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Site: The Register - Business: Financial News Samsung boss sued by his brother over stock inheritance Kun-hee accused of pilfering shares after father's deathSamsung Electronics chairman Lee Kun-hee is being sued by his brother over stocks inherited from their father, the Samsung Group founder Lee Byung-chull.? MySpace no longer crying a river with 1 MILLION new punters Facebook love-in, new music player boosts usage post-MurdochMySpace may have been dumped by media tycoon Rupert Murdoch but today its star investor - aged pop prince-turned-actor Justin Timberlake - has something to smile about: the site has gained 1 million users since December.? Rackspace breaks billion buck barrier in 2011 Cloudy block storage, database, and firewall in the worksIt took twelve years, but Rackspace Hosting has chalked up its first billion-dollar year ? and it's hoping to get to $2bn in a lot less time, planning some new cloudy services to help make that happen.? CSC confirms $1.5bn NHS IT write-off Still in talks with gov ...CSC has confirmed it is to write off almost $1.5bn as a result of its involvement in the National Programme for IT (NPfIT).? US and EU regulators will give Googorola the nod soon Google gobbling Motorola reportedly good to goGoogle?s planned purchase of Motorola Mobility looks likely to get clearance from US and EU authorities, possibly as early as next week, according to sources within the investigation.? 
Vodafone squirrels cash into Blighty nightly as Europe falters Spain, Italy disappointing - Turkey, India a pleasant surpriseVodafone's numbers for the tail-end of 2011 show the network doing pretty well, though it admitted husbanding cash back to the UK nightly just to be on the safe side.? Alibaba! suspends! shares! amid! Yahoo! stake! buzz! Chinese biz counts readies to buy back web biz's shareAlibaba.com has suspended its shares on the Hong Kong market, pending news from its parent company Alibaba Group, which reportedly wants to buy back Yahoo!'s stake in the company.? How Zuck wields power over Facebook for a few hundred bucks CEO's voting rights and package exposedMark Zuckerberg's effortless swagger into the business world got an airing in public yesterday when Facebook filed more documents to the US Securities and Exchange Commission ahead of the company going public in a few months' time.? Groupon loses $42.7m in Q4, shares tumble Hang on to your coupons, we'll make a profit next quarterGroupon (GRPN) has posted a net loss of $42.7m for the last three months of 2011, disappointing Wall Street's expectation that the coupon-pushers would make a small profit. Groupon stocks closed the day at $24.58 but in after-hours trading stocks tumbled 15 per cent to $20.75 ? suggesting that Groupon shareholders might want to brace themselves for a rocky ride when Thursday trading opens in New York.?
Cisco stabilizes switching and routing in Q2 Raises dividend, remains cautiousNetworking - and some would say data center bellwether - Cisco Systems turned in a better-than-expected fiscal Q2 ended in January, with revenues up 10.8 per cent to $11.53bn and net income up a very good 43.5 per cent to $2.18bn.? Toshiba may be getting excess WD disk biz Rumour mill spits out Tosh as buyerWe are hearing that Toshiba is buying Western Digital's "excess" 3.5-inch disk drive business, clearing the way to the completion of the WD's acquisition of Hitachi GST .? Yahoo! chairman! falls! on! his! sword! Bostock and three directors quit ailing web biz to save itYahoo!'s chairman and three other board members are stepping down as the once-mighty web firm continues its drawn-out internal shake-up.? Virgin Media finally turns an annual profit Only took five years since beardie rebrandVirgin Media pulled in annual revenue that was just shy of £4bn, the company reported this morning.? NFC leader Inside Secure to IPO this month It's no Facebook, but it does actually design stuffInside Secure has filed for an initial public offering, looking to raise almost ?80m a day after it celebrated shipping 20 million chips, and signed up a major handset manufacturer.?
TalkTalk loses 43,000 customers, chunk o' revenue in Q3 Better HomeSafe than sorry, telco insistsTalkTalk lost 43,000 broadband customers during the company's third quarter and reported that revenue in that area of the business had fallen year-on-year.? Facebook's IPO unveils plans to invade China Social network would love to tap thatNot content with almost total domination in Western markets, social networking behemoth Facebook could be planning an assault on China if it can just do a deal with the authorities there, its latest regulatory filing has revealed.? Facebook post-IPO: Free not fee will make Zuck a buck Dam friction-less sharing and the company is toastOpen ... and Shut No sooner did Facebook file its S-1 in preparation for an IPO than speculation kicked into high gear on how Facebook could possibly sustain its $75bn to $100bn valuation. After all, despite its hugely impressive revenue and profit numbers, key components of its revenue model ? like advertising revenue ? are decelerating. So should we expect Facebook to impose a paywall on some or all of its users, as MyLife.com chief executive Jeff Tinsley suggests it could?? Fibre-gobbling punters help BT deposit solid profit Cuts also counter revenue dip in Q3BT reported this morning that its sales had fallen 5 per cent for the three months ended 31 December, however earnings and cash generation remained steady, the company added.? 'We're totally in LA pissing people off' Plus 'The horror!'Quotw This was the week when Facebook finally filed for its IPO.?
Facebook's Googly IPO delivers on Sun man's vision Selling data ain't like shiftin' boxes, boyHistory may record Scott McNealy as a straight-dealing leader of a major Silicon Valley tech company.? Zuckerberg: Facebook rakes in cash... to make world a better place Web2.0 investors masticate wildly on Zuck's gummy bubbleAnalysis Mark Zuckerberg: a shrewd businessman or simply the world's greatest ever opportunist. Now we can finally find out.? Hitachi earnings hit hard in Q4 Blames Japanese tsunami and Thai floodingJapanese conglomerate Hitachi ? which derives a fair portion of its sales and profits from the IT and telecom sectors ? has taken it in the chin profit-wise in its third quarter of fiscal 2011 ended in December. For the quarter, sales were essentially flat at ¥2,2665bn ($29bn), but net income fell by 42.3 per cent to ¥46.4bn ($595m).? Dell names ex-CA CEO as software chief Cloud on Michael's mind?Dell has appointed a former tech company CEO and blue-chip middleware executive to lead its software group.? Facebook IPO: Boom or bubble? We look at the numbers - and what's missing...Analysis Is Facebook hugely overvalued or a solid business with some reliable growth ahead of it? A great deal of both.?
Sony nosedives into $2.8bn loss as Hirai grabs controls Full-year forecast torn up after cash-draining Q3Sony's new CEO will have his hands full at the helm of the loss-making Japanese firm - the entertainment megacorp announced today that its net loss in the quarter ending in December was 159 billion yen ($2bn) and it has slashed its full-year forecast to a loss of 220 billion yen ($2.8bn).? Facebook files for IPO, seeks $5bn Management rule by 'The Hacker Way'As expected, Facebook has announced the terms of its initial public offering and is looking to raise $5bn.? MasterCard joins Visa in pushing PINs into America 13 months and countingMasterCard has published its roadmap for getting Americans to use chip-and-PIN cards in stores, following Visa's lead in proposing to replace swipe cards by April 2013.? Zuck plots carefully considered Facebook IPO Silence, bitch... This $100bn valuation is serious businessMark Zuckerberg seems to want Facebook's public debut to be as dull as his bluey-grey t-shirts. The dominant social network is widely expected to file regulatory documents with the US Securities and Exchange Commission later today. But the company's CEO is reportedly hoping to play down the whole affair.? Muscle chip strength leaves ARM shouldering meaty profit High-end RISC cores boost $773m revenue headlineARM, the eponymous designer of the chip architecture, had a stonking 2011 with revenue and profits up as it tightened its hold on both embedded and generic computing.?
BSkyB snaps up fewer new subs in Q2, still rakes in cash Promises 1,300 new jobs, drills into superfast fibre marketBSkyB has once again seen the number of new subscribers signing up to the broadcaster's products fall, compared to the same period a year before.? Facebook preps for public showtime with $100bn price tag Reports suggest huge IPO is imminentIt's difficult not to mention Google in the same breath as Facebook these days ? and that's especially true when one considers the initial public offering the dominant social network is reportedly planning later this week.? Startup goes titsup: Beyond Oblivion's crash is beyond belief Murdoch, charity also face write-offs as digital music outfit goes bustIt isn't just scofflaw copyright criminals who cause grief for the music business. Sometimes it's quite capable of lining up its own feet for a shooting party.? Mellanox shrugs off Intel's InfiniBand buy Turns in good Q4, will grow in 2012 despite price cutsHaving bought rival Voltaire, Mellanox Technologies has pretty much ruled the InfiniBand adapter and switching roost for the past several years. But this week Intel shelled out $125m to acquire the InfiniBand chip, adapter, and switch businesses from QLogic, and the big question now is: what does this mean for Mellanox?? NEC slashes 10,000 jobs ? blames Thai floods, smartphone slump Japanese IT giant a victim of Apple's successNEC is set to slash 10,000 jobs including 3,000 unlucky employees from its workforce outside of Japan, after its revised forecast revealed the Japanese electronics giant would make a year end net loss of ¥100bn (£820m).?
Nintendo cuts full-year forecast ? by BILLIONS Super Mario-maker hopes Wii U release can help it power-upThe mighty yen and weak sales have combined to take a whack out of Nintendo, forcing the Japanese gaming firm to forecast an even bigger full-year loss.? 1 euro in every 7 spent on a Visa card Digital wallet coming this yearVisa will be launching a digital wallet this year, and expects to see half of Europe's transactions being done on a mobile phone by 2020, but plastic cards are looking good too, according to Visa Europe's Annual Report.? Citrix rides the virty desktop wave Thanks for Windows 7, Microsoft ? can I have another?The maturation of desktop virtualization was coincidentally, and fortunately in the case of the Wednesday's financial results from Citrix Systems, timed more or less with the launch of Windows 7 desktops two years ago. The results show Citrix has been steadily capitalizing on its $500m acquisition of XenSource and others.? Intel issues dividend, Apple sits on $97.6bn A tale of two companiesIntel has quietly announced that it will pay a quarterly dividend of 21 cents per share on March 1, just as they did last September and December, and in earlier quarters at lower rates.? Apple's soaraway growth is Google's pain - and here's why The Martian test - Mountain View FAILAnalysis Compare these two headlines: "Google shares tank after disappointing financial report" (here) and "Apple tops estimates with earnings leap of 118 per cent" (here).?
Facebook 'contributes' ?15.3bn to EU economy... bitch Tells small biz world to join social network armyThe UK economy might be down in the dumps, but there is a ray of sunshine from an unlikely source: Mark Zuckerberg's Facebook has supposedly helped to contribute £2.2bn to the country's GDP in 2011.? AMD swings to a loss in Q4 Blame wafer bakers, discrete graphics ? or bothDespite issues with getting chips from both GlobalFoundries and Taiwan Semiconductor Manufacturing Corp last year, AMD was able to get a modest bump up in sales in the fourth quarter thanks in large part to its hybrid CPU-GPU chips for PCs, with sales up 2.5 per cent to $1.69bn.? Yahoo! revenues! continue! to! decline! New CEO faces a mountain to climbYahoo! has released disappointing results for its fourth quarter, with earnings down 5 per cent and revenues falling a further 13 points.? Apple tops estimates with earnings leap of 118 per cent Wall Street moneymen looking a wee bit sillyApple blew past even the most optimistic Wall Street earnings estimates for the first quarter of its fiscal 2012, posting revenues of $46.33bn, resulting in a quarterly net profit of $13.06bn, or $13.87 per share.? HP palms £316m in DWP desktop deal History repeats itselfThe Department for Work and Pensions (DWP) has awarded a significant desktop management contract to HP under the Desktop 21 framework agreement.?
VMware busts through billion dollar quarter Headman Maritz expects Microsoft to 'come back at us'Server virtualization juggernaut VMware has busted through its first billion dollar quarter, beating Wall Street estimates for the fourth quarter of 2011 in both sales and profits.? Google+ funny numbers mask falling growth Friends with Posh and BecksOpen ... and Shut Google has always been about crunching big numbers. But only recently has it begun to apparently fudge them.? Joyent rakes in $85m to build out SmartOS clouds Going globalJoyent has built a sophisticated infrastructure cloud founded on the open-source Solaris environment with the hopes of taking on Amazon's EC2 ? and now it has a big pile of cash with which to globalize that cloud.? Fujitsu and Unite shake hands on pay, pensions deal Ongoing row defused as striking staff appeasedStaff at Fujitsu?s UK sites in Manchester and Crewe have ended their long-running dispute with the electronics giant after bosses agreed to bump up salaries and sort out other quibbles including pensions.? RIM's co-CEOs quit in top exec shake-up Will it be too little, too late?A Research in Motion management shake-up has swapped out its co-CEOs for a new top exec following a challenging period for the gadget maker.?
Vodafone manages to fight off £3bn tax bill, claws back cash paid What happens in India never happened in IndiaVodafone's acquisition of Hutchison Essar is not liable to Indian taxation, a court has ruled, as the 2007 transaction took place outside the sub-continent - despite Essar being based there.? |