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Technology / AI and automation

SUTTER LOOKS FOR ASCOM TO BE PROFITABLE BY 1995

Fred Sutter, chief executive of ravaged Swiss telecommunications equipment group Ascom Holding AG, repeated that he expects Ascom to be profitable by 1995: On the operating level it is highly likely that we will have reached the break even point at the end of 1994 and achieve a profit in 1995, Sutter told HandelsZeitung, emphasising that current plans did not include a merger with another company or it being taken over; I am convinced of Ascom’s ability to survive, Sutter said, adding that Ascom was still planning closer links with other telecommunications companies.

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CBR Staff Writer

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