Racal Electronics Plc &lt;RCAL.L> announcedthe formation of a new company &lt;Racal-Guardata Inc.> of Orange
County California, as well as a co-operative marketing
agreement between the new company and &lt;General Electric
Information Services Company> of the U.S.
    Racal said the new company, a part of the Racal-Chubb data
security operation, will sell proven data security devices and
systems into the U.S. Where experts believe computer fraud
could be costing users as much as five billions dlrs a year.
The agreement enables users of GE's worldwide teleprocessing
services to combat fraud against financial institutions.
 REUTER
