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February 17, 1987

MEMOREX COMMITTED TO INDEPENDENCE

By CBR Staff Writer

Equally bad timing was shown by the new Memorex Corp, which chose the opening day of Which Computer? to helicopt a party of journalists down to Leeds Castle to introduce the company in its new independent guise: the details of the company’s plans will keep for a day or two, but Memorex definitely intends to float its shares in London – in 18 to 20 months’ time, and prizes its hard-won independence so much that it rejected finance for its buy-out from a major European company that some suggest was Siemens; it has plans to acquire third party maintenance and leasing businesses to power a rapid expansion in Europe.

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