Kodak asks for help

Last week, the international ICT world was dominated by Kodak filing for voluntary chapter 11 business reorganisation.

At home, Alan Knott-Craig Snr was appointed CEO of Cell C, which was the week's top story.

Alan Knott-Craig Snr was appointed CEO of Cell C.

Paul Booth, MD, Global Research Partners

* Positive trading updates from Datatec and Jasco.
* A mixed trading update from Trustco Group Holdings.
* The appointments of Anamika Budree as SA country manager for Western Digital; and Alan Knott-Craig Snr as CEO of Cell C.
* The resignations of Jeffrey Hedberg, COO of Altech; and Dave Miller, CEO of Incredible Connection.

* Tarek Aboualam was appointed CEO of Telecom Egypt.
* Mohammed Hassanein retired as acting CEO and MD of Telecom Egypt.

* Arrow Electronics bought TechTurn, an electronics asset disposition company.
* BMC Software purchased I/O Concepts, a mainframe security, automation and consolidation solutions company.
* Micron technology acquired Virtensys, a provider of PCI e-sharing solutions.
* Microsemi bought the timing, synchronisation and synthesis business from Maxim Integrated Products.
* SAP purchased datango, a provider of workforce performance support software.
* Symantec acquired LiveOffice, a cloud-based archiving company, for $115 million.
* Eastman Kodak has filed for voluntary chapter 11 business reorganisation.
* Very good quarterly figures from ASML Holding, eBay and HCL Technologies.
* Good quarterly numbers from Check Point Software Technologies, F5 Networks, Tata Consultancy Services and Wipro.
* Satisfactory quarterly results from Google, IBM and Intel.
* Mediocre quarterly results from Amphenol, Fairchild Semiconductor, Flextronics, Linear Technology, Sanmina-SCI, TSMC and Xilinx.
* Mixed quarterly figures from Adtran, with revenue up but profit down; and Microsoft, with revenue up but profit down.
* Quarterly losses from Nanya Technology and Sony Ericsson.
* The appointments of Gilles Bouchard as CEO of LiveScribe; Barmak Meftah as president and CEO of AlienVault; and Alan Monie as CEO of Ingram Micro.
* The resignations of Jim Marggraff, founder and CEO of LiveScribe; Sergei Soldatenkov, CEO of MegaFon, Russia's second largest mobile network; and Jerry Yang, a company founder of Yahoo.

International:
* The disposal by France Telecom of its 35% stake in Orange Austria to Hutchison Whampoa (Hong Kong).

South Africa:
* Further developments regarding Telkom and its memorandum of understanding with Korea Telecom.

* IT budgets will be flat for 2012, but IT organisations must deliver on multiple priorities, according to Gartner's executive programmes' worldwide survey of more than 2 300 CIOs.

* JSE All share index: Up 2.4% (an all-time high closing level)
* Nasdaq: Up 2.8%
* Top SA share movements: AdaptIT (+20.5%), African Cellular Towers (+25%), Ideco (+11.1%), Mix Telematics (+10%), Net 1 UEPS Technologies (+43.1%) and PBT (-10%)

The Gartner survey mentioned above included the top 10 CIO business and technology priorities for 2012. Click here to view.