Digital posts first profit in over a year, citing strength overseas, Alpha sales

Article Abstract:

DEC, for the first time in five quarters, posted a profit during its 2nd qtr ending Dec 31, 1994. The company's net income was up 7 cents a share, to $18.9 million, compared to a loss of 53 cents a share, or net loss of $72.1 million, for the same period a year earlier. Revenue for the company climbed 7% to $3.47 billion from $3.25 billion and sales rose 13% to $1.87 billion. DEC officials are attributing the improved quarterly results on stronger demand for its PC lines and Alpha workstations in Asian and European markets. The company has also implemented cost control measures that have cut the workforce by 25% to 65,600 workers. Despite these gains, Wall Street analysts still remain skeptical about the company's financial footing, citing DEC's past losses which topped the $4 billion mark during the 1990-1994 period.

Electronic Computer Manufacturing, Computers & Auxiliary Equip, Layoffs, Digital Equipment Corp., DEC, Layoff, Cost control, Cost Reduction, Profit Margin, Financial Report

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Wang Labs to post loss for 2nd quarter

Article Abstract:

Wang Laboratories Inc posts a loss for the 2nd qtr ended Dec 31, 1990. The struggling computer maker claims that the results are within analysts' estimates, which ranged between break-even and a loss of 20 cents a share. Wang had a loss of six cents a share, or $10.5 million, in the same period in 1989. The loss represents a setback for the company, which posted a small profit in the previous qtr after six straight quarters of heavy losses. The company is following a debt reduction strategy that it hopes will place it in a position to forge ahead with sales efforts in a few big markets, including banking, insurance and government. Wang is in good financial condition with no bank debt and about $185 million in cash.

Business planning, Financial Stability

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Wang Labs posts $146.6 million loss for third quarter

Article Abstract:

Wang Laboratories Inc reports a loss in the fiscal 3rd qtr, ended Mar 31, 1990, of $146.6 million, or 89 cents a share, reflecting both several one-time charges and weakness in computer sales. A year earlier, Wang reported a loss of $63.7 million, or 39 cents a share. Wang's 3rd qtr revenue is down 19 percent, to $583.1 million, from $721.4 million. On Friday, Apr 27, 1990, Wang's B stock fell 25 cents, to $4.50. Richard Miller, Wang's chairman and president, says the company is 'progressing in its turnaround efforts,' and he hopes for 'operating profitability in the year beginning July 1.' Analysts say a widening sales decline is worrisome.

Profits, Outlook, Third Quarter, Profit, Stock

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