Kerry Packer is XC's heavyweight backer

Article Abstract:

Xavier Computer is a computer services company which is supported by PSI, which in turn is owned by Consolidated Press, itself owned by Kerry Packer and Nicholas Barham. The company is being developed by Allan Harle who aims to set up a broad-based operation with from five to six units and revenues at between 30 million pounds sterling and 50 million pounds. The company's profit is forecast at 600,000 pounds sterling for 1996 to 1997, and 1.1 million pounds for the following year, by Wise Speke.

Xavier Computer

---

Start of the recovery

Article Abstract:

Kalamazoo Computer has retained its independence through a system whereby most shares were held by employees, though under a third of votes is accounted for by the employees' trust. The company also has a new management team and Malcolm Roberts is the new chief executive. The company is likely to undergo a recovery. Losses were largely caused by costs relating to the Elite software for motor dealers, and this project is near completion. The company plans acquisitions to boost revenue.

Kalamazoo Computer Group PLC

---

Millennium blues

Article Abstract:

Spargo Consulting offers services to companies dealing with the year 2000 problem and their computer systems. Spargo reported a flat underlying pre-tax profit for 1996 although the company has many major clients such as National Westminster bank and Ladbroke. The company's operating margins are dropping and staff costs have risen due to the usage of subcontractors. Spargo's profit is forecast at 1.45 million pounds sterling for 1997 and 1.73 million pounds for 1998 by Peel Hunt.

Spargo Consulting

Similar abstracts:

• Abstracts: And here's what they have to offer. Savoy sale closer
• Abstracts: Specialist packages for the advanced user. Specialist interests. Cutting corners
• Abstracts: Packing them in. Thrift on the merry-go-round. Choosing a fund
• Abstracts: Aim firms braced for crackdown. Why the balance of trade matters. Looking back on a remarkable year
• Abstracts: Why gilts have run out of excuses. Gilts market bulls escape the cull. UK gilts: high spirits

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.