The Channel logo

News

By | Drew Cullen 2nd October 2007 00:12

Phoenix IT ready to get hands dirty with ICM

Stops talking, starts doing

Phoenix IT yesterday said it was time to stop talking about integrating ICM Computer Group and time to start doing it. The board cautioned the "integration may cause some short term disruption", but the logic of the acquisition remains, well, strategic.

Considering that Phoenix only bought ICM, a disaster recovery biz-cum-computer dealer, in June and shelled out nearly £108m - about 1.5 times revenues - for the honour, it is nice to know that the company hasn't had a change of heart.

Yesterday Phoenix also reported it had nothing new to report on the trading front. Before entering its closed period, the company said that trading was in line with expectations for the six months ended 30 September. ®

alert Send corrections

Opinion

Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Chris Mellor

BTIG analysts ponder Pure's position and fall in (qualified) love

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'