News

TechMARK movers: DRS falls on election problems

04 May 2007 16:31:00

Census and ballot counting firm DRS Data was today's worst performer.

The company supplied electronic counting machines used at the elections for the Scottish parliament and local government, where results were delayed by system problems.

"Obviously, in various places, serious technical failures have arisen to delay the announcement of results," the Scottish Office said in a statement. "In the first instance, these failures must be investigated by DRS and relevant returning officers against the timing targets set in the supply contract."

Legacy software firm Micro Focus was up after it said it will beat expectations for the full year to April after a strong end to the final quarter.

The firm said it now expects to report revenue of around $170m for the full year to April and underlying profits of $65m.

"This performance has exceeded our expectations thanks to better than anticipated closure rates of larger value transactions in the final quarter," chief executive Stephen Kelly said in a statement.

FTSE TechMARK - Fallers
DRS Data (DRS) 31.50p -14.86%
iSOFT Group (IOT) 48.50p -3.00%
Filtronic (FTC) 127.50p -2.67%
Vernalis (VER) 64.25p -2.65%
XTL Biopharmaceuticals (XTL) 19.50p -2.50%
IS Solutions (ISL) 21.25p -2.30%
Bede (BED) 6.12p -2.00%
Trafficmaster (TFC) 66.00p -1.86%
Dicom Group (DCM) 223.50p -1.76%
Inion (IIN) 34.00p -1.45%

FTSE TechMARK - Risers
Total Systems (TTS) 44.50p +8.54%
Micro Focus International Plc (MCRO) 280.75p +8.29%
Parity Group (PTY) 88.00p +7.98%
Oxford Biomedica (OXB) 45.25p +6.47%
ServicePower (SVR) 16.75p +6.35%
Phoenix IT Group (PNX) 353.00p +4.44%
Alizyme (AZM) 110.75p +3.26%
Ricardo Group (RCDO) 382.00p +3.24%
Torotrak (TRK) 40.00p +3.23%
Thus Group (THUS) 178.50p +3.18%

All data suppied by Digital Look (15 minute delay)




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