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Vendor News

Intel Beats Expectations in Q1 2020

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Intel Beats Expectations in Q1 2020

Intel reports strong performance for Q1 2020, with revenues reaching $19.8 billion, a 23% Y-o-Y increase-- results the company says demonstrate the technology industry is "more essential now than it has ever been."

Chipzilla profits total $5.7bn, a 43% Y-o-Y increase, while gross margins reach 60.6%. Driving such results is the Datacentre Group (DCG), with revenues growing by 43% Y-o-Y to $7bn. The memory business emerges as a surprise champion, with 46% Y-o-Y growth on $1.3bn in revenues, while ADAS adoption leads to a record quarter for the Mobileye business. The rest of the Intel IoT business does see a -3% Y-o-Y drop in revenue, however.

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Dell Extends $9bn in Financing

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Dell Extends $9bn in Financing

Dell joins the likes of HPE and Cisco with the offer of $9 billion in financing for partners and customers to fund technology needs, together with a Payment Flexibility Program with 0% interest rates and a 108-day payment deferral.

Through the program, customers can get 0% interest rates on purchases of severs, storage and networking hardware, with no up-front payment requirement. In addition, they can defer the first payment on datacentre infrastructure and services for up to 180 days, allowing customers to manage cash flow. Dell also offers short term options for remote work and learning, with 6-12 month terms and refresh options for laptops and desktops.

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Cisco Financing for Customers and Partners

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Cisco Financing for Customers and Partners

Cisco commits to helping customers and partners mitigate the financial challenges brought about by current pandemic with the introduction of a Business Resilience Program offering $2.5 billion in financing.

The Business Resilience Program includes an up-front 90-day payment holiday, and allows customers to defer 95% of the cost of a new product or solution until 2021, protecting business and increasing cash flow. Customers start making monthly payments from January 2021, as based on the total financed amount and the remaining term of the financing. All Cisco solutions are eligible for the program, including hardware, software and services, as well as up to 5% of partner provided services such as installation.

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An Intel Fund to Combat Coronavirus

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An Intel Fund to Combat Coronavirus

Intel pledges $50 million in an initiative to fight the coronavirus (aka Covid-19) through a fund designed to accelerate access to technology at the point of patient care, speeding scientific research and ensuring online learning access for students.

The funds involves an additional fund for requests where access to Intel expertise and resources can have immediate impact, and come in addition to a prior announcement of $10 million in donation to local communities. Around $40 million will fund Response and Readiness and Online Learning initiatives. The Response and readiness initiative provides funding for advances in diagnosis, treatment and vaccine development, while the Online Learning initiative supports education-focused nonprofit organisations and partners provide students without access to technology with devices and online learning resources.

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HPE Offers $2 Billion in Financial Aid

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HPE Offers $2 Billion in Financial Aid

HP Enterprise (HPE) designates over $2 billion in financing to help customers and partners to face the challenges brought about by the coronavirus pandemic, including cash-flow or liquidity issues.

The financial services wing of the company also has a number of initiatives, including a Payment Relief Program to help customers acquire new technology and alleviate some financial strain. The $2n fund, HPE says, will help customers ensure business continuity and adapt to the current environment by addressing new technology financing needs, and convert infrastructure to new sources of capital. In addition, customers can acquire technology by paying just 1% of the total contract value each month for the first 8 months, deferring over 90% of the cost until 2021. From 2021, each monthly payment is approximately around 3.3% of total contract value.

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