TAKING STOCK

o A generally upbeat statement from Memory Corporation, a 4.2 computer group which repairs defective chips, was not enough to reassure nerves already ravaged by Tadpole Technology's disastrous slide. So Memory shares fell from around 240p to 150p. Some concentrated on a delay while the company is forced to reshape some chips. But Richard Lucas of Henry Cooke Lumsden, the stockbroker, is unruffled. The 10-week delay "may or may not" prompt him to rethink his pounds 3.9m profit forecast for this year and he is sticking with pounds 20m for next year.

o Martin Moir, a veteran of many shareholder revolts, has descended on Ingham, a car parts group that has disappointed its followers. He has built a 3.19 per cent stake. The shares firmed to 42p.