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June 17, 1990


By CBR Staff Writer

Control Data Corp still hasn’t finished its massive clearout and divestiture programme, and company vice-president Jerry Johnson said last week that future of the Micrognosis financial systems business, which integrates trading software with bought-in workstations for stock exchange traders may lie in a joint venture or its outright sale to another company. Also destined for sale or a partnership is the Sami product tracking business. As for its remaining investments, notably shares it got on the sale of Imprimis to Seagate Technology Inc, and the shares it still holds in Silcon Graphics Inc, it would like to turn those into cash as well. The company continues to expect to earn $1 to $1.50 a share this year and says analyts going for $3 are way too high.

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