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IMation_Q3fy2014

Scalable storage outfit Imation SLIDES BACK after recovery

Analysis Formidably troubled storage outfit Imation, the company dragged down by delayed exits from the tape and optical media markets, has recorded a third quarter loss 76 per cent worse than last year on revenues just nine per cent down on the year. The third 2014 quarter saw revenues of $175m, compared to $178.6m a quarter ago and $ …
Chris Mellor, 4 Nov 2014
Merlin Data Center Power Room

Hyperconverged upstart Stratoscale raises $32m

Data centre software startup Stratocale has raised a further $32m in funding as part of a bid to take on the storage and virtualisation markets. The Israeli company drummed up funding from Intel Capital, Cisco Investments and SanDisk, as well as its original investors Battery Ventures and Bessemer Venture Partners – which last …
Kat Hall, 4 Nov 2014

Secrets in Seattle: Apple opening base on Microsoft's doorstep

Apple is hatching plans to open a mysterious engineering facility in Seattle, the home of its sworn blood-rival Microsoft. The fruity firm has posted a number of job adverts looking for software engineers in the city. An Apple apparatchik confirmed the presence of the new office, but declined to say how many people worked there …
Jasper Hamill, 4 Nov 2014
Bitcoins

UK.gov mulls what to do about digital currencies

The government has opened a consultation examining the benefits and risks of digital currencies, which will include evidence on whether the virtual currencies ought to be regulated. An estimated 20,000 people in the UK currently hold cryptocurrency Bitcoin – and around £60m worth are circulating in the UK economy, said The …
Kat Hall, 4 Nov 2014

UK print peddler Annodata slips ring on Berkshire firm's finger

Hertsfordshire-based print services and comms house Annodata has wolfed down once-high-flying enterprise infrastructure supplier Keltec for an undisclosed sum. The pair went public on the marriage today that will see a bunch of vendor accreditations including the HP Gold, VMware Enterprise Solution Provider and Veeam Gold Pro …
Paul Kunert, 3 Nov 2014
Bitcoins

Coinbase launches in Europe - but who's its mystery bank partner?

Comment Brian Armstrong of Bitcoin wallet and exchange company Coinbase claims banks are not mustering to kill Bitcoin, despite multiple claims from various sources. He says that Coinbase, the largest exchange company of the lot, has 1.7 million accounts – and says he knows of just two instances where customers have had their bank …
Simon Rockman, 3 Nov 2014

Piketty-Poketty-Poo: Some people are JUST ITCHING to up tax to capital ...

Worstall @ the Weekend I'll cop to being a bear of little brain, for it can take me a long time to spot what should be obvious. And so it is with my taking so long to work out what's really going on with Capital in the Twenty-First Century author Thomas Piketty and all that wealth inequality stuff. I believe his book is essentially a political project …
Tim Worstall, 2 Nov 2014

Me GIVE you $14 SQUILLION gadziddly-DILLION

Something for the Weekend, Sir? Youtube Video I wish to notify you that my Late client Late. Engr. Alberto Gruber made you a beneficiary to his WILL. He left the sum of Seventeen Million Two Hundred Thousand Dollars (US$17,200.000.00) to you in the codicil and last testament to his WILL. After many years of relative calm in my spam box, a slow but steady …
management consumerisation

Fujitsu Services ordered to reveal size of pay scale for ALL TECHIES

An arbitration court has sided with the Unite union and ordered Fujitsu Services to go open kimono about employee's pay structure, in a bid to aid collective bargaining during the annual pay review. The Central Arbitration Committee (CAC) — an independent dispute resolution body with statuary powers — received a complaint from …
Paul Kunert, 31 Oct 2014
Instagram logo

Facebook sticks vid ads on faux retro photo app biz Instagram

Photo filter and poster biz Instagram has started serving up those pic and video ads it has been promising for a while now, with marketing from folks like Disney and the CW starting today. Youtube Video The Facebook subsidiary said last year that it had “big ideas for the future” and they involved making money out of its user …
france

How many telecoms firms left in Europe? Another mega-billion deal slated in France

French cable telecoms operator Numericable has won conditional approval for its multi-billion-euro takeover of Vivendi's SFR mobile network operator, paving the way for the firm to close the deal by the end of the year. Reuters reported that France's competition authority said Numericable would have to divest certain assets and …
OUT-LAW.COM, 31 Oct 2014
top of the bt tower

BT: Consumers and cost cutting save the day

Cost cutting and 88,000 new broadband punters helped BT bank more profits in calendar Q3, although revenues went in the opposite direction as all divisions outside of the consumer wing reported declining fortunes. The former comms state monopoly turned over £4.38bn of sales in the quarter ended September, down two per cent year- …
Paul Kunert, 30 Oct 2014

NHS quango fatcats spend £2m tax dosh on iPads and iPhones

Government health chiefs have admitted to spending millions of pounds furnishing bureaucrats with Apple iPhones and fondleslabs. Taxpayers forked out more than £2m to buy iThings for the staff of NHS non-departmental public bodies, which are arms-length government organisations more commonly known as quangos. Dr Daniel Poulter …
Jasper Hamill, 30 Oct 2014
Cat on computer

Apple dealer CANCOM: We're RAKING IT IN

Apple dealer CANCOM has announced whopping third-quarter results, way in excess of the same period last year, citing that old favourite "solid business demand". The German firm has reported raking in €208.4m worth of sales revenue in the last quarter, compared with €142.3m during the same period in 2013. This all works out to …
Team Register, 30 Oct 2014

Sales down at UK's oldest tech distie: Northamber losses widen in fiscal '14

The prognosis for Northamber’s future is brighter, according to its colourful chairman, despite widening losses and revenues remaining in free fall for fiscal ’14 ended June. The AIM-listed tech distie - the oldest in Blighty - reported prelim sales of £62.8m, down a whopping 19 per cent year-on-year, and a loss from operations …
Paul Kunert, 30 Oct 2014
Samsung Galaxy Note Android tablet and phone

Samsung's flagging phone fortunes hit profits hard

Samsung has promised to shake up its smartphone line-up to try to win back some of the ground it has lost in the sector, after it revealed that its third-quarter operating profit was the lowest in more than three years. Sammy’s operating profit was 4.1 trillion won ($3.9bn), while net profit was 4.2 trillion won. In the same …
box_shifting_channel

All change at the top of HP's enterprise biz

A change at the top of HP’s enterprise distie team across both European and UK ops may well help solve the disconnect that occurred when a regionally drafted strategy was executed locally. At least that's the hope of some distributors, who want to see the strategic priorities of the business unit heads at country level match …
Paul Kunert, 30 Oct 2014
Mars

Has NetApp solved the TLC for biz puzzle? We look at its MYSTERY SSD Mars sauce

Analysis NetApp is pinning FlashRay's future on TLC flash, which everyone else says is not fit for enterprise use. We talked to NetApp to find out how and why it's apparently got hold of secret TLC sauce that no one else has. Let's reiterate that TLC NAND is a crap enterprise storage technology. It stores 3 bits per cell instead of MLC's …
Chris Mellor, 29 Oct 2014

Whoa, back up a little CommVault: ANOTHER weak quarter?

CommVault has reported a depressing set of results as sales headcount and mid-market product and pricing strategy faux pas cause a stumble – another stumble, in fact, as first quarter results were poor too. Second quarter revenues of $151.5m were up seven per cent year-on-year but down one per cent on the prior quarter, with …
Chris Mellor, 29 Oct 2014

Samsung wants a bite of flash cache, will eat Proximal Data – sources

Samsung is buying Proximal Data, a flash caching software company, people close to the situation told The Register, although no formal announcement has been made. Proximal was founded in 2011 by CEO Rory Bolt, who was involved with Avamar and heavily involved in selling it to EMC for $165m. The company provides AutoCache, which …
Chris Mellor, 29 Oct 2014

IT JOB OUTSOURCING: Will it ever END?

Worstall on Wednesday HL Mencken once told us that in a democracy the electorate should get what they voted for – and good and hard too. So, on that basis, I present to you a piece on outsourcing, as requested by one Gordon 10. The commenter in question wrote: What would be really nice is [an article] on the race to the bottom on labour outsourcing …
Tim Worstall, 29 Oct 2014
Facebook WhatsApp

Facebook shares flutter as firm reports user growth slowing

Facebook's shares dropped 10 percent on the news that it is planning to spend more on roughly the same number of users next year. However, after hours trading pulled the social media monster's price back up to around $80 per share following the third-quarter results announcements. CFO Dave Wehner said the company was planning …
Kieren McCarthy, 28 Oct 2014

EMC wolfs down cloudy upstart Maginatics, swallows 'protection' too

EMC is buying cloud storage gateway software biz Maginatics, as predicted, but also plans to buy startup Spanning, which makes cloud-to-cloud data protection technology. Maginatics is heading for EMC's Core Technology Division and the background about its products and capabilities can be read here. Spanning is based in Austin, …
Chris Mellor, 28 Oct 2014

Yelp continues Euro gobble campaign with French Cityvox

Just days after acquiring a German review site, Yelp announced on Tuesday that it has taken over Cityvox in France. It’s a clear sign that the company means business in Europe. Financial details of the deal to buy Cityvox, a subsidiary of Orange, were not released. The website publishes restaurant reviews from across all of …
Jennifer Baker, 28 Oct 2014

Hey, YouTube lovers! How about you pay us, we start paying for STUFF? - Google

YouTube CEO Susan Wojcicki has confirmed that the Google vid service is open to introducing subscriptions. This is not exactly news – one of the most controversial sagas to rage this year concerns complaints from independent music companies over YouTube’s yet-to-be launched subscription music service. Indies requested emergency …
Andrew Orlowski, 28 Oct 2014
Stock ticker board

Acer puts fundraising plan on ice as stocks struck by chilly winds

Acer could well postpone cash-raising activities on the Taiwanese Stock Exchange due to some volatility in its share price, according to founder Stan Shih. The plan was to issue shares with a target price of NT$20 per unit but the PC maker’s valuation dipped NT$0.35 on the Exchange yesterday to NT$19.80, so investors are …
Paul Kunert, 28 Oct 2014
Frodo and the One Ring

HP crowns one veep to rule ALL server, storage, network sales

A rejig within HP’s Enterprise Group aimed at making the tech tanker more agile – and no doubt cutting some costs to boot – will see all sales teams consolidated under a single UK and Ireland overlord. From the start of next month, HP’s fiscal new year, all specialist and pre-sales teams, along with account managers, will fall …
Paul Kunert, 28 Oct 2014
NetSuite CEO Zach Nelson

Sorry about that profit, says NetSuite, our costs should be higher

NetSuite CEO Zach Nelson has attributed last week's estimates-busting results are partly due to enthusiasm for cloudy software, but also partly due to difficulties finding people to hire. The company hauled in US$143.7 million for the quarter, a small matter of 34 per cent more than the corresponding quarter in 2013. But the …
Simon Sharwood, 28 Oct 2014
TwitterIPO

Feathers fly as Twitter squawks of record sales but slow user growth

Twitter outperformed analysts' revenue estimates again this quarter, but investors, dismayed by another quarter of deep losses and slowing user growth, battered the company's stock anyway following its third-quarter 2014 earnings report. The microblogging service posted a record $361.27m in revenue for the three months ending on …
Neil McAllister, 27 Oct 2014
Whitewater

NetApp buys SteelStore from Riverbed

NetApp has extricated Riverbed from some nasty Whitewater rapids that threatened to drag it under and pummel it on the rocks below. The big blue staple rode to the rescue by buying its SteelStore product line for U$80 million in cash. SteelStore is Riverbed's re-branded Whitewater cloud storage backup appliance technology. It …
Chris Mellor, 27 Oct 2014

Ingram's CEO Monie: Show me the... Mobility, Mobility, Mobility

Acquisitions helped swing the sales dial north for Ingram Micro during calendar Q3 but the cost of the latest company-wide transformative activities took a chunk out of profits, the world’s largest tech distie has confirmed. Revenues grew 11 per cent to $11.23bn for the period ended September, oiled in no small way by portable …
Paul Kunert, 27 Oct 2014
hands waving dollar bills in the air

Cashing it in: Personal finance apps – the best and the rest

Review Greater individual control over personal finance is booming, with the British Bankers Association (BBA) reporting 5.7 million transactions a day are now made from smartphones. This is transformational stuff, but it’s not all about current account apps. Personal finance guru Jennifer Newton follows the money and finds the best …
Jennifer Newton, 26 Oct 2014
Regina Egbert, El Reg's virtual news anchor

Catch up on the top tech stories this week with Regina Eggbert

Vid Youtube Video Tune in for a quick rundown of the highlights of this week's news with El Reg's ovoid avatar Regina Eggbert. The headlines include: Blighty's hackers best beware, iCloud suffers increased spying risks and a "magical" company just scored half a billion dollars without a product... Didn't learn enough? Check out …

This Changes Everything? OH Naomi Klein, NO

Worstall @ the Weekend Given that I'm from the rational, classical end of liberalism, I'm obviously not going to be greatly taken by the spoutings of someone like Naomi Klein. But if an ideological difference were all it was, then I'd have left her new book, This Changes Everything alone after I'd read it. Sadly, it's not actually as simple as that, …
Tim Worstall, 25 Oct 2014

Microsoft discovers long-lost phone division down back of sofa

Nokia phones generated $2.6bn in revenue for Microsoft as the division arrested its decline. Redmond sold 9.3m Lumia devices in the quarter, the most ever. In the quarter a year ago, Nokia (then the owner) shifted 8.8m Lumias. In June only 5.8m Lumias moved. The company had failed to refresh its product line as it, and other …
Andrew Orlowski, 24 Oct 2014
Job cuts jpeg

'Careful management of headcount' for Juniper after tepid quarter

Juniper Networks has reported a difficult third quarter that left CEO Shaygan Kheradpir “disappointed” by “lower-than-anticipated demand from service providers, particularly in the U.S.” Revenue was $1,126 million, down eight per cent from 2014's second quarter and five per cent compared to the same Q3 in 2013. Non-GAAP net …
Simon Sharwood, 24 Oct 2014
Amazon founder and CEO Jeff Bezos

Jeff Bezos rolls up another $437m, lights Amazon's cigar with it

It's not black magic that Amazon works on its financial results each quarter but red magic – because however massive a haul of cash the company pulls in, it just can't seem to turn a profit. Odd, that. The e-tailer's net sales were up 20 per cent for the third quarter of its fiscal 2014, year-over-year, bringing in a whopping $ …
Neil McAllister, 24 Oct 2014
Satya Nadella

Microsoft: Cloud-o-bile still only small slice of softening revenue pie

Microsoft reported revenues that beat estimates for Q1 of fiscal 2015, boosted by strong growth in cloud and mobility. But its solid-looking numbers belied ongoing softness in its traditional core markets. Total revenues for the three months ending on September 30 were $23.20bn, a 25 per cent year-on-year increase but flat from …
Neil McAllister, 23 Oct 2014
Alun Taylor dons Google tech specs Google Glass

Google Glassholes are UNDATEABLE – HP exec

Hoping to woo the ladies with your shiny new Google Glass? Don't bother, because no woman in her right mind would let a Glasshole anywhere near her data centre, an HP bigwig has claimed. Ray Edwards, managing director for HP’s New Ventures division at Network Portfolio and Architecture, reportedly slammed the sex appeal of …
Jasper Hamill, 23 Oct 2014

Nokia STORMS back into profit, FREE from phones and Windows

Nokia reported solid results on Thursday even after giving long-suffering shareholders a dividend and taking the hit of a one-time charge. Profits (non-International Financial Reporting Standards*) rose to €353m on earnings of €3.3bn, up from €2.9bn a year ago. With the Windows Phone albatross thrown to a reluctant new owner, …
Andrew Orlowski, 23 Oct 2014
Tim Cook Apple CEO with glowing green eyes, dark glasses a la Demon Headmaster

Chinese hackers slurp iCloud passwords, Apple's CEO jumps into his jet for China

Apple boss Tim Cook has met top Chinese officials following a major attack on the security of the iCloud website – an assault that some security analysts have blamed on Beijing. Cook was snapped in full demon headmaster mode heading into a pow-wow with Vice Premier Ma Kai. According to the Xinhua news agency, the issues of " …
Jasper Hamill, 22 Oct 2014
EMC_REvs_To_Q3fy2014

EMC profits flatline as VCE joins the storage-tastic federation

For its third quarter EMC reported good numbers but the news is overshadowed by the expected VCE announcement and the activist investor pressure on the Hopkinton firm. EMC recorded a satisfyingly chunky nine per cent uptick in consolidated quarterly revenues for its third 2014 quarter – a round $6bn compared to $5.5bn a year ago …
Chris Mellor, 22 Oct 2014