Stordata Solutions: troubled solutions

Article Abstract:

Stordata Solutions was set up in Oct 1995. The company has dismissed Stephen Sowery from the post of chief executive though he has only worked for seven months of a contract lasting two years. The company has also given a profit warning which led to a drop in Stordata's share price. NatWest Securities has revided a profit forecast of 2.6 million pounds sterling for 1996 down to 1.9 million pounds. Derek Batey has been appointed the new chief executive of Stordata.

Other Communications Equipment Manufacturing, Communications equipment, not elsewhere classified, Intercom, Signal & Alarm Eqp, Telecommunications equipment, Security systems industry, Stordata Solutions

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Company facts: 3M

Article Abstract:

Minnesota Mining and Manufacturing (3M) benefits from AAA rating for its debt and has a wide range of brands and products. The company has been affected by competition, and reorganization has followed disappointing profits growth. The video and audio tape operations are being shut down and the computer imaging and storage operations are being demerged. This will initially lead to a charge but long-term cost savings should result from the reorganization.

Computer peripheral equipment, not elsewhere classified, Other Computer Peripheral Equipment Manufacturing, Image Processing Equip, Magnetic and Optical Recording Media Manufacturing, Electronic components, not elsewhere classified, Video Magnetic Tape, 3M Co., MMM, Consumer goods industry, Image processing equipment, Videotapes

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Plasmon

Article Abstract:

Plasmon should benefit from the growth of the data storage market, and is focusing on the business end of this market, which is more profitable than the consumer end. The company still faces risks and competition.

Plasmon

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