$680.4 million loss for 1989 is reported by Control Data

Article Abstract:

Control Data Corp's FY 1989 loss of $680.4 million on revenues of $2.9 billion should signify the end of the company's five-year restructuring period, which began in 1985. The loss, which includes 4th qtr losses of $196.4 million on revenues of $524 million, is believed to be the largest ever for the computer manufacturer. Components making up a $663.3 million restructuring charge include losses from the sale or discontinuation of business lines and the closing of ETA Systems Inc, Control Data's supercomputer unit. Control Data management believes the company's difficult restructuring has resulted in a more efficient company, albeit a diversified one. Control Data does everything from manufacturing mainframe computers to running state lotteries. Control Data's 1989 financial results were in line with financial analysts' expectations.

Manufacturers, Reorganization, Financial Stability, Losses, Control Data Corp., CDA

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Digital net drops 83%, Apple profits fall 39%

Article Abstract:

Digital Equipment Corp and Apple Computer Inc report lower earnings for the most recent quarter, but the results fall within the expectations of analysts. DEC reports a net income of $26.2 million for its 1st qtr 1991, down 83 percent from the $150.8 million posted for the same period a year ago. DEC's revenues for the quarter remain virtually flat at $3.09 billion. The results are slightly better than some analysts had projected, many of whom felt DEC might post a loss. Apple reports earnings of $98.5 million for its 4th qtr 1990, down 39 percent from $161.1 million for the same period a year ago. Apple had revenues of $1.35 billion compared with $1.38 billion a year ago. Analysts expected the downturn, which Apple attributes to a production slowdown in anticipation of several new product introductions.

AAPL, Digital Equipment Corp., DEC, Apple Inc., Financial Analysis Software

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NCR's profit dips 12%; A.T.&T. gets just 4 seats

Article Abstract:

NCR Corp reports earnings for the 1st qtr of 1991 fell 12 percent due to charges associated with fending off a hostile takeover attempt by AT and T. The net income for the period was on the high side of analysts' expectations and came it at $46 million, or 70 cents a share. Revenue for the 1st qtr of 1991 was a record-setting $1.37 billion, which is an eight percent increase over the $1.27 billion the computer maker made in the same period in 1990. NCR took a $7 million charge for the period for costs associated with fighting AT and T over control of the board; AT and T obtained four seats on NCR's 12-member board of directors.

Telephone communications, exc. radio, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, T, NCR Corp., NCR, American Telephone and Telegraph Co., Takeovers

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