Jessica Davis

AMD slashed its revenue expectations for its fiscal fourth quarter by 25 percent, citing weak demand for microprocessors, particularly among consumers. Advanced Micro Devices, known for its x86 microprocessors, had forecast fourth-quarter revenues to be flat with the third quarter, but said in a statement issued Dec. 4 that fourth-quarter revenue would be roughly $1.19 […]

Looking to soften the one-two punch of tighter credit from banks and slashed IT budgets, Lenovo has joined the ranks of IT hardware vendors that are sweetening their financing offers for end customers in order to boost sales through the channel. Lenovo told Channel Insider that it is offering 90-day no payment terms to end […]

While IT solution providers may be seeing their business customers push out payments or delay deals, they are taking the now-confirmed recession in stride. “It’s not like we are in the auto industry facing bankruptcy,” says Ken Lamneck, Tech Data’s president of the Americas, speaking about business and the current economy. “Our partners serve SMBs, […]

Dell is moving to bolster its channel storage sales—and undercut competition—by offering zero-percent financing on EqualLogic equipment purchased through authorized Dell resellers. "In an economic downturn, customers are under pressure to save money," a Dell spokesperson says. "Dell’s Americas Channel group is offering new and competitive financing and leasing options that partners can offer to […]

Looking to add another revenue stream and business model to the mix, more IT solution providers are considering software as a service as an option to offer their end customers, and IT distributors are making it easier to do that. Case in point: Avnet Technology Solutions recently added Microsoft SharePoint to its SAAS portfolio, available […]

After the turkey has been consumed and the football games have been played, retailers open their doors for the biggest day of their year – Black Friday. And e-tailers get ready for their biggest day, Cyber Monday. Why should IT solution providers care? Because consumer spending is two-thirds of the economy and it influences other […]

IT distributor Tech Data’s net income took a serious hit in the third quarter, even as revenues climbed by 3.6 percent year over year. Tech Data CEO Robert M. Dutkowsky tells Channel Insider that the net income drop of 55 percent was due to negative economic conditions and "extreme" currency volatility, particularly during the month […]

Looking to help solution providers identify potential sales opportunities with existing customers, distributor Tech Data is enhancing its MyLeadTracker tool with "next-generation" sales alerts—information about devices at customer sites that are reaching end-of-life. Using that kind of information, solution providers can make recommendations to their end customers about replacement technology—and Tech Data has enhanced the […]

Even as unemployment has reached a 16-year high, solution providers still find it difficult to fill their open jobs – but one distributor is looking to help ease the burden. Avnet Technology Solutions HP Solutions group is offering a new program designed to help HP solution provider partners recruit qualified talent to fill their open […]

The number of workers filing new unemployment claims for jobless benefits jumped last week to the highest level in 16 years, according to data from the U.S. Labor Department, with 542,000 new unemployment claims in the week ended Nov. 15 from a revised 515,000 new unemployment claims for the previous week. But don’t tell that […]

While competitor Hewlett-Packard reported better than expected earnings and revenue in its quarterly announcement this week, the picture for Dell in the year ahead is not nearly as bright. In a preview of Dell’s earnings announcement slated for Thursday, financial analyst firm Bernstein Research said it was lowering its revenue and earnings estimates for the […]

Businesses Slash Spending Across the Board Businesses large and small are cutting their spending-IT, staffing, marketing and sales-in response to either decreasing business or anticipation of lower revenues as a result of the recession. According to Computer Economics, the following are some of the key areas where companies are cutting spending and, in some cases, […]