Fremont, California-based Everex Systems Inc is one of the personal computer manufacturers feeling the pain of the downturn in the US market: it says it expects earnings for the first quarter of fiscal 1991 to October 31 will be lower than the 18 cents per share reported for the like quarter a year ago, and could be significantly lower depending on the results of the final two weeks of the quarter; the company says it has experienced softness across the board for systems and peripherals product lines, but looks for new products planned for Comdex in Las Vegas next month to stimulate demand; it also plans to buy in up to 2m of its shares.
