The Sacramento Bee from Sacramento, California • 35

Digital reports loss of $66 million EARNINGS D3 Wednesday October 23 1996 The Sacramento Bee Thursday October 24! share from $175000 or breakeven a year ago Revenue surged to $100 million from $233 million MCI Communications Corp reported its third-quarter profits rose to $304 million from a year-earlier loss amid double-digit revenue growth in its core long-distance business The profit amounting to 44 cents a share compared to a loss of $240 million or 35 cents a share in the same period last year mostly because of one-time charges Revenues in this year's third quarter were $469 billion up 21 percent from $386 billion year ago Salomon Inc said Tuesday its third-quarter profit dropped an unexpectedly sharp 59 percent to $112 million as the firm reported lower trading revenue and a loss on stock sales UAL Corp the parent of United Airlines and Shuttle by United reported a 31 percent increase in third-quarter profits to $437 million as higher ticket prices and more passengers offset higher fuel costs Kimberly-Clark Corp said third-quarter earnings rose 92 percent to $3481 million on strong demand for its disposable diapers training pants and baby wipes along with merger-related cost savings and lower pulp costs Monsanto Co said its third-quarter earnings rose 42 percent to a record $170 million topping expectations on strong sales of its agricultural products lict' News Services Digital Equipment Corp on Tuesday reported a $66 million loss from the summer quarter shocking investors who dumped the stock and raising concerns about the computer ability to restart its stalled turnaround The computer maker blamed a sales force reorganization and disappointing sales of some products for the loss which amounted to 48 cents for each outstanding share of common stock progress we have achieved in the last two years these results simply are not where they should said Digital chairman Robert Palmer Wall Street more than agreed The stock fell as much as $6 per share but recovered slightly to close down $537 Vi a share at $29 on the New York Stock Exchange its lowest close in about two years As recently as April the stock was worth more than $60 was expected to he a tough quarter but the level of sales decline was said analyst Richard Chu of Cowen Co in Boston a long way to go to make up for this Sales dropped to $29 billion from $33 billion a year ago The first-quarter loss follows an even more tumultuous previous quarter in which Digital lost $433 million because of restructuring and problems in the personal computer business Digital faced intensifying competition following the recent announcement of systems based on fast new microprocessor chips In other earnings reports: Philip Morris earnings jumped 15 percent in the third quarter as a surprising surge in its best-selling Marlboro cigarettes resulted in better-than-expected tobacco sales in the US and overseas Net income rose to $165 billion or $201 a share from $143 billion or $171 in the year-earlier quarter That matched the average estimate of 13 analysts polled by 1I3ES International Inc Lockheed Martin third-quarter net income rose 8 percent reflecting the acquisition of most of Loral Corp earlier this year Third-quarter net income at the largest aerospace and defense company rose to $311 million or $155 a share from $287 million or $143 a year ago Netscape Communications Corp reported better-than expected third-quarter earnings as revenue quadrupled amid strong sales of its corporate Internet software Net income rose to $766 million or 9 cents a REW VERSION Organizes Finances rPainlessly $10 Upgrade Mail-In Rebate To Existing Users Of Quicken! SACRAMENTO BUSINESS 2495 -1000 Our Price Mail-In Rebate For Upgraders Your Price After Rebate million a 24 percent increase from a year ago The Sacramento-based maker of integrated circuits for the telecommunications industry reported sales of $2736 million up 26 percent from $2168 million in the third quarter of 1995 Quicken 6Q For Windows Quicken 60 Windows 861-906 Quicken 60 CO 861-898 Quicken 70 MAC 861-880 Upgrade mail in rebate valid tor current Quicken users See pac kage for details Otter expires 1319 'T- 5 fi 4 IvU i 4 1 I NEW VERSION ram Western Sierra in deal Western Sierra Bank has agreed to buy Wells Eargo branch in Lincoln the Cameron Park-based company announced The deal which requires approval by banking regulators is expected to close in the first quarter said Gary Gall Western Sierra president and chief executive officer No sales price was released Entercom Inc buys 3 stations Philadelphia-based Entercom Inc has announced the purchase of three Sacramento radio stations rockers Arrow 108 (KXOA 1079 EM) The Eagle KSEG 969 EM) and 93 Rock (KRXQ 937 EM) Entercom acquired 93 Rock and The Eagle from Jacor Communications of Cincinnati for $45 million and Arrow 108 from Boston-based American Radio Systems for an undisclosed amount With the sale of Arrow 108 ARS now owns 10 radio stations in Sacramento and is expected to sell two more stations to satisfy the limit of eight Level One profits surge Level One Communications said third-quarter earnings climbed 51 percent to $3 77 million but the figure was boosted by a onetime gain of $675000 Without the gain related to the sale of Level minority stake in Maker Communications the company would have earned $309 BUSINESS CALENDAR 5995 2000 Our Price Mail-In Rebate For Upgraders1 ISCSI Your Price Alter Rebate Thursday 6 pm The Business Academy will host an informational meeting for small business owners at the University of Phoenix Center 1760 Creek side Oaks Dr For more information call 923-2107 ext 10G Quicken Deluxe 60 CD 861-872 Upgrade mail in rebate valid for current Quicken Deluxe users See package lor details Offer expires 13197 gotiations shortly before a settlement was announced Tuesday GM: Cranking back up to take 2 to 3 weeks Pumpkins: Growers found ways to beat heat who led the union bargaining team praised the proposed three-year contract as precedent-setting agreement that should set a new standard for corporate in regard to outsourcing Dean Munger GM chief negotiator said the tentative deal was good for the carmaker which had pushed hard for costcutting provisions in a new contract is a good agreement and it fits our business Munger said Hargrove said the agreement largely followed the pattern of a pact signed earlier with Chrysler Canada in which the company agreed on limits to outsourcing He said GM during the talks reversed decisions to outsource 1 800 union jobs in Canada Continued from page D1 parts that other plants need before they can bring all their workers back a GM source said two to three weeks In the meantime additional layoffs are expected To the union the lengthy negotiations were a ground-breaking and successful challenge to ability to decide on its own whether to sell plants and to farm out union work on auto parts to cheaper independent suppliers Now the automaker confronts similar talks with its workers in the United States Negotiators for the United Auto Workers and GM met Tuesday in Detroit after a weekend recess and the talks are expected to intensify now that there is a settlement in Canada CAW President Buzz Hargrove O'Ihi rjnfifl on fi Urn tr dl t-rsion of 4 Iminr OrgainH solum vt if purrliase of (jut km DILI pun mi bO I8H HiHj Of OiFMi bn in 6 1) Lb 1 Krj only li ti Af ion m'lu0ts $10 0U null relMi tiujiil Iht pun MdxH of Day liiiiw (Rgmnt i full Vh mtn Must pn 'vd ui ip imu fit pun hise I imil oof umpoti pt uHomern ufnpmiy Non rn ijoltible No sulistitnlioiv I nupon1 i mtf fit- iiimIiiiihiJ pholijf 0 if 5 Of pimJuf liOOS not a ept Wlulf dpph Id 1 1 ood tt miy Uttu In pm Coupon UkIk Ofi'il Office jxepot family also grows pumpkins on other acreage in the area The ingenuity of California growers averted a pumpkin crisis this year but there have been problems outside the Golden State in past years In 1993 the Midwest experienced a pumpkin shortage when fioodwaters overwhelmed fields and left other crops vulnerable to disease Midwestern sellers compensated by importing pumpkins from other states but they said consumers did not have the luxury of being choosy about finding the perfect pumpkin The Midwest is considered a prime pumpkin-growing region but US Department of Agriculture officials said there is no tracking system to monitor pumpkin production nationwide Continued from page 111 erated the maturity of pumpkins and in some cases cooked the crops beyond repair When harvesting did begin some growers blamed the heat wave for smaller-than-usual pumpkins and lower yields compared wuth last harvest Veteran growers however found ways to beat the heat did lose some but we saved a lot of them by covering them up We put them under said Janice McElhone of the Farmer Bob pumpkin patch at 8571 Sunset Ave in Fair Oaks still have a lot left and a lot of the big ones We bring fresh ones in all the McElhone daughter of longtime local grower Robert Massey said pumpkins are grown on five acres at the pumpkin patch site but the 4 NEW VERSION Organize Plan and Protect Space: Firms now hiring Sega: Looking for boost Continued from page D1 market comes on the heels of two years worth of healthy jobs gains throughout the Sacramento area companies have stopped Frisch said of those are Another big factor is that new office users are coming into the area he said Cornish Carey reports 962000 square feet of office space under construction more than the last two years combined but still a far cry from the late 1980s when 2-2lz million square feet of new office space was coming on line annually office market has 399 million square feet according to the study which counts privately-owned non-medical office buildings with more than 5000 square feet Of that total 5 3 million square feet or 1327 percent is currently vacant One of the hottest office mar kets is along Highway 50 east of Bradshaw Road with only an 83 percent vacancy rate So far this year that area landed several large business tenants including Wireless Services which moved its customer service center into 85000 square feet from smaller offices at Howe and Arden Level One Communications Inc a semiconductor manufacturer had a 51600-square-foot expansion at its campus Endosonics Corp a medical equipment firm moved into 43000 square feet in that area and the state Franchise Tax Board leased an additional 73000 square feet Another operation which is focusing on getting into the local-call market is scheduled to move into 84000 square feet in Northgate In that same area the state Department of Health Services is taking 68000 square feet for one of its programs Quicken Financial Suite 861-896 Upgrade mail in rebate valid for current Quicken Financial Luite use's See package for details Offer expires 1319 1997 have different relations with their computers than they do with game said Kerry Bradford general manager of Sega Online keep the PC in the den where hands-off for the kids This (Saturn Net Link) is ft plug-and-play unit where you break it and you have to worry about anyone crashing your hard Current Saturn owners who want to add on a Net Link browser and modem will see a list price of $199 Consumers seeking a complete package including a basic Saturn game machine the Net Link addition and accessories such as a keyboard and connecting cables will pay $449 On top of those costs users will have to pay the usual $20-or-so monthly fee for Internet access plus additional fees for on-line game connections Continued from page 1 it to dial up and play games with people around the country is an interesting extension of what people buy game machines said Josh Bernoff a senior analyst with Forrester Research in Cambridge Mass not sure it's great for web Sega officials hope the option of Internet access will give the Saturn a boost in its upcoming holiday-season sales battle against the popular Sony PlayStation and the powerful new Nintendo 64 machine And although the primary market for Net Link will be people who are interested in getting on the Internet for the first time -Sega also hopes to win over some experienced PC owners The company is shipping 100000 Net Link units to stores now and plans to shiv another 100 0V0 by March 10 Years Of Taking Care Of Your Business Call 1-800-557-3376 for the store nearest yon 1 i A.