Feeds

Tiddler's expansion plans come unstuck

IAT Multimedia takeover goes away

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Poorly rated paper has put the kybosh on IAT Multimedia's agreed takeover of US distributor Atec. Swiss tiddler IAT said it "terminated" the $77 million-stock acquisition following accountants' advice on both sides that the transaction would dilute future earnings. So much for IAT's wildly ambitious expansion plans. IAT, which sells computers in Germany under the Trinology brand and is a manufacturer of "visual communication devices", had wanted to spearhead US expansion through Hauppauge, New York-based ATEC's distribution and sales structure. IAT said the companies are now in talks to form another "strategic relationship". An obvious way around the embarrassing failure for the deal to complete is for ATEC to buy IAT. But it is difficult to see what ATEC would gain. According to Bloombergs, IAT had sales of just $5.88 million last year, while Atec reported revenue of $114.5 million for the nine months ended March 31. IAT would have been unable to absorb the write-off against earnings, analysts say. Whatever, ATEC has a big, fat for sale price over its head. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
'Internet Freedom Panel' to keep web overlord ICANN out of Russian hands – new proposal
Come back with our internet! cries Republican drawing up bill
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?