Feeds

Profit puts spring in Tulip's step

Celebrates with an acquisition

  • alert
  • submit to reddit

Build a business case: developing custom apps

After clawing its way back from the brink of disaster, Dutch PC vendor Tulip has recorded a profit and is buying a notebook manufacturer. Tulip saw profit after tax rise to £100,000, compared to last year's £14 million loss. Sales were largely static at £68 million, compared to the previous year's £67 million. The company said its overseas sales offices contributed 80 per cent of turnover, including the UK - responsible for 24 per cent of that figure - France 40 per cent and Italy 16.8 per cent. The results, which were in line with expectations, were described by the company as "the best news since we went into administration in 1998". The vendor also said the acquisition of Dutch vendor 2L International was expected to be finalised within the next few weeks. 2L, which recorded sales of £26 million in 1999, makes notebooks, networking and communications products under brand names Dynalink, Topline and Conceptronic. Tulip said products would be rolled out via its resellers in the coming weeks. "The management board expects the new initiatives, in the area of remote local area network management and the co-operation with software suppliers and Internet providers, will result in a positive contribution to both turnover and the profits for 2000," it said. Tulip added that it expected sales to top £107 million this year, with profit after tax of 2-3 per cent. ® Related Stories Commodore wannabe don't want to be Commodore no more Outlook for European PC merchants 'generally grim'

Boost IT visibility and business value

More from The Register

next story
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
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.