Is this a blagger that I see before me?
Thoughts, opinions, interesting snippets and gossip from ZDNet UK's news editor
Tuesday 23 January 2007, 5:19 PM
Buyers line up for iSoft?
After months of turmoil and criticism, UK software developer iSoft may soon be in new hands. The Times is reporting that three different companies are keen to buy iSoft, which has a vital role to play in the multi-billion NHS IT contract.
iSoft's share price plunged over the last year, as doubts emerged over its ability to deliver its Lorenzo application. However, a takeover probablyn wouldn't be the end of its problems, as the Financial Services Authority is still probing its accounting practices.
iSoft's share price plunged over the last year, as doubts emerged over its ability to deliver its Lorenzo application. However, a takeover probablyn wouldn't be the end of its problems, as the Financial Services Authority is still probing its accounting practices.
PreviousComments on this post
The last sentence of this report is completely wrong. The FSA is not investigating iSOFT accounting practices. It is investigating several specific possible irregularities brought to their attention by the company, relating to the financial years ended 30 April 2004 and 2005. These possible irregularities have no impact on the current financial position of the company.
John White
iSOFT plc.
