Network Computing Devices Inc has finally finished reworking its figures more rigorously, and also warns that it expects a first quarter operating loss of $3.7m to $4.8m before a special gain of about $7m from the sale of its Mariner product line in January. The results will reflect continuing margin pressures on its systems business and unsatisfactory software results. It restated fourth quarter figures to a net loss of $234,000, or $0.01 a share, from a reported profit $1.1m, $0.07 per share. Second quarter net was restated to a profit of $85,000, from $440,000, or $0.03 per share. The net loss for the full year 1995 was restated to $4.0m or $0.25 per share, from a loss of $2.3m, or $0.15 per share. The restated statements reduce software revenues by $2.7m from what it reported. The company says it is implementing personnel reductions to reduce the operating expenses of the Software business, and is also evaluating various options for its Z-Mail electronic messaging product line, including sale or discontinuation of the line. On the Systems side, the Mountain View firm says that it is focusing its sales efforts on increasing the revenue contribution of its new WinCenter Pro application server software, and working to cut the cost of its Explora network computers.
