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- Path: maverick.tad.eds.com!news-admin@tad.eds.com
- From: vitale@dps.cos.eds.com (Antonino Vitale)
- Newsgroups: comp.sys.amiga.misc
- Subject: Re: ESCOM takes a dive
- Date: 3 Jan 1996 13:45:32 GMT
- Organization: Electronic Data Systems, Troy, MI
- Distribution: world
- Message-ID: <4ce19s$eok@maverick.tad.eds.com>
- References: <4ccdha$5pb@orm.southern.co.nz>
- Reply-To: vitale@dps.cos.eds.com
- NNTP-Posting-Host: wagner.troy.bpss.eds.com
-
- In article 5pb@orm.southern.co.nz, kferrand@southern.co.nz (Kerry Ferrand) writes:
- AVV>I was just flipping through TV channels and heard the name Escom
- AVV>mentioned on a CNN International financial show. It mentioned that the
- AVV>value of its stock had dropped 25% after the company announced that it
- AVV>failed to make a profit in 1995. This can't be a positive development re
- AVV>Amiga Tech.
- AVV>
- The question is why did ESCOM fail to make a profit in 1995. Was it
- because of lower sales, or was it because ESCOM took on additional debt
- from the purchase of Commodore? Or was it a change in accounting practices?
- A loss in revenue does not look good, but neither does increasing your
- debt to asset ratio from a purchase like Commodore. 1995 was an expensive
- year for ESCOM. Let's see what happens in 1996.
-
- ---
- ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
- + / Nino Vitale / // +
- +I never met a Vogon I didn't like. \\// Amiga - Realize the possibilities +
- + (vitale@tps.bpss.eds.com) \/ [Commodore's lost opportunity] +
- ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
-
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