Articles about Financial Storm

Morse

Morse loses CEO, warns on revenues

Morse said goodbye to CEO Kevin Alcock today as it unveiled a trading update which said full year revenues will come in below last year's. The IT services vendor said that it had experienced “some deterioration in short term services in the final quarter of the year as clients have reduced discretionary spend”. While first half …
Joe Fay, 08 Jul 2008
For Sale sign detail

Gartner cuts 2009 IT spending forecast

IT analyst house Gartner Inc has slashed its global tech spending forecast for next year to growth of just 2.3 per cent. The research outfit was forced to significantly downgrade its previous 5.8 per cent growth prediction for 2009 because of the financial storm currently thundering across the world’s economy markets. IT …
Kelly Fiveash, 14 Oct 2008
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Microsoft adopts Say-on-Pay measure for shareholders

Microsoft jacked up CEO Steve Ballmer’s salary by four per cent for the company’s bumpy 2009 financial year, which ended in June. Redmond paid Ballmer $665,833 compared to his 2008 salary of $640,833, according to a US Securities and Exchange Commission regulatory filing. The Microsoft boss, who at the start of this year …
Kelly Fiveash, 21 Sep 2009
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US tech spending growth to drop in 2009

IT sales in the US will take a hit from the economic turmoil currently rumbling through Wall Street in 2009, according to research firm Forrester. The company revised its predictions yesterday on the same day that computer maker Dell admitted it had been hit hard by "soft" sales. Forrester now says that year-over-year growth in …
Kelly Fiveash, 17 Sep 2008
The Register breaking news

HM Treasury website traffic goes into recession

The government demonstrated just how much its brave efforts to battle the economic downturn have captured the nation's imagination yesterday, coughing to a yearlong slide in traffic to HM Treasury's websites. The figures came in a commons answer from Angela Eagle, Exchequer Secretary to the Treasury, to Mark Hoban MP. Hoban had …
Joe Fay, 17 Mar 2009
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Circuit City files for bankruptcy protection

Beleaguered US consumer electronics retail giant Circuit City today filed for bankruptcy protection. The firm said that its business and 17 affiliates filed for Chapter 11 protection from creditors with the US bankruptcy court in the Eastern District of Richmond, Virginia, where Circuit City’s headquarters are based. The …
Kelly Fiveash, 10 Nov 2008
HP

HP sells cloud vision amidst economic downpour

Hewlett-Packard has claimed the current financial storm blowing out of the financial sector and into the wider economy doesn't make it a really bad time to launch its cloud computing strategy into Europe. The Palo Alto, California-based firm, traditionally known for its heavy weight hardware and imaging businesses is punting …
Kelly Fiveash, 08 Apr 2008
The Register breaking news

Info Commissioner admits 'It's going to be tough'

Information commissioner Christopher Graham says his organisation has sent out a 'shock wave' to improve FoI compliance. Admittedly the weather forecast is poor, but thunder, lightning and torrential rain accompanies GC's interview with the information commissioner at his Wilmslow offices. "Welcome to the north-west," says …
Kable, 02 Nov 2010
homeless man with sign

Servers take dive in IBM's third quarter

When IBM pre-announced its revenues and earnings as the market was swooning two weeks ago, in an effort to calm a staggering and falling Wall Street, the company's overall numbers gave the impression that Big Blue was weathering the financial storm. While this may be true in the aggregate, to IBM's, er, credit as an IT supplier …