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IT bosses not sold on Coalition growth policy
A survey of IT bosses by trade body Intellect has found that many feel the government does not understand their needs. News
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Industry insolvencies up by a quarter
Experian’s latest Business Insolvency Index for July makes sobering reading for the channel. News
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Avaya financial boss out as losses mount
Avaya has replaced its CFO Anthony Massetti, with JDS Uniphase financial bod and one-time Cisco man Dave Vellequette in the latest of a series of leadership changes at the communications firm. News
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Brocade boss bails on a high
Longstanding Brocade CEO Michael Klayko has decided to call it a day after the networking and storage firm posted across the board rises in sales and operating and net profit. News
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Consumer sentiment hurting Acer
Acer booked a slight decline in Q2 sequential revenues as the worldwide PC market continued to slide in the face of weak consumer demand. News
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Little prospect of European recovery, warns Cisco
Cisco CEO John Chambers has warned that he sees little prospect of a realistic European economic recovery in the next few quarters. News
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Loss clouds ShoreTel figures
Unified comms and cloud vendor ShoreTel has ended its financial year on a high with sales up but posted yet another quarterly net loss. News
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Tech M&A activity grows but smaller deals hit values
The level of tech M&A activity has hit the same level as last summer but smaller deals meant that the valuations were much lower in 2012 News
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Rackspace profits from hosted demand
Growing demand for hosted cloud services has pushed quarterly revenues at sector bellwether Rackspace up 29% year-on-year to $319m (£203.7m), while net profit of $25m was up 49%. News
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ABS teams up with Syscap in finance move
Advanced Business Solutions has reacted to a sluggish economy by launching a finance offering in partnership with Syscap News