wsj_1039.xml
WSJ891026-0017
WSJ891026-0017
=
891026
=
891026
891026-0017
.
891026-0017
.
Business
Brief
--
Amdahl
Corp.
:
@
Computer
Firm
's
Earnings
@
Fell
37
%
in
Third
Quarter
Business
Brief
--
Amdahl
Corp.
:
@
Computer
Firm
's
Earnings
@
Fell
37
%
in
Third
Quarter
10/26/89
10/26/89
10/26/89
WALL
STREET
JOURNAL
(
J
)
WALL
STREET
JOURNAL
(
J
)
AMH
AMH
EARNINGS
(
ERN
)
COMPUTERS
AND
INFORMATION
TECHNOLOGY
(
CPR
)
EARNINGS
(
ERN
)
COMPUTERS
AND
INFORMATION
TECHNOLOGY
(
CPR
)
Amdahl
Corp.
,
a
maker
of
mainframe
computers
,
reported
a
sharp
decline
in
net
income
for
its
third
quarter
,
citing
pricecutting
by
competitors
and
adverse
effects
from
a
strong
U.S.
dollar
.
Net
income
fell
37
%
to
$
32.9
million
,
or
30
cents
a
share
,
from
$
52.2
million
,
or
48
cents
a
share
,
in
the
year-ago
period
.
Revenue
rose
15
%
to
$
534.3
million
from
$
464.7
million
.
Amdahl
's
results
were
somewhat
worse
than
expected
.
Jay
Stevens
,
an
analyst
with
Dean
Witter
Reynolds
,
said
he
expected
the
Sunnyvale
,
Calif.
,
company
to
earn
35
cents
a
share
for
the
quarter
and
said
the
firm
's
weaker
profit
was
partly
the
result
of
increased
competition
from
International
Business
Machines
Corp.
,
Amdahl
's
principal
competitor
for
mainframe
sales
.