Wall Street took one look at Tandem Computers Inc’s ostensibly improving fiscal first quarter figures (see page seven) and triggered a bloodbath in the shares, which having closed at $16.125 opened sharply down and didn’t stop falling until they hit $12.875, when they steadied and rose a tad to stand down $3.125 at $13 even at 12.20pm New York time; in its statement the company had said it was optimistic about the future despite continuing caution about the worldwide economic situation – We are confident that Tandem is the vendor of choice for fault-tolerant servers to the local area network environment, the company said; noting the public offering of NetWorth Inc, which is majority owned by its Ungermann-Bass subsidiary, Tandem commented that other subsidiaries might benefit from increased investment from technology partners; it is still examining its business model for ways to improve efficiency and refine the cost structure, and has also looked at its subsidiaries with a view to bringing in investment partners as a means of enhancing value for its shareholders.
