EMC buys Brit Microsoft shop

EMC is buying Conchango, a UK-based Microsoft-shop for £42m ( $84m). That's a little more than '07 revenues (£38m) and 30 times pre-tax profits (£2.8m) for the AIM-listed firm. Conchango's "300 professionals" supply IT consulting services for the likes of Tesco, Virgin Atlantic and SKY. It builds big ecommerce websites too. …

Back to the article

This topic is closed for new posts.

Posted Wednesday 2nd April 2008 09:41 GMT

Anonymous Coward

Grammar #

"Sky" is British Sky Broadcasting - it is not an abbreviation so should not be capitalised.

Posted Wednesday 2nd April 2008 10:35 GMT

Anonymous Coward

@Grandma' - diction #

Abbreviations are not generally capitalised, though acronyms often are.

Never really understand these buyouts, what really do you get for your money?

Possibly, the client base - but that is fickle. The employees are even more fickle.

You might go for their software base - but that is often tied to the employees.

Normally it is done just to reduce the competition and get a better foot hold for your own business.

Posted Wednesday 2nd April 2008 12:33 GMT

TeeCee

Never mind the grammar, the maths? #

If they're paying 42 million quid and the '07 revenue was 38 million quid, how exactly is the one "a little more than two times" the other? I've heard of creative accounting, but even Andersens might think that there was something not quite right about that one..

Is someone comparing apples with pears (or, specifically, dollars with pounds) here?

This topic is closed for new posts.

Forums

Forums home