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Qualcomm

Chipzilla of the mobile world Qualcomm wants to slurp Brit vendor CSR... for £1.6bn

UK Bluetooth specialist CSR looks set to wed Qualcomm Inc, after the mobile chip giant said it had agreed to buy the company for £1.6bn ($2.5bn). San Diego-based Qualcomm said that the acquisition would allow it to beef up the firm's Internet of Stuff and car entertainment businesses. The company's chief Steve Mollenkopf said …
Team Register, 15 Oct 2014

'Theoretical' Nobel economics explain WHY the tech industry's such a damned mess

Worstall on Wednesday Jean Tirole was this year's Nobel Laureate in Economics* and what the prize was awarded (in part) for should interest people around here. Tirole's work has often been about how this tech industry of ours works and what the hell anyone should be doing to try and regulate it – if, indeed, it should be regulated at all. This is …
Tim Worstall, 15 Oct 2014

NO MORE DOUBLE IRISH, thunders Dublin. Erm, from 2020 that is

The Irish Finance Minister announced the end of the "Double Irish" tax break in his budget speech on Tuesday. Tech giants such as Facebook, Google, Apple and LinkedIn have taken advantage of Ireland’s lenient tax set-up for decades. But due to external pressure from Brussels and elsewhere, the emerald isle will outlaw the …
Jennifer Baker, 14 Oct 2014
management consumerisation

Ingram UK basks in rosy glow of ... successful cost-cutting

Throwing costs overboard, smaller interest repayments and walking away from lower-margin business beautified Ingram Micro UK’s bottom line in calendar ’13, as its latest Companies House filing reveals. The Milton Keynes-based biz reported turnover of £968.5m, up 2.15 per cent, or 1.4 per cent when inter-group trade (£36.7m) was …
Paul Kunert, 14 Oct 2014
Magic Leap's mysterious tech for "cinematic reality"

Google tosses cash wad into $500m Magic Leap tin – report

Google is leading a sizeable funding round for mysterious “cinematic reality” firm Magic Leap, which is building hardware and software for what its chief exec describes as “the most natural and human-friendly wearable computing interface in the world”. Is this the mysterious tech of Magic Leap? Credit: Magic Leap website …
Satya Nadella

Nadella's Karmagate howler was response to MICROSOFT BOARD DIRECTOR – report

Satya Nadalla’s Karmagate will spark an examination at the highest levels within Microsoft of women’s pay and its corporate culture. That’s according to computer scientist Maria Klawe, the person whose softball questioning of Microsoft’s CEO at a women-in-tech event saw Nadella land himself in hot water last week. Klawe is …
Gavin Clarke, 13 Oct 2014
EE 4G banner

EE TV brings French broadband price war to the UK

While Vodafone is no stranger to TV in its territories and last week added the Netherlands to other locations where it offers TV, such as Spain and Germany, the move by EE in the UK seems a far more serious one. It is an offer that bundles free TV with a broadband order, just like the four French Telcos – Orange, Free, SFR and …
Faultline, 13 Oct 2014

Beardie Branson backs Blockchain's Bitcoin bandwagon

British business beardie Richard Branson has invested in Blockchain. Not the Bitcoin ledger, but a custom Bitcoin wallet that functions through an iOS app. The blockchain, in Bitcoin terms, is the master ledger of all Bitcoin transactions. For all the brouhaha about Bitcoin being anonymous, the blockchain is downloaded – and …
Simon Rockman, 10 Oct 2014

Breaking news: Man with Apple shares really wishes they were worth even more

Apple's $603,580,000,000 market cap – the largest ever in history – isn't big enough for Carl Icahn. The activist investor said Thursday that Apple is UNDERVALUED, and CEO Tim Cook should do more to massively increase the stock price. Icahn, who owns 53 million shares in Apple, thinks the $101 stock price is too low, and he has …
Shaun Nichols, 9 Oct 2014
Vulture

Activist investors DESTROY COMPANIES. Don't get me started on share dealings...

Comment Public companies have four groups of stakeholders: shareholders; execs paid with share performance in mind; other workers; and their customers. Shareholders and share value-incentivised execs are ripping the heart out of many public companies, siphoning off their wealth, going for short-term in favour of long-term interests, and …
Chris Mellor, 9 Oct 2014
Fight sticker

Toys fly from prams as HP rivals stoke FUD fires on its split

It's handbags at dawn in the PC market as rivals round on HP in a bid to sow the seeds of fear, uncertainty and doubt regarding the corporation’s plan to split the business in two. As world + dog knows, the Palo Alto titan is to create HP Inc to house its computer and printing businesses, and Hewlett Packard Enterprise to sell …
Paul Kunert, 9 Oct 2014

HTC débuts Desire Eye, 'GoPro-slapper' RE digital snapper

HTC doesn’t reckon it needs any funding next year or even the one after that, according to its chief financial officer, who spoke at the launch of HTC's Desire Eye, a new Android phone with a 13MP camera for "selfies". Chialin Chang told Reuters that the Taiwanese firm has no debt, $1.7bn in cash and isn’t worried about tapping …

Apple and GT: Sapphire glass is cracked, but still not broken

Apple's use of the legendary tough and durable sapphire glass in its equally legendary products hangs in the balance following the collapse of its main supplier. GT Advanced Technologies filed for bankruptcy protection on Monday, causing its share price to crash and burn — falling by 93 per cent to a measly 80 cents. Now …
Jasper Hamill, 8 Oct 2014

Yes. Economists DO love MAGICAL, lovely HUMAN SELFISHNESS...

Worstall on Wednesday Over the weekend we were treated to the quite startling news that economists think that selfishness is just great. TheOtherHobbes had this to say in the comments section of a Reg opinion piece about consumerism: Economists actually believe – no really, they do – that if you allow people to be selfish then everything magically …
Tim Worstall, 8 Oct 2014
Sorry we're closed

Nokia's ENORMO factory in India axed after Microsoft-shaped hole appears in order book

Finland's Nokia says it is shutting down its massive mobile phone factory in Chennai, India, now that Microsoft has terminated its manufacturing contract with the firm. The Chennai facility has had a troubled history, owing to a protracted tax dispute with the Indian government that led authorities to freeze its assets. Nokia's …
management cloud2

Leading like Mad Leo: HP's Whitman rolls out Apotheker's PC plan

There’s something in the water at Hewlett-Packard. No, I’m not referring to the "HP Way", that pseudo-Victorian philanthropic work creed. It’s the propensity for those running this tech giant to make really big bets — multi-billion-dollar rolls of the dice have become standard operating procedure. Three of HP’s most recent …
Gavin Clarke, 7 Oct 2014
Euro notes

EU competition chief goes after Amazon’s delux Lux tax deal

Europe’s outgoing competition commissioner, Joaquin Almunia, confirmed on Tuesday that he has launched an investigation into Amazon’s tax dealings in Luxembourg despite his imminent departure of his post. Almunia, who is due to leave office at the end of this month when his replacement, Margrethe Vestager, comes in, recently …
Fraud image

BIG trouble in Big China: Samsung cops it RIGHT in the wallet

Analysis Competition from Chinese smartphone makers has mashed Samsung's China sales, resulting in a warning from the Korean company that its third quarter earnings would drop by 60 per cent when compared with the previous year. We’ve seen how Xiaomi, whose CEO fashions himself on Steve Jobs, is more of a threat to Samsung than Apple. …
Simon Rockman, 7 Oct 2014

How much is Microsoft earning from its Android taxes again?

Analysis We’ve known for years that Microsoft makes more money from Google’s Android than Google does itself – but now we have a better idea of how much hidden “tax” is included in the price of an Android handset. That’s because Samsung and Microsoft have fallen out, and Redmond’s lawsuit sheds light on the secretive world of patent …
Apple's new Cupertino campus – floor plan

APPLE still building fanbois CULT HQ in Cupertino, it seems

The new Apple Fruit Loop HQ is taking shape, with the foundations laid and the building now resembling the ruined monolithic gathering place of a once mighty Pagan cult. Which, of course, is kind of what the Apple Campus II will be when completed. Inside will burn the eternal flame of Steve Jobs, stoked by the whispy dreams of …
Jasper Hamill, 7 Oct 2014
Apple Watch

'Apple Watch' sapphire glass maker files for bankruptcy protection

The firm which was rumoured to have been manufacturing sapphire glass for Apple's upcoming smartwatch has filed for bankruptcy protection. Sources had been whispering that Apple was planning to use the scratch-resistant material for the screens on the Apple Watch and forthcoming models of the iPhone. GT Technologies filed for …
Jasper Hamill, 6 Oct 2014
HP CEO Meg Whitman

Meg Whitman: The lady IS for TURNING. HP to lob printers'n'PCs OVERBOARD

HP has confirmed the industry’s worst kept secret – since yesterday anyway – that it is to carve the business in two, with printers and PCs on one side and all things enterprise on the other. This is a massive U-turn by CEO Meg Whitman, who has claimed repeatedly the organisation would not be split – as had been imagined by her …
Paul Kunert, 6 Oct 2014
Snapchat logo

Yahoo close to investing $20m in disappearing chat app Snapchat

Yahoo! is close to a deal where it would invest $20m of its Alibaba pot in startup Snapchat, valuing the IM service at around $10bn, according to reports. The Wall Street Journal and the Financial Times said that familiar people had told them that Yahoo! had started negotiations with the idea of investing up to $50m, but that …
Zuckerberg new news feed

SHOW ME the MONEY: Payment code spied in Facebook Messenger

Peer-to-Peer (P2P) payments code has been spotted in Facebook's Messenger app by Andrew Aude, a Stanford student: but the massive advertising company has refused to confirm it's working on payments technology. "We don’t comment on rumour or speculation," a spokesman at the free content ad network told The Register when quizzed …
Kelly Fiveash, 6 Oct 2014

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