Original URL: http://www.channelregister.co.uk/2005/09/02/computerland_uk_trading_update/
Gary Barrett, ComputerLand UK's IT services director, has resigned with immediate effect, the Nottingham-based reseller said today. Barrett, who joined the company from ATOS Origin, lasted just 13 months in the job.
In a separate trading statement today, Computerland UK warned that growing sales and profits from its services business would fail to compensate for a continuing decline in product sales - computer hardware and packaged software licences, in other words.
"As a result, we now expect profits forthe year as a whole to be below market expectations," it said.
In June, founder and chairman Graham Gilbert acclaimed a good set of results (http://www.computerland.co.uk/investors/announcements.aspx?ID=66), against a "background of severe price deflation and margin erosion in our product reselling business". ®
Computerland racks up profits (21 June 2007)
http://www.channelregister.co.uk/2007/06/21/computerland_2007_results/
Computerland hires new exec (4 June 2007)
http://www.channelregister.co.uk/2007/06/04/computerland_keith_wilson/
Computerland pleased with itself (28 April 2006)
http://www.channelregister.co.uk/2006/04/28/computerland_preclose/
It's springtime for Computerland (29 March 2006)
http://www.channelregister.co.uk/2006/03/29/computerland_second_half/
Falling hardware sales hits ComputerLand UK (8 December 2005)
http://www.channelregister.co.uk/2005/12/08/computerland_uk_h1_2006_earnings/
Value added reselling is dead - Morse chief (1 September 2005)
http://www.channelregister.co.uk/2005/09/01/morse_fy2005_earnings/
Morse flogs French business for €1 (and then some) (14 July 2005)
http://www.channelregister.co.uk/2005/07/14/morse_sells_french_sub/
Compel buys Hire IT for £3m (28 June 2005)
http://www.channelregister.co.uk/2005/06/28/compel_buys_hire_it/
© Copyright 2008