Computerland's representatives deny restructuring plans after price drops

After Computerland's (CL) defeat in its bid for the implementation of the Raport computer system for the police, the company's share price fell 7%. Yesterday the price fell another 2% after rumors of sector consolidation with main competitors. According to analysts, recent unlucky operations, the Warsaw based system integrator might be in a need to restructure itself. Company representatives, however deny such plans. "There is no such need. We are losing in the public sector, but we make up for it in the commercial sector. We recorded four times higher turnover in the industrial sector in Q4 than we have in Q1," says Tomasz Sielicki, CL President. The company lost significant contracts this year, such as the implementation of systems in PKO BP and PZU, but managed to sign several smaller deals. CL in a con sortium with Hewlett Packard is currently implementing a computerized system in Lukas Bank and will implement a finance and accounting system in co operation with Schlumberger Sema in TPSA. (Puls Biznesu, p. 8) A.K