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Weekly overview

HP/Compaq controversy continues

Last week saw the Federal Trade Commission clear the proposed HP/Compaq merger, but the controversy surrounding the mega merger continues.

Comparex takes a knock after warning

Comparex has warned that while it still expects to see growth in headline earnings for the year, difficulties in both its African and European divisions will put a damper on its figures.

Advtech numbers suffer while lawyers haggle

Education and IT staffing group Advtech posted disappointing results for a year plagued by law suits, board reshuffling and "untimely, opportunistic offers for control of the group".

Aqua Online reports 69% drop in share earnings

JSE-listed e-services provider Aqua Online has reported a 49.5% drop in earnings before interest, tax, depreciation and amortisation and a 68.8% decline in headline earnings per share for the half-year to end-December 2001.

LG Premium service

LG Premium Service Centre Launch

LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.

Softline restructures stake in SVI

Softline has revised the terms of agreement related to the restructuring of its interest in US-based SVI, which is unable to repay a $12.3 million loan.

Alcatel France to buy local JV

Altech is to sell its stake in Alcatel Altech Telecoms to French company Alcatel in a R300 million deal. Altech says the money can be put to good use while the subsidiary will suffer from lost deals.

Glotec says joint CEO/Chairman position 'temporary`

Global Technology CEO, Ray Leonard will now also be performing the role of Chairman at the company, although Glotec says this is a temporary measure.

TymeBank announces Retail Capital buyout

TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking

DNA earnings one third up and looking strong

DNA Supply Chain Investments has increased its headline earnings by a third for the interim period and says the company is set to continue its growth.

Cyberhost technically insolvent after deal fails

Cyberhost is technically insolvent, after the deal to acquire Ex-Teq Realtime Systems collapsed and the company`s major asset was attached.

Taiwanese agent costs Rectron R9m

Mustek-controlled Rectron boosted profit from operations by 41% in the six months to end-December 2001, although trouble with a Taiwanese agent took a R9 million chunk out of income.

Rectron Holdings

Top business technology headlines 20 - 26 February 2022

A summary of the top business technology stories shared by ITWeb between 20 - 26 February 2022. Visit www.itweb.co.za for more news. #ITWebCloudDatacentresummit2022 #newsvideo #Fraudcases

Mustek grows in tough period

JSE-listed Mustek increased its earnings before interest, tax, depreciation and amortisation 29% under tough conditions in the six months to 31 December 2001.

Cyberhost share suspended

Cyberhost`s share has been suspended on the JSE at the request of the company`s directors. The firm`s year-end results to December were expected this month.

DiData sees light at the end of the tunnel

Dimension Data says its prospects for the second half of its financial year are looking healthier than 2001, although turnover will still be flat for the first six months to March.

Dimension Data South Africa

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