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February 12, 1989

ALPHAMERIC MAY BREAK EVEN FOR THE YEAR TO MARCH

By CBR Staff Writer

Alphameric Plc is the latest high-flyer to in the electronics sector to trample its halo in the mud: the company stunned the market on Friday with a warning that it may do no better than break even for the year to March, causing its shares to plummet 45 pence to hit bottom at 100p; the company points out that its main business is with the financial and the retail sectors, both of which are going through crises of conffidence right now, and are holding back on large projects that are already under way; the crash in the share price leaves Alphameric wide open to a bid, and a marriage with Apricot Computers Plc to create a stronger group still looks like a good option for the company.

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