Feeds

Dixons court case postponed until year 2000

Founder of PC World facing six year old writ

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Dixons’ court case against the founder of PC World - for allegedly misrepresenting financial performance around the time of its sale six years ago - has been postponed until the year 2000. Some might argue that Dixons got a bargain when it paid £8.5 million for the PC World retail chain back in February 1993. But Jan Murray-Obodynski - for he it was that set up PC World - was issued with a writ by Dixons in November 1993, claiming breach of contract. The case was originally due to be heard on 1 March, but has now been put off to next January, according to Dixons’ solicitors, Titmuss Sainer & Webb. In the writ, Dixons also claimed damages and interest. Part of the purchase price was dependent on accounts from August 1992 to February 1993. According to Murray, Dixons bought PC World after seeing accounts up until the year ending August 1992. These were understood to show £400,000 pre-tax profit on sales of £49.3 million. At the time of the sale, the accounts for the half-year were not ready, so Dixons itself prepared the accounts. Murray told Computergram that the auditors would not approve the accounts after they had been prepared by Dixons. Speaking to the Mail on Sunday before he received the writ, Murray said in his defence: "Dixons was buying a concept. With the benefit of hindsight we would not have sold the company for £8.5 million. I would be happy to buy it back now for that sum." ®

New hybrid storage solutions

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.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
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.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.