Browsing: IDC

On 18 July, Microsoft announced yearly profits of nearly US$22bn. Its shares immediately plunged by more than 11% and have yet to recover. What has made investors so nervous? Part of the problem is around expectations. Investment analysts had been expecting an additional $1,35bn in profit

Puleng Kwele, who was appointed as CEO of Broadband Infraco in 2012, believes the state-owned wholesale fibre-optic infrastructure provider, whose clients include Neotel, MTN and Cell C, is poised to turn around its fortunes in the financial year ended March 2014

Worldwide PC shipments will fall by 7,8% in 2013, according to revised research by International Data Corp (IDC). The company had previously forecast a “limited decline” of 1,3% this year, followed by a gradual increase in volume. The new forecast reflects a shift in PC buying

Perhaps best known for its foray into ­pornography, TopTV’s anti-climax in the world of broadcasting has resulted in a little-known fact: South Africa has suffered a loss of almost R1,2bn because of this venture, which critics say it should not have flirted with in the first place. Three arms

China’s digital pay-television company StarTimes walked away the winner on Tuesday in the TopTV takeover saga, although at least one of the losing consortiums is considering challenging the legality of the deal. Government will be the biggest loser with losses over R1bn. The meeting

The shareholders and creditors of troubled pay-television operator On Digital Media (ODM), which owns TopTV, have approved a business rescue plan that involves an offer by China’s StarTimes to purchase a direct 20% stake. The required majority of creditors

TopTV parent On Digital Media is turning to China in an effort to stave off business failure. The proposed deal will result in China’s StarTimes taking a 20% stake in the business, the maximum foreign shareholding allowed for South African broadcasters. The troubled operator

Musa Phungula, the man behind a new subsea cable that will link similar systems landing at Mtunzini in KwaZulu-Natal and Yzerfontein north of Cape Town, plans to build two huge, 6000sq m data centres to house servers for international content companies and local telecommunications operators

Over the weekend, the Sunday Independent reported that President Jacob Zuma plans to axe communications minister Dina Pule, after it was discovered that her alleged boyfriend, Phosane Mngqibisa, benefited improperly from the ICT Indaba in Cape Town

Microsoft CEO Steve Ballmer has a great deal riding on Windows 8. Since he took the helm 13 years ago from his friend Bill Gates, the company’s share price has gone nowhere. The software giant is far from sinking, but it’s slowly taking on water. Windows 8 will be a key product in plugging the hole. But