* Posts by The Godfather

552 posts • joined 7 Oct 2011

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Tech firms reel from Leave's Brexit win

The Godfather

Re: Really?

Do us a favour... Come back and revisit this post in a couple of years.....

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11

Maplin Electronics demands cash with menaces

The Godfather
Unhappy

Sad refrain...

Whenever VC's get a grip of businesses like Maplin, it can only result in tears and hair-pulling. Was a gem of a place in its early days but successive owners have failed to mould it to meet changing buyers habits.

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Trustmarque has been sold yet again – this time to Capita for £57m

The Godfather
Coat

Hot potato

This is a classic case of passing a hot potato around. Expect the original business of Trustmarque to disappear into Capita's black hole.

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Raspberry Pi distributor Premier Farnell in £792m Swiss buyout deal

The Godfather

Re: Payment terms

They in turn I recall frequently took 60+ days to pay

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Dragons' Den-run cloud biz Outsourcery close to sale – sources

The Godfather
Thumb Down

Pardon?

Could never quite understand precisely what this business was supposed to be selling.

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UK.gov's promise to pour cash into SMEs was just hot air

The Godfather
Angel

No surprise then

They always lie on this issue and more

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'Grey tech' broker DP Data Systems has gone titsup

The Godfather
Pint

Shrinkage

Another loss to those that bought from them on the sly.... would be great to see their client base.

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Hungry UK services slinger swallows hosting biz for £65m – sources

The Godfather
Facepalm

65m?

The world has gone totally mad...

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Microsoft and Hewlett Packard Enterprise salute EU flag, blast Brexiteers

The Godfather

Re: Sigh

Don't you believe it.... Pro brexiters have their own agenda firmly set and once their personal aims are achieved, they'll let other sort out the mess.

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I'm in, says insolvency expert, grabs chair on board of Dragons’ Den star's firm

The Godfather

Final call

Shape up or I call in your remaining chips...

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Argos defection to Tech Data whips Ingram Micro's bottom... line

The Godfather
Facepalm

Hard sell...

Unfortunately, despite perilously low margins in selling to such organisations, (sometimes at a loss), the volume is just impossible to ignore as rebates eke out another extra basis point or two for distributors; and they clearly cannot afford to lose this level of turnover.

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Monster Cloud and an angry customer wanting a refund: A Love Story

The Godfather
Unhappy

Monster buffoonery

If you're going to outsource, do it with the right contract and provider, not a bunch of cowboys like this.

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Cloud gear biz Outsourcery is running out of cash. Again

The Godfather
Pint

Generous benefactors

Easy to part a fool and his money.... with a name and promise of good things...

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Fake CEOs pilfer $2.3bn from US biz pockets in three years – Feds

The Godfather
FAIL

Stupidity...

Fascinated that businesses should leave themselves open to such fraud. I'll wager many of them have anti fraud processes but fail to follow them or update them. It really is a simple case of implementing a risk policy, keeping everyone in an organisation aware of it, constantly updating it and above all, ensuring everyone follows it.

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Shall we? Shan't we? Nutanix inches towards IPO

The Godfather
Pint

Pfft

There was I thinking the idea is to make profit...

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Kelway's American owners to import CDW International brand to UK

The Godfather
Pirate

Pooft....

Another established UK IT name disappears into the haze...

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Creaking Surrey distie Northamber: Windows 10 ate my hamster

The Godfather
Pirate

Fish out of water

Cash in tank is the oxygen left but Northamber shot it's bolt when it peaked at revenue and refused to change tack.... using its cash pile to just twist a little in the hope of finding water.

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BT: We're killing the dabs brand. Oh and can customers re-register to buy on our site?

The Godfather
Coat

Re: Hell No

Businesses like BT looked at Dabs given their existing online selling expertise which meant BT would not have to start off their own. Dabs, in its early years was a pioneer 'etailer' and this was the attraction to BT. No different to Insight's acquisition of Action Computer Supplies or Systemax buying Paul Kusak's business in Sheffield. Invariably, when big business buys smaller businesses the value on purchase diminishes as does the level of service while the return on investment becomes more acutely watched and monitored. If there's been a decline it service levels it should have been noticed before now.

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Power outage in Sheffield kills e-commerce at Insight UK

The Godfather

Hmm

So, on promise equally risky...

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Oracle made slightly less money last quarter, and America is to blame

The Godfather

Re: Buzzword Bingo

Not sure I follow cloud being a high volume low margin area... Cloud sales represent just 8% of sales.

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Nearly all cloud ERP projects will 'fail' by 2018, reckons Gartner

The Godfather
Happy

What?

Can we review this in 2018 and call Gartner to comment.

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Tech Data signs data centre kit slinger Quanta in big local sales deal

The Godfather
Meh

Delicate..

Tricky move driven perhaps by a need also to bolster margin and increase share.

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Irate IT distributors chase Amazon over unpaid bills

The Godfather

Easy enough to guess who then...

If it's taken a year or more for this to surface you can bet responsibility rests equally with suppliers for failing to resolve issues or enforce payment legally due.

As for those walking away, there's a suspicion perhaps margins don't merit the hassle. I can recall UK to UK business going this way.

If you're owed money, you charge interest and litigate if that is the ONLY way to elicit payment. If you litigate however, odds are your credit insurance will come down and future business is likely to suffer.

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Truncated Q4 helped send Ingram Micro sales down 19 per cent

The Godfather
Happy

Crystal ball

Ingram's sale is a bold move, the first major to note what's coming and react

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Ingram Micro set for $6bn sale to Chinese enormo-corp HNA Group

The Godfather
Pint

Dragons of the East

Said well before Lenovo purchased chunks of IBM that Chinese mega companies would begin to swallow up more of the traditionally larger western Tech companies. It won't end with Ingram and expect some really big mergers/acquisitions in the next three years, even within western behemoths.

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Insight Enterprises CEO: our EMEA ops are firing... no not staff

The Godfather
Pint

Rock-n-roll

Services therefore at 3%.....

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Techie the most recession-proof job

The Godfather
Pint

The earth's flat...

What a load of old bull....

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Arrow: Fraudsters impersonated one of our execs to steal money

The Godfather
WTF?

Irrational....

Staggered that any business should fail to either implement or enforce simple risk management strategies to counter this type of fraud. It really is not that difficult.

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Google UK coughs up £130m back taxes. Is it enough?

The Godfather
Happy

Here we go again...

Usual clamour yet nothing really gets done to curb tax mitigation loopholes and worse, the crafty movement of profit out of the U.K. To more favourable tax locations. HP UK for example files financials that suggest a good whack of corporation tax. However, it's immediate and ultimate UK Parent 'funds' HP UK and does so by borrowing huge sums of money from abroad and pays equally huge amounts of interest, net result is a huge loss and therefore a net zero UK corporation tax liability. HP are not the only one by any means and these practices extend even to distributors too.

I get totally cheesed off when the media shouts about the usual suspects but carefully avoids naming so so many others, including banks and financial institutions. Either close the gaps or stop bleating.

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Viglen staff mark CEO Tkachuk's passing with a royal tribute

The Godfather
Happy

gold plated bog seats...

This type of executive bog harks back to the 40's,50's ad 60's....These days, it's a fad, akin to having private jet...did this one have a key to enter too or just a doberman guarding the door?by the way El Reg...perhaps time to introduce a new comment icon... a toilet - massive potential for use!

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HPE smashes champers bottle on side of punter engagement centre

The Godfather
Happy

Hand holding?

Is this a prayer or revival meeting?

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ANS Group consumes specialist network minnow Eison

The Godfather

Nice little buy

How much?

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Six Degrees grabs £12m pot of cash from private equity overlord

The Godfather
Angel

More debt?

So, is this additional 12m a gift?

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Microsoft's 200 million 'Windows 10' 'devices' include Lumias, Xboxes

The Godfather
Unhappy

Regrets...

Bought an Asus laptop with Windows 10 and beginning to regret it. Still no solution seemingly to downloading contact list details onto live mail and last night, a Windows update started at 11 pm and finished at 3.00am. Appeared to update the entire OS or so it seemed to me.!

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Retirement home awaits Kelway brand, whisper sources

The Godfather
Pint

It's what happens

Inevitable consequence but Kelway had lived it's life to the full and successfully too. Phil took it to its utmost achievable aim and should be immensely proud. New life beckons but that cannot diminish Kelway's contribution

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Former Sugar babe of Viglen fame set for Chrimbo exit

The Godfather
WTF?

Re: salaries that went up to £10.5m from £6.5m

657 grand is an almighty whack for a business this size and the rise quite unexplainable given results.

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Wick Hill grabs majority stake in networking distie Zycko

The Godfather
Pint

Canny move RPE

Surprised no one else has seen the value and return through such investment in smaller, growing and profitable VAD's

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Booming Ballmer bellows 'bulls**t' over Microsoft's cloud revenue run rate

The Godfather
Pint

Quite right too...

Baller, in this case is correct in his 'explosion'

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Research: Microsoft the fastest growing maker of tablet OSs ... by 2019

The Godfather
Angel

Codswallop...

by 2019, it will be all academic....and possibly quite a different world, more so in tech. Why do crystal ball gazers come up with this rubbish.

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HPE to open private London drinking club

The Godfather
Pint

Sideline activity perhaps or the 'enticement' of punters. No doubt El Reg's Paul took time out in the slug and lettuce.

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Systemax: Shuttering our North America Tech Group may cost $55m

The Godfather
Thumb Down

Wow..

That's some loss in inventory and receivables.....!

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Cisco slurps Acano for $700m

The Godfather
Childcatcher

What?

$700m for a business with turnover of $17.6m and successive losses? Suggest anyone looking to sell fires off an approach to Cisco....easy money.

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Microsoft chief Satya drops an S bomb in Windows 10, cloud talk

The Godfather
Unhappy

Sh.....t

I now expect a greater frequency of Indian or African language cold callers from 'Microsoft' telling me my system has been hacked or infiltrated..

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Profitable business evaporates at Systemax... make that all business growth

The Godfather
Holmes

Bring out the Oxygen

What started life as a successful 'etailer' got bloated with bits such as sub,sub distribution, a penchant for retail stores and a foray in solution sales, areas which they had no real expertise and therefore no real sustainable return.

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HP Inc shares rocket 13% on Wall Street debut after split

The Godfather
Pint

Golly...

Read into this folks...there is a message there perhaps in terms of where one will head and what its future will be...

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

The Godfather
Happy

Re: The real matter about HP CEO

So, not one already on the payroll then..

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

The Godfather
Mushroom

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

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Article No Longer Available

The Godfather
FAIL

Muddy waters

Getting murky....

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

The Godfather
WTF?

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.

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Redstor liked software developer Attix5 so much...

The Godfather
Pint

Why not.

Small buy but it makes sense given historical links.

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