Another big loss expected at Businessland

Article Abstract:

Businessland Inc is expected to report losses of between $6 million and $10 million for the 3rd fiscal qtr ending Mar 31, 1991. Company officials would not comment on the losses, which are expected to be reported on May 15, 1991, but did say that the computer retailer is not in danger of becoming bankrupt. Businessland is attempting to cut its overhead by moving away from expensive retail space to less expensive sites, but it still prices its products higher than competitors. The company does not carry lower-priced models of microcomputers, which have been selling at greater pace than first tier microcomputers. Businessland reported sales of $1.35 billion in the 1989-1990 fiscal year. The company has experienced five consecutive quarterly losses.

Finance, Computer Industry, Vendors, Third Quarter, Financial Stability, Losses

---

Computerland makes offer to buy Businessland chain

Article Abstract:

Computerland Corp, the computer store chain, offers to buy Businessland Inc, but Businessland's board already recommends that its shareholders and bondholders accept an offer from JWP Inc. Computerland offers $1 of Computerland common stock for each Businessland share and 45 cents on the dollar for Businessland's convertible subordinated debentures. JWP offers $1 a share for Businessland's common stock and 35 cents on the dollar for debentures. Businessland prefers JWP's offer because it is a mix of cash and JWP stock which trades publicly. Computerland's stock does not trade publicly.

Mergers, acquisitions and divestments, Chain stores, Computer stores, Distribution channels, CLD, Retail/Reseller Channel, Acquisition, ComputerLand Corp., JWP Inc., JWP

---

Similar abstracts:

• Abstracts: Compaq agrees to invest $185 million in Silicon Graphics; the alliance may tilt the computer industry's balance of power
• Abstracts: A giant killer in Silicon Valley: MIPS is a leader in chip-selling race. part 2 Silicon Graphics to buy MIPS for $406.1 million
• Abstracts: Digital returns to PC wars; Intel and Microsoft are partners; the clone makers are role models
• Abstracts: The failures of AT&T strategies. Videophone: a flop that won't die: Why does American industry keep resurrecting its blunders?
• Abstracts: Wang seeks new strategy for business; company plans to shift to industry standard and imaging market. part 2 Hyundai to move its PC unit to U.S

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.