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Technology / AI and automation

PRIME PROFIT TO RISE 40-50% THIS YEAR

Prime Computer Inc forecasts that operating profit will rise 40% to 50% this year exclusive of non-recurring charges, and by another 20% to 30% in 1990; it also says it has completed its acquisition of Calma Co, giving it about 800 new customers and $60m to $70m in 1989 turnover; separately, Prime has rejected MAI Basic Four’s request for additional financial information concerning Prime and called on MAI to withdraw its highly conditional, extremely leveraged, unfinanced and inadequate offer for it.

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CBR Staff Writer

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