Tseng Labs' new video graphics chip sparks sharp disagreement between bulls and bears

Article Abstract:

Tseng Labs Inc's stock is performing at less than 13 times the level it is predicted to achieve by 1993, due in part to widespread decreasing confidence in the semiconductor company's performance. Additionally, development of the company's much-publicized graphics coprocessor, the ET4000/W32, is three months behind schedule. Sales of its ET4000 graphics coprocessor are decreasing, resulting in an expected revenue decrease of $15 million to $19.4 million for 3rd qtr 1992. Sales of the ET4000/W32 will not contribute to overall revenue until 1st qtr 1993. Additionally, market analysts fear that the Tseng chip will be too expensive once it reaches the market. A continuing price war in the microcomputer industry is resulting in computer manufacturers carefully controlling production costs. Tseng may also face competition from Cirrus Logic, which is expected to release an equally powered graphics chip that is combined with other components.

Semiconductors and related devices, Semiconductor industry, Product development, Securities, Revenue, Stock markets, Competition, Stock Market, Product Delay, Product introduction delays, Tseng Labs Inc., Tseng Labs ET4000/W32 (Graphics accelerator/display board)

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Brokerage firms spend lavishly to beef up high-tech trading

Article Abstract:

Stock brokerage firms are finding themselves lagging behind some of their customers in the use of computers for trading and research and are beginning to spend a lot of money on high technology in an effort to catch up. The sentiment on Wall Street that technology does not add to profitability is starting to erode as clients begin to use sophisticated techniques to manage their portfolios. Computer programs can present investors with the best opportunity to swap or hedge on a security. Program-trading, which trades large amounts of stocks, is also encouraging the use of computers.

Security brokers and dealers, Economic aspects, Stockbrokers, Securities industry, Technology application, Information management, Automation, Program trading (Securities), Trends

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Argentina's CEI shuffles management

Article Abstract:

CEI Citicorp Holdings SA is implementing a reshuffling of its top management level as the company attempts to change itself into a more transparent operating firm that can quickly finance its regional expansion. A company spokesperson said that Ricardo Handley is leaving as CEI's chairman. However, Mr. Handley is keeping a seat on the company's board. Mr. Handley will be replaced by Mr. Moneta as chairman.

Comment:

To implement a reshuffling of its top management level

Wired Telecommunications Carriers, Company Planning/Goals, Telephone Communications, Executive changes & profiles, Argentina, Company Personnel, Telephone services, Article, CEI Citicorp Holdings SA

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