Feeds

Legend takeover talks result due soon

Might happen, might not...

3 Big data security analytics techniques

Legend Communications is due to make an announcement about a possible take-over "in the near future", the Lancaster-based ISP and VoIP outfit said today.

Two months ago Legend confirmed it was "engaged in preliminary talks, which may or may not lead to an offer being made for the company". Although it is still remaining tight-lipped about possible suitors, both Pipex and Scottish telco Thus have been linked to the company.

News that the ISP might have managed to flog itself comes as Legend reported diving into the red despite a sizeable increase in revenue.

For the six months to September turnover increased by 38 per cent to £9.4m compared to H1 2004. But the ISP turned a profit of £103,000 in H1 2004 into a pre-tax loss £1.66m this year.

The last four or five months have proved tricky for Legend. In August it issued a trading statement warning of a "downturn in trading" caused by tough competition in the broadband sector. It also warned investors it had been hit by two bad debts totalling some £200,000.

As a result Legend shed 57 staff helping to save £120,000 a month while all executive directors took voluntary pay cuts. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.