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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
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

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

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

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 …

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
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

'£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
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
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
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
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
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
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
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
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
euros_channel_money

Dimension Data hoovers up NextiraOne's Euro operations

Dimension Data has hoovered up certain subsidiaries of comms and networking integrator NextiraOne after the deal was given the green light by the European Commission's Mergers and Acquisitions team. The cash terms were not disclosed but initially Di Data will swallow 13 Euro country operations – including the UK – and, dependent …
Paul Kunert, 04 Feb 2014
IBM Selectric Golfball

IBM renews attempts to offload server biz: report

IBM is trying to offload its “low-end” server business, according to The Wall Street Journal. The Journal's report suggests Dell hasn't turned up its nose in disgust at the idea of buying Big Blue's server unit and that Lenovo could also be sniffing around. IBM's motivation for selling off low end servers is not clear, nor is …
Simon Sharwood, 20 Jan 2014
Job cuts jpeg

IBM job cuts: Big Blue starts 'slaughter' of Indian and European workforce

IBM has begun slicing away at its workforce in India and Europe, as the company tries to shift its business to more lucrative, higher-margin technologies. The job cuts were confirmed by a representative for the IBM Union Alliance to The Register by email on Wednesday after a report was published describing a mass layoff in India …
Jack Clark, 12 Feb 2014

Broker accuses FAST of scaring users off secondhand software

The Federation Against Software Theft is talking up the dangers of buying recycled software, claiming that existing laws are insufficient to protect firms that opt for recycled licences. The trade group initially weighed into the debate last week, ripping up software broker Discount Licensing's (DL) membership after it settled a …
Paul Kunert, 12 Feb 2014
channel_teaser_money_top

Cough up or else, HMRC tells storage channel biz

Surrey-based storage player Glasshouse Technologies has been slapped with a winding-up petition over unpaid debts from the tax bulldogs at HM Revenue and Customs. HMRC used to issue these orders like they were going out of fashion because it was first in the queue as a preferential creditor if a business went under as a result …
Paul Kunert, 20 Mar 2014
chart

eBuyer £1 sale fail: Customers vent fury... on Facebook

eBuyer is facing a mini customer revolt on Facebook over the collapse of its website during the £1 sale on Cyber Monday. The etailer says that an unprecedented numbers of visitors caused the portal to crash leaving many "frustrated", but people took to the social media site to voice their disgust. Customer Mark Herridge posted …
Paul Kunert, 30 Nov 2011

Lenovo haggling with IBM over price of System X... AGAIN

High-flying PC maker Lenovo has confirmed it has re-taken a seat at the negotiating table with an unnamed server vendor, widely believed to be IBM. That Big Blue is committed to offloading its System X unit - the x86 division that was the subject of sale talks with Lenovo last year - would come as no surprise to anyone involved …
Paul Kunert, 21 Jan 2014

Dell feels cold probe of US Dept of Justice amid Syria PC sales claims

US authorities are investigating claims of embargo-busting sales of Dell computers to the Syrian government. It is understood officials at the US Department of Justice (DoJ) are looking into allegations that the equipment was resold into the blood-stained nation despite strict trade sanctions. The probe was revealed this week …
Gavin Clarke, 10 Dec 2013

Ex-CEO Elop's plunder to total $25m in voyage from Nokia to Microsoft

Outgoing Nokia CEO Stephen Elop will receive compensation and bonuses totaling approximately $25.4m as he departs the company for his new position at Microsoft. The payout was revealed in proxy materials for the Finnish firm's "Extraordinary General Meeting" to be held on November 19, during which shareholders are expected to …
Neil McAllister, 19 Sep 2013

Report: IBM to peddle its chip wing

IBM is rumored to have retained Goldman Sachs to help it put a price on its semiconductor division. The news was reported by the Financial Times on Thursday afternoon, California time, and follows IBM's long-expected announcement of the sale of its server division to Asian electronics giant Lenovo. At the time of writing …
Jack Clark, 07 Feb 2014
Screenshot of Microsoft promotional video touting Office 2013's cloud integration

Office 365 Microsoft's fastest growing business, ever - Microsoft

Office 365 is the “fastest growing business” in Microsoft’s history, the software giant has claimed. Microsoft reckons it has seen a 150 per cent increase in the number of small- and medium-sized businesses (SMBs) adopting Office 365 in the last year. Windows Azure, the company’s alternative to Amazon’s public cloud, now has …
Gavin Clarke, 21 Jan 2014
Dunce

Second-hand software broker: OK Microsoft – we made a mistake

Recycled software broker Discount-Licensing says it fell foul of trademark copyright laws by importing Microsoft licences from the US but reckons its "core" business is squeaky clean and outside the clutches of litigators. It emerged this week that the Birmingham-based small biz trader coughed a "significant sum" in damages and …
Paul Kunert, 05 Feb 2014

HP 'KNEW' about Autonomy's hardware sales BEFORE the whistle blew: report

HP knew about Autonomy's hardware and reseller sales long before a whistleblower pointed them out and the company wrote down its acquisition by $8.8bn, the Financial Times has claimed (paywall), citing emails and Deloitte audit reports. HP has accused Autonomy of "accounting improprieties, misrepresentations and disclosure …

Shareholders' advisors back Big Mike's deal to take Dell private

Dell continues to insist that founder Big Mike's offer to take the firm private is what's best for it, announcing today that proxy advisory firms Institutional Shareholder Services (ISS), Glass Lewis and Egan Jones are all recommending it. “We are pleased that all three of the nation’s leading proxy advisory firms have …
Jurassic Park Ultimate Trilogy Blu-ray disc set

Fujitsu: PC market... doomed? LOLZ. NOT FOR US, pal

Japanese firm Fujitsu has been helped along to a profit in the last quarter of 2013 by the weaker yen and strong sales in the enterprise sector. The company even managed growth in the sale of PCs, no mean feat in the current PC market nightmare, as it upped sales primarily to business customers. Fujitsu said its net profit for …
sir_peter_rigby_big_channel

One airport not enough for SCC kingpin Sir Peter Rigby

Sir Peter Rigby, chairman of tech reseller giant SCC, has chosen to invest some cash made from the sale of his IT wholesaling arm into a controlling stake in Exeter International Airport (EIA). Moving into the aviation industry is not a new direction for Sir Peter, as his holding company, the Rigby Group, already owns Coventry …
Paul Kunert, 26 Jun 2013

Not so FAST: Another discount software broker BOOTED OUT

A second software licence broker has been kicked out of the Federation Against Software Theft (FAST) in what appears to be a crackdown against those selling its members' software at discounted rates. Value Licensing has had its application for renewed membership FAST turned down, it has told The Reg. The company specialises in …
Gavin Clarke, 20 Feb 2014

US giant Juniper bites off webby arm of Basingstoke's security boys

Brit managed security services player Accumuli has sold its Webscreen Systems Ltd (WSL) subsidiary to US giant Juniper Networks for $10m (£6.37m). AIM-listed Accumuli picked up DDoS software maker WSL as part of the Boxing Orange acquisition it made in March 2011, a deal which cost it £5.48m in total - meaning that outlay has …
Paul Kunert, 04 Feb 2013

Cash-strapped AMD drills for green gold in Lone Star State

Processor bakery AMD will sell off and lease back its offices in Austin, Texas, to raise $164m in much-needed cash. The chipmaker will sign a 12-year lease on the "Lone Star Campus", with an optional extension clause if the firm decides to stay on at the location. It's not the first time that AMD has shifted some real estate to …
HP Chromebook 11

Chromebook 11 CATCHES FIRE at last, FLIES off shelves

HP's Chromebook 11, which the world got excited about back in October because it appeared to be the first charge-over-USB laptop, has been pulled from sale because charge-over-USB is too hot to handle. Literally. Google has issued what it's euphemistically calling an ”important update” about the device saying it and HP “... are …
Simon Sharwood, 13 Nov 2013

Easynet founder CEO Rowe shown door - sources

Easynet founder David Rowe has been given the heave-ho from his position as CEO by venture capitalist backers Lloyds Development Capital (LDC), according to sources. Rowe launched the ISP in 1994 and was at the main deck during a time of change - its flotation on AIM in 1996, the reverse takeover of Marconi's UK telco business, …
Paul Kunert, 10 May 2013

Alca-Lu plots enterprise exit, again

Alcatel-Lucent once again hopes to exit the enterprise business to concentrate on the carrier and service provider markets. Reuters is reporting the move as part of Alca-Lu's plan to shed €1 billion worth of assets by 2015. The news agency's sources have told it that Lazard Limited is advising the vendor on the sale. Finding a …

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
graph up

HP flip-flops on sale of Personal Systems Group

Meg Whitman, who in September replaced the deposed Leo Apotheker as president and CEO of HP, has decided that “exploring options” for the company’s PC business will not, after all, involve selling the division. Whether in response to indifference to the opportunity to buy its Personal Systems Group, or because it’s decided there …
ProtecTIER

IBM handing pink slips to Israel-based Diligent devs - reports

Israeli media outlets are reporting that IBM is laying off product developers at its Diligent operation but leaving support staff roles untouched. According to Israeli biz news site Calcalist, Diligent, XIV, and Storwize – all three Israeli companies acquired by Big Blue – were housed by the firm in the R&D division of its …
Chris Mellor, 14 Feb 2014
Sorry we're closed

Brit schools' supplier Tribune Business Systems RUBBED OUT

Education tech supplier Tribune Business Systems (TBS) has gone into administration due to crippling cash flow issues with FRP Advisory handling the affairs. CEO Sheldon Stoutt was understood to have been looking for additional investment but this did not materialise, and the company called in the receivers in the middle of last …
Paul Kunert, 04 Mar 2014
Microsoft Surface tablets

Microsoft's battery-boosting Surface slab cover to ship soon

Six months after launching the second generation of its Surface tablets, Microsoft says it is finally ready to begin shipping an accessory that it says can extend the battery life of the fondleslabs by as much as 70 per cent. The Surface Power Cover was announced during the Surface 2 launch but wasn't immediately available for …
Neil McAllister, 11 Mar 2014

UK storage integrator Glasshouse Tech goes titsup

Glasshouse Technologies has called the administrators into its UK ops after directors exhausted all possible solutions to heal the sickly infrastructure services integrator. El Chan can reveal that KPMG Restructuring answered the cries for help on 27 March just days before Glasshouse was due to attend a winding up petition at …
Paul Kunert, 02 Apr 2014

Sony battery recall as VAIO goes out with a bang, not a whimper

If you're one of the few people who bought a Sony VAIO Fit 11A laptop/tablet convertible unit in the last few months, you need to unplug it immediately and step away from the system, Sony has warned. "It has come to our attention that some of the internal, non-removable battery packs provided to us by a third party supplier and …
Iain Thomson, 11 Apr 2014

Never mind the HORSE MEAT, trading standards cuts'll hurt IT crowd, too

The Federation against Software Theft (FAST) and the Trading Standards Institute (TSI) have said they're very concerned about standards budgets in England and Wales being slashed by an average of 40 per cent. While TSI is worried about the next horse-meat scandal or children being harmed by counterfeit toys if trading standards …

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Enormo security firm needs to get serious about acquisitions

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