View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 4, 1987


By CBR Staff Writer

Standard & Poor’s has put $250m of debt of Wang Laboratories and two of its units on its CreditWatch list, with negative implications, citing strong indications that industry demand for computer systems in 1987 won’t significantly improve from present weak levels, as well as the $30m net loss in its first quarter, as the reason for the review. The securities being examined include Wang Labs’ and Wang Labs NV’s triple-B-rated subordinated debt and the A-2-rated commercial paper of Wang Labs and Wang Credit Corp. The New York credit rating agency stated ominously that Wang’s ratings could fall into the speculative grade categories if no 1987 improvements from recent losses are foreseen. The announcement came only days after the other major agency, Moody’s Investors Service, reduced its ratings on Wang’s debt.

Content from our partners
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester
Infosecurity Europe 2024: Rethink the power of infosecurity

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.