🚀 go-pugleaf

The above is the headline of a story in today's Boston Globe.  It starts off:

Directors reportedly to weigh several bailout measures

Faced with high costs and mounting losses, directors of DEC are to meet 
today, sources say, as management mulls the sale of some assets, a 
restructuring charge and other plans for pulling the company out of its 
drastic financial problems.

While the agenda is unknown and the board is under no pressure to 
announce a new direction immediately, many analysts expect it to consider 
selling various units to cut losses that have totaled $4 billion over the 
past four years.

Since chief executive Robert Palmer told employees on May 4 that 
nonessential businesses could be sold, speculation has been rife that the 
nation's third-largest computer company is entertaining bids for its 
data-storage business, its computer maintenance business and various 
product lines, including relational database software and office 
automation software.

The sale of business units or product lines could bring new focus to 
Digital, which analysts often accuse of lacking a clear identity, and 
would raise cash to pay for layoffs that Palmer had already said could
top 20,000.....


John O'Brien                Tel. 603-880-3005
Storage Computer Corp.      Fax. 603-889-7232
11 Riverside Street
Nashua, NH 03062            European headquarters: Wiesbaden, Germany
United States               Tel. 49 611 30 82 30 6   

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