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.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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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.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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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.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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