Recent Articles
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Ingram Micro Says SMB Loan Repayments on Track
Defaults on technology financing deals are on the rise, raising concerns about the ongoing availability of credit for such deals, according to a report, but technology distributors and technology vendors with captive financing arms say credit is still available for qualified businesses. Ingram Micro CEO Greg Spierkel told financial analysts during an earnings call last…
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Ingram Micro, Avnet Report Earnings in Wall Street Meltdown Aftermath
Disappointing revenues, low visibility and more interest in lease financing characterized the quarter for technology distributors Ingram Micro and Avnet, reporting their earnings on Oct. 23. "The quarter wasn’t what we expected it to be," said Greg Spierkel, CEO of the world’s largest technology distributor, Ingram Micro. "When we started out and put our forecast…
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Lenovo to Cut 50 jobs in U.S. by End-2008
HONG KONG, Oct 22 (Reuters) – Lenovo Group (0992.HK), the world’s No.4 personal computer maker, said on Wednesday it will cut 50 jobs at its U.S. headquarters by the end of 2008, as the global economic crisis overshadows the business outlook. Global PC shipments grew a slower-than-expected 15.8 percent in the third quarter of this…
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What Do Your Vendors Channel Chiefs have Planned For You Next Year?
As the technology industry sits at the precipice of an economic downturn, channel chiefs at every vendor are likely to feel the pressure to deliver more sales. But the initiatives they choose to focus on for their 2009 channel programs will make the difference on whether they succeed or fail in their efforts to deliver…
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ONStor Cougar Sinks Its Teeth into the Midmarket
ONStor is looking to tap into midmarket demand for storage solutions that deliver cost-savings and performance efficiencies with its new Cougar series network-attached storage gateway appliances, specifically designed for the price-conscious SMB market. Hewlett-Packard’s StorageWorks Simple SAN, announced in April 2008, and Dell’s EqualLogic purchase suggested that vendors were eager to go after the SMB…