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Lenovo down large.
Recovery in sight?
Infrastructure & Svcs good
PC market sinks; still leader
Lenovo the international PC & mobile giant reported a big volume drop in Q2'24 but still maintained its lead as #1 PC maker. "The infrastructure and IT Services group progressed and their are positive recovery signs in PC demand" reported ceo Yuanqing Yang
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Microsoft's Copilot
boosts productivity
Ignite 2023 Conference
launches accelerator chips
Microsoft designed AI accelerator chips; holograms to help industrial workers repair equipment; and a studio experience for using data outside its offerings to power the vendor’s Copilot generative artificial intelligence offering, are unveiled at Ignite 2023.
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Exertis exerted in
weak tech market
Supply shortages abate
US performing strongly
International IT-OP distributor Exertis' parent DCC Group released its Half Year 2024 results to 30Sep'23. Chief Tim Griffin reported declining sales in a weaker WFH/hybrid/RTO working market. He commented on strong Energy division and slow IT and Healthcare demand impacting results
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Midwich M&A rolls
up DACH AV distie
Int'l expansion offsets
slow UK volume growth
International AV specialist distributor Midwich confirmed its latest acquisition in the AV market by adding a German distributor. CEO Stephen Fenby was delighted to strengthen its technology offering in the DACH region.
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IT distie market
down, bottoming
IDC reports software
& networking strong
IT market researcher IDC reports that US PC demand continued to decline in Q3'23. The analyst said ithat distributors' software demand was down slightly, but networking infrastruture spending rose strongly. .This chimes with outlooks provided by Microsoft & Cisco but not VAR/distributors Synnex & Compucenter?
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Apple Services
reach record highs
iPhone and Watch sales flat
iPad & Macs demand weak
Apple, the ultimate personal productivity tool designer, reported flat sales in Q4'23 in concert with slower tech demand following the Covid highs. CEO Tim Cook commented on continued growth in Services now running at $80Bn+pa. Report analysis here
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Arrow Electronics
hit by soft IT market
IT Components & Compute
down. Software market shift
Arrow Electronics, the $35Bn in sales global provider of IT products and services reported a serious demand drop in a tough semi-conductor market. New ceo Sean Kerins commented “we executed well amidst a softer IT market,
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Shopify: impressive
sales momentum!
Entrepreneur's Mcommerce
platform drives +30% growth
Shopify the specialist MCommerce platform for business supply entrepreneurs grew rapidly in Q3'23 with 1M+ independent partners. Its unified commerce platform empowers merchants including the new Flexport fulfilment services". Can ceo Tobi Lutke match Amazon's
delivery prowess?
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A v n e t advance
goes into reverse
Strangely CEO blames
steady market conditions
Avnet, the slimmed down $26Bn in sales, leader in electronics distribution & services reversed from its recent growth trend in Q3'23 Farnell its UK arm was flat. Strangely, CEO Phil Gallagher seemed complacent about the disapponting results.
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Conduent ship sinks
deeper and deeper
Benefit/Wallet transfer
causes $300m write down
Conduent the ex-Affiliated Computer Services company, now 6 years split from Xerox, declined deeper in Q3'23. The CEO appointed by Chainsaw Carl Icahn is under pressure as sales have sunk by -40% from $6Bn since it was launched in Jan'17.. Moreover its suffering huge write downs on asset disposals...
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