View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 23, 1995


By CBR Staff Writer

Shares in Compagnie des Machines Bull SA, which have been suspended since November 23 last year, resumed trading on the Paris Bourse on Friday. The company also reported that its nine-month net attributable loss shrank to the equivalent of $176m from $448m, and reiterated that it expected to break even this year. Turnover in the nine months fell 11% to $3,563m. Bull also said employees and and former employees over-subscribed the shares reserved for them by 1.93 times, and that its board approved a contract between the industrial shareholders and management. Under the terms, management is required to try to meet three objectives by the end of 1997 – sales growth, per share profit gains and a stock price increase – and invest a sum equal to 1% of equity at the 11.04 franc per share offer price set in the first stage of the group’s privatisation. If the objectives are met, NEC and Motorola may sell a corresponding number of shares.

Topics in this article :
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 New Statesman Media Group 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.