Articles about Wall Street

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
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
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
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
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. Fruity Führer Tim Cook has 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
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
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

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

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
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
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

£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
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
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
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

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

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

Sh** just got real: Amazon to open actual shop in New York City

Proving the old adage that everything old is new again, Amazon is reportedly planning to open its first-ever bricks-and-mortar location in New York City, just in time for the holiday shopping season. According to a report by the Wall Street Journal, the e-commerce titan is beavering away at renovating a space at 7 West 34th …
Neil McAllister, 10 Oct 2014

Taiwan: Top tech giants must stop playing fast and loose with privacy

A Taiwanese watchdog claims 12 of the world's largest makers of cellphones have broken laws safeguarding privacy. The state's National Communications Commission, which has probed several tech giants, wouldn't name all of the accused – but officials at the regulator mentioned Apple, Xiaomi, Samsung, Sony and HTC, according to the …
Shaun Nichols, 05 Dec 2014
Intel headquarters, Santa Clara

Medic! Intel can't stanch bleeding from mobile chip biz

Intel closed the book on a smashing first full year under CEO Brian Krzanich on Wednesday, reporting record revenues and earnings that beat analysts' estimates. But not every aspect of its business looked equally healthy, with mobile as the obvious trouble spot. Chipzilla pulled in $55.9bn in revenues during its fiscal 2014, a 6 …
Neil McAllister, 15 Jan 2015
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

Never fear, Glassholes – Intel to the rescue! 'New CPU' for tech-specs

New models of the painfully nerdy Google Glass goggles will use Intel processors, rather than Texas Instrument chips, it's reported. Today, the expensive headgear is powered by a Texas Instruments OMAP 4430 dual-core Cortex-A9 system-on-chip, which is clocked at 1.2GHz and runs 32-bit ARMv7 code. It also includes PowerVR 2D and …
Shaun Nichols, 02 Dec 2014

AMD stock soars after positive quarterly report

AMD's stock rose by as much as 13 per cent on Monday morning when the Wall Street moneymen returned to work after their Good Friday holiday and rewarded the microprocessor and graphics design firm for its upbeat financial report for the first quarter of 2014. AMD's Monday, April 21 stock price rise We can hear the champagne …
Rik Myslewski, 21 Apr 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
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
Hidden Bing developer ad

Yahoo, Bing beg 'right to be forgotten' wipers: Don't FORGET about US

Amid the growing number of demands by netizens for Google to remove their out-of-date information under the controversial "right to be forgotten" ruling, it seems other search engines are keen to remind us not to forget them, too. Earlier this year the EU's Court of Justice ruled that individuals have a "right to be forgotten" …
Kat Hall, 01 Dec 2014
Amazon founder and CEO Jeff Bezos

Amazon to dig DEEPER into YOUR shopping habit BRAIN with targeted ads system

Amazon is reportedly expanding its own in-house ads system in a move for the online retail giant to compete with Google. According to the Wall Street Journal, which cites people familiar with the matter, the company is developing software that is eventually expected to unseat Google's ad placement platform on its own service. …
Kelly Fiveash, 23 Aug 2014
Google sign outside Mountain View headquarters

OK Google, do I have CANCER?

Google says it is looking to develop a pill that could help detect the early stages of cancer or heart disease. A researcher with the company's Google X project said that the Chocolate Factory's skunkworks is examining how nanoparticles could be used to detect the two potentially fatal illnesses before they get too serious. …
Shaun Nichols, 29 Oct 2014
RadioShack

Spavined RadioShack to file for bankruptcy next month – report

Ailing electronics retailer RadioShack is teetering ever closer to insolvency, reports claim, with a potential bankruptcy filing to come as soon as next month. Although RadioShack has not said that it plans to file for bankruptcy, the Wall Street Journal reports that Salus Capital Partners has already offered it $500m in …
Neil McAllister, 16 Jan 2015
Cyanogen

Microsoft 'showers gold' on anti-Google Cyanogen and its Android alternative

Microsoft will invest in alternative Android firmware startup Cyanogen, a report claims. Citing anonymous sources, the Wall Street Journal reported on Thursday that Microsoft is slated to become a minority investor in an approximately $70m funding round that will see Cyanogen valued "in the high hundreds of millions." The …
Neil McAllister, 29 Jan 2015
sea_hp_sink

HP biz split latest: 'I'm excited!' says CEO as investors exchange nervous looks

HP performed about as well as the analysts expected for the fourth quarter of its fiscal 2014, which is to say it was another difficult quarter that put the cap on what has been a trying year for the tarnished tech titan. Revenues for the quarter were down 2.5 per cent from the year-ago period, at $28.4bn. That sum missed Wall …
Neil McAllister, 26 Nov 2014
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
windows 10 microsoft one windows

No more free Windows... and now it’s all about the services

Microsoft won’t give Windows 10 away for free, and plans to charge for new services instead. That’s according to salesman-in-chief Kevin Turner, who promised new services would roll out in early 2015. Microsoft's chief operating officer was grilled by one investor at a recent Wall Street conference who wondered whether the …
Gavin Clarke, 11 Dec 2014
Sprint CEO Marcelo Claure

Report: Sprint to bring Sony Xperia into tough US smartphone market

Stateside mobile carrier Sprint is reportedly planning to bring the Sony Xperia handset to the US market for the first time. The rumours come just a few weeks after Sprint's newly-installed boss Marcelo Claure said he planned to make aggressive moves to help the company regain market share. Now, according to separate reports in …
Kelly Fiveash, 31 Aug 2014
Cisco CEO John Chambers speaking at Cisco Live! 2014

Cisco ends Q1 an inch ahead of guidance

Cisco has farewelled its chief financial officer after announcing results that showed a still-beating heart somewhere in the giant switch market. Net income for the Borg's first quarter was reported at US$1.8 billion, on revenue of $12.2 billion, about US$40 million ahead of Wall Street's expectations. The company also announced …
Qualcomm

Little trouble in big China: Are some of Qualcomm's chip slingers fibbing?

Mobile chipmaker Qualcomm reported solid results for the third quarter of its fiscal 2014 on Wednesday, with revenues, earnings, and chip shipments all reaching record highs. The California company saw its revenues reach $6.81bn for the three months ending on June 29, 2014, a 9 per cent year-on-year increase that handily beat …
Neil McAllister, 23 Jul 2014
Samsung Galaxy S5

Shin avoids boot: Samsung hangs onto mobile chief despite crappy Galaxy S5 sales

Samsung has surprisingly opted to hang onto its current head of mobile JK Shin, despite rumours that he was for the chop after the mobile division underperformed all year. Reports suggested last week that Shin would be ousted in favour of appliances and telly boss BK Yoon because sales of Sammy’s latest flagship, the Galaxy S5, …
Angry woman on mobile

Bill cram woes piling up for Sprint: Campaigners lob in a sueball

Yet another group has filed suit against Sprint, alleging the US telco unfairly profited from phone bill cramming. The Consumer Financial Protection Bureau (CFPB) said it wants to extract a pound of flesh from the carrier for allowing murky traders to sneak extra charges onto customers' bills, a portion of which was paid to …
Shaun Nichols, 18 Dec 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
Microsoft-themed Monopoly board

China: You, Microsoft. Office-Windows 'compatibility'. You have 20 days to explain

China's antitrust regulator has given Microsoft 20 days to hand over a written explanation of how the Windows OS works together with the bundled Office software suite as part of its probe into the firm’s alleged monopoly activities. The State Administration for Industry and Commerce (SAIC) said in a statement (translated by …

Hacker Hammond's laptop protected by pet password

Former LulzSec member Jeremy Hammond - once the FBI's most wanted and charged with hacking security firm Stratfor - seems to have failed to prevent police accessing his laptop due to a poor password. During a police raid in March 2012 he raced through a friend's Chicago home to shut and lock his laptop. But the effort appeared …
Darren Pauli, 11 Nov 2014
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

Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'

Intel has posted its financial results for its first quarter of fiscal 2014 that were either marginally lower or higher than analysts' estimates, depending upon which analysts you trust. Chipzilla reported revenues of $12.8bn for the quarter, with net income of $1.9bn and the all-important earnings per share (EPS) coming in at $ …
Rik Myslewski, 15 Apr 2014
Hacked US CENTCOM Twitter account

'American soldiers, we are coming...' US CENTCOM military in Twitter hijack shame

Updated Hackers calling themselves the "CyberCaliphate" briefly seized control of the official Twitter account of US Central Command (CENTCOM) on Monday, and used it to post what appeared to be sensitive government documents. The group first posted to the CENTCOM account at around noon, Eastern Time, with a message threatening US …
Neil McAllister, 12 Jan 2015
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 …

Google's Mr Roboto Andy Rubin bids sayonara to Chocolate Factory

Longtime Google exec and former Android boss Andy Rubin, who lately led the Chocolate Factory's robotics efforts, has resigned. The online giant confirmed the move to El Reg via email on Thursday. "I want to wish Andy all the best with what's next," Google CEO Larry Page said in the emailed statement. "With Android he created …
Shaun Nichols, 31 Oct 2014