Wyse Technology Inc says that sales for its fiscal third quarter will likely be under $100m against $128.1m a year ago and $129.4m in its second quarter, and that it may make a loss sufficient to wipe out the $11.7m profit it made in the first half: Wyse attributes the problems to significant price cuts on its personal computers effective this week; reductions in distributors’ and resellers’ inventory levels resulting in lower shipments, and shortage of some terminals and monitors because of component shortages and production delays – enough to wipe $1.625 off the shares at $6.875; the 1988 high was $25.5.
