Xerox Corp. warns of earnings drop on '91 operations

Article Abstract:

Xerox Corp, at a product announcement meeting, warned that if sales of high-end products continue to decline, earnings from continuing operations for 1991 may fall below the previous year's $605 million, or $5.51 per share. For 1990, Xerox reported net income of $243 million, or $1.66 per share, on revenue of $18 million, after posting losses on discontinued operations. Analysts expect the company's earnings to drop to $548 million in 1991. New products unveiled at the meeting include the $46,500 Xerox 5775, the company's first full-color digital copier, which is a long awaited challenge to rival Canon Inc; and the $4,795 Xerox 4213 desktop laser printer, which offers two-sided printing. All products are meant to target the midrange market, but analysts still think they lean toward the high-end.

Office machines, not elsewhere classified, Xerox Corp., XRX, Forecasts and trends, Marketing, Revenue, New Product, Outlook, Stock, Market Entry, Financial Report, Xerox 5775 (Copying equipment), Xerox 4213 (Laser printer)

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General Kinetics expects growth boost form line of secure facsimile machines

Article Abstract:

General Kinetic Inc believes its new line of secure facsimile machines will facilitate growth for the company. The Cryptek machines protect information, safeguard against eavesdropping and prevent sensitive documents from being sent to the wrong machine. The facsimile machines can also correct glitches and produce high-resolution copies of photographs as well as communicate with microcomputers to access files for transmission. The basic machine costs between $6,000 and $7,000 and can be as much as $10,000 with options. The US military is a prime customer but General Kinetic foresees a strong commercial market for its secure facsimile.

Telephone and telegraph apparatus, Management, Product information, Business planning, Fax equipment, Facsimile equipment, Financial Stability, Fax Device, Fax machines, General Kinetics Inc., GKIE

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Tseng Labs says profit forecasts are near target

Article Abstract:

Newton, PA-based Tseng Labs Inc claims analysts' predictions of 1990 earnings of around 40 cents a share are accurate. If the results do prove to be in line with expectations, net income will be approximately $7.3 million compared with net income of $5.1 million for 1989 on $31.1 million in sales. Tseng Labs is a highly focused company that produces enhanced graphics devices for microcomputers. The firm attributes its strong performance to the introduction of its ET4000 video graphics array controllers for color monitors. Tseng also claims to have $7 million in the bank, and no debt at the present time.

Supply and demand, Forecasting, Financial Analysis Software, Tseng Labs Inc., Tseng Labs ET4000 (Graphics coprocessor)

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