News


  • Qwest Reports $1.14 Billion Loss

    Qwest Communications International blamed investment losses and WorldCom 's bankruptcy for its $1.14 billion loss in the second quarter and further lowered its financial forecast for the year on Thursday.

  • The New HP: Marching Forward With Government VARs

    Currently sifting through the aftermath of one of the most high-profile,and controversial,mergers in IT history, Palo Alto, Calif.-based Hewlett-Packard is focused on getting the most out of its new synergy when it comes to helping VARs meet the shifting needs of the government customer.

  • Special Charges Lead to Avnet 4Q Loss

    Avnet lost $61.4 million in the fourth quarter ended June 28, or 51 cents per share. The results compare with a $236.1 million loss, or $1.96 per share, in the year-ago quarter. Revenue in the quarter was $2.14 billion, compared with $2.54 billion for the same period last year.

  • Online Licensing Gets Stamp Of Approval

    Roger Rush, president and CEO of Network Source, an SMB solution provider, recently placed 13 online licensing orders costing him more than $200,000 through Tech Data's Licensing Online (LION) configuration and procurement tool. Those same orders executed manually a year ago would have cost Rush 70 percent more.

  • IT Strategies in SMB Preview

    While the small to midsize business sector has suffered along with the faltering economy, there are signs that SMBs may be headed for an upturn in IT spending later this year, according to just-released VARBusiness research.

  • Daisytek Earnings, Revenue Rise In 2Q

    Daisytek International reported Wednesday that it earned $2.2 million, or 12 cents per share, in the first fiscal quarter ended June 30. The results compare with $1.8 million in net income, or 12 cents per share, earned in the year-ago quarter.

  • Cisco Eludes Double Dip, Posts Strong Quarter

    Cisco Systems posted strong fourth-quarter results Tuesday, giving lift to weary investors and beleaguered IT workers everywhere. Whether the goodwill or confidence is yet justified, however, is not yet clear.

  • Chambers Cautious Despite Earnings Report

    Despite reporting fourth-quarter results that beat Wall Street expectations, Cisco Systems President and CEO John Chambers remained cautious Tuesday about the state of the networking business.

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