IPC Corp Ltd, Singapore’s largest maker of personal computers, warns that its 1995 net profit is likely to be about 38% below the $59m forecast by analysts because of its international adventures coming unstuck. In the US, it is closing its retail operations and will concentrate on direct sales to large companies; it has already closed its retail chain in Australia. It also said falling prices of memory chips has affected its profitability, devaluing its chip inventories. IPC is expected to produce network servers for interactive television products in the US and says it will invest $5m in a joint venture company to serve the global interactive television market.
