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April 28, 1987

OFFICE & ELECTRONIC MACHINES BELIEVES NEW PRODUCTS WILL LEAD TO IMPROVEMENT IN FIGURES IN SECOND HALF

By CBR Staff Writer

Office & Electronic Machines blames the strength of the Deutschmark and the general decline in the UK typewriter market in the second half of the year for its poor 1986 figures (see page 5); the company also wrote-off nearly UKP700,000 as a result of the collapse of Future Technology Systems from which OEM bought the Orion microcomputer; chairman William Gardiner’s statement predicts that forthcoming products – an enhanced version of the Screenwriter, and Text PC, a typewriter-cum- personal computer which it developed itself, despite the fact that part-owner Ing C Olivetti SpA has announced a similar machine – will lead to an improvement from the second half of this year.

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