UBS Securites vice-president Marc Schulman is backpeddling on his prediction that Digital Equipment Corp earnings will hit $7.50 in fiscal 1993 (CI No 1,833): in his latest bulletin he downgrades it to $5.00 figuring the company’s red ink will slop over from the December quarter into the March quarter; his estimates also reflect his understanding of the migration process from VAXes to on-coming Alpha which has changed originally he thought customers would be able to field-upgrade to Alpha from DEC’s new VAXes but he has since found out that won’t be possible with current packing of the new VAXes; thus, he says, probably in early fiscal 1993, it appears that DEC will change the packing of the new VAXes, and only then will simple board swaps be required for migration; obviously, our concern is that a goodly fraction of DEC’s customers will wait for the new packing.
