Troubled trading software firm EasyScreen has claimed its disappointing quarterly results were impacted by Trading Technologies (TT)'s patent infringement claim against Refco, which incorporates the ISV's joint venture Refco EasySolutions.
EasyScreen was last week awaiting independent financial advice on a total takeover offer by Refco (see FO Week Vol 10 No 11), which valued the firm at £14.8m. Refco currently holds a 9.1% stake in EasyScreen as part of Refco EasySolutions, which reached profitability during the last nine months of 2004 with a gain of £54,373 compared to a 2003 loss of £109,762.
EasyScreen directors have...