Browsing: Mustek

Technology distributor Mustek has hiked its full-year dividend by 18%, from 17c/share to 20c/share, on the back of a strong improvement in cash from operations. Revenue from continuing operations rose by 16,3% to R4,1bn. Cash from operations rose by 226% to R145,5m due to inventory

The rand has taken a beating in recent weeks, falling through the R10/US$ barrier, meaning consumers can expect to pay more for just about everything in the months ahead, including consumer electronics and other IT products. The view from business is that

A growth in market share in tablets by PC makers, at the expense of Apple, which makes the market-leading iPad tablet, should help boost JSE-listed technology distribution company Mustek’s revenues in future, it says in notes accompanying its interim results, which were published on Thursday

JSE-listed computer assembler and technology distributor Mustek has sold its 41,8% stake in distributor Comztek to another JSE-listed IT company, Datatec, for R39,4m in cash and shares. Comztek’s only other major shareholder, its MD Paul Conradie – who also holds 41,8% of the equity

The rand nose-dived against major foreign currencies on Monday hitting a new three-and-a-half year low of R8,97/US$, before recovering slightly. The slide means gadgets and computers are about to get a lot more expensive, though not necessary

Rand volatility will hit Mustek’s earnings in the financial year ended 30 June 2012, the computer assembler and technology distributor told shareholders on Friday. For the year, Mustek’s headline earnings per share are expected to be between 15% and 25% lower than the headline earnings of 89,39c in the previous year. Basic

The battle for the tablet computer market became much more intense on Monday, with Microsoft breaking with its past approaches and announcing it was developing its own line of tablets, to be called Surface. The company offered a preview of a pair of tablets that it intends manufacturing itself

Johannesburg-based radio station Kaya FM has overhauled its outside broadcasting facilities and moved from physical mixing desks and other large and cumbersome interfaces to virtual ones that run on tablet computers. Its new system runs on Mecer Xpress Windows-based slates from Mustek

Foreign exchange losses are set to depress Mustek’s earnings in the six months to 31 December 2012, despite a more than 20% increase in sales in the period compared to a year ago. The JSE-listed technology distributor expects headline earnings per share to be between 55% and 65% lower than headline earnings of 36,2cc/share a year

The department of education has begun appointing its first accredited suppliers as part of its teacher laptop initiative to get computers into the hands of all of the country’s teachers. On Thursday, JSE-listed computer company Mustek said it had been given the nod