Wang Global Inc, the network and desktop integration company formed from the merger of Wang Laboratories Inc and Ing C Olivetti SpA’s Olsy systems and services division, said last week that is was expecting net losses for the quarter through September to reach $12m, or $0.34 a share. However, the company insisted that it remains on track and on target with its integration goals related to the Olsy acquisition. Excluding charges related to this deal, Wang said losses would be around $7m for the quarter on revenues of $780m. In the preceding quarter, Wang lost $260m on revenues of $833m. The company has also moved its year end date to December from June, making the September quarter the new third quarter.
