Momenta International, leader in field of note-pad computing, is near closing

Article Abstract:

Momenta International Corp lays off most of its remaining employees and company executives say that unless there is a significant infusion of capital, the notebook computer company will either liquidate its assets or file for bankruptcy protection. The company attracted attention in Oct 1991 when it introduced a microcomputer that recognized handwriting, and launched itself as the leader of pen-based input technology. The Momenta pen computers were not a commercial success and were criticized for being too heavy and expensive. Additionally, the company spent large sums on advertising and marketing; internal problems resulted in investors hesitating to provide additional capital.

Management, Layoffs, Bankruptcy, Layoff, Liquidation, Financial Stability, Notebook Computer, Momenta Corp.

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Apple's woes renew worries about price war's bite

Article Abstract:

Apple says earnings for the second half of FY 1993 ending Sep 25 will be lower than earnings for the same period last year. The company's sales are strong, but price wars have narrowed Apple's profit margins. Apple Chmn and CEO John Sculley foresees no relief from pricing pressures. On Wednesday, Jun 9, Apple's stock was down $5.25 a share, or 11 percent, closing at $44.25. The shares have declined by about 20 percent since Friday. Other companies also are suffering. Compaq Computer Corp's stock was down $4.375 a share, or 7.5 percent, closing at $53.75 on Wednesday. Dell Computer Corp's shares were down 75 cents, closing at $20.

Prepackaged software, Computer storage devices, Profits, Apple Inc., Trends, Microcomputer, Outlook, Economics of Computing, Profit, Pricing Policy

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