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It's MY ball! Stone Computers' pre-pack sale placed on ice

Exclusive The pre-pack sale of Stone Computers has been adjourned due to an alleged discrepancy over shareholder voting rights to appoint an administrator, The Channel can exclusively reveal. Directors at the Staffordshire-based PC builder called in administrator Duff & Phelps last month, after defaulting on loan note repayments to the …
Paul Kunert, 23 Sep 2015

Symantec palms Veritas off on private equity group in $8bn mega-sale

As suspected, Symantec has offloaded its Veritas storage business to the Carlyle Group for $8bn - way off the $13.5bn paid for the company in 2004. The Carlyle Group has contributions towards the purchase from GIC, Singapore’s sovereign wealth fund, and other expected co-investors. Symantec expects to receive approximately $6. …
Chris Mellor, 11 Aug 2015
£10 notes. Pic: Howard Lake

Attenda for sale this year? Not on your nelly, says CEO

App hosting and co-lo slinger Attenda was expected to be put up for sale by owner Darwin Private Equity later this year, but postponed the process, and it’s latest financials perhaps explain why. The venture capitalist backed an MBO of Staines-based Attenda in 2011 for £50m and multiple sources told us in May that it had eyed up …
Paul Kunert, 19 Jun 2015
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Serco CEO Soames brags about £250m sale of BPO private sector biz

Scandal-hit Serco has finally resold its private-sector business process outsourcing (BPO) division to the previous private equity owner Blackstone for £250m, equating to a loss of £165m. The division consists of middle and back-office skills across customer contact, transaction and financial processing, as well as related …
Paul Kunert, 16 Sep 2015

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
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

Symantec’s dismal results show need for Veritas sale

Symantec’s latest results, published on the day of the Veritas sell-off announcement, show a 14 per cent revenue decline and 49 per cent profit fall on the annual compare. Revenues of $1.5bn produced profits of $117m, compared with $1.74bn and $236m respectively a year ago. On the sequential compare, the previous quarter’s …
Chris Mellor, 12 Aug 2015
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

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
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

Computacenter CEO: Currency headwind? Yep, that hurt alright

For a business, not losing sales ground in these uncertain economic times might be considered something of an achievement in itself. If so, Computacenter bosses will be downing celebratory doubles this morn. In the half year to 30 June, the services-based reseller reported sales of £1.44bn – flat compared with a year ago, but …
Paul Kunert, 28 Aug 2015

Trustmarque: 2014 was a helluva year – for all the wrong reasons

Trustmarque swung to a loss in a challenging 2014 caused by a write-down of acquired Opin Systems, the correction of overstated profits in the prior year and commercial uncertainty leading up to its sale to Liberata. The licensing specialist turned over £135.4m in the twelve months, £99m of which was based on Microsoft …
Paul Kunert, 02 Oct 2015
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

Told ya! Coms flogs telco arm to Timico in £2.5m deal

Hard-pressed B2B communications provider Coms Plc confirmed this morning it is to offload the telco arm to Timico for an initial cash splurge of £2.5m. As exclusively revealed by us late last month, the London-listed business hired Knight Corporate Finance to manage a fire sale of the division following a failed restructuring …
Paul Kunert, 26 May 2015
Boarders take over a ship

Imation now fully under activist investor's control

Imation's progress towards its uncertain future of big changes has taken another step forward, as an activist investor took the board chair after getting the CEO ejected from his directorship. The Clinton Group – disgusted with Imation's downward revenue spiral and deepening losses – instituted a proxy war, which saw CEO and …
Chris Mellor, 21 Aug 2015
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

Dixons Carphone still has 7.5k Windows XP EPOS systems

Dixons Carphone is still using thousands of EPOS tills running on Windows XP more than a year after Microsoft’s extended support expired, The Register has learned. This is not the Embedded flavour of the OS (though even these would present a heightened risk of attack, say security experts) but 7,000-plus bog standard XP …
Paul Kunert, 18 Aug 2015

Administrator tries to squeeze blood out of Stone Computers' parent

Exclusive Senior execs at financially strapped Stone Computers Ltd (SCL) have bid £28.43m to buy the business in a pre-packaged sale after placing the parent company Stone Bidco into administration. But under pre-pack regs, administrator Duff & Phelps has to allow 45-days for someone else to make a rival offer and Stone founder and …
Paul Kunert, 28 Aug 2015

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

Symantec selling Veritas to private equity firm – report

Symantec’s soon-to-be-split-off Veritas business is destined for private equity ownership, according to Bloomberg. The buyer is said to be the Carlyle Group and it will pay something between $7bn and $8bn for a business, which has forecast $2.6bn annual revenues. It’s been noted for some time that there is no CEO identified …
Chris Mellor, 09 Jul 2015

Oh Jeez, not now! Activist investor threatens Violin Memory

Violin Memory’s board is under attack from the Clinton Group, an activist investor wanting to have talks about “a number of topics germane to creating shareholder value”, meaning an asset or company sale. Apparently it’s been a shareholder for almost two years and has been pushing for talks for some time. Violin’s board has …
Chris Mellor, 31 Jul 2015
Boy slurps watermelon. Credit: Shutterstock

Six Degrees separates: Sold to Charlesbank Capital Partners

Private equity biz Penta Capital has agreed to sell hosting and managed services outfit Six Degrees to funds affiliated with Charlesbank Capital Partners for an undisclosed sum. The business came onto the market in February with corporate financier DC Advisory managing the sale process, as El Chan exclusively revealed. …
Paul Kunert, 17 Jun 2015
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

Gobblefest on horizon for managed services pair

The sales process for a couple of native data centre providers is gaining some momentum, with Six Degrees edging closer to a deal and Adapt appointing a corporate financier to market the business. London-based Six Degrees called on DCC Advisory in February to sell the voice and data hosting firm by April, as we exclusively …
Paul Kunert, 15 May 2015
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

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 …

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

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

WHOA! Windows 10 to be sold on USB drives – what a time to be alive

Truly these are magical days: Microsoft has confirmed that Windows 10 will indeed be sold on USB thumb drives rather than just on optical discs, confirming internet mumblings that have been current for some time. Over on, pre-order pages show that the operating system will be available on media other than DVDs. A …
Kelly Fiveash, 19 Jul 2015

EMC sells Syncplicity sync'n'share biz to Skyview Capital. Told ya!

EMC has divested its Syncplicity Dropbox clone enterprise file sync and share, which has been scooped up by private investment outfit Skyview Capital - confirming the rumours El Reg brought to you earlier today. EMC acquired Syncplicity in 2012, quickly binding it to the Atmos and Isilon products and imbuing it with enterprise …
Simon Sharwood, 07 Jul 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

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

Fiorina: I rushed out HP servers to power NSA snooping. Mwahahaha!

US presidential hopeful Carly Fiorina has boasted that HP sold the NSA servers that allowed the agency to build a system for mass surveillance. Servers originally earmarked for retail customers were shipped to the NSA instead, to power a warrantless surveillance programme codenamed “Stellar Wind”, approved by then-president …
John Leyden, 29 Sep 2015

HP won't squeeze itself into 3D printer consumer market

Canalys Channels Forum HP is on track to launch into the 3D printing market next year, but don’t expect to be printing off your own plastic goodies anytime soon. HP Inc boss-to-be Dion Weisler told an audience at the Canalys Channels Forum today that development of its 3d printer offering was progressing apace. “We are broadly on track. We said we’ …
Joe Fay, 07 Oct 2015

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
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
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
£10 notes. Pic: Howard Lake

Channel vets eyeing up investments from atop mount cash

Channel merchant bank MXC Capital is sitting on a pile of cash and finance facilities that will be used to grab minority stakes in managed services outfits, software players and FinTech start-ups. The London Stock Exchange-listed buy and build vehicle founded by industry vets Ian Smith and Tony Weaver yesterday acquired …
Paul Kunert, 26 Aug 2015

Lockheed Martin's bored with IT and going back to fast jets

US defence giant Lockheed Martin is considering flogging off its under-performing government IT division. During an announcement about its second-quarter financial results the company said it will conduct a strategic review of the government IT infrastructure services business. The programmes to be reviewed represent …
Kat Hall, 22 Jul 2015

Ingram Micro feasts on European old-mobe specialists

First Ingram Micro dug deep to acquire handset seller Brightpoint and now it is buying up companies to deal with the devices in middle age and at the end of their life. The tech wholesaler has subsumed CANAI Group, which specialises in trade-ins, reuse, recycling and global redistribution. High Wycombe-based CANAI runs a …
Paul Kunert, 23 Jun 2015


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Chris Mellor

Tech Unplugged sees Reg presenter unplugged


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