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Sales up at NSA SIM hack scandal biz Gemalto

Sales at the world's biggest SIM card maker, Gemalto, which was last month revealed to have been hacked by the NSA and GCHQ, rose by five per cent to €2.5bn (£1.8bn) in 2014. Following the hack, the company's share price fell by $470m last month. However, the latest results do not appear to have appeased investors, with shares …
Kat Hall, 5 Mar 2015

Danwood CEO: No more M&A disco watching for us

Danwood no longer wants to be the loner at the edge of the M&A dance floor as romance blossoms between local rivals, especially now its finances suggest it isn’t destined for the scrapheap. The document services specialist was unable to get in on the action during an extensive round consolidation that saw SCC, Xeretec and …
Paul Kunert, 5 Mar 2015
Statler and Waldorf - copyright - The Walt Disney company - the muppets studio

Speaking in Tech: Tinder Plus: 4 times pricier... if you're an OVER-28 wrinkly

Podcast speaking_in_tech Greg Knieriemen podcast enterprise It's another episode of El Reg's best and only tech podcast with your hosts Greg Knieriemen, Ed Saipetch and Sarah Vela. This week, they dig into HP's acquisition of Aruba, Tinder pricing for the *cough* elderly and the prospects for Google+. Their special guest this week is …
Team Register, 4 Mar 2015
TwitterIPO

Twitter fears big EU tech payout to pacify lawmakers over data-slurping concerns

A fretful Twitter has told investors that it may be forced to shell out cash on IT infrastructure in Europe if the Safe Harbor pact between the EU and the US collapses. The profit-shy company, which derives most of its revenues from advertising, revealed its fears in Twitter's annual report published on Tuesday. Meanwhile, it …
Kelly Fiveash, 4 Mar 2015

£280k Kickstarter camera trigger campaign crashes and burns

Backers of a Kickstarter campaign which raised a whopping £290k for the development of the Triggertrap Ada modular camera trigger have been left furious and seriously out of pocket after the company behind the product announced it couldn't deliver and would refund just 20 per cent of punters' cash. The Triggertrap Ada …
Lester Haines, 4 Mar 2015
Borg

Internet of Things? Pah! Biz bods, you're wasting your money

Mobile operators could be pissing away $46bn in their excitement over the Internet of Things and wearables. So says Syniverse, the company which forms the glue between mobile networks handling lots of interconnects and things like number portability. Of course being polite and American, it didn’t quite phrase the problem quite …
Simon Rockman, 3 Mar 2015
HP

HP gulps down Aruba Networks for $3bn

After a period of abstinence from mega buys, HP has dipped into its cash reserves to find $3bn (£2bn) for wireless infrastructure biz Aruba Networks. The deal will form a welcome plug to HP's sliding network biz, which fell 10.8 per cent to $562m (£365m) in the company's first quarter results last week. Aruba posted sales of $ …
Kat Hall, 2 Mar 2015
Kim Dotcom

It's a Mega blast: PayPal drops Dotcom's Mega

PayPal has pulled support for Kim Dotcom's Mega. Dotcom claims the decision was made following pressure on Paypal from Visa and Mastercard. Paypal, Visa, and Mastercard have been contacted for comment. In a statement Paypal refused to elaborate on the grounds of customer privacy saying only that it terminated the relationship …
Darren Pauli, 2 Mar 2015
Hyperloop plans

Elon Musk plans to plonk urban Hyperloop subsonic tube on California

Billionaire space baron Elon Musk has inked a deal with land developers in California to allow his company to begin installing an over-hyped, loopy new transport system appropriately dubbed Hyperloop. Previous mutterings from Musk had suggested that the first railgun-like tube-way would be constructed by Hyperloop Transportation …
Kelly Fiveash, 28 Feb 2015

BP: Oil prices crashed, so must our ICT budget

BP has confirmed it is looking to squeeze costs from its annual ICT budget on the back of crashing oil prices, and well-placed sources tell us the business wants to identify $300m in savings. It’s been a tough couple of years for the over-enthusiastic oil seeker and distributor, what with the crisis in Gulf of Mexico and more …
Paul Kunert, 27 Feb 2015
wall_street

Nimble revenue diet gets fibre supplement

IPOed hybrid array market star Nimble Storage beat the street with fourth-quarter revenues of $68.3m, and lost less money than last quarter as Fibre Channel sales kicked in. Can it keep on like this? The revenue was up 64 per cent on an annual compare. Losses of $24.7m were less than the previous quarter's $28.4m, but almost …
Chris Mellor, 27 Feb 2015

Ingram Micro: Damn you Europe for our ghastly margins

Weaker margins in Europe due to forex losses and cut-throat retail pricing was the only major blip in an otherwise decent end to the calendar 2014 for Ingram Micro. It was not a vintage year though. Sales in Q4 bounced 18 per cent to $13.95bn: Technology and Other Solutions grew ten per cent to $11.2bn and Mobility shot up 60 …
Paul Kunert, 27 Feb 2015
Marc Benioff of Salesforce. Pic: Techcrunch

Salesforce boss: One day I'll run a $10bn... er, software biz?

Marc Benioff has accused the world’s largest business software maker and the industry’s biggest database firm of not cutting the mustard on Salesforce's cloudy home turf. Yet his sales fluffer is doing rather well as a – wait for it – software company. Benioff says it will hit $6bn in revenue in 12 months' time. From there, his …
Gavin Clarke, 26 Feb 2015
Close-up of a YouTube logo as viewed on a computer screen in close up...

NO ONE is making money from YouTube, even Google – report

It seems no one is making money from online goggle box YouTube, least of all Google – despite reports that the company generated $4bn (£2.6bn) revenue last year. While YouTube accounted for about six per cent of Google’s overall sales last year, it didn’t contribute to earnings, a source told the Wall Street Journal. YouTube's …
Kat Hall, 26 Feb 2015
Bank vault

Bank of England could mint own brand of Bitcoin

The Bank of England (BoE) has issued a piece of research suggesting, among other things, that it may not be a bad idea for it and other central banks to issue digital currencies. The “One Bank Research Agenda Discussion Paper” is the BoE's attempt to kick-start new banking thinking. The paper therefore considers five themes, …
Simon Sharwood, 26 Feb 2015

What exchange rate blues? Our storage revs have grown – HP

Comment Despite lousy dollar exchange rates, HP storage revenues are climbing – unlike those of NetApp, which fingered those same exchange rates as the cause of its woes. In its first fiscal 2015 quarter HP’s revenue was $26.84bn, down 5 per cent on an annual compare, with net income of $1.37bn, down 4 per cent from a year ago. So far, …
Chris Mellor, 25 Feb 2015
Hortonworks logo

Big data = big loss for Hadoop-flinger Hortonworks

If the future of big data is Hadoop, those peddling it still have a long journey ahead of the them. Newly IPO'd Hortonworks' inaugural results show a company whose losses are growing as its business expands. Further, it’s not subscriptions to Hortonworks’ implementation of the open-source Hadoop that are growing most – it is …
Gavin Clarke, 25 Feb 2015
sea_hp_sink

Sales of HP notebooks and servers are UP! And that's all the good news

HP kicked off its fiscal 2015 with a disappointing first quarter, reporting revenue and earnings both down for the three months ending on January 31, as compared to the year-ago period. Total revenues for the quarter were $26.84bn, a 4.7 per cent year-on-year decline that underperformed analysts' estimates. The firm's net …
Neil McAllister, 24 Feb 2015
Columns of coins in the cloud

Deutsche Bank pens cloudy infrastructure deal with HP

Fat outsourcing contracts are relatively few and far between these days, so HP’s 10-year, multi-billion dollar global win with Deutsche Bank is a welcome shot in the arm for its declining Enterprise Services division. The deal was signed before Chrimbo – we asked HP for comment at the time but it refused to talk – but it went …
Paul Kunert, 24 Feb 2015
Beer taps at a pub. Via http://www.freeimages.com/

Last round, folks: Dell 'n' pals pull out wallets as Nexenta preps for IPO

Nexenta is clearly keen to be top dog of the software-defined storage world. After reportedly experiencing 100 per cent year-on-year growth from 2013 to 2014, Nexenta says it is gearing up for an IPO in the next 18 months or so – with channel and geographic expansion and a final funding round coming. Nexenta says it has reached …
Chris Mellor, 23 Feb 2015

Ailing Calyx Managed Services flogged to MXC Capital for £9m

Private equity fund Better Capital has offloaded troubled Calyx Managed Services to tech investment and advisory house MXC Capital for £9m in what signifies a likely break-up of the biz. VC veteran Jon Moulton’s Calyx MS came on the market before Christmas, with corporate financier Rickitt Mitchell & Partners distributing an …
Paul Kunert, 23 Feb 2015

Brocade's IP strategy stutters in flat first quarter

A recovery in storage area networking product revenues has offset sliding IP networking sales to give Brocade a first quarter 2015 revenue result of US$576m, up two per cent quarter-on-quarter and the same amount year-on-year. Although flat year-on-year at at US$353m, the SAN segment swelled nine per cent in Q1 2015, reversing a …

'NSA, GCHQ-ransacked' SIM maker Gemalto takes a $500m stock hit

The world's biggest SIM card manufacturer, Gemalto, revealed yesterday to have been hacked by the NSA and GCHQ, has taken a $470m hit in its stock price. Gemalto was caught unawares by the revelation that the US and UK intelligence agencies had compromised its systems, and stole potentially millions of SIM card keys used to …
John Leyden, 20 Feb 2015

UK public sector biz keeps French giant Atos buoyant

Sales at French outsourcing giant Atos rose 5.1 per cent to €9.1bn (£5.9bn) for its full-year 2014, buoyed by UK public sector spend. Net income was €283m (£183m), up a respectable nine per cent from the previous year. However, the firm said when currency exchange was taken into account, sales dropped 1.1 per cent on last year …
Kat Hall, 19 Feb 2015
arrow pointing up

Rackspace posts double-digit jump in sales and profits

Cloud purveyor Rackspace clocked up sales of $1.79bn (£1.16bn) for its full-year 2014, a 17 per cent increase on 2013, while net income rose 28 per cent to $110m (£73.1m). Fourth-quarter net income at the cloudy firm was particularly strong, increasing 80 per cent to $37m (£24m) on revenue up 16 per cent to $472m (£306m). But …
Kat Hall, 18 Feb 2015
© Copyright Anthony O'Neil and licensed for reuse under this Creative Commons Licence

Vodafone didn't have a £6bn tax bill. Sort yourselves out, Lefties

Worstall on Wednesday I find myself watching current politics completely open-mouthed in amazement. The number of what are, if we are to be unkind about it, simply outright lies that have become common truths astonishes me. I refer, of course, to the latest revelations of the tax affairs of the nation. The latest round is those revelations from HSBC' …
Tim Worstall, 18 Feb 2015

Channel on track: British tech insolvencies fall to seven-year low

It is official: 2014 numbers for corporate deaths in the Brit tech channel have slumped to a seven-year low, figures from credit reference agency Graydon UK confirm. Some 48 local suppliers went under in Q4, taking the tally of insolvencies for the 12 months to 198 versus 293 in 2013 – annual levels not seen since prior the …
Paul Kunert, 16 Feb 2015

Virgin Media to splurge BEELLIONS on UK network infrastructure expansion

Virgin Media temporarily pushed BT's shares down more than 2 per cent on Friday, after it announced a juicy £3bn cash injection into Britain's internet infrastructure. The cable company, which was bought by John Malone's Liberty Global roughly 18 months ago, promised to bring broadband speeds of 152 Mbps to four million more …
Kelly Fiveash, 16 Feb 2015

Google founders to offload $4 BEEELLION in shares

Google founders Sergey Brin and Larry Page are about to offload millions of shares that will net each billions in cash. Don't panic, dear readers, at the prospect of Google's share price (and the balance of your pension fund) diving: the pair are offloading their holdings in line with an amended stock trading plan that is …
Simon Sharwood, 16 Feb 2015
Photo of Kermit the Frog at NASA

It's not easy being Green. But WHY insist we knit our own ties?

Worstall @ the Weekend Following on from last week's approbation of one Green Party policy, it is possibly time for me to get off my chest an issue over the policy general of said greenery luvvies that really, really, bugs me. Specifically, it is this idea that we should rely upon markets less and do more things "for ourselves". As I'll explain, from …
Tim Worstall, 15 Feb 2015
Stock ticker board

Acer: We're still a thing! We're still alive. And we are touting 300M shares

Acer wants to become a "hardware + software + services" biz – and issued 300 million shares on the Taiwanese Stock Exchange to fund this strategy and pay down debts. It’s been a challenging couple of years for Acer: a returning demand for PCs will help relieve the pain, although all the crystal ball strokers from Gartner to IDC …
Paul Kunert, 13 Feb 2015
Microsoft Surface Pro 3

Microsoft loves Surface pen maker N-trig so much it bought it – report

Microsoft has reportedly gobbled up N-trig, makers of digital pen technology for PCs and tablets, for an undisclosed sum. The sale of the Kfar Saba, Israel–based firm was reported by the Israeli business daily Globes, citing sources who valued the deal at around $200m. N-trig makes the pen tech for Microsoft's Surface Pro 3 …
Neil McAllister, 12 Feb 2015
Tesla Model X e-SUV dashboard

Tesla loses $100 million after Chinese problems

Elon Musk was expecting it, but a little trouble in big China has hit Tesla's bottom line hard. The company lost $107.6m in Q4 2014, up from a loss of $74.7m for the previous quarter. Musk blames this on a weak market in China and delays with getting the new P85D to customers “We built 11,627 vehicles in Q4, thus achieving our …
Simon Rockman, 12 Feb 2015

Insight Enterprises grits teeth as cloudy payoff remains elusive

A biting currency headwind and Microsoft licensing fee changes slapped Insight Enterprises’ respective top and bottom lines in calendar Q4 as it waited for services investments to pay dividends. The global reseller last night reported revenues of $1.45bn for the quarter, up four per cent year-on-year – but it could have been …
Paul Kunert, 12 Feb 2015

What goes up but must come down? NetApp's customer invoices

Analysis Decline is setting in: NetApp's revenues are showing a distinctive downturn – and the latest quarterly numbers confirm the trend. Sales in the third quarter of 2015, which finished January 23, added up to US$1.55bn, which was 3.73 per cent down on the year-ago quarter's US$1.61bn. It was just half a per cent higher than Q2's $1 …
Chris Mellor, 12 Feb 2015

Whose GPUs let it cruise to record revenues? Nvidia, that's who!

Nvidia performed better than expected for the fourth quarter of its fiscal 2015 and for the year, with strong graphics processor sales buoyed by its swiftly growing application processor business. The chipmaker reported fourth quarter earnings of $0.43 per diluted share on record revenues of $1.25bn, both of which beat Wall …
Neil McAllister, 12 Feb 2015
Telstra logo

Telstra posts first half-year AUD$2 BEEELLION profit

Australia's dominant telco, Telstra, has posted sterling half-year results. Income for the period to December 31st, 2014, was up 1.6 per cent to AUD$13.0 billion and earnings per share increased 23.4 per cent to 16.9 cents. Speaking of those shares, they're now at around $6.50 apiece, a price not seen since the early 2000s when …
Simon Sharwood, 12 Feb 2015
Cisco CEO John Chambers speaking at Cisco Live! 2014

Cisco hits the disco as unified comms, wireless sales are lookin' frisk, yo

Just watch that elephant dance: Cisco believes it's managed something Silicon Valley startups often die trying to do, “pivoting” the business to reverse a downward trend. CEO John Chambers sounded cat-swallowed-cream pleased during The Borg's Q2 2015 results call, and investors agreed, adding five per cent to the company's share …

Chip giant TSMC, flush with record sales, plans $16bn fab build-out

Taiwan Semiconductor Manufacturing Company (TSMC) reported sales for January 2015 that were the highest of any single month in its history, amid rising demand for silicon for graphics and mobile computing. TSMC said [PDF] on Tuesday that its net revenues for January hit $2.76bn in US dollars – a company record and a whopping 69. …
Neil McAllister, 11 Feb 2015

UK chip champ ARM flexes muscle: Shows strong profit and sales

UK processor core design biz ARM today posted double-digit profit and turnover growth for its full-year results 2014, with the company reporting a "record" number of licences signed in its fourth quarter. Profits rose 13 per cent to £411.3m at the Cambridge-based group, on revenue up 16 per cent to £795m for the year ended 31 …
Kat Hall, 11 Feb 2015

Not just Imation's imagination: That sinking feeling is real

+Comment Imation has turned in another quarter of revenue decline and losses and a full year of shrinking revenues. Its management is talking about strategic options and unlocking value with a financial advisor – which sometimes means selling off non-performing assets, though we couldn't say it does in this case. Let's get the numbers …
Chris Mellor, 10 Feb 2015

Sales slip at fine-hit CSC after firm escapes from the NHS

Sales at US computer giant CSC dropped 8.7 per cent to $2.95bn (£1.9bn) for its third quarter - around $150m (£98.6m) below what the company had hoped. The company also recorded an income loss of $313m (£206m) for the third quarter, which was affected by pre-tax pension-related charges of $462m (£303m) and a $195m (£128m) charge …
Kat Hall, 10 Feb 2015