+CommentHyper-converged infrastructure appliance vendor SimpliVity is working with Morgan Stanley to get more private funding and to launch an IPO possibly in 2017. It has also laid people off. SimpliVity has been making cuts while looking for $100m in extra cash, a source familiar with the matter has told The Register. We have seen …

Barracuda Networks, with its back against the wall after a string of poor quarters and collapsing stock price, is reportedly looking for a buyer. According to Bloomberg, Barracuda engaged with Morgan Stanley to look for a buyer some months ago. The company provides data protection and security products for small and medium …

The Morgan Stanley staffer fired in January over a massive data breach has now entered a guilty plea in the Federal Court in Manhattan. Galen Marsh was being tried for taking hundreds of thousands of records of the bank's wealth management operation home. Some of the trove, affecting 900 individuals, then ended up on Pastebin …

It took a $70m golden hello to entice Ruth Porat – Google's new chief financial officer – away from her role at Morgan Stanley. According to a filing with the US Securities and Exchange Commission, the material terms of Ruth Porat's offer letter included not only an annual base salary of $650,000, but also a set of three …

Google have announced that Ruth Porat, currently Chief Financial Officer at Morgan Stanley, will be joining the Mountain View management team as CFO. Current CFO Patrick Pichette announced his retirement to go backpacking earlier this month. Google stated that he would be staying on board to "ensure an orderly transition, …

Morgan Stanley has confirmed it sacked one of its financial advisers after he allegedly stole confidential data on up to 350,000 clients – information which then appeared online. According to the New York Times, in mid-December Morgan Stanley found on Pastebin sensitive information regarding 1,200 accounts belonging to 900 …

Morgan Stanley has lowered its view on all internet company stocks from "attractive" to just "in-line", warning that sector has to show some more growth if it wants to justify current valuations on shares. In a research note to clients, analysts said that investors had been looking at the total addressable market (TAM) …

Morgan Stanley has been fined $5m for allegedly coaching Facebook on how to selectively release its financial information before its market debut. The lead underwriter for Facebook's IPO has settled with the Massachusetts securities regulator, William Galvin, neither admitting or denying the allegations. The banks that …

Global financial services firm Morgan Stanley is trying to get its name removed from the securities case of a New Jersey widow who lost her life savings in the Facebook IPOcalypse. Uma Swaminathan filed an arbitration complaint with the Financial Industry Regulatory Authority (FINRA) looking for $1.9m compensation for the …

Australia’s biggest independently owned mobile phone, internet and telecommunications retailer has been left in the cold after negotiations to renew a ten year retail contract with Optus unexpectedly stalled. Optus yesterday revealed that it was revising its retail strategy and opening 33 new retail outlets. In pursuit of …

Reuters is airing accusations which, if true, would cast the Facebook IPO process in a very poor light indeed. The news service claims that underwriters Morgan Stanley cut its revenue forecasts for The Social NetworkTM but withheld the information from all but a privileged few. The allegations are detailed in this Reuters …

Kesa Electricals – the owner of Comet – has seen its shares jump almost 8 per cent today, on rumours that it may close the UK chain Comet and return to its roots in France. Kesa said last week that UK trading had been poor, while French revenue, through the Darty chain, was up 5 per cent despite the downturn. Group like-for- …

Dixons' best chance of surviving is to close its UK business and concentrate on its Scandinavian business. The cold-hearted claim comes from Morgan Stanley, which studied UK electrical retailing and found the whole sector is making losses. The analysts reckon there is more than 25 million feet 2 of selling space, but a serious …

Forbes has bagged an interview with the "teenage girl" who supposedly played a key role in hacking security firm HBGary on behalf of Anonymous. HBGary Federal earned the enmity of the loosely knit hacker collective by threatening to expose its membership at the B-Sides security conference last month. The security consultancy …

Chinese telecommunications-kit giant Huawei has failed to find a buyer for its handset division, with the state of world markets being blamed for all but two bidders pulling out. Back in May the company decided to sell off control of its handset division, and hired Morgan Stanley to find a buyer for a majority-shareholding in …

After Barclays customers suffered serious login problems earlier this week, Barclaycard customers are now struggling to use their online service. Problems at the credit card provider began last week with its online system crippled in a two-day total outage, and the login for cardholders is still having difficulties. Many …

Ofcom, the UK regulator, has appointed the investment bank Morgan Stanley to promote international interest in the digital dividend, ahead of the auction planned for 18 months' time. The bank won the contract on the grounds of their contacts at telecoms companies in the US and Asia, who might be encouraged to snap up a chunk …