LDI expects 1st-half results to slide as clients postpone leasing computers

Article Abstract:

LDI Chmn and CEO Robert S. Kendall says that customer uncertainty about leasing big computer systems will depress the firm's results for the first half of FY 1993, ending Jan 31. In particular, companies are unsure about the outlook for the economy, the likelihood of an investment tax credit and the effects of management changes at IBM, which supplies 40 percent of the equipment LDI leases. Kendall says earnings for the quarter ending Apr 30 are apt to fall below the $2 million, or 29 cents per share, registered in 3rd qtr FY 1992. First half earnings will probably not match the $3.8 million, or 57 cents per share, of the same period in 1992. Kendall expects an upturn in results for the second half once Congress passes the investment tax credit. Over the past few years, LDI has diversified into selling personal computers and offering a wide array of computer services.

Equipment rental & leasing, not elsewhere classified, Financial Analysis Software

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LDI Corp. says net should rise in second half; computer leasing concern reports order upturn; more customer inquiries

Article Abstract:

LDI Corp, a computer leasing company, expects increased earnings in the second half of 1991. Chmn and CEO Robert S. Kendall notes that the 4th qtr is usually the best quarter for LDI. Even though business was slow in the first half of the fiscal year, which ended on Jul 31, LDI managed to earn a 2.8 percent profit. Analysts foresee a net of at least $1.60 per share, compared with $1.48 per share last year. LDI puts together customized computer and communications systems, emphasizing services to the customer. Its systems, which often include used or reconditioned equipment, can be comparatively inexpensive. LDI sees itself as 'recession resistant,' and the company's recent performance seems to validate that contention.

Profits, Forecasting, Profit

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Milacron, last big heavy robots maker in U.S., to sell line to Asea Brown unit

Article Abstract:

Cincinnati Milacron Inc has decided to get out of the heavy robotics industry and has agreed to sell its robot business to ABB Robotics Inc, a unit of Asea Brown Boveri AG, for an undisclosed amount. The deal represents the sale of the last US heavy robot company. The robot unit represented less than 10 percent of Milacron's total of $850.6 million revenue for 1989 and the sale should not have any material effect on 1990 revenue. Milacron jumped into the robotics industry in 1977 when it seemed that robots would replace humans in repetitive manufacturing jobs, but the industry has been slow to develop. Milacron stock fell 12.5 cents per share and closed at $12.625 a share on Sep 12, 1990.

General industrial machinery, not elsewhere classified, Mergers, acquisitions and divestments, ABB AG (Mannheim, Germany), Robotics industry, Divestiture, Divestment, Acquisition, Cincinnati Milacron Inc., ABB Robotics Inc., CMZ

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