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Preview: The Register - Business: Financial News

The Register - Business: Financial News

Biting the hand that feeds IT

Copyright: Copyright 2016, Situation Publishing

Oracle execs get that shrinking feeling

Sat, 24 Sep 2016 13:39:26 GMT

Larry, Mark and Safra's pay packet $46.5m lighter in fiscal '16

It still pays to run Oracle, just not as much as it used to - top executives’ packages shrank by double digits in fiscal ’16 as the software titan continued to desperately seek out cloud business.…

Virgin Media costs balloon by MEEELLIONS in wake of Brexit

Thu, 22 Sep 2016 08:35:08 GMT

Staffer also asks: Why is Richard Branson still in our ads?

Exclusive Costs at Virgin Media have so far risen by £7m this year following Brexit, due to increased import costs, the company revealed in a Q&A with staff this week seen by The Register.…

Financial Conduct Authority: No need to look any closer at insurers’ use of Big Data

Wed, 21 Sep 2016 16:09:12 GMT

We asked them and they said it's all good, so we're happy

The Financial Conduct Authority has said there’s no need to launch a full market study into insurers’ use of big data, despite concerns that insurers' could be using to charge consumers more.…

HPE sells off 'non-core' software assets

Wed, 21 Sep 2016 14:07:10 GMT

HPE asset disposals exercise - to possibly prep for an acquisition?

Comment On the day the Dell/EMC acquisition/merger completed, HPE announced it was selling off a load of non-core software assets in a “spin-off” merger with UK’s Micro Focus.…

Hewlett Packard Enterprise bigwig chuckles at talk of buyout talks

Wed, 21 Sep 2016 10:52:06 GMT

Trimmed down biz 'possible' target for Dell, Cisco, Lenovo, Huawei and private equity

The number two at Hewlett Packard Enterprise has brushed off talk the slimmed-down organisation could be vulnerable to a takeover, as the company is again linked with “possible” buyers - this time around Huawei, Lenovo, Oracle, Cisco and, er, Dell.…

Google buys startup biz, slurps up its NLP brains

Tue, 20 Sep 2016 14:23:09 GMT

Nah, not that neuro-bollocks – natural language processing

Google have snapped up API.AI, a Silicon Valley startup specialising in building tools for natural language understanding in mobiles, web applications and devices.…

We read Nutanix's homework... and the numbers look good

Tue, 20 Sep 2016 13:41:06 GMT

Pre-IPO HCI startup's promising biz growth foundation

Analysis Nutanix has filed an amended S1 IPO form with the SEC and data within it shows a strongly growing business well-set for an IPO if the financial environment is supportive.…

Three outsources staff to Capita

Tue, 20 Sep 2016 13:19:12 GMT

Merry Christmas and a Happy... Oh

Staff at Three are poised to receive a very early Christmas present - in the form of a Transfer of Undertakings Protection of Employment notice to everyone's favourite outsourcer Capita.…

Non-big IT vendors: Trying to understand where startups fit in tech

Mon, 19 Sep 2016 08:09:11 GMT

Part one: Who are you calling an upstart?

Sysadmin blog Are startups to be avoided? You'll get different answers depending on who you talk to, but the arguments have relevance for the virtualization and storage markets as, today, most of the innovation is occurring with startups.…

Mirantis grabs Kubernetes maestro to orchestrate OpenStack inversion

Thu, 15 Sep 2016 16:03:11 GMT

TCP Cloud brings AWS-industrial scale to microservices management

Mirantis has bought a Kubernetes master to fulfil its common goal with Intel and Google: to wrap up OpenStack for micro services.…

Elastic acquires predictive analytics firm

Thu, 15 Sep 2016 15:01:08 GMT

Buy Prelert, the world needs... um

Elastic, the company behind Elasticsearch, has acquired behavioural analytics biz Prelert.…

British mobile AI 'bot perfecter stalked by Silicon Valley – report

Thu, 15 Sep 2016 12:02:10 GMT rumoured to be AI tech target

British AI startup,, is the latest company rumoured to be snatched up by a US tech firm in Silicon Valley, according to the Financial Times.…

Straight outta Staines: Attenda has finally been sold... to US biz Ensono

Tue, 13 Sep 2016 14:53:13 GMT

We called it

The Staines-based managed service provider Attenda has been sold to Ensono, and we called it.…

Microsoft leads group pelting 'heavy duty' robot maker with $10.5m

Tue, 13 Sep 2016 13:10:02 GMT

Sarcos swaps cash for 4 board spots... that's going to end well

RotM Sarcos Robotics has received $10.5m in investment from Microsoft, Caterpillar and other backers.…

Brexit makes life harder for an Internet of Things startup

Mon, 12 Sep 2016 09:36:08 GMT

What's going to happen with the CE mark for 'leccy goods?

At about the time when my startup will be wanting to sell to the EU at scale, Brexit may make 80 per cent of that market harder (more expensive) to reach.…

Investors resist Larry Ellison's $9.3bn NetSuite deal

Thu, 08 Sep 2016 15:12:11 GMT

'Unique' relationship with big shareholder questioned

Influential investors are opposing NetSuite’s $9.3bn acquisition by Oracle for selling their firm short.…

Little boxes made of ticky-tacky: What Dell's record-busting $67bn EMC deal means

Thu, 08 Sep 2016 11:34:12 GMT

Engineered, er, systems for, you know, 'stuff'

Dell’s acquisition of EMC is large by several measures: a $67bn purchase price – the most ever paid in tech.…

Brexit? We have heard of this, says Dixons Carphone CEO

Thu, 08 Sep 2016 09:35:50 GMT

'No detectable impact' on consumer cash splash after vote to leave EU

The UK's vote to leave the European Union has not dampened UK shoppers’ gadget lust, according to Dixons Carphone, which has reported a four per cent year-on-year hike in Q1 sales for the 13 weeks ended 30 July.…

EMC/Dell deal respectfully caps the minicomputer age

Wed, 07 Sep 2016 13:09:53 GMT

The legacies of Wang, Prime, DEC and Data General live on in mega-deal

Over the years I've followed EMC, executives have told me that cloudfather Joe Tucci would sometimes gaze out of his office window at the company's Hopkinton headquarters and ponder the company's place as the last surviving Massachusetts technology giant.…

My Dell merger wish list

Wed, 07 Sep 2016 11:29:05 GMT

I want geeks, the future and a pony

Sysadmin Blog It's merger day, it's merger day! Everyone please crank out a pile of speculation, research, facts, and innuendo about Dell, EMC, VMware and the ever important "what it all means". We will watch and participate as the entire internet completely overloads everyone's signal-to-noise filters by bombarding them with unprecedented levels of contradictory bullshit – rendering the topic meaningless.…

What's Dell brewing the day before its EMC mega-slurp? A latte money? Oh, a flat white

Tue, 06 Sep 2016 23:57:44 GMT

Hopefully new biz has better luck than current one

Dell has reported near-flat revenues for its second quarter of the year, up just 1 per cent from its position 12 months ago.…

GE runs off $1.4bn, hands it to two 3D printing firms

Tue, 06 Sep 2016 15:38:08 GMT

Powdered metal is big business

GE, the US industrial jack-of-all-trades, has pledged to invest a whopping $1.4bn in two 3D printing suppliers to boost materials science and improve manufacturing capabilities.…

Intel adds vision to its AI vision with computer vision firm buyout

Tue, 06 Sep 2016 12:22:13 GMT

Eyes up Movidius, reaches for its wallet

Intel is not just content to build the silicon brains that will power the Rise of the Machines – it is bidding to own their eyes too, with the acquisition of computer vision developer Movidius.…

HSBC: How will we verify business banking customers? Selfies!

Mon, 05 Sep 2016 14:28:43 GMT

Nothing says business like... oh, hang on

UK bank HSBC will allow business customers to open new bank accounts using selfies as part of plans to simplify its application process.…

Japan's Brexit warning casts shadow over Softbank ARM promises

Mon, 05 Sep 2016 11:28:08 GMT

Japanese companies are unhappy ... but what about Japanese-owned firms?

Japan fired a shot across Britain's bows at the G20 yesterday, publishing a “message to the United Kingdom” warning that Japanese companies might relocate their head offices out of the UK if Brexit trade negotiations with the EU don't favour them.…

O2: Float or flog. What's it going to be, Telefonica?

Mon, 05 Sep 2016 10:34:05 GMT

Forced to find funds for €50bn deficit

Spanish telco Telefonica has indicated it could soon hold an IPO of O2 in order to raise funds to pay off debt.…

Hewlett Packard Enterprise in talks to offload software, asking for '$8bn to $10bn'

Fri, 02 Sep 2016 12:02:08 GMT

Nearly as much as we paid for Autonomy... badoom tish

The breakup of Hewlett Packard Enterprise is set to continue with execs locked in talks to offload the software division to private equity biz Thomas Bravo. The asking price is said to be $8bn to $10bn.…

Deal delays and exchange rate woes batter Salesforce

Thu, 01 Sep 2016 11:20:32 GMT

Going soft in the USA

Salesforce has blamed currency fluctuations and deferred deals in the US for hitting its business.…

Tim Cook: EU lied about Apple taxes. Watch out Ireland, this is a coup!

Thu, 01 Sep 2016 10:13:25 GMT

The EU's coming for your government, froths tech titan

Apple’s chief executive Tim Cook has claimed that the European Commission made up its claims about the business’ tax payments in Ireland.…

Cisco is the new container for ContainerX

Wed, 31 Aug 2016 06:05:13 GMT

Upstart start-up assimilated into cloud biz

The container market just got a new 900-pound gorilla: Switchzilla has landed in the segment with its acquisition of eighteen-month-old ContainerX.…

Uber lost $7m a DAY in the first half of this year

Fri, 26 Aug 2016 14:04:12 GMT

Disruptive innovation for the bank balance

Casual-labour powered carpool dispatcher Uber lost $1.27bn in the first half of 2016, or almost $7m a day. And the losses are increasing.…

Brocade broadcasts financial success. Well, if you call an 89% profit drop 'success'

Fri, 26 Aug 2016 11:28:08 GMT

Better than expected, though Fibre Channel is faltering

Helped by two months of Ruckus Wireless ownership, Brocade's revenues for the third quarter of fiscal year 2016 were up seven per cent annually to $591m, a 13 per cent quarter-on-quarter increase.…

Corporates ARE sniffing around Windows 10, says Computacenter

Fri, 26 Aug 2016 10:07:11 GMT

Half-yearly results lets them punt unloved OS again

Bulky corporate enterprise punters are starting to fall for the, ahem, charms of Windows 10, Computacenter's chief executive claimed today as he flashed his firm’s calendar first half-year trading figures.…

Pure Storage notches up a 93 per cent growth rate. Not bad, not bad

Fri, 26 Aug 2016 09:42:03 GMT

They're still losing tens of millions, though

Pure Storage grew revenues 93 per per cent year-on-year in its second fiscal 2017 quarter to a record $163.2m, achieving an annual run rate of $650m; the billion looks attainable. NetApp's all-flash array run rate is about $775m while EMC's is a past a billion dollars.…

Tech Data swings and misses Wall Street moneymen's target

Thu, 25 Aug 2016 14:02:08 GMT

CEO: IT spending weaker than expected but we grabbed rivals by the short and curlies

Tech Data's latest quarterly financials show a distributor wrestling with “weaker than expected” IT spending and trying to dip into “pockets of demand” across Europe and the Americas.…

Error: Print job 'Money' failed for

Thu, 25 Aug 2016 00:57:21 GMT

HP Inc manages to not lose quite as much cash as Wall Street expected. Go team

HP Inc says it will move forward with its plans to cut costs and refocus its business as it posted better than expected quarterly numbers.…

Nimble Storage ticks over nicely but will shareholders want more revs?

Wed, 24 Aug 2016 13:27:12 GMT

Shrinking losses, embiggening revenues

Nimble Storage's revenue of $97.1m for the second quarter of its fiscal year 2017 beat its guidance of $93m - $96m, which is good, and it generated a loss of $40m; better than the previous quarter's $42.7m loss but worse than the $30.1m it lost in Q2 last year.…

Data-viz biz Tableau Software brings ex-AWS exec to the table

Tue, 23 Aug 2016 09:51:13 GMT

Hopes for tasty earnings as it dines out on share spike

Data-visualisation business Tableau has announced that a former AWS executive, Adam Selipsky, is to come in as the new president and CEO in September as the company seeks to transform itself into a grown-up business.…

Cambridge University controlled tech startup fund raises £75m

Fri, 19 Aug 2016 16:02:13 GMT

We're not your traditional venture capitalists, says firm

Cambridge Innovation Capital, an investment fund which commercialises science and technology advances made at Cambridge University, has raised £75m in a funding round.…

Nutanix has swallowed something. Cough once if you're OK, guys

Thu, 18 Aug 2016 10:35:14 GMT

S1 shows you're snacking on something again. Care to tell us what it is this time?

We’ve been banging on about Nutanix buying PernixData. Now tech consultant Justin Warren has noticed this nugget in an amended Nutanix S1 filing to the SEC:…

'Disciplined' NetApp cuts weight, turns in a prettier spreadsheet

Thu, 18 Aug 2016 09:42:55 GMT

Profits rebound and new marketing boss hired away from IBM

NetApp revenues dropped 3.7 per cent year-on-year to $1.29bn for its first fiscal 2017 quarter, ended July 29, but it turned a year-ago loss of $30m into a $64m profit as it reined in expenses.…

New UK trade deals would not compensate for loss of single market membership

Thu, 18 Aug 2016 08:20:11 GMT

So says Institute for Fiscal Studies report

Analysis The UK could lose out on a 4 per cent boost to gross domestic product (GDP) if it was no longer a member of the EU single market, with particular repercussions for the financial services industry, according to an influential think tank.…

Cisco rewards massive profit jump with thousands of layoffs

Wed, 17 Aug 2016 23:52:23 GMT

Switchzilla to terminate connection on 5,500 employees

Cisco is reporting record financial numbers on the same day it says it will cut 5,500 employees from its payroll.…

Oh dear, Xiaomi: '$46bn' winner's phone shipments tumble 38%

Tue, 16 Aug 2016 15:18:05 GMT

Apple drops too, as Chinese shun tiddlers

Only nine months ago China’s Xiaomi was being touted as “the next Samsung” - a consumer electronics giant with the breadth and ambition to create platforms or "ecosystems". The markets valued Xiaomi at an astronomical $46bn, twice the valuation of BAE. But this year, Xiaomi forgot to do something quite basic: sell enough phones.…

Summer of Salesforce: CRM cloud swallows tiny pattern-recog firm

Tue, 16 Aug 2016 08:27:08 GMT

BeyondCore taken in 'season of M&A'

Salesforce has made its second acquisition of the month, and its fourth since June.…

Tim Cook's answer to crashing iPhone sales: More iPhones

Mon, 15 Aug 2016 13:26:06 GMT

Sat on your sofa in India? He knows what you need

Apple’s plan to tackle the great iPhone sales slump is for it to produce, yes, more iPhones.…

Mobile malaise drags down Asus Q2 numbers

Fri, 12 Aug 2016 15:04:18 GMT

Pulled ahead of Apple, still struggling to grow

Asus has reported a double digit slide in net income for the fourth quarter, highlighting that even overtaking Apple in the computer sales stakes is no golden ticket to world domination.…

Ingram Micro $6bn sale to Chinese logistics biz delayed

Fri, 12 Aug 2016 11:29:06 GMT

Bumps on road ahead? 'We'll be flogged this year' say execs at globe's largest distie

Ingram Micro has pushed out the completion date of its $6bn sale to Chinese logistics provider Tianjin Tianhai to let the Committee on Foreign Investment in the US (CIFUS) review national security implications.…

Swiss firm still wants to eat up Pi flogger Premier Farnell

Fri, 12 Aug 2016 11:16:04 GMT

Undeterred by moneybags Avnet's massive counter-offer

Swiss components distributor Dätwyler is still interesting in acquiring mega electronics distie Premier Farnell, despite their last offer being trumped by a later (and larger) one from Avnet.…

Intel's latest diversity report shows numbers at a standstill

Thu, 11 Aug 2016 13:02:08 GMT

No progress on Operation De-pale-and-male since 2014

Intel’s latest Diversity and Inclusion mid-year report shows that numbers of African American and Hispanic people have hardly changed, despite the company’s $300m pledge to achieve full representation by 2020.…