Share prices expected to continue to fall
They don't come much bigger than DSGi, but the retail giant today looks set to slip outside of the FTSE 100 index.
Blaming overstocking problems with laptops that later failed to sell, the company which owns Dixons, Currys and PC World said in a statement to The Register that its imminent departure from the FTSE 100 was "due to a number of factors including the overstocking of laptops and issues in the Italian segment of its empire".
It had earlier been suggested that lacklustre sales of Microsoft's Windows Vista throughout the year had resulted in poor sales at PC World. When asked if Windows Vista was a significant reason for the companies recent decline in profits, DSGi responded firmly with "absolutely not".
New CEO of DSGi, John Browett, now faces the immediate task of turning profits around and bringing the firm from the FTSE 250 back to the FTSE 100.
DSGi shares suffered a 3% fall and are widely expected to fall further following confirmation of the companies exit from the FTSE 100.
Source: channelregister.co.uk
