View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 3, 1988


By CBR Staff Writer

What of ICL? Since its acquisition in September 1984, ICL has been the profits cow within STC but the computer business is notoriously cyclical, and even without any particular problems, ICL is about due for a downturn, and there is a fear that this will start to become evident when STC reports its 1987 figures: the most obvious feature of ICL within STC is that it simply doesn’t fit, and that since the coup that ousted Sir Kenneth Corfield, STC has done precisely nothing to make it fit, in particular selling off its own relevant businesses rather than integrate them with ICL to add value to the acquisition: the determination to run ICL in splendid isolation from the rest of STC is as loud a signal as a company can give that ICL is not seen as having a long-term future within STC, and given the regularly leaked promises to ICL top managers that at some stage they will be permitted to attempt a management buyout of the business, this seems the not unlikely eventual outcome.

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.