Feeds

Business > More stories

Job cuts jpeg

Chips are down at Broadcom: Thousands of workers laid off

Broadcom is exiting the cellular baseband business, a decision that's has bitten hard, with the company announcing layoffs of around 2,500 employees – around 20 per cent of its total workforce – worldwide. Its latest SEC filing shows the company turned in a loss of $US1 million for the quarter, a collapse from the previous …

iPad? More like iFAD: We reveal why Apple fell into IBM's arms

Apple has been talking up its strong Mac and iOS device sales in its latest quarter – but the real news was a stonking slump in iPad numbers. The Cupertino giant said the three-month period ending June 28 was its best-ever fiscal third quarter on record. It reported revenues of $37.4bn, up six per cent year on year, which led to …
Shaun Nichols, 22 Jul 2014

How's VMware doing? Like a bull in a China shop, boasts virty beast

VMware revenues have risen 17 per cent on the back of the company signing several lucrative multi-year licensing agreements. The virtualization giant reported its second quarter of 2014 financials [PDF] on Tuesday, with revenues of $1.46bn and earnings-per-share of $0.81 both beating analyst expectations of $1.44bn and $0.79 …
Jack Clark, 22 Jul 2014
Microsoft campus

Microsoft bags more CASH – but profit's flat as Nadella waves axe

Microsoft posted solid yet unspectacular results for both the fourth quarter of its fiscal 2014 and the full fiscal year, even as investors braced for new CEO Satya Nadella to axe as many as 18,000 staffers. Revenues for the quarter beat analysts' estimates slightly at $23.38bn, a 17.5 per cent gain over the same period a year …
Neil McAllister, 22 Jul 2014
Goodwill

Goodwill's goodwill rocked as Feds probe bank card hacking scam

American charity Goodwill is being investigated by US federal authorities as the possible ground zero for a major debit and credit card security breach. But the company says it thinks it's in the clear. "Goodwill Industries International was contacted last Friday afternoon by a payment card industry fraud investigative unit and …
Iain Thomson, 22 Jul 2014
Lock security

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

ARM: We've signed 41 new deals and we are IN to the Internet Of Stuff

ARM Holdings has dodged the impact of slowing device sales with 41 customers signing new deals to license its chip technology. The company Tuesday announced a nine-per-cent jump in second-quarter profit to £68m on revenue that climbed seventeen per cent to £187.1m. Earnings per share increased 11 per cent to £3.91. But …
Gavin Clarke, 22 Jul 2014

ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US

Seagate and LSI are off the hook for infringing Taiwanese firm Realtek’s semiconductor patents after the US International Trade Commission (ITC) ruled that Realtek can't enforce its rights without a local presence. Realtek had accused Avago-owned LSI and Seagate back in 2012 of violating its patent on a way of making an …

Autonomy's ex-chief beancounter tries to kill HP investor settlement

Autonomy's former chief financial officer has sought to block HP from settling three shareholder lawsuits over its botched acquisition of the British software company. The former exec claims HP will use the settlements to "forever bury" its supposed culpability in the calamitous buy. Sushovan Hussain, who served as Autonomy's …
Jack Clark, 21 Jul 2014
Sorry we're closed

Samsung supplier halts assembly line amid child-labor probe

Debt collectors are literally circling the factory of a Chinese supplier to Samsung, where the assembly line remains halted following allegations that it hired underage workers. Samsung, which claims to have a "zero tolerance policy on child labor," said in a statement last week that it had temporarily suspended its relationship …
Neil McAllister, 21 Jul 2014
Microsoft campus

Too many IT conferences to cover? MICROSOFT to the RESCUE!

Microsoft is kicking off a corporate overhaul with the introduction of new policies shrinking the number of corporate conventions and contracted workers. The company said in an email to partner firms that it would place an 18-month limit on the tenure of all contracted employees. Those who hit the limit will be asked to take six …
Shaun Nichols, 21 Jul 2014

Huawei's turnover rockets upwards. Suck on that, US government

Execs at Chinese hardware maker Huawei are laughing all the way to the bank after reporting a healthy bounce in revenues and margins, despite being effectively blockaded by some governments in the West. The maker of telco kit, smartphones and enterprise networking gear today said that turnover for the first half of calendar '14 …
Paul Kunert, 21 Jul 2014

You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary

A UK government-backed scheme to curtail the widespread use of pirated copies of music, television and film has officially been launched and - as expected - comes without any harsh penalties being threatened against persistent offenders. Instead, millions of pounds of taxpayers' money has been chucked at an education programme …
Kelly Fiveash, 21 Jul 2014
Octopus

What kind of Big Data is yours? Is it data bauxite, data aluminium ... or data Dreamliner?

Analysis Data is valuable. There, we’ve said it, do you feel better? The question is, has data as an information currency - and an entity in and of itself - become inherently more valuable? Now that we have real time transactional big data analytics to enrich our lives, does this mean that the 1s and 0s inside every binary now somehow …
Microsoft CEO Satya Nadella

So whither Microsoft? If Nadella knows, he is keeping it well hidden

Analysis After Microsoft’s mega jobs bloodbath, we’re still not much wiser about what Microsoft will look like in five years' time. Steve Ballmer turned the focus from PCs to devices and services – manufacturing its own devices, and promoting its own services regardless of the platform. Satya Nadella was supposed to bring further clarity …
Andrew Orlowski, 21 Jul 2014

BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled

The BBC is scrambling to fix what appears to be a number of severe technical glitches on its network, after its website and catch-up TV service were hit by a major outage at the weekend. At the time of writing, Auntie was still carrying a "simplified version" of its BBC website on its homepage. The Corporation said: "We are …
Kelly Fiveash, 21 Jul 2014
SOURCE:  http://www.sxc.hu/browse.phtml?f=view&id=1412135

There's NOTHING on TV in Europe – American video DOMINATES

Analysis A new report from the European Audiovisual Observatory shows what a sorry state European TV and film production is in when compared with the US market, and shows that US programming is increasing its stranglehold on European TV and video services. While the initial functions of the European Audiovisual Observatory were mostly …
Faultline, 21 Jul 2014
EMC federation logo

Activist investor plans to de-federate EMC: report

Activist investors have taken a billion-dollar stake in EMC in order to break apart its federation and spin out VMware, according to The Wall Street Journal. Quoting folks familiar with the matter, The Journal says Elliot Management Corporation, an outfit financial rating service Hoovers describes as a hedge fund that "takes an …
Simon Sharwood, 21 Jul 2014

Want to beat Verizon's slow Netflix? Get a VPN

Video Yet another person has stepped forward to claim that Verizon is deliberately throttling Netflix traffic, this time with video evidence. Colin Nederkoorn, CEO of software firm Customer.io, alleged in a personal blog post that his Verizon Fios internet connection in New York slows Netflix traffic to a trickle, but runs at full …
Shaun Nichols, 18 Jul 2014
Kindle Unlimited screenshot

Amazon's Spotify-for-books: THE TRUTH

Amazon has confirmed the launch of a monthly subscription service that will allow unlimited access to ebooks and audiobooks. The company said Kindle Unlimited will allow peeps to pay a $9.99 flat fee and have full access to a collection of 600,000 titles. The service covers printed and audio titles. To promote the subscription …
Shaun Nichols, 18 Jul 2014
Nyancoin logo

Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash

Dell has started accepting Bitcoin as payment for stuff. The PC giant, which notches up about $60bn in annual sales, said on Friday it is testing a feature that lets customers pay for gear with cryptocurrency. "We’re piloting bitcoin, the world’s most widely used digital currency, as a purchase option on Dell.com for consumer …
Jack Clark, 18 Jul 2014
Apple Contact Hero shot

Financial wizardess joins Apple board, air of coolness noticeably diminishes

The founder of investment fund BlackRock has joined the Apple board of directors, perhaps giving a tantalising clue to the fruity firm's interest in entering the financial services arena. Susan L Wagner, founding partner and director of BlackRock, has replaced Bill Campbell, who was the longest-serving member of the board and …
Jasper Hamill, 18 Jul 2014

Will the next US-EU trade pact prevent Brussels acting against US tech giants?

The European Union government in recent years has proven to be perhaps the most willing to take on the world's major tech companies over digital rights and wrongs. But that could come to an end if planned measures allowing companies to sue governments for lost profits are implemented as part of the next EU-US trade agreement. A …
Jennifer Baker, 18 Jul 2014
HP CEO Meg Whitman

HP CEO Meg Whitman dons TRIPLE CROWN of POWER

HP CEO and president Meg Whitman has consolidated power at the top of the corporation by taking on the role of chairman as well. The manoeuvring comes days after HP confirmed that Ralph Whitworth is to step down due to health concerns, the exact nature of which were not revealed. Whitman joined HP's board at the start of 2011 …
Paul Kunert, 18 Jul 2014
Halo: Combat Evolved Anniversary Edition

Microsoft's Xbox TV studio OBLITERATED

Microsoft's Xbox chief Phil Spencer has confirmed his firm will shutter its ambitious Xbox TV studio, Xbox Entertainment Studios, after only two years. Among the casualties is a remake of the BBC's cardboard-prop classic, Blake's 7. However, two scripted live-action productions based on the Halo game, to be produced by Stephen …
Andrew Orlowski, 18 Jul 2014

Out of Luczo, Seagate? Revenues and profits are shrinking again

Seagate chairman and CEO Steve Luczo is watching his company's revenues and profits shrink for the second year in a row – Seagate’s immense disk business business is spinning more slowly these days. For its fourth fiscal quarter, ended 27 June, revenues were $3.3bn, 3.7 per cent down on last year’s Q4 and 3 per cent down on the …
Chris Mellor, 18 Jul 2014
self-service checkout

Facebook in new 'experiment' drama: Will users buy it?

Facebook is dipping a toe into the e-commerce market to test an Amazon-style "Buy now" button on the adverts it serves. The social network is initially rolling out the feature to a select number of small and medium-sized businesses in the US. The button will appear on the website and in its mobile app. It's not only about …
Kelly Fiveash, 18 Jul 2014

Unbridled BONKING and rampant ROGERING at YOUR office!

Something for the Weekend, Sir? Youtube Video Sex sex sex, that’s all we think about, apparently. I think I read somewhere that men think about sex every seven seconds. But then you shouldn’t believe everything you read because a person could hardly concentrate on (SEX) matters on a day-to-day basis if this was the case and you would turn into a (SEX) machine …
Alistair Dabbs, 18 Jul 2014
AMD FX-8150 Bulldozer

What's inside AMD's life-support machine? A big pile o' PlayStation 4s and XBox Ones

AMD execs are remaining optimistic despite emerging from a quarter in which the company made an eight-figure net loss and fell short of analyst estimates. In Q2 2014, ending June 29, the chipmaker bagged $1.44bn in revenue, up 24 per cent year on year. However, it recorded a GAAP net loss of $36m for the quarter, down from the $ …
Shaun Nichols, 18 Jul 2014

Google's revenues swell yet again, yet big earnings elude it

Google continued to mint money in the second quarter of its fiscal 2014, with revenues booming compared to the year-ago period, yet its earnings still managed to disappoint eager Wall Street analysts who were expecting even greater returns. This quarter, the online ad-slinger posted revenues of $16.0bn, which soundly beat the …
Neil McAllister, 18 Jul 2014
Fraud image

Days since IBM last reported revenue growth: About 810

IBM revenues have overall declined, year on year, for the ninth quarter in a row as the company struggles to adjust to a cruel world increasingly led by lower-cost competitors. The venerable tech company reported second quarter of 2014 financials on Thursday. Revenues for the period were $24.4bn, down two per cent on the $24. …
Jack Clark, 17 Jul 2014

Microsoft swings axe at 18,000 bods in its largest ever round of layoffs

Microsoft is preparing to lay off as many as 18,000 workers – the biggest loss of heads in the software giant’s history – and the Nokia unit is bearing the brunt. Microsoft CEO Satya Nadella said Thursday it would cut 14 percent of its 127,000-strong workforce over the next 12 months. It dropped the news before the markets …
Gavin Clarke, 17 Jul 2014

Germany may have won the World Cup... but it dropped the ball for Computacenter

The German nation lifted the World Cup last weekend but those working for Computacenter will not have cheered the local team's performance this morning – when calendar Q2 financials were released to the City. A nasty crash in product sales across CC Germany unpicked momentum in Blighty and progress made in the French arm, …
Paul Kunert, 17 Jul 2014

Fox wants Time to wrap up even more content

Rupert Murdoch, through 21st Century Fox, has launched a $US80 billion unsolicited takeover offer for Time Warner, to a chilly reception from its target. The deal was proposed by Murdoch's vehicle during June, but says that Time Warner “declined to pursue” the proposal. At the moment, Fox says, “We are not currently in any …
Kindle Unlimited screenshot

Gust catches Amazon's skirt, reveals glimpse of 'Netflix for books'

Amazon appears to be preparing an all-you-can-read literary buffet, giving readers unlimited access to ebooks and audiobooks for $9.99 a month. A webpage temporarily viewable on the Amazon US site dubbed the service Kindle Unlimited. A copy of it was cached by Google and shared on Hacker News. According to the disclosed web …
Shaun Nichols, 16 Jul 2014

Price cuts, new features coming for Office 365 small biz customers

Microsoft is still keen to shift its perpetual-license Office customers over to the Office 365 subscription model, and to that end it's planning a shakeup of its Office 365 plans for small and midsized businesses to offer customers more value and greater flexibility. Beginning on October 1, Redmond will launch three new Office …
Neil McAllister, 16 Jul 2014
iBooks example

Apple ebook price-fix settlement: Readers get $400m, lawyers $50m

Details have emerged of Apple's out-of-court settlement with 33 US states that had accused the company of hiking up ebook prices. US attorneys general revealed today that the iPad maker is on the hook to pay out $400m to readers. Lawyers will walk away with as much as $50m on top of that. The conditional settlement will only go …
Shaun Nichols, 16 Jul 2014
scissors cut cable

WiGag war: Tiny low-power chip promises mobes 4.6Gbps Wi-Fi

The quest to kill video and IO cables with super-fast wireless connections is an old one. Now chip companies are gearing up for another push using the 802.11ad standard – aka WiGig – to scrap wires and carry data over the air at multi-gigabit-a-second speeds. Today, one such biz, Nitero, reckons its new hardware will outperform …
Iain Thomson, 16 Jul 2014
fingers pointing at man

Microsoft: OK, Office 365 sellers – you can be customers' 'first contact'

WPC Microsoft has relinquished more control over the way third-party suppliers can manage Office 365 and Windows InTune punters, finally making the channel the "first point of contact" for customers. It is now three years since the online productivity suite hit the streets. It took two years until Microsoft would allow third-party …
Paul Kunert, 16 Jul 2014

Microsoft not good enough for you, eh? 'Next Steve Ballmer' drives to Google

His name was bandied about during the race to replace Steve Ballmer, but it looks like Microsoft missed out on former Ford Motor Company chief Alan Mulally. The man has just announced his intention to join Google's ranks. Mulally has joined the Google board fresh from a premature departure from his job running the world’s fifth- …
Gavin Clarke, 16 Jul 2014

Brit biz Phoenix IT Group confirms £16m of contract wins

A flurry of biz wins worth more than £16m were this morning confirmed by the new CEO at Phoenix IT Group - the man brought in to turn the loss-making British firm into a profit generating machine. Former EDS and Synstar exec Steve Vaughan, was hired in March to design a turnaround plan, which includes the, er, mind-blowing …
Paul Kunert, 16 Jul 2014

US freemium mobile network eyes up Europe

Freemium mobile network FreedomPop has set its sights on Europe. The LA-based company has signed a deal with BASE, a subsidiary of Dutch telco and MVNO-lover KPN. It will launch in Belgium and then plans to expand to the UK, Germany, France and Spain. In the US FreedomPop’s model starts with a base price of $0 for 200 minutes of …
Simon Rockman, 16 Jul 2014