Feeds

IBM pays off Time

Coughs up £13m compensation

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

British PC retailer Time Computers has won a victory over IBM in a £13 million dispute.

The legal feud kicked off between the two PC heavyweights after Time claimed IBM UK allegedly supplied it with faulty computer components. The two were set to fight it out in the High Court in London yesterday, but a settlement was reached at the eleventh hour, saving Big Blue being dragged through the legal system and media spotlight.

The two companies refused to comment on the compensation figure, which according to an article in The Observer was £13 million. A Time representative said: "The case has come to an end, and Time is happy to draw a line under this episode."

IBM came up with an imaginative "no comment", claiming proceedings hadn't yet gone through on its side yet.

Time, based near Burnley, expects sales to top £300 million this year and has 2000 staff. Tahir Mohsan - who started the company in 1987 with his brother Dr Mohammed - is worth an estimated £175 million.

Time was the third biggest home PC seller in the UK in the first quarter of this year, according to figures from research company IDC. IBM was beaten in the market by rivals including Compaq, HP, Apple, Gateway, Viglen, Tiny and Dell. ®

Related Story

Compaq clobbered in home PC market

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
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
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
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'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
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.