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Articles about Wall Street

Profit-free Box trousers $150m in funding. So much for an April IPO

Loss-making enterprise startup darling Box.com has swallowed another $150m in venture funding. The cloud collaboration announced the funding Monday as part of a deal that reportedly boosts the company’s value from $2bn to $2.4bn. The shot of private equity comes despite the company’s plan, announced in March, to go public with …
Gavin Clarke, 08 Jul 2014
BlackBerry bleeding

If BlackBerry killed off its social gaming platform, would anybody notice?

Sticking to its knitting, BlackBerry is closing Scoreloop - the German social gaming platform and tools company it acquired in 2011 for $71m. The Canadian mobile phone company once known as RIM told the Wall Street Journal that this was in line with its focus on enterprise. When BlackBerry bought Scoreloop, it was at the height …
Simon Rockman, 16 Jul 2014
The Register breaking news

Yahoo! wows Wall Street with revenue drop

Yahoo!'s revenues took another fall during the fourth quarter - that's the fifth tumble in a row - but they didn't fall quite as much as expected. The beleaguered web portal reported revenues of $1.73bn during Q4, a 4 per cent drop from a year ago. But that's up 10 per cent from Q3, and it beat the expectations of both the Wall …
Cade Metz, 27 Jan 2010
LSI WarpDrive SSD

Wall Street gives LSI 16% fist-bump for quadrupling flash revenues

Integrated circuits and storage systems biz LSI scored $622m in revenues in its second 2012 quarter, 26 per cent higher than a year ago and 6 per cent higher than the first quarter after "better-than-expected growth". Profits were $59m, 11 per cent up on the year-ago profit number but $16m less than the first quarter. But the …
Chris Mellor, 27 Jul 2012

New iGasm: Apple to unveil not one but TWO iPhone 6 models on 9 Sept

Apple will, we're told, hold a "big media event" on Tuesday, September 9, which is expected to be the day the long-awaited iPhone 6 is officially revealed. El Reg's invite to the bash appears to have been lost in the post; instead we learned word of the launch party from the Wall Street Journal and others. Bloomberg reckons …
Chris Williams, 06 Aug 2014
Project Tango handsets

Google could make two for Tango with 3D tablet plans

Google's Advanced Technology and Projects (ATAP) group has already announced plans for a smartphone dubbed Project Tango that can map out 3D environments, but a report suggests the same technology will be built into a line of tablets as well. According to The Wall Street Journal, the boffins at ATAP have designed a seven-inch …
Iain Thomson, 23 May 2014
Zxx font example

Well done on the privacy lawsuit. Now NSA will keep your phone records INDEFINITELY

The US government is considering extending the controversial collections of US citizens' phone records for an even longer period in order to avoid tossing potential evidence in lawsuits designed to curtail the surveillance programme. Lawsuits geared to stopping the indiscriminate, untargeted collection of phone call records mean …
John Leyden, 27 Feb 2014

Sprint eyes T-Mobile, grabs $32 BEELLION from wallet, prepares to SLURP

The question - not if - but when Sprint would snap up T-Mobile in the US moved one step closer to reality today, after the wireless carrier was reportedly valued at nearly $40 a share. T-Mobile, according to the Wall Street Journal, has been valued at around $32bn. A merger could be agreed within weeks, people familiar with the …
Kelly Fiveash, 05 Jun 2014
A hammer and bent screw

Don't Hammer Bob's backup biz: At least sales are up

CommVault, the all-singing-and-dancing data management, enterprise backup and archive company, saw its revenues rise 14 per cent in its first fiscal 2015 quarter - but its profits fell by five per cent. Despite that, it still beat Wall Street's earnings estimates. Revenues were $152.6m compared to $134.4m a year ago, while the …
Chris Mellor, 30 Jul 2014
Uncov chronicles the failure of Web 2.0

BAE retracts hedge fund hack allegation

BAE Systems Applied Intelligence has retracted allegations of a nasty attack on a hedge fund it floated on Canadian television a couple of weeks ago. The firm today told Bloomberg was just a scenario that it used for “illustrative” purposes. BAE has promised not to scare us all with hypotheticals any more. That promise is all …
Simon Sharwood, 03 Jul 2014

YouTube radio stream boss 'quits Google' amid outcry from indie labels

The manager for Google's controversial and yet-to-launch YouTube music streaming service is leaving, the Wall Street Journal claims. Chris LaRosa is the second boss to quit the streaming subscription project in a year, the paper suggests. Assuming the report is correct, he's joining a startup. YouTube sealed deals with major …
Andrew Orlowski, 23 Jul 2014

NetScout sues Gartner over magic quadrant placement

NetScout has taken offence at its low placement in the all-powerful marketing tool, the Gartner magic quadrant, to such an extent that it's suing the analyst firm. In paperwork filed on August 5, the network software vendor has come out swinging at Gartner, accusing it of running a “pay-to-play” operation. “Gartner is not …

OMG, sorry about 'poor comms' on Facebook secret emoto-meddle tests. Laters!

A top Facebook chief has admitted the firm did a poor job of informing its users about a controversial 2012 experiment that manipulated the emotions of nearly 700,000 people on the free content ad network. COO Sheryl Sandberg told reporters during a meeting in India on Wednesday that Facebook had made a hash of the secret test …
Kelly Fiveash, 03 Jul 2014
wall_street

Oracle takes an arrow to the EPS: It's that darned strong dollar... again

Oracle is claiming a $9.3bn haul of revenues, up 4 per cent year-on-year, in its third quarter of fiscal 2014 – but that fell short of Wall Street analyst earnings expectations. The company said that on the quarter it saw GAAP earnings per share of $.56, up 8 per cent and just short of the projected 10 per cent increase. Overall …
Shaun Nichols, 19 Mar 2014
SOURCE:  http://www.sxc.hu/browse.phtml?f=view&id=1412135

Down-with-the-kidz Apple stuffs up with wild 'funness' claims

Apple appears to have made a shocking admission: that one of its endlessly upgraded product lines is boring. On its website, Apple said its new iPod Touch was "engineered for funness", a sarcastic term used by the yoof – generally as an adjective and/or an abstract noun... A Reg reader pointed out the fruity faux pas and …
Jasper Hamill, 09 Jul 2014

Google mulls splashing MEEELLIONS on laying fat pipe in watery depths

Google is mulling over splashing some of its cash on a new, multimillion-dollar undersea cable for its private network. The ad giant is considering laying the new cable under the Pacific Ocean to link its data centres in Oregon and Japan, familiar people whispered to the Wall Street Journal. By investing in the cable itself, …
The Register breaking news

Wall Street protest app Vibe is secure enough, cries dev

That new "anonymous Twitter" app we wrote about last week? It is more anonymous than Twitter – but it isn't actually very anonymous. "Vibe isn't like BBM, which is encrypted," New York-based developer Hazem Sayed told The Reg. "This wasn't designed like BBM was for exchanging confidential market information, but we don't have …
Anna Leach, 11 Oct 2011
T-Mobile Sprint

Sprint spits out T-Mobile US gobble bid, says goodbye to CEO – claim

Sprint is set to give up its attempt to acquire T-Mobile US and plans to replace its own CEO, or so it is claimed. The Wall Street Journal cited unnamed sources in reporting that fears monopoly watchdogs would nix the merger led US carrier Sprint to abandon its pursuit of T-Mob US. The deal was rumored to be worth as much as US$ …
Shaun Nichols, 06 Aug 2014
Ciscoblood

Cisco revenue dip means 6,000 staff to be de-assimilated

Facing rising competition, Cisco has announced another round of layoffs – 6,000 – in financial results that beat analyst expectations but were still flat. Presenting the company's latest quarter results, CEO John Chambers announced the latest round of layoffs, but was at least able to give a sliver of good news, with revenue …
The Register breaking news

Amazon's soaring revenues depress Wall Street

Amazon continues to prove that a melting economy doesn't necessarily mean you can't continue to expand sales on the world's largest etail site. During the second quarter ending June 30, the company pulled in revenues of $4.65 billion, a fifteen per cent jump from the same quarter last year. But this wasn't enough to satisfy the …
Cade Metz, 24 Jul 2009
The Register breaking news

Microsoft biz stars won't shine in Wall Street web show

Microsoft watchers and stockholders scratching their heads over the recent cloud re-org, Bing's continued losses, and potential prospects for Office 2010 will have to personally trek to Redmond this year if they want to hear from those directly in charge about what's going on. That's because Microsoft has shaken up its annual …
Gavin Clarke, 28 Jul 2010

Twitter #blabbergasm explodes as shares soar close to $50 on NYSE

A profit-starved Twitter saw its shares debut on the New York Stock Exchange today with a price tag $45.10. The micro-blogging site, which earlier this week issued an explanation to would-be investors about what its service actually offers, set its initial public offering price at $26 last night. First indications from the …
Kelly Fiveash, 07 Nov 2013

eBay warns investors: Don't expect 'em to stuff stockings with our tat

Shares in eBay tumbled in after-hours trading on Wall Street, after the online tat bazaar coughed to a "cautious outlook" for the holiday season in the US. The company alerted investors that it could face a difficult Christmas period and partly blamed the government shutdown for a potential slump in sales. Wall Street reacted …
Kelly Fiveash, 17 Oct 2013
Sad Anonymous

Anonymous wifi the latest casualty of Russia net neurosis

Russians will be required to hand over their passport-validated phone numbers to access public wireless networks under new laws. The laws ban the use of public wireless networks, creating confusion around precisely which networks would be affected and what form of identification would need to be provided. Leonid Levin, deputy …
Darren Pauli, 11 Aug 2014
management regulation1

LightSquared backer sues FCC over spectrum shindy

US hedge fund Harbinger Capital Partners is suing the US government - and specifically the Federal Communications Commission (FCC) - according to the Wall Street Journal (paywall), for its part in the demise of optimistic wireless broadband network LightSquared. The network filed for Chapter 11 bankruptcy last May after the FCC …
Simon Rockman, 14 Jul 2014
The Register breaking news

iPad pitch to the Wall Street Journal laid bare

Steve Jobs took the iPad to the Wall Street Journal to explain why the paper should drop Adobe's Flash, to a cool reception. The details of Mr. Jobs' presentation to staff at the Journal were revealed by ValleyWag. They included his dismissal of Adobe's Flash technology along with the arguments about why the Journal should drop …
Bill Ray, 19 Feb 2010
channel

Netlist's HyperCloud memory gets Wall Street's blessing

Right about now, server memory module maker Netlist is probably wishing that it hadn't already gone public. But if the enthusiasm in a new public offering by investors on Wall Street last Friday is any indication, Netlist may be onto something with its new HyperCloud DDR3 super-dense main memory for servers. As The Register …
Vodafone Smart

Reports say Vodafone to gobble Spanish cable outfit Ono

Vodafone is about to pay around $US10bn to acquire Spain's Ono, according to several sources. The Wall Street Journal reports the deal will be announced on Monday, with $9.73bn to change hands. Bloomberg offers round $10bn, citing the same folks familiar with the report as does the Journal. Ono is a triple-play operator, …
Simon Sharwood, 17 Mar 2014
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
Twitter for Mac New

Twitter hints at messaging moves

Twitter has issued a couple of big, meaty, hints that it wants in on instant messaging. The avian network already has a messaging service, in the form of “direct messages” that are sent between two parties but don't ever appear in public. Such messages, known as DMs among the Twitterati, aren't very widely used because most apps …
Simon Sharwood, 22 Jul 2014

Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s

Apple has told its suppliers to build a mighty mountain of 70 to 80 million new iPhone 6s. The new Jesus handset is expected to come in two sizes and arrive this year. This means that the number of brand-new iPhones could match the population of Germany, which is inhabited by slightly more than 80 million souls, and totally …
Jasper Hamill, 22 Jul 2014

Redmond may buy security company it says is wrong about AD flaw

Microsoft is reportedly in talks to buy Israeli security firm Aorato for $200 million after this week pouring cold water on its claim to have discovered a critical flaw in Active Directory. Aorato was founded by former Israeli Defense Force hackers and offers products that detects attacks on against Active Directory. As …
Darren Pauli, 16 Jul 2014
Samsung Galaxy Gear

Samsung WRISTPHONE – for those who wanna whisper to strap-ons

Samsung is about to give the world a smartphone-on-a-wrist, according to The Wall Street Journal. Murdoch's money magazine reports that the as-yet-un-named device will run the Tizen operating system, include a camera, Bluetooth, GPS, heart rate monitor and even an email client. Unlike Samsung's current wearables, it won't need a …
Simon Sharwood, 26 May 2014

Google chair Eric Schmidt reportedly visits Cuba

Nixon in China it may not be, but Google's chairman Eric Schmidt has reportedly visited Cuba. Cuban blog 14yomedio.com reports that Google executive chairman Eric Schmidt and other senior Googlers dropped in over the weekend to promote “the virtues of an open internet”. Freedom House's 2013 Freedom on the Net 2013 rates Cuba as …
Simon Sharwood, 30 Jun 2014
A fake tattoo on the leg of Canberra Raiders footballer Sandor Earl, sent by Huawei as an April Fool

Huawei: 'Tizen has no chance', Windows Phone is 'difficult'... it's Android all the way

Richard Yu, the head of Huawei's consumer business group, has said that he sees an Android future for the company. The Chinese company has huge global ambitions to capitalise on its standing as a major infrastructure supplier and to become a consumer brand and is particularly looking to The Middle East and Africa. It’s a policy …
Simon Rockman, 26 Aug 2014
channel

Penguin Computing overclocks Opterons for Wall Street

Linux server specialist Penguin Computing has jumped into the overclocked server fray with a new Altus server aimed at clock-hungry high frequency stock trading applications. At the HPC on Wall Street Conference in New York City this week, Penguin Computing is showing off its Altus 1750 server, which is built using Advanced …

US negotiators in Singapore to unblock TPP negotiations

America's free trade tourists have returned to Singapore on yet another attempt to unlock stalled talks over the Trans Pacific Partnership treaty. Hailed by business and government alike, the 12-nation treaty has been criticised on various grounds: the secrecy of its proposed text, the lack of consultation in many countries, …
IBM's System x3620 M3 server

China clears Lenovo's slurp of IBM server biz

The Chinese Ministry of Commerce has finally approved Lenovo’s $2.3bn deal to buy Big Blue’s server biz, according to Reuters. The country’s anti-monopoly bureau has taken its time over the decision and the US authorities have yet to rule on the acquisition, but Lenovo has said it expects the deal to close this year. Chief exec …

Don't hang up! Cisco chucks $100m at Internet of Things

Cisco may have predicted tough times ahead, after sales recently fell sharply in China and it laid off 4,000 employees due to a growth slump, but the networking giant reckons that pumping cash into the so-called Internet of Things will help spur on recovery. It has slapped $100m on the pile to invest in ultra-low-power embedded …
Kelly Fiveash, 13 Feb 2014

Wacky 'baccy making a hash of FBI infosec recruitment efforts

The Federal Bureau of Investigation wants to hire more infosec professionals to help fight cyber-crime, but can't find the people they need because there's too much weed to weed out from the talent pool. No, really: the Wall Street Journal is reporting that FBI Director James Comey made that exact complaint in a speech delivered …
Zombie cloud

What's a right pain in the ASCII for IBM? Its own leech-like hardware biz

IBM's earnings for the first quarter of the year show that the company's hardware division has turned into a leech sapping Big Blue's profits. IBM's total revenues for the quarter were $22.5bn, down four per cent on an annual basis and earnings-per-share are $2.54. This represented the eight consecutive quarter of declining …
Jack Clark, 16 Apr 2014
Facebook

What's up, Zuck? Facebook asks Brussels to probe its GIGANTIC WhatsApp deal

Facebook has asked the competition wing of the European Commission to probe its $19bn buyout of WhatsApp in a move to apparently nullify a host of investigations being sparked in multiple EU nations. According to the Wall Street Journal, which cited people familiar with the matter, Facebook appears to be keen to swerve antitrust …
Kelly Fiveash, 28 May 2014
graph up

IBM pitches overclocked Xeons to Wall Street

Big Blue has joined the ranks of server makers that are pitching servers using over-clocked processors to latency-sensitive financial services companies. IBM's new System x3650 M3 HF server is based on Intel's "Everest" Xeon 5698 variant of the "Westmere-EP" Xeon 5600 lineup, which has four of its six cores disabled and which …
Lenovo

US regulators OK sale of IBM's x86 server biz to Lenovo

US regulators have given the thumbs-up to IBM's sale of its x86-based System x server business to China's Lenovo, Big Blue announced on Friday. "The approval of the $2.3 billion sale to Lenovo enables IBM to focus on system and software innovations that bring new kinds of value to IBM clients in areas such as cognitive computing …
Neil McAllister, 16 Aug 2014

Mozilla DENIES reported claims of board rift over new chief Eich

The Mozilla Foundation has denied that the departure of three members of its board is a vote of protest regarding the controversial appointment of Brendan Eich as CEO. The Wall Street Journal reported over the weekend that folks familiar with the matter say three directors - John Lilly, Ellen Siminoff and Gary Kovacs - bailed …
Simon Sharwood, 31 Mar 2014
The Register breaking news

Wall Street Journal wants your micro-payments

The Wall Street Journal online, one of the few remaining news websites that's charging for access, plans to introduce a micro-payments scheme this autumn. Non-subscribers will be charged to view individual articles, according to a report Sunday — somewhat amusingly by the WSJ's overseas rival, The Financial Times and not the …
Austin Modine, 11 May 2009

Twitter rejigs layout, opens wide to swallow SLURRY OF ADS

It's been five months since the Twitter blabbergasm rolled into town. And, now that it's a grown up company trading on Wall Street, the micro-blogging site needs to crawl its way into the black. To do that, Twitter has suddenly gone a sombre grey with a layout tweak that surely signals to tweeting fans that the site is about to …
Kelly Fiveash, 08 Apr 2014
Roughly 150kg of gold

IBM, HP, others admit products laced with NORK GOLD

IBM, HP, Seagate, and other companies have admitted that some of their products include gold from North Korea. The companies disclosed in recent financial filings – first spotted by Foreign Policy – that some of their suppliers sourced gold from the "Central Bank of the DPR of Korea", according to filings with the US Securities …
Jack Clark, 03 Jun 2014
David Flynn

Fusion-io founder Flynn flies again with new storage upstart

Ousted Fusion-io co-founder David Flynn has a new gig: startup Primary Data. And the chief marketing officer? Why, none other than Rick White, co-founder of Fusion-io and its chief marketing officer when he resigned along with Flynn earlier this year. He started at Primary Data in June. The news is reported by the Wall Street …
Chris Mellor, 13 Aug 2013

Twitter swallows BEHAVIOURAL AD firm TapCommerce

Twitter plans to buy mobile behavioural ad outfit TapCommerce for an undisclosed sum. It's the micro-blogging site's latest strategy to attempt to turn around a profit at the company, which floated on to Wall Street late last year. Twitter said in a blog post that TapCommerce was "a leader in mobile retargeting and re- …
Kelly Fiveash, 01 Jul 2014