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Vanishing EMC golden handcuffs could cause brain drain

Stock option-incentivised EMC staff could brain drain out of the company as the Dell acquisition will cash-out their stock options, de-incentivising them. We're told by an EMC insider that: "All EMC golden handcuffs disappear at the Dell acquisition. That is, immediately prior to the acquisition, all EMC restricted stock units …
Chris Mellor, 17 Jun 2016
Cash in brown paper envelope CC 2.0 attribution StockMonkeys.com

Ex-SAP exec and pals accused of $500,000 insider trading scam

A former SAP executive and his associates allegedly ran an insider trading ring to net hundreds of thousands of dollars. Chris Salis was, until recently, global vice president and general manager for procurement at SAP. US financial watchdog the SEC claims he used his inside knowledge of SAP's takeover of Business Objects in …
Iain Thomson, 16 Jun 2016
 Good GCSEs should cost parents a Jesus-phone

Here's what six storage suppliers will be doing for the next year or two

Analyst haus Stifel Nicolaus' MD, Aaron Rakers, has had some fireside chats with senior execs from Brocade and QLogic, Pure and Nimble, Seagate and WDC at a Stifel Nicolaus Technology, Internet & Media Conference in San Francisco. The execs gave their thoughts on HDD demand, HAMR HDD tech, NVME over fabrics, Gen 6 Fibre …
Chris Mellor, 10 Jun 2016
Virgin Media Tivo

Tivo's new owner ponders binning its own boxes

Tivo's new owner Rovi has hinted that it might get out of box retailing and focus on software and services. The source of the news is an SEC filing that records a presentation Rovi made to analyst firm Cowen and Company's Technology, Media and Telecom Conference. The document details Rovi chief financial officer Peter Halt's …
Lawyer up

Oracle to sue cloud sales 'whistleblower' for 'malicious prosecution'

Oracle isn't known as a shrinking violet when it comes to legal battles, and it's coming out swinging over allegations that it was playing fast and loose with its cloud revenue reporting. On Wednesday, Svetlana Blackburn filed a lawsuit with the US district court in San Francisco claiming that she was fired from the company …
Iain Thomson, 02 Jun 2016
Roughly 150kg of gold

Nutanix goes cap in hand to Goldman Sachs for $75m loan

Hyper-converged startup and IPO wannabe Nutanix finds itself in hock for $75m to Goldman Sachs after it was forced to take out a loan because its fund-raising IPO was delayed. An amendment to its S1 SEC filing says that Nutanix has borrowed $75m from Goldman Sachs, its IPO advisor: “ In April 2016, we issued an aggregate …
Chris Mellor, 01 Jun 2016

Argos defection to Tech Data whips Ingram Micro's bottom... line

The loss of a retail supply contract with Argos helped push Ingram Micro’s European sales growth into the barrier’s during car crash Q1 financials. The US-headquartered tech distributor reported sales of $2.66bn on this side of the pond for the period ended 31 March. This was down 13.35 per cent year-on-year. Ingram is being …
Paul Kunert, 03 May 2016
Man loads in blanket into the washing machine. Photo by Shutterstock

EMC results: It'll all come out in the post-Dell deal wash

+Comment EMC saw many pockets of growth in its first fiscal 2016 quarter’s results but overall revenues declined because core legacy product revenues fell, as did RSA and the enterprise content business. These declines more than offset the impressive growth rates of newer products. In the EMC earnings call, CEO and chairman Joe Tucci …
Chris Mellor, 21 Apr 2016
CEO Rob Beardon - Image via hortonworks

Hortonworks CEO tells El Reg: 'Clearly there's a lot of work to do'

Interview Hortonworks CEO, Rob Bearden, told The Register that “clearly there's a lot of work to do” as the business attempts to stop burning cash by the end of 2016. In an interview in The Marker hotel in Dublin, just across the River Liffey from where Hortonworks was hosting its EMEA Hadoop Summit, Bearden reaffirmed that the Santa …
Suitcase full of money

Dell infosec unit SecureWorks given $1.42bn price tag in IPO

Dell's cyber security subsidiary SecureWorks has been valued at up to $1.42bn ahead of an initial public offering. SecureWorks filed to go public in December 2015. The S-1 form placed with the United States Securities and Exchange Commission (SEC) at the time offered a $100m placeholder figure before the valuation, though this …

Nutanix cracks its first $100m quarter

Nutanix has cracked US$100m in quarterly revenue for the first time. The magic number - $102,697,000 to be precise, emerged in amended pre-float documentation it has lodged with the United States Securities and Exchange Commission. The amended Form S-1 now includes the quarter to January 31st, 2016. That quarter was a beauty …
Simon Sharwood, 05 Apr 2016
K2

Pure Storage's coming high-end array: We have the details

We can tell you a few more juicy details about Pure's coming high-end array, and we're deducing that SolidFire has a product capacity refresh coming. What we knew was that the new range-topper would boast up to 1.5PB usable capacity using 4 and 8TB 3D NAND modules (SSDs). It would have always-on QoS, support thousands of …
Chris Mellor, 30 Mar 2016

Intel tock blocked for good: Tick-tock now an oom-pah-pah waltz

For more than a decade, a staple of Intel's defense of Moore's Law has been a development methodology known as "Tick-Tock," but it's had its day. The news emerged in an almost-unnoticed 10-K filing from earlier this month, submitted by Chipzilla to US financial watchdog the SEC. Here's how the tick-tock works: Intel first …
shutterstock_183801788_container ship

Judging by these numbers, Dell can't wait for EMC to turn up and unload its storage

Dell's storage revenues are declining while its servers and networking figures increase. Of course, when Dell buys EMC, that'll sort out Dell's storage numbers. The figures were revealed in a filing submitted by Dell to US financial watchdog the SEC on March 11. The dossier includes revenues for its Enterprise Systems Group ( …
Chris Mellor, 15 Mar 2016
Michael Dell, photo: Dell

Private Dell mostly makes PCs – and its sales of those are down

Dell isn’t exactly in rude financial health as it marches ever closer to the $60bn+ acquisition of EMC – at least, judging by P&L accounts the privately-held Texan tech firm filed with the US SEC. The mammoth Form s-4 is supposed to paint a painfully honest picture of the businesses current position and the potential risks of …
Paul Kunert, 15 Mar 2016

Dell plans sale of non-core assets to reduce EMC buy debt

Dell and EMC have agreed on the documentation to be put to the latter's shareholders at a forthcoming meeting that will vote on the merger of the two companies. And the document reveals that Dell plans to sell off some non-core businesses after the merger. The document in question is a Form S-4, one of the many regulatory …
Simon Sharwood, 15 Mar 2016
bang_648

Pure uncloaks rack-scale FlashBlade object filer for unstructured data crowd

FlashBlade is Pure Storage’s rack-scale flash system for multi-protocol access to unstructured data and the first all-flash object-based unstructured data storage system. Although its rack-scale is differentiated from EMC’s DSSD rack-scale flash system, which is primarily for latency-sensitive structured data. It is a …
Chris Mellor, 14 Mar 2016
StoreOnce_5500

HPE targets flashy and flash-adjacent types with trio of arrays

HPE, involved in frenetic storage activities, has launched three new arrays: a hybrid StoreServ, and single and multi-node StoreOnce deduplicating backup to disk systems. There’s also a Get Thinner Guarantee program for wannabe storage capacity dieters. The 3PAR 20840 converged flash array is basically the all-flash 20850 …
Chris Mellor, 11 Mar 2016
jigsaw_puzzle_648

Dell-EMC Federation, stardate 11254.7: What about the storage?

Comment With SEC filings describing the top execs heading the intended Dell-EMC federation, the structure of the storage business becomes clearer. Basically – and surprisingly – there is no change yet. Looking at the roles of the level 2 execs reporting to Michael Dell, we now know: Michael Dell runs the whole show, Joe Tucci …
Chris Mellor, 03 Mar 2016

VMware licence changes put users on upgrade treadmill

VMware's recent vSphere licensing changes are upsetting some users. Virtzilla's changes mean the vSphere Enterprise package goes away, replaced by the vSphere Enterprise Plus. As the name implies, the second package has more stuff in it: you get big data extensions, support for GPUs, a distributed switch and lots more vFun. …
Simon Sharwood, 02 Mar 2016
Lego wedding by https://www.flickr.com/photos/advedder/  cc 2.0 attribution generic

Two flashy VMAX bridesmaids bare ankles at EMC's DSSD groom

+Comment EMC has two new all-flash VMAX products as a result of re-engineering aspects of the VMAX design to lower latency. The company now has four all-flash array product families; XtremIO for relatively standard all-flash workloads; the DSSD D5 for extreme high-performance; VMAX for high performance and huge capacity inside the VMAX …
Chris Mellor, 29 Feb 2016
EMC Cork's DSSD D5 unit

EMC’s DSSD all-flash array hits the streets, boasting 10m IOPS

+Comment EMC has launched its all-flash, rack-scale DSSD D5 array* offering 10 million IOPS and 144TB in 5U of rack space. Other headline numbers for what EMC calls its rack-scale flash array are 100 microsecond latency and 100GB/sec bandwidth. Consider the D5 product as being suited for “emerging next-generation applications based on …
Chris Mellor, 29 Feb 2016

Ker-ching! IBM paid 10 times Cleversafe’s funding for the startup

IBM has revealed it shelled out $1.309bn for Cleversafe and its object storage software in October last year. This tidy cash sum, almost 10 times Cleversafe’s total of $135.4mn funding, was included in a 10-K document IBM filed with the SEC on Feb 23. That represents a lovely payout for Cleversafe’s investors. IDC reckons …
Chris Mellor, 25 Feb 2016
Panic button

Imation owner to Violin: Talk now or it's (proxy) war

Happy weekend guys and let us in, or else it's proxy war. On Friday the Clinton Group and Imation, both stockholders of Violin Memory, sent a forceful letter to Violin's Board about the ongoing sale process and a need for dialogue. Imation is controlled by the Clinton Group. The two companies believe that troubled Violin …
Chris Mellor, 20 Feb 2016
Toshiba SG5 M2

Toshiba rolls out PC-busting monster: 1 terabyte TLC flash SSD

It’s a PC disk drive killer: a 1TB SSD built by Toshiba, using TLC flash, and built with 15nm cell lithography. The SG5 series comes in both M2 and 2.5-inch SSD format and signals a wave of product refreshes as Toshiba's existing 19nm SSD products are changed over to use denser 15nm NAND during the next six to 12 months. With …
Chris Mellor, 17 Feb 2016
Toilet roll printed with fake US $100 bills

Dell all-hands staff letter says EMC takeover funds are in the bag

Dell has written to its global workforce, advising them that its transaction to acquire EMC is on track. In a letter recorded by to the United States Securities and Exchange Commission (SEC), Dell chief integration officer Rory Read says “I want to address some of the chatter over the past few weeks about possible financing …
Simon Sharwood, 17 Feb 2016
Suitcase full of money

US software biz fined $28 million for bribing Chinese buyers with free vacations, gifts

Massachusetts-based software maker PTC and two of its Chinese subsidiaries have been fined $28m for bribing buyers in the Middle Kingdom. US regulator the SEC found that PTC, which builds design and process management software, broke the Foreign Corrupt Practices Act (FCPA) between 2006 and 2011. The American biz bunged …
Iain Thomson, 16 Feb 2016
Toilet roll printed with fake US $100 bills

Imation: Data storage? No, come to us for, er, investment advice

Analysis Activist investor-controlled Imation is setting up an investment advisor subsidiary and putting $20m into an offshore investment fund controlled by the activist investor controlling Imation. In an 8-K SEC filing, Imation stated its management "approved a plan to establish a registered investment adviser as a wholly-owned …
Chris Mellor, 09 Feb 2016

Arrow: Fraudsters impersonated one of our execs to steal money

Enterprise tech distributor Arrow Inc will take a $13m charge on the chin after a fraudster posing as a company exec transferred money from the corporate bank account to an external one. The admission came as Arrow outlined calendar Q4 numbers for the three months ended 31 December, with sales up six per cent year-on-year and …
Paul Kunert, 05 Feb 2016

SAP pays $3.9m to settle Panama government bribery case

SAP will pay nearly $3.9m after a senior executive was found to have bribed officials in the government of Panama to land lucrative deals. The software giant has agreed to pay $3.7m in profit plus an extra $188,896 in interest. SAP did so without admitting or denying the findings of the regulator that brought the bribery case …
Gavin Clarke, 03 Feb 2016
EMC Cork's DSSD D5 unit

We've just stepped out of our time machine, and we can reveal ... EMC's new kit for early 2016

Analysis EMC has new storage products coming in both external shared array form and in its converged and hyper-converged systems lines of products, using new VSAN capabilities. These will be announced over the next two quarters and will change the shape of EMC's product lines. We think we now have an overall view of what the mainstream …
Chris Mellor, 01 Feb 2016

How Symantec scuppered Veritas sell-off six ways to Sunday

A champagne bottle's crack, a splash, and cheers rang out as the good ship Veritas was launched on the banks of Symantec's river – sent off to steam the data storage seas own with a new owner: the Carlyle Group. It's had an inauspicious launch: Symantec had to cut the price tag for Veritas by $800m due to "uncertainties" and a …
Chris Mellor, 01 Feb 2016
Sharon White, new head of Ofcom, former Second Perm Sec at the Treasury

Ofcom's head is dead against Three and O2's merger

Ofcom chief exec Sharon White has decided to tell everyone what she really thinks about the possible £10.5bn merger between O2 and Three – and it turns out the regulator-in-chief is not a fan. Hong Kong’s CK Hutchison announced its intention to acquire O2 from Telefónica last year. However, the European Commission has opened …
Kat Hall, 01 Feb 2016
Theresa May

UK Home Sec wants Minority Report-style policing – using your slurped data

UK Home Secretary Theresa May has called on police forces to use predictive analytics in crime prevention as a way of mining the "vast quantities of data" the public now generates. Speaking at the Police ICT Suppliers Summit, she said: "Forces have not yet begun to explore the crime prevention opportunities that data offers …
Kat Hall, 27 Jan 2016

Ex-VMware CEO Di Greene drops mystery storage system box, dares you to open it

Diane Greene's storage startup Datrium is making its initial DVX product available, saying it is the first server-powered storage system which is not a hyper-converged appliance or virtual SAN. What does that mean? The big problem with dual-controller storage arrays is that their performance goes down as the number of hosts …
Chris Mellor, 26 Jan 2016
Toshiba_PX04S_950

Big reader? Toshiba tweaks endurance, wrings out low-write SSD

Toshiba has fashioned a fifth enterprise SSD variant by cutting the entry-level PX04’s endurance in half, and fitting it for another read-intensive market niche. The PX04SRB has an endurance of one full drive write per day (1 DWPD) for five years and was positioned back in August as a read-intensive enterprise SSD, compared …
Chris Mellor, 19 Jan 2016
Vinod_Khosla

Industry vet Khosla kicks Dell-EMC in the innovation crotch

Comment Billionaire, venture capitalist guru and Sun Microsystems co-founder Vinod Khosla thinks the merged Dell-EMC will result in a rusty innovation pipeline. Unsurprisingly, EMC CTO John Roese says Khosla's all wrong. Khosla passed his judgement during an interview at a Structure Conference in San Francisco last month. The $67bn …
Chris Mellor, 14 Jan 2016
Seagate_10TBers

Seagate floats out 10TB HDD filled with lifting gas

Seagate has caught up with WDC’s HGST unit and built a 7-platter, 10TB disk drive filled with helium gas. Western Digital Corporation (WDC) introduced its own 10TB Ultrastar He10 drive in December last year. This was a standard PMR tech drive, unlike the Ultrastar Archive Ha10 announced in June 2015, which used shingled …
Chris Mellor, 13 Jan 2016
Paul O' Grady poses with a small dog.

Apple CEO Tim Cook was paid more than $28,000 a day in 2015

Apple CEO and Paul O’Grady lookalike Tim Cook's package swelled to more than $10m in 2015 – but he still can’t take family members on work trips unless he coughs up himself. According to an SEC filing, the company “significantly exceeded the maximum goals” set by the Compensation Committee, meaning that Cook and his generals …
Paul Kunert, 07 Jan 2016
Chad Sakac

EMC's VCE welcomes new president amid '250-plus layoffs at all levels'

It's all change at the top of VCE, the converged data center infrastructure subsidiary of EMC, with Chad Sakac taking the president's job. Sakac has spent the last 11 years with EMC, ending up as the president of global systems engineering, a role he'll continue to fill in addition to heading VCE. He'll effectively replace the …
Iain Thomson, 07 Jan 2016

EMC goes on the chainsaw diet to slash $850 million

EMC's preparing for a huge round of layoffs, announcing last Thursday that it's set aside a quarter of a billion, US$220 million of it for cash payments. In advance of its acquisition by Dell, the company is hoping to carve $850 million out of its cost base. Last October, El Reg predicted the Dell/EMC stroll down the aisle …
sap security vulnerabilities

Ex-SAP exec sent down for 22 months after bribing govt IT officials

A former regional director of SAP has been sentenced to 22 months in jail – plus three years of supervised release – for greasing the palms of government IT buyers. Vicente Eduardo Garcia, 65, of Miami, Florida, pleaded guilty in August to bribing Panamanian government officials to secure a contract for one of the company's …
Kieren McCarthy, 21 Dec 2015

New bill would require public companies to disclose cybersecurity credentials

A new bill introduced to Congress on Thursday would require US publicly listed companies to disclose who on their Board has cybersecurity expertise. If it passes, the Cybersecurity Disclosure Act of 2015 would oblige companies to add details of which, if any, of their directors know about online security in filing to the …
Kieren McCarthy, 18 Dec 2015
Wall St bull image via Shutterstock

Dell SecureWorks files for IPO

Dell security subsidiary SecureWorks is trying to raise funds for working capital and acquisitions, according to a filing with the SEC. The S1 Form lodged last night indicates the division expects to sell up to $100m in stock but this is a placeholder figure that could change before the flotation. Under the terms of the plan …
Paul Kunert, 18 Dec 2015
Godzila

Dell 'fesses up: We may buy back $3bn+ in VMware tracking stock

Dell could spend at least $3 billion in buying back VMware tracking stock in the latest piece of financial engineering surrounding the proposed purchase of EMC. EMC owns 80 per cent of VMware and the idea was that a tracking stock should be established for VMware. In this way, if and when Dell owns EMC and offers some VMware …
Chris Mellor, 15 Dec 2015

VMware backs out of Virtustream business

In a curt statement to the US Securities and Exchange Commission (SEC) 8K filing today, VMware killed the Virtustream venture it had proposed with parent EMC. The statement, by VMware CFO, COO, and EVP Jonathan Chadwick, said "VMware announced that it will not be participating in the formation of the Virtustream Cloud Services …
Chris Mellor, 14 Dec 2015

Teradata: We're going to concentrate on data analytics. So we've binned our top man

Teradata has axed its co-president for data and analytics, meaning Herman Wimmer is out of a job. In an SEC filing the company said it is exiting its marketing applications business so it "can focus exclusively on its core Data and Analytics business." This follows poor results in its third quarter. The filing says Teradata …
Chris Mellor, 04 Dec 2015

Systemax: Shuttering our North America Tech Group may cost $55m

Systemax has gone public with the cost of dotting the Is and crossing the Ts in the closure of its remaining North America Technology Group (NATG), and it's going to be pricey. Very pricey. The ailing reseller revealed last week that US dealer PCM has offered $14m to pick up certain assets, including the right to hire roughly …
Paul Kunert, 24 Nov 2015

Buffet would take a $2bn hit on IBM shares … if he cashed in now

Warren Buffet, one of the world’s wealthiest men and a stock market gambler renowned for avoiding tech bets, is counting the billions of dollars lost – as it stands – after taking a punt on IBM. The tycoon’s Berkshire Hathaway fund has confirmed some 16 per cent of its $12.3bn cash splash on Big Blue shares over the past four …
Paul Kunert, 09 Nov 2015
Huawei_sign

Huawei who? We probe the sleeping storage dragon's brains

Part I Huawei is China's Cisco or Sweden’s Ericsson without the storage hangups that affect the US networking giant. It's a $46.5bn colossus with 170,000 employees, privately-owned by its Chinese national employees, with no venture capital investment and three rotating CEOs. This is most assuredly not your average IT corporation. …
Chris Mellor, 06 Nov 2015

Opinion

Memristor_wafer

Chris Mellor

Execution warrant close to being signed for Fink's folly
Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world