Artifact Details

Title

Ashton-Tate reports second quarter loss

Catalog Number

102770662

Type

Text

Date

1989-07-25

Publisher

Ashton-Tate Corporation

Identifying Numbers

Other number doc-443294005bba9 Deprecated ITCHP Number

Extent

2 p.

Description

Press 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.

Category

Press release

Collection Title

Information Technology Corporate Histories Collection

Lot Number

X7847.2017