Feeds

Calluna hits first ever profitable month

So much good news, a rights issue could be on the cards

  • alert
  • submit to reddit

The essential guide to IT transformation

Too early for Calluna's long-suffering shareholders to crack open the champagne, but a jar or two may be in order to celebrated the first ever profitable month recorded by the niche hard drive developer. Scottish-based Calluna blames the operating profit achieved in October on rising sales. It did even better in November, the company says. And following a "successful demonstration" of PC Bodyguard, the brand name for its hardware-based firewall Hardwall at Comdex, the company trumpets its first significant orders for the product. How significant and who's buying, Calluna's not saying. The good news accompanies a huge leap in sales for the half yearlies to 30 September 1998 -- up 268 per cent to £10.8 million (1997: £2.9 million). Pre-tax losses remain at a stubborn £2.7 million (1997: £2.765 million). The company ended the period with £1.3 million in cash. Significantly increased sales of the CT520 Type III disk drive account for the turnover increase. It has a forward order book of 55,000 units for the line. Calluna also looks to have overcome earlier production problems, with the "successful transfer" of production to more cost-effective single disk design. It has scheduled early 1999 for initial manufacturing for its new Type II 5mm (ultra slim) disk drive. And it reports an "enthusiastic" response to engineering samples from potential high volume manufacturers. So much good news and all in one day... is this company softening up the market for a rights issue? ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.