A yearly rise in profit at ALR means the first-tier vendor is set to buy another company before the end of the year.
ALR's profit rose 118 per cent year on year to $10.6 million on turnover of $217.9 million, leaving the vendor with $60 million in the bank after a big profit last year. The results echo the adoption of ALR's quad servers by companies such as Data General.
Gene Lu, US chairman of ALR, said that the deals with Unisys and Data General had helped its figures. Chief financial officer Ron Sipkovich said it had $46.6 million in cash at this time last year.
A source at the company said ALR was hunting for a company to buy, but troubled Italian company Olivetti was not in the frame.
The source said: 'There's no doubt in my mind that ALR will buy another company. Shareholders do not like to see this amount of money sitting in the bank and Lu has said privately that another company is in his sights.'
Data General posted a profit of $9.9 million for Q4, ended 28 September, compared with income of $1.5 million for Q4 last year. Turnover climbed seven per cent to $336.2 million. Profit for the year reached $28.1 million on turnover of $1.3 billion.
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