The Register® — Biting the hand that feeds IT

Feeds

Kingston Comms takeover talks end

  • alert
  • print

Shares slide

By Tim Richardson • Get more from this author

Posted in Broadband, 31st March 2006 10:45 GMT

Watch Now : Virtual Machine Movement with Hyper-V

Shares in Kingston Communications were on the slide this morning after it revealed that talks that could have led to the takeover of the Hull-based telco have collapsed.

In a trading update today, the firm announced that the discussions "relating to an unsolicited potential offer for the company (which kicked off last autumn) have ended because the parties failed to agree on price and structure".

At the same time, the firm warned that the performance of its business-focused Affiniti operation was likely to be below par.

While the number of orders has improved, "revenues and earnings will be below expectations for the second half", it said.

By late morning shares in Kingston were down 10.5 per cent (6.9p) at 60.02p. ®

Watch Now : Virtual Machine Movement with Hyper-V

Hands on with Hyper-V 3.0 and virtual machine movement

Our award-winning Regcasts have teamed up with training provider QA for the deepest of deep dives into Hyper-V, including a live demo.

Understand VM movement - just click to play, or go here for a bigger version.