Feeds

Distie blames Y2K for selling too much

Panic buying over, no surge

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

European Micro Holdings, the Nasdaq-listed, American-owned, but Europe-mainly IT distributor, pulled in sales of for the first quarter, ended September 30, of $29.1 million, against $32.8 million for the same period last year.

The company has come up with an interesting reason for the difference - it blames increased demand in Q1 last year, caused by "Y2K-inspired concerns of product availability". No panic buying this quarter, though.

On a brighter note, EMCC is almost into the black, moving from a cumulative net loss of $3.4 million in the second half of the previous financial year (January- through June 2000) to near breakeven this quarter. Net loss was $68K, compared with net income of $207K in Q1 last year.

EMCC operates more like a broker or product arbitrageur than a traditional distie - the company "monitors and capitalizes on worldwide market-price disparities to purchase a select group of in-demand products from other distributors in 28 countries in 13 currencies". It flogs these on to its reseller customers. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.