Optimus, JTT refuse to comment on merger reports

Optimus Technologie (OP) is reported to be planning a merger with JTT Computer, the number three company on the domestic desktop PC market. The negotiations are believed to be at an advanced stage and, according to sources quoted by Puls Biznesu, a deal, if agreed, could be completed by March. However, neither side would comment on the report. According to Puls Biznesu, a merger would be in the interests of both OP and JTT, since it would create the biggest domestic desktop PC producer, with estimated combined annual revenues exceeding zl.900 million. Commenting on the report, IT industry insiders say that consolidation of the sector is inevitable, and that 2002 will see a significant number of mergers and bankruptcies. (Puls Biznesu, p. 5) P.J.