Response to the following problem:
You're fired!' is what some investors might like to tell Amstrad, run by Apprentice star Sir Alan Sugar. . . . Shares in the company fell nearly 10 per cent as it revealed that sales of its much-vaunted videophone have failed to take off. Amstrad launched the E3, a phone allowing users to hold video calls with each other, in a blaze of publicity last year.
But, after cutting the price from £99 to £49, Amstrad sold just 61,000 E3s in the year to June and has taken a £5.7m stock [inventories] write down.