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...financial performance in the most recent quarter that ended last week. Analysts had been expecting Digital to post a profit of about $1.06 per share for the second quarter, but that number is now expected to be below 80 cents, before applying the $475 million restructuring charge. TIME's Philip Elmer-DeWitt reports that Digital's woes do not signify a trend in the industry. "Digital's unhealthiness predates any short-term weaknesses in the PC business," Elmer-DeWitt reports. "The rise of smaller, more powerful microcomputers has reduced the demand for minicomputers. Digital has had to reinvent itself...
According Philip W. Bisaga, mechanical maitenance manager for the Office of Physical Resources, about six separate contracting firms have been hired to conduct the restoration. Another half dozen have been hired as consultants, Bisaga says...
...financial performance in the most recent quarter that ended last week. Analysts had been expecting Digital to post a profit of about $1.06 per share for the second quarter, but that number is now expected to be below 80 cents, before applying the $475 million restructuring charge. TIME's Philip Elmer-DeWitt reports that Digital's woes do not signify a trend in the industry. "Digital's unhealthiness predates any short-term weaknesses in the PC business," Elmer-DeWitt reports. "The rise of smaller, more powerful microcomputers has reduced the demand for minicomputers. Digital has had to reinvent itself...
...financial performance in the most recent quarter that ended last week. Analysts had been expecting Digital to post a profit of about $1.06 per share for the second quarter, but that number is now expected to be below 80 cents, before applying the $475 million restructuring charge. TIME's Philip Elmer-DeWitt reports that Digital's woes do not signify a trend in the industry. "Digital's unhealthiness predates any short-term weaknesses in the PC business," Elmer-DeWitt reports. "The rise of smaller, more powerful microcomputers has reduced the demand for minicomputers. Digital has had to reinvent itself...
...that Kellogg's gave last week when the company announced price cuts averaging 19% on two-thirds of its product line (not included: best sellers Rice Krispies and Special K). The move came in the wake of sharp gains by the Post Cereal unit of Kraft Foods, owned by Philip Morris. Post lowered prices on its brands 20% on April 15, and quickly stole nearly 4 points of Kellogg's 35.5% share of this $8 billion market. "This is not a price war," says John McMillin, a leading food-industry analyst at Prudential Securities. "Kellogg's was not going...