Pace Micro Technology: brought to earth

Article Abstract:

Barry Rubery has been pushed out of his post as joint chief executive at Pace Micro Technology, which produces decoders for satellite TVs. The company has issued two profit warnings during the same month, and subscriber growth has not been as rapid as expected. The company argues that differences between Rubery and other board members were related to style rather than performance. Rubery retains a 10% stake in Pace and has made some 50 million pounds sterling from the sale of shares in Pace when it was floated.

Audio Devices NEC, Officials and employees, Pace Micro Technology PLC, Television equipment industry, Audio equipment

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A wind up

Article Abstract:

Amstrad has sold Dancall to Robert Bosch which is paying 92 million pounds sterling. Amstrad will be left with 220 million pounds after the deal and is studly ways to return cash to the company's stockholders. There are still doubts as to the future of Amstrad which is comprised of Viglen, a computer producer, and a stake of 66% in Betacom, a consumer electronics concern. There is speculation that the company's chairman, Alan Sugar, may be seeking to sell Amstrad.

Computers & Auxiliary Equip, Consumer Electronics, Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Computer industry, Telecommunications equipment industry, Telecommunications systems, Amstrad PLC

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Williams/Chubb: the key of the door

Article Abstract:

Williams is a conglomerate which has made a 1.3 billion pounds sterling bid for Chubb, a security group. Williams' shares have fallen and the company has defended its bid. Williams shareholders are not likely to oppose the acquisition, though they may reduce the number of shares held in Williams. Analysts do not see the acquisition as likely to boost earnings a great deal prior to 1999, and they see little overlap between the two companies' activities.

Computerized Security Sys, Hardware Manufacturing, Investigation, Guard, and Armored Car Services, Security systems services, Security Services, Hardware, not elsewhere classified, Door Locks, Security systems industry, Security measures, Security services industry, Williams PLC, Security guards, Chubb Security Plc

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