Dixons' court case against the founder of PC World for allegedly misrepresenting financial performance around the time of its sale six years ago has been postponed until 2000.
The PC World chain - the first IT superstore set up in the UK - was sold to Dixons in February 1993 for #8.5 million. But nine months later, Dixons issued a writ to founder Jan Murray, claiming that the sale was breach of contract. The retailer reserved the right to sue PC World, maintaining that it had paid too much for the operation. In the writ, Dixons also claimed damages and interest.
The case was originally due to be heard on 1 March, but has now been put off until next January, according to Dixons' solicitors, Titmuss Sainer & Webb. Part of the purchase price was dependent on accounts from August 1992 to February 1993.
According to Murray, Dixons bought PC World after seeing accounts up until the year ended August 1992. These were understood to show pre-tax profit of #400,000 and sales of #49.3 million.
At the time of the sale, the accounts for the half-year were not ready, so Dixons prepared the accounts.
At the time, Murray was reported as saying that the auditors would not approve of the accounts after they had been prepared by Dixons.
Speaking to the Mail on Sunday before he received the writ, Murray said in his defence: 'Dixons was buying a concept. With the benefit of hindsight, we would not have sold the company for #8.5 million. I would be happy to buy it back now for that sum.'
Vendor's announcements include AI-powered Microsoft Office, a move away from password verification and an alliance with Adobe and SAP
Vendor claims hackers are hijacking machines to mine for cryptocurrency
Nearly half of SMBs are planning to invest in digital workflows to reduce their paper-based processes by 2025, according to Quocirca
The charter has pulled together the biggest names in tech in an unprecedented attempt to address the tech industry's lack of diversity. Tom Wright asks how it plans to do it