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WANG CREDITORS' COMMITTEE SUPPORTS MANAGEMENT'S PLANS

 WANG CREDITORS' COMMITTEE SUPPORTS MANAGEMENT'S PLANS
 BOSTON, Nov. 10 /PRNewswire/ -- C. Hall Swaim, a partner in the law


firm of Hale and Dorr, counsel to the creditors' committee in Wang Laboratories' Chapter 11 case, today issued the following statement in response to Wang's announcement regarding its first-quarter revenue projections and other matters:
 "The creditors' committee, which is comprised of 13 members who are very sophisticated and knowledgeable about the computer industry, is closely monitoring Wang's business, management and finances. Wang's management is cooperating to provide the committee and its financial consultant, Price Waterhouse, with a complete picture of the company's current operations, business plans, and current financial results. Based on the information we have so far, and Wang's first-quarter revenue reports, Wang's business appears to have been stabilized, the company is paying its current obligations on a current basis and its customers are regaining confidence in Wang's products and services. The committee fully supports management's plans and efforts to continue current operations and announced product developments. The committee encourages vendors and customers to make their decisions to do business with Wang based on a business rationale rather than the fact of, or progress in, the Chapter 11 reorganization, since the primary purpose of the Chapter 11 is to provide a means of restructuring the company's debts while the business operates normally."
 -0- 11/10/92
 /CONTACT: C. Hall Swaim of Hale and Dorr, 617-526-6716/
 (WAN) CO: Wang Laboratories, Inc. ST: Massachusetts IN: CPR SU:


SM-KD -- NY109 -- 9501 11/10/92 17:41 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 10, 1992
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