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Future Network

November 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Future Network has acquired Computec Media UK from its German parentcompany, Computec Media AG. The total consideration comprises a cash payment of £3.2m and the delivery of up to £1.8m worth of editorial content for use by CMAG in Germany; the cost of supplying the content to CMAG is  minimal. CMUK publishes an unofficialPlayStation magazine (PSW) which has an average ABC monthlycirculation of 53k copies and an unofficial Xbox title (Xbox World)with monthly sales of 25k. In its previous financial year to 30September 2002, CMUK generated turnover of £4.7m. A cheap deal and earnings enhancing. Hold. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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