Articles about Downturn

 Good GCSEs should cost parents a Jesus-phone

RM: School spending on tech is soft, soggy and downright subdued

School spending on tech remains “subdued”, according to specialist education supplier RM at the half-way stage of its fiscal year 2016, ended 31 May. Revenue slid 3.8 per cent year-on-year to £76.8m, but excluding the disposal of SpaceKraft, which made sensory learning devices for children with special needs, sales fell 1.4 …
Paul Kunert, 04 Jul 2016

Microsoft fingered for Western Euro PC tragedy

Microsoft last year effectively murdered one part of the mobile PC market that was going gangbusters - Windows with Bing (WwB) - and unsurprisingly this is now reflected in weaker sales across Western Europe. The low-cost WwB portables reached distributors by summer '14, designed to counter what was seen as a growing threat to …
Paul Kunert, 27 Apr 2016
European commission photo via Shutterstock

Europe is spaffing €20bn on handouts for tech

Sketch Europe's dreams may be sinking like the Titanic, but wait: there’s €20bn of taxpayer’s cash swilling around for tech handouts. So we found at yesterday's Digital4EU shindig. “There’s a lot of money with a digital label on it – over €20bn,” said Luciana Tomozei, policy advisor at the European Investment Bank. This comes via …
Andrew Orlowski, 26 Feb 2016
You're fired dialog box

2016 tech shakeout starts with CxO exodus

Analysis The rumblings of over-priced tech stocks, made real last month in above-market share falls, have started hitting home with a series of high-profile exits this week. Gone are Zenefits CEO Parker Conrad, Imagination Technologies CEO Hossein Yassaie, Yelp CFO Rob Krolik and Paypal CTO James Barrese. All resigned, although it has …
Kieren McCarthy, 09 Feb 2016
De Vaartkapoen. Pic: Bianca Bueno

WD notebook drive shipments plummet

WD revenues and profits are declining as it finds disks and SSDs a hard sell in what its CEO calls “an increasingly challenging global economic environment”. Revenues for the second fiscal 2016 quarter, ended Jan 1, were $3.3bn, which is 2.94 per cent lower than the $3.4bn recorded for its first quarter and a decline of 15 per …
Chris Mellor, 29 Jan 2016
The_Tomb_of_the_Diver_Paestum_Italy

Symantec's getting $1bn less for Veritas thanks to ‘uncertainties’

The Carlyle Group and Symantec have agreed to cut Veritas’s top line purchase price by $600m, as "uncertainties" related to the transaction have come to the fore. Back in August the Carlyle Group agreed to buy Veritas, Symantec's storage business, for $8.0bn, with Symantec expecting to receive $6.3bn in net cash. That price …
Chris Mellor, 20 Jan 2016

Gartner sees enterprise SSD-HDD revenue crossover in 2017

Comment Gartner gnomes think revenues from enterprise sales of SSDs will exceed those from HDDs in 2017. Well, let's look into that claim. We all know SSDs are taking over from fast disk drives as the main storage medium for primary data, and now Gartner’s esteemed number-crunchers have estimated when the two revenue lines will cross …
Chris Mellor, 07 Jan 2016

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
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

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
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
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

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

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
shutterstock_101821642

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

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
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

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

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
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
See_saw

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
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

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 …
Chris Mellor, 12 Feb 2015
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 …

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 …
Chris Mellor, 30 Jan 2015

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

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

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
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
Huawei P1

European networks giants have adjusted to life with Huawei at last

Analysis The wireless infrastructure vendors were uncharacteristically upbeat in their second quarter results announcements. The impact of Huawei and ZTE has overshadowed them for so long that it seemed like a permanent fixture, but to a great extent, the western suppliers, and their shareholders, have now adjusted to the reality of …
Wireless Watch, 04 Aug 2014
Bill_Veghte

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

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

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
Freescale Internet of Things overview

Traffic lights, fridges and how they've all got it in for us

No doubt many of The Reg’s readers are tired of the term “the Internet of Things”. It is both a nebulous term and a vague idea. What it attempts to encapsulate is the masses of networks of automated machines that didn’t traditionally have connectivity, working to manage the environment around them, supposedly for the benefit of …
Tom Brewster, 23 Jun 2014
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 …
Trevor Pott, 19 Jun 2014
grab_that_cash

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

Worstall on Wednesday 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 …
Tim Worstall, 18 Jun 2014
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 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 …

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 …
Simon Rockman, 28 Apr 2014

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

Organic food: Pricey, not particularly healthy, won't save you from cancer

Comment One of the primary drivers of the growth in organic food sales over the last couple of decades is the perception that organic food is healthier than conventionally farmed food. It stands to reason, doesn’t it? After all conventional crops depend on chemicals and organic food doesn't. And we all know that chemicals, in this …

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

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

Cloud buyers: Why it makes sense to think local

Analysis 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
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 " …
Neil McAllister, 13 Feb 2014
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
closed_sign shut down under collapsed liquidation

2014: The year of the cloudy biz bankruptcy... or maybe it isn't?

Once again the channel has proved to be a hardy bunch as insolvencies remained pretty much stable in 2013, despite a meltdown in some areas of tech infrastructure spending. Some 293 resellers bit the dust in the previous calendar 12 months, versus 285 in the previous year: a 2.8 per cent rise. 66 hit the wall in Q4, up from 57 …
Paul Kunert, 23 Jan 2014
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