SHARES in Amstrad
surged nearly a fifth yesterday after the electronics group headed by Sir Alan Sugar told investors its annual results were set to beat hopes.
said its cash pile was now at a level where it felt it appropriate to return pounds 30 million to shareholders via a special dividend worth 32 pence per share.
Sir Alan famously ran Amstrad
from the back of a van before the company revolutionised home computing in the 1980s.
boss Sir Alan Sugar, a Daily Mirror columnist and the "tyrant" in BBC2's The Apprentice, admitted sales of the pounds 99 E3 videophone had been disappointing since its September launch.
The SVP Alliance is a not-for-profit organization supported by the following companies: ADB, AMD, Amstrad
, Broadcom, BSkyB, Caton Overseas, Cablevision, Conexant, DIRECTV, Humax, LG Electronics, Macrovision, NDS, NEC, Pace Micro Technology, Philips, Samsung Electronics, STMicroelectronics, Texas Instruments, Thomson, Twentieth Century Fox and Widevine(R) Technologies.
sales tumbled from pounds 63 million in the first half of the last financial year to pounds 49.
The E3 videophone, which costs pounds 99, is the third in a series from Amstrad
and follows the E-mailer products.
With the E3, consumers no longer have to buy a PC or a mobile phone to make video calls, send emails with pictures and sound, and surf the net," said Simon Sugar, Amstrad
Tim landed a pounds 100,000-a-year job with Sir Alan's electronics firm Amstrad
admits the colour picture is not up to TV quality but hopes the E3 will take the Christmas market by storm.
SET-TOP box maker Amstrad
is slashing the price of its e-mail product in order to boost sales, the group said yesterday.
ELECTRONICS group Amstrad
have revealed strong demand for BSkyB's digital TV service has helped their profits double.