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Articles about Downturn

Bill_Veghte

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

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
channel

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 …

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
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 …
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
arrow pointing up

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 …
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 …

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
RadioShack

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

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

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

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
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
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
Netapp

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
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

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
Sony PS4

Sony PS4 SHATTERS UK console sales SPEED RECORD

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
chart

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
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 $ …
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
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, …

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

UK tech channel in RUDE health as bankruptcies dip in Q1

It's time to crack open the bubbly: corporate fatalities in the UK channel have fallen for the fourth consecutive quarter, official stats from credit rating firm Graydon UK reveal. Some 61 companies bit the dust in the first three months of the year versus 64 for the same period of 2013, indicating that the UK IT industry has …
Paul Kunert, 04 Apr 2014
The Register breaking news

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. " …
grab_that_cash

Today's get-rich-quick scheme: Build your own bank

Here's a great get-rich-quick idea: Go build a bank. No, really, it's an industry that's ripe for the plucking at present. One way to think about banking is to divide it into four different types: transaction, savings, commercial and investment. Investment banking is all that City-style markets 'n' stuff; commercial is trying to …
Tim Worstall, 18 Jun 2014

Northamber grabs ladder, claims PC market burning

Northamber's colourful chairman is forecasting a "more worthwhile future" - one that is less dependent on tech hardware - but the latest financials still bear the scorch-marks of attempts to put out its burning PC biz. The UK's oldest tech wholesaler has been rather more quiet since listing on AIM, which means the company no …
Paul Kunert, 07 Mar 2014
Steve Ballmer and Stephen Elop

The UNTOLD SUCCESS of Microsoft: Yes, it's Windows 7

Microsoft claims it has now sold more than 200 million Windows 8 licenses, in the first update to public sales claims it has offered since last May. Speaking at the Goldman Sachs Technology and Internet Conference in San Francisco on Thursday, Microsoft executive VP of marketing Tami Reller described the sales growth as "pretty …
Neil McAllister, 13 Feb 2014

Google de-listing of BBC article 'broke UK and Euro public interest laws' - So WHY do it?

Google's publicity stunt this week, in which it de-linked selected mass media articles and posts from its search results and informed the journalists in question it had done so, appears to have been illegal. The gigantic advertising company now faces the prospect of having to re-link to articles it has de-linked in the UK in …
Andrew Orlowski, 04 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

Cloud buyers: Why it makes sense to think local

Cloud computing holds the promise of someone else taking care of automating your IT, but just because that gives you a fleet of power tools doesn't mean you should throw out your hammer, wrench set and screwdrivers. An Anonymous Coward comment about a recent article of mine:What you need to know about moving to the Azure public …
Trevor Pott, 04 Mar 2014

Customs cops shutter 700+ domains in global anti-piracy blitz

Customs officers and cops across the globe have teamed up to take down over 700 domains selling pirated goods over the busy Thanksgiving holiday sales weekend. The US Immigration and Customs Enforcement's (ICE) Homeland Security Investigations (HSI) team joined forces with Europol and Hong Kong Customs to seize top level domains …
Phil Muncaster, 05 Dec 2013

Storage vendors: You're next over the cliff after the server salesmen

You have storage so your servers can work on the data in them. If servers go to the cloud then storage will go there as well, as sure as eggs is eggs. And what is happening to the server market will happen to the storage market. So if enterprise server sales go down, enterprise storage sales will go down as well. Or will they? …
Chris Mellor, 02 Sep 2013

Management buyout at Hamilton Rentals AGAIN

Hamilton Rentals is again a privately owned channel biz after the management team led a buy-out from previous proprietor Xchange Technology Group. The leasing outfit was consumed by Compel in 1996, which was itself flogged to 2e2 in 2007, before Hamilton top brass performed an MBO in 2008 and sold up to XTG in 2011. So far so …
Paul Kunert, 13 Aug 2013
channel

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 period …
Kelly Fiveash, 17 Jul 2008

We saw you admire that rack: UK server sales are finally recovering

Crack open the champers, suppliers - the UK server market actually GREW in Q2, ending five consecutive quarters of misery for those left brushing the dust off their systems. Factory revenues went up four per cent in calendar Q2 to $501m as legacy systems rebounded due to increased project work that followed mainframe product …
Paul Kunert, 19 Sep 2013

94% of Brit tech bosses just can't get the staff these days, claims bank

No matter how optimistic British tech supremos may be, they're still battling to hire and keep skilled hands, according to a new study. This is a headline finding from the latest Innovation Economy Report by the Silicon Valley Bank (SVB). The financial institute surveyed 1,218 CEOs, CFOs and other executives around the world in …
Simon Rockman, 28 Apr 2014
3D printing

Want a licence to print cash? Move to 3D printing

Thought that 3D printers sales weren't going to help you buy a flashy new motor, a luxury holiday or that new pad in the country? Well think again, channel business type. That's according to Canalys CEO Steve Brazier, who stood in front of 600 channel partners at his firm's recent forum in Barcelona, and told them that despite …
Paul Kunert, 21 Oct 2013
John Chen

BlackBerry CEO John Chen: Y'know what, we'll go back to enterprise stuff

Interim BlackBerry CEO John Chen says critics should quit dwelling on the snakebit smartphone vendor's past missteps and look instead to what the company plans to do tomorrow. In an editorial published by CNBC on Monday, Chen said that he has crafted a new strategy for the Canadian firm that leaves it "well-positioned for the …
Neil McAllister, 30 Dec 2013
channel_teaser_money_top

Going into tech services? It's way bumpier than it looks

It is results season for a slew of mid-market resellers but top and bottom line growth numbers have not exactly matched the sizzling sunshine outside, and were cooled by the challenging economy. First up is Burnley's finest, Lanway Corporate Business Systems, which saw turnover in the year to 31 March 2013 dip a little over five …
Paul Kunert, 22 Jul 2013
Man walks on water like Jesus

PC makers REALLY need Windows 8.1 to walk on water - but guess what?

An updated Windows 8 from Microsoft will NOT be the "miracle cure" for traditional PC makers in need of a sales and profits injection. And that's according to IT biz analysts Context. This is the second technology distribution channel watcher in a week to warn that Redmond's touch-friendly operating system tweak, namely version …
Paul Kunert, 19 Jun 2013
union_jack

Bechtle's double digit sales, profit hike in UK? Satisfactory, says parent firm

A double digit hike in sales and profits at the Brit arm of reselling powerhouse Bechtle was merely described as "satisfactory" by its German owner. Coming in the middle of the steepest economic downturn ever, The Channel - suggests the parent firm is perhaps being a little too ruthlessly rational. Sales for calendar 2012 at …
Paul Kunert, 30 Apr 2013
box_shifting_channel

Sales dive at UK's oldest tech wholesaler: PC crash splashes Northamber in red

UK wholesaler Northamber swung to a dramatic loss in fiscal '13 caused by a costly restructure, sliding commodity product sales and eroding margins. The Surrey-based distie – Blighty's oldest tech wholesaler – today reported an operating loss of £1.15m for the year to 30 June, compared to a profit of £97,000 in the previous 12 …
Paul Kunert, 08 Oct 2013
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
Microsoft Surface bomb

Microsoft loses cash on each Surface slab – but core biz strong as ever

Microsoft again reported solid earnings for the second quarter of its fiscal 2014 on Thursday, beating analyst estimates with figures that in some cases exceeded its own expectations. Sales were up for Redmond's Devices & Consumer and Commercial divisions alike, for total revenues of $24.5bn (£14.73bn) for the three months …
Neil McAllister, 24 Jan 2014