The managing director of Auckland-based distributor Datamatic, John Forster, has hit out at rumours in New Zealand that his company is about to go into receivership.
"There's absolutely no truth to that rumour. The Datamatic Group (Datamatic's parent company) made a trading profit of $6.3 million for 1997 in New Zealand and Australia. Datamatic New Zealand has $2.9 million in assets," Forster said.
He says Datamatic's largest shareholder, the Singapore-based ACMA company, has $81 million in the bank. Forster says ACMA owns 70 per cent of Datamatic and 30 per cent of fellow distributor, Renaissance.
In February, New Zealand Reseller News reported the Datamatic Group had sold Sydney-based Datamatic Distribution to Computer Hardware of Australia (CHA), and last year, it sold its majority shareholding in the mobile phone company Rocom.
Forster told New Zealand Reseller News earlier this month that Datamatic would be deliberately shedding several agencies. He now says his company has stopped distributing Atto, Umax PCs, Plustex and Canopus products.
Datamatic has recently lost Citrix and Tektronix agencies. But Forster says the company remains keen to hold on to Visio, Fujitsu, AMD processors, Cisco, Syquest, TEAC, D-Link and Dr Solomon.