View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 24, 1987

TANDON’S SHARES RISE FOLLOWING OEM AGREEMENT WITH AMSTRAD

By CBR Staff Writer

We thought that all the details were out about Tandon’s OEM disk drive contract with Amstrad Plc for 3.5 20Mb Winchesters were out in January – a $50m to $60m contract for up to 20,000 a month (CI No 609), but the news is suddenly causing Tandon’s shares to dance for joy in the US – up $0.75 to $6.50 in heavy trading, but up from a lowly $3.50 a week ago – on formal announcement of the deal as $50m of business during 1987 with $30m for delivery in the first half – but the agreement is only in principle.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. 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.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU