View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 19, 1995

BULL REPEATS ITS TARGET OF $20,000M SALES BY 2000

By CBR Staff Writer

Compagnie des Machines Bull SA wants another European partner to take a 17% stake during the the second stage of its privatisation, chairman Jean-Marie Descarpentries said, announcing first half losses sharply reduced. Its 17% shareholders are NEC Corp, Motorola Inc and France Telecom, which likes to present the fiction that it is something more than an agency of the French state. The hard part will be finding a European company with the necessary means and interest: Siemens AG has the one, but likely not the other. The company is aiming for sales of $20,000m by the year 2,000 with a profit margin of 4%, Descarpentries said, but the former figure looks hugely over-ambitious and unrealistic without an enormous acquisition. The first half loss was equivalent to $25m, down from $366m a year ago. Turnover fell 10% to $2,480m.

Topics in this article :
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 New Statesman Media Group 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.
THANK YOU