Time to declare first ever loss
PrintMohsan talks to The Mail
Posted in Channel, 6th August 2001 11:37 GMT
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Time Computers is to report its first ever loss, after 13 years in business, according to the Mail on Sunday.
The PC maker was caught out by a sales crash in the middle of a huge store expansion programme, Tahir Mohsan, Time's publicity-shy boss, said in a rare interview.
At first, Time was slow to react - "In September, we blamed the fuel crisis. Then we blamed the floods," Mohsan told the paper.
In December, the company recruited Brian Glynn to take the difficult decisions. Since then, Time has been through what the Mail on Sunday describes as a "brutal restructuring".
This included the halting of the TimeTalk chain of mobile shops. "I would never have done that because it was my baby, but that's what we employed Brian for," Mohsan said.
In the interview, Mohsan reveals his irritation with the bitch board set up by former employees attacking Time. "I would not have minded the criticism, even the personal stuff, but it was all in public." ®
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