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5 Sep 23

Updated: 7 Sep 23

Midwich: mighty 
advance moderates

Steady sales + 5 acqs
boost AV market share

International AV specialist distributor Midwich confirmed record results for FY2022. CEO Stephen Fenby was excited about its growing portfolio in Unified Comms (UC) and visual coms that boosted its tremendous growth beyond £1.2Bn ($1.5Bn). "The AV market is highly resistant to recession fears" he said.

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31 Aug 23

Updated: 1 Sep 23

D e l l  down from
weak PC market 

Infrastructure mkt strong.
'Anywhere' network drive

Dell Technologiesthe $100Bn tech giant, reported a weaker sales and profits performance again in Q2'24. Whilst the consumer PC market slowed down, the infrastucture solutions group made strong headway in servers and networking. Results analysis complete

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30 Aug 23

Updated: 30 Aug 23

Salesforce soars
towards $35Bn

CRM king elevates cloud
despite exec departures 

CRM #1 systems provider Salesforce's ceo Mark Benioff enthused about growth momentum trends in Q2'24. Wall St sentiment has transformed... shares up +60% YTD, with concerns over the executive exodus and activist activity forgotten. The lone wolf leader seems unfazed...

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29 Aug 23

Updated: 30 Aug 23

HPE  H o n e s t

Pace Eventually

Smug ceo delivers from
strong Greenlake platform

Tech relic HP Enterprise ceo Antonio Neri is substantiated some of his much hyped progress in Q3'23. It's starting to drive market share growth. The embryonic Aruba SaaS cloud and Greenlake platforms are becoming real growth catalysts. Can it sustain growth through 2024?

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29 Aug 23

Updated: 30 Aug 23

Haughty HP inks 

PCs/Print plunge

Loses mkt share v Lenovo
Printer+toner volumes sink

Old tech giant, HP Inc's printer & ink sales volume continued to decline double digits in Q3'23, mitigated by inflationary price hikes. PC demand sank losing market share to Dell & Lenovo. Can complacent ceo Enrique Lores really reinvent the fading force whilst resorting to protectionism. Full report analysis here

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29 Aug 23

Updated: 29 Aug 23

Best Buy: bounce
back  b a u l k e d

Focus: sameday service &
tech services development

Best Buy, the $44Bn+ electronics retailer reported declining sales & profits in Q2'24 hit by much slower demand.for computing, appliances and home theatre. CEO Corie Barry is focused on improving user experience and delivery speed to compete with leaders Amazon & Target. Results analysis complete

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21 Aug 23

Updated: 28 Aug 23

Zoom's boom in
vcoms normalizes

Microsoft, Google & Cisco
still chasing cloud upstart

Video collaboration specialist Zoom's ceo Eric Yuan, rapid progress flattened in Q2'24 as the WFH growth slowed but yielded higher profits. The BIG question continued: how can it reinvent itself, to increase its lead or will Microsoft's TEAMS overtake? 

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16 Aug 23

Updated: 28 Aug 23

A v n e t  advance
d e c e l e r a t e s

Tech demand normalizing
boosted by price inflation

Avnet, the slimmed down $26Bn in sales, leader in electronics distribution & services accelerated sales growth in Q4'23 with US to the fore and Farnell its UK arm recovering. CEO Phil Gallagher has made a strong impact, aided by high price increases...

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14 Aug 23

Updated: 14 Aug 23

Xerox asset strip
stays on course

3D systems unit sold off
to focus on core services

Xerox today announced it has sold Elem Additive Solutions unit to a 3D manufacturing specialist. Its liquid metal 3D printer, ElemX, was developed to be a safer and simpler solution, addressing supply chain resiliency for the transportation, aerospace, defense and industrial market.  Now its been cashed in as part of ceo Steve Bandrowczak's ongoing asset stripping program

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14 Aug 23

Updated: 29 Aug 23

FTC pressurizes
Amazon practices

Anticompetitive acts re-
Private label & 3Pty sellers

"Regulator holds ‘last rites’ Amazon talks" headlines TheTimes today. It is expected to meet US top competition FTC officials this week as they consider whether to proceed with a lawsuit against the world’s largest reseller. A spokesman for 'Godzilla fdescribed reports as "speculation"