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Articles about Sale

No Sale

PwC: Forget margin, tech biz, HUSTLE for that SALE

The phrase "turnover is vanity, profit is sanity" apparently does not apply to the tech sector, with PwC advising companies this year to focus on revenue growth above margins and "yield maximum shareholder value". According to the report 2015 Technology Industry Trends this is particularly important in a "volatile market", which …
Kat Hall, 27 Jan 2015
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

Google vs. AWS race to the bottom detours into Super SSD Spring Sale

Over the last year or so, Google, Amazon Web Services (AWS) and Microsoft's Azure have delighted in pointing out that they do just what the other guy does, only cheaper. So even while IOPs, CPU speeds, volume sizes and other metrics have gone up, the big cloud players have made a point of also taking their prices down. Until, …
Simon Sharwood, 22 Apr 2015
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
BlackBerry Classic QWERTY key smartphone

Samsung BlackBerry gobble DENIED: We're not for sale to Sammy – execs

Samsung was today rumored to be eyeing up acquiring BlackBerry for $7.5bn – until the Canadian biz point-blank shot down the anonymous claims within hours later. Reuters cited unnamed well-placed sources in announcing the South Korean giant was in talks with BlackBerry so it could snap up the troubled phone maker's patent …
Shaun Nichols, 15 Jan 2015

UK biz Six Degrees puts up 'For Sale' sign outside corporate HQ

A sales process is under way at mid-market managed voice and data hosting biz Six Degrees, with a corporate financier appointed to sniff out interested buyers. Private equity backer Penta Capital is eyeing up the exit route four years after stumping up £60m to back the former management team at SpiriTel to execute a buy-and- …
Paul Kunert, 05 Feb 2015
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
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

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
Doomsday clock

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

Comment 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
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
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

Adapt Managed Services to be sold this year, whisper sources

Managed services and cloudy hosting biz Adapt is putting corporate finance houses through their paces before choosing one to manage a sale of the operation. Private equity firm Lyceum Capital coughed £30m for a majority stake in London-based Adapt in 2011 and multiple sources reckon the business will be on the market again from …
Paul Kunert, 21 Apr 2015

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

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 …

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

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
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
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

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
management regulation2

HP's $3 BEELLLION Aruba buy ‘significantly undervalues’ wireless operator

Hewlett-Packard’s proposed $3 billion purchase of wireless mobile specialist Aruba Networks is facing a legal hurdle. A case has been filed in a US court against HP, Aruba, its management and board members claiming HP’s price drastically undervalues the firm. The case (5:15-cv-01502) claims the proposed deal is unfair, because …
Gavin Clarke, 20 Apr 2015

'£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

Are CSC's mega-costly NHS contracts finally turning a profit?

CSC's troubled billion-pound NHS contracts finally appear to be turning around, chief executive Mike Lawrie revealed in a conference call. However, it is unlikely the firm will ever recoup its money from the defunct systems, which have cost the company close to £2bn. In a conference call for CSC's second quarter earnings Mike …
Kat Hall, 11 Nov 2014

Node4 buys app developer and cloud purveyor Reconnix

Lloyds Development Capital-backed Node4 has snapped up non-proprietary application development and professional services outfit Reconnix. The bolt-on buy of the Newark-based minnow will serve as the open source division for Node4, which provides co-location from four DCs that it operates, and managed tech and comms services to …
Paul Kunert, 30 Mar 2015
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
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
Roughly 150kg of gold

Private equity grabs Informatica for $5.3 BEEEEEELLION

Data management software player Informatica is now in the hands of private equity overlords, after an eye-watering $5.3bn buy-out was signed and sealed. It seems company execs were listening to activist investor Elliott Management, which owned 9.4 per cent of Informatica's shares, and some months back had called for the business …
Chris Mellor, 07 Apr 2015
hands waving dollar bills in the air

Symantec may flog off Veritas – but where's the CEO hunt at?

Symantec is being pressed to sell its Veritas storage unit to private equity instead of floating it as an independent publicly-owned business, according to reports over the weekend. Symantec intends to split itself into separate security and storage businesses as a way of re-igniting growth for both. CEO Michael Brown will run …
Chris Mellor, 13 Apr 2015

Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness

A legal firm has launched a class action against Apple over claims the 2011 MacBook Pro suffered from "random bouts of graphical distortion, system instability and system failures". In the legal complaint, the plaintiffs said the "computer was described by many as a dud and defective from inception". The laptops in question …
Jasper Hamill, 29 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
IBM Watson QA Power7 cluster

IBM buys 'deep learning' upstart Alchemy API, inhales 40,000 devs

Big Blue has taken a break from its busy axe wielding cost-cutting schedule to buy startup AlchemyAPI and insert 40,000 developers into its "community". Deep learning upstart Alchemy API collects, sifts through and analyses unstructured text and data. According to Big Blue, the acquisition will boost IBM's "Watson ecosystem". …
Kat Hall, 04 Mar 2015
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

BLAME ENGINEERS: Workstation sales soar by 8.9 per cent a year

One of the more prized wins in reseller-land is a sale of workstations, because the heavy lifting such machines perform generate lots of data. That means a chance to talk storage, networks and many other topics, making workstations a fabulous foot in the door. Plenty of folks will therefore be rather happy that market-watcher …
Simon Sharwood, 13 Feb 2015
No Sale

PC sales dip below 2009 levels, with Japanese sales off 44 per cent

68.5 million PCs trundled off the world's production lines in 2015's first quarter, the lowest number since 2009 according to box-watcher IDC. The news isn't all bad: the analyst firm had previously predicted a lower number. But it's still a 6.7 per cent dip on last year's first quarter. Newer PC designs are exciting punters, …
Simon Sharwood, 10 Apr 2015

US reseller titan buys minority stake in Kelway MBO – sources

Exclusive One of the largest US resellers, CDW, has crossed the Atlantic to take a minority stake in mid-market focused tech supplier Kelway, The Channel can reveal. OOPS! The sales process began in earnest back in January when Kelway appointed US investment bank William Blair to put together a 97-page Information Memorandum and oversee …
Paul Kunert, 06 Nov 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 …

Sources: Coms calls on corporate financer to flog telco biz

Embattled London-listed corporation Coms plc has tasked Knight Corporate Finance with finding a buyer for its voice division – and sources tell us that time is of the essence. The business comms outfit, which split with CEO David Breith in February after a boardroom bust-up, enlisted Paul Billingham, founder at Knight, last week …
Paul Kunert, 17 Apr 2015

Ballmer SLAM-DUNKS $2 BEEELLLION bid for LA Clippers

Updated 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

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
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
Shopping trolley. Pic: Mikey, Flickr

Coms: Yes, we DID appoint advisors to flog off our voice biz

Troubled London-listed Coms plc has publicly stated it is working with a business advisor to carve off part of its operation, following an El Chan report that it called upon Knight Corporate Finance (KCF) to sell its voice division. As revealed by us on Friday, Paul Billingham, founder and joint partner at KCF, was told to get …
Paul Kunert, 20 Apr 2015
Rows of washing machines in shop aisle

Just LOOK at this filthy Imation linen, screeches furious Clinton Group

The Clinton Group, wanting to have its own slate of Imation board members, has released an emphatic diatribe of a proxy vote presentation, designed to disgust investors with what it says are the value-destroying failings of the current board and CEO. The activist investor group pulls no punches, repeatedly saying that Imation's …
Chris Mellor, 15 Apr 2015
BlackBerry Passport

Who's that sniffing around BlackBerry? Oh, is it YOU again, Lenovo?

Lenovo may be close to a deal to acquire Canadian smartphone maker BlackBerry – for real, this time – according to multiple reports. Citing anonymous sources, Canadian broadcaster CBC claimed on Monday that the Chinese equipment maker is planning to offer to snap up ailing BlackBerry at around $15 per share. The Toronto Sun and …
Neil McAllister, 21 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

Features

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money trap conceptual illustration
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