Toshiba has revised forecasts for its 1998 fiscal year, which will see the manufacturer making a loss for the first time since 1976. For the year ending 31 March, Toshiba expects to report a net loss of Y20 billion, compared with the Y12 million net profit it predicted in October last year. Turnover has been revised from Y3.5 trillion to Y3.4 trillion and operating profit is predicted to be Y5 billion, compared with an expected Y40 billion.
Capital Group Companies
The Capital Group Companies on behalf of its affiliates, including Capital Guardians Trust Company, has bought further shares in Skillsgroup, taking its holding in the services organisation to four per cent.
Dow Jones takes on internet stocks
US internet stocks will be measured on the Dow Jones Internet Index as the financial information company introduces an index of 40 stocks - which represents 80 per cent of the sector's capitalisation - to measure their performance. Due to be launched on 26 February, the index will consist of two sub-indices for e-commerce and for internet services.
Edinburgh Small Companies Trust has bought more than one million ordinary shares at five pence each in struggling networking distributor Ilion.
The investment company now holds a 4.2 per cent holding.
System Software Associates has blamed a slowdown in the ERP applications market for failing to meet analysts' expectations. For the quarter ended 31 January, SSA reported revenue down nine per cent to $89.7 million, but saw losses increase to $5.4 million.
The figures also included a $7 million restructuring charge.
CRN's Nima Green caught up with Chris Labrey for a quick Q&A at CRN's recent European Channel Leadership Forum
We caught up with the Atea chief exec at CRN's European Channel Leadership Forum in London
Andy Gillett has been appointed GM for the UK and Ireland
UK is one of two countries to see rollout of vendor's newest subscription service