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Cyanogen

Microsoft 'showers gold' on anti-Google Cyanogen and its Android alternative

Microsoft will invest in alternative Android firmware startup Cyanogen, a report claims. Citing anonymous sources, the Wall Street Journal reported on Thursday that Microsoft is slated to become a minority investor in an approximately $70m funding round that will see Cyanogen valued "in the high hundreds of millions." The …
Neil McAllister, 29 Jan 2015

EMC reports mixed results, fingers axe: 'Reduction in force' planned

+Comment Storage giant EMC has announced its plans to lay off an unspecified number of staffers in Q1 and said in an SEC filing that it would record restructuring charges in the range of $130m to $150m. In the final few months of last year, EMC increased its revenues by $1bn, quarter on quarter, with Pivotal and VMware growing strongly, …
Chris Mellor, 29 Jan 2015

Cloud storage upstart boasts of swollen biz, hires the CFO who sold Archivas

Comment Cloud storage gateway startup Nasuni reports that it experienced 300 per cent growth in 2014* and has just recruited a CFO who helped sell the founder's previous company – Archivas – to HDS for $127m in 2007. Nasuni has recruited Scott Dussault to be its combined CFO and COO, saying he's experienced at scaling a company for fast …
Chris Mellor, 29 Jan 2015
Stormy Dover. Pic: Phil Houghton

CommVault CEO: Quick, throw me some more sales reps

Data protection and archiving vendor CommVault is in a profits hole and management hasn't been able to stop digging yet. Profits of just $3m in its third full-year 2015 quarter were only two per cent of revenues, after being 4.3 per cent in the previous quarter and five per cent a year ago, when revenues of $153.3m were slightly …
Chris Mellor, 29 Jan 2015
axe_channel_teaser

Citrix: Hmmm, profit down 30%? Right. 900 HEADS WILL ROLL

Hundreds of workers at Citrix Systems are to be shown the door to counter nose-diving profit and boost the R&D pot. The purveyor of virtualisation, networking and cloud infrastructure stuff last night rolled out results for the three months ended 31 December and sales were up six per cent to $851m – analysts had forecast $844.3m …

Shouty investor Elliott looms over software veteran Informatica

+Comment Elliott Management, the activist investor with its hooks into EMC, appears to have settled on Informatica as its next likely target for shareholder gains glory. It's the usual deal of building a holding (eight per cent in this case), analysing the company's business, speaking to the board, and then writing a letter to management …
Chris Mellor, 29 Jan 2015
Barack Obama in the Oval Office

Revenues dip at CGI Group: It was Obamacare that did it

Revenue at Canadian outsourcer CGI Group dipped by four per cent in the first quarter of 2015 to $2.5bn (£1.7bn), compared with the same period in 2014. Meanwhile earnings rose by 24 per cent to $236m (£156m). CGI attributed its first-quarter revenue drop to a one-off spike from its Obamacare IT contract last year. The contract …
Kat Hall, 29 Jan 2015
Angry old man

Your gran and her cronies are 'embracing online banking' – study

Online banking has seen a boom among the older generation, with nearly 2.3 million aged between 70 and over 100 years old now using internet banking, according to figures compiled by the British Bankers’ Association (BBA). The BBA said more than 450,000 customers over the age of 60 are using banking apps on smart phones, iPads …
OUT-LAW.COM, 29 Jan 2015

Does Big Tech hire white boys ahead of more skilled black people and/or women?

Worstall on Weds (on Thurs) I've been watching with some amusement a little story about Pinterest noting that it's got a user base that leans heavily female. It's doing the rounds as the company thinks, well, it would be nice to be stuffing men full of ads as well (when it actually starts slinging ads) so, umm, why don't we go out and try and find some …
Tim Worstall, 29 Jan 2015

Facebook's mobile ad bonanza brought it record returns in 2014

Facebook finished the best quarter and the best year of its history on December 31, with its latest earnings report showing record annual revenues of $12.47bn for its fiscal 2014, up 58 per cent from 2013's haul. Revenues for the fourth quarter were $3.85bn, a 49 per cent increase over the same period a year ago. That figure …
Neil McAllister, 29 Jan 2015
Qualcomm

Qualcomm Snapdragon 810 CPU dumped from flagship smartphone

Qualcomm reported record revenues for the first quarter of its fiscal 2015 on Wednesday, but the mobile chipmaker warned investors that it's still struggling to make headway in the all-important China market. The San Diego, California company reported net income of $1.97bn for the three months ending on December 28, which beat …
Neil McAllister, 28 Jan 2015
Bloody Serial Killer Shower Curtain

Juniper in the red as product biz bleeds sales in 'challenging' Q4

Troubled tech plumber Juniper Networks ended 2014 on a low as it swung into loss, and reported declining product sales, with the security portfolio looking particularly unloved by customers. The New York-listed maker of switches and routers last night reported sinking revenues of $1.1bn for calendar Q4, down 13.4 per cent year- …
Paul Kunert, 28 Jan 2015

Spinning rust into gold: WD profit grows ... though sales dip

+Comment Western Digital sold 61 million drives in its latest quarter, 2.1 million less than a year ago, but made $30m more profit, and it out-shipped and out-earned rival Seagate – CEO Steve Milligan's men must have ear-to-ear grins on their faces. The company’s revenues, including its WD and HGST operations, for Q2 in its fiscal 2015 ( …
Chris Mellor, 28 Jan 2015

Hungry UK IT biz, VC firm to swallow former Ericsson arm Damovo – sources

Privately owned Daisy Group is very close to making the British arm of comms integrator Damovo its 47th conquest, sources are telling us. Lancashire-based Daisy pulled its shares off AIM last week and will next month take delivery of a new chief exec in the shape of outgoing Computacenter UK managing director Neil Muller. A " …
Paul Kunert, 28 Jan 2015

Five years of Sun software under Oracle: Were the critics right?

Oracle-Sun anniversary Back in 2010, critics worried that Sun Microsystems' software portfolio would wither on the vine once Oracle got its hands on it. Five years on and the worst fears have proven baseless, yet former Sun diehards have had plenty to be disappointed about since Larry Ellison & Co gobbled the former server heavyweight. Although Sun …
Neil McAllister, 28 Jan 2015
big droplets falling from rain cloud

VMware cracks US$6bn for the year, says SaaS will slow growth

VMware today used its Q4 2014 earnings call to warn its revenue growth will slow because it's doing so well in the cloud. The overall picture is rosy for VMware, which announced a US$1,703 million quarter and $6.03 billion dollar year, up 15 per cent and 16 per cent respectively on the corresponding periods from 2013. Other …
Simon Sharwood, 28 Jan 2015
Yahoo!'s Q4 2014 earnings conference call

Yahoo's! Mayer!: We'll! spin! off! $40bn! Alibaba! stake! and! pay! ZERO! tax! on! it! Ha!

Yahoo! has announced plans to sell off all of its remaining stake in Chinese online giant Alibaba, even as its latest earnings report shows a company struggling to pull in revenue on its own. The Purple Palace said on Tuesday that it will spin off all of its remaining holdings in Alibaba – some 384 million shares worth an …
Neil McAllister, 28 Jan 2015

Wall St wolves tear chunk off Microsoft: There goes $30bn!

The morning after Microsoft published its second quarter figures, its share price tumbled 10 per cent as markets opened in New York – wiping $30bn off its value. Never mind the 3D goggles announced a few days before: a brace of Wall St analysts have cut their estimates and ratings for the software giant. The Street has talked …
Gavin Clarke, 27 Jan 2015
No Sale

PwC: Forget margin, tech biz, HUSTLE for that SALE

The phrase "turnover is vanity, profit is sanity" apparently does not apply to the tech sector, with PwC advising companies this year to focus on revenue growth above margins and "yield maximum shareholder value". According to the report 2015 Technology Industry Trends this is particularly important in a "volatile market", which …
Kat Hall, 27 Jan 2015
Allows signals to reack those difficult places

Post-modem Ericsson wobbles thanks to flat sales and falling profits

Ericsson's flat sales last year were the result of its disappointing fourth quarter, especially in America, its latest financial results show. The Swedish company is still the biggest supplier of mobile network infrastructure in the world, and in the fourth quarter it saw strong sales growth in the Middle East, Asia and Europe …
Simon Rockman, 27 Jan 2015

There's life after Oracle, but very little left in Oracle's reseller channel

Oracle-Sun anniversary A headstone in Santa Clara carries the names of the fallen in Sun Microsystems’ once illustrious reseller channel – it is five years this week since grim reaper Oracle bought the server giant. It’s not that these companies hit the wall, more that some realised quickly that an agreement with Larry’s lot wasn’t going to work out …
Paul Kunert, 27 Jan 2015
Microsoft campus

Microsoft brings SUNSHINE – but it's a CLOUDY DAY

Microsoft posted another quarter of respectable results on Monday, matching analysts' earnings estimates and slightly outperforming on revenue, but its strong showing couldn't disguise the continued shakiness in its core software business. The software giant reported total revenues of $26.47bn for the second quarter of its …
Neil McAllister, 26 Jan 2015

Shareholders pen outraged letter about Ellison's bulging package

Oracle and its founder Larry Ellison are facing fresh calls from shareholders to change the company's high compensation structure for executives, and stop ignoring requests to communicate with directors. Dutch and UK shareholder groups PGGM and Railways Pension Trustee Company Limited have more than 2.8 million members and $ …
Kat Hall, 26 Jan 2015
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