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Woman sweats... looks worried
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Feel the pension pot burn, Canadian DXCers

Exclusive DXC Technologies Canada will match only half the pension contributions made by former HPE Enterprise Services staff in yet another dramatic expenses purge. The amounts funnelled into the ESIT Retirement and Savings Programme will be calculated differently from the start of next year, DXC told staff yesterday, in documents seen …
Paul Kunert, 24 Oct 2017
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This is no yolk. Newegg scrambles against rotten shell company claims

Updated Online electronics souk Newegg has been accused of taking part in a financial scam that duped banks in South Korea out of billions of dollars. This according to a complaint filed in the US District Court for Los Angeles by Industrial Bank of Korea, Nonghyup Bank, Keb Hana Bank, and Kookmin Bank. The lawsuit, filed late last …
Shaun Nichols, 23 Oct 2017
depressed man dines at empty plate
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DXC slashes meal allowances for travelling troops: Please sir, may I have some more?

In the pursuit of ways to further squeeze its overheads, DXC Technologies has issued a fresh directive to the troops by further clipping travel costs and capping client entertainment. This is a tightening of previous rules instigated by the powers that be at DXC in May – the outsourcing provider is seeking to slash its …
Paul Kunert, 20 Oct 2017
closed sign
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Misco UK chops majority of workforce, pulls down shutters

Misco UK has laid off 300 staff, as expected, after ceasing to trade and appointing administrative receiver FRP Advisory to pick through the ashes of the loss-making business. El Reg revealed at the start of this week that the Northamptonshire-based firm’s boss Alan Cantwell was trying to raise additional funds to rescue the …
Paul Kunert, 19 Oct 2017
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Future of Misco UK hangs in the balance – sources

Misco Group Ltd is holding eleventh-hour talks to secure additional funding to turn around the business and stave off the threat of administrative receivership, multiple sources have told The Reg. The majority of Misco’s European operations were sold to IT industry exec Alan Cantwell backed by Hilco Capital – the private …
Paul Kunert, 17 Oct 2017
murder
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Resellers on Surface: Yeah, go ahead and kill it. What do we care...

Canalys Channels Forum The biggest tech resellers in Europe would not mourn the demise of the Surface device should Microsoft decide to kill it off by 2019, as was recently predicted at the Canalys Channels Forum. Industry figures including Steve Brazier, CEO at Canalys; Lenovo COO Gianfranco Lanci; and Dell president Marius Haas have all claimed …
Paul Kunert, 17 Oct 2017
Vladimir Putin
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Microsoft is Putin a stop to Russian-sanctions-busting IT resellers

Microsoft is investigating how some of its products were sold to businesses and government offices within Russia and Crimea despite strict sanctions against such sales. El Reg understands the American software giant has been probing these sanctions-dodging allegations for some time now, and that the products in question are …
Shaun Nichols, 12 Oct 2017
A businessman begging

HPE: Cloud Server WILL survive... we just need someone else to buy 'em

Canalys channels forum Hewlett Packard Enterprise is reworking the Cloud Server line jointly developed with Foxconn – a unit that was under threat – and plans to launch shiny new products in the not-too-distant future. The servers were aimed at tier-one service providers and formed HPE's answer to original design manufacturers in the Far East that …
Paul Kunert, 05 Oct 2017
trolley_shopping_648

Microsoft titan's daddy buys Phoenix. Bytes is going to be a big reselling brother

A disturbance was noted in the reselling channel today when the parent of Bytes UK slurped rival Microsoft licensing solution partner Phoenix Software for £35.9m. The deal with see York-based Phoenix become the sister-company of Bytes Software Services (BSS) and Bytes Security Partnership, which are subsidiaries of …
Paul Kunert, 29 Sep 2017
recruitment_hired

Lenovo fishes in Brit PC pond for new UK boss

Lenovo confirmed to the UK teamsters this morning at 9am that a new boss is set to parachute into the vacant MD’s hot seat locally in a little under six weeks. Preben Fjeld will take control of ops as GM from 1 November - he quit Acer last week where he was the UK country manager from July 2015. In a statement to staff, seen …
Paul Kunert, 25 Sep 2017
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DXC squeezes suppliers for extra margin, issues ultimatum

The procurement team at DXC Technologies might consider giving courses on how not to win friends or influence people after sending suppliers an ultimatum: cough better financial terms or else. In a global initiative to bulk out margins, the outsourcing firm wrote to its traders warning them that if they wanted to remain on the …
Paul Kunert, 19 Sep 2017
A group of happy corporate looking types celebrate
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DXC Technologies mails another corp message (gulp)

Repeated redundancy programmes and the imposition of penny pinching measures can make a workforce glum, no matter how many fancy dress days a company offers: DXC Technologies might have realised this. The outsourcing provider has this week informed its grunts in the UK who don’t qualify for existing bonus schemes that one is …
Paul Kunert, 18 Sep 2017
Piggy bank photo via Shutterstock
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Ex-EDS bod at DXC Technologies? Sign up to new pension scheme - or else...

Exclusive Frankenfirm DXC Technologies is proposing to kill off the final salary pension scheme for former EDS staff and will refuse to fund pay rises and bonuses to those affected who do not sign over to the new package. This will impact 99 active members of the EDS 1994 pension plan and 1,119 people that are on the EDS Retirement Plan …
Paul Kunert, 14 Sep 2017
Green light
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Enterprises gooey for Windows 10 as OS helps Computacenter rake it in

Computacenter is paying £100m in dividends to shareholders after reporting a double-digit rise in profits on the back of a sales spike that was in part boosted by Windows 10 implementations. According to unaudited numbers for the first half of 2017, revenue leaped 15 per cent year-on-year to £1.7bn with a 12.9 per cent upward …
Paul Kunert, 25 Aug 2017
Facepalm from Shutterstock
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Reality strikes Dixons Carphone's profits after laughing off Brexit threat

Pricier smartphones and lower EU roaming charges will dampen Dixons Carphone's bottom line, the retailer's CEO warned today in an unscheduled trading update that sent its share price crashing by 30 per cent. The company had dismissed the Brexit effect on its business in previous communications with investors some months ago, …
Paul Kunert, 24 Aug 2017
A closed sign
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IT reseller Misco UK shutters warehouse and distie centre

Misco is shuttering its UK warehouse and distribution centre in Greenock, Scotland, in a bid to drag the P&L accounts out of the red. The company was owned by US parent Systemax until it, along with operations in the Netherlands, Italy, Spain and Sweden, was sold to private equity outfit Hilco Capital in March – the firm that …
Paul Kunert, 21 Aug 2017
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The sky is blue, water is wet and UK PC shipments are down

Brexit and the general election were highlighted by Gartner as being among the reasons why the good folk of Britain purchased far fewer PCs in Q2. Sales of computers into retailers and distributors dropped by around eleven per cent year-on-year in the period from the start of April to the end of June, according to data sent to …
Andrew Silver, 21 Aug 2017

NetApp channel chief Bill Lipsin leaves firm

Bill Lipsin, NetApp's VP for global channels, is leaving the company. While NetApp looks for a replacement, the channel team will be headed up by Rick Hegberg, VP for OEM and alliances. The company said: "We wish Bill all the best and thank him for his many contributions." Lipsin joined NetApp in May 2015, leaving his …
Chris Mellor, 02 Aug 2017
Image by Mark Bennetts http://www.shutterstock.com/gallery-2389319p1.html

Maintel snaps up Intrinsic for £5m

UK comms and networking integrator Maintel has snapped up Merseyside-based reseller Intrinsic Technology for £5.2m. Intrinsic Technology, a Cisco Gold partner, has burned through a succession of chief execs since undergoing a £43m management buy-out in 2011. The company posted a loss before tax of £547,000 on a turnover of £ …
Kat Hall, 01 Aug 2017

DDN offers help to 'stranded' Seagate ClusterStor customers

DDN says it will provide support to stranded ClusterStor customers following Seagate’s product line shutdown - only they are not stranded. Seagate announced it was closing its ClusterStor product line last week, with Cray buying the HPC array product business and taking on the support obligations. DDN co-founder and CEO Alex …
Chris Mellor, 01 Aug 2017
closed

Expansys shutters online mobile gadget souk to consumers

Mobile gadget souk Expansys shuttered its digital doors to consumers – a natural conclusion for a business that lost direction under the ownership of lanky Dragons' Den badass Peter Jones in a commoditised space. "Expansys is now focused on its partner and B2B business hence the website is closed to consumers. If you are a …
Paul Kunert, 22 Jun 2017
That cheeky Hosted IT van, parked outside Storm Technologies' HQ
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Cheeky IT rival parks 'we're hiring' van outside 'vote Tory' firm Storm Technologies

Pic A rival of the reseller who threatened to sack Labour-voting employees hired a billboard van to drive past their HQ with the words “we’re hiring – where your vote is your choice” emblazoned on its side. The electoral gaffe by John Brooker, MD of Storm Technologies, was widely reported in the days after the general election on …
Gareth Corfield, 22 Jun 2017
closed

Microsoft distie Entatech goes TITSUP

The loss of contracts with strategic vendors and the subsequent decline in sales forced components distributor Entatech to call in administrative receivers, The Reg can confirm. Insolvency practitioners Chris Pole and Mark Orton from KPMG were appointed on 8 May, and now face the task of "exploring" what seem like limited …
Paul Kunert, 09 May 2017
from the great gatsby pic copyright: warner brothers
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Franken-firm DXC Technology is born today, the fun begins...

Franken-firm DXC Technology, the corporate mash-up between CSC and HPE Enterprise Services that was brought to life today, has urged staff to turn up to work in fancy dress, or at least corporate colours, to celebrate the launch. Memos - seen by us - were sent to staff of the new company at the end of last week, listing all of …
Paul Kunert, 03 Apr 2017
A "sold" sign
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Sources: Misco sold to Hilco Capital, care home for the distressed

Exclusive Systemax has offloaded almost all of its Misco-branded European reseller operations to Hilco Capital, a buyer of distressed firms that will add the failing tech supplier to a basket that already contains HMV and Staples, multiple sources have told The Reg. An agreement was reached on Friday that comprises entities trading as …
Paul Kunert, 26 Mar 2017
Man throws briefcase in the air happily on the beach. Photo by Shutterstock

Alternative vet Quartermaine exits Daisy, Daisy...

Brit IT services giant Daisy Group has waved goodbye to former Alternative Networks CEO Mark Quartermaine – just months after it bought the comms and tech integrator, an internal document has confirmed. The absorption of Alternative, bought for £165m in December, was detailed in a memo this week by Daisy CEO Neil Muller, who …
Paul Kunert, 24 Mar 2017
A hand holding an axe in shadow

Safe, staffers? We'll let you know

Staff at Safe Computing - Britain’s nearest equivalent to Workday - are feeling anything but secure about their livelihoods after reading a proposal by their new owner to axe some jobs. Safe, which writes HR, payroll, staffing, financial and background screening software and employed just shy of 200 people across offices in …
Paul Kunert, 20 Mar 2017
Hand pulls on a latex rubber glove (disposable). Photo by shutterstock

FCA straps on rubber gloves, eyes Redcentric's accounting mess

The Financial Conduct Authority is to probe the accounting screw-up at Redcentric that was made public last autumn when the firm admitted to overstating assets and understating net debts by millions of pounds. The London Stock Exchange-listed MSP said it made multi-year number crunching errors that saw net assets exaggerated …
Paul Kunert, 20 Mar 2017
Sheaf of £50 notes poised on the rim of a toilet bowl as toilet is flushed. Collage of two photos sourced from Shutterstock

Capita swallows £50m blow after writing down historic contracts

Everyone's favourite cuddly outsourcing corp Capita is writing off a cool £50m worth of assets related to certain deals with customers after a "comprehensive review across its major contracts" base. The listed firm today told the London Stock Exchange that top brass had decided to "impair, at the year end 2016, a number of …
Paul Kunert, 21 Feb 2017

BlackBerry wraps up India

Tying up loose ends, BlackBerry has found a licensee to sell BlackBerry-branded devices in India, Bangladesh, Sri Lanka, and Nepal. It now has deals in place covering the planet, the largest by far being with Chinese giant TCL. Publicly listed Optiemus Infracom will sell the devices in the Indian region. The company is a …
Andrew Orlowski, 06 Feb 2017

ENTA founder Tsai gets banhammer as company director for 13 years

Thirteen is certainly unlucky for Jason Tsai, one-time owner of distie Changtel Solutions UK – formerly ENTA Technologies (ETL) – as that's the number of years he's been barred from being a company director. The “disqualification” was due to Tsai’s participation in a VAT carousel – also commonly known as missing trader intra- …
Paul Kunert, 27 Jan 2017
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock
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Unite: CSC UK set for 'jobs massacre' as 1,101 heads put on chopping block

Sickly outsourcing titan CSC UK is strapping another 1,101 staff to the employment catapult to be hurled out of the organisation between March and September, according to Unite the union. In a newsletter to members - seen by us - the union claimed it was “time to fight” the pending “massacre” of jobs “across most areas of the …
Paul Kunert, 25 Jan 2017
Chart

Computacenter: No mention of Brexit but UK sales went nowhere in 2016

The gods of channel sales growth did not smile on Computacenter in 2016 as the UK filed standstill top line numbers and progress in European ops was unpicked by unfavourable forex rates. Unaudited results for the financial year were released today, showing group revenues that were flat on the prior year, indicating they were …
Paul Kunert, 23 Jan 2017
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Congrats, PC slingers. That's now FIVE straight years of shrinking sales

Santa's sack was bulging over Chrimbo, but it wasn't due to PC-shaped presents – computer sales slipped again in the final quarter of 2016, capping off five consecutive years of market shrinkage. According to data from Gartner, shipments to distributors and retailers fell 3.7 per cent year-on-year to 72.6 million units. The …
Paul Kunert, 12 Jan 2017
cloud
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Microsoft cans pay-as-you-go Azure for new MPSA licensees

Come February, Redmond will be ending pay-as-you-go Azure access for new customers on the Microsoft Products and Services Agreement, as it turns to channel partners to win small customers who are floating away. Existing customers currently purchasing Azure on a pay-as-you-go basis through the MPSA will be allowed to continue …

SCC veterans set to leave the building after two decades

Nigh on 20-year SCC veteran Andy Wright is hanging up his company overalls to take a commercial director role and board seat at reseller XMA, sister company to distributor Westcoast. SCC CEO James Rigby confirmed to El Reg that Wright, who was also his firm’s commercial director, will leave at the beginning of March. “He’s …
Paul Kunert, 11 Jan 2017

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