Feeds

ICL balm soothes Memory Corp Easdaq knockback

Memory for tills

  • alert
  • submit to reddit

Protecting users from Firesheep and other Sidejacking attacks with SSL

Memory Corporation has bounced back from last month's disappointing EASDAQ debut with a £3 million Europe-wide deal to supply memory upgrades for Epos machines built or serviced by ICL. The contract is described as a "breakthrough" deal for Memory Plus, the bespoke assembly subsidiary of Memory Corporation. Scottish-based Memory Corp is gunning sales of $500 million in three years. This target is difficult enough to achieve, following the company's refusal to plunge wholeheartedly into free-for-all memory broking, a market where you can gain massive turnover, so long as you are prepared to within the margin parameters (+3 per cent at best; -2 per cent at worst). Now Memory Corp's war chest for acquisitions and channel development looks decidedly bare, following its embarrassing failure to raise much from its move to Easdaq. Easdaq may have five analysts checking out each listing, compared with one,on average, poring over the ledgers of firms listed on AIM, the UK's junior market. But investors are suspicious of memory vendors, wherever they are listed, judging from the lamentable response to Memory Corp's Easdaq debut last month. On 20 November, the company announced that it raised only £2.325 million, compared with industry expectations of £20 million. Memory Corp intends to spend all the new money on expanding direct and indirect sales channels in Europe and the US, as well as technological developments. It doesn't look like getting too far on either score with that sort of kitty. We suspect another round of investor presentations are in order from CEO David Savage. The company clearly has difficulty getting across the message that it is an intellectual property play (GOOD), as well as a memory distributor (VERY BAD). And its almost back in the black. We think the company is still undervalued -- and some of us w ould even consider taking a punt -- if we could work out what Global Depositary Receipts were, where to get them and how to buy them. The company ceases AIM trading in January next year. ®

Website security in corporate America

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.