Expanding on the announcement of the Chapter 11 bankruptcy filing yesterday (see front), Wang Laboratories Inc chief executive Richard Miller told Dow Jones & Co that he had unsuccessfully tried to sell the company in an effort to avoid bankruptcy – we were trying to raise capital any way we could for this company, he said; adding that when he arrived three years ago, in retrosepct, I think the company was too far gone – we were dealing with a balance sheet that had way too much debt; he said that Wang will focus on its big service business and developing and selling software and will sell computers made by others, including IBM; it will shrink its manufacturing operations, considerably, but will continue to do final VS assembly; the overseas operations of Wang have not filed for bankruptcy.
