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iPhone that fell from 13,500 feet (source: CNN)

iPhone sales set to PLUMMET: Bleak times ahead for Apple

Tech analyst Ming-Chi Kuo has predicted Apple will face a grim start to 2015 with iPhone sales plummeting by up to a third. Kuo, of analyst outfit KGI Securities, has predicted that iPhone sales will surge ahead of Christmas, reaching a height of a total of 71.5 million units for the fourth quarter. Yet after the Christmas …
Jasper Hamill, 24 Nov 2014

Bubble-licious: Good times here again for UK tech startups – research

The level of venture capitalist (VC) investment being pumped into UK and Irish tech companies is now "reminiscent" of the early 2000s, with funding for the third quarter of 2014 double that of a year ago, according to research. In Q3, £363m was invested in in 88 deals worth more than £500,000, bringing the total for the year so …
Kat Hall, 24 Nov 2014

Gov.UK annual IT spend edges down... to £4.3 BEEELLION

Government IT costs edged down by 8.5 per cent across the nine biggest Whitehall spenders to £4.3bn for 2013/14 compared with the previous year. Back office systems account for the lion's share of running costs, with more than 80 per cent of IT budgets going on this area, according to El Reg's analysis of government spending …
Kat Hall, 24 Nov 2014
Regina Egbert, El Reg's virtual news anchor

NOW! It's news to us at Vulture Central

Vid Youtube Video The Reg serves up the highlights of this week with consummate ovoid avatar Regina Eggbert. This week, Regina fills us in on what's new with wearables, RBS's costly regulatory rap for 2012's massive IT meltdown and the crowdfunded British mission to the Moon. If you want more on this week's stories, click here, …

BIG FAT Lies: Porky Pies about obesity

Worstall @ the Weekend I often wonder why it is that people bother publishing “research” papers that are obviously incorrect. Is it that they're getting paid to spout bollocks? So who ate all of these? Tax payers mainly Or, is there some thought that we're all too stupid to realise that they're teabagging great big hairy ones at us? The latest …
Tim Worstall, 23 Nov 2014
Firefox ad 2nd St SF 2011

Mozilla remembers 2013. Y'know, back when it still gobbled at the Google money-trough

The Mozilla Foundation has released its annual financial statement for 2013, and the numbers raise important questions about Mozilla's future, now that it has ended its longstanding funding relationship with Google. Royalties paid by Google for queries from the Firefox browser's built-in search box have been the major source of …
Neil McAllister, 21 Nov 2014
grab_that_cash

We're not, er, 'cut-throat' capitalists – VC formerly known as ISIS

Not wanting to be confused with the vicious band of Middle Eastern warmongerers, ISIS Equity Partners has killed off its old brand, and is now answering the phones as Living Bridge. The name change was for fairly obvious reasons, as the venture capitalist doesn’t want to be associated with, er, blood-thirty, medieval cut-throats …
Paul Kunert, 21 Nov 2014
Fraud image

Comet’s might-have-been saviour 'not paying biz debts'

Clive Coombes, the man who tried and failed to save the Comet brand, appears to be struggling to keep his existing business Lewisons Wholesale (LS) afloat, with supplier debts now mounting. The electronics retailing entrepreneur had planned to buy the name of the once mighty High Street giant that went under in late 2012, but …
Paul Kunert, 20 Nov 2014

'Cleantech' a dirty word for VCs? RUBBISH!

Worstall on Wednesday Over at Bloomberg there's a piece bemoaning the fact that the big Venture Capital companies aren't investing in "cleantech". You know the sort of thing: climate change, biggest opportunity ever, why isn't private money getting involved, maybe the government will have to do everything, blather blather, et cetera. The problem with …
Tim Worstall, 19 Nov 2014

Keen to get CRITICAL PAYMENT systems up QUICKLY after HACK?

Restoring payment systems after disruptive cyber attacks could involve compromising analysis of incidents, says report A new report on cyber resilience in financial market infrastructures has highlighted potential conflicts between legal obligations on the reporting of cyber security or data breaches and the need to restore …
OUT-LAW.COM, 18 Nov 2014
QL launch: Micro Men style

UK urged to stop bigging up startups, feed 'growing' firms

The UK must stop obsessing over startups and instead channel its resources into growing companies, a wide-ranging report has said. Britain now starts more companies per head than the US, but has a lower proportion of businesses gradually scaling up to become large companies, compared with the US and other nations, said the …
Kat Hall, 18 Nov 2014
Taxi Driver

Now Uber can take EVERYONE for a ride

+Comment Casual car hire company Uber is teaming up with Spotify, ensuring neither your favourite musicians nor your driver get paid very much. "Uber users who link their Spotify account to their Uber account can push a button, get a ride and get in to the car their Spotify station is playing,” explained Travis Kalanick, Uber CEO. …
Andrew Orlowski, 17 Nov 2014

You know where Apple Pay is getting used a LOT? Yes - McDonalds

Half of all McDonald's US touch purchase transactions are now made using Apple Pay, the fast food giant has announced. You'd think Apple fans would be more likely to buy trendy organic nosh at Whole Foods than walk under the Golden Arches to buy a supersize meal. But the iColytes of Cupertino are seemingly willing to do both. …
Jasper Hamill, 17 Nov 2014

GT sapphire glaziers: You signed WHAT deal with Apple?

Worstall @ the Weekend It's been a terribly exciting few weeks, as we've seen GT Advanced Technologies (GTAT) stumble and crash headlong into bankruptcy protection. The more documents are released by the court the more we can find out about just how this happened. And the more we do see, the more we realise that what actually happened is the …
Tim Worstall, 16 Nov 2014

Mastercard and Visa to ERADICATE password authentication

Mastercard and Visa are removing the need for users to enter their passwords for identity confirmation as part of a revamp of the existing (oft-criticised) 3-D Secure scheme. The arrival of 3D Secure 2.0 next year will see the credit card giants moving away from the existing system of secondary static passwords to authorise …
John Leyden, 14 Nov 2014

Nokia: Buh-bye LUMIA and cash-sucking handset pals... LET'S MAKE SOME MONEY!

Nokia has raised its long-term profitability target and expects its new business of concentrating strictly on the telecoms equipment game to grow next year. The Finnish firm, which has focused on making telco gear and its intellectual property portfolio since ditching its handset unit earlier this year, said that strong demand …

Moshi Monsters' daddy Mind Candy: Falling sales, £2.2m loss...

Profits at Shoreditch darling Mandy Candy plunged into the red in 2013, with the company recording a £2.2m loss for the full-year 2013, compared with profits of £8m for 2012. During the same period revenue at the company - which has brought the world kiddy virtual-playland Moshi Monsters - fell by more than one-third to £22.19m …
Kat Hall, 14 Nov 2014
Prison window

Ha ha, fooled you! Shares tumble over G4S fake website profit warning

False rumours of a profit alert and executive dismissals put the skids under G4S shares on Wednesday. A bogus statement was emailed to journalists falsely stating that the security service firm had discovered accounting errors. The false warning (suggesting G4S profits would be restated) was sent out in an email containing a …
John Leyden, 13 Nov 2014
Fraud image

Don't like droopy results, NetApp? Develop server-side SAN

+Comment NetApp's second-quarter revenue number have confirmed its recent overall decline, with the storage and data management company trying to recover from several recent quarters of revenue falls. NetApp_Revenues_To_Q3fy2015 NetApp revenues to Q2 full year 2015 with polynomial trend line showing decline A curve showing a long …
Chris Mellor, 13 Nov 2014
Sky 3D football

Sky: We're no longer calling ourselves British. Yep. And Broadcasting can do one, too

BSkyB has ditched the words British and Broadcasting from its name, after the media and telecoms company completed its takeover of Sky Italia and Sky Deutschland yesterday. From now on, it will simply be known as Sky, but shareholders will be asked to approve the name switch at the firm's AGM on 21 November. Its company stock …
Kelly Fiveash, 13 Nov 2014
Cisco CEO John Chambers speaking at Cisco Live! 2014

Cisco ends Q1 an inch ahead of guidance

Cisco has farewelled its chief financial officer after announcing results that showed a still-beating heart somewhere in the giant switch market. Net income for the Borg's first quarter was reported at US$1.8 billion, on revenue of $12.2 billion, about US$40 million ahead of Wall Street's expectations. The company also announced …
Google UK office logos

Google will have to WAIT and SEE if I fine them - EU antitrust chief

New EU competition chief Margrethe Vestager has said that she won’t be rushed into a decision on Google's alleged abuse of its dominance of the search engine market. Vestager described the investigations into Google as “multifaceted and complex” and said she would need some time to decide on the next steps. The case against the …
Jennifer Baker, 12 Nov 2014
Mozilla Firefox Fox sitting down

Mozilla re-negotiates Google multi-million dollar sugar-daddy deal

Exclusive Mozilla is negotiating its multi-million-dollar sugar-daddy finance deal with Google to keep operating. The Firefox browser-maker is in talks with Google to extend an agreement that has funnelled millions of Mountain View dollars into the not-for-profit web idealist shop, The Reg has learned. Google is the default search …
Gavin Clarke, 12 Nov 2014

My HOUSE used to be a PUB: How to save the UK high street

Worstall on Wednesday Interesting news on the Blighty high street as Tesco continues to lose market share: now it has fallen behind Amazon as the retailer of choice for the sort of shiny-shiny we buy each other for Crimbo. Fruit and vegetables on display on the shelves of a supermarket Roomy fridge, isn't it? I think we'll put the kids' room here. …
Tim Worstall, 12 Nov 2014
Columns of coins in the cloud

Rackspace CEO Rhodes: Just months on the job and look at our swollen digits

Taylor Rhodes, the latest man to grab the CEO chair at Rackspace, must have, er, racked up the celebratory drinks last night as the hoster-come-cloud-flogger reported a comparatively decent set of Q3 fiscal ’15 financials. The Texan-based biz reported revenues of $460m, up 4.2 per on last quarter and 18.3 per cent higher than …
Paul Kunert, 11 Nov 2014

Bullish Vodafone barges back into UK consumer broadband market

Vodafone is plotting to re-enter the UK's competitive broadband market in 2015 – with a little help from arch enemy BT. The mobile operator said this morning that it would use the Cable & Wireless Worldwide network it bought in 2012 to tout its rival service at Brits. That acquisition gifted Voda with access to nearly 13,000 …
Kelly Fiveash, 11 Nov 2014

Are CSC's mega-costly NHS contracts finally turning a profit?

CSC's troubled billion-pound NHS contracts finally appear to be turning around, chief executive Mike Lawrie revealed in a conference call. However, it is unlikely the firm will ever recoup its money from the defunct systems, which have cost the company close to £2bn. In a conference call for CSC's second quarter earnings Mike …
Kat Hall, 11 Nov 2014
Vodafone UK booster brolly

Vodafone's 4G investment is beginning to pay off

What matters in results isn’t how good or bad they are, but how they compare with what lots of very highly paid people have been calculating they would be. This makes the Vodafone results for the six months to 30 September 2014 good. While the Earnings Before Tax, Depreciation and Amortisation (EBITDA) from-day-to-day business …
Simon Rockman, 11 Nov 2014
Pile of mobiles

Samsung, Vietnam in talks over another BEEELLION-DOLLAR mobe factory

Samsung Electronics has applied for a licence to open a new $3bn smartphone factory in northern Vietnam, near an existing facility. Sammy is planning to build the plant in Thai Nguyen province, where it already has a $2bn phone factory that it opened in March, Dau Tu newspaper originally reported. In an emailed statement, the …
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It's a bad day to be Serco's CEO... or an investor, come to that

Scandal-hit integrator Serco today issued its fourth profit warning of this fiscal and calendar year, confirmed a £1.5bn write-down and provision to cover to loss-making contracts and effectively exited private sector business process outsourcing. The financial markets reacted negatively, sending the company’s share price …
Paul Kunert, 10 Nov 2014

If only 0.006% care about BLOOD-SOAKED METAL ... why are we spending all this cash?

Worstall @ the Weekend As El Reg's official dodgy metals dealer, another tilt at the oh-so-fashionable concerns over conflict minerals and that “blood in the mobile” campaign. The essential point is that almost none of us seem to be very interested in the subject so why the hell are we spending billions of dollars on it? You can read past coverage of …
Tim Worstall, 9 Nov 2014
gTLD graphic

Newly public dot-dentist flogger Rightside's shares jump on strong domain sales

In its first earnings report since going public, domain-name specialist Rightside reported revenues of $48.8m, a 7 per cent revenue increase over the year-ago quarter, causing its shares to jump by 4.5 per cent. The company is now valued at $173m. Rightside is unique in the domain name industry in that it services every level of …

Revenue drops at IT giant CSC... 'Good progress' says chief

Revenue at CSC fell by 3.4 per cent to $3.08bn for the firm's second quarter as "transformation efforts" took hold at the IT giant. Meanwhile, operating income fell 3.3 per cent compared to the same period last year – to $340m. Half-year net income fell by $112m to $307m, compared with the first six months of 2013. Sales were …
Kat Hall, 7 Nov 2014
Doomsday clock

Tick-tock, CDW: Mega reseller has 30 months to buy the rest of Kelway

The clock is ticking for NASDAQ-listed CDW to hoover up the remaining share base of Kelway – or leave it for someone else to slurp. As revealed first by The Channel yesterday, the world’s largest tech reseller bought a 35 per cent stake in London-based Kelway in a deal that values the overall business at around £262m. Under the …
Paul Kunert, 7 Nov 2014
Tesla_roadster_900

High-end SAN clan Dot Hill outshone by software biz Veeam

Software-shipping upstart Veeam had results that seemingly far outshone those of old-school hardware OEM supplier Dot Hill. Dot Hill, which supplies disk arrays to its OEM customers, continued its tortoise-like crawl towards growth and profitability with another quarter exhibiting slow progress. Its third fiscal 2014 quarter …
Chris Mellor, 7 Nov 2014

Internet of ... cars? Auto infotainment systems boost Nvidia's Tegra biz

Another storming quarter for Nvidia saw the chipmaker surpass Wall Street's expectations for both revenue and earnings for the third quarter of its fiscal 2015. Nvidia posted revenues of $1.23bn for the three months ending on October 26, 2014, a 16 per cent increase over the same period a year ago and an 11 per cent increase …
Protect Your Bubble

TECH BUBBLE? No, no way, nope, says Silicon Valley investor

Web Summit Top tech investor and entrepreneur Peter Thiel has said there’s no bubble in tech, despite the billion-dollar valuations floating around for firms that haven’t seen a penny in profits. “I don’t really think that there’s a bubble ... Bubbles only happen when the public is involved, they’re a psychosocial event,” Thiel told the …

Bitcoin is GREAT and SAFE, says, er, the Bitcoin Foundation

Web Summit Bitcoin will have its biggest impact in unstable regimes and foreign currency transfers, according to the Bitcoin Foundation's chief scientist Gavin Andresen. Speaking at Web Summit 2014, the head boffin said the online virtual current offered a great way to sidestep unstable government-issued currencies when they were suffering …

PRE-SPLINTERED Symantec's Q2 revenue slips, net profit rises

Symantec has reported mixed second quarter results, with revenue down one per cent on the year, but net profit rising by the same amount. The company saw revenue of $1.62bn for its second fiscal 2015 quarter, compared with revenue of $1.64bn a year ago (a fall of one per cent), and $1.74bn in the previous quarter. Net profit of …
Chris Mellor, 6 Nov 2014

Lenovo still ‘not satisfied’ despite MEGA PROFIT rise

PC giant Lenovo continued its (slow) march toward world domination in the second quarter, as profits climbed a very healthy 19 per cent to $262m and revenue rose seven per cent to $10.5bn, compared with the same period last year. The Chinese computer tech company shipped a record amount of kit for the three months to September, …
Kat Hall, 6 Nov 2014

Trickle-down economics WORKS: SpaceShipTwo is a PRIME EXAMPLE

Worstall on Wednesday For the sake of my expenditure on blood pressure pills I really ought to stop reading those attempts The Guardian sometimes makes at making sense of matters economic. The latest cause of choler is Zoe Williams telling us all how Brit billionaire Richard Branson's space tourism (triggered, obviously, by the story of the very sad …
Tim Worstall, 5 Nov 2014

Brit telco goes shopping again, tosses Telindus UK into trolley

British telco telent has hoovered up troubled network service provider Telindus UK for an undisclosed sum, its second major acquisition this year, as market convergence moves gains pace with cloud seemingly the meeting point. This is the latest carve up of the Telindus Group, owned by Belgacom, with the Spanish and Irish ops …
Paul Kunert, 4 Nov 2014