BRIEF TRANSMISSIONS
BRIEF TRANSMISSIONS
Trans-Lux Corp. appears to be in play following SEC filing by two New York businessmen, Michael Landes and Albert Schwartz, who say they acquired 82,000 shares in late December, enough to give them 5.08 per cent stake. Schwartz and Landes say they don't plan to be passive investors, and may participate in "formulation, determination, and direction of the basic business policies and decisions" of Trans-Lux. They bought their shares at between $12.96 and $13.94. Trans-Lux closed January 17th.
Roberts-Slade, Inc. of Spanish Fork, UT, plans to release new futures software for Apple Macintosh. Mouse-driven technical analysis and graphics system will run with Commodity Quotations, Inc.'s "Comstock" quote stream carried on Bonneville network (see related story, this issue). Package will be second futures offering to support Mac. Other is Bonneville's "Macmonitor," also written by Roberts-Slade.
International Marketnet, via PBS, is supporting Videotex Industry Association proposal to accelerate FCC's timetable for releasing television VBI lines for data transmission. "There is some discussion going on right now amongst ourselves and with the FCC to see if that's a possibility," says VIA's Bob Smith. Group will propose that i.r.e. of line 14 be boosted from 40 to 80 as soon as possible, instead of in 1987 as present timetable specifies.
Automatic Data Processing, Inc. reports 2d quarter net of $24.6 million ($.68/share) on revenues of $290.3 million, compared with earnings of $20 million ($.57/share) on revenues of $253.9 million in year-earlier quarter.
Financial News Network, Inc. reports 1st quarter net of $203,841 ($.02/share) on sales of $3.66 million, compared with loss of $1.08 million on sales of $1.86 million in year-earlier quarter.
Wang Laboratories, Inc. reports 2d quarter net of $21.7 million ($.15/share) on revenues of $679.5 million, compared with $56.3 million ($.40/share) on sales of $610 million in year-earlier quarter.
Warner Computer, Inc. reports 4th quarter net of $286,000 ($.05/share) on revenues of $3.27 million, compared with year-earlier results of $18,500 on sales of $2.3 million.
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