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Feds investigate $17m of missing kit at CompUSA

The FBI have taken charge of investigations into the reported theft of $17m (£10.4m) worth of electronics allegedly stolen from Systemax-owned CompUSA by two brothers of fired exec Gilbert Fiorentino and other former employees. Only last month, the SEC confirmed it was looking into matters surrounding the departure of Fiorentino …
Paul Kunert, 22 Jul 2011
Dollar

Systemax saves CompUSA from knacker's yard

Systemax is buying the CompUSA brand name, its ecommerce operations and up to 16 stores in the great CompUSA close-out sale. The big US computer reseller hails CompUSA as a "strong complementary" business to its own retail TigerDirect brand and is paying up to $30m for its new baby, depending on how many stores it actually buys …
Drew Cullen, 06 Jan 2008
sold sign

CompUSA goes titsup

CompUSA has thrown in the towel on the hypercompetive US electronics retailing scene. The store giant has sold itself for an undisclosed amount to Gordon Brothers, a Boston-based restructuring specialist, which will close its 103 retail stores in an "orderly wind-down". The number of expected job cuts has not been disclosed, at …
Drew Cullen, 10 Dec 2007
channel

CompUSA jettisons 126 stores

CompUSA today sounded the Big Retreat, announcing plans to close more than half of its US stores. The lossmaking PC retailing giant is to restructure at a corporate level and promises "major expense reductions". It has a secured a $440m cash injection from an unspecified source to shore up its balance sheet. Post re-org, the …
Drew Cullen, 28 Feb 2007

Red-soaked Systemax kills Euro jobs and US PC factory

US giant Systemax is shuttering its PC factory and axing the CompUSA and Circuit City brands. The reseller, which also runs Misco.co.uk, signalled it will cut its workforce in Europe after ploughing into the red in Q3 2012. The New York-listed biz delayed reporting its latest financial results on Monday as Hurricane Sandy …
Paul Kunert, 02 Nov 2012
channel_teaser_exit

Sprosty leaps from Systemax TPG hot seat after 18 months

Systemax has confirmed that David Sprosty, CEO of its Technology Products Group, has left after less than 18 months in the hot seat. Sprosty was made CEO at the unit in October 2011 replacing disgraced former exec Gilbert Fiorentino, who the SEC latterly barred from ever serving again as a corporate officer or director in a …
Paul Kunert, 15 Feb 2013
The Register breaking news

Is CompUSA stopping selling Athlon PCs?

CompUSA has run out of AMD-based Hewlett-Packard PCs, prompting speculation over the future of the chipmaker at the US computer store. The rumour sprang from a discussion this month on investment analysis Website Clearstation.com from someone calling themselves "thark57" and claiming to be a CompUSA sales person and AMD …
Linda Harrison, 08 Mar 2001
warehouse interior - wide aisle, big shelves

Systemax profits tumble as US punters keep wallets closed

Systemax CEO Richard Leeds said he's disappointed by calendar Q1 numbers as profits fell by almost 50 per cent due to flagging US consumer electronics sales. The group - which operates the Misco and WStore brands in Europe, and Tiger Direct, Circuit City and CompUSA stateside - saw turnover slide one per cent year-on-year to $ …
Paul Kunert, 02 May 2012
Misco

Former HP direct sales bloke Logan jumps ship to Misco

Headhunters are out in the channel recruiting bods into Misco's fledgling enterprise team - and ex-HP bigwig Richard Logan is the first to join. The Systemax-owned reseller has grand plans to knock its largest EMEA rivals off their perch within five years, and is restructuring to achieve this. Logan, previously sales director …
Paul Kunert, 29 Nov 2012

Ex-Systemax veep cuffed, charged with $230m fraud

Carl Fiorentino, a former president at reseller Systemax, has been charged with accepting bribes worth millions of dollars in return for directing $230m worth of business to certain components suppliers. He was arrested yesterday and released on a $1m personal surety bond. If the name sounds familiar, that's because it is: his …
Paul Kunert, 19 Jun 2013
The Register breaking news

PC give-away from CompUSA

CompUSA -- the US's largest chain of computer superstores -- is following hard on the heals of AOL, Microsoft and Prodigy after deciding to give away PCs for nothing. For this weekend only shoppers looking for a PC can get $400 off the price the price of machine at a selected number of CompUSA stores. And it just so happens that …
Tim Richardson, 02 Jul 1999
best_buy_fail

'Perfect storm' drives electronics stores to EXTINCTION

The window of opportunity for traditional bricks-and-mortar consumer electronics retailers to catch up with web-based and supermarket rivals has closed and many more will go the way of the dinosaur. So says channel beancounter Canalys, which predicts others will follow in the footsteps of monolithic consumer outlets such as Best …
Paul Kunert, 19 Apr 2012
The Register breaking news

CompUSA bans obscene IT publication

America's largest chain of IT superstores has refused to sell a new computer magazine because it claims it is littered with obscenity. Although CompUSA has removed all unsold copies of In Formation from its shelves, it confirmed it has not received a single complaint from consumers. But publisher David Temkin believes CompUSA …
Tim Richardson, 12 Mar 1999
The Register breaking news

Nvidia GeForce 3 Titanium enters CompUSA database

We may have been a mite hasty in questioning the veracity of claims that Nvidia is about to announce a series of GeForce 2 and 3 cards under the brand name Titanium. A friendly mole within giant US electronics retail chain CompUSA tells us at least two of the rumoured parts: the GeForce 3 Ti 500 and the GeForce 2 Ti. According …
Tony Smith, 03 Sep 2001
The Register breaking news

CompUSA swings axe on overheads

The PC price wars have claimed another victim in the form of America’s biggest computer retailer. CompUSA is introducing swingeing cuts to its overheads, in response to tumbling PC prices and margins. The lights go out on 14 of its 200 stores, and up to 1,500 staff (from a workforce of 21,000) get the chop. This will cost it $40 …
Drew Cullen, 25 Jun 1999
hands waving dollar bills in the air

Systemax sales grow and profits too

Systemax's investigation into whistleblower allegations against former exec Gilbert Fiorentino added $7m to its Q2 pre-tax profits but the consumer slowdown dented sales growth. The parent of US retailers Tiger Direct and CompUSA and reselllers Misco and WStore in Europe, has reported profits of $15.5m, up 64 per cent on the …
Paul Kunert, 04 Aug 2011

Misco does well but parent globocorp suffers full year losses

Giant reseller Systemax, better known in the UK as the parent of Misco, continues to review the operations after swinging to losses caused by the collapsing US consumer market and charges incurred by major restructuring on both sides of the pond. It was a particularly nasty outing for the mighty firm in calendar Q4 - group sales …
Paul Kunert, 06 Mar 2013
hands waving dollar bills in the air

Systemax blows £250k on ex-CEO legal probe bills

Rising biz sales fuelled Systemax's third quarter even though the consumer spending freeze showed no signs of thawing. The parent of the Tiger Direct, CompUSA, Misco and WStore recorded a 4 per cent rise in turnover for the period ended 30 September, raking in $901m (£562.5m). The firm's operating income climbed 58 per cent to $ …
Paul Kunert, 02 Nov 2011
arrow pointing up

Systemax fills hole left by shamed US boss

Systemax has hired former Best Buy exec David Sprosty as the CEO of its Technology Products division in North America, finally filling the role that was vacated by shamed exec Gilbert Fiorentino earlier in the year. The responsibilities were assumed on a short-term basis by Systemax vice-chairman Robert Leeds after long-serving …
Paul Kunert, 04 Oct 2011
arrow pointing up

Small biz reseller swallowed by Systemax

Systemax - the company behind CompUSA and the owner of Circuit City's ecommerce business - is buying WStore Europe. WStore specialises in supplying small and medium businesses and the public sector, and operates in France as Inmac, WStore SAS and I-Com Software. Systemax trades using the Misco brand in Europe. Richard Leeds, …
John Oates, 04 Aug 2009
thumbs up teaser 75

Systemax Q2 revs jump 17%

Systemax shrugged off the credit crunch in Q2, with sales jumping 17 per cent to $758m for the three months ended June 30. The direct marketing IT reseller and PC builder, noted stronger demand in North America and Europe in the quarter and it held gross margins steady at 15.3 per cent. However, net income fell 1.6 per cent year …
Team Register, 08 Aug 2008
Dollar

Best Buy churns out the profits in Q3

Best Buy had a great Q3, propelled by strong sales of fat-margin games consoles, notebook PCs, flat screen TVs and GPS thingymajigs. An extra week of holiday shopping for the quarter ended December 1 did it no harm, either. Earnings were $228m (Q3 2006: $150m) on revenues up 17 per cent to $9.93bn (Q3 2006: $8.47bn). The …
Drew Cullen, 18 Dec 2007

Best Buy amps up Apple volumes

Best Buy is to start selling Apple PCs in 200 stores, the electronics retailer said today. This follows successful trials conducted in 50 stores. Best Buy sold Apple computers once before but axed the line in 1998 because of slow sales, the AP reports. That was at a low ebb for Apple. Soon afterwards the company axed most of …
Drew Cullen, 04 Apr 2007
Steve Ballmer

Ballmer downplays Vista sales

Steve Ballmer has played down the hype surounding Vista sales saying some analysts have taken an overly optimistic view. Speaking to financial analysts, Ballmer said he was pleased by the response to Vista, but warned: "People have to understand that some of the revenue forecasts I've seen out there for Windows Vista in fiscal …
John Oates, 16 Feb 2007
Apple G4 Cube

The Cube: Apple's daftest, strangest romance

Ten years ago on Sunday, Apple called it quits on one of its oddest products ever, the G4 Cube. The Cube was a strange and wonderful machine that continues to fascinate today - but it was widely perceived to have failed. Some people thoroughly enjoyed the failure, thinking it served Apple right. Dull people will always cheer a …
Andrew Orlowski, 30 Jun 2011
The Register breaking news

PC-compatible MacOS comes at a price

Exciting news from the world of Apple. Eighteen years after the launch of the Macintosh, Apple has made a PC-compatible version of MacOS. But it comes at a steep price. Apple chose to break this extraordinary news at the unlikely venue of CompUSA's web store, as this picture [click to enlarge] illustrates. Price hike The …
Andrew Orlowski, 05 Aug 2002
chart

Date set for Intel's response to AMD antitrust claims

Lawyers from Intel and AMD will meet for an initial court conference in the first week of August, over a month before Intel must file its response to AMD's allegations, court documents seen by The Register reveal. AMD's legal action against its arch-rival, alleging the chip giant engaged in anti-competitive behaviour in …
Tony Smith, 15 Jul 2005

Vista-effect credited with PC sales boost

It might have had a mixed response from critics but Vista is being credited with a big jump in US retail computer sales. The launch of Microsoft's latest operating system apparently helped PC sales jump 173 per cent compared to the week before. According to market watcher Current Analysis, PC sales were up 67 per cent in the …
John Oates, 09 Feb 2007

Circuit City fires 3,500 'overpaid' staff

Circuit City is firing 3,400 store workers because it thinks it's paying them too much. To rub salt into the wound, it is offering the retail fat cats some severance and the chance to apply for their old jobs - at lower wages. But only 10 weeks after they have been fired. This company is all heart. According to Circuit City, …
Drew Cullen, 28 Mar 2007
channel

Gateway ships quad-core desktop into US stores

Gateway let slip a quad core desktop into some major US retail outlets today. It's called the Gateway FX, it costs from $2099.99 and - as you will guess from the price tag, it is aimed at the PC enthusiast and "digital creation" markets. The base spec includes Intel Core 2 Quad Q6600 processors, 512MB ATI Radeon X1950 CrossFire …
Drew Cullen, 01 May 2007
The Register breaking news

Ballmer resets recession, preps for 100,000 troops

The economy is not in recession - it's just experiencing a "resetting" of spending. And Microsoft won't retrench after years of huge expansion; it'll just apply the brakes until things get better. At least, that's what Microsoft chief executive Steve Ballmer said while announcing 5,000 planned layoffs and second-quarter earning …
Gavin Clarke, 23 Jan 2009

AMD, Intel and others to serve 100 subpoenas

AMD has started serving 32 new subpeonas against US companies in a bid to secure evidence it believes will support its allegations that arch-rival Intel used its market leadership to harm the smaller company's business. Separately, Intel and other class-action plaintiffs have also begun sending subpoenas to around 70 third …
Tony Smith, 23 Jun 2006
The Register breaking news

iMac sales reviving?

CompUSA has claimed that a mix of bundled peripherals and a hire purchase plan have revived flagging Apple iMac sales. The US retailer, the largest in the States, reported that last weekend saw iMac sales shoot back to their highest level since the machine's launch in the second week of August. Sales remained high through …
Tony Smith, 13 Nov 1998
Windows Vista teaser

SMBs grasp Vista nettle

Windows Vista appears to be gaining ground among organisations, with small businesses (SMBs) proving particularly keen to adopt the software giant's latest operating system, according to a new report. US reseller CDW Corp tracked Vista adoption from 31 October to 7 November 2007 and found that 53 per cent of those firms that …
Kelly Fiveash, 15 Jan 2008
The Register breaking news

Why shrink wrap software won't die

Remember how the 'weightless digital economy' was supposed to make shrink wrap retail software as extinct as the dodo? Only a bozo would want to pay a premium for manual and a box. But shrink wrap isn't dead. Software publisher Avanquest, the new umbrella name for US-based publisher Elibrium, which owns major publishers in …
Andrew Orlowski, 28 Apr 2004
The Register breaking news

MS finally puts Win98 SE full version on sale, at $209

Microsoft has finally got its act together and started selling the full version of Windows 98 SE from its Web site - at the somewhat less than bargain estimated price of $209. As we've been pointing out for the past couple of days, (MS dozy Webbies story) the company seems to have been trouble figuring out the Ts and Cs of this …
John Lettice, 12 Jun 1999

Microsoft hawks Home Server

Microsoft wants you to know that you can now purchase a home server loaded with its very own Windows Home Server operating system. Today, several big-name web retailers unveiled a machine from Hewlett-Packard, which helped develop the new OS, and a second is on sale straight from pint-sized hardware manufacturer Velocity Micro. …
Cade Metz, 06 Nov 2007
The Register breaking news

Palm to offer entry-level enterprise PDA

One of the three devices Palm is expected to launch next October has been revealed as the Tungsten E, a new PDA designed to extend the reach of the pro-oriented Tungsten line down into the low-end of the market. Basic details of the product - its model number, provisional price and the size if its packaging - were posted on the …
Tony Smith, 14 Aug 2003
The Register breaking news

Apple abandons Cube?

The fate of Apple's glorious experiment of aesthetics over commonsense, the G4 Cube, appears to be as good as sealed. MacUser UK reports that the 25-strong Cube team has been disbanded, leaving short term speed bumps as the only path for the ground-breaking computer. The Cube won rave reviews on its debut, with WSJ curmudgeon …
Andrew Orlowski, 15 Mar 2001
Microsoft

Microsoft flogs subscriptions to the unwary and confused

There's no such thing as a coincidence or a missed opportunity in the world of Microsoft, and this is no ordinary week. Just days before thousands of partners from across the globe descend on Microsoft's annual World Wide Partner Conference in the heat of Texas, Microsoft announced licensing programs clearly intended to whet …
Gavin Clarke, 03 Jul 2008
server room

Show us your paperwork - AMD

AMD continues to push forward in its anti-trust battle against Intel, announcing today that it has shifted from customer document preservation mode to customer document production mode. The law permits AMD to ask companies that it either does business with, or has tried to do business with, to hold onto their e-mails, papers …
Ashlee Vance, 06 Oct 2005
The Register breaking news

nVidia, Guillemot to pre-sell Riva TNT2s

nVidia said it had a struck a deal with the retail chain Electronics Boutique to pre-sell graphics cards using the TNT2 3D chip. The move follows a similiar pre-ordering deal struck between nVidia arch-rival 3dfx, now selling boards under its own name, and retail chains CompUSA and BestBuy. Prices start at $150 and Nvidia said …
A staffer, 01 Apr 1999
The Register breaking news

Apple retail chain to open doors in April

Apple's much-rumoured High Street retail operation is inching towards a launch, with three stores set to open their doors in California next April. The first store can be found at the corner of University and Kipling in Palo Alto, the San Jose Mercury News revealed on Friday. The second will be located in Glendale, though the …
Tony Smith, 20 Nov 2000
cable

IBM recalls 117,000 dusty old monitors

IBM has demanded the return of up to 117,000 monitors because they might catch fire. It's taken IBM some time to admit there's a problem. The displays - the G51CRT and G51t Touch Screen CRT - were made more than five-and-a-half years ago. The last one was sold in December 1998. The units were manufactured for IBM in Malaysia …
Tony Smith, 04 Mar 2003
The Register breaking news

Dealers back Microsoft in coalition

A coalition, led by US resellers, has thrown its weight behind Microsoft in its battle with the Department of Justice. Calling itself the Technology Access Action Coalition (TAAC), the group, led by Vanstar president Jay Amato, said that actions against Microsoft and Intel were symptomatic of "a growing trend toward government …
Pete Morris, 26 Aug 1998
The Register breaking news

Apple OS X upgrade: reaction and rumours

Mac OS X fans planning to besiege the stores this weekend to take advantage of Apple's free upgrade offer to version 10.1 are recommended to set off at a brisk pace, and save buying the papers and Woodbines for the return journey. We're not sure how extensive the offer is, after enquiries on both sides of the pond. We heard …
Andrew Orlowski, 27 Sep 2001
The Register breaking news

HP details Athlon 64 desktop support

HP finally unveiled its long-awaited Athlon 64-based desktop at Comdex yesterday. But in something of a disappointment for AMD, it chose to base the first of a new line of gamer-oriented machines on an Intel CPU. The Compaq Presario 8000Z is equipped with an Athlon 64 3200+, 256MB of 400MHz DDR SDRAM, 80GB of hard drive storage …
Tony Smith, 18 Nov 2003
The Register breaking news

Apple exporting retail stores

It can only be hoped that Apple will leave the advertisements for its iTunes Music Store behind as the company takes its retail stores overseas. Fifty-seven Apple retail outlets have sprung up over the last two years, leading to more than $650 million in sales. Apple plans to continue closing in on reseller territory with 20 …
Ashlee Vance, 21 May 2003
The Register breaking news

Tapwave Zodiac console to launch in UK next month

Tapwave will begin selling its Zodiac Palm OS-based handheld games console in the UK "in a few months" sources close to the company told The Register late last week. The move was confirmed by David Wenning, Tapwave's VP of global sales, when he told a New England Palm User Group meeting that the console would ship in Europe …
Tony Smith, 23 Aug 2004
The Register breaking news

Colour Palm IIIc to ship 20 February – Best Buy

As predicted, Palm Computing will ship its first colour handheld next month, just in time for the 3Com subsidiary's upcoming IPO. According to readers of Apple-oriented Web site MacInTouch, US retail chain Best Buy has added the colour Palm IIIc to its product database, which describes the device as possessing a colour screen, …
Tony Smith, 27 Jan 2000