Troubled trading software firm EasyScreen has claimed its
disappointing quarterly results were impacted by Trading
Technologies (TT)'s patent infringement claim against Refco,
which incorporates the ISV's joint venture Refco
EasyScreen was last week awaiting independent financial
advice on a total takeover offer by Refco (see FO Week
Vol 10 No 11), which valued the firm at £14.8m. Refco
currently holds a 9.1% stake in EasyScreen as part of Refco
EasySolutions, which reached profitability during the last nine
months of 2004 with a gain of £54,373 compared to a 2003
loss of £109,762.
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