TitleAshton-Tate reports second quarter loss
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DescriptionPress release reporting a net loss of $19.8 million ($.75 per share) for its second quarter ended June 30, 1989 on net revenues of $59.5 million. For the quarter ended
July 31, 1988 the company reported net income of $11.5 million ($.44 per share) on net revenues of $71.9 million. The company also announced the resignation of Luther J. Nussbaum, president and chief operating officer. The net loss for .the second quarter was primarily attributable to reduced revenues and a write-off of approximately $8 million ($.30 per Share) of product rights and inventories, principally related to the Decision Resources product line acquired in 1986. Donated by Ed Esber. 2 scanned pages.