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Archive for the ‘it hardware’ Category

IT Budget Crunch

In it, it hardware on October 17, 2008 at 11:58 am

A new report from Datamonitor says that Technology vendors could shortly find themselves up against it, with IT budget growth expected to slow in 2009.

Datamonitor based their report on a survey of 8,000 global IT ‘decision-makers’. 37 per cent said that they were expecting to see their IT budget increase in 2009. Half stated that they expect to their budget to stay the same in 2009.

The exception, however, was the healthcare sector, where the majority of healthcare industry respondents (57 per cent) said they plan to expand their IT expenditure in 2009.

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M&S Seek Salvation in IT

In it, it hardware, retail, stocks, technology on July 17, 2008 at 11:09 am

Information Age magazine has highlighted a couple of tech-related nuggets from the latest M&S annual report

The UK’s most famous retailer has earmarked £450 million for IT spending over the next three years in a bid to push into international and online markets and ease its reliance on the ailing UK retail environment.

“We’re planning to take more control of our logistics from source to store, allowing us to monitor our stock more efficiently and improve margins,” the report said.

The report also revealed the company’s motivation for this IT focus – it’s online business, M&S Direct, grew 70% over the year (making £300 million in sales), while international sales grew 16% bringing in £713 million.

Upbeat Update from Intelek

In aerospace, AIM, communications, it hardware, stocks, technology on April 25, 2008 at 1:10 pm

Electronic communications systems specialist Intelek (AIM: ITK) is reporting that underlying profits will ‘comfortably’ exceed market expectations.

The AIM-quoted company, which made £5.6 million pre-tax profit in the year to March 2007 on £37 million turnover, supplies electronic systems for satellite and microwave communications, as well as precision parts for the aerospace market, reports progress throughout its divisions.

Based in Swindon, Intelek, increased ‘underlying’ pre-tax profits 45 per cent to £1.48 million in the six months to September and now says ‘strong trading’ continued throughout the financial year to last month.

A bright light stock during these dark days. Worth looking over.

Belgravium Technologies Improves profitability

In computers, it hardware, technology on March 19, 2008 at 11:50 am

Mobile computing systems specialist Belgravium Technologies has lifted annual pre-tax profits 11 per cent to £2 million despite falling turnover. The Bradford-based company had warned last year that customers were becoming more cautious and cutting their capital expenditure and it saw turnover fall 2.9% to £10.6m in the year to December 31. However it improved its pre-tax profits to £2.05m from £1.84m last time thanks to contributions from its Touchstar and Novo businesses.

Chairman John Kembery said the profit growth demonstrated its world leading status in mobile computing systems for logistics and retail markets. “These results demonstrate the inherent strengths within our market leading business and we look forward to the opportunities in the year ahead.” Fair dues to the man and the co. who have produced good figures against a backdrop of heightening global economic uncertainty.

Belgravium is a computer design and manufacturing company, specialising in the mobile computing and Radio Frequency Data Communications (RF/DC) market areas.

Advent Ventures into Wireless USB

In communications, computers, it, it hardware, technology, venture capital on March 1, 2008 at 1:01 pm

London-based Advent Ventures has joined in the latest Series D funding round at Wisair, a California-based developer of “dongles”, which allow devices such as computer keyboards, digital cameras and laptops to communicate with each other wirelessly. The round completed $24 million (£12.2 million).

Other new investors in this round are US private equity group Susquehanna Growth Equity, 40-year-old Japanese VC firm Yasuda Ventures, and Bridge Capital Fund of Japan, an affiliate fund of Tokyo-based investor Nikko antfactory. Wisair, whose technology allows data transfer at speeds of up to 480 megabits per second within a ten-metre radius, has already received $48 million in previous fundraisings. This latest round brings the total now invested in the company to $72 million. Existing venture capital investors include semiconductor specialist Broadcom, private equity giant Apax Partners, and Intel Capital, the investment arm of the US technology group.

Martin McNair, general partner at Advent, says his firm will be helping Wisair find technology partners in Europe.

Synchronica hunting for more cash and more markets

In AIM, communications, e-mail, it hardware, software, wireless on February 20, 2008 at 4:34 pm

Bombed-out AIM company Synchronica (AIM: SYNC) has raised £2 million – only one month after saying it had ‘sufficient cash to meet its present needs’. Cough, cough. Its 2007 report showed losses halved at £3 million and it had previously reported raising £1.87 million at 6.25p in a prior issue.

The mobile communications specialist latest shares placement was at 7p through broker Seymour Pierce – cash which is earmarked to expand its sales and marketing operations in emerging markets that lack elaborate existing communications networks. Markets where attaching email capability to simple mobile phones could be big business. Operative word here is ‘could’.

Founder and chief executive officer Carsten Brinkschulte argues Synchronica’s Mobile Gateway 3.5 ‘push’ email and synchronisation software is ‘geared to the specific requirements of emerging markets and can deliver email to more than three billion phones worldwide’.

Brinkschulte contributed £20,000 to the latest placing. He has been trying to steer Synchronica back to health since it lost its way within ill-starred mobile services venture DAT Group.

August 2007 saw some positive news when Synchronica won a potentially lucrative contract with Sun Microsystems whilst more recently the company agreed an international marketing JV with Miami-based Brightstar, a leading distributor to mobile systems.

Originally floated at 130p back in 2004, the shares had topped out at 530p before collapsing all the way to 6.88p by June 2007. Mid-market today they were trading at 7.5p.  

Recommendation: Very Speculative