Feeds

NetServices share price takes an early bath

Reviving the 10 per cent club?

Choosing a cloud hosting partner with confidence

NetServices has seen its share price tumble after it warned that full-year losses would be higher than expected.

It was the second profits warning the company has issued since it floated back in March. The 8.5p shares are now worth just 10 per cent of their highest value.

Despite this apparently gloomy situation, company spokeswoman Maria Goggin insisted that NetServices was on track.

"Our strategy has always been to move away from the broadband side of things," she told us. "We have a range of other services - wide area networking, hosting and a voice offering, that we are focused on instead. That has always been our strategy."

She couldn't say how much of the company's revenue came from these other offerings.

Goggin denied reports that the company was planning to sell its wholesale broadband operation, and tried to allay concerns that it had been caught napping by "free" broadband offerings from the likes of Carphone Warehouse and Sky, saying the market had moved a lot for everyone in the last year:

"We were caught off guard as much as anyone was," she said.

She argued that the "hype" around so-called free broadband packages will start to calm down in the next couple of months.

"People are savvy to this not really being free, and just included in the price," she told us.

The ISP was founded in 1996, and had a turnover of £17m before it floated on AIM back in March.®

Intelligent flash storage arrays

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
Ofcom tackles complaint over Premier League footie TV rights
Virgin Media: UK fans pay the most for the fewest matches
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.