Deutsche's Oslo let-off

Article Abstract:

Deutsche Bank holds a stake of some 47% in Sysdeco, a Norwegian software concern, but does not have to bid for the company. Norwegian securities law is that companies with stakes above 45% have to bid for the remainder, but Deutsche Bank's stake was acquired by Peter Young, a rogue trader. Deutsche Bank does not plan to sell its stake in Sysdeco, which has seen a drop in its share price due to concern that a sale was likely. Deutsche Bank could still face fines in Norway and in the UK.

Commercial Banks, Commercial Banking, Banking industry, Investments, Bank investments, Deutsche Bank AG, Sysdeco Group A/S

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Eidos: playing anew game

Article Abstract:

Eidos is a computer software company that is seeking a Nasdaq listing. The company aims to raise 50 million pounds sterling and is asking existing shareholders not to use their pre-emption rights. The company argues that it needs funds to develop new games and dilute exposure to games that fail to sell. There is a danger that the company could use the funds for unwise acquisitions or lose control of its development budget. Shareholders should not vote for this proposal.

Games,Recreation Software Pkgs(Micro), Home software, Eidos Servizi Ambientali Padani S.R.L.

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Software king

Article Abstract:

Royalblue is a software company which plans a stock flotation in the UK in Jun 1997. The company is a specialist in products for customer help desks, corporate call centers and financial trading systems, the last being the biggest division. The company reported a turnover of 11.7 million pounds sterling for 1996 and profits have increased annually at an average of 184% over three years. The company does not have specific plans for the funds raised from its stock issue.

Financial & Acctg Software Pkgs, Royalblue

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