Paul Makepeace paulm at
Tue Dec 13 12:14:12 GMT 2011

On Tue, Dec 13, 2011 at 10:41, Jacqui Caren <jacqui.caren at>wrote:

> p.s. There were other reasons - including a much larger lay-off from US
> staff etc.
> but the exchange rate was used as the legal explanation for our
> dissolution.

A company that big should be hedging with currency futures to smooth out
the ride. That crazy period of pound/euro overvaluation only lasted a few
months in any case.


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