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Path: utzoo!linus!security!genrad!decvax!yale-com!leichter
From: leichter@yale-com.UUCP (Jerry Leichter)
Newsgroups: net.rumor
Subject: Re: New VAXen
Message-ID: <2234@yale-com.UUCP>
Date: Mon, 24-Oct-83 16:47:40 EDT
Article-I.D.: yale-com.2234
Posted: Mon Oct 24 16:47:40 1983
Date-Received: Tue, 25-Oct-83 04:14:06 EDT
References: utah-gr.942
Lines: 17

Spencer asks whether you want to do business with DEC because its stock dropped
21 dollars a share.  The stock market and reality are weakly connected.  DEC
actually made money last quarter - about $.25 a share; it's just that the
various gurus of the stock market have had visions of a continuing 30% rise
in profits, year in and year out, no matter what the economy does.  DEC is a
still a profitable company, and is in better shape than most of its competitors,
many of whom have been losing money outright.

For another point of view on the problem:  The sharply lower profits were
attributed to two main factors:  Problems with new disks, which made them
unshippable, and "lower than expected" sales of personal computers.  (They
sold "only" 70,000 last year, instead of the planned 100,000.)  Another
factor has been sharply decreased overseas earnings - a result of the world-
wide depression.  With the exception of the problems with the personals, which
one can argue about, these are clearly temporary problems.
							-- Jerry
					decvax!yale-comix!leichter leichter@yale