Articles about Downturn

4 arrows signs in arrow on wooden wall

Seagate bleeding sales as PC downturn starts to hit hard

Just like QLogic, Seagate sales figures have taken a dive along with the PC sales downturn, and it's had to issue preliminary results to warn the market. For its fourth fiscal 2015 quarter, instead of the expected $3.2-$3.3bn, it thinks it will make just $2.9bn. It expects to report unit shipments of approximately 45 million …
Chris Mellor, 13 Jul 2015

HP storage revenue downturn? It's just a 'kink', says exec

Analysis HP's first calendar 2014 quarter storage revenue downturn was a blip, according to the global head of its enterprise group – though analysts at IDC may not agree. Bill Veghte, exec veep and GM of HP's Enterprise Group, was speaking about the calendar Q1 numbers that co-incide with HP's second fiscal quarter. He told us the …
Chris Mellor, 01 Aug 2014

Total Computer Networks latest to cock a snook at downturn

Total Computer Networks (TCN) booked another double-digit sales hike in calendar 2012 on the back of a surge in consolidation projects from mid-market customers. The Northampton-based HP- and Microsoft-Gold accredited partner saw turnover bounce 22 per cent, year on year, to a little over £20m - during the worst recessionary …
Paul Kunert, 24 May 2013

US ERP roll out amid a downturn? That's what hit Datatec in H1

A twitchy Datatec today pulled down full-year revenue guidance at the half-way point of fiscal '14 blaming choppy waters around its distie biz Westcon as well as a complex ERP roll out for zapping sales. The South-Africa listed giant, which also houses integrator Logicalis and a consulting arm, said sales for the six months to …
Paul Kunert, 16 Oct 2013

What downturn? Lenovo stuffs pockets with 54% extra profit

Lenovo Group is one of the few PC makers still in the pink, beating market expectations with a fat third-quarter net profit. The Chinese firm's profit jumped 54 per cent to $153.46m in the three months to December last year, up from $99.65m in the same period the year before. Despite the downturn in the global economy and the …
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Oracle laying off its Java evangelists? Er, no comment, says Oracle

Oracle appears to be making redundancies in the ranks of its Java evangelists team. One of the evangelists, Simon Ritter, has taken to Facebook to say: “I've heard it said that you should try something new every day. Yesterday I thought I'd see what it was like to be made redundant.” It's not hard to see why Oracle might …
Simon Sharwood, 04 Sep 2015
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Acer: We're not laying off staff, just shifting 'em out of the PC biz

Acer is not reacting to the downturn in PC spending by cutting heads – not yet anyway – but it is planning a restructure. The company confirmed it is in the process of transferring people to the Bring Your Own Cloud wing, which develops a suite of apps for consumers. The revamp will be felt only in Taiwan at this stage. In …
Paul Kunert, 30 Sep 2015
Job cuts jpeg

Staff at stumbling server storage supplier QLogic brace for big layoffs

QLogic, swaying in the doorway with a tatty photocopy of its lousy prelim results in hand, has warned staff they will be axed to cut costs. A couple of weeks ago, the server-storage connectivity card vendor signaled poor first fiscal 2016 quarter results were coming: sales will be up to $19m lower than the most optimistic …
Chris Mellor, 21 Jul 2015

You know when you spill your drink but keep on dancing anyway? That's totally Intel right now

Intel's latest financial report shows profits hit by the downturn in the personal computer market, but Chipzilla's growing presence in the cloud is helping make up some of the shortfall. In the third quarter of 2015, the computer processor giant generated revenues of US$14.5bn and a net income of US$3.1bn – six per cent less …
Iain Thomson, 14 Oct 2015

Lenovo Euro supremo: Yes, we wrote down PC stock, what about it?

Lenovo’s EMEA president has confirmed the company was forced to write down excess PC inventory after the downturn in the industry caught it and other players in the market short. As revealed months back, Lenovo was the worst offender in a European sector where demand fueled by Microsoft ending support for XP and by wider …
Paul Kunert, 12 Aug 2015

Lenovo stock: The channel iceberg is melting

Until recently, dusty Lenovo PCs were looking a likely candidate to replace concrete in the British construction sector, such was the inventory glut confronting local ops. Things have improved, but still aren’t great. The company has already written down Windows 8.1 stock across Europe in July, Lenovo EMEA president Eric Cador …
Paul Kunert, 30 Sep 2015

IBM and Apple sitting in a tree, k-i-s-s-i-n-g e-n-t-e-r-p-r-i-s-e b-u-y-e-r-s

IBM is once again pushing its software-for-suits in tandem with Apple. Big Blue said it will sell its enterprise customers Mac desktops and notebooks pre-loaded with its IT management software and services. The bundles are aimed at helping IT departments integrate Macs with their current software platforms. Under the new …
Shaun Nichols, 05 Aug 2015

Hear that screeching sound? It's the sales brakes on distie juggernaut DCC Tech

The wheels have slowed on the distie juggernaut Exertis and mobile computing is to blame, Irish parent DCC confirmed today. In a trading update for Q1 covering the three months ended 30 June, DCC Technology which comprises Brit subs Exertis and Gem, revealed things aren’t quite going to plan. “Trading in DCC Technology was …
Paul Kunert, 17 Jul 2015
The Register breaking news

Forrester calls time on IT downturn

Forrester Research today upped its forecasts for spending on IT wares this year, thanks in large part to a slightly faster recovery in the United States than the market prognosticators expected when they did their initial projections back in January. At the time, Forrester called an "unofficial" end to the technology downturn of …

Firmware fixes and hybrid bundles make mutant MSAs meatier

HP has improved its firmware and hybrid bundle pricing to make flashifying its MSA arrays more enticing. The addition of flash PCIe cards and SSDs can radically improve data access times, but also expose weaknesses in controller software/firmware through disk-based access assumptions in the code. HP has found some of these, …
Chris Mellor, 16 Jul 2015

Big trouble in big China: Crashing economy in Middle Kingdom body slams US tech stocks

The Dow Jones Industrial Average shed more than 1,000 points in the first few minutes of trading on Monday, as the effects of China's economic woes spilled over onto Wall Street. China's Shanghai Composite index plummeted by 8.7 per cent – its biggest one-day drop since the global financial crisis of 2007 – sending waves into …
Neil McAllister, 24 Aug 2015
Ocean yacht

Dot Hill sails along with the glass indicating profit set fair

Dot Hill is getting the trade winds behind its sails. The OEM disk array supplier continued its comeback with another quarter showing annual revenue and profits growth as new OEM customers like Teradata and Quantum took its arrays to market. The company reported $61.1 million revenues for its first 2015 quarter, 27 per cent …
Chris Mellor, 08 May 2015

Storage slump? Dunno what you're talking about, beams EMC

EMC basically saw off most signs of a storage slump with a two per cent revenue rise in its second quarter 2015, although with revenue being reduced after paying $75m in a VMware pricing settlement with the US government. Revenues of $5.98bn generated profits of $487m, 17 per cent down on profits a year ago, but still well …
Chris Mellor, 22 Jul 2015
hands waving dollar bills in the air

Insurance giant: IT dealers will survive the downturn

The UK boss at credit insurer Euler Hermes reckons that although channel insolvencies may edge up again next year, B2B resellers are in comparatively rude health. The number of IT dealers hitting the wall returned to levels not seen since the dot-com bust during the first half of 2011 and are forecast to remain high as the …
Paul Kunert, 05 Dec 2011

Stop ROBOT exploitation, cry striking Foxconn workers

Workers at Chinese manufacturer Foxconn have reportedly gone on strike to ask for longer working hours, because automated production processes mean there is less lucrative overtime to be worked. Reports from China suggest that Foxconn workers went on strike after HP cut orders at one of the manufacturer's plants. That's bad news …
Simon Sharwood, 14 Oct 2014
NBN FTTN cabinet

Opticomm wants peer relationship with NBN Co

Fibre infrastructure provider Opticomm is hoping the federal government will help it push NBN Co into standardising its retail service provider interfaces. Th company, which specialises in building fibre networks in greenfields housing developments, recently upgraded its core network, anticipating customer growth in the wake of …
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HP optimistic it can sort that pesky UK downturn

In a slight alleviation of the general economic doom and gloom, HP said today that UK small and medium businesses had seen double-digit growth in the second half of last year. HP's SMB Index, a survey of 1,000 British businesses with between one and 50 employees, found an average growth of 11 per cent in the last six months and …

Emulex ends seven-quarter run of losses

+Comment After seven straight quarters of losses, Emulex has made a $4.3m profit in its second financial 2015 quarter – but that performance might not be repeated next quarter. The profit was better by far than the $4m loss a year ago and the $700k loss in the previous quarter. Revenues were $111.1m, above guidance but still 9.7 per cent …
Chris Mellor, 30 Jan 2015
Nokia N900

World phone biz backs out of downturn

World mobile phone sales were up ten per cent year on year in Q4 2009, market watcher Strategy Analytics said today. World+Dog bought 324m handsets during the quarter. The increase in shipments markets the first period of year-on-year growth the industry has experienced since Q3 2008. Among the winners were Nokia, Samsung and LG …
Tony Smith, 29 Jan 2010

Blu-ray to boom despite downturn

World+Dog will buy more than twice as many Blu-ray Disc players this year than the number sold in 2008, it has been claimed. According to market watcher Futuresource - a long-time Blu-ray advocate - 12m Blu-ray Disc players will be bought in 2009 in addition to Sony PlayStation 3 consoles and PC-oriented optical drives. By …
Tony Smith, 20 Apr 2009
The Register breaking news

IT recruiter dodges downturn

IT recruitment agency Harvey Nash saw a five per cent decline in gross profits in the first six months of this year, but said it maintained revenues thanks to growth in offshoring work. The agency expects revenues in line with last year and a gross profit of £2m for the half year ended 31 July. In a statement to the Stock …
John Oates, 11 Aug 2009

Big Blue bucks the downturn

IBM gave investors something to cheer about today - Big Blue will not be nationalised any time soon. The company pre-announced a summary of its third quarter results, which show it has hit targets for the period, and fully expects to continue to do so. Earnings per share were $2.08 compared to $1.68 for the third quarter of …
John Oates, 09 Oct 2008

Who's the fat kid on the storage see-saw? We think it's All-Flash

Analysis We're in a kind of phoney war right now as all-flash arrays, hybrid arrays and hyper-conveged arrays fight for mind-and wallet-share. The storage world is in stasis whilst customers work out what to do with the onslaught of SAN/filer alternatives coming their way. What are the suppliers doing to cover the various ways customers …
Chris Mellor, 08 May 2015
closed_sign shut down under collapsed liquidation

Birmingham's Computer Bookshops Ltd goes titsup

Birmingham-based tech book seller Computer Bookshops Ltd has failed to make it out of administration, and is being wound up. The company had become a fixture since setting up in 1978, and claimed a portfolio of more than 350,000 volumes by the time it had to call in the administrators in February 2014. Its properties included …
The Register breaking news

VMware not immune to the downturn

Server virtualization juggernaut and Wall Street darling VMware is by no means immune to the economic downturn or to the effects of the transition to its new vSphere 4.0 products, as its financial results for the second quarter show. In the quarter, which ended June 30, VMware's software license sales fell by 19.8 per cent to $ …

What goes up but must come down? NetApp's customer invoices

Analysis Decline is setting in: NetApp's revenues are showing a distinctive downturn – and the latest quarterly numbers confirm the trend. Sales in the third quarter of 2015, which finished January 23, added up to US$1.55bn, which was 3.73 per cent down on the year-ago quarter's US$1.61bn. It was just half a per cent higher than Q2's $1 …
Chris Mellor, 12 Feb 2015

As bankruptcy looms for RadioShack, we ask its chief financial officer... oh. He's quit

The chief financial officer of struggling US electronics retailer RadioShack has resigned – as the company faces a fiscal crisis from which it has warned it may not be able to recover. John Feray, who had served as RadioShack's CFO for nine months, stepped down on September 12, a new filing with the Securities and Exchange …
Neil McAllister, 15 Sep 2014

Corporate crashes in UK IT channel drop back to pre-recession levels

Channel fatalities are down for the fifth consecutive quarter as the local ICT sector growth and the wider UK economy becomes the envy of European neighbours. The numbers of tech suppliers that went pop during Q3 was down by almost a quarter to 56 compared to the war stats from credit reference agency Graydon UK for the same …
Paul Kunert, 09 Oct 2014
The Register breaking news

Tech downturn is history, says Forrester

The economists and box counters at IT market-watcher Forrester Research have called an unofficial end to the IT recession, saying that tech spending will hit $568bn in the United States in 2010, up 6.6 per cent compared to last year, and will rise above $1.6 trillion globally, up a smart 8.1 per cent. While this is good news, …

Experts gathered round corpse of PC market: It's ALIVE! Alive, we tell you

The XP replacement bonanza reviving the PC market isn't yet over, with estimates suggesting that one in five biz machines out in the wilds is still running the thirteen year-old OS, an HP exec has told The Channel. After eight consecutive quarters of declining sales, the commercial PC market returned to life in the first quarter …
Paul Kunert, 22 Jul 2014
The Register breaking news

Insolvency levels show upturn in downturn

UK insolvencies have risen sharply in the past quarter as the recession starts to hit small businesses. But the headline figure is distorted by one group that accounted for 729 separate managed services businesses that all went into administration. There were 4,607 compulsory liquidations and creditors' voluntary liquidations in …
John Oates, 06 Feb 2009

NetApp boffins first to go in 'workforce decimation' plan

Storage array biz NetApp has laid off 300 people at a research and development centre in India and “hundreds” more in the US, according to industry sources. The Times of India reports that anonymous insiders at NetApp's Bangalore operation - which is the company's largest R&D facility outside of the US - have been given their …
Chris Mellor, 20 May 2013

Economic downturn pushes up Q2 PC shipments

Global PC shipments rose faster than expected in the second quarter, buoyed by strong demand in emerging markets and price drops in the US and Western Europe, according to analysts. Research firm Gartner, which had predicted 11.2 per cent growth for Q2, said worldwide computer shipments increased 16 per cent from the same …
Kelly Fiveash, 17 Jul 2008

Brit enterprises still wolfing down PCs post-XP support death

Tech disties feasted on a relative PC sales banquet in Q2 as businesses and to a lesser extent consumers made a belated dash to rid themselves of systems running on Windows XP. Abacus stroker Context collated the sale-out figures from wholesalers and found more than 844k desktops, notebook and PC workstations were adopted by UK …
Paul Kunert, 15 Jul 2014
Students using MacBooks in a lecture hall

A-level results: Before you smile at that jump-for-joy snap...

Traditionally, newspapers illustrate A-Level results day with pictures of attractive teens in mid-air. But soon it could be lank-haired, bespectacled nerds that are performing the vault of victory following news that students are flocking to tech-focused courses. Today is the day where pretty young things and their uglier, off- …
Jasper Hamill, 14 Aug 2014

Toshiba: We'll STAY in PCs! We'll just axe a few bods

Toshiba is the latest vendor to sound the warning alarm that all is not well in its PC business across Europe after scaling back regional offices and axing swathes of the workforce – just as the green shoots emerge. The UK and France ops, which have signed up as subsidiaries of the TEG corporation, will act purely as sales and …
Paul Kunert, 10 Oct 2014
The Tanami Desert en route to Willowara

TELEPOCALYPSE as Australian carriers shed jobs with horrible speed

While Australia's telco industry has become accustomed to the constant slim-down drive at incumbent Telstra and number-two Optus, an accumulation of bad news further down the food chain will narrow the options for the country's telco professionals. Optus' latest job cuts announcement, that rather than the 200 originally mooted …

UK storage integrator Glasshouse Tech goes titsup

Glasshouse Technologies has called the administrators into its UK ops after directors exhausted all possible solutions to heal the sickly infrastructure services integrator. El Chan can reveal that KPMG Restructuring answered the cries for help on 27 March just days before Glasshouse was due to attend a winding up petition at …
Paul Kunert, 02 Apr 2014
Sony PS4


The PS4 is officially the UK’s fastest-selling games console. Ever. Numbers released to insiders yesterday by GfK Chart-Track, which monitors over-the-counter sales of games hardware and software using sales figures supplied by retailers (not manufacturers), show some 250,000 UK-based punters snapped up a PS4 during the first 48 …
Tony Smith, 03 Dec 2013
Argos lorry, photo: Argos

Laminate this: Inside Argos' ongoing online (r)evolution

Think Argos and you think catalogue: The Laminated Book of Dreams, as comedian Bill Bailey puts it, placing thousands of products from crayons to cookers within the easy reach of eager shoppers. Go ahead, laugh it up, but that book introduced a brand new way of shopping in beige 1970s Britain. Shopping from a catalogue was the …
Gavin Clarke, 08 Sep 2015
The Register breaking news

Symantec braces for economic downturn

Symantec's operating profits beat Wall Street forecasts, but the firm still recorded a $6.8bn third quarter loss because of write-downs. The company reported a third-quarter loss of $6.8bn compared to a profit of $132m in the same quarter last year. Sell fell slightly by 0.1 percent to $1.51bn in the the three months running up …
John Leyden, 29 Jan 2009
The Register breaking news

Outgoing info chief predicts data collection downturn

The outgoing information commissioner has predicted that government will reverse the trend to collect more personal data. Richard Thomas made the forecast as part of his farewell speech at a conference in London organised by his office. He said it reflects a growing awareness of the need for a balance between security and …
Kable, 14 May 2009

Chairman grabs CEO's chair at British Airways' IT and comms supplier

KCom Group recorded a first-half year profit slide on the back of infrastructure and fibre optic investments with a downturn in business broadband and large enterprise integration work not helping. Despite the slight stumble for the six months to 30 September, the LSE-listed telco – which provides comms to private and public …
Paul Kunert, 26 Nov 2013
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Brit online property bazaar Zoopla ponders BILLION-pound flotation

British online property portal Zoopla is reportedly considering a stock market listing that could value it at £1.3bn. The UK's second-biggest property search website by page views is looking for new ways to compete with its main rival, Rightmove, and has appointed investment bank Credit Suisse to help it assess its strategy. " …
School of Rock

Good god, where will the new storage experts come from?

As we enter the middle of the 2010 decade, new IT projects are increasingly being designed for the public cloud instead of local IT systems. Gartner figures that by the end of 2016 we'll be through the looking glass, with more money spent on "cloud" applications and services than traditional delivery mechanisms. Soon thereafter …
Trevor Pott, 19 Jun 2014