In finally confirming that it has put InteCom Inc, Allen, Texas – and also its lease finance subsidiaries, its Shark share quotation business and its speech and data communications services unit – on the block, Wang Laboratories Inc looks for $550m from the sales, and that is already in talks with potential buyers – and has already taken charges of $94m in treating the businesses as discontinued operations in its figures for the year to Juen last; the company says it is considering further restructurings and cuts, and that some may require waivers of its credit agreement because they involve writing down assets, and warns that such waivers may prove difficult to arrange.
