JSE-listed technology company Mustek has won a contract to supply R128m worth of signalling and telecommunications equipment developed by China’s Huawei to Zambia Railways. Mustek will supply the equipment to a consortium made up of Huawei International, Bombardier Transportation and Zambian
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A massive fire on Wednesday at a factory in Wuxi, China owned by Korea’s SK Hynix could send flash memory and random-access memory (RAM) prices soaring. Hynix is the world’s second largest memory manufacturer. According to early reports on Chinese technology news websites and blogs, the fire has
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