Wang strives to get on feet

Article Abstract:

Wang Laboratories Inc is in the middle of an attempted reorganization that could bring the company back to financial independence, but executives are not talking with financial analysts yet. Wang has been working since 1989 to gain market share and offer competitive new products. While most analysts remain curious about the company, one analyst believes that Richard W. Miller has brought the company out of its losses and that Wang's imaging technology will succeed in the 1990s. Wang's revenues have grown in the last six quarters from $461 million in the 1st qtr FY 1991 to $496 million in the 2nd qtr FY 1992, ending December 30, 1991. Wang is focusing its marketing efforts on selling open systems based on the Unix operating system. Wang is reselling IBM's RS/6000 system under its own name and is implementing the Office 2000 plan that envisions Wang as a manufacturer and consultant for corporate buyers.

Computer integrated systems design, Column, Product development, Corporate reorganizations, Market share, Revenue, Cost control, Strategic Planning, Marketing Strategy, Cost Reduction, Financial Report, Open Systems

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Wang cuts more jobs in major 'reordering.' (Wang Laboratories Inc.) (Company News)

Article Abstract:

Wang Laboratories Inc will lay off an additional 2,000 workers and completely reorganize its structure. The layoffs, which now total 6,000 jobs eliminated, will reduce the computer company's workforce to about 22,000. Wang will also sell off $200 million in assets. Pres Richard M. Miller claims the computer industry is no longer in a booming cycle, and companies need to cut back on expenditures. The severance package for the 1,000 employees will create a $30 million one-time charge in the 2nd qtr. The company will reorganize in hopes of improving its profile in software and other computer applications, and improving customer service. Miller claims that customers do not want new technology; they want new applications for technology.

Planning, Human resource management, Layoffs, Layoff

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The great new drive to rescue Wang's computers; Rick Miller has recharged the firm, but has far to go

Article Abstract:

Wang Laboratories Inc's CEO Richard W. Miller has cut 5,000 employees from 25,600, cut annual expenses by $400 million and has reduced nearly 85 percent of Wang's debt since he took over in Aug 1989. Wang reported a $147 million loss and a 19 percent drop in revenue for the qtr ended Mar 31, 1990 but analysts are giving the company a better than average chance of survival. Wang reported a $424 million loss for the fiscal year 1988 prior to Miller becoming CEO. Miller, who comes from Penn Central Corp, plans on returning to profitability immediately and refocusing the company on new products including image processing. Compatibility will be another issue addressed by the company as it tries to rebound.

Business planning, Image processing, Executive

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