Apple shows the bruises

Article Abstract:

Apple Computer could shed as much as 40% of the company's 11,000 employees as part of a restructuring process, according to press reports. The company has not confirmed these reports but agrees that costs have to be cut. Apple's share price has not performed well, and many senior management staff have left the company. A loss was reported for Oct 1996 to Dec 1996 and an expected rise in sales prior to Christmas 1996 did not occur. Sales tend to be low in the early part of the year, so no improvement is expected for the following quarter.

Electronic Computer Manufacturing, Computers & Auxiliary Equip, AAPL, Apple Inc.

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Kalamazoo snuggles up with Ford

Article Abstract:

Kalamazoo Computer supplies management systems for automobile dealers and has acquired Datapoint's European dealers systems division. This acquisition increases Kalamazoo's stake in the European market to 23% and the company holds a stake of some 43% in the UK market. The company has carried out a share placing to help pay for the issue. Borrowings look set to rise to 9 million pounds sterling by year-end 1996. The company's profit is forecast at 7.7 million pounds sterling for 1996 to 1997 by Albert E Sharp.

Motor Vehicle Dealers, Motor Vehicle and Parts Dealers, New and used car dealers, Automotive dealers, Kalamazoo Computer Group PLC

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Logica: systems buzzing

Article Abstract:

Logica develops computer systems and its clients include major companies in fields such as telecommunications and energy. The company has sought to cut costs and this should help boost revenue. Financial companies accounted for 30% of the company's turnover in 1994 to 1995, while telecoms accounted for 14% in this period. The UK accounted for 59% of sales in this period. Logica benefits from a high quality client base, and is seen as dominating the UK financial systems market.

Computer services industry, Information technology services industry, Logica PLC

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