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* Posts by The Godfather

366 posts • joined 7 Oct 2011

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Misco Shared Services Centre drone brands customer 'insane'

The Godfather
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Angel

Re: Language Barrier

Quite true but herein lays the problem. If you outsource, you either face the consequence of such 'lost in translations' or ensure you hire very good English speakers in your chosen outsource market. Nothing wrng in outsourcing, so long as the customer service is matched or preferably improved.

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The Godfather
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FAIL

Is this Hungarian terms?

Not only a down vote...but utter bollox.

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HP: Lenovo's buy of IBM x86 biz is bad, bad, bad...

The Godfather
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Alert

Re: ROTFL

That my dear fellow has f--- all to do with politics and everything to do with protecting 'their own'

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Azzurri Communications still losing MEELLIONS

The Godfather
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Boffin

Oooh

Bum-clenching times......

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Tech Data shows off perky top and bottom line in fiscal '14....

The Godfather
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Childcatcher

Pips squeaking?

Tough to grow without acquisition and in an environment of squeezed margin and increased cost.

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Veteran Brit tech distie Chessington HQ to become 28 flats

The Godfather
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Pint

aye, bricks n mortar...

Much better margin in property speculation...

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UK tech channel in RUDE health as bankruptcies dip in Q1

The Godfather
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Holmes

yeah...but...

One should look at those less fortunate than CC or SCC and drill down into performance of the sector. Margin pressure is more acute and the real success's are in the SME managed service space.

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The Godfather
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Holmes

yeah...but...

Things are changing...someone really needs to look at performance of those less fortunate than CC or SCC and the changing face of distribution supply and margin squeeze. The real success's are in the SME managed service space.

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Juniper Networks waves axe at 6% of workforce

The Godfather
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Pint

Oops

'implement a streamlined organisational structure that strengthens our ability to execute, reinvigorates our mission-driven culture, and aligns to our growth opportunities'

= corporate-speak tongue twister this one. Translation is roughly along these lines...

We have to cut more costs cos we're still losing focus and need to make what we have left, look better...

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Crayon pleads with channel: Help us build our UK biz

The Godfather
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Paris Hilton

Ouch..

Close-knit community here in the UK..will need a sledgehammer to bust this one.....and margins are already wafer thin for current players and only volume compensates.

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UK storage integrator Glasshouse Tech goes titsup

The Godfather
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FAIL

Ooops

This could have been so different.....had it not been bought by its current owners....

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Boss at 'Microsoft' scam support biz told to cough £000s in comp

The Godfather
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Mushroom

Robbery...

4 months....suspended for 12 with a paltry fine or two? Easy money innit?

Bloke should be banged up now for twelve months with a proceeds of crime claim to nick back every penny. He's done it before apparently....so, what are the odds he does it again?

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Meet Microsoft's latest Windows Server reseller – come on down, Google

The Godfather
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Childcatcher

Food for thought..

Come into the parlour says the spider (Google) to the fly (Microsoft)......I'll eat you up one day soon.

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HDS: channel STILL 60-65% of UK biz, says local COO

The Godfather
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Meh

Meh...

If 60-65% is admitted, consider it to be around 50%

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Cough up or else, HMRC tells storage channel biz

The Godfather
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Facepalm

Quack Quack...

Looks like a dead duck..........

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Dragon's Den star's cloudy biz still losing MEEELLLLLIONS

The Godfather
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Angel

wave the magic wand...

'Given the losses and the current revenues, Kaye Hanaghan, research director at TechMarketView, said Outsourcery needs to "deliver the 'new buds' of scale in the business and prove the model works.

"2014 is an important year in this regard, but we suspect it could be 2015 before we can really make a judgement on the numbers," she wrote today in a blog post'

Make that 2018....there is far too much debt and cost here and no surety the revenue will come at the required rate..best option would be one or two years of growth and sale...to some other unsuspecting investors. Other route is failure if revenue stream and profitability does not rise substantially and quickly

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Whitehall and Microsoft thrashing out 1-year NHS WinXP lifeline

The Godfather
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Meh

Meh..

This is of course,direct with Microsoft...no channel thieves in here then...

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'Catastrophic' server disk-destroying glitch menaced Google cloud

The Godfather
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Pint

Re: This makes no sense

And where your own people can mess around with it...

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Outsourcer Atos outsources hardware, data centre refresh

The Godfather
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Paris Hilton

No.....you do it..

Never mind all that, Atos Origin insist on paying on 90 days....plus...wafer thin margins and needs Distribution support in extended terms...tricky.

An outsource business outsources again...

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Scam emails tell people they have cancer to trick them into installing a money-stealing Trojan

The Godfather
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Mushroom

Sick people..

Got one of these myself but realised straight away it was spam...trouble is, others may not have. Nasty way to approach this and if I find out who did it, I'll gladly castrate them

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Brit education tech supplier comes back to life after collapse

The Godfather
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WTF?

Come on peeps..

Creditors only get paid if there's money there...and there isn't...

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Northamber grabs ladder, claims PC market burning

The Godfather
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Coat

Surrender....

A big ladder needed. This is a business that should not be in IT Distribution. Indeed, some may say it isn't in any event. It needs to move on to something else.

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Brit schools' supplier Tribune Business Systems RUBBED OUT

The Godfather
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WTF?

Gadzooks...

That net asset value of 800K or so at last year end 2012 was down to an equity investment of 1.3m and a loss in that year of close to 600K.

What looks at odds is the level of trade and supplier credit (well over 1m in each case) - roughly five times that of 2011.

That's some increase given prior year sales in 2011 totalled just under 1.9m

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Satya Nadella shakes up Microsoft, appoints 'Scroogled' man Mark Penn as strategy chief

The Godfather
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Coat

Holy Cow...

A new dimension to corporate speak with all this SWAT stuff.....

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Ingram chief on $100m SLASH FEST: 'It doesn't take a genius' to see IT market's changing

The Godfather
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Coat

Here's the door for you..

"It doesn't take a genius to figure out this IT market is rapidly changing from a diversification of form factors and different consumption models of IT,"

Powers of deduction here astonishing, but route is the usual one of pushing jobs out to where they're cheaper and an environment of automation and processes where fewer people talk to people is the result. Ingram's underlying gross margin is down...it's only a logistics acquisitions and Brightpoint that pushed it up by a couple of basis points.

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Mega-distie Ingram Micro cops to plans to axe jobs, padlock offices

The Godfather
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WTF?

What??

Clear as mud. Can we have a translation in English please?

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Microsoft shunts top exec Julie Larson-Green sideways to make way for Stephen Elop

The Godfather
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Re: Wait what?

Alas it's a title that screams 'here's a job and title while we decide how to offload you', cheaply...

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Distie giant Tech Data's profits collapse amid beancounter probe

The Godfather
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Facepalm

Bit of a clumsy 'behemoth'

Despite it's size, this is a troubled business in a bit of a quandary about what to do next. The same can in truth be applied to the likes of Avnet and Ingram too. Operating net income margins of less than 1% are almost akin to scraping the barrel.

Revenue does not reflect the size of businesses they have acquired over the last two years. Serious issues for them in terms of how they realign core historical, current and future activities.

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Dixons Retail and Carphone Warehouse mull merger

The Godfather
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Devil

beware the ides of March..

At first glance....this doesn't look good...With a second glance over the shoulder, it still looks odd. An ill wind blows....

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Tech Data: We need ethics, and we've found the right man

The Godfather
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Whistle blower hotlines clearly don't work that well. Few whistle blowers ever get to retain their job and this is the number one failing. Recall Sarbanes Oxley legislation called for compliance and regular SARBOX audit. If these still missed the apparent errors that called for restatement, the buck should stop higher than the FD and the finance team.

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'Please don't make me spend more time with my family...'

The Godfather
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Coat

Re: Excellent.

Just love the cash burn rate...shareholders wild commitment (will it last)...blind faith in future earnings and key assumptions (in uncertain markets) and going concern assessments. Oh, carries a Company Watch score of 2 - (hindsight in advance). A score of 25 or less is considered high risk. Requires faith in large measures.

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The Godfather
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Re: The devil can be in the detail

Precisely....

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The Godfather
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Pint

Dictionary...

If we get enough of these alternative real or possible meanings, there may well be a market for publication...

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The Godfather
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Happy

Fiscal fun......

Eddie, I'm sure remains the eternal optimist....just sees the fun in reading reports and having a laugh at the all to frequent singularly ugly and verbose attachments to financial statements. Trouble is, if you're publicly listed, you have to find a way of saying things that will appease or at least calm those with vested interest. You cannot afford to touch on the negatives for long.

My current favourite (well for the last 4 years has been the inclusion of 'despite the macro-economic conditions/uncertainty and industry specific headwinds' -wow those last three words can hide a multitude of sins.

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Buy IT Direct: Sales up by a third, but IT kit NOT behind boom

The Godfather
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Pint

Change of name called for...Buy it direct.

Mind you Northamber's now into selling 'slendertone', maybe that's where the future of Distribution lays, broadening products.

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2e2 debt recovery specialist finds... £2,000 in six months

The Godfather
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WTF?

This is an astonishing and farcical story. Realisation of around one tenth of debtors suggest three things - either invoices not collectable due to breach of terms, suspect up front billing or plain and simple shoddy collection.

Creditors have every right to be thoroughly pissed off....

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Samsung leaps out of volume PC game as UK market crashes

The Godfather
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Coat

I'm out...

Consumers have long since deserted the PC and business users are now ebbing away or simply not buying new ones. Makes absolute sense to kick it into touch, more so when you can't make any money. Marginal OEM's may see some traction but this will be short lived and they too will suffer.

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First Dell, now IBM: 15,000 jobs face the axe at Big Blue, says union

The Godfather
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Unhappy

Conga....join in the firing

Sadly, it's a bit like hanging out the washing....one does it so all others follow not to be the odd ones out of face heavier flack by delaying.

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Storage overlord EMC announces growth, plans to slash 1,000 jobs

The Godfather
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WTF?

Gobble-di-gook....

Why can't businesses come out with statements like this without talking an awful lot of waffle.

In simple terms, 'Our revenue's grown nicely but the bottom line at a less accelerated rate so we'll chop a few bods to cut cost and hope this will fix it'.

There, simple stuff people can understand.

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Yes, HP will still sue you if you make cartridges for its inkjet printers

The Godfather
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WTF?

Oh yeh?

In which case, the printers should be free of charge...

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IBM's bailed out of the server market - will they dump Storwize next?

The Godfather
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Thumb Up

Good on yer...

Nothing wrong in dumping big chunks of your business if it's those parts are not making money and no real future point of profit is visible.

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Big tech firms holding wages down? Marx was right all along, I tell ya!

The Godfather
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Pint

Like it..a lot

Great bit of writing and astute observation, put into layman's terms - 10% fine? should be more like 20%

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Blighty's tech sector hasn't had it so good for TEN YEARS - report

The Godfather
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Meh

Meh....

Don't you just love analysts....and bland vague reports

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Microsoft slices Azure prices just days after Amazon's cloud shave

The Godfather
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Angel

Looking ahead...

How long before three, become two, or even one.....?

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Mega UK reseller Kelway bags investment banker for matchmaking service

The Godfather
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Alien

Crossroads...

It'll be at least another year before VC's consider the risk as more palatable and an IPO is probably out of the question, certainly for the next two to three years.

This is far more likely to be a review of the business with the aim of improving return and simultaneously attracting new investment to take out Core Capital, who have clearly been looking for an exit for quite some time. Core Capital was great for Kelway but not once the business pushed past 200m turnover.

With healthier performance, sound future forecasts and new added investment, Kelway could then be better placed to continue growth through further acquisitions.

It's other route is of course to increase value and seek a buyer, not necessarily a UK one.

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I've just seen 10% of the PC biz disappear into the cloud

The Godfather
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Pint

Re: Consumers are a changing

Quite right.....

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Microsoft loses grip on Christmas shoppers... despite XBox boost

The Godfather
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Pint

Re: The issues is the future

Quite right...this is a good analysis of the figures produced with sound questioning. I kind of shiver when I see all the acolytes or those with vested interest fawning over any company's glossed over financials. Time people became objective and freed their minds of crap...

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Microsoft loses cash on each Surface slab – but core biz strong as ever

The Godfather
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Meh

Monopoly still pays....for now.

Options of just continually pushing up the pricing of their bread and butter yield may well be their ultimate downfall. They have a lot of work to do in many areas.

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Alternative Networks swallows Control Circle for £39.4m

The Godfather
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Coat

Here we go again...

Silly money being spent again....

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2014: The year of the cloudy biz bankruptcy... or maybe it isn't?

The Godfather
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Meh

Meh....

Odd-looking summations. Irrespective of cloud, non-cloud,managed services or plain old reselling, businesses fail. If the shape of what people buy has changed and you're not able to match that expectation, you'll fail.

Clouds may well be up there due to hot air but they invariably will always be there and they have a habit of pissing on you from a great height...foolish to ignore them.

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