Feeds

End of HCI sends first dealer to the wall

Brown's budget claims first victim

Intelligent flash storage arrays

Gordon Brown's Budget decision to end the Home Computing Initiative has claimed its first victim - RedPC is going into liquidation.

RedPC - its strapline was "Tax free home computing" - described the Chancellor's decision as "a devasting blow". The London-based company was formed in 2002 and its directors wrote the guidelines for the DTI which led to the tax break being set up. Managing director Martin Prescott said: "We are presently considering our options." He apologised for any inconvenience. More here.

Nitin Joshi, a partner at Vantis representing the company's creditors, told CRN: "There are at least another 15 companies involved in HCI that are at risk. I am in discussions with two other companies that will soon go bust because of the HCI fiasco." More from CRN here.

Joshi said creditors were furious and considering legal action.

But some dealers say RedPC could have acted too soon because Brown is still considering a replacement for HCI. The CBI has been asked to propose a replacement scheme which would better target resources at the poor.

Carolyn Worth from Evesham Micro said the company was waiting to hear something concrete from a government department on plans for a replacement scheme.®

Internet Security Threat Report 2014

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
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
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
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'
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
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.