View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 6, 1987


By CBR Staff Writer

The placing of ITL Information Technology Group Plc (CI No 717), is all over bar the aftermarket, and as the placing of 9.5m shares in the Hemel Hempstead, Hertfordshire builder of fault-tolerant minicomputers was heavily oversubscribed, there should be a handsome premium when trading in the shares begins on Wednesday – provided the Japanese don’t suddenly decide that Frankfurt looks better value than London, and America doesn’t decide to default on the budget deficit. The crucial strength of ITL is the fact that it is a survivor – founded in 1966, it spent three whole years in the mid-1970s with annual sales oscillating within UKP100,000 of UKP4m, and profits at best marginal. The dash for growth that lifted ITL – then CTL – out of the trough, came a couple of years later when Tony Davies sold his Membrain creation to Schlumberger and put much of the cash into CTL. It then started to climb towards last year’s UKP2.6m pre-tax on UKP32m.

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.