Looks like STC Plc has done it again – the company has an unhappy record of upsetting its followers by putting out misleading signals, and after pleasantly surprising at the annual meeting by saying that everything in the garden was blossoming and following up with ICL’s new Series 39 SX mainframe, sufficiently better than expected as to be worth a few bob on the share price, the company has now spoilt it all by admitting that it has problems on its UKP200m North Pacific fibre optic cable – some 650 miles of cable will have to be scrapped because it is not strong enough.
