View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 26, 1987


By CBR Staff Writer

Extel Group Plc is battening the hatches, jettisoning surplus ballast, and preparing to repel boarders led by Cap’n Bob Maxwell, and one of the major pieces of ballast to go is the Digital Microsystems Ltd networked microcomputer business. Extel has found a willing buyer in the shape of Apricot Computers Plc, which has agreed in principle to pay UKP1m cash on April 1 with another UKP1m on January 1, 1988 for the company, which did UKP283,000 pre-tax on UKP13.2m in the year to March 31. Apricot intends to continue to support the HiNet architecture that networks MS-DOS or CP/M workstations for the present, describing it as part of its systems strategy. It brings Apricot’s user base up to 8,000, and the news was greeted enthusiastically by the market, which marked Apricot shares up to 102 pence yesterday from 82 the day before. The shares soon boiled over and slipped back to 92. Attractions for Apricot include the fact that British Telecom is Digital Microsystems’ biggest customer, OEM and distributor, and has sold international exchange management systems to its siblings in Canada and Zimbabwe. Singapore’s directory inquiries system also runs on a HiNet system. Some 20% of business is overseas, but a large proportion is with the UK public sector, including the Department of Health & Social Security and UK Customs & Excise. It has about 4,000 HiNet systems, 30,000 stations, in worldwide (CI No 577).

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.