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January 21, 1987

SEIKO REAFFIRMS ITS COMMITMENT TO RELATIONSHIP WITH AT&E

By CBR Staff Writer

Dirty tricks really do seem to be behind the non-performance of AT&E Corp’s share price, and the latest development is that the San Francisco company and Hattori Seiko Co Ltd of Tokyo have had to deny rumours that Seiko had cancelled its contract with AT&E to supply Receptor watches – using Plessey-made chips – to North American and Asian markets: Seiko strongly denies such rumours and reaffirms its commitment to the relationship with AT&E – Our partnership with AT&E remains steady and strong and Seiko retains great confidence in its long-term relationship with AT&E and the future of the Receptor project, said Hideaki Moriya, executive director of Hattori Seiko.

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