1996년 3월 26일 화요일 재생 중

Star Television Venture Is Aimed at China

Date: 26 March 1996

By Bloomberg Business News

Bloomberg News

Star Television Ltd., the Asian satellite broadcaster owned by Rupert Murdoch's News Corporation, has formed a joint venture aimed at breaking into China's restricted cable television market, a Star Television spokesman said today. The Phoenix Satellite Television Company will purchase and produce Mandarin-language programs in China and broadcast them throughout China and Asia, said Douglas Gautier, a company spokesman. Financial terms were not disclosed.

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Ex-Premier Revives Libel Suit in Singapore

Date: 26 March 1996

AP

The Former Prime Minister of Singapore, Lee Kuan Yew, has revived a libel suit against an American educator to seek damages over a 1994 article that Mr. Lee says implied that there is corruption in Singapore. The article, by Christopher Lingle, was printed in October 1994 by the Paris-based International Herald Tribune, which is jointly owned by The New York Times and The Washington Post.

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NEWS SUMMARY

Date: 26 March 1996

International A3-10

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NEWS SUMMARY

Date: 27 March 1996

International A3-13

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News Analysis;For the Tories, a Prime Disaster

Date: 27 March 1996

By John Darnton

John Darnton

The crisis over British beef is turning out to be more than a body blow to an industry worth $6.5 billion. And it's more than a humiliating comedown for Britain's staple foodstuff, celebrated in the novels of Henry Fielding, that symbolized the country's power and supremacy beginning in the 18th century. On a more mundane level, it is turning into a full-fledged political debacle for the Conservative Government of Prime Minister John Major. The Government's handling of the crisis that erupted with the disclosure that there may be a link between mad-cow disease and a fatal human brain disorder has enraged and confused everyone from farmers to consumers and from businessmen to parents, not to mention other governments in the European Union.

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COMPANY NEWS;COMPUTER LEASING FIRM FILES FOR BANKRUPTCY

Date: 26 March 1996

AP

A computer leasing firm that contends it was duped in a bank scam filed for bankruptcy court protection from its creditors yesterday. Nelco Ltd., based in Richmond, was tricked in a scheme by a former employee of the Philip Morris Companies to secure $323 million in loans from at least six banks, the F.B.I. charged last week. Nelco, a privately owned company, said it lost a substantial amount by arranging the leases of computer equipment that the loans were to finance. The banks then called in some of their loans, which forced Nelco to file for bankruptcy protection, said Richard A. Nelson, the chief executive.

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COMPANY NEWS;MEDTRONIC PLANS TO PURCHASE INSTENT FOR $200 MILLION

Date: 26 March 1996

Dow Jones

Dow Jones

Medtronic Inc. said yesterday that it had agreed to acquire Instent Inc., a maker of stents used in medical procedures, for about $200 million. Under the agreement, Medtronic will exchange 0.3833 of a share for each of the 10 million Instent shares, plus options outstanding. The purchase would expand Medtronic's line of stents, which are devices used to hold open passageways in the body that may have closed or become obstructed. Instent is based in Eden Prairie, Minn., and has operations in Tel Aviv. The company had 1995 revenue of about $2.4 million.

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COMPANY NEWS;SOFTWARE SPECTRUM PLANS TO BUY EGGHEAD DIVISION

Date: 26 March 1996

Dow Jones

Dow Jones

Software Spectrum Inc. agreed yesterday to acquire the corporate, government and education division of Egghead Inc. for $45 million. Software Spectrum said the purchase would increase its presence as a reseller of computer software to businesses and organizations. The acquisition would also roughly double the company's annual revenue to $767 million. The sale would allow Egghead, which operates 164 software stores, to focus on its core software retailing business. Egghead said it would retain the division's inventory and receivables, which it said it planned to liquidate.

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COMPANY NEWS;DIGICON AND VERITAS AGREE TO $72 MILLION MERGER

Date: 26 March 1996

Bloomberg Business News

Bloomberg News

Digicon Inc., which acquires seismic data used to search for oil and natural gas, said it agreed yesterday to a stock-swap merger worth about $72 million with a Canadian competitor, Veritas Energy Services Inc. Under the agreement, the acquisition will be structured as a tax-free pooling of interests, in which each Veritas share will be exchanged for 0.80 Digicon share, or about $8.50 worth of Digicon stock.

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COMPANY NEWS;MICROS SHARES PLUMMET FOLLOWING EARNINGS FORECAST

Date: 26 March 1996

Reuters

The stock of Micros Systems Inc. lost more than half of its value yesterday after the company warned of disappointing earnings in the third quarter despite an expected rise in sales. The stock fell $25.75, to $25, in Nasdaq trading. Micros, which makes electronic terminals that perform cash register and data processing functions, said late on Friday that it expected third-quarter profits to lag behind the $2.2 million, or 28 cents a share, it earned in the corresponding period last year. Analysts had expected earnings of 40 cents a share for the quarter this year, according to a First Call survey.

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