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Broadcom NetExtreme II adapter

QLogic grabs Broadcom Ethernet assets

QLogic has signed a deal with Broadcom to buy some Ethernet assets and license its Fibre Channel IP. The converged network controller maker is spending $147m in cash to buy: some 10/40/100Gbit Ethernet controller-related assets and non-exclusive licences to certain intellectual property relating primarily to Broadcom’s …
Chris Mellor, 19 Feb 2014
globalisation

CA handles La Perla's substantial assets

Luxury Italian undies biz La Perla is protecting its data assets from a tits-up by using CA's ARCserve backup software. The bra-and-panties business has 3TB of data on 50 servers around the globe and is using ARCserve Backup to safeguard it. The data ranges from email to critical data and business intelligence based on sales …
Chris Mellor, 20 Dec 2011
management strategy2

Former Misco exec rocks up at Tech Data

Vendor vet Gary Withington has landed at distribuor Tech Data months after he was let go by tin peddler Misco as part of a cost purge. The man spent the best part of two decades at Sun Microsystems and Dell in various roles before rocking up as Misco UK MD, a job that lasted for two and a half years until October ’14. He was …
Paul Kunert, 24 Mar 2015

All change at top of distie EntaTech as veep Atherton splits

EntaTech veteran and veep Jon Atherton is leaving the business today for pastures new, with industry old timer Dave Stevinson stepping into the role. Atherton has been with Enta for more than 22 years, half his life, and the company insisted it was his decision to quit the position to take “time out with his family”. Founder …
Paul Kunert, 06 Mar 2015
George Osborne looking like he means it

UK slaps 25 per cent 'Google Tax' on tech multinationals

Chancellor George Osborne has announced a 25 per cent tax on company profits made in UK but diverted abroad - singling out tech companies for a so-called "Google tax." In his Autumn Statement Osborne pointed the finger at large multinational companies, particularly those in the tech sector, that use "elaborate tax structures" to …
Kat Hall, 03 Dec 2014

Herjavec Group swallows Brit security services minnow Sysec

Candadian managed security services biz Herjavec Group has crossed the pond to hoover up Brit minnow Sysec, a specialist boutique that ploughs its furrow in the same field. The buy forms part of Herjavec’s three-year $250m “expansion plan” - it is more than half way there but may need to make a few more buys to get there given …
Paul Kunert, 05 Feb 2015

Pre-split HP flops out plan to keep its sales pecker up

HP will parachute funded staff into its largest global channel customers to minimise disruption and ensure it maintains market share as the business is carved into two. Print and PC operations will be hived off to create HP Inc and the remainder of the company, including the new Aruba buy, will form Hewlett Packard Enterprise. …
Paul Kunert, 13 Mar 2015

Brocade reels in app delivery controller biz from Riverbed

Riverbed is making more progress in selling off non-core assets with Brocade intent on picking up its SteelApp application delivery controller. Under pressure from activist investor Elliott Management, network optimisation supplier Riverbed is going private and selling off non-core assets, like SteelCore, to improve its …
Chris Mellor, 06 Feb 2015
Tornado_funnel

Violin Memory hires ex-Egnyter to add heat to global channel sales

Flash storage biz Violin Memory is hoping to pump up its channel sales volume by recruiting an ex-Egnyte channel sales VP to replace a guy who went to HGST. Jeff Nollette joins from Egnyte, where he spent seven months as its VP for Channels, helping to build a channel for that company's file sync and share product. Before that …
Chris Mellor, 04 Dec 2014

Drive-making kingpin WD gobbles Skyera... to give to HGST

Rumour had it last month that WD was going to buy Skyera and rumour was right. WD subsidiary HGST is getting an early Christmas present with WD buying the all-flash array packing density king and assigning it to HGST. Skyera changed its CEO in August, with COO Frankie Roohparvar taking over from flash tech genius and co-founder …
Chris Mellor, 15 Dec 2014

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
Fight sticker

Chaos reigns as Coms plc CEO tries (fails) to stage boardroom coup

A senior level dust-up has erupted at Coms Plc with CEO David Breith trying to stage a boardroom coup, amid widening losses and a spat over Coms shares that he quietly bought. The acquisitive London-based comms biz, which swallowed certain assets from Redstone and telephony player Actimax, confirmed the chaos in a stock market …
Paul Kunert, 25 Feb 2015

Calyx Managed Services break-up begins. Just like we told you

The expected break-up of Calyx Managed Services has started, with the maintenance and carrier services divisions offloaded to Daisy Group and Chess Ltd respectively for a total of £5.5m in cash. It always seemed inevitable that Calyx MS would be carved up and sold off when private equity fund MXC Capital paid £9m to buy the …
Paul Kunert, 24 Mar 2015
money notes lifted up

Private equity downs WAN furtler Riverbed in $3.6bn gulp

+Comment WAN optimiser and app speeder Riverbed is being bought by private equity house Thoma Bravo for $3.6bn. Riverbed failed to grow sufficiently and its business foundered somewhat, opening it up to the attentions of activist investor Elliott Management. That's the same investor that is pushing EMC for a VMware sell-off. In October …
Chris Mellor, 15 Dec 2014

DRAM-firm-fattened flash bods double last year's profits

Memory/flash chip maker Micron, fattened with Japanese DRAM firm Elpida, has recorded record revenues of $4.57bn. Its first quarter of fiscal 2015 finished with a bang on December 4, 2014, delivering revenues 13 per cent higher than a year ago and eight per cent up on the fourth fiscal 2014 quarter. Profits of a round billion …
Chris Mellor, 07 Jan 2015

HP blasts $5.1bn sueball at ex-Autonomy execs, Lynch preps return fire

As it has long threatened to do, HP has sued two former Autonomy executives, accusing them of impropriety related to the two companies' financially disastrous 2011 merger. The Palo Alto, California firm filed suit against Autonomy cofounder Mike Lynch and former CFO Sushovan Hussain at the High Court in the UK on Monday, over …
Neil McAllister, 31 Mar 2015

Shouty investor Elliott makes PUBLIC CALL for VMware sale

Comment Activist investor Elliott Management, the holder of a billion dollars' worth of Hopkinton shares, has publicly called for a VMware sale in a letter to EMC's CEO and board. Its release has been nicely timed to closely follow on from HP's decision to split itself into an printer and PC company on the one hand (HP Inc) and a …
Chris Mellor, 08 Oct 2014

Capita gobbles up more public sector pie

Controversial outsourcing goliath Capita has been handed yet another slice of the public sector pie – having bagged a joint venture with the Department for Environment, Food and Rural Affairs expected to generate £700m. Capita will acquire a 75 per cent stake in the running of the department's Food and Environment Research …
Kat Hall, 12 Feb 2015
Downing Street road sign

Universal Credit CRISIS: Up to £200m in IT spend WASTED – NAO

Around £219m in IT investments in the much-maligned Universal Credit programme may be written off, a National Audit Office report has revealed today. To date, £344m in IT investment has been sunk into the programme, but just £125m of those assets are currently in use. The NAO revealed the department has written off a further £ …
Kat Hall, 26 Nov 2014

Arrow Electronics buys Computacenter tech disposal biz for £56m

It may be cold outside, but Computacenter (CC) investors have got a warm glow this morning – they are to receive a £100m windfall, partly financed by the sale of the tech disposal and asset recovery biz. The London-listed tech supplier last night revealed to the City the sale of RD Trading (RDC) for £56m in cash to the UK arm of …
Paul Kunert, 03 Feb 2015

Latest Gartner wololo: Win Server 2003 refresh might be off the cards

Price hikes caused by the robust dollar could result in European server customers deferring purchases for at least the first half of this year, potentially translating into another period of stagnating revenues. With Microsoft ending support for Windows Server 2003 and Intel refreshing Xeon – which made vendors respond with …
Paul Kunert, 16 Mar 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 …

Our system handles £130bn and it's BUST. Want the job of fixing it? Apply to UK.gov

The Department for Work and Pensions (DWP) has identified "technical and security vulnerabilities" in its £284.9m central benefits payment system - responsible for underpinning the much-maligned Universal Credit programme and processing 13 million payments each week, The Register can reveal. The Central Payments System's …
Kat Hall, 20 Nov 2014
BlackBerry Passport

BlackBerry chief vows: We'll focus on 'core devices' and on, er, NOT LOSING MONEY

BlackBerry chief John Chen has said that the Canadian firm won’t be trying to launch too many new devices as it struggles to claw its way back to profitability. Chen told Reuters that the firm was focused on profits, so it wouldn’t be pushing for heaps of new smartphones. "Once we turn this company to profitability again, I …
Sorry we're closed

Failed would-be COMET saviour now FAILS to save his own biz

A creditors' meeting has been called for Lewisons Wholesale, an electrical retailer run by Clive Coombes, the man that tried and failed to resurrect the brand name of fallen UK High Street giant Comet. As revealed by the Register last month, Lewisons Wholesale was struggling to remain afloat and had notched up eight County Court …
Paul Kunert, 15 Dec 2014

Level 3 gobbles rival TW Telecom in $5.7bn deal (that's 5 Instagrams)

Internet backbone provider Level 3 has bought its competitor TW Telecom in a cash and stock mega-deal valued at $40.86 per share. The planned $5.7bn merger, if waved through by US regulators and shareholders, would further consolidate the telco market stateside. "We believe this is a financially compelling and very strategic …
Kelly Fiveash, 17 Jun 2014

Analyst calls it: we've got a software-defined networking BUBBLE

Forrester analyst Andre Kindness has used two very significant words - “irrational exuberance” - to describe the white box networking market. “Irrational exuberance” was famously used by former US Federal Reserve chair Alan Greenspan in a 1996 speech bemoaning over-valued assets. The term was often invoked during the subsequent …
Simon Sharwood, 05 Dec 2014
SAP

SAP raises $650m to cram into upstarts' pockets

SAP has announced that it has raised $650m for a new venture fund to invest in startups under its subsidiary SAP Ventures. The investment firm is independent, but draws its cash from the software giant to invest in upstarts that may one day help the parent business. "We are in a unique position of being independent and yet …
man_inks_deal_channel signs contract services

Clock's ticking for suppliers who want a piece of hot DWP action

The Department of Work and Pensions has issued a call to tech firms to provide and host a toolset for service integration and management functions in a gig worth up to £17.5m over the next three years. The contract notice posted on the Official Journal of the European Union today, part of IT Transformation Programme, gives …
Paul Kunert, 03 Sep 2014
Happy child at Christmas with a tablet

Time to bag a tablet bargain this Chrimbo – Brit stocks are high

British retailers will be looking to clear a tablet glut this Chrimbo, and falling sales prices and cooling consumer interest in slabs will mean they’ll need to shift more to stand still. According to Gartner, 83 million fewer slabs will be sold this year worldwide, with consumers sweating their assets for longer, renewed …
Paul Kunert, 04 Nov 2014

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

Lenovo completes Motorola purchase for $2.9bn – $10bn less than Google paid for it

Three years ago, Google splashed out $12.5bn for struggling mobe manufacturer Motorola, and on Thursday the Chocolate Factory completed its sale of Motorola's physical assets to Lenovo for just $2.91bn. Not all of the money will be going into Google's coffers right away, however. Lenovo is paying $660m in cash plus $750m in …
Iain Thomson, 30 Oct 2014
Man in an orange jumpsuit clutches prison bars. Image by Shutterstock

Former Azzurri project manager who stole £1.3m ordered to pay back £146k

A former project manager at Azzurri Communications who stole £1.3m from the integrator has been ordered to pay back less than 10 per cent or spend more time in the slammer. Lee Stephen Young, 34, of Petronel Road, Aylesbury was found guilty of one count of theft from an employer at the town's Crown Court in March and sentenced …
Paul Kunert, 23 May 2014
Steve Bennet, ex-Symantec CEO

Big Yellow loses its head... again: Symantec, we need to talk

Comment Symantec recently fired Steve Bennett, its second CEO in two years. As a previous chairman of the board, Bennett was part of the team that shifted off the previous CEO. Apparently now, new blood is needed to "act aggressively to capture a growing share of this market," in the words of the new chief, Michael Brown. Steve Bennet …
Chris Mellor, 24 Mar 2014
Job cuts jpeg

Chips are down at Broadcom: Thousands of workers laid off

Broadcom is exiting the cellular baseband business, a decision that's has bitten hard, with the company announcing layoffs of around 2,500 employees – around 20 per cent of its total workforce – worldwide. Its latest SEC filing shows the company turned in a loss of $US1 million for the quarter, a collapse from the previous …
BlackBerry logo

BlackBerry slices off juiciest bits, bottles them in 'Tech Solutions'

BlackBerry has sliced off its juiciest bits and will preserve them in a new unit called “BlackBerry Technology Solutions” (BTS) that it hopes will deliver a jolt of growth. The new unit will be led by Dr. Sandeep Chennakeshu and will gain stewardship of QNX , the IoT play Project Ion, the Certicom cryptography applications and …
Simon Sharwood, 19 Aug 2014
IBM RTP Data Center

IBM leaps aboard the software-defined stuff bandwagon

IBM storage is getting software-defined, with IBM seeing that concept as a way of better integrating its storage hardware and software assets. Big Blue's Storage and Software-defined Systems general manager Jamie Thomas outlined a new storage deal at IBM's Enterprise event in Las Vegas, claiming the "new model will provide …
Chris Mellor, 09 Oct 2014
Dunce

Symantec fires CEO Steve Bennett: To lose 1 chief is unfortunate, to lose 2 is OK, apparently

Symantec has fired its second CEO in two years: the company's chief exec, president and former board chairman Steve Bennett was today shown the door after less than 18 months on the job. "We recognize Steve's contributions to Symantec, including developing and leading a series of successful initiatives focused on organizational …
Iain Thomson, 20 Mar 2014
Shuffling cards

EMC reshuffles deck, reveals Core Technology SUPER DIVISION

EMC is collapsing its divisional structure some more and combining its VMAX/VNX unified storage operation with DPAD, its Data Protection Division, to form a Core Technology Division. The new division will be run by Guy Churchward, current DPAD president. XtremIO products will move into the new division as of 1 January, 2015. …
Chris Mellor, 15 Oct 2014

NSA Sentry Eagle placed spies in private companies

The National Security Agency (NSA) has since 2004 sent spies into private companies in a bid to compromise networks from within, according to documents leaked by Edward Snowden. Agents sent in by the NSA targeted global communications firms under a highly classified 'core secrets' program dubbed Sentry Eagle previously known …
Darren Pauli, 14 Oct 2014
EMC VNX2 line up

Somebody's nightmare? I'm a veteran VNX array with a BADGE

Lenovo has started selling VNX arrays, adding a "VNX5150" to its product line-up. The VNX5100 is an entry-level SAN product that was effectively replaced by the block and file VNX5200 array in September last year. There is still a VNX5100 page on EMC’s website but a linked VNX Hardware Data Sheet PDF omits it from the VNX line- …
Chris Mellor, 04 Sep 2014
Joe Tucci EMC

EMC, HP blockbuster 'merger' shocker comes a cropper

+Comment EMC has been holding secret merger talks with HP that have since stalled, according to industry sources. The negotiations are said to have lasted almost 12 months, during which Dell executives mulled buying parts of EMC. But at the heart of the discussion was a proposed $132bn merger of the storage giant and HP, according to …
Chris Mellor, 22 Sep 2014

Oracle makes Sun-sized $5bn grab for Micros Systems

Oracle is buying systems maker and consulting shop Micros Systems for $5.3bn to counteract the slowdown in its hardware and software business. The giant Monday confirmed reports it is buying Micros, which builds and delivers integrated systems including point of sale systems for the retail and hospitality sectors. Oracle …
Gavin Clarke, 23 Jun 2014

Phones 4u demise: 1,700 employees laid off with redundo package

The axe fell on nearly 1,700 jobs at Phones 4u last night, a little over a week after the High Street retailer went into administration. It brings the total number of staff laid off with redundancy packages so far to 2,325 – nearly half of the company's workers. The staffers had been based at 700 outlets, including 550 stores, …
Kelly Fiveash, 23 Sep 2014
euros_channel_money

CenturyLink slashes prices to guarantee its megacloud future

When your entire market is hellbent on destroying itself through an endless death march of price cuts, you're faced with a choice, either you hold on tight and keep cutting, or you get into another business. Major co-location provider CenturyLink is opting for the former and to help it along is beginning to put the assets of its …
Jack Clark, 01 May 2014
Shaun of the Dead

We've made a profit, shouts Azzurri Comms. Yeah, 'made' is right

Azzurri Communications is out of intensive care now it has its debts under control but it still took a whopping £58m inter-company loan to turn a loss-making year into a profitable one, avoiding any board level blushes. The integrator majors on unified comms (UC) with Avaya and Mitel, and sells connectivity, security services …
Paul Kunert, 12 Feb 2015
arrow pointing up

State officials seize InPhase assets in lieu of taxes

In a final emphatic demonstration that the money has run out, holographic storage developer InPhase's premises have been seized for non-payment of taxes by the Colorado Department of Revenue. According to local reports, the state has changed the locks on the doors and announced that everything owned by InPhase, including …
Chris Mellor, 08 Feb 2010

Symantec scratches head over balance sheet, calls in JPMorgan

Reports say Symantec, struggling to reverse a revenue slowdown, has called in JPMorgan Chase & Co. to look at its options and help fend off activist shareholders. Symantec is a $6.7bn/year revenue company that is struggling to lift its earnings. The last quarterly report made that abundantly clear. It fired its CEO Steve …
Chris Mellor, 07 Apr 2014

VMware sells WaveMaker to Pramati

VMware has got rid of WaveMaker, an open source tool that helps casual developers build Java apps, after spending two years trying to develop the technology The deal sees Java-specialist Pramati acquire "certain assets" of WaveMaker, according to a statement issued by the company. These assets include WaveMaker's core …
Jack Clark, 01 May 2013
Photo of a stack of $100 bills

IBM storage revenues sink: 'We are disappointed,' says CEO

IBM's storage revenues are continuing to slump, with the latest overall IBM results causing the abandonment of a long-term earnings/share goal. IBM's overall revenues for its third 2014 quarter were $22.4bn, down six per cent year-on-year and down 8.2 per cent sequentially. Net income was $3.5bn; it was $4.1bn in the previous …
Chris Mellor, 20 Oct 2014

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs