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TechMARK movers: Triad leads fallers

Wed, 12th Aug 2009 14:10
Triad is the biggest faller after the IT firm said its sales pipeline continues to be affected by uncertainty in market conditions caused by the economic crisis.This has continued into the second quarter of the new financial year, impacting the group's operating margins and utilisation levels.The group said it has taken steps to reduce its cost base, in particular property and staff costs.Legacy software specialist Micro Focus has predicted a running twelve-month revenue contribution of $150m from recent acquisitions Compuware and Borland. Combined EBITDA margins will be approximately 15% in the first year of ownership, well below the rest of the group, but with the longer term seeing a move towards the group target of approximately 40%, it added. Trading in the three months to July, the first quarter, was broadly in line with management expectations. 'Management is confident that the first quarter will provide the platform for a solid first half year performance, 'the statement said.FTSE TechMARK - FallersTriad Group (TRD) 41.00p -13.68%Visonic (VSC) 62.50p -10.07%Total Systems (TTS) 26.50p -7.02%Oxford Biomedica (OXB) 10.50p -6.67%Innovation Group (TIG) 11.50p -6.12%Psion (PON) 66.00p -5.71%Oxford Instruments (OXIG) 166.00p -5.68%Renovo Group (RNVO) 25.00p -5.66%Dialight (DIA) 156.00p -4.29%XP Power (XPP) 292.00p -2.67%FTSE TechMARK - RisersMorse (MOR) 31.50p +8.62%AEA Technology (AAT) 30.00p +5.26%Consort Medical (CSRT) 388.75p +5.07%Filtronic (FTC) 34.00p +4.62%Network Technology (NTY) 17.00p +3.03%RM Group (RM.) 170.00p +3.03%Biocompatibles International (BII) 175.00p +2.94%Kofax (KFX) 150.00p +2.74%BATM Advanced (BVC) 41.75p +2.45%Parity Group (PTY) 13.00p +1.96% Triad

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