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Daisy back door sniffers bag extension to come up with the cash

It may be third time lucky for Daisy Group CEO Matthew Riley and his fellow consortium bidders, who were today granted yet another extension to show their money to the LSE-listed firm’s shareholders. Riley, along with Toscafund and Penta Capital, made advances to acquisitive B2B comms and tech supplier Daisy in August, but have …
Paul Kunert, 6 Oct 2014
hands waving dollar bills in the air

Moneymen dash to hand cash to storage upstarts

Comment There has been a sudden rush of venture capital cash to storage startups as mainstream vendors respond to the upstarts' products and squeeze their growth window. The backing VCs want fast growth to IPO level run rate revenues so they can get their exit before the startup's growth fizzles out. Only last year, storage startups …
Chris Mellor, 6 Oct 2014
HP cloud

Report: HP to SPLIT OFF PC, printer biz from enterprise wing

Hewlett-Packard is reportedly planning a big break-up of its businesses, splitting its PC and printer operations from the company's corporate hardware and services divisions. The Wall Street Journal, citing people familiar with the matter, said that the huge rejig could be announced by HP on Monday. One source told the …
Kelly Fiveash, 5 Oct 2014
Gordo: EPIC FAIL

No, Big Data firm, the UK isn't teeming with UBER-FRISKY GIGOLOS

Worstall @ the Weekend You may or may not have seen that the government has decided that GDP, the measurement of the size of the economy, should now include the activity surrounding drugs and prostitution. We can now assuage our guilt at that quick shag and a toke on the way home with the thought that we are, in fact, making the country richer as we …
Tim Worstall, 5 Oct 2014
Facebook WhatsApp

EU blesses $19bn Facebook-Whatsapp marriage

The European Commission has approved the merger of Facebook and WhatsApp, ruling they are not close competitors – despite both offering free online messaging. After sending out lengthy questionnaires to the pair's rivals, the commission gave the nod to the proposed deal. Competition chief Joaquín Almunia explained: “While …
steve jobs

Google's Eric Schmidt's shock confession: Steve Jobs is.... MY HERO

Google supremo Eric Schmidt has claimed that Steve Jobs was his "hero" and said that we should all endeavour to "be a small percentage" of the Apple godhead. This might sound like he's encouraging time-travel cannibalism, but it's really just a call for everyone to do their bit to change the world. He doesn't mean properly …
Jasper Hamill, 3 Oct 2014
Beans

David Goulden tosses away CFO cap, holds onto EMC II CEO crown

+Comment EMC Info Infrastructure boss David Goulden has given up the role of CFO for the whole EMC federation, belatedly discovering what most of us know already — being a chief exec is a full-time job. EMC uber-CEO Joe Tucci runs the EMC fed with three subsidiaries: VMware with CEO Pat Gelsinger; Pivotal with Paul Maritz running the …
Chris Mellor, 2 Oct 2014
Reddit on KitKat 4.4

Reddit trousers $50m to splash on ads, mobile and cash-generating staffers

Reddit has announced that it has managed to raise $50m in funding, which it plans to use to hire more staff, improve its mobile offering and, of course, make its ads better. The risqué blog also plans to give something back to the community of users, the ones who bring all the eyeballs to the site with their frequently …
Team Register, 1 Oct 2014

One million people have bonked on London public transport

It seems that travellers on the London Underground are much more likely to pay by bonk with their contactless credit card than those on the buses. On the first day of accepting contactless credit cards on the tube, TfL saw 128,000 journeys from over 600 of the 652 stations which take Oyster cards. That number has now reached …
Simon Rockman, 1 Oct 2014

Icahn and I DID: eBay volte-faces, spins PayPal into separate biz

eBay has spun off its PayPal subsidiary after months of telling “noisy” activist investor Carl Icahn to shut up about it because it would never happen. With absolutely no sense of irony or tip of the hat to Icahn whatsoever, the online tat bazaar’s chief John Donahoe said in a statement today that a strategic review of the board …
European Union Flag

It's official: EU chiefs WILL probe Apple's Irish tax deal

The European Commission officially announced today that it is looking into the possibility that Apple received illegal state aid from Ireland in 1991 and 2007. The Commish is examining whether deals done with the Irish tax authorities constitute state aid. Apple’s European arm is incorporated in Ireland and, like most …
Jennifer Baker, 30 Sep 2014

Payment security vastly improved when you DON'T ENTER your BANK DETAILS

Developments around "tokenisation" should help to “instil confidence in a payments environment challenged by more frequent data breaches” and fraud, according to a report released by the Federal Reserve Bank of Boston. The June 2014 report from the US Federal Reserve's Mobile Payments Industry Workgroup (MPIW), which was …
OUT-LAW.COM, 30 Sep 2014
Beautiful landscape picture of Kenya, with a man cycling past an acacia tree against a yellow sandy background

Kenyan court case could sound death knell for mobile money

Comment Kenya is pretty much the only place where mobile money works. Now, it seems, the banks want to wreck it. Vodafone-owned mobe operator Safaricom runs M-Pesa, the poster child for mobile payments. It has revolutionised the lives of people who were so poor that the banks were not interested in serving them. However, having become …
Simon Rockman, 29 Sep 2014

Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'

Worstall @ Weekend You can't have failed to notice those massed ranks of people stamping their feet and going blue in the face as they shout about how inequality is rising and something, anything, really must be done to stop it. However, you may not have noticed those arguing the opposite, that inequality is falling, which is why we should carry …
Tim Worstall, 28 Sep 2014
BlackBerry Passport

BlackBerry slowly pulls out of power dive into toilet

BlackBerry, which began its comeback in earnest this week with a bizarre new square smartphone, posted narrower losses on slightly lower revenue in the quarter ending 30 August. Its hardware division was back in the black after five quarters of losses. To see how far and how fast BlackBerry fell, see our analysis from earlier in …
Andrew Orlowski, 26 Sep 2014
apple logo

While you queued for an iPhone 6, Apple's Cook sold shares worth $35m

Apple CEO Tim Cook and four fellow Cupertino execs flogged a load of company stock worth $143m last week. According to a report from Barron's, the five top execs at the iThing giant dumped shares in a scheduled selloff, in the days following the launch of new iPhone 6. Barron's estimates that Cook's sale of 348,425 shares in …
Shaun Nichols, 26 Sep 2014
Doomsday clock

Federation fracture: EMC's post-Tucci future is either SALE or SPLIT

Comment Winter has come early for EMC, with hordes of barbarian activist investors pounding at the gates as CEO Joe Tucci's long reign comes to an end. Snowdrifts are building up against the boardroom's windows, blotting out the C-suite's previous sunny vista. One immediate example of EMC's fortunes changing is the reported collapse of …
Chris Mellor, 25 Sep 2014
Photographic plate image of the colliding galaxies NGC 6769, 6770, and 6771.

EMC, HP blockbuster Borg: Big potential or total CATASTROPHE?

Comment Amongst the storage cognoscenti on Twitter, there’s been quite a discussion about EMC and HP possibly merging, despite the recent reported collapse of talks on the issue. Most people seemed to be either negative or at best disbelieving that something like this would bring value or even happen. But from a technology point of …
StorageBod, 25 Sep 2014

AW, SNAP, Oracle. You've shrivelled up poor Larry Ellison's package even more

Oracle’s soon-to-be-ex-CEO Larry Ellison took home slightly less money in fiscal 2014 than the previous year, after some rumblings of criticism at the sizeable nature of his big package. The poor billionaire bagged just $67.3m in compensation, instead of the $78.4m he managed to make off with in fiscal 2013, a markdown of 15.5 …

Yahoo!... Our Alibaba stake's worth BILLIONS. Oh – our shares are in the toilet

Worstall on Wednesday So here's the little financial markets puzzler of the moment. Alibaba has launched that IPO, the stock has soared and Yahoo! has made a bundle. Jerry Yang's original investment of $1bn now looks like one of the great investment deals of all time. However, as the Alibaba stock price soared (from the $68 of the placing to some $99 …
Tim Worstall, 24 Sep 2014
Maybe it won't look like this

Move over, Apple Pay: Tesco trials PayQwiq phone-flash pay app

Supermarket, virtual mobile network and bank that is very bad at accounting Tesco has new way for you to pay for your box of Celebrations: a digital wallet called PayQwiq. The service, which uses QR codes, is being trialled in Farringdon, the nearest branch to Vulture Central and 15 other Express stores in London as well as 26 …
Simon Rockman, 24 Sep 2014
Ray Ozzie

Lotus Notes inventor Ozzie invents app to talk to people on your phone

Software guru Ray Ozzie, once billed as Microsoft’s “next Bill Gates” before he left Redmond, has risen once more – in startup mode. Lotus Notes inventor Ozzie, who left Microsoft in 2010 after four years as the giant's chief software visionary, took his new startup Talko public today. Ozzie has been working on Talko since 2012 …
Gavin Clarke, 23 Sep 2014

Phones 4u demise: 1,700 employees laid off with redundo package

The axe fell on nearly 1,700 jobs at Phones 4u last night, a little over a week after the High Street retailer went into administration. It brings the total number of staff laid off with redundancy packages so far to 2,325 – nearly half of the company's workers. The staffers had been based at 700 outlets, including 550 stores, …
Kelly Fiveash, 23 Sep 2014

Adobe swallows Aviary, hopes to stuff Creative Cloud into mobes

Adobe has gulped down editing app firm Aviary to beef up its mobile image-fiddling software with an eye on the professional crowd. Scott Preston, veep of the products community, said in a blog post that very little professional editing was done on mobile devices these days – and Adobe is hoping to change that. “While mobile has …

Hungry Brit giant Daisy Group extends D-day for buying consortium

The takeover saga at B2B tech and comms outfit Daisy Group looks set to rumble on for a bit longer yet after the London-listed biz again extended the deadline for a consortium of prospective buyers to prepare a bid. The Yorkshire-based firm last month received an approach to take the firm private from CEO Matthew Riley, backed …
Paul Kunert, 22 Sep 2014

Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes

When it comes to soundbites, Oracle chief executive Larry Ellison is a pro. Reporters show up not just to hear what he says, but how he says it. Bill Gates, Microsoft, SAP, IBM, cloud, yachting, his own phenomenal success – all have been subject to Ellison's barbs and meditations. Scheduled or off-the-cuff, his words turned a …
Gavin Clarke, 22 Sep 2014
Love

One-time direct sales giant Dell weds world's largest tech distie... in the UK

Privately owned Dell has finally tipped its cap in the direction of broadline distribution by hauling in Ingram Micro to carry its entire line card across Blighty. It is six-and-a-half years since Michael Dell reclaimed the CEO’s office and decided he actually needed the "middlemen", those he’d dismissed for decades, to help …
Paul Kunert, 22 Sep 2014
Joe Tucci EMC

EMC, HP blockbuster 'merger' shocker comes a cropper

+Comment EMC has been holding secret merger talks with HP that have since stalled, according to industry sources. The negotiations are said to have lasted almost 12 months, during which Dell executives mulled buying parts of EMC. But at the heart of the discussion was a proposed $132bn merger of the storage giant and HP, according to …
Chris Mellor, 22 Sep 2014
Rotten apple

Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst

Record iPhone 6 and iPhone 6 Plus sales trumpeted by Apple reveal very little about demand, says an analyst, this is because of the limited supplies of the mobes provided to stores in the initial few days. That's the conclusion of Barclay's Ben Reitzes, who said that while "response to the launch has been stronger than expected …
Team Register, 21 Sep 2014
Atmospheric snap of vultures silhouetted against a sunset on a wooden structure on the shore of a lake. (C) Jerry Rogers

Report: EE in talks to scoop up 60 Phones 4u stores from troubled High Street retailer

EE is reportedly the latest company to pick over the carcass of stricken British High Street mobile phone retailer Phones 4u, which fell into administration late last week. According to the Sunday Times (£), EE has until tonight to secure a deal to buy 60 stores from Phones 4u. The move comes after rival mobile network Vodafone …
Kelly Fiveash, 21 Sep 2014
Phones4u logo

Vodafone to buy 140 Phones 4u stores from stricken retailer

Vodafone has swooped on 140 Phones 4u stores just days after the retailer blamed the operator for contributing to its untimely demise when it slipped into administration late last Sunday. Administrator PwC said in a statement late on Friday that Voda had struck a deal with Phones 4u to re-brand the stores over the next few weeks …
Kelly Fiveash, 20 Sep 2014
Red Hat 100 Dollar

Red Hat to Wall Street: I came here to chew FeedHenry and kick some ass. And I'm all out of FeedHenry

Red Hat surprised analysts with very strong earnings for the second quarter of its fiscal 2015 on Thursday, even as the Linux vendor looked to enter the enterprise mobile apps market with a €63.5m ($82m) acquisition. The Wall Street wizards were expecting Red Hat to report revenues of $437.13m but it beat that figure handily, …
Neil McAllister, 19 Sep 2014
Oracle headquarters

First day of Hurd'n'Catz at Oracle: It's dis-fur-pointing for Wall St

Oracle posted results that missed analysts' expectations yet again on Thursday, in a Q1 2015 earnings report that was all but overshadowed by the unexpected news that Larry Ellison has stepped down as CEO. Revenues for the quarter were $8.60bn, a scant 2.68 per cent gain over the same period a year ago and below even the lowest …
Neil McAllister, 18 Sep 2014
Sony Xperia Nxt Series

Sony says year's losses will be FOUR TIMES DEEPER than thought

Sony shares dropped more than eight per cent today after the firm warned that it expects losses for this year to be four times as bad as it previously predicted. The Japanese company now reckons losses for the year to March will reach the dizzying heights of ¥230bn ($2.12bn) as its smartphone business suffers in comparison to …

Docker scores 40 MILLION greenbacks to pop business into boxes

Containerisation mavens Docker have scooped $40m in series C funding. Docker promotes a way of running applications inside portable “containers” that differ from virtual machines in that many can run on a single operating system. The likes of Google use containers at colossal scale and the concept has proven so compelling that …
Simon Sharwood, 16 Sep 2014
SUSE Cloud logo

SUSE Linux owner Attachmate gobbled by Micro Focus for $2.3bn

Attachmate, the software shop that headhunted Novell and SUSE Linux, is itself being bought out by Micro Focus International. The mainframe and COBOL specialist is acquiring Attachmate Group from its parent company Wizard in a deal calculated at $2.3bn before costs. Micro Focus is taking Attachmate Group in exchange for 86.60 …
Gavin Clarke, 16 Sep 2014
Phones4u logo

Phones 4u website DIES as wounded mobe retailer struggles to stay above water

Phones 4u's website is currently telling customers that it is unable to trade due to "the unexpected decision of EE and Vodafone to withdraw supply" from the retailer. It comes after the High Street firm, which has 550 stores throughout the UK and 5,596 employees on its books, confirmed late on Sunday that it had fallen into …
Kelly Fiveash, 15 Sep 2014
Sorry we're closed

Phones 4u slips into administration after EE cuts ties with Brit mobe retailer

Phones 4u fell into administration late on Sunday, after carrier EE cut its ties with the UK retailer. The company said in a statement that's EE's "unexpected" decision not to renew its contract with Phones 4u meant the High Street business would be without any mobile network partners. EE's withdrawal from that deal, which runs …
Kelly Fiveash, 14 Sep 2014
Lego Minecraft

Microsoft's rumoured $2.5bn Minecraft gobble expected on Monday

Microsoft is reportedly planning to spend $2.5bn on the rumoured buyout of Minecraft maker Mojang, with a deal speculatively set for Monday. As The Register noted earlier this week, such an acquisition would be the first big payout for new Redmond chief Satya Nadella. Reuters reported that Microsoft would scoop up the game …
Kelly Fiveash, 14 Sep 2014
Photo of a stack of $100 bills

Apple Pay is a tidy payday for Apple with 0.15% cut, sources say

Banks and credit card providers are paying a hefty price to be part of Apple's new Pay system, unveiled by boss Tim Cook earlier this week. According to the Financial Times, which cited two people familiar with the terms inked between Cupertino and interested parties, 15 cents of a $100 purchase will be pocketed by Apple. As …
Kelly Fiveash, 13 Sep 2014
Amazon founder and CEO Jeff Bezos

Slough isn't fit for humans now, says Amazon. We're going to Shoreditch

Amazon has decided to say goodbye to the dismal satellite town Slough and moved its British HQ to the heart of trendy Shoreditch. The giant etailer decided to leave the Slough of Despond after signing a deal with the developer Brookfield which will see it become the major tenant in the £500million Principal Place building, which …
Jasper Hamill, 12 Sep 2014
Larry Page's new yacht, 'Senses'

Hey, HP shareholders! Mike Lynch is set to buy a 180-foot superyacht with his Autonomy loot

Exclusive Mike Lynch, the man whose sale of software biz Autonomy to HP resulted in an $8.8bn writedown at the US titan and ongoing probes by the Serious Fraud Office, the US Justice Department and the SEC, is set to splash out some of his gains on an enormous yacht. Sources tell The Register that Lynch is engaged in purchasing a …
Paul Kunert, 12 Sep 2014