Feeds

Telecity paints grim picture of Web hosting sector

Matchstick men and matchstick cats and dogs

  • alert
  • submit to reddit

New hybrid storage solutions

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

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.