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Computacenter reports profits slide, warns on market

Computacenter posted decent revenues for the six months ended 30 June 2008 but warned that current trading wasn't that great. The reseller made £1.25bn in sales compared to £1.16bn in the first half of 2007. But profits before tax were down 14.2 per cent to £11m. Earnings per share, however, were up 10.6 per cent thanks to a …
John Oates, 17 Oct 2008
vulture tv reporter

Capita coughs up £13.6m for ABS Networks

Capita is beefing up its networking expertise by buying Crawley-based ABS Network Solutions Limited for £13.6m. ABSNet is a specialist in IP-based networking, service management and storage with strong Cisco links. The company turned over £17.1m in the year ended 31 December 2007 and made a profit, excluding "owner's …
John Oates, 15 Oct 2008
cloud

Axon tells Infosys to put up or shut up

Axon has told Infosys it needs to increase the £400m offer it made for the firm or risk losing out to a rival bidder. At the end of August Indian giant Infosys offered £407.1m to buy UK-based services outfit Axon Group, and Axon's directors recommended that shareholders accept the offer. But yesterday they changed their minds …
John Oates, 3 Oct 2008
globalisation

Microsoft claims 'landmark victory' against defunct UK reseller

Microsoft has said it will go after the assets of the former MD of defunct IT distie ITAC UK Ltd in a long-running parallel importing dispute. But lawyers for the reseller have slammed Microsoft for breaching an earlier confidentiality agreement between the two firms. On Wednesday Microsoft claimed to have scored a “landmark …
Kelly Fiveash, 26 Sep 2008
Novell

Novell recovery continues

Novell increased its estimates for full year revenue yesterday to between $940 and $980m, and said margins for the year were also improving. Reporting third quarter results, Novell said it brought in revenues of $245m, compared to $237m for the third quarter of 2007. Income from operations was $1m compared to a loss of $10m …
John Oates, 29 Aug 2008
Computacenter

Computacenter down on falling profits

Computacenter shares are down more than seven per cent this morning after the firm reported a 14 per cent fall in profits in the first six months of the year. Interim results for the six months ended 30 June 2008 showed the reseller increased revenues by 7.8 per cent to £1.25bn, thanks mainly to currency movements. But profit …
John Oates, 28 Aug 2008
The Register breaking news

UK bank chief stung in ID theft scam

Updated Identity fraudsters have claimed the prize scalp of the chief exec of HBOS bank. Accounts belonging to Andy Hornby, 41, who earns an estimated £1m a year, were frozen after unauthorised withdrawals of at least £7,000 from his accounts. UK tabloid The Sun reports that crooks used an old bank statement from Hornby to pose as the …
John Leyden, 20 Aug 2008
The Register breaking news

Sats blunder firm sacked

The Qualifications and Curriculum Authority has put ETS out of its misery with an agreement to “dissolve” their five year contract for national curriculum tests after just one year. The mercifully quick despatching of the hapless US examination organisaton follows a chaotic summer marking season for the tests which are taken …
Joe Fay, 15 Aug 2008
Warning Stop

EDS hits TfL with restraining order

EDS has filed a restraining order against Transport Trading Limited, a Transport for London subsidiary, to stop it handing the £100m-a-year Oyster contract to Cubic. Cubic and EDS were majority partners in TranSys, which ran London's Oyster scheme. TfL, keen to get better value for money, was renegotiating the contract with …
John Oates, 14 Aug 2008
The Register breaking news

Dutch vacuum salesman pumps Google for €1m

A Dutch vacuum cleaner salesman is demanding a massive payday from Google in exchange for control of his company's web address, Knol.com. The advertising giant is aiming to end its heavy reliance on Wikipedia for useful search results by brewing its own web encyclopedia, Knol (it's short for knowledge, apparently). The new …
The Register breaking news

Mario Puzo's son sues Paramount over Godfather royalties

The son of The Godfather author Mario Puzo yesterday filed suit against Paramount Pictures claiming $1m in damages over a 2006 Electronic Arts game based on the classic Mafia tale, AP reports. Anthony Puzo, of New York, claims the film studio failed to pay royalties according to a 1992 deal with his father which promised a " …
Lester Haines, 19 Jun 2008
The Register breaking news

Tory trash talk fails to halt bin bugging plans

The UK government has green-lighted microchip wheelie bin pilot schemes despite one council calling for the technology to be scrapped because it “failed to work” under test conditions. In 2002 Tory-controlled South Norfolk Council was the first in England to use the microchipped bins, which have been designed to allow …
Kelly Fiveash, 17 Jun 2008

FSA lumps £81m appendage on Fujitsu

The Financial Services Authority (FSA) has got rid of about a quarter of its IT department by outsourcing it to Fujitsu and Xansa. The firm will be giving 41 staff to Fujitsu and paying them £80.8m over 10 years to do infrastructure management. Xansa will be taking on 11 staff and getting £5.1m to do application development and …
Mark Ballard, 19 Apr 2007
Flag China

Intel chooses China for new chip plant

Intel has announced plans to build a $2.5bn wafer fabrication plant in China. In what is seen by many as a politically significant shift in strategy towards high-tech exports, the move into the growing Chinese market looks set to ruffle some feathers in Washington. The Financial Times reports that Congress is said to be …
Kelly Fiveash, 26 Mar 2007

Amazon.co.uk PS3 pre-order offer pops up over four hours late

Amazon.co.uk disappointed eager buyers today when its pledge to begin offering its entire launch allocation of 60GB PlayStation 3 consolea to pre-order customers first thing this morning went awry. The firm was supposed to start taking advance orders for the PS3 from 9am this morning, but the sale didn't commence until 1:35pm …
Tony Smith, 15 Feb 2007

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