AST Research posts 2nd-quarter loss; it failed to get new lines out on time

Article Abstract:

AST Research Inc reports losing $22.3 million, or 69 cents per share, on revenue of $640.1 million in 2nd qtr FY 1995, ending Dec 31, 1994. In 2nd qtr FY 1994, AST posted net income of $17.9 million, or 54 cents per share, on revenue of $677 million. The dismal report pushes AST stock down $1.125 to $14.625 in heavy Nasdaq trading. Once-prosperous AST has posted losses in two straight quarters. The company has missed shipment dates for new desktops and laptops, forcing it to sell old products at cut-rate prices. Analysts had predicted a poor showing but expect the company to rebound, much like Dell and Compaq have after making their own stumbles. Essentially, analysts say that AST tried to develop too many products and pursue too many distribution channels. AST plans to slash its workforce by 10 percent, shutter a factory in Fountain Valley, CA, and slash product-development times to six to 10 months from 12 to 18 months.

Microcomputers, AST Research Inc., ASTA

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Apple sees $700 million loss after write-downs

Article Abstract:

Apple announces an anticipated loss of approximately $700 million for its fiscal 2nd qtr ending Mar 30, 1996, more than triple the number that many analysts had predicted and a loss of $5.69 per share. More than 50% of Apple's record loss will be devoted to inventory write-downs, while another 25% will be directed at restructuring costs, including the reduction of 1,300 Apple employees. Apple's stock climbed 5.8% on news of the projected loss, an indication that some analysts are encouraged by the company's attempts to reverse its well-documented difficulties. However, other analysts maintain that Apple's declining revenue and market share are unprecedented for the company and may indicate that the company's problems are too entrenched to rectify.

Electronic Computer Manufacturing, Computers & Auxiliary Equip, AAPL, Company sales and earnings, Company losses, Apple Inc.

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Sequent sees 2nd-period loss, plans job cuts

Article Abstract:

Sequent Computer Systems Inc expects its losses in the 2nd qtr 1991, ended Jun 29, to exceed losses in the 1st qtr, which were $7 million. Consequently, the company plans to dismiss seven to nine percent of its 1,700-employee workforce and to cease an unprofitable original equipment manufacturer (OEM) sales operation. Revenue is expected to be $49 million to $51 million, down from $58.2 million in the comparable period in 1990. At that time, the company reported a net income of $5.7 million, or 24 cents a share. When Sequent's 2nd qtr expectations were announced, the company's stock fell $2, closing at $9.75 on Tuesday, Jul 2, 1991.

Computer peripheral equipment, not elsewhere classified, Profits, Layoffs, Layoff, Profit, Stock, OEM, OEMs (Original equipment manufacturers), Losses, Second Quarter, Sequent Computer Systems Inc., SQNT

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