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Dot Hill Assured_SAN_Ultra48

Storage array supplier Dot Hill: Revenues are down, but so are losses

Storage array supplier to OEMs has less to be dismal about with declining revenues but much less of a loss in its second quarter. The business isn't growing, but at least it is not shrinking. Revenues for the second calendar 2014 quarter were $48.2m, the same as the previous quarter but 8.4 per cent down on the year-ago quarter …
Chris Mellor, 12 Aug 2014
Racks inside Rackspace's Sydney Data Centre

Rackspace: Record revenue shows managed cloud strategy 'working'

Despite record revenue growth in the second quarter and good expectations for this quarter, profit at Rackspace Inc was flat, disappointing shareholders. The former hosting firm said it had added thousands of new customers as it tries to transition itself into a cloud company in the midst of serious price competition from the …
SOURCE:  http://www.sxc.hu/browse.phtml?f=view&id=1412135

Leaky channel tanker Phoenix IT Group: It's steady as she goes

Investors received no nasty surprises in a trading update from leaky channel tanker Phoenix IT Group as the turnaround plan plotted by the latest exec at the helm remains on course. The infrastructure and managed services outfit said in an interim management statement covering 1 April until 11 August that trade is “broadly in …
Paul Kunert, 12 Aug 2014

Oh, Emulex: Another quarter, yet more red-splattered results

Emulex results were dismal, never mind what president and CEO Jeff Benck said about achieving "the high end of our revenue guidance." Revenues were down and losses deeper for its fourth fiscal 2014 quarter - ended June 29 - and for the full year. Q4 of financial year 2014's revenues were $99.8m; they were $109.7m last quarter …
Chris Mellor, 11 Aug 2014

Facebook slurps PrivateCore - 'cos your selfies need locking up

Facebook has just bought out the security firm PrivateCore in a bid to keep your selfies that little bit safer. Although the exact terms of the deal have not been publicly announced, Facebook has promised to incorporate the smaller firm's tech into its own stacks. Joe Sullivan, Facebook’s chief security officer, said: "I’ve …
Jasper Hamill, 8 Aug 2014
USB Stress Panic Button

US titan CSC: Our numbers are going nowhere this year

US titan CSC – you remember, the firm that botched the £10.1bn National Programme for IT – is bleeding out slowly, with revenues dwindling and income growth stalling. The bad news for investors and staff respectively is that things are not forecast to get better any time during this fiscal year, and the company is again …
Jasper Hamill, 8 Aug 2014

Serco welcomes former CSC boss to run gov unit

Gardening leave is almost over for former CSC UK bigwig Liz Benison, who is set to rock up at Serco to run its Brit and European local and regional government division from the start of next month. As revealed by The Channel back in April, Benison was replaced at the CSC helm by ex-Cognizant veep Dr Sanjiv Gossain, at the same …
Paul Kunert, 8 Aug 2014
Photo of a stack of $100 bills

Smartcard firm Gemalto slurps SafeNet in $890m securo-boost deal

Security company Gemalto is buying data protection firm SafeNet. The deal, announced Friday, is valued at $890m and is being financed through cash and existing long-term credit facilities. Once completed the acquisition will add data protection technologies to Gemalto's core authentication products and services (e.g. smartcards …
John Leyden, 8 Aug 2014
Farmville on the iPhone

Farmville maker Zynga delays new games after losing 57 MILLION users

Zynga has slashed its financial forecast for this year and delayed the launch of several new titles after reporting weaker-than-expected second quarter results. The company, best known for its FarmVille game on Facebook, has lost 57 million monthly active users since the same quarter last year, dropping to 130 million from 187 …
Dixons Carphone Warehouse

Newly spawned Dixons Carphone leaps onto LSE as £12bn sales org

The shotgun wedding between hard-pressed consumer biz Dixons Retail and Carphone Warehouse was consummated today as the £12bn turnover borg started trading on the London Stock Exchange. The merger between Dixons Retail, owner of Currys and PC World, and Carphone Warehouse was first announced back in May. Dixons Carphone - …
Jasper Hamill, 7 Aug 2014

US giant Avnet plots cost slash fest in EMEA enterprise tech arm

The EMEA wing of enterprise distie Avnet Technology Solutions is again in cost-cutting mode after a double-digit sales dive blighted a growth spurt across the pond as local PC system builders missed out on the XP refresh. Revenues for Q4 of fiscal’14 ended 28 June were $2.73bn, up 0.3 per cent on an organic basis, or 4.2 per …
Paul Kunert, 7 Aug 2014
Spam

This is your chance to help Blighty beat off moneymen's spambots

It used to be said that age knows no class. Perhaps the same can now be said of spam advertising. Some annoying message or other must have reached the gilded timeline of someone at the Financial Conduct Authority, because it has launched a bid to clamp down on the uniquely irritating social media promotions industry – at least …
Jasper Hamill, 7 Aug 2014

UK.gov eyes up virtual currencies, fingers red tape dispenser

The UK government is to review the trade in virtual currencies to investigate whether it should regulated. Chancellor George Osborne said the review would look into the potential of "alternative payment systems" to boost UK growth and would include an assessment of the need to regulate the use of virtual currencies in …
OUT-LAW.COM, 7 Aug 2014
Nutanix cloud appliance

Compute+storage upstart Nutanix reveals $200m-plus run rate

Nutanix, the converged compute+storage box-shifter is shifting more boxes and says it has reached a $200m annual revenue run rate 11 quarters after starting shipments. Its VCP (Virtual Computing Platform) has been bought by 800 customers in 43 counties – the country total was 30 in January. The firm adds that more than 16 …
Chris Mellor, 6 Aug 2014
samsung workers

Samsung sticks with CHILD labor shame fab: Zero-tolerance means 30% less trade

Samsung will do 30 per cent less business with a Chinese parts maker reportedly caught with underage workers at its factory – despite the supplier’s promises to comply with labour laws in future. The South Korean chaebol suspended business with Dongguan Shinyang Electronics, a subsidiary of Shinyang Engineering, when US charity …
management regulation2

LinkedIn settles missed overtime pay case: Will pay $6m to staffers

LinkedIn has agreed to pay around $6m in unpaid overtime wages and damages to 359 of its employees in four states after a US Department of Labor investigation. The government agency found that the business networking firm had failed to record and account for all the hours their staff worked in a week, leaving some staff out of …

Oracle cold bath shrinks Larry Ellison's pay package

Oracle's Larry Ellison, one of the world’s richest men and best-paid CEOs in the US, is getting his pay cut by more than half. The database giant's chief executive has been awarded just 3 million stock options by its compensation committee in its annual review process. That’s down from 7 million the year before and every year …
Gavin Clarke, 5 Aug 2014
BlackBerry Passport

BlackBerry boss John Chen: We're FINISHED (with the job cuts)

BlackBerry has finished its long and painful restructuring process – and is even considering adding new employees. That's according to a leaked staff memo apparently sent by BlackBerry chief exec John Chen. In the file, he wrote that the process of laying off workers, which started three years ago, has now come to an end: "We …
Bus jam

EE rolls out London bus pay-by-bonk app – only fandoids need apply

Riding a London bus is about as pleasurable as trying to saddle a twitchy rhino that has decided to charge at the slightest perceived threat. But the business of bus-based travelling through an ancient city designed with horse and cart in mind might be set to get a teeny bit easier - at least for EE customers with NFC-enabled …
Jasper Hamill, 4 Aug 2014
Bill_Veghte

HP storage revenue downturn? It's just a 'kink', says exec

Analysis HP's first calendar 2014 quarter storage revenue downturn was a blip, according to the global head of its enterprise group – though analysts at IDC may not agree. Bill Veghte, exec veep and GM of HP's Enterprise Group, was speaking about the calendar Q1 numbers that co-incide with HP's second fiscal quarter. He told us the …
Chris Mellor, 1 Aug 2014
padlock

IBM snaps up identity access gatekeeper tech

IBM has snapped up privately held security software firm CrossIdeas. Financial terms of the deal, announced Thursday, were undisclosed. Rome, Italy based CrossIdeas has been developing identity access technology since 2011. Its technology allows CISOs and security teams in big companies to automatically detect conflicts in …
John Leyden, 1 Aug 2014

Insight CEO: We've found bottom line balm to soothe Microsoft pain

Microsoft’s heftiest enterprise licensing pal Insight Enterprises is now managing the biting fee reductions emanating from Redmond to such an extent that it feels enough comfort to lift bottom line forecasts for 2014. In contrast, as the reseller titan rolled out Q2 numbers showing revenues stagnation, it pulled down estimates …
Paul Kunert, 1 Aug 2014
Tesla Sport

Tesla and Panasonic to build NOT-SO-SECRET GigaFactory in US

Tesla has signed a deal with Panasonic which will see both firms collaborate on the construction of one of the world's biggest battery factory. The GigaFactory, as it's been called, will build lithium-ion batteries to satisfy an anticipated boom in demand for electric vehicles. Tesla hopes that the GigaFactory – located in Reno …
Jasper Hamill, 31 Jul 2014

Samsung faces down TAB and smartphone MOUNTAIN HORROR

Samsung has confirmed sluggish sales of smartphones and tablets combined with efforts to shift the stock mountain that cast a shadow over Europe, denting group sales and profits for calendar Q2. The Korean chaebol has been out of step with falling market demand and as exclusively revealed by The Channel back in May, Sammy UK …
Paul Kunert, 31 Jul 2014
BT Openreach van outside Comedy Pub

BT consumer biz saves day: Grr, if it weren't for that meddling Ofcom

Former state-owned telco monopoly BT reported top line declines across the majority of operations for the opening three months of its new financial year with only the consumer biz - fuelled by broadband demand - bucking the trend. Sales for Q1 ended June were two per cent adrift of revenues in the same period a year ago at £638m …
Paul Kunert, 31 Jul 2014
WD Caviar Green 2TB

Disk daddy WD dishes out more drives, but profits dip anyway

For its final fiscal 2014 quarter WD revenues were flat at $3.7bn but profits declined despite the firm having sold a greater number of disk drives. SSD sales declined compared to the previous two quarters. The increased drive demand came from PCs, gaming devices and notebooks but, unfortunately gaming and notebook drives have …
Chris Mellor, 31 Jul 2014

AVG stung as search revenue from freebie scanners dries up

Security software firm AVG net income has fallen from $24.7m in Q2 2013 to $13.7mn in Q2 2014, according to financial results out Wednesday. The profits slide is explained by the slip in revenue from $100.4m in Q2 2013 to $88m in the three months running up to 30 June 2014. AVG responded to the results by revising its outlook …
John Leyden, 31 Jul 2014
Wii U

Nintend-OH NO! Sorry, Mario – your profits are in another castle

Nintendo is reeling after it posted a $96m loss on the quarter to June 30. The Mario maker said that the quarter, its first of the fiscal year, brought total sales of 74.69bn Yen ($726m), down 8.4 per cent over last year's quarter, and a net income loss of 9.92bn Yen ($96m) compared to a 8.62bn profit last year. That eyebrow- …
Shaun Nichols, 30 Jul 2014

Shopping spree helps Arrow counter organic sales slump

Healthy organic sales growth has once again proved slippery for enterprise tech bellwether Arrow Inc to grasp, though demand for heavy duty software and hardware started to re-emerge. At group level, the tech distie reported revenues of $5.68bn, up seven per cent year-on-year as reported – but this was largely due to …
Paul Kunert, 30 Jul 2014
A hammer and bent screw

Don't Hammer Bob's backup biz: At least sales are up

CommVault, the all-singing-and-dancing data management, enterprise backup and archive company, saw its revenues rise 14 per cent in its first fiscal 2015 quarter - but its profits fell by five per cent. Despite that, it still beat Wall Street's earnings estimates. Revenues were $152.6m compared to $134.4m a year ago, while the …
Chris Mellor, 30 Jul 2014

Sing it, Systemax: 10 straight quarters plunging in a row, 10 straight quar....

Shape-shifting mega reseller Systemax has finally broken its run of top line wobbles after 10 consecutive quarters but the US titan still couldn't turn a churn out a profit in its calendar Q2. The New York Stock Exchange-listed dealer last night reported low single-digit sales growth of $831.1m, representing a rise of 1.4 per …
Paul Kunert, 30 Jul 2014
Dr Dre Beats Solo

Forgot About Dre? Not us. Euro bods give nod to Apple and Beats deal

The European Commission has given its official blessing to the $3bn acquisition by Apple of headphone manufacturer Beats. After considering whether the link-up fitted in with merger regulations, the antitrust regulators decided the two firms were sufficiently different that there was no concerns about competition. In a …
Jasper Hamill, 28 Jul 2014

Blighty will be BIGGER and BETTER than Germany, confirm beancounters

Britain's teamsters may not be setting the sporting stage alight this summer but the local tech economy is heating up as it sprints to Euro glory. Figures from Chancellor George Osborne late last week showed that overall UK economic output is some two per cent larger than pre-financial crisis levels in 2008, after rising 0.8 per …
Paul Kunert, 28 Jul 2014
twitchpokemon

Twitch rich as Google flicks $1bn hitch switch, claims snitch

Google and Twitch were tight-lipped this morning in California – amid swirling rumors that the internet goliath will formally seal a $1bn deal to buy the video-streaming upstart. Twitch spokesperson Chase (just Chase) refused to rule out the speculation, and instead gave us "no comment" when we called. Given that Twitch is a few …
Shaun Nichols, 25 Jul 2014

Feel free to BONK on the TUBE, says Transport for London

From 16 September you will be able to pay for your journey on the London Underground with your pay-by-bonk contactless card or NFC-enabled phone. This won’t come as a surprise to anyone who uses the London Underground regularly and will have heard the announcements (and seen the posters) warning people to keep their Oyster and …
Simon Rockman, 25 Jul 2014
Windows XP boot screen

The XP factor gives MEGA-DISTIE Ingram Q2 sales a boost

The tills rang often for massive global distie Ingram Micro during its second calendar quarter, helped by frenzied PC refresh activity, but squeezing out better long term profits remains a work in progress. The globe's largest distie reported a revenue hike of $600m year-on-year to $10.9bn. Despite a near six per cent leap in …
Paul Kunert, 25 Jul 2014

Come close, dear reader. Past those trees you'll see a non-Microsoft Nokia Oyj in the wild

Nokia – the Finnish networking firm, not the Microsoft division that sells low-cost mobes running Windows Phone – reported earnings for another difficult quarter on Thursday, yet showed signs that its operations are beginning to stabilize since punting its Devices and Services business off to Redmond. Net sales for the second …
Neil McAllister, 24 Jul 2014

Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales

Gigantic retailer Amazon grew sales 23 per cent, year on year, in its second quarter of 2014 – and managed to lose even more money than usual. The e-retailer and cloud giant reported an operating loss of $0.27 per share on Thursday on revenues of $19.34bn for the three-month period, compared with analyst expectations of a loss …
Jack Clark, 24 Jul 2014

Cyber-robbers hack European Central Bank's... website

The European Central Bank has written to 20,000 people to warn them their personal data may have been stolen during a huge cyber-heist. ECB said crooks had attempted to extort money from the bank after hacking into a database containing email addresses, phone numbers and addresses of people who had registered to attend events. …
Jasper Hamill, 24 Jul 2014
Ocean yacht

Batten down the hatch- ... oh. Quantum's actually close to growth

It’s Quantum quarterly results time. The temptation is to immediately think same old, same old, but is its drawn-out recovery finally becoming visible? The top-line numbers don’t show it. First quarter fiscal 2015 revenues were $128.1m, almost $20m down on the year-ago quarter and a smidge up, just $100,000, on the previous …
Chris Mellor, 24 Jul 2014
Qualcomm Atheros AR9004TB

Report: Beijing watchdog reckons chip-slinger Qualcomm has monopoly in China

Beijing’s anti-competition authority, currently midway through a probe of Qualcomm, has reportedly said it believes the chipmaker does have a monopoly in China. The chip giant has been under investigation by the National Development and Reform Commission for allegedly overcharging and abusing its market position in China, a …
Fraud image

New licence and SAP unit sale knackers Software AG's numbers

Delayed IT projects and offloading the SAP business have dealt Software AG’s business a double blow for its latest quarter. Germany’s other major software maker today reported a second-quarter revenue drop of 18 per cent to €196m ($263.9m) and net income halved to €14.2m ($19.1m). Earnings per share was also almost halved to €0 …
Gavin Clarke, 24 Jul 2014