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HP's Haughty
Protectionism fails
Judge rules lawsuit to go
ahead for faulty printers
Lawsuits against HP Inc's persistent protectionist actions are piling up. In another significant legal setback, a class action lawsuit targeting the company’s “all-in-one” printers has successfully overcome a motion by HP to dismiss.
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3 D P r i n t i n g
sinking s l o w l y
Will 3DS/Stratasys survival
depend on merger plan?
3D printing leaders Stratasys (MakerBot) & 3D Systems recovered from pre Covid norm, but losses continued in Q2'23. The 3D market bubble has truly burst, yet management is in denial, with optimism rife in spite of reality. Meanwhile, both are consolidating acquistions to deflect from organic decline with continued losses; and considering a joint merger
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Amazon business
supplies rebound!
Svcs inc Prime subs/3Pty
sellers stronger. Int'l steady
Amazon's amazing sales growth accelerated in Q2'23, 'normalizing' to 2019 growth rates with WFH direct business supplies demand rebounding e.g. hygiene, foodservice, OP and packaging. The Everything Store' is consumers' & business' 'first call' broadline supplier and regained market share in product and services sales. Analysis updated
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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 a sales & profits decline in Q3'23 in concert with slower tech demand following the Covid highs. CEO Tim Cook was pleased about continued growth in Services now running at $80Bn+ annually. Updated
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One Wesco wired
up by acquisition
CEO's plan: build, connect,
power & protect the world
WESCO the enlarged $22Bn (inc.Anixter) #1 US provider of electrical, security and MRO supplies, reported increased sales in Q2'23, boosted by price increases and acquisitions. CEO John Engel reported on strong strategic progress in portfolio expansion...
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Arrow Electronics
miss growth target
IT Components & Compute
slow. Market "normalizing"
Arrow Electronics, the $35Bn in sales global provider of IT products and services reported slowing demand in a tough semi-conductor market. New ceo Sean Kerins commented “We were encouraged by inventory reduction, pricing stability and growth in design-related activity.”
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Insight implodes
in weak IT market
Weaker global demand for
IT products. Services slow
Insight Group ceo Joyce Mullen reported declining organic sales in Q2'23. The group lags leading IT resellers e.g. CDW, Computacenter, Softcat & Synnex all of whom are depressed from soft demand. There are encouraging signs of services growth as it plays catch up.
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Shopify still strong
with entrepreneurs
Growth maintained. Costly
logistics division sold off
Shopify, the specialist MCommerce platform for business supply entrepreneurs grew less rapidly in Q2'23 with 1M+ independent partners. It invested heavily in logistics services but in June sold the operation at a huge loss. Can ceo Tobi Lutke match Amazon's delivery prowess?
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Conduent ship
sinking deeper
Govt business losses but
new contracts optimism?
Conduent, the ex-Affiliated Computer Services company, now 6 years split from Xerox, declined further again in Q2'23. The CEO appointed by Chainsaw Carl Icahnis under pressure as sales have sunk by -40% from $6Bn since it was launched in Jan'17...
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CDW: Computer
Demand Weaker
Corporate, SMB & UK
sales down. Public OK
CDW the leading international provider of IT solutions to business, government, education and healthcare, confirmed the weak IT demand in its Q2'23 report. CEO Chris Leahy sees brighter prospects in the small business market for its IT services in the second half
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