its been a long time since I played with these ....


Alan Sugar returns to City with secret swoop on Pace Micro
Louise Armitstead S Times



SIR ALAN SUGAR, one of Britains best-known entrepreneurs, has been secretly buying up shares in Pace Micro Technology, Europes largest set-top-box maker.
Sugar, who founded Amstrad 35 years ago, could use his stake to launch a takeover of the troubled company. Contacted by The Sunday Times, Sugar would neither confirm nor deny that he has been acquiring shares. An Amstrad spokesman said: Amstrad and Alan Sugar are fully aware of their obligations to make disclosures about share purchases.

Pace is vulnerable, having seen its share price plunge by 98% in three years after a series of profit warnings. It is now valued at 43m. Ten days ago it lost its chief technology officer, Tim Fern, and it is still without a chief executive after the departure of Malcolm Miller.

Demand for set-top boxes has dried up in the wake of the financial turmoil at NTL and Telewest and the collapse of ITV Digital. Pace, which depends on the British market for 78% of its revenue, was forced to post a 15.9m half-year loss to November last year as turnover plummeted by 61% in the same period.

Although most analysts have a gloomy outlook for Pace, Sugar clearly feels that the company is undervalued. Its entry into the American market has been disappointing so far but with operations in France, Spain, Germany and Hong Kong, Pace should be well positioned to take advantage of the global switch from analogue to digital television

Try this http://www.pace.co.uk/newsroom/index.asp