Digital loss for quarter: $871 million

Article Abstract:

Digital Equipment Corp (DEC) reports a loss of $871.3 million in the final qtr of 1991. The loss, which included a $1.1 billion charge on earnings, can be compared to the loss of $256.7 million, that included a $400 million restructuring charge in the same period in 1990. Revenues were up 17 percent, to $3.94 billion, from $3.37 billion. Stephen Smith, an analyst with Paine Webber, is optimistic about DEC's moves to control costs. Data General Corp reports a profit of $35.6 million, or $1.05 a share, for the 3rd qtr of 1991. This compares with a loss of $21.4 million in the same period in 1990. Barry Bosak, an analyst with Smith Barney, Harris Upham, praises the company's product lines and its attempts to control costs. Wang Laboratories Inc lost $314.5 million in the final qtr of 1991, but Wang's prospects are improved because of an alliance with IBM. Wang's loss included a $234.6 million special charge covering cost-cutting moves that have to do with Wang's alliance with IBM.

Wang Laboratories Inc., Data General, DGN, WANC

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Digital, expecting a loss, ends up reporting a profit

Article Abstract:

Digital Equipment Corp (DEC) expecting to show a quarterly loss for the first time in its history, instead reports profits of $24.9 million, or 20 cents a share, for the fiscal 1990 3rd qtr, after a $150 charge. Profits were down by 90.2 percent in the period ended Mar 31, 1990, from $256.4 million, or $2.05 a share, a year earlier. That DEC remained profitable drove its share prices up $2.125 a share, to $82.125. DEC's revenues rose by 4 percent, to $2.07 billion, from $1.99 billion in the same period a year earlier. Unisys Corp reports a 1st qtr loss of $3.2 million, considerably less than the $78.7 million loss reported last year. Revenues increased by 4.5 percent, to $2.3 billion, from $2.2 billion.

Unisys Corp., UIS, Manufacturers, Computer Industry, First Quarter

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Digital forecasts quarterly operating loss

Article Abstract:

Digital Equipment Corp (DEC) says it expects a loss for 2nd qtr 1992 ending Dec 28, 1991. The company cites reduced demand for its larger computer systems, the overall slowed economic situation and competition from other computer companies as reasons. DEC itself does not say how much the loss will be, but industry observers believe the company will lose $18- to $75 million. It will be the company's first quarterly loss that is not due to a restructuring charge. When the news was released, DEC's stock dropped $4.75, closing at $51.75 on Dec 18.

Second Quarter

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