downturn
RSS downturnAction Computer Supplies scraps Insight merger
News Despite healthy first quarter sales, Action's margins have eroded and the sales downturn is expected as the millennium approaches and customers concentrate on Y2K problems. British reseller, Action Computer Supplies... [18 Oct 1999]
DRAM market bouncing back
News The memory chip market looks set to come out of its three year downturn as prices see a sharp hike, but this could spell bad news for PC manufacturers. The market rate for standard Dynamic Random Access Memory (DRAM)... [09 Sep 1999]
Poor gene sequencer sales blamed for Nycomed downturn
News Nycomed Amersham CEO, Bill Castell, blamed the poor sales of the company's MegaBACE gene sequencing system for a disappointing slide in half-year profits. The company made pre-tax profits of £91.3m while underlying profits fell 5.7 per... [11 Aug 1999]
Baan set to clinch $75m credit facility
News Baan, the troubled enterprise resource planning (ERP) software company, has said it is close to securing a $75m credit facility, intended to see it through the current downturn in the ERP market. Quoted in the Wall... [28 Jun 1999]
Intel to offer wafer-thin chips
News Equipment suppliers, after a disastrous cyclical downturn in the industry, will now cash in as Intel spends around a billion dollars to buy and install 300mm technology. Intel has pledged to switch to manufacturing... [10 Jun 1999]
Eckhard Pfeiffer resigns
News He added that IBM and Hewlett-Packard had posted less than great results and he predicted Dell would suffer a similar downturn. Eckhard Pfeiffer has resigned as chief executive of Compaq after eight years in the top job. [19 Apr 1999]
Compaq executive blames profit warning on Y2K and Pentium III
News While sales in Japan and China have also taken a downturn which Meerkatz blamed on the "high volume at low prices" buying strategy of corporates. Jerry Meerkatz, vice president and general manager at Compaq's PC... [13 Apr 1999]
NEC invests £35m in Scottish jobs
News The chip industry's recent downturn has caused concern in the Scottish borders region. Semiconductor company, NEC, has announced a £35m investment in its West Lothian plant in Scotland, safeguarding 200 jobs. [12 Apr 1999]
Lorien chief takes the rap
News The company also complained it was suffering indirectly from the recent downturn in the UK financial services sector. Troubled UK IT consultancy and contractor, Lorien, has demoted its chairman and chief executive,... [05 Nov 1998]
National Semiconductor cuts 700 Scottish jobs
News The company is blaming the continued downturn in the chip market for the losses. US chip giant, National Semiconductor, is to cut 700 jobs at its plant in Greenock, Scotland. [05 Oct 1998]
Zeneca blames millennium bug for fall in profits
News Pharmeceuticals and agrochemicals group, Zeneca, has partly blamed the cost of its millennium compliance programme for a downturn in profits. The company reported half-yearly profits down two per cent on the same period... [07 Aug 1998]
NatSemi sends staff home for 10 days
News Joe D'Elia, associate director of the semiconductor group at Dataquest, said: "This is standard practice in the US when the semiconductor market sees a downturn. National Semiconductor's 13,000 staff worldwide have been... [31 Jul 1998]
In brief: BMW creates over 2,000 jobs
News German car maker, BMW, has promised to create 2,100 jobs in its domestic market, the highest amount since the downturn in the motor industry in 1992. Record orders this year meant the company was able to announce a... [24 Jul 1998]
Seagate chief is shown the door
News Seagate has dumped one of its founding board members and CEO, Alan Shugart, as it continues to struggle against the downturn in its fiscal fortunes. Shugart will be replaced with the current president and chief operating... [22 Jul 1998]
In brief: SAP surprises with healthy results
News German software company SAP has posted a 61 per cent rise in sales for its first quarter, despite earlier warnings of a downturn in fortunes. The company also posted pre-tax profits of $460m - a rise of 43 per cent over... [20 Jul 1998]
