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HP CEO Meg Whitman

Whitman deletes another chapter in HP history as CSC and ES borg

Hewlett Packard Enterprise CEO Meg Whitman is dismantling another legacy bequeathed to her by a predecessor as she waves goodbye to Enterprise Services. The first lady of Palo Alto has already closed the chapter opened by one-time CEO Carly Fiorina who had signed off the buy of Compaq, only for HP's PC business to be ejected …
Paul Kunert, 26 May 2016
George_Kurian

NetApp posts $8m loss as its pivot continues. Feeling comfy, George?

In its fourth fiscal 2016 quarter NetApp revenues were $1.38bn instead of the $1.425bn predicted at the mid-point of its last forecast, and the company made an $8m loss – the second in George Kurian’s tenure as CEO. The revenues were down 10.4 per cent on a year ago and 0.4 per cent from the previous quarter. A year ago NetApp …
Chris Mellor, 26 May 2016

It's been a breach-tastic year. And Sophos sales were good, apparently

Operating losses at security software firm Sophos have grown in its first year as a listed company – despite increased sales and an encouraging outlook overall. For the year-ending 31 March 2016, Sophos recorded an operating loss of $32.7 million on revenues of $478.2m. This compares to a loss of $0.5m on revenues of $446.7m …
John Leyden, 26 May 2016
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Hungry UK services slinger swallows hosting biz for £65m – sources

UK managed services slinger Pulsant has agreed to fork out £65m for data centre and hosting biz Onyx, multiple sources close to the situation have claimed. A "for sale" sign was erected outside Onyx’s Stockton-on-Tees HQ in January and the process was managed by Deloitte, as we exclusively revealed. “The deal is done,” said …
Paul Kunert, 26 May 2016
HP's Multi Jet Fusion 3D printer

HP Inc-eption: Our new 3D printers print themselves, says CEO

Just like Leonardo DiCaprio and his photogenic pals crafted dream worlds out of dream worlds in the hit flick Inception, we're told HP Ink prints its 3D printers using its 3D printers. Take one of HP Ink's new and expensive 3D printers, and you can print out half of the components needed to build another one, CEO Dion Weisler …
Chris Williams, 26 May 2016

Lost your shirt in the MtGox Bitcoin mess? Release the Kraken!

The operators of the Kraken alt-coin exchange will distribute $91m in Bitcoins to people left out of pocket by the 2014 MtGox collapse. Kraken, appointed to oversee what remains of the MtGox estate, says it has reviewed thousands of claims by MtGox's customers, who want their BTC back. Kraken will now hand out millions of …
Shaun Nichols, 25 May 2016
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Hardware sizzles for HPE – and brings home the bacon

Software and IT services might make the world go round – at least in the heads of Wall Street moneymen – but it was hardware that once again brought home the bacon for Hewlett Packard Enterprise. For the three months ended 30 April (second quarter fiscal year 2016 – summary, tables [PDFs]), HPE's turnover edged up one per cent …
Paul Kunert, 25 May 2016
Burning money, photo via Shutterstock

Microsoft's Windows Phone folly costs it another billion dollars

The cost of Microsoft’s white elephant entry into smartphone manufacturing has gone up by another $1bn. Microsoft is restructuring its smartphone hardware business in a move that will cost 1,850 jobs and $950m. Severance pay will claim $200m of that figure, with 1,350 staff losing their jobs at Microsoft Mobile Oy in Finland …
Gavin Clarke, 25 May 2016
Man exasperated after being on hold for a long period of time. Photo by Shutterstock

Geniuses at HMRC sack too many staff! Nope, can't do it online. FAIL

HMRC was too hasty to cut staff before expected cost savings from a shift to digital materialised – something that should act as a cautionary tale for its current "digitisation" plans, the National Audit Office has warned. Between 2010/11 and 2014/15, HMRC cut staff in its personal tax department from 26,000 to 15,000. But …
Kat Hall, 25 May 2016
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'Grey tech' broker DP Data Systems has gone titsup

DP Data Systems has given up the ghost just months after committing to quit the grey market in favour of “authorised” tech. The company’s website stated, “Sorry we have now ceased trading”. Suppliers and customers were then directed to email addresses of the firm's accounts and credit control departments respectively. Back in …
Paul Kunert, 25 May 2016
Google UK office logos

French authorities raid Google's Paris HQ over tax allegations

Google's office in central Paris was raided this morning by police, directed by French financial officials, over alleged underpayment of taxes. More than 100 investigators and five magistrates were involved in the raid, which happened shortly after 5am on Tuesday morning, Reuters reported. This has been confirmed to The …
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UK distributor Steljes goes titsup

Specialist audio visual distributor Steljes Ltd has called in the administrators after liquidity dried up in what was its 29th year of commercial life. The company had “suffered from severe cash flow difficulties over the past year”, a rep at insolvency practitioner AlixPartners, which is managing the end of life process, told …
Paul Kunert, 24 May 2016
Surface Book

Booming sales of flippy detachables offers hope to glum PC market

Booming sales of computers and tablets with detachable and rotating keyboards brought some cheer to the ailing PC market in the first quarter of 2016, according to research. Sales of detachables and convertibles rose 40 per cent to 3.6 million units in the first quarter of the year, offering a boon to the shrinking computer …
Kat Hall, 24 May 2016

Cock fight? Not half. Microsoft beats down Apple in Q1

Microsoft won bragging rights over Apple in Britain’s biz slab sales stakes following the first full quarter the two rivals went head to head with their Pro devices. The iPad Pro, released in last October, sold 107,000 units in the UK in Q1 versus 275,000 Surface Pro devices, which was up on the 83,000 units Microsoft flogged …
Paul Kunert, 23 May 2016
European Union Flag

EMC, Cisco and pals nail colours to the EU Remain mast

American storage seller EMC is the latest tech tanker to tell the good burghers of Britain it wants the country to remain in the EU, and it even did so without mentioning Hitler or ISIS. Outgoing CEO Big Joe Tucci and execs at other big businesses including Cisco, Ford of Europe, Airbus, Mars, IBM UK and Microsoft UK signed a …
Paul Kunert, 20 May 2016
Swiss Cow

Networking not cutting it: Brocade needs wireless to pull revs up

Brocade reported second quarter revenue of $523m, down 4 per cent year-over-year from $547m, and a 9 per cent quarter-over-quarter decline from $574m, as general storage networking sales weakness impacted its results. Segment-wise: SAN product revenue of $297mn was down 5 per cent year-over-year Fibre Channel directors …
Chris Mellor, 20 May 2016
Piggy bank, image via Shutterstock

Salesforce claims 'record' quarter record at Oracle and SAP's expense

Salesforce has claimed its “best ever” year opening - at the expense of Oracle and SAP - while committing a growing portion of its cloud to AWS. The SaaS provider bounced back into the black for the first three months of 2016, its fiscal 2017, reporting net income of $38m. Revenue was up 26.8 per cent to $1.91bn, leaving …
Gavin Clarke, 19 May 2016

When are flat revenues not so bad? When your name is Cisco

Cisco says that it is optimistic on its financial outlook despite a "challenging environment" that saw the networking giant's quarterly revenues drop slightly. "We delivered a strong Q3, executing well despite the challenging environment," said CEO Chuck Robbins. "I'm pleased with our performance today as well as the progress …
Shaun Nichols, 18 May 2016
arlington_cemetery_648

The PC is dead. Gartner wishes you luck, vendors

The PC market is doomed. We know this. You know this. Gartner knows this, but it reckons vendors can bleed out a few more pennies if they start selling high-end rigs for gamers. "PCs are no longer the first or only devices users are choosing for internet access," said Meike Escherich, principal research analyst at Gartner. …
Aligator eating a crab

US giant Ingram Micro snaps up little Brit Comms-care

Tech distributor Ingram Micro has snapped up UK channel services minnow Comms-care for an undisclosed sum. Comms-care sells maintenance services to resellers that can't provide services themselves. It has has 225 staff and 850 channel partners. For the full year ended 2015, Comms-care posted a revenue increase of 33 per cent …
Kat Hall, 18 May 2016

ARM buys IoT's camera crew, Eyes of Things biz Apical

Chip-designer ARM has snapped up London-based imaging and embedded computer biz Apical for £242m, in a bid to further branch out from the slowing smartphone market. Apical's imaging products are used in more than 1.5 billion smartphones and approximately 300 million other consumer/industrial devices including IP cameras, …
Kat Hall, 18 May 2016
£10 notes. Pic: Howard Lake

Mega UK distributor DCC Tech: 2016 was our annus horribilis

The once seemingly unstoppable distribution juggernaut DCC Technology hit some unmovable barriers in fiscal ’16 caused by slumping tab and smartphone sales and the loss of a retail gig. The parent of UK trading arm Exertis admitted today it had endured a "very difficult year". The LSE listed firm still managed to bump up …
Paul Kunert, 17 May 2016
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Vodafone posts uptick in Europe but UK still a challenge

Communications provider Vodafone posed a 3.5 per cent fall in UK sales to £6.2bn for the full-year 2016, while fourth quarter revenue in Europe grew for the first time in five years. Group revenue for the biz decreased three per cent to £41bn for the full-year 2016, while earnings before interest, taxes, depreciation and …
Kat Hall, 17 May 2016
Titanic sinking

Symantec: I know we said things'd get better when we sold Veritas...

Symantec is slipping back into cost-cutting mode just months after the split with storage arm Veritas was supposed to provide the healing balm the business so clearly needed. The standalone security biz wants to carve out savings of $400m via an “efficiency programme” that includes “eliminating stranded costs” from the sale of …
Paul Kunert, 13 May 2016
4 arrows signs in arrow on wooden wall

Acer made less than £1m profits in Q1 as forex rates bit hard

Ailing Acer – one of the PC makers considered at risk of vendor consolidation – has made an inauspicious start to calendar year 2016 as sales and profits tumbled. The Taiwanese business today reported revenues of NT$56.32bn (£1.19bn) for the three months ended 31 March, down 17.1 per cent on the prior year’s stats. It didn’t …
Paul Kunert, 12 May 2016

TalkTalk customers decide to StayStay after £3m in free upgrades

TalkTalk's profits plunged by 56 per cent during 2016 to a mere £14m, but chief exec Dido Harding claimed the company "bounced back strongly in the final quarter". That quarter was certainly unusual. The firm recorded its lowest ever churn in Q4 despite experiencing a massive data breach just seven months ago. The fall in …
Kat Hall, 12 May 2016
Northern Ireland nature scene. Photo by Shutterstock.com

Ireland handed another $100m by Silicon Valley for startups' handout

The mad money bags at Silicon Valley Bank (SVB) have announced they will be throwing an additional $100m at Ireland's Strategic Investment Fund, doubling the bank's involvement in the nation's tech sector. SVB pledged its first $100m, to be paid over a five year period, back in 2012. While not notably different from most …
Stanley Kubrick's The Shining

Imation's losses deepen 500%. CEO says things are 'successful'

+Comment About turn! You never lack for excitement with Imation, which has turned the previous quarter’s $94m in revenues and near $10m in losses into this quarter’s $10.7m revenues and $91.1m losses. Oy vey, where did the money go? Let’s try and sort this amazing black hole of red ink – excuse the tortured metaphors – into some kind …
Chris Mellor, 11 May 2016
Scrambled Eggs from shutterstock

That went well – NOT - Nokia's first post-Alcatel numbers dip

When Nokia Networks and Alcatel-Lucent officially became one company, on January 14th this year, board chair Risto Siilasmaa declared “Our earnings, market cap and growth opportunities have multiplied.” Today, the combined companies reported results for the first time, with €5.6 billion to show off but the confession that a …
Simon Sharwood, 11 May 2016
Bank vault

Transfer techies at SWIFT tell Bangladesh Bank: Don't shift blame for $81m cyberheist

SWIFT has firmly rejected Bangladeshi claims that mistakes on its part are to blame after $81m was looted from Bangladesh’s central bank. Bangladeshi officials claimed earlier this week that technicians from SWIFT had introduced vulnerabilities into the bank's network when connecting a Real-Time Gross Settlement (RTGS) system …
John Leyden, 10 May 2016
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Firms that make 'questionable use' of your data will pay... with their reputations

There is a reputational risk to firms if they make "questionable use" of consumer data, the European Banking Authority (EBA) has warned. The regulator highlighted the risk in a new discussion paper on the innovative uses of consumer data by financial institutions (29-page/292KB PDF). "Financial institutions might use data in …
OUT-LAW.COM, 10 May 2016
Rani Borkar

Chipzilla veteran joins IBM's OpenPOWER

IBM has tapped former Intel product development veteran Rani Borkar as veep for development of its OpenPOWER project. Borkar left Chipzilla at the end of last year, after 27 years with the company. At Intel, she specialised in chips for PCs and data centres – for example, speaking for Intel when it first started pitching its …
O2 XDA Argon

French maverick sniffs around O2

European Commissioner Margrethe Vestager is expected to block Three UK owner CK Hutchison’s takeover of O2 this week, leaving BT as the dominant player in the UK’s mobile market. BT, lest you forgot, is also the monopoly wholesaler of broadband, and the single largest retail provider of broadband too, with a 31 per cent share …
image from shutterstock_148618127

IT glitch causes 'nationwide' Post Office outage

An IT glitch at the Post Office has caused a "nationwide problem" leaving thousands of customers unable to pay bills, post packages or collect benefits this morning. The Post Office apologised on Twitter for the inconvenience caused by issues with counter services at some branches this morning, saying they had now been …
Kat Hall, 9 May 2016

Ireland's tax arrangements are as clear as a pint of Guinness

Comment Ireland has repeatedly been in the spotlight for its favourable and controversial tax incentives - which have attracted numerous large tech companies to its shores. However, the country has also been accused of being less than transparent in some of its tax arrangements. The European Commission is currently investigating the …
Kat Hall, 9 May 2016
Woman pays for something online with her credit card. Photo by Shutterstock

Experian Audience Engine knows almost as much about you as Google

We have grown so used to credit reference giants like Experian knowing almost as much about us as Google, but unlike Google, they put this information up for sale. This is perhaps why we have forgotten that Experian could form the basis of one of the most powerful personal intelligence systems in the world. And that it is a …
Faultline, 9 May 2016
Ireland and Great Britain map, image via Shutterstock

Sayonara, Brits! The Irish tech sector could benefit from Brexit

There appears to be a broad consensus that a Brexit would be bad for Ireland: that Ireland’s economy would be seriously affected if the UK decides to leave the EU on June 23. A report by Irish business lobby group Ibec has warned of “the far-reaching impact on Ireland if our nearest neighbour, key trading partner and close …
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Q. What's orange and white, has a new CEO but is red all over? A. Teradata

+Comment Data warehouse and biz intelligence wrangler Teradata made a loss in its first quarter of 2016. It also recruited a new CEO to get the company motoring again. The new broom is 67 years old, and you don't need big-data analytics to see he won't be around for long. Teradata's revenues for the three months to March 31 were $545m …
Chris Mellor, 5 May 2016
Big cloud, image via Shutterstock

Alibaba says its AWS-a-like division embiggened by 138%

Alibaba’s cloud computing division Alicloud reported bumper growth of 138 per cent to $468m (£322m) for its full financial year 2016, as more paying customers flocked to the Middle Kingdom's AWS equivalent. As of March 31, 2016, AliCloud had more than 2.3 million customers, including more than 500,000 paying customers. The …
Kat Hall, 5 May 2016
top of the bt tower

BT to splash £550m integrating EE. Firm shrugs: Cheap!

BT's £12.5bn gobble of EE will cost the business £550m in integration costs - according to the company's full-year financial results which were given a significant boost thanks to the acquisition. For its full-year results for 2016, revenue increased six per cent to £18.9bn, with profits up 15 per cent to £3bn. Revenue for the …
Kat Hall, 5 May 2016
Ashlee Vance, Elon Musk: How the Billionaire CEO of SpaceX and Tesla is shaping our Future

Tesla production executives depart as 'leccy car maker reports narrowing loss

Tesla might have pleased Wall Street with its latest financial results, but the company has also lost a couple of high-profile production executives in the last 24 hours. With around 400,000 reservations booked for the Model 3, the 'leccy car maker needs all the build nous it can find, but Bloomberg reports the departures of …
Pennies in a jar. Photo via Shutterstock

Long term sick-note abuser Misco not losing nearly as much money

A pinkish hue has yet to return to the cheeks of sickly European reseller Misco but its latest financials indicate the patient is finally out of intensive care - the same cannot be said of its parent. Most of Misco’s vital statistics improved in calendar Q1, all but sales which slipped 5.3 per cent to $258.2m - or were down a …
Paul Kunert, 4 May 2016