View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 8, 1997updated 05 Sep 2016 12:57pm

DANSK DITCHES LOSS-MAKING EUROMAX AND FOCUSES ON CORE

By CBR Staff Writer

Danish Unix multiprocessor and systems integration firm Dansk Data Electronic A/S has been known to be overly optimistic even when losses were rising (CI No 2,701), but having reported a small profit, and decided to get rid of its loss-making Euromax subsidiary, it believes the optimism is finally justified. The company turned in profits of just $126,000, but this was quite an achievement compared to losses last time of $6.1m, on revenue up 4% at $39.8m. According to managing director Claus Christoffersen, the group’s troubles have really been down to losses from its newspaper pre-press subsidiary Euromax, in which it has decided to discontinue investments. The group has also made a provision of $1.5m to cover termination of the business and therefore the group expects to be back into healthy profits next year. Dansk continues to build its SuperMax Enterprise Scalable Coherent Interconnect multiprocessor Unix servers and last year signed an OEM agreement to take Data General Corp’s ccNUMA-based systems and its CLARiion RAID storage systems. The company has also signed an OEM agreement with Silicon Graphics Inc. Its systems business focuses on vertical market systems, in particular public library systems, in which it is a leader in Denmark and is now exporting worldwide, it said. The systems integration unit provides systems integration for both Unix and Windows NT. Chrisoffersen says these core activities are successful and profitable and, without the Euromax losses, the pre-tax profits for the year would have been $2.3m. Results for next year are expected to show a moderate increase.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

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