aug 2014
interview_suit_and_tie

So you wanna be a Wall Street techie? Or anyway, get paid a lot

For at least a couple of decades now, if you’ve been a technologist and wanted to get paid as highly as possible for your work, there’s been pretty much only one place to go: the financial industry. meeting_room_empty_chair Have a seat, chum... we'll be in shortly to pick up the questionnaire on the syntax of complicated and …
Dave Mandl, 19 Jun 2012

Mellanox goes to Wall Street for cash

InfiniBand and Ethernet networking chip and equipment maker Mellanox Technologies announced after the market closed in New York on Monday that it would be issuing up to 3 million shiny new shares to raise some cash for working capital and strategic investments. The offering, which has J.P. Morgan Securities, Credit Suisse …

BMC Software flings patent sueball at ServiceNow

Newly private BMC Software is taking ServiceNow to court, claiming its up-and-coming enterprise help-desk rival trampled over its sacred patents. BMC has accused ServiceNow of violating seven of its patents (5,978,594, 6,816,898, 6,895,586, 7,062,683, 7,617,073, 8,646,093 and 8,674,992), spanning incident management, performance …
Gavin Clarke, 24 Sep 2014

Report: IBM to peddle its chip wing

IBM is rumored to have retained Goldman Sachs to help it put a price on its semiconductor division. The news was reported by the Financial Times on Thursday afternoon, California time, and follows IBM's long-expected announcement of the sale of its server division to Asian electronics giant Lenovo. At the time of writing …
Jack Clark, 07 Feb 2014