In Brief: Valeant Pharmaceuticals; Pass-Automotive East; ComputerLand group

According to Valeant spokesperson Balazs Keck, the U.S. drug producer, which was formerly known as ICN Pharmaceuticals, intends to cut the number of its plants as part of its cost reduction strategy. (Puls Biznesu, p. 9) ... German based Pass-Automotive East has purchased a 40% stake of PNP Pass-Stomil and some real-estate from tire producer Stomil Sanok. The value of the stake has been estimated at zł.15.500 million. (Parkiet, p. 5) ... In the fourth quarter of 2003, the ComputerLand group generated zł.196 million in revenue, which is 25% more than in the same period last year. The net profit reached zł.5.9 million as compared to a zł.1.3 million loss generated in the fourth quarter of 2002. (Parkiet, p. 5) A.Z.