Data General Corp. "dgn" Message Board

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Technology Stocks : Data General Corp. "dgn"

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To: Dan Packer who wrote (169)	1/14/1998 5:00:00 PM
From: Tina McKinley	Read Replies (1) of 354

WESTBORO, Mass.--(BUSINESS WIRE)--Jan. 14, 1998--Data General Corporation announced today that based on preliminary analysis of its results of operations, it expects to report revenues for the first fiscal quarter ended December 27, 1997 in the range of $360 million to $370 million. Based on this level of revenues, earnings per share are anticipated to be positive, but below the low end of current investment analyst expectations. According to Zack's Investment Research, earnings estimates for the quarter just concluded range from $0.10 to $0.28 per share. Softness in CLARiiON disk array revenues and lower than expected product gross margins are the primary reasons for weakness in the quarterly results. This statement regarding estimated results is preliminary and based on partial information. The company expects to announce actual results for the first quarter on January 22, 1998. At that time the company will provide more complete information about the quarter.

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