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August 17, 1988

PULSE SET TO GROW FAT ON 14″ DISK PACKS

By CBR Staff Writer

Newport, Wales based magnetic media manufacturer Pulse Computers Ltd appears to have survived some sticky times since chairman and managing director Brian Bevan, formerly of Control Data, bought the company two years ago in a management buyout. The team, who received backing from venture capitalists Midland Montague, paid UKP500,000 in cash plus a UKP500,000 investment commitment. Mr Bevan admitted he had been too busy looking after the buyout in the first year to notice that the company had suffered a number of large dents in its customer base. Pulse, which specialises in the manufacture of 14 disk packs, implemented some personnel changes and has recently signed a number of OEM contracts with large three letter computer manufacturers. Output has doubled in the last two years and the company yesterday announced profits of UKP200,000 on a turnover of UKP4m for its second year of operations and is predicting profits of UKP350,000 with turnover rising to UKP5.5m this year. The directors have reinvested profits in a new plant at Newport and installed a 5,000 square foot clean room together with new test equipment. The company, which claims to be the second biggest manufacturer of disk packs in Europe, has the capacity to increase volume threefold and hopes to achieve an annual turnover of UKP10m by the end of the decade. Pulse Services Ltd was recently launched which will specialise in the repair and supply of Winchester drives and other media peripherals. The immediate future looks bright with the announcement of two new contracts totalling UKP1.3m. Mr Bevan said the company had recently received UKP500,000 in backing and a number of joint venture negotiations were at an advanced stage. He also said that it was negotiating a couple of small acquisitions, however plans for a listing have been at least temporarily shelved.

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