Posts by The Godfather

Meg Whitman: Next Hewlett Packard Enterprise CEO is already on the payroll

Re: The real matter about HP CEO

So, not one already on the payroll then..

Autonomy ex-boss Lynch tells of poisonous life within HP in High Court showdown

Where's the popcorn and hot dog?

I'd like a front row seat for this pantomime...with a bit of Country and Western soothing the brow

Article No Longer Available

Muddy waters

Getting murky....

It's MY ball! Stone Computers' pre-pack sale placed on ice

And you Brutus?

I very much suspect a deal will be done with James as this would be the right thing to do. Finding an excuse to off-load unsecured loan notes in this way is deplorable and indeed questionable, even if legal.

No doubt in my mind that Stone may find suppliers more wary of risk given recent changes and publicity.

Redstor liked software developer Attix5 so much...

Why not.

Small buy but it makes sense given historical links.

Administrator tries to squeeze blood out of Stone Computers' parent

Re: Chasing tails....

Astute, accurate and precise analysis. History as I knew it too. Fact is that James was Stone, he was both the engine and the driver and his departure left a void that was never adequately filled or managed. Having said that, when one goes through one MBO via a VC (one that knew zulch about the business), goes through a tricky patch and requires rescue involving another VC, the debt upstairs begins to accumulate. Debt, Loan Notes, accrued interest and not enough profit is always a recipe for disaster. This latest escapade is likely to be merely the beginning of the end.

Avnet TS bemoans slow PC sales and currency for Q4 shrinkage

Services?

Any indication on the level of 'services' sales figures?

Systemax bleeds $28m while its shares bounce off the floor

Ooops

Odd, how currency movement favour some and not others...

'Cilla Black introduced me to my wife on Blind Date': Channel man's heartwarming story

comon peeps

Some miserable gits commenting here and there...nice story so why bitch? And Alex is such a nice bloke too...

You know that deal that Kelway bosses said DEFINITELY isn't happening?

And to follow...

Inevitable result and simply the only sensible route Kelway could follow. I suspect however, that given its total takeover, the name of Kelway may well disappear in due course.

Daisy Group’s Riley: Integration of £200m + acquired beast starts today

hard work continues

Those rocks can soon appear very jagged indeed...they will have to strip out quite a lot of cost.

Cisco is ready to axe workers at its Ubiquisys small cell unit

My fulsome bosom....

Fascinating how many lose their way in 'motherships' - smothered to death maybe

Dodgy mobe dealer jumps on VAT carousel, gets 13-year ban

Re: Oh dear...

Probably already are you mean....holding all his assets too...

Confused Colt dumps the IT services market while revenues shrink

Hello???

A very. very confused business...

Microsoft's magic hurts: Nadella signals 'tough choices' on the way

Decapitation...

That lovely word....'execute'... corporate speak for cutting off heads..

Layoff-happy Capita charges staff to use cutlery in canteens

Re: Evolution

BYOB... bring your own bog

SCC: Look at our bulging figure(s). We're fatter than some MSPs

Yuuup

Plenty of scope here....

Systemax Euro CEO Dale is OUT: Misco man gone by month's end

Boooom...

Blow-out time....

The NHS pays up to NINE TIMES over trade price for commodity kit

Do'h

Over charging?....never...who'd do such a thing?................................EVERYONE

Dell slips ring on distie Tech Data

Dell ringing.

Vendor selection of partners and direction pretty predictable. This will not do margins any favours so any gains are likely to be short-lived...for all.

Softcat preps for IPO, closes in on brokers

Inevitable move

This is probably the only real and sensible option at this time even though only a few years ago, the thought of an IPO was perhaps anathema. An IPO will give it scope on the one hand but will also change the 'character' and almost 'family' aspect of its corporate history and growth. Positives but with some negatives therefore.

Tech Data leaps into professional services pool

Diversification...

A bit odd but not surprising. looks like buying a Reseller to sell it's Reseller Services to other Resellers...or is it?

Daisy Group: Yep, we're gonna eat you all up, Phoenix IT Group

Load it up man...

How much is the debt upstairs now...and is it being serviced?

Will YOU be living in a cardboard box under the motorway in five years?

Catching up??

A reminder for those whose memory may be poor...'Solution' selling by either Vendors or Distributors is designed to achieve one aim, the sale of hardware and and software - ergo what they have always sold and will always sell, subject to making any money out of it.

Exertis parent DCC swallows Computers Unlimited for £24m

Boom....

Surprised it took this long for someone to take a good look at Computers Unlimited. Inevitable and has in truth been on the cards for at least the last 5 years. Expect more consolidation. My list of 68 UK Distributors in 2010 is now down to 33...

EMC to channel: Put all your sales eggs in our basket and we'll hurl cash at you

Wacky idea...

This is a ridiculous way to push your kit and suicidal for anyone that attempts it, let alone their clients. This smacks of desperation when perhaps it might not be there.

US titans roll out the numbers... wow, reselling is a tough game

Not really surprising...

Never really been pure resellers. They've had a mix of sub distribution, wholesale and reselling for years. Both are significant buyers from major Distributors and yet compete against them too.

CSC picks up the axe yet again, eyes 800 staffers' quivering necks

In them days....

Used to rate this business...many, many, many years ago...kind of makes one wonder how it was screwed up over the years..

Midland tech dynasty launches The Bank of Rigby

About time too...

Great move and long overdue. it needs someone of this size however to be able to support it. Third party funders and even vendor driven ones have not really ever got sufficiently involved in funding end user deals properly.

What's Meg Whitman fussing over: The fate of HP ... or the font on a DISRUPTIVE new logo?

Jeeezz...

If they paid someone for this, they've been robbed...

NetApp layoffs loom as biz 'operationalizes strategy', 'prioritizes investments'

Wow...

An even more complex bit of 'corporate speak'.... there must be a Reg annual prize for this surely.

Ex-HP PC and print gros fromage Cador rocks up at Lenovo

LOL..

That, should speak volumes.

Cost cutting at Arrow ECS as senior accounts bods exit

Oh Dear

This is how big acquirers lose much of the acquired business. Such a common event but ultimately, most such acquisitions have three aims. Take out a competitor, grab the good high margin bits while there and dump costs when there's no scope for further plunder.

Outsourcery still losing as much as it turns over

pfft..

Anyone got a breakdown of these huge costs?

Lexmark splashes $1BEEEELION on Kofax

Hex mark...

Made the mistake of buying one of their printers....NEVER again..

Distribution of cream among EMC executive fat cats revealed

Well.....

Is EMC a Bank?

Ark scoops £700m to host ALL UK.gov's data centre needs

Safety hatch..

Taking a 25% stake in the business is a bit of a saver....

All change at top of distie EntaTech as veep Atherton splits

Cheers...

Jon did a great job there....the business is however ripe for the plucking...

UK.gov in pre-election 'Google tax' blitz against internet firms

Question...why just US owned internet companies...what about all those large, medium and even small corporates, who like internet companies. mitigate their tax through legitimate practices. HP, for example, pays zero corporation tax in the UK.............

Violin Memory's strings snap as losses DOUBLE from last quarter

Visualize...

Cue the violin player...

Ex-Systemax execs Carl & Gilbert Fiorentino jailed over $27m fraud

Re: Punishment fitting the crime?

The restitution hearing will determine this. Question one must ask is how unique is this? in other words, is this a common theme in supply chain orchestration?

Gamma Global goes titsup after running out of cash

Another one bites the dust..

So, suppliers had credit insurance so it's OK to fail.... pfft....odds are they didn't given recent filings. Point is, if distributors are struggling to make a profit, brokers further down the chain feel it even more. This one has been heading for a fall for three years.

Fears mount over future of hardware distributor Gamma Global

Bang-wallop

Expect the inevitable....crash.

You MUST supply dying customers even if they're in administration, thunders UK.gov

Lay off...

The issue here is quite simple. If, as a critical IT supplier to a business that suddenly goes down the pan into Administration, I am likely to have within my terms and conditions of supply a clause which will state that in the event of Insolvency or implied insolvency, I have a right to immediately cease supply.

If an Administrator wishes me to continue delivery in order that he (the Administrator), can maximise any recovery to fill his pockets and pay secured creditors, then he will have to put his hand into his own pocket and guarantee me payment for any ongoing supply. I may still be peeved that debt owed prior to Administration may not be paid and feel angry enough to stick two fingers up at any guaranteed future payment unless I can increase the charge to account for this.

I'm all for business recovery and continuity but there comes a point where the playing field has to be level and fair.

Are virtualisation and the cloud SNUFFING OUT traditional backup software?

rollox...!

That's it then...bought by EMC soon...

UK biz Six Degrees puts up 'For Sale' sign outside corporate HQ

Oh Dear...

Now there's a surprise....

Arrow Electronics buys Computacenter tech disposal biz for £56m

Yuuup, we'll add that

Diversification mode....

IBM to cut '118k jobs worldwide' – report claims

Surprise? noooo..

Cuts inevitable and on the cards....as for numbers, just wait and see, but they'll be plenty.

Capita IT Services raises the axe AGAIN

Sshhhhhhhhhhhhhhhhhhhhhh

Silence............

Venture Capital investment in Silicon Valley hits dot-com boom levels

8/10 Venture Capitalists (no matter what their size) know sweet FA about the business their money goes into. It's all generally a case of recommendation by others, copying others or taking a punt in the hope one several comes up trumps.

I've witnessed this in the channel, those heady days of dotcom and more recently with the arrival of cloud based technology, mobility and wearable tech.