Feeds

CHS losses unveiled in full

So much red ink on the balance sheet you'd think the accountant had slit his throat

  • alert
  • submit to reddit

SANS - Survey on application security programs

CHS Electronics recorded losses of over $200 million for the third quarter and revealed plans to offload more subsidiaries. The distributor posted $225.3 million in net losses for the quarter ended 30 September. This compared to a profit of $6.6 million for the same period in 1998 and gives an insight into the downfall of much of the group last month. It said the figure included charges of $170.4 million related to the offloading, closure and placing into receivership of numerous subsidiaries worldwide. Sales fell slightly to $2.1 billion, from $2.2 billion the previous year. The Miami-based company said it had made a pre-tax gain of $32.7 million from the sale of its Sun Microsystems distribution business. It also cut debts to sellers by $214 million by giving back eight subsidiaries to the original owners, leaving $61.4 million owing at the end of the quarter. CHS said it was currently in talks to return an additional seven subsidiaries to their original owners, which would effectively cancel out the rest of the debt. ® Related Stories CHS Sheds Seven To Boost Confidence Computacenter Buys Metrologie

Combat fraud and increase customer satisfaction

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.