Commenting on the company’s mid-term results, Learmonth & Burchett’s Rainer Burchett blamed the 45% drop in pre-tax profits on Automate Version 4.0 development costs and a collapse in sales at the US end: apparently, distributors Cullinet Software Inc delayed release of an extension of Automate Version 3.0 and allowed sales of the original Version 3.0 product to collapse in the meantime; LBMS is currently negotiating a slightly different arrangement with Cullinet, and plans to strike new distributorship deals with two or three US companies to handle Version 4.0.
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