View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 29, 1987

SPECTRUM’s PROFITABLE PHOTOGRAPHIC ARM GOES TO FUND LOSS-MAKING COMPUTER SIDE

By CBR Staff Writer

Struggling personal computer distributor Spectrum Group Plc has decided to sell its profitable photographic distribution business to Parkfield Plc for UKP2.15m, and will use the cash to reduce its borrowings to UKP400,000. The company has very high hopes for the low-cost Bondwell IBM Personalike that it began distributing last September, and plans to concentrate on that business in the future. The company also reported unaudited figures for the year to June, showing a pre-tax loss of UKP1m, down from a loss of UKP2.5m last time, on turnover that crashed to UKP14.4m from UKP40.7m the previous year.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU