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December 2, 1991


By CBR Staff Writer

Also in the Wall Street wars yesterday was Digital Equipment Corp, whose shares were briefly suspended because there were too many sellers after Merrill Lynch & Co analyst George Elling reduced his earnings estimates for the fiscal second quarter to the end of 1991 to a range of 25 to 30 cents a share from his previous estimate of 50 cents – against 92 cents a share in the year-ago quarter; he has also cut his 1992 fiscal year estimate to $3.25 a share from his previous range of $3.75 to $4 a share – DEC did $3.17 a share after charges in its fiscal 1991 to June 30 last; the shares were off $2.25 at $60.75 in mid-morning trading in New York; by 12.30pm New York time, the Dow Jones Industrial Index, off 25 earlier, had recovered 11 of that.

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