Geac continues growth plan with Interealty buy
Article Abstract:
Geac Computer Corp. Ltd. of Markham, Ontario, purchased the Vienna, VA-based Interealty Corp. for an undisclosed amount. The acquisition, which is estimated by analysts to have cost around C$50 million, is in line with Geac's strategy of buying underperforming companies and implementing cost-reduction and operating efficiencies in those companies. Interealty is a developer of software products for over 400,000 real estate agents and brokerages in the US. Geac posted net income of C$168.7 million or $2.82 per share in the fiscal year ended Apr. 30, 1998, as revenue was at C$646.6 million, 70-percent higher than C$381.2 million in revenue in the previous year.
Comment:
Purchases Vienna, VA-based Interealty Corp. for an undisclosed amount, US
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Dell CEO explains ATI's lost contract
Article Abstract:
Dell Computer Corp founder and CEO Michael Dell said it pulled out a major contract from ATI Technologies Inc because of production problems, not because of technology glitches. Dell, based in Round Rock, TX, has cancelled a contract to use ATI's graphics chip in its new OptiPlex computers. The contract accounted for around $10 million in revenues every quarter for ATI.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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