Feeds

Telecity paints grim picture of Web hosting sector

Matchstick men and matchstick cats and dogs

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

The Web hosting industry is on its knees and shows little sign of recovery in the near future.

This downbeat assessment of the sector was delivered yesterday by Telecity after it reported that turnover remained flat.

Turnover to the six months to the end of June was down a smidge to £12.17m from £12.56 during the same period last year.

Pre-tax loss was £16.92m, down from £23.32m last year.

However, according to Telecity there is little sign that the Web hosting sector will recover before the end of the year, with the sector still suffering from an oversupply of collocation services.

Said Telecity chairman, Michael Hepher, in a statement: "The market continues to be difficult and shows no immediate signs of bouncing back before the end of 2002."

Elsewhere, there are fears that there could be job losses at Interliant's UK operation.

The US-based managed hosting firm and ASP lost its CEO and president Bruce Graham and COO Steve Munroe after finally filing Chapter 11 bankruptcy protection. ®

Related Story

Interliant execs quit following bankruptcy filing

The essential guide to IT transformation

More from The Register

next story
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
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 ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
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

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
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.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.