Articles about Downturn

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Believe your own hype - always

In our third extract from Paul Carr's book Bringing Nothing to the Party, the nascent net-botherer muses on one particularly irksome and precocious flash in the dot com pan... During the post-bubble years, between 2000 and 2004, the entire dot com industry was in turmoil. No one could agree whether we were seeing an industry …
Paul Carr, 22 Oct 2008
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Imation backpedals in Q3

Imation has issued preliminary third quarter figures badly affected by the financial market turmoil in September. For its third quarter ending September 30th (Q3 08), Imation expects to report revenues of $525m, the same as the year-ago quarter and $22m down from Q2 08. Excluding restructuring charges, it expects an operating …
Chris Mellor, 10 Oct 2008
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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, 9 Oct 2008
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Northamber balks at forecasts amidst market uncertainty

Northamber illustrated the fragility of the tech market today with results that showed a slip in sales, increasing credit insurance costs and a refusal to give guidance on its future performance. The distributor managed to boost its profits for the year to June 30, which were up 5.9 per cent to £627,000, despite sales slipping …
Joe Fay, 24 Sep 2008
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IT pay jumps as skills gap widens

The IT skills shortage in the UK is being made worse by the routine offshoring of entry-level tech jobs. Income Data Services’ (IDC) latest findings on IT pay for 2008 shows that offshoring low-levels IT jobs to the likes of China and India has led to fewer graduate opportunities because firms are reluctant to invest in their …
Kelly Fiveash, 26 Aug 2008
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BestBuy blasts into UK with Carphone Warehouse buy

Carphone Warehouse is selling a 50 per cent stake in its mobile phone retail business to US electronics retailer BestBuy, setting the stage for a heavyweight fight in the UK's retail electronics market. The deal will bring CPW £1.1bn in cash, enough to sort out its debt problems and could leave enough in the till to buy …
John Oates, 8 May 2008

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