September 3, 1996 1:00 PM PDT

Digital crunches its numbers

After posting a sizable fourth-quarter loss last month, Digital Equipment (DEC) is scheduled to give analysts the low-down on its financial situation today at a briefing in New York.

Digital is expected to cast a positive outlook as executives discuss their goal of reaching operating profits of 6 percent to 7 percent of revenues and their vision for the future, according to Reuters news service. Analysts expect Digital to focus on such areas as its Alpha chip used by servers running Microsoft's Windows NT software, plans to spin off its Alta Vista Internet unit and growth in semiconductors.

But the consensus on Wall Street is that Digital is expected to post a first-quarter loss of 3 cents a share, according to First Call, a firm that tracks earnings estimates. Digital reported a $433 milllion loss in the fourth quarter after taking a restructuring charge of $492 million for workforce reductions and plant closurers.

The meeting, which began late this morning, is expected to wrap up by 3 p.m. PT, company officials said.

 

Join the conversation

Add your comment

The posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.

What's Hot

Discussions

Shared

RSS Feeds

Add headlines from CNET News to your homepage or feedreader.