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April 30, 1987

AMSTRAD SHARES UP FOLLOWING SUGAR’S SPEECH TO CITY UNIVERSITY BUSINESS SCHOOL

By CBR Staff Writer

Yesterday’s Financial Times report of a superbly irreverent speech by Alan Sugar to the City University Business School – We don’t want any corporate wimps, Pan Am takes good care of you, Marks & Spencer loves you, Securicor cares, at Amstrad we want your money, I have had a bellyful of Americans… the sales people living in a dream world, asking you to build 50 factories on the basis of their potential customers saying ‘have a nice day’ – was enough to bounce Amstrad Plc’s share price through the 200 pence barrier for the first time since the shares were split; Amstrad closed up 5 at 203 pence.

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