Sage update fails to convince the markets

UK accountancy software firm Sage has failed to convince the stock markets that all is well despite issuing a statement saying that it expects results for the half year ended 31 March 2008 to be in line with expectations. Sage shares are down three per cent at the time of writing in a market which is down one per cent. It is not …

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Posted Monday 14th April 2008 10:13 GMT

Matt Bryant

Analysts looking for consolidation? #

With the much hyped, self-fulfilling economic downturn stories that the media have been beating us all up with lately, it seems that all the analysts are expecting a spate of acquisitions and mergers. Question is, whom do they think has the cash to afford Sage? The Beast of Redwood City is probably too busy digesting its last snack, and Mickey$haft look set on some Web food, not an accounting package.

Hold on a sec - Sage HQ is in Newcastle! Gordon will nationalise them if they get too desperate so he can keep the World's three working Geordies voting Layboower.

I'll have the wax jacket with the legend "If it's North of Watford it's another country"....

Posted Monday 14th April 2008 13:14 GMT

J-Wick