The Lowell, Mass-based firm said that continued "slower growth" in its business and the strong dollar will contribute to the lower fourth-quarter and full-year results for its fiscal year ending June 30.
John F.
shares of Wang Laboratories' class B stock in January and February, when the stock's price on the American Stock Exchange hovered around $25 a share.
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Despite a recent pledge to "vigorously" contest a patent infringement suit filed against it by Wang
The firm said it hopes to reduce its worldwide work force to 30,000 by the end of August to operate more efficiently "in today's fiercely competitive but still sluggish computer market."
Wang Laboratories, the office-computer maker, reported a $30-million quarterly loss that it blamed
Moorhead Kennedy, one of 52 Americans imprisoned in the U.S.
at least $3.6 million and possibly more than $300 million, with computer giant Wang Laboratories.
Wang Laboratories said it earned $5.9 million in the third quarter, surpassing its goal for the
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