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  • HP plunges to $8.9bn loss

    Hewlett-Packard has posted an enormous $8.9bn (£5.6bn) loss in the third quarter of its fiscal 2012. 

  • Dell taps HP’s Haas as PC revenues fade fast

    In a clear signal of its future intentions Dell has hired ex-HP Networking boss Marius Haas to run its enterprise unit, as its PC business struggles. 

  • Tech Data sees declines in sales and profits

    Both sales and net profit at Computer 2000 parent Tech Data have dropped in a torrid second quarter in which its performance failed to match predictions. 

  • 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. 

  • Industry insolvencies up by a quarter

    Experian’s latest Business Insolvency Index for July makes sobering reading for the channel. 

  • 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. 

  • 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. 

  • 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. 

  • 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. 

  • 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.