Reading between the lines
In a nutshell, ..... we're snookered and struggling and bankrupt in novel ideas? New blood needed.
'Difficult not to be pessimistic' says veteran IT distie
Northamber admitted it is “difficult to be other than somewhat pessimistic in the near term” as it issued an interim management statement today. In the update for its third quarter ending March 31, the veteran distributor confirmed an earlier “slight improvement in trading”. But, it continued, gross margins continued to be …
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Monday 19th May 2008 11:01 GMT Zap
They are right
With 11m in cash they are not snookered at all and in the current climate there are being realistic saying that the outlook is pessimistic. There is no point in doing anything "novel" as you can't make people buy when they themselves are riding out he storm. They might increase their product portfolio but that will dilute their existing resources and with staff cut backs they would not do the new products justice. You can be sure they will be looking to reduce stock levels and shift old kit on specials before it get written down.
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Biting the hand that feeds IT
