View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 11, 1988


By CBR Staff Writer

The news that the consistantly profitable Altos Computer Systems Inc has downgraded growth expectations for its third quarter figures to March 29 due to a slowdown in sales (CI No 895), is likely to reinforce fears of a recession in the US computer market. Archie Thomas, Altos vice-president for Northern Europe, admitted that the company had not anticipated the US market remaining as soft. However, he said, European business had remained buoyant, with 60% growth in the UK, and 30% in the rest of Europe. After the market crash there is still a ‘let’s wait and see’ attitude amongst customers. It’s hitting everyone in the minicomputer area, where we now consider ourselves to be. Thomas said that although he anticipated that the year as a whole would be significantly up on last year, Altos would be taking action to hold or cut costs in the short term. But, he added, there is no underlying recession as far as we are concerned.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

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.