Feeds

ilion figures let down by UK – again

Still holding out for a takeover offer

  • alert
  • submit to reddit

Protecting users from Firesheep and other Sidejacking attacks with SSL

Last month, ilion announced that trading during the first half of the year had been what it called satisfactory. Interim results for the six months ending 30 June are now out. Turnover was up 10 per cent to £132 million and while that must have been cause for some celebration over in Chessington, it's hardly the 'record high' that was referred to last month. The UK was, again, a source of trouble for the networking distributor, with sales down 35 per cent - pretty much as expected. Pre-tax profit was £610,000 - down from last year's £1.16 million. According to analyst Richard Holway, ilion's share price crept up by 4.5p this morning to 111.5p, which is a far cry from £4 two years ago but much better than the low of 42p last year. However, it is still lower than the 114p Landis was offering for each ilion share when it mounted its failed takeover bid in July. ilion chairman Michael Sayers described the second half's prospects as encouraging but said a takeover was still the favoured outcome for the company. In June ilion lost its UK Cisco franchise, considered by many to be the distributor's only remaining trump card and the main reason why anyone would be interested in a takeover of the group. With that gone ilion was left facing a tough battle. Around the same time that Cisco pulled the plugs on ilion, the distributor became embroiled in a legal battle with Cisco reseller Ciscom after an alleged £500,000 fraud was uncovered. ® See related stories: Cisco fall-out sees ilion sue Ciscom ilion says no thanks to Landis bid offer ilion loses UK Cisco franchise Ciscom employee fined £1000 for abusive email

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
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.