Articles about Wall Street

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
Inside the Google Lab where surgeons prepare the human/dog experiment

Google plans ROBOTS to SLICE YOU OPEN AND CUT YOU UP

Google has signed a deal to collaborate with Johnson & Johnson subsidiary Ethicon to work on surgical robotics applications. The J&J statement says the two companies will “bring together capabilities, intellectual property and expertise” in building a robotic-assisted surgical platform, with the kind of supporting sentence that …
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
Tim Cook as Mr T

Apple drives itself round bend: PITIES THE FOOL who inks deal with carmakers – source

Hours after rumours surfaced suggesting that Apple was working on an "automotive product" with established carmakers – new gossip apparently reveals that Cupertino will go it alone with a self-driving electric vehicle. The Tim Cook-run firm is said to be discussing its plans with eggheads at car manufacturers, but purely – it …
Kelly Fiveash, 14 Feb 2015
Google car

Google creeps up on another sector: Adds car insurance to Compare

Google has added car insurance to its "Google Compare" suite of products, which are "designed to help people make confident, more informed financial decisions." Insurance providers have been told by the Chocolate Factory that "people searching for car insurance on their phone or computer can find you along with an apples-to- …
Pinterest iPad

What are your links worth to Pinterest? $11 BEEELLION!

Social link-sharing site Pinterest has taken in a new round of funding that gives the firm at a hefty US$11bn valuation. The company said in an SEC filing that it had already agreed to sell off $367,099,927 in equity and hopes to move another $210,816,979 (for a total of around $577.9m) in venture capitol investments. That sale …
Shaun Nichols, 17 Mar 2015
Marc Benioff of Salesforce. Pic: Techcrunch

Salesforce boss: One day I'll run a $10bn... er, software biz?

Marc Benioff has accused the world’s largest business software maker and the industry’s biggest database firm of not cutting the mustard on Salesforce's cloudy home turf. Yet his sales fluffer is doing rather well as a – wait for it – software company. Benioff says it will hit $6bn in revenue in 12 months' time. From there, his …
Gavin Clarke, 26 Feb 2015

Mellanox goes to Wall Street for cash

Updated 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 …
arrow pointing up

Compellent basks in Wall Street's love

Shunned by Wall Street since making less profit than the street gods had been led to believe it would, Compellent roared back into favour yesterday after announcing it had made a boatload of money in its latest quarter. Compellent makes Storage Center disk and solid state drive arrays for small and medium enterprises. The arrays …
Chris Mellor, 28 Oct 2010

Apple 'hires' the 'A-Team' from car titans, they DO SAY: Let's modify the 'van'!

Apple has apparently shanghaied experts from the automotive industry for a super-secret project or two that no one really knows anything about. CEO Tim Cook and bling-master Sir Jony Ive have been meeting – and trying to hire – eggheads at Mercedes-Benz and other manufacturers to help develop an Apple "automotive product," it's …
Shaun Nichols, 14 Feb 2015
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 Child Catcher

Google hatching YouTube Kiddie Vids – report

Google is about to enter the lucrative revenue stream of advertising to children, with the Chocolate Factory set to reportedly announce a YouTube app for kids. YouTube executive Malik Ducard will unveil YouTube Kids on Monday at the entertainment industry event Kidscreen Summit, according to The Wall Street Journal. A source …
Kat Hall, 20 Feb 2015
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
big droplets falling from rain cloud

Bank of America wants to shove its IT into an OpenCompute cloud. What could go wrong?

Selling hardware to the financial industry used to be a cash cow for big-name server makers, but they will be getting short shrift from Bank of America, which is shifting its IT into a white-box-powered, software-defined cloud. "I worry that some of the partners that we work closely with won't be able to make this journey," …
Iain Thomson, 07 Mar 2015

Google: What this planet needs is INTERNET FROM SPAAACE

Google is reportedly close to flinging $1bn at Elon Musk's SpaceX to bulk up investment in the private company's development of satellites for internet-based services. According to The Information, which cited several people familiar with the matter, a deal could be sealed soon. One source said that Google had agreed to value …
Kelly Fiveash, 20 Jan 2015
HP CEO Meg Whitman

HP seeks to sell chunk of China networking biz: Report

HP is reportedly on the lookout for an Asian suitor to buy a majority of the company's stake in its China-based H3C Technologies. According to the Wall Street Journal, citing people familiar with the matter, HP is in tentative talks with private equity outfits in the People's Republic. The apparent move comes after HP confirmed …
Team Register, 26 Oct 2014

Seagate belches, chomps down another greenback burger

Seagate’s second quarter revenues for 2015 rose 4.8 per cent over the year to $3.7bn while profits more than doubled to $933m, up from $428m a year ago. Last quarter’s revenues were higher, at $3.8bn, yet profits were $381m. This meant they made up just 10.1 per cent of its revenues compared to 25.2 per cent profit in the latest …
Chris Mellor, 26 Jan 2015

Internet of ... cars? Auto infotainment systems boost Nvidia's Tegra biz

Another storming quarter for Nvidia saw the chipmaker surpass Wall Street's expectations for both revenue and earnings for the third quarter of its fiscal 2015. Nvidia posted revenues of $1.23bn for the three months ending on October 26, 2014, a 16 per cent increase over the same period a year ago and an 11 per cent increase …
Neil McAllister, 07 Nov 2014

Hacker builds cheatbot for hit app Trivia Crack

Security researcher Randy Westergren has reverse engineered super popular app Trivia Crack, recompiled it to help cheaters and along the way showed how to turn it into nastyware. Trivia Crack has taken the world by storm, accruing some 130 million installs across Android devices and an unknown on iOS units. The app which pits …
Darren Pauli, 26 Mar 2015
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
Mark Hurd and Safra Catz

Hurd'n'Catz leading Oracle to the cloud, but core biz still lags

Oracle beat analysts' estimates for once for the second quarter of its fiscal 2015, with an earnings report that otherwise showed only modest results. The database giant's total revenues of $9.6bn for the three months that ended on November 30 were better than expected, but still only amounted to 3.5 per cent year-on-year growth …
Neil McAllister, 18 Dec 2014
Batteries

Tim Cook slurped our brains, snarl fat battery bods A123

Battery manufacturer A123 Systems, specialists in large-scale battery tech for vehicles and power grids, has slung a sueball at Apple for allegedly poaching its engineers. The case concerns five former employees of A123 currently employed by Apple, according to a court filing released on Tuesday. While employed by A123, the …
Kat Hall, 19 Feb 2015
Apple Watch

How many Watches will Apple flog? 20, er, 18.5, no, five, wait, 50 million!

With the Apple Watch allegedly just weeks away from going on sale, industry pundits are weighing in on their predictions for the Cupertino wearable. And boy, do those estimates differ, with wide ranges of price tags and sales figures. According to analysts, the Apple watch will be a hit, unless it's not, and its cost will range …
Shaun Nichols, 20 Feb 2015
Close-up of a YouTube logo as viewed on a computer screen in close up...

NO ONE is making money from YouTube, even Google – report

It seems no one is making money from online goggle box YouTube, least of all Google – despite reports that the company generated $4bn (£2.6bn) revenue last year. While YouTube accounted for about six per cent of Google’s overall sales last year, it didn’t contribute to earnings, a source told the Wall Street Journal. YouTube's …
Kat Hall, 26 Feb 2015
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
Punk-styled girl with piercing gazes at an apple

Apple misses earnings targets, Street reacts

Apple released its earnings report for the third quarter of its 2012 fiscal year, and its numbers came in well below most Wall Street moneymen's projections – largely, it seems, on a steep quarter-to-quarter drop in iPhone sales. Shares in after-hours trading took an immediate hit, down from just over $600 per share before the …
Rik Myslewski, 24 Jul 2012
DDoS image

Massive DDoS racks up $30,000-a-day Amazon bill for China activists

Chinese activist site Greatfire.org which masks censored traffic into the country is under a sustained distributed denial of service (DDoS) attack that is racking up $30,000 a day in server costs. The website masks internet traffic from websites including Facebook and Google, so it can be seen in China, and does so using cloudy …
Darren Pauli, 20 Mar 2015

Apple Watch 'didn't work on HAIRY FANBOIS, was stripped of sensor tech'

Apple has scrapped certain health-monitoring technologies from its upcoming Watch, it's reported, following problems with sensors and regulations. Some of the features are too complicated, while others would have prompted unwanted attention from watchdogs, it's reported. We're told the Watch has failed to meet Cupertino's strict …
Kat Hall, 17 Feb 2015
Tim Cook as Mr T

Apple CEO: Fandroids are BINNING Android in favour of IPHONES

Apple is wolfing down KitKats and Lollipops for lunch after it emerged that most iPhone 6 users have come from Android. iBling salesman Tim Cook told the Wall Street Journal that only 15 per cent of iPhone 6 customers have upgraded from other iPhones. It’s the first time he’s given a number for this trend, and although he’s …
Simon Rockman, 30 Jan 2015
Google's Mountain View Headquarters

Google nabs Morgan Stanley CFO to replace Patrick Pichette

Google have announced that Ruth Porat, currently Chief Financial Officer at Morgan Stanley, will be joining the Mountain View management team as CFO. Current CFO Patrick Pichette announced his retirement to go backpacking earlier this month. Google stated that he would be staying on board to "ensure an orderly transition, which …
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

Opinion 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

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
Monty Python Norwegian Blue dead parrot sketch

Twitter shares tank as blabbergasm implodes in full glare of unforgiving investors

Twitter shares fell sharply on Wall Street today, wiping out about a quarter of the value of the micro-blogging site within minutes of trading opening in New York. The precipitous fall came after the company reported disappointing results in its first quarterly finance call since taking Twitter public last year. It's been a …
Kelly Fiveash, 06 Feb 2014

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
Cellular basestation antenna

ZTE ups 5G investment

Chinese mobe-maker ZTE is ramping up its R&D by ¥400 million RMB*, and wants 800 new engineers in China, Europe and the US – all to help it keep pace with 5G development. Speaking to the Wall Street Journal the company's chief scientist, Dr Xiang Jiying said that the company sees the technology's touted 1,000-times 4G's capacity …
Chinese fence

The West's cloud giants toss escape rope over Great Firewall – and China's not happy

The Chinese government is clamping down on cloud services provided by some of the world's biggest tech companies because they are being used to evade the Great Firewall. Activists outside China have admitted that they use US cloud providers like Microsoft and Amazon to hide encrypted packets in seemingly innocuous accounts in …
Iain Thomson, 18 Mar 2015

Watch: China has made an internet censorship THEME SONG

Video Creating patriotic songs is an age-old solution to difficult problems, albeit one that is out of fashion in the Western world. Not so in China, which has just released a tremendous rousing tribute to its clean, clear and incorruptible internet. The song is performed by the Cyberspace Administration of China choral group, …
Kieren McCarthy, 12 Feb 2015

£2k burning a hole in your pocket? Let this 'advanced' DRONE relieve you

The world's biggest consumer drone maker, China’s SZ DJI Technology Co, has released its "most advanced" drone to date. The manufacturer unveiled its Inspire 1 Drone, priced at $2,899- $3,399 (or from £2,380 in the UK store), which will go on sale this month. The kit includes a 360˚ rotating 4K camera, high-definition video …
Kat Hall, 13 Nov 2014
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
eBay

eBay planning massive job cuts following PayPal split – report

Holiday good cheer may be short-lived for eBay employees this year, many of whom could reportedly lose their jobs not long after the Christmas shopping season. According to The Wall Street Journal, the online tat bazaar is considering cutting as much as 10 per cent of its workforce in the New Year, with most of the 3,000 layoffs …
Neil McAllister, 11 Dec 2014
Swiss alps

Iliad owner coughs €2.3bn for Orange Switzerland

Xavier Niel, the owner of French ISP and mobile phone company Iliad, is buying Orange Switzerland for CHF2.8bn (€2.3bn) from VC Apax Partners. Iliad, under its Free Mobile brand, is a 3G and 4G operator but grew its mobile business through a 2G roaming deal with Orange and used aggressive pricing to grow its market share. Niel’ …
Simon Rockman, 19 Dec 2014
The future of air war

US and UK declare red-team CYBER WAR – on EACH OTHER

The US and the UK are planning a series of joint war games involving cyber-warriors from either side attacking each other in a bid to expose security weaknesses before they are abused by criminal hackers or hostile governments. The exercises, which will initially test the security defences and procedures at banks on Wall Street …
John Leyden, 16 Jan 2015
ipod u2 edition

Just don't blame Bono! Apple iTunes music sales PLUMMET

Elevation and Vertigo may be songs that hit the high notes for Apple boss Tim Cook's chums U2, but the same can't be said for sales of iTunes music right now, which have reportedly nosedived since the start of 2013. According to the Wall Street Journal, iTunes revenue witnessed a rapid decline of around 13 per cent to 14 per …
Kelly Fiveash, 26 Oct 2014
Apple iPad 3 aka new iPad

APPLE set to Air PLUS-SIZED iPAD – claims mag

Apple is in the final stages of designing a 12-inch iPad as big as a dinner plate, it has been claimed. A Japanese magazine called MacOtakara has published blueprints for a device it called the "iPad Air Plus", which will be a bigger version of the world's most famous fondleslab. It will feature a 12.2-inch display and an A9 …
Jasper Hamill, 01 Dec 2014

Facebook is MORE IMPORTANT to humanity than PORTUGAL

Facebook has paid a bunch of consultants to make the dubious claim that the free-content ad network's worldwide economic value is far greater than the billions of dollars in sales it drums up each year. If figures from Deloitte are to be believed, Mark Zuckerberg's ego was stroked to the tune of $227bn, based on the assertion …
Kelly Fiveash, 20 Jan 2015
GoPro HD 2 sports camcorder

A DRONE OF THEIR OWN: GoPro tabbed for cameracopter launch

Action camera company GoPro is reportedly planning to develop and sell its own line of camera-equipped drones. A report from The Wall Street Journal cites sources familiar with the plans in reporting that the company will develop "multirotor helicopters" with built-in HD cameras. According to the report, the company would begin …
Shaun Nichols, 27 Nov 2014

China set to be buried under mountain of surplus robots, warns biz chap

China has been warned of an approaching robot bubble fuelled by Beijing's desire to massively overdevelop the internal automation market. Worried by sluggish growth and ominous warnings of an imminent slowdown, the Chinese state wants to build an army of robotic workers. It plans to create five robotics "champion" firms which …
Jasper Hamill, 30 Oct 2014

EMC in bizarre Juniper gobble attempt - Wall Street whispers

Reports say that data networking supplier Juniper Networks is putting itself up for sale and EMC could be a buyer. Benzinga, a financial website, reported a rumour this week that Juniper was shopping itself around, with banker JP Morgan hired to deal with bids from potential buyers, such as EMC. A bid in the high twenties was …
Chris Mellor, 19 Oct 2012

Elon Musk and ex-Google man mull flinging 700 internet satellites into orbit

Space rocket baron Elon Musk is reportedly in tentative talks with industry players and regulatory bods to build 700 internet satellites weighing less than 250 pounds each. The billionaire is discussing the plans with Greg Wyler, according to the Wall Street Journal. Until very recently, Wyler was leading Google's efforts to …
Team Register, 09 Nov 2014
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