Path: utzoo!utgpu!water!watmath!clyde!rutgers!ucla-cs!cit-vax!elroy!mahendo!jplgodo!wlbr!voder!pyramid!hplabs!well!jjacobs
From: jjacobs@well.UUCP (Jeffrey Jacobs)
Newsgroups: comp.lang.lisp
Subject: Troubles
Message-ID: <5233@well.UUCP>
Date: 13 Feb 88 03:30:44 GMT
Reply-To: jjacobs@well.UUCP (Jeffrey Jacobs)
Distribution: comp.ai,comp.lang.lisp
Organization: Whole Earth 'Lectronic Link, Sausalito, CA
Lines: 27


From Computerworld:

"Seeking to stem the tide of continuing financial losses, troubled Symbolics
announced the resignation of its two top officers last week."

Brian Sear resigned as president, COO and member of the board.  Russell
Noftsiker resigned as CEO, but will continue as chairman.  Symbolics
dismissed their chief financial officer last month.

Symbolics lost $15.4 Million on $23.8M in revenues in the second
quarter.  Includes $11.2M for restructuring costs.

Teknowledge said it  will lay of 60 of its 200 (CW incorrectly reported this)
worker as the company ceases
direct-marketing efforts. Teknowledge reported 2nd quarter revenue
of $3.8M and a loss of $6.7M.  Includes $5.8M in restructuring costs.


 Jeffrey M. Jacobs
 CONSART Systems Inc.
 Technical and Managerial Consultants
 P.O. Box 3016, Manhattan Beach, CA 90266
 (213)376-3802
 CIS:75076,2603
 BIX:jeffjacobs
 USENET: jjacobs@well.UUCP