Amstrad fell 7% after releasing results showing pre-tax profits down 82% to £1.5m, even though they were in line with house broker Beeson Gregory's forecasts. The company is currently going through a change in focus and crucial to its strategy is the new e-m@iler phone, which has apparently been selling well, though at a subsidy. Amstrad is relying on getting advertisers to book space on e-m@iler screens, the idea being that users will be able to click on adverts to establish an immediate phone connection to the company's sales team. Partly as a result of the discount that the phones are selling to, the company's Amserve subsidiary, which is dedicated to the new product (20%-owned by Dixons), lost £4.9m for the year. Meanwhile, the company's traditional business saw a decline in profits (down 34% to £5.4m) and sales (down 32% to £41.4m). Amstrad's full year dividend has been maintained at 0.8p per share to keep investors sweet while the company tries to live up to house broker Beeson Gregory's expectation of a £3.1m gain for the full year and £9.5m pre-tax profits next year.