Pender's Blog

Blog archive

Ingram Micro Earnings 'Impaired'

No, they didn't try to drive after four vodka martinis (which nobody should ever do -- seriously), but Ingram's fourth quarter earnings ended in a loss due in part to "goodwill impairment." (We didn't know what that was, either, but for the truly intrepid there's an explanation here.) Sales were weak, which didn't help, either.

The news comes as Ingram is warning about a slow Q1 and preparing to lay off 300 workers, or 8 percent of its U.S. workforce. Bad times ahead, in other words, but then that's not unusual these days.

Posted by Lee Pender on 02/19/2009 at 1:22 PM


Featured

  • SameSite Cookie Changes Rolled Back Until Summer

    The Chromium Project announced on Friday that it's delaying enforcement of SameSite cookie changes, and is temporarily rolling back those changes, because of the COVID-19 turmoil.

  • Basic Authentication Extended to 2H 2021 for Exchange Online Users

    Microsoft is now planning to disable Basic Authentication use with its Exchange Online service sometime in the "second half of 2021," according to a Friday announcement.

  • Microsoft Offers Endpoint Configuration Manager Advice for Keeping Remote Clients Patched

    Microsoft this week offered advice for organizations using Microsoft Endpoint Configuration Manager with remote Windows systems that need to get patched, and it also announced Update 2002.

  • Azure Edge Zones Hit Preview

    Azure Edge Zones, a new edge computing technology from Microsoft designed to enable new scenarios for developers and partners, emerged as a preview release this week.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.