RasterOps Corp. to post big rise in quarterly net

Article Abstract:

Computer peripherals company RasterOps Corp estimated that earnings for its 4th qtr ending Jun 30, 1990, exceeded forecasters' estimates of 7 percent. RasterOps expects to post net income $809,000, or 16 cents a share, on on revenue of $13 million. Formal announcement of the quarterly results is expected Aug 6, 1990. Analysts had predicted a net of 15 cents a share on revenue of $12 million. The company reported a net of 3 cents a share on income of $301,000 and revenue of $7.2 million in the same period in 1989. RasterOps stocks were first publicly offered in May 1990 at $12 a share and closed on Aug 3, 1990, at $16.75 a share in over-the-counter trading. About 85 percent of RasterOps sales come from Macintosh-related products but the company is moving quickly to provide peripherals for IBM, Sun Microsystems Inc and DEC machines.

Computer terminals, Computer peripherals industry, Peripherals, Graphics Terminals, RasterOps Corp., ROPS

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Maxtor to post fiscal 4th-quarter loss of $50 million; Quantum net rose 56%

Article Abstract:

Maxtor Corp expects to report a $50 million loss for the 4th qtr of 1990 ending Mar 31, 1991, while its rival Quantum Corp will post a 56 percent increase in profits for the period. Maxtor, a maker of hard disk drives for the computer industry, states that two-thirds of its losses stem from nonrecurring charges brought about by its recent restructuring. The company reduced its workforce by 10 percent in Jan 1991 and has suffered from a management shakeup. Quantum posted profit of $20 million, or 45 cents a share, which is up from the $12.8 million, or 31 cents a share, the company reported in the same period a year earlier. Quantum's outlook looks more promising then Maxtor's but Quantum officials caution against euphoria citing a softening microcomputer market.

Computers, peripherals & software, Computer storage devices, Quantum Corp., Maxtor Corp., MXTR, Computer storage device industry, Competition, Financial Report, Losses, QNTM

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