224 posts • joined Friday 7th October 2011 18:13 GMT
If you make money and are still unhappy, bored, or being accused of doing very little to earn your salary, fire a load of people to show you're still there...simples.
Wonder if their spelling was their undoing... oddly, I just got an email supposedly from HM Customs and Excise saying they owed me £278.89 pence by way of refund...asking me to complete the requisite form to allow the refund to be made.....crude effort but could easily fool some people...
Re: 2013: Microsoft's year of hell rolling along nicely I see
Me too...can't fathom out the surprise though..
Will need major surgery to get this business back into long term survival and growth mode....will the anaesthetist and surgeon be found in time?
One needs check nearer home...vendors and distributors operate similar systems and set -ups, all designed to minimize or zero tax liability.
If this isn't a for sale sign, I don't know what is
Folks were made "aware" that Autonomy was on the block sometime before last month, when HP chief Meg Whitman said during a visit to London that the firm was not for sale. At that stage, Whitman was still saying that HP would go on with its $11bn purchase, despite having to write down its value by $8.8bn.
"We remain committed to Autonomy, we remain committed to the brand, to Cambridge [where Autonomy is based], to the UK," she said at the time.
"It is an almost magical technology. It plays into a big shift in the market, the area of ‘Big Data’, which HP should be in."
I smell reduced or nil insurance on zombifications...
Tacit, public acknowledgement of 'crack teams' to isolate such firms suggests a few things....
Insurers have been careless and been burnt ...
Insurers, in 'coming out' hope to bring positive reaction from 'zombies'....
Insurers are preparing the ground for lower or no cover at all where debt level and interest paid hits a predetermined buffer...
Got nice list of them myself...
Shedding costs appears a common thread among the big boys...Big loss too for Arrow UK with 2e2. Challenging times and transition.....
It's nothing....really, bit like beating Barcelona 7-0. We Germans don't get excited at expectation...
Unrest in Chessington...
Seems a trifle harsh it has to be said given the balance sheet position. Suspect the information flow is not getting to Insurers interim but this perhaps shows how tight they are now getting in provision of cover...foresee tough times.
Late payment is inherent in any trade on open credit. There are indeed ways to address this and minimize its effect and no doubt the author has experience of this. The more critical element is however how new and growing MSP's can fund growth which invariably requires up-front cost in people before increased revenue streams are achieved. Asset Based Lenders (ABL's) are chewing the cud and not being too helpful at present given the nature of billing.
Fascinated by all this argument about 'cloud' and the 'apparent' sudden need to check the financial standing and strength of your chosen partner/supplier.
Fact is no matter what the type of supplier you have and no matter what the service, there is always an inherent risk the service may be damaged, halted or lost. It's really all down to getting the thing right approach to risk management, partner selection and recovery plan.
This is NOT a new phenomenon or uniquely applicable to Cloud or outsourcing
Lower sales and lower margins are simply the consequence of other players getting savvy and competing strongly. Monopoly today and in the coming years will be far less achievable.
Either halted the decline or maybe a case of others moving to doing and selling other tech.....
When monetary loss values are 'touted', it's all about selling the stuff designed to prevent it...
Easy option, innit?
Looks like a a planned stealthy manoeuvre to start afresh in Hong-Kong
Re: For "evaluating opportunities"
Yep, that's how it is..
Dark forces are at play...
Help on offer..
If they want the services of someone with practical risk understanding and a pile of experience, I can come quite cheaply....
glad we missed that one then...
Close shave for Dell......
That would depend on the strength of the suppliers ROT terms and the weighing up of legal costs to enforce versus value of recovery..never easy.
Re: FTI Consulting
Attitude of Directors, investors along with direction and a lack of proper audit that caused their demise
claimed by both 2e2 clients and suppliers..ongoing battle but if clients paid of it, it's theirs.
Given the frighteningly low gross and net profit margin achieved in distribution, this is going to hurt pretty badly. Even worse for those that can ill-afford this type of loss.
Re: And how much did the administrators
128K for three days work between the 25th and 28th January (paid before administration) and a further 2.5m of accrued partner costs as at statement of affairs filing.....
Bog Standard repsonse
Don't you just hate the typically formal sanctimonious reply given by the company... perverse that many are called human relations or marketing areas....
Executive trough-feeding appears to be thriving..yet again.
Do these reports get published every quarter or just when they move too far one way or the other? They carry little real meaning of the state of the economy or business health.
buybuldbuybuildbuybuild...where am I?
Will be interesting to see its results to March 2013 and over the next two to three years. Buy and build is fraught with difficulty, more so given the changes we now see in channel players and technology used. Will this business avoid the pitfalls and pain suffered by 2e2? Let's wait and see.
"While there is no way of knowing exactly how much longer systems integrators, and value-added resellers and distributors, will last in their current forms, it is clear that the distribution channel will go from strength to strength in 2013"
Hardly surprising statement given it's from a major vendor...who does not want to upset partners...kind of 'undoes' the whole article though.
At least they now see and acknowledge the unremitting brutality of the PC Market, unlike those that still see it as delivering massive growth. Dell and others missed the boat in allowing others to lead innovation and are now paying the price. Getting them all to admit it is quite another but the bottom line is that Michael Dell is making the right move in terms of where he wants Dell to be.
heads may roll...
This is not good news and a real surprise. Always found it striking however how some worked in one way and others in other ways when actually covering the same ground, topic or accounting principle.
Feel the chill..
'There may be trouble ahead
But while there's music and moonlight and love and romance
Let's face the music and dance
Before the fiddlers have fled
Before they ask us to pay the bill and while we still have the chance
Let's face the music and dance
Soon we'll be without the moon, humming a different tune and then
There may be teardrops to shed
So while there's moonlight and music and love and romance
Let's face the music and dance
Come on peeps...they've set up again, with a 'clean' slate and only matter of days following 2e2's demise. You can't really fault them beyond asking what on earth prompted them to extend this level of credit to 2e2 - that was irresponsible given financial data available and press articles.
Equanet was a great business - until it was sold to/bought by Dixons. Could never really fathom out why Equanet took the plunge with Dixons. No surprise either to see Dixons didn't have a clue what to do with Equanet and the end result was decline and confusion. Now the remnants, such as they are, are swallowed by Kelway, a business that has to continue an acquisition path in order to show revenue growth.
Re: Not yet IMO
Shit, this sounds complicated...I'll just stick with Sky (robbers)...
Below expectation overall..
Challenging indeed...let's see how numbers add up without any fresh acquisition
Very difficult times for Northamber - declining business remains unchecked - can this ship turn around?
Re: Looking Glass
If I lived in Staffordshire, I'd be asking questions.....
Icing's getting crusty and hard
"Channel partners account for 70 per cent of HP's turnover, but Ryan said if this increased to "80 or 90 per cent I'd have no problem with that".
But if it did, I'd be out of a job... !
I cannot fathom out why manufacturers simply cannot be honest, up-front and clear in their so-called channel strategy. If they were, their partners could go about their business knowing a segment of opportunity is there for them to scrap over. What partners want is an undertaking that vendors will stick to their chosen direct percentage and not enlarge it or even diminish it without advising partners. Simply suggesting as they have in the above quote is meant to create intense 'fervour and expectation' of a greater channel chunk of the pie when reality is the bit partners have is already a trifle stale given HP's woes of recent times. Keep the 30% Mr Ryan but refresh and re-bake the cake.
Re: Symptomatic of a bigger problem
Overall, your assessment is largely correct. The collapse of PC's in the consumer market has been evident for at least 3 years or more but the assumption these will always be prevalent in a corporate environment, may be misplaced. Indeed if they do remain, they'll arguably largely be built by Lenovo.
It's all to easy to uncover shit from previous regimes and no doubt in future years, more shit will be uncovered on those now in command. The single biggest failing of businesses like HP is clinging to a belief and dogma that says 'we don't have to change'
Someone nice as well as capable
Humility and grace...two rarely encountered traits...
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