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CPUs in a FatTwin

Official: Whiteboxer Super Micro is a $2bn server company

+Comment Commodity server vendor Super Micro has reached a $2bn run rate with its latest quarter's results. In Q2 fiscal 2015, the three months that ended 31 Decemer 2014, revenues jumped 41 per cent year-on-year to $503m, as profits grew to $31.24m, 134 per cent up the same period in fiscal '13. Super_Micro_Quarterly_Revs_to_Q2_fy2015 …
Chris Mellor, 26 Jan 2015

Uber isn't limited by the taxi market: It's limited by the Electronic Thumb market

Worstall @ the Weekend We've had a look before at that valuation of Uber at $40k bar** and mulled over whether it makes any sense or not. And there's a little snippet of news out that shows that there might be more substance to it than most of us tend to think there is. It could, of course it could, still be just an absurdly over-hyped product of …
Tim Worstall, 25 Jan 2015
Money

Why so tax-shy, big tech firms? – Bank of England governor

The governor of the Bank of England, Mark Carney, has singled out technology companies as being among the worst offenders for tax avoidance. Speaking at a panel session at the World Economic Forum Annual Meeting in Davos, Carney said: "It should be recognised that some of the biggest firms to take the most advantage of …
Kat Hall, 23 Jan 2015
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Kaminario swallows $15m – ONE MONTH after last cash gulp

Comment Not content with raising $53m in a E-round of funding at the end of November, flash array performance king Kaminario raised another $15m at the end of December. The startup’s K2 all-flash array business has now raised a total of $143m, getting close to Solidfire’s $150m but a long way behind Pure Storage’s $470m. King K got the …
Chris Mellor, 23 Jan 2015
Suitcase bulging with cash

What was Tim Cook worth to Apple in 2014? $9 MILLION, apparently

Apple more than doubled chief exec Tim Cook's remuneration for 2014, handing him a bulging package worth $9.22m – including his $1.75m (£1.25m) base salary and a $6.7m (£4.5m) bonus. The compensation reflects the company's "extraordinary year in 2014", it said in its annual report (PDF). Sales at Apple rose seven per cent by $ …
Kat Hall, 23 Jan 2015
Kim Jong-un

Sony blames NORK The Interview cyber strike for delayed Q3 report

Sony plans to delay its third-quarter financial results and has blamed North Korea’s crippling cyber attack on Sony Pictures Entertainment’s business systems. The media giant has asked Japan’s Financial Services Agency to extend its deadline by a month so it can compile the period’s results. Sony needs the extension so its film …
Gavin Clarke, 23 Jan 2015
Man wrinkles his eyes in an expression of pain, annoyance or dsicomfort

ULLtraDIMM dam plus inventory oops smacks SanDisk’s Q4 growth

+Comment The expansion of SanDisk’s business nearly stopped in its latest quarter, with revenue growth stalled and profits down as it lost a major customer, experienced troubles in its supply chain and the ULLtraDIMM injunction took hold. Just a temporary setback guys, nothing to see here, move along folks. The consumer and enterprise …
Chris Mellor, 22 Jan 2015
Lost

2015 and IBM: But it wasn't supposed to be like this...

IBM said it reckoned on earnings per share of $15.75-16.50 for this year, when it announced its fourth quarter earnings on Tuesday. 2015 was supposed to be a golden year for IBM, where it would hit the $20 EPS goal under the five-year plan of former chief executive Sam Palmisano. Software was to be the engine of that 2015 plan …
Gavin Clarke, 22 Jan 2015

Capita IT Services raises the axe AGAIN

Crapita Capita IT Services is to shutter the last surviving office for hosting unit OPENHIVE, and has given the resident staffers notice of redundancy. The integrator acquired the firm, formerly branded Synetrix, at the end of 2009, and took on 193 employees based at premises in the Midlands and the South East of England. …
Paul Kunert, 21 Jan 2015
War of the Worlds

Elon Musk SNOWED UNDER with Googley DOLLARS for Space Internet

SpaceX has confirmed a meaty injection of cash from Google and Fidelity, after it was reported that the ad giant was closing in on an investment deal of up to $1bn with Elon Musk's firm. It means that Google and Fidelity now "collectively own just under 10 per cent of the company," SpaceX said in a brief statement, without …
Kelly Fiveash, 21 Jan 2015

God bless Brit biz spending, gushes Computacenter

In spite of a currency headwind and economic fragility on the continent, Computacenter exited calendar 2014 with an ever so slightly swollen top line, aided by a UK sales bounce in product reselling and tech services. According to a trading update, the London-based outfit closed off the year on a high, with group turnover up …
Paul Kunert, 21 Jan 2015
The final page of that Facebook storyboard

Facebook worth more than Portugal? Hell, it's worth a LOT more than THAT

Worstall on Wednesday As an esteemed editor said, one not a million miles away from here, the fact that Facebook has commissioned a report showing what vast amounts of wonderful, beneficial economic activity it is responsible for indicates that the company in fact contributes nothing. Stands to reason, that does. And even once one allows for a …
Tim Worstall, 21 Jan 2015

Ailing AMD battered by goodwill, inventory charges

AMD emerged from a bloody fourth quarter of its fiscal 2014 on Tuesday, reporting revenues down and profits sapped by painful one-time accounting charges. The chipmaker's total revenues for the three months ending on December 27, 2014 were US$1.24bn, a 22 per cent year-on-year decline. And the figure for the full year was better …
Neil McAllister, 21 Jan 2015
Red pen

Big Blue bleeds more red in Q4, promises better days to come

The fourth quarter of IBM's fiscal 2014 was a disappointing cap on a year that saw Big Blue's revenues and income both decline significantly since 2013. Total revenues for the quarter were $24.1bn, which was 12 per cent lower than the same period a year ago and missed analysts' expectations. Revenues for the full year didn't …
Neil McAllister, 20 Jan 2015
sap security vulnerabilities

SAP’s cloudy future prompts a dip in profit forecast

German software giant SAP has cut its profit margin forecast for 2017, as its cloud offering is set to take off and dent the company's (still-bulging) pockets. According to its results today, Tuesday, by 2017 operating profit will be around €6.3bn-€7bn (£4.8bn-£5.3bn) on revenue of €21bn-€22bn (£16bn-£17bn). This is down from …
Kat Hall, 20 Jan 2015
The flying rooster seen in the stratosphere

SO. Which IS more important to humanity: Facebook, or Portugal?

Poll The Register, it would seem, has ruffled the feathers of some sensitive Portuguese folk by merely reporting the, er, facts as presented to us by consultancy outfit Deloitte, which – having been paid by Mark Zuckerberg's company – claimed that Facebook's global economic value was $227bn (stop sniggering at the back). Naturally, …
Kelly Fiveash, 20 Jan 2015
Emulex_results_Q2fy156

What's that, Emulex? A profit? Just over the horizon?

Emulex CEO Jeff Benck unveiled a ray of sunshine with surprisingly good preliminary revenues for its latest quarter. The company ships Fibre Channel HBAs and Ethernet connectivity products and is locked in combat with QLogic in the HBA and converged network adapter markets. Emulex is expecting $110m to $111m in revenues for its …
Chris Mellor, 20 Jan 2015
management consumerisation

Behold our swollen sales digits, crow Microsoft enterprise partners

The financials for a bunch of Microsoft’s top table enterprise licensing channel partners are in, and though none of them are getting rich quickly, there’s seems room enough in straight reselling to make a living. York-based Software Box (SBL) toasted its 25 years of life by bringing home £128.1m in sales for the 12 months ended …
Paul Kunert, 19 Jan 2015
O2 XDA Argon

Hong Kong mogul mulls MULTI-BEELLION POUND bid for O2 – report

British mobile operator O2 has reportedly been eyed up by Hong Kong biz baron Li Ka-shing, with a takeover bid of up to £9bn apparently being floated. The owner of Hutchison Whampoa, which controls UK mobe carrier Three, has been in tentative talks with Telfonica-run O2, according to a report in today's Sunday Times (£), which …
Kelly Fiveash, 18 Jan 2015

Lloyds supplier payments TITSUP: What, you want MONEY from a BANK?

Exclusive Lloyds Banking Group’s (LBG) failure to settle debts with some tech suppliers over the past few months has reached “crisis” point, and could have dire consequence for smaller players, sources tell us. The High Street lender recently automated its payment processing system and brought it back on-shore with the intent of speeding …
Paul Kunert, 16 Jan 2015
Intel headquarters, Santa Clara

Medic! Intel can't stanch bleeding from mobile chip biz

Intel closed the book on a smashing first full year under CEO Brian Krzanich on Wednesday, reporting record revenues and earnings that beat analysts' estimates. But not every aspect of its business looked equally healthy, with mobile as the obvious trouble spot. Chipzilla pulled in $55.9bn in revenues during its fiscal 2014, a 6 …
Neil McAllister, 15 Jan 2015
axe_channel_teaser

SAN upstart Coraid AXING staff, struggling to survive – sources

+Comment Multiple sources have told us that Etherdrive storage SAN startup Coraid is floundering and staffers are losing their jobs after the firm spent over $100m trying to launch itself as a viable business. The UK service office has no staffer answering calls, Coraid in Australia gives out a recorded message asking for your number. " …
Chris Mellor, 15 Jan 2015
No Sale

Samsung and BlackBerry: Coming together? Not at this price

Analysis A Reuters report that Samsung held talks with Canada's BlackBerry over a possible acquisition doesn't ring true, for a number of reasons. Firstly, the deal as reported would represent a haircut for BlackBerry's biggest shareholder, and financial saviour Prem Watsa. Watsa's Fairfax Holdings bought most of BlackBerry stock at $17 …
Andrew Orlowski, 15 Jan 2015
chart

Don't RELAX! Euro tech market still 'volatile' – Datatec

Logicalis is locked in recovery mode following the sales crash during last year’s World Cup and the loss of the Wales PSN contract to BT, but it is the Westcon distribution arm of parent Datatec that is really motoring. The group, listed on both AIM and South Africa's Johannesburg Stock Exchange, reiterated today in an interim …
Paul Kunert, 15 Jan 2015
Scrooge McDuck

Oracle data centre offers its back end to banking upstart

Oracle is becoming a British banking back end, with its data centres about to start holding the money and details of some of the UK’s wealthiest citizens. Hampden & Co, due to launch in the first quarter of 2015, has picked Oracle’s Flexcube as its core banking platform, the database giant said Tuesday. Unlike other Flexcube …
Gavin Clarke, 15 Jan 2015

Suck on this, Larry: NoSQL pair hit the G-spot

There has been plenty of talk about open-source databases growing faster than those belonging to tech dinosaurs like Oracle, but nothing tells a story quite like cash. MongoDB and Basho, pioneers in NoSQL, yesterday separately announced that they are each receiving further wads of cash from the venture capital sources. Open- …
Gavin Clarke, 14 Jan 2015
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

What will happen to the oil price? Look to the PC for clues

Worstall on Wednesday Economics, of course, is simply a bunch of mumbo-jumbo – as evidenced by its failure to answer the Queen's question regarding the crash: "Why did nobody see it coming?" Theory of Finance scribe and Nobel laureate Eugene Fama's answer – that economic theory insists it is impossible to predict such things – tends not to convince …
Tim Worstall, 14 Jan 2015

Grow, grow, Grohe, you gloat. Well done that sales team. Merrily, merrily, merrily, merrily, profit is just a dream

Blink and you’ll miss it: Barracuda made a microscopic loss of $36,000 in its latest quarter. That's just 0.1 per cent of its $70.4m revenues. This is a company growing sales by 17 to 20 per cent in each quarter compared to the year before – nothing dramatic but more than respectable. Barracuda Networks sells data protection and …
Chris Mellor, 14 Jan 2015
Picture by Afonso Lima

Huawei: Phone sales helped fatten our bottom line in 2014

Phone sales helped network equipment giant Huawei to bank 20 per cent more revenue in 2014 than the previous year, the company said today in an earnings guidance. The Chinese company estimates sales for the 12 months to come in at between ¥287-289bn (£30.3bn to £30.9bn) when the final numbers for calendar ’14 are reported in …
Team Register, 13 Jan 2015

Activist Elliott gets two seats on the EMC board

EMC - currently under attack by activist investor Elliott Management, which is wanting it to sell off VMware - has granted Elliott two board seats. The EMC board has been expanded from 11 to 13 seats to make room for the two, Jose Almedia (chairman, president and CEO of global healthcare company Covidien), and Donald Carty ( …
Chris Mellor, 12 Jan 2015
Alarm clock

Atlantis Computing CEO stands down

+Comment After just four months as Atlantis Technology CEO and president, Jason Donahue has left, and has been replaced by founder and now ex-chief technology officer Chetan Venkatesh. The company's management page now has Venkatesh listed as chief. Atlantis has RAM-using server and VDI virtualisation software technology products called …
Chris Mellor, 12 Jan 2015
flames_fire_destruction

Cash-burning Box makes yet ANOTHER IPO promise

Loss-making VC muse Box.com, the cloud document storage and sharing startup, says it’s ready to make an IPO – again. Box filed its IPO statement with US regulators on Friday in preparation for going public. The nine-year-old firm is gunning for a drop of up to 12.5 million shares at a price of $12 per share. Box stands to raise …
Gavin Clarke, 12 Jan 2015
channel_teaser_exit

Boss splits as Symantec UK consciously uncouples

The expected jostling for senior positions at Symantec continues ahead of the divorce between the security and storage wings, with UK boss Simon Moor exiting the business. The conscious uncoupling scheduled to occur by the end of this year – which will effectively undo the 2004 acquisition of Veritas – will leave two independent …
Paul Kunert, 12 Jan 2015
Boring Christmas

Happy Holidays! Misco axes ONE IN FIVE UK sales peeps: sources

Shape shifting Misco spread the cheer among its workforce in the run-up to Christmas by distributing P45s, with sources estimating that up to 20 per cent of UK sales heads rolled. The parent of the web tech bazaar, Systemax, which is trying to deal more with mid-market corporate enterprises and sell services, is cutting costs …
Paul Kunert, 9 Jan 2015
chart

Peak Samsung: Bottom line walloped in Chinese mobe, slab war

Cheap slabs and smartphones from Chinese brands are taking a toll on the once seemingly unstoppable tech sales machine Samsung Electronics as it forecast a year-on-year crash in Q4 profit. The chaebol warned in a preliminary earnings guidance message that operating profit will be more than 37 per cent lighter on the same period …
Paul Kunert, 8 Jan 2015

Lube company merger receiving second 'in-depth' probe

Frustrated after its initial probe into a merger between two lube companies, the UK's Competition Markets Authority wants to push deeper into the decision of the makers of Durex and K-Y to jump into bed together. The two companies agreed to make the corporate entity with one back on 10 March 2014 after Durex maker Reckitt …
Kat Hall, 8 Jan 2015

Tesco preps for Big Data Engine dump: Laters, Clubcard dev

Retail titan Tesco is investigating the sale of Dunnhumby, the big data and data science wrangler it took over in 2004, which had helped propel the supermarket to national dominance. Tesco, Britain’s largest food retailer, has confirmed it has appointed a team of strategic advisors to explore “strategic options” for Dunnhumby. …
Gavin Clarke, 8 Jan 2015
big droplets falling from rain cloud

Channel: IBM stamps us into the dirt in race for cloudy glory

IBM is trampling over some smaller software boutiques in the rush to pump up its cloud sales volumes, we are told. Selling tech as-a-service is one of the five strategic pillars on which Big Blue has staked its future – alongside mobile, social, big data and analytics. But, at least according to some IBM Business Partners, it …
Paul Kunert, 8 Jan 2015

Tesco tosses loss-making Blinkbox into TalkTalk's basket

Scandal-smacked Tesco has offloaded loss-making video-on-demand service blinkbox movies along with its fixed line voice and broadband biz to TalkTalk for an undisclosed cash fee. Negotiations between the pair came to light at the end of last year, and this morning TalkTalk said the buy would speed up “key initiatives” it was …
Paul Kunert, 8 Jan 2015
Electronic waste dump in China

Meru Networks ready to DECIMATE its workforce

Meru Networks has retained financial advisor Deutsche Bank to review future options for the business, as it confirmed its intention to erase “more than” 10 per cent of the global workforce amid falling sales and profits. The NASDAQ-listed WLAN maker revealed last night that according to preliminary estimates for Q4, revenues …
Paul Kunert, 7 Jan 2015
Total Recall outside on Mars scene

UK data cops warn Optical Express to stop spamming 1000s of customers

High Street optician Optical Express has been admonished by Britain's data watchdog after thousands of customers complained that the company was sending them nuisance text messages. The Information Commissioner's Office warned Optical Express to halt its actions, or else face further action. An enforcement notice (PDF) was …
Kelly Fiveash, 7 Jan 2015

Sardine fishing in Kerala: Who benefits from mobile phones?

Worstall on Wednesday We're now 30 years into the mobile phone era here in Good Old Blighty, with that first call having been made back on New Year's Day. And it's worth asking who has really benefited from this technology: something which, when considered, will lead us to being able to tell big government fan Professor Mariana Mazzucato to take a …
Tim Worstall, 7 Jan 2015