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22nd August 1998 Archive

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  • Acorn shares "good value"

    And why the company is worth less than its stake in ARM

    Why oh why is Acorn’ s capitalised at £35 million less than the 26.8 per cent stake it holds in ARM, the RISC chip wonder stock, asked bemused shareholder R.S. Grewal of London, in a letter to this week’s Investors Chronicle. "I have looked into all the other factors such as debt," he writes, "but apart from the fact that …

    Business 22 Aug 1998, 15:40

  • Motorola PCB plant torched

    "Disgruntled" employees suspected

    Social control can only go so far. Even in Singapore, the nanny city-state, where spitting chewing gum on to the pavement merits a three-month prison sentence. So what lies in store for the arsonists who attempted to torch a Motorola PCB plant on the day it was sold to WUS Printed Circuits of Taiwan? Motorola, which flogged off …

    Business 22 Aug 1998, 15:43

  • AT&T decision throws Ciena-Tellab merger into doubt

    Ciena shares subject to frenzied sales

    Ciena’s planned $7 billion merger with Tellabs is in danger of unravelling, f ollowing the failure of the telecoms equipment manufacturer to secure a massive contract with AT&T. News sent Ciena stock into a tail-spin, plunging 45 per cent on one day. In a massive vote of no-confidence, Ciena shareholders went in to a selling …

    Business 22 Aug 1998, 15:46

  • Sequoia Software spreads wings into European healthcare market

    Dublin gets BackOffice attention

    Sequoia has set up sales, support, and administration offices in Dublin to support sales of its XML-based BackOffice for Healthcare in the Emea region, and it has appointed Chris McCarthy to run the operation. Sequoia is seeking ISVs that will embed its technology with their own applications. The company’s European drive is …

    Business 22 Aug 1998, 15:48

  • Arrow UK to bring different businesses under same roof

    Moving to other premises

    Arrow UK said that it will unify its different businesses in the UK under the name of Microtronica. It operated under the names of MMD PC, Microtronica and Multichip. That follows a re-branding exercise in its business across Northern Europe, under the same name. A representative for the company said there were no layoffs …

    Business 22 Aug 1998, 17:06