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Lanci's Lenovo move 'negative' for Acer – Morgan Stanley

Lenovo's appointment of PC industry big hitter Gianfranco Lanci will heap further pressure on his former employer Acer, according to Morgan Stanley. Lanci – who left the Taiwanese notebook giant Acer in March after a board-level disagreement over strategic direction – moved to Lenovo to consult on its consumer biz at the end of …
Paul Kunert, 19 Sep 2011

OpenStack kingpin Rackspace hires bankers to help it mull 'inbound strategic proposals'

Updated Rackspace has retained Morgan Stanley to help it evaluate "inbound strategic proposals". In other words, a partnership or acquisition is something that may lie in Rackspace's future, according to Bloomberg, which broke the news on Thursday. "Our board decided to hire Morgan Stanley to evaluate the inbound strategic proposals, …
Jack Clark, 15 May 2014
channel

Morgan Computers shuts its doors, sells website

Morgan Computers - one of Britain's longest surviving independent retail PC dealers - has sold its online business to a Jersey-based businessman, but questions remain over its retail arm. Morgan's owner Robert Nicklin was unwilling to comment to The Register on Friday, but the firm's flagship store on Oxford Street remained …
John Oates, 09 Nov 2009
channel

Morgan Chase blames Oracle for online bank crash

JP Morgan Chase online banking services crashed in New York last week, and the outage has been laid at Oracle's door. The bank's online services were unavailable for Monday night and Tuesday, with service restored very early on Wednesday. The crash prevented the bank's 16.5 million online customers carrying out online banking …
Chris Mellor, 20 Sep 2010
cloud

Red Hat unveils cloudy software bazaar

Red Hat has created a "software marketplace" to help it cut the steps it takes for admins to layer third-party applications on top of its OpenShift platform-as-a-service. The marketplace was announced by Red Hat on Monday as the Linux company kicked off its annual Red Hat Summit in San Francisco. The cloudy marketplace will …
Jack Clark, 14 Apr 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
No Sale

NO SALE! Rackspace snubs all buyout offers, appoints new CEO

Rackspace says it has given up on plans to either sell itself or merge with another company, and to prove it the cloud hosting provider has named a new CEO to lead its next phase of independent operation. Rackspace had been considering "inbound strategic proposals" – meaning buyout offers – since May, when it brought in …
Neil McAllister, 17 Sep 2014
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Morgan Computers: Your memories

Last week's coverage of the shuttering of Morgan Computers, the mini-chain of cheap computer dealers, sparked memories of first computers and other odd bits of kits from you lot. Bertie Bassett remembered: In the days before ebay Morgan was the place to get end of line kit and much much reduced prices - I've visited both their …
John Oates, 13 Nov 2009
Racks inside Rackspace's Sydney Data Centre

Rackspace: Record revenue shows managed cloud strategy 'working'

Despite record revenue growth in the second quarter and good expectations for this quarter, profit at Rackspace Inc was flat, disappointing shareholders. The former hosting firm said it had added thousands of new customers as it tries to transition itself into a cloud company in the midst of serious price competition from the …

Bechtolsheim's baby Arista Networks heads toward IPO

Networking startup Arista Networks is filing for an IPO as the scrappy biz tries to wrestle share away from incumbents like Cisco and Juniper. The profitable upstart filed its S-1 form with the US Securities and Exchange Commission on Monday. Arista Networks' chairman is Andy Bechtolsheim, the co-founder of Sun Microsystems. …
Jack Clark, 31 Mar 2014

'Fangless' activist investor chomps up chunk of Rackspace

A so-called "fangless" activist investor has increased its grip on OpenStack cloud cheerleader Rackspace, with a view to a possible sale. Blue Harbour Group has revealed it now holds a 6.4 per cent stake in the aspiring cloud provider, or 9.1 million shares. The company is reported to have started gobbling up Rackspace shares …
Gavin Clarke, 19 Aug 2014

SAP: Oh snap, where is everybody... Are we LATE for the cloud?

SAP is looking at accelerating its move into the cloud, and shunting more of its business there over the coming year. The world’s largest maker of business software, and an on-premises Titan, is reported to have disclosed the goings-on in conversation with investors. Outgoing co-chief executive Jim Hagemann-Snabe apparently …
Gavin Clarke, 25 Nov 2013
Mike Feinberg

EMC Cloud Czar packs up and goes for a hike

EMC Cloud Czar Mike Feinberg has left the Hopkinton-based storage biz after a rejig of product lines, El Reg can reveal. His disappearance from EMC's Exec Bios webpage caused some talk among our correspondent's contacts - an older version can be found here. According to EMC's PR folk, senior veep Feinberg has left to "pursue …
Chris Mellor, 23 Jul 2013
Steam engine

Rackspace gives world the servers Google and Amazon keep secret

Troubled hosting company Rackspace has brewed up a life-saving potion based around the secret technologies developed by some of the web's giants. That project, "OnMetal Servers", gives customers the option of renting dedicated hardware from Rackspace based on designs similar to the secret servers operated by Google and Amazon, …
Jack Clark, 19 Jun 2014
homeless man with sign

Morgan Stanley punters get refund over computer cock-up

Morgan Stanley has apologised after 15,000 customers had extra interest added to their accounts as a result of a botched computer migration. The company recently moved its core technology platform off Experian and onto its inhouse Discover system. A migration problem meant 15,000 customers had extra interest added to their …
John Oates, 21 Aug 2006
Microsoft CEO Satya Nadella

Microsoft's 'CEO of no' on Xbox: NO SALE

Microsoft’s new chief executive has told us what he’s not going to do - sell Bing or Xbox - but not what is he going to do. So far, all we’re hearing is a lot of "no". Speaking at a technology event in California, Nadella has been reported and quoted on Twitter to have ruled out the sale of both Xbox and Bing. On Xbox, Nadella …
Gavin Clarke, 28 May 2014
Justin Rattner

Intel CTO Rattner steps down to attend to 'pressing family matter'

One of the most familiar faces of chip giant Intel is CTO Justin Rattner, and he has just announced his departure from the company. Rattner joined Chipzilla in 1973, and six years later he was the company's first principal engineer. He was named its fourth Intel Fellow in 1988 thanks in large part to his work in parallel …

IBM to offload System x this week: Our sources spill the beans

Smart bets are being placed on IBM offloading its System x division this week, amid suggestions that staffers are braced for a grandiose announcement on Wednesday. Word of buy talks reached the desk of El Chan late last week and over the weekend the Wall Street Journal speculated that Big Blue execs may have re-opened talks with …
Paul Kunert, 20 Jan 2014
IBM logo

IBM's $1bn layoffs latest: Now axe swings in US, Canada - reports

Scores of workers have been made redundant at IBM's Systems and Technology Group in the US, according to a union, soon after the tech titan warned of sweeping job cuts worldwide. Following a $400m shortfall in mainframe and software sales in the first quarter of 2013, employees were warned that a "workforce rebalancing" act (a …

Cisco gobbles cloud power meter biz JouleX for $107m

The cash-laden and ever-acquisitive Cisco Systems is at it again, and has snapped up JouleX, which has created a set of cloudy software tools to monitor and manage power consumption in the data center. Cisco is shelling out $107m to acquire JouleX, and said in a statement that this price included cash and retention-based …

IBM furloughs hardware workers for a week to cut costs

New IBM System and Technology Group chief Tom Rosamilia and his boss, CEO Ginni Rometty, are tightening the belts of Big Blue's hardware business so that it can make its numbers in the current or future quarter. Rumors were going around that IBM was going to put employees working in the Systems and Technology Group on furlough …
VMware's monster VM

VMware taps ex-Ciscoer as channel chief

Just ahead of the formal launch of VMware's "Project Zephyr" vCloud Hybrid Service public cloud on Tuesday, the company has appointed a new channel chief. And the timing is not accidental, with VMware's channel being a key component of its hybrid cloud strategy. It's easy to see why VMware wants to build its own public cloud …
Fatal Attraction: my these late night coding sessions do strange things to your hair

Cloud computing aka 'The future is trying to KILL YOU'

Analysis What do all ailing enterprise IT companies have in common? Trouble in their core businesses due to the rise of cloud computing. The repercussions that the technology is having on the IT business are all around us, and its effects on the industry are as inevitable as gravity on a dropped bowling ball. Cloud computing's rise …
Jack Clark, 17 May 2014
Dell logo in crosshairs

Dell buy: Icahn puts more cash on table than Blackstone or Mike D

As El Reg expected, the deals offered separately by private equity firms Blackstone Group and Icahn Enterprises to take over IT giant Dell are not as generous as some have been arguing the company is worth. And, ironically, the company backed by activist investor Carl Icahn is offering considerably less than Icahn himself had …

BlackBerry BB10 devices refuse to leap off shelves

So you’re an ageing push-email legend finally selling phones with a shiny modern new operating system, relieving years of pent-up demand. Wouldn’t you want to SHOUT about how many people want them? BlackBerry spurned the opportunity to do just that in its earnings releases today, covering the first full quarter selling BB10 …
Andrew Orlowski, 28 Jun 2013
Intel logo

Intel's fourth quarter a bummer, as expected

Intel helps kick off the high tech earnings season by reporting its financial results for the fourth quarter and full 2012 year, and as Wall Street and Intel top brass had been anticipating, it was not a killer quarter. It was, perhaps, not as bad as many had expected given the challenges in the PC and server rackets and Intel's …
Dell logo in crosshairs

Icahn offers to sweeten his Dell deal with warrants

If either Michael Dell or Carl Icahn wanted to win a deal to take control of Dell, the company, all they would have to do is pony up some of their own cash hoards and that would be that. But this is business, and the last thing in the world you do is spend your own money. In the latest move, corporate raider Icahn is sweetening …
IBM logo

Big Blue cedes software and systems training biz to partners

IBM is getting out of selling education and training services to customers for its Software Group and Systems and Technology Group, and shifting to an indirect sales model through a new training channel that it has set up. Steve Mills, who is in charge of the converged Software and Systems Group (which even IBM doesn't talk …

HP sacks English employees to bag Scots gov jobs cash

HP will axe workers in Sheffield and shunt their roles to Renfrewshire in Scotland to bag a £7m grant from the Scottish government, the Public and Commercial Services (PCS) trade union claims. It's understood the multimillion-pound grant from the public purse is a reward for boosting local employment. About a third of support …
Paul Kunert, 17 Jun 2013
SoftLayer's data center

Report: EMC, IBM sniffing around hoster SoftLayer

SoftLayer's public cloud business has IBM and EMC sniffing around for a reported $2bn buyout as both companies look to bolster their own networks. IBM has made no secret of its plans to build up its cloud computing and storage business. And EMC's server virtualization and cloud controller minion VMware said earlier this week …
IBM CEO Ginni Rometty

Report: IBM, Lenovo x86 server deal hits the skids

Only late last week, the scuttlebutt was that IBM and Lenovo Group were moving along at a rapid pace so Big Blue could offload all or part of its System x x86 server business to the Chinese builder. Now, the latest word is that the deal has stalled as the two companies are haggling about the price. The first rumors about a …

Red ink not as deep as expected for Fujitsu in Q1

Japanese IT conglomerate Fujitsu may have been been hit hard by the decline in PC and smartphone sales and seen its server business slump as well, but the weakening of the yen by the Japanese government to boost the indigenous economy has helped inflate overseas sales revenues, and an uptick in the systems integration business …
management management3

SAP shuffles execs to chase cloud success

It is time for musical chairs at SAP, and the desire to ramp-up products that run on the cloud and sell more of them is calling the tune to which the executives are dancing. The German software giant said in a statement that Lars Dalgaard, head of its entire cloud operations and the founder and CEO of SuccessFactors, was leaving …

Dell board delays vote on private takeover deal

As has been rumored for days, the special committee of Dell board members in control of the proposed private takeover deal put together by company founder Michael Dell has put off the shareholder vote for the deal. The ceremony to give the thumbs up or thumbs down to the $24.4bn deal put together by Dell, the man, Silver Lake …

Dragged-out Lenovo server deal whacks IBM's earnings for 2013?

IBM has never admitted that it has been trying to sell its System x and BladeCenter server business to Chinese PC and system maker Lenovo, which also took its venerable and usually unprofitable PC business over at the end of 2004. But in a conference call with Wall Street analysts going over Big Blue's second quarter financial …
Dell logo in crosshairs

Icahn lines up prodigious Dell deal dough

Carl Icahn, the activist investor* who has been providing the only alternative to Michael Dell's plan to take the IT company that bears his name private, has finally lined up the financing that he says will be necessary to acquire Dell at a higher price than Dell, the man, is offering. In a letter to Dell shareholders and the …
IBM Flex Chassis, front view

IBM taps ex-Lenovo and services exec to run PureSystems server biz

Several weeks ago, El Reg told you that Andy Monshaw, the long-time head of IBM's Storage Systems Division and more recently the general manager of the PureSystems modular systems business, had left Big Blue. Due to the Independence Day holiday in the United States, IBM was unable to confirm Monshaw's departure, but late last …

Cisco boosts sales and profits despite softness in switching and routing

Cisco Systems took a big bet more than four years ago when it jumped into the server market with its Unified Computing System blade and rack servers and started peddling converged Nexus switches at the same time. Those bets have paid off, and rising sales of these products are filling in the revenue gaps in the quarter ended in …

Fed watchdogs sniff around IBM's cloud revenue reporting

IBM filed its quarterly 10-Q report with the US Securities and Exchange Commission Wednesday morning, and buried in that lengthy document is a note that the Securities and Exchange Commission (SEC) has raised an eyebrow over the way IBM recognizes its revenues for cloud computing. There is not a whole lot of detail about exactly …
Dell logo in crosshairs

Dell committee says 'no way' on takeover vote change

The special committee of Dell board members that is reviewing the two proposals that will decide the fate of their company have told the Michael Dell/Silver Lake Partners consortium that they are not willing to change the voting rules, as the consortium had requested. And so the ongoing saga of Michael Dell's attempt to take the …
rim

RIM seeks bailout buddies as banks count Heins' beans

RIM has hired bankers to give it a health check and possibly pair up the BlackBerry maker with other businesses. The mobe manufacturer added that it is likely to make an operating loss this quarter and struggle financially for several more. The beleaguered Canadian biz also confirmed it will dramatically cut costs including " …
Paul Kunert, 30 May 2012

Big Blue blows big green in SoftLayer public cloud gobble

So much for that whole strategy that cloud biz SoftLayer came up with (of building its own cloud controller and basing its server fleet entirely on Super Micro iron): because Big Blue bought SoftLayer today for an undisclosed sum. Rumors were going around back in March that both IBM and EMC were sniffing around SoftLayer - a …
Dell logo in crosshairs

Report: Icahn spoiling for a proxy fight with Dell over buyout deal

Activist investor (we hesitate to use the term vulture capitalist because it gives vultures a bad name) Carl Icahn has said that Michael Dell and the consortium of partners he has put together to take his eponymous company private for $24.4bn is not paying enough for the company. According to reports, Icahn is now getting ready …

Juniper snaps up SDN startup before it even uncloaks

Struggling switch and router supplier Juniper Networks, smacked around in the hardware business by a recovering Cisco Systems and surrounded by a bunch of upstarts who want to virtualize networks and thereby suck all the profits out of hardware, is fighting back by acquiring Contrail Systems. Contrail, which was working on its …

The enterprise software gravy train stalled in 2012

The world spends about twice as much dough on enterprise software as it does on data center hardware, and that software is also where a lot of the profit for the IT sector comes from. So when enterprise software revenues don't grow as fast as they have in prior years, it has ripple effects on the IT industry as a whole. The …
Boxer defeated. Pc credit: Sergey Barkov via SXC

PC market to spend ANOTHER year soaked in blood, warns IDC

The invasion of tablets, a lack of momentum for Windows 8 and tight household and business budgets will ensure the global PC market bleeds for another year. According to IDC estimates, as a result of falling demand, shipments into the technology distribution channel will decline in 2013 for the second consecutive year, falling 1 …
Paul Kunert, 06 Mar 2013
Dell logo in crosshairs

Dell takeover latest: Icahn tells Big Mike where to stick his rule rewrite

Michael Dell and Silver Lake Partners, who want to take sole control of IT giant Dell, are willing to offer their fellow stockholders $13.75 for each share - but only if the rules on voting on the deal are changed. Unsurprisingly, top-gun investor Carl Icahn, who has a $14-per-share deal on the table, has now urged the Dell …

AMD taps gamer and ex-Nvidia exec to run its channel

Chip-maker Advanced Micro Devices continues to rejigger its executive team to reflect changes it is making in its business to attack new markets and get its channel partners peddling current and future products. On Monday, the company said in a statement that it had tapped Roy Taylor to head up its global channel sales. Taylor …

Intel's server chip biz holds steady ahead of Ivy Bridge Xeons

Analysis You might think that Intel would have been talking a bit more excitedly about the Xeon server chip lineup when it walked through its numbers for the second quarter yesterday. Particularly with the PC business on the skids. The workhorse "Ivy Bridge-EP" Xeon E5 v2 processors are slated for launch in the third quarter and the …

Nvidia sales and profits rise despite PC slump

Graphics and ARM chip maker Nvidia is sailing smartly through the shrinking PC market, boosting both sales and profits – and doing so despite its transitions to Tegra4 and Tegra4i processors for smartphones, tablets, and other devices. In the first quarter of fiscal 2014 ended on April 28, Nvidia's overall sales rose by 3.2 per …

Opinion

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow
Pure Storage array

Neil McAllister

How the cloud taught Redmond to play by a new set of rules

Features

Pebble Steel
Meet the man who accidentally created the smartwatch hype
No, silly... he was the fall guy for years of Finnish folly
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