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July 27, 1988

NBI “IS NOT FOR SALE” – NEW CHIEF STEVE JERRITTS

By CBR Staff Writer

Steve Jerritts has stormed into NBI Inc to take up his appointment as president and chief executive, and immediately quashed any suggestion that the company might still be for sale (CI No 979). I didn’t come here to preside over the break-up or dissolution of the company: I believe a turnround is possible. The Boulder, Colorado office systems firm has reported 10 straight quarters of losses and reported a loss of $38.7m after charges and write-offs, on sales of $105.4m, for the nine months to end-March.

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