Feeds

Adaptec credit outlook worsens

Says it will be more cautious

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Standard and Poor’s has marked down Adaptec’s credit rating from “stable” to “negative outlook”. The credit agency concluded that sustained weak margins or diminished financial flexibility could lead to lower ratings next year. Adaptec says that the change in outlook is due to challenges inherent in its business realignment programme and the tough competition in the market. The company's corporate credit rating stayed at a double B plus, and its debt rating held on to its double B minus. This shows financial flexible finances offset by a narrow business base, according to Adaptec. Adaptec has the largest market share for SCSI chips and adapter cards, but says sales have been hit by a shift to cheaper PCs, and the squeeze on margins at the higher end of the market. LSI Logic's acquisition of Symbios also increases the levels of competition in the market. The company says it will be more cautious in its approach to growth and will focus on its core businesses and well-established markets. Meanwhile, a number of senior managers have left the company. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.