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Articles about Sale

Lenovo

US regulators OK sale of IBM's x86 server biz to Lenovo

US regulators have given the thumbs-up to IBM's sale of its x86-based System x server business to China's Lenovo, Big Blue announced on Friday. "The approval of the $2.3 billion sale to Lenovo enables IBM to focus on system and software innovations that bring new kinds of value to IBM clients in areas such as cognitive computing …
Neil McAllister, 16 Aug 2014
EMC federation logo

EMC has nothing to say on VMware sale plan

EMC has reportedly refused to say whether or not it intends to sell a stake in VMware, after being reported as entertaining just such a sale. Confused? Here's how this is playing out. Back in July, activist investor Elliot Management picked up a stake in EMC. Someone then whispered in The Wall Street Journal's ear that Elliot …
Simon Sharwood, 12 Sep 2014
No Sale

NO SALE: IBM won't cash in its chips with GlobalFoundries after all

IBM's hopes of unloading its loss-making semiconductor division to GlobalFoundries have reportedly been dashed, with GlobalFoundries refusing to budge on price. Word that Big Blue was planning to sell off its chips business first surfaced in February, when the company retained investment bankers Goldman Sachs to help it put a …
Neil McAllister, 25 Jul 2014
Fraud image

New licence and SAP unit sale knackers Software AG's numbers

Delayed IT projects and offloading the SAP business have dealt Software AG’s business a double blow for its latest quarter. Germany’s other major software maker today reported a second-quarter revenue drop of 18 per cent to €196m ($263.9m) and net income halved to €14.2m ($19.1m). Earnings per share was also almost halved to €0 …
Gavin Clarke, 24 Jul 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
A boat full of Fail

'Dropbox passwords' for sale are all EXPIRED: Bitcoin buyers beware

Yet another fraudster is struggling to relieve suckers of their Bitcoin after publicly posting what's purported to be a cache of no less than 7 meellion Dropbox login credentials. A guest poster on Pastebin posted three documents, all claiming to be a subset of "the massive hack of 7,000,000 accounts". The posts said there are " …
Darren Pauli, 14 Oct 2014
Engineers making quantum devices at the Australian National Fabrication Facility at UNSW: Credit: Australian National Fabrication Facility

IBM to shutter Greenock x86 line after sale to Lenovo - reports

Mystery still surrounds one of the UK's last server production outposts in the Silicon Glen amid reports of IBM shuttering the Greenock site when Lenovo acquires its x86 division. According to local newspaper Greenock Telegraph, workers at the plant are bracing themselves for closure with manufacturing set to move to China once …
Paul Kunert, 03 Mar 2014

Shouty investor Elliott makes PUBLIC CALL for VMware sale

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
Doomsday clock

Federation fracture: EMC's post-Tucci future is either SALE or SPLIT

Winter has come early for EMC, with hordes of barbarian activist investors pounding at the gates as CEO Joe Tucci's long reign comes to an end. Snowdrifts are building up against the boardroom's windows, blotting out the C-suite's previous sunny vista. One immediate example of EMC's fortunes changing is the reported collapse of …
Chris Mellor, 25 Sep 2014

For-sale sign erected outside UK reseller titan Kelway's HQ

Venture capitalists and prospective trade buyers will get the chance to take a look under the hood of London-based mega reseller Kelway this week – when investment bankers metaphorically drive the biz onto the forecourt. US finance house William Blair is in charge of selling off Kelway. Our sources close to the company expect a …
Paul Kunert, 14 May 2014
BlackBerry bleeding

Happiness-challenged BlackBerry dumps CEO, gives up on sale

Thorsten Heins' brief reign at the top of BlackBerry (BB) all but ended today as the company formerly known as RIM dumped its chief exec and took down the "For Sale" sign outside its HQ. Heins was plonked into the hot seat in January 2011 replacing joint bosses Jim Balsillie and Mike Lazaridis as sales slumped, but he was unable …
Paul Kunert, 04 Nov 2013
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
Red pen

Ex-state attorney general probes Tech Data CEO's sale of $2m shares

A firm of legal eagles is investigating whether distie giant Tech Data violated state or federal laws by making accounting errors that will wipe millions off its bottom line from recent years. Kahn Swick & Foti (KSF) is also probing CEO Bob Dutkvsky's offloading of $2m in his firm's shares earlier this month The US logistics …
Paul Kunert, 22 Mar 2013

Quantum lays off fifty – prepping for a sale?

Fifty people have been let go by Quantum with some insiders thinking the company is being groomed for a sale, either in whole or in parts. Affected company staff were given the news on Thursday, April 11th. Christine Bachmayer, Quantum's senior manager for marketing in EMEA, said: As we begin our new fiscal year (started April …
Chris Mellor, 15 Apr 2013
apple logo

While you queued for an iPhone 6, Apple's Cook sold shares worth $35m

Apple CEO Tim Cook and four fellow Cupertino execs flogged a load of company stock worth $143m last week. According to a report from Barron's, the five top execs at the iThing giant dumped shares in a scheduled selloff, in the days following the launch of new iPhone 6. Barron's estimates that Cook's sale of 348,425 shares in …
Shaun Nichols, 26 Sep 2014

Apple's $17bn bond sale not such a good deal for investors

Investors in Apple's record $17bn bond offering who didn't hedge their bets have seen millions in value wiped off their investment. Apple 30-year Corporate Bond Price Apple 30-year Corporate Bond Price. Credit: Business Insider/Steven Perlberg, data from Bloomberg The fruity firm sold off the huge amount of debt back in April …

BlackBerry pie sliced up: Nuke-plant OS, BBM chat app, etc sale mulled

Troubled mobe-maker BlackBerry has confirmed it is "exploring strategic alternatives" to remaining as one enormous company - confirming wire reports last week of a potential breakup. The firm formerly known as RIM said a "special committee" has been formed to examine options that "could include, among others, possible joint …
Andrew Orlowski, 12 Aug 2013

IBM x86 sale will disrupt customers and the channel, shrieks Fujitsu

Channel partners and customers of IBM's x86 biz should brace themselves for a period of uncertainty and unpredictability as Lenovo prepares to wolf down the division, rival server maker Fujitsu is warning. The Chinese firm stumped up $2.3bn for the Intel-based volume server unit last month, although the deal is awaiting …
Paul Kunert, 10 Feb 2014

K3 Business Technology Group no longer for sale

K3 Business Technology Group says it has sniffed the offers on the table from prospective buyers and didn't like the smell. The mid-market ERP firm, which has retail software, manufacturing software and managed services units, went public in March that it was reviewing offers from numerous suitors. But more than six months …
Paul Kunert, 18 Sep 2012
Elgato Thunderbolt SSD

Elgato's Thunderbolt SSD goes on sale

TV tuner specialist Elgato's surprise foray into storage goes on sale this week. Elgato Thunderbolt SSD Its solid-state drive is packed into a case the same size as an average portable hard drive. But instead of a USB 2.0 port, there's a Thunderbolt connector. That makes it available for use with modern Macs - and any …
Caleb Cox, 08 Mar 2012

'£100m For Sale' sign plonked outside Northgate MS - sources

Northgate Managed Services (NMS) is up for sale and investment banking biz Jefferies International is doing the hawking, claim sources close to the company. "Northgate Managed Services is up for sale, the reality is that the business has been offered to a number of firms," said a person familiar with the matter. It is …
Paul Kunert, 12 Sep 2012
Microsoft Surface tablets

Surface RT now on sale in 13 more European markets

Continental Europeans who can't think of anything to get that special someone for Valentine's Day might condsider a Surface RT fondleslab, which Microsoft made available in 13 additional markets on Thursday. Until now, the ARM-based tablets running Windows RT have only been available in Australia, Canada, China, France, Germany …
Neil McAllister, 14 Feb 2013
sea_hp_sink

Ex-Palm CEO Rubinstein wishes HP sale never happened

Former Palm CEO Jon Rubinstein is still proud of the work the ill-fated PDA maker did on its webOS smartphone platform, but when asked if he would have done anything differently there's still one thing that sticks in his craw. "Well, I'm not sure I would have sold the company to HP. That's for sure," Rubinstein told industry …
Neil McAllister, 12 Jun 2013

Ballmer SLAM-DUNKS $2 BEEELLLION bid for LA Clippers

Former Microsoft CEO Steve Ballmer might not be in the software business anymore, but he has reportedly still found a way to one-up longtime rival Larry Ellison: by outbidding the Oracle tycoon for a major US sports franchise in the form of the LA Clippers. According to a report in the Los Angeles Times, Ballmer has won a brief …
Neil McAllister, 30 May 2014
Sony Vaio P

Sony bosses will return bonuses as firm preps for BILLIONS in losses

Sony's top brass are set to return their bonuses as the limping Japanese company struggles with predicted billion-dollar losses. Some 40 execs will hand back their Brucies*, which account for between 30 and 35 per cent of their total pay, on the suggestion of chief executive Kazuo Hirai. The Japanese giant is due to unveil its …
Jasper Hamill, 13 May 2014
chart

Maxima sale talks with 'interested parties' are over

Maxima has ended discussions with potential suitors over a sale of the business, the IT reseller and managed services outfit confirmed today. The IBM, Microsoft and Oracle house kickstarted a strategic review in April to explore options including bringing on board outside investment, and selling all or parts of the organisation …
Paul Kunert, 13 Sep 2011
One Windows: Windows 10 will be delivered on multiple device types

ONE MILLION people already running Windows 10

Microsoft has revealed that a million people have signed up for the Windows Insider Program it is using to offer early access to Windows 10 for those willing to test the operating system's early iterations. Of those crash test dummies, Redmond says 36 per cent are running the OS in a virtual machine. That leaves about 650,000 …
Simon Sharwood, 15 Oct 2014
channel

Brocade sale rumours bursting out

Based on a Reuters report, rumours of Brocade shopping itself to private equity buyers are pouring onto the net. Brocade is the dominant supplier of Fibre Channel SAN switches and directors, and also has an Ethernet switch business through buying Foundry Networks. It is struggling to grow fast and make consistent profits. A …
Chris Mellor, 09 Jan 2012

Every billionaire needs a PANZER TANK, right? STOP THERE, Paul Allen

Microsoft co-founder Paul Allen has launched legal action against a firm he has accused of failing to properly sell him a World War II German panzer tank. Don't worry, Allen hasn't gone all tinfoil hat and decided to start a militia. He merely wants to buy a rare German tank for the collection of the Flying Heritage Collection …
Jasper Hamill, 16 Sep 2014
IBM logo and cat

IBM ringing up retail system biz sale to Toshiba?

Is IBM fixing to sell its point of sale hardware and software business to Japanese conglomerate and sometime IT partner Toshiba? That's what a report in the Japanese business daily Nikkei says. Nikkei cites sources saying that Toshiba wants to give Big Blue ¥70bn, or around $870m at current exchange rates, to acquire the Retail …
hands waving dollar bills in the air

Major Comet investor backs sale

Major Kesa Electricals' shareholder Knight Vinke will back the proposed sale of ailing retailer Comet providing it can be signed and sealed quickly with a decent return for investors. According to reports last weekend, the near 20 per cent stakeholder asked Comet parent Kesa to shelve plans to flog the business, which reported …
Paul Kunert, 06 Jul 2011
Cisco CEO John Chambers speaking at Cisco Live! 2014

John Chambers sold millions of shares on first day of Cisco Live!

Paperwork filed with the Securities and Exchange Commission show that as Cisco's CEO was wandering around the Moscone Center keynote room delivering his annual address to the Cisco Live! Conference, his brokers were selling shares in the company hand over fist. According to the latest SEC Form 4 filing, Chambers sold 2,050,000 …
Iain Thomson, 24 May 2014

Trustmarque sold to biz process outsourcing specialist Liberata

Business Process Outsourcing biz Liberata has swallowed troubled Microsoft enterprise partner Trustmarque for an undisclosed sum. The solvent sale was concluded late last night, avoiding the need for the York-headquartered reseller to call in the administrators, something that seemed liked a possibility 10 days ago when issues …
Paul Kunert, 11 Sep 2014
hands waving dollar bills in the air

RM's car-boot sale continues

Beleaguered education IT supplier RM has carved off another piece of international operations with Civica coughing £900,000 for its biz down under. LSE-listed RM is axing one in five jobs from its local workforce as it restructures divisions in response to budgets cuts in the schools market, and is flogging or shuttering non- …
Paul Kunert, 09 Nov 2011
Oracle's Iron Man 2 ad

European Commission okays Oracle's MICROS gobble

Oracle's US$5bn purchase of integrated hardware-maker MICROS has been approved by the European Commission. News of the approval, which landed last Friday, doesn't mean the deal is over the line: Oracle is still reminding shareholders that its offer expires on Tuesday, September 2nd. If Oracle does gobble MICROS it will give the …
Simon Sharwood, 01 Sep 2014
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
homeless man with sign

Best Buy fires parting shot at Dixons with closing down sale

Best Buy may be retreating to its homeland with a bloody nose, but it could yet ruin Dixons Retail's margins this Christmas before it turns off the lights. The American electronics retailer's costly flirtation with UK consumers is coming to an end and the firm admitted last month that one of the reasons why its entry had not …
Paul Kunert, 29 Nov 2011
Punk-styled girl with piercing gazes at an apple

iPad mini to go on sale in one month?

A 'major Apple (AAPL) investor' citing 'multiple sources' says that Apple will inform world+dog next Wednesday of an event to be held on October 17 to announce the much-rumored iPad mini. So says a Monday report by Fortune, which notes that if said source is correct, and if Apple keeps to its usual announcement-to-release …
Rik Myslewski, 01 Oct 2012
hands waving dollar bills in the air

eBay says database leak dump offers are fake

Cybercrooks are offering to sell "stolen copies" of the leaked eBay database through an advert posted through Pastebin. However eBay says the sale is fake. "We have checked all published data and so far none are authentic eBay accounts," eBay's press office told El Reg. Security experts, although far from certain, seem inclined …
John Leyden, 22 May 2014
gavel_judgment_channel

Customer sues Nimbus Data for 'breach of contract' over arrays

Flash array vendor Nimbus Data is being sued by a customer for breach of contract over two Gemini arrays that the purchaser alleges failed to meet "four conditions of sale". The customer is Maximus Inc, a publicly traded company headquartered in Reston, Virginia. It is an operator of government health and human services …
Chris Mellor, 19 May 2014

Systemax goes Dutch, devours SCC Netherlands

Shape-shifting box shuffler Systemax has swallowed SCC's "sub-scale" Dutch division for an undisclosed sum. New York-listed Systemax last night confirmed the bid to the stock exchange, the most significant buy it has made in Europe - where it trades as Misco - since the acquisition of WStore some years back. "The European IT …
Paul Kunert, 02 May 2014

IDC busts out new converged systems charts, crowns Oracle as Platform King

IDC's numerical navel-gazers have delved into integrated systems and found out that Oracle's engineered systems are crapping all over everybody else and FlexPod is winning out over VCE. The IDC quants separate out Integrated platforms, like Oracle's engineered systems, from Integrated infrastructures, like VCE's Vblocks. Here's …
Chris Mellor, 07 Jul 2014
Broke - empty pockets

IBM can't give away its chip business: report

IBM's attempt to offload its chipmaking business to GlobalFoundries saw it dangle a billion dollars in front of the putative purchaser, but that offer was rejected as inadequate. So says Bloomberg, quoting a “person familiar” with the failed deal. IBM's chippery chaps make fine product, but not so fine or in sufficient volumes …
Simon Sharwood, 06 Aug 2014

Salesforce and Microsoft to unleash integrations ... next year

SaaS superpower Salesforce has revealed the details of its cloudy collaboration with Microsoft, and the main detail is that the fruits of the relationship won't be delivered until deep into 2015. Redmond's corporate veep for Windows marketing Tony Prophe appeared alongside Salesforce supremo Marc Benioff at the latter company's …
Simon Sharwood, 13 Oct 2014
SUSE Cloud logo

SUSE Linux owner Attachmate gobbled by Micro Focus for $2.3bn

Attachmate, the software shop that headhunted Novell and SUSE Linux, is itself being bought out by Micro Focus International. The mainframe and COBOL specialist is acquiring Attachmate Group from its parent company Wizard in a deal calculated at $2.3bn before costs. Micro Focus is taking Attachmate Group in exchange for 86.60 …
Gavin Clarke, 16 Sep 2014
Violin

Violin investor: Broken-stringed firm has had FIVE buyout offers

Violin Memory, the troubled top dog in the all-flash array market, has received up to five buy-the-company offers, according to an activist investor pushing for a sale. Gregory Taxin is president of the Clinton Group which is prodding Violin to shop itself after its disappointing IPO and firing of CEO Don Basile. Media outlet …
Chris Mellor, 30 Jan 2014
Phones4u logo

Vodafone to buy 140 Phones 4u stores from stricken retailer

Vodafone has swooped on 140 Phones 4u stores just days after the retailer blamed the operator for contributing to its untimely demise when it slipped into administration late last Sunday. Administrator PwC said in a statement late on Friday that Voda had struck a deal with Phones 4u to re-brand the stores over the next few weeks …
Kelly Fiveash, 20 Sep 2014

Pure Data buys tech services biz Servatech

Yorkshire has witnessed some M&A channel activity with infrastructure reseller Pure Data Solutions leaping into the IT services market after coughing a six figures sum for minnow Servatech. The deal that closed yesterday afternoon will see 38 services bods and techies at Servatech transfer to the new owners, though they will …
Paul Kunert, 01 Aug 2014

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
Child labourers

Tech sector still loves its slaves: study

They avoid paying tax at the top, and avoid paying workers at the bottom: a new study into the supply practises of the tech sector finds most participants don't know where their materials come from and don't really seem to care. That's what emerges from a Baptist World Aid report that scored 39 kit suppliers – covering all …

Opinion

Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that