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ULTIMATE FORECASTS SOLID PROFIT FOR FISCAL 3Q

Ultimate Corp reckons that its restructuring (CI No 1,082) has trimmed its costs by a full 20%, as as a result it looks for solid profit for the fiscal third quarter to January 31: it has sold its subsidiaries in Hong Kong and Spain and its US supplies catalogue business, and is de-emphasising its implementation of Pick for the DEC VAX; although most direct sales operations have been ended, some specialist vertical market business remains.

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CBR Staff Writer

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