Compuserve directors will sell the online service provider if a good offer comes in, its chairman admitted last week.
Emerging from Compuserve?s annual shareholders? meeting, Frank Salizzoni, chairman and acting chief executive of the loss-making company, said: "If there is somebody out there that is interested, then obviously we have to consider strategic alternatives like that."
But company representatives stressed that Compuserve is under no pressure to sell, but wants to consider alternatives for the sake of its shareholders. These alternative have become more urgent since the company's previous president, Robert Massey, resigned last month under pressure from shareholders when Compuserve announced a loss for its third quarter.
Salizzoni said the company is moving towards profit but did not predict when the company will return to the black. Compuserve is expected to report a loss for the year when it reveals its figures in April. Last August, poor results and competition forced Compuserve?s parent, H&R Block, to postpone a plan to spin off the company.
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