IBM, Digital expect losses for full year: most large computer firms had weak 4th quarter; Unisys sees turnaround
Article Abstract:
Most large computer companies did poorly in 4th qtr 1991, as the economic conditions worldwide remained slow. IBM, which will take a $3 billion pretax charge to cover costs associated with downsizing, expects a loss, and Digital Equipment Corp (DEC) will absorb the first loss in its history. Steven Milunovich, with Salomon Brothers, says that IBM probably will record a profit before its special charge of $1.5 billion, or $2.70 a share. Jay P. Stevens, with Dean Witter, foresees an operating profit of $1.469 billion, or $2.57 a share. DEC cites worldwide economic conditions as the reason for its loss. Analysts say DEC will probably lose between $75 million and $125 million in its second fiscal quarter. Unisys expects a profit, which will be the first in two years. Conditions at other computer manufacturers are briefly described. Companies mentioned include Hewlett-Packard Co, Apple Computer Inc, Compaq Computer Corp, Stratus Computer Inc and Sun Microsystems Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Microcom slashes 4th-quarter results, raises projections of 1st-period losses
Article Abstract:
Microcom Inc has slashed its 4th qtr FY 1990, ending Mar 31, 1990, and year-end results and expects to report higher than anticipated losses for 1st qtr 1990. Microcom revised its 4th qtr 1990 results from net income of $3.2 million, or 32 cents a share, to a net income of $1 million, or 11 cents a share. Revenue for that period was revised from $21.8 million to $18.25 million. Microcom expects to report a loss of between 43 and 48 cents a share for the 1st qtr 1990, which ended Jun 30, 1990, on revenue of $10.5 million. The company had previously estimated losses for that period to be between 15 and 20 cents a share on revenue of $14 million. Microcom stock closed at $8.75 a share on Jul 3, 1990. Microcom is a Norwood, MA-based software and data communications equipment manufacturer.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
Microcom says sales, earnings rose in quarter
Article Abstract:
Microcom Inc, a data communications company, will report a rise in net income and sales for the fiscal 4th qtr ending Mar 31, 1990. Sales are estimated to be $20 million to $22 million, compared with $17.8 million in 1989. Net income for the 4th qtr is expected to rise to between $3.16 million, or 32 cents a share, and $3.4 million, or 34 cents per share. In 1989, net was $2.2 million, or 26 cents a share. The company is expected to report net of about $12 million, or $1.21 a share, for the fiscal year on sales of $75 million. Sixty percent of Microcom's revenue in 1990 will be derived from the sale of modems, but only about 40 percent of the profit.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Digital Equipment sets joint venture to market its computers in Hungary. Soviets order Control Data computers amid signs of easing of export curbs
- Abstracts: Sun Microsystems exceeds forecasts on 2nd-period net. Amdahl's profit tumbled 42% in 4th quarter. Sun Microsystems reports a profit for its 4th quarter
- Abstracts: Three giant phone firms plan venture to offer joint service to multinationals. NTT unit to vie with U.S. firms in data communications services
- Abstracts: Digital stubs its toe kicking IBM mainframe. Digital begins to make cuts in work force; buy-out may be offered to up to 8,000; charge seen in fourth quarter
- Abstracts: Microsoft stock falls 7% on fears of analyst about European prices. IBM won't favor Microsoft over Adobe