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ROBERT B. PALMER ADDRESSES DIGITAL EQUIPMENT CORPORATION STOCKHOLDERS: ANNOUNCES TIMEFRAME FOR NEW ORGANIZATION; REINFORCES RETURN TO GROWTH

ROBERT B. PALMER ADDRESSES DIGITAL EQUIPMENT CORPORATION STOCKHOLDERS:

ANNOUNCES TIMEFRAME FOR NEW ORGANIZATION; REINFORCES RETURN TO GROWTH
 BOSTON, Nov. 5 /PRNewswire/ -- At Digital Equipment Corporation's (NYSE: DEC) 1992 Annual Meeting, President and CEO Robert B. Palmer told stockholders that he expects to restructure the company into business units and announce new managers for those units before the end of the calendar year. Palmer also reinforced the company's intention to return to profitable growth through continued investment in core competencies and ongoing restructuring and cost reduction plans.
 "To enhance our focus on customer needs, we will structure ourselves into a limited number of customer-focused business units," Palmer told stockholders. "These business units will be focused on providing solutions to their customers. They will have responsibility for business strategy, investment, revenue generation, and profit and loss. I expect to announce these business units and their leaders before this year is out."
 Palmer highlighted customer focus and Digital's core competencies -- services, software, networking, storage and silicon -- as areas for continued investment as the company returns to profitable growth. "Focusing on customer needs, investing in open systems, and working with our partners to provide complete solutions are all designed to generate more revenue," Palmer said. Palmer assured stockholders that within the next 12 months, they will see a company that is easier to do business with, has a more focused engineering effort, delivers open systems with unquestioned commitment, and has a clearer, simpler and more focused vision.
 In the formal business meeting, the company's stockholders elected three directors to each serve for three-year terms. The directors elected are Colby Chandler, 67, retired chairman and CEO of Eastman Kodak Co.; Arnaud de Vitry, 66, an engineering consultant, and retired chairman and CEO of Eureka SICAV, a French investment company; and Thomas P. Gerrity, 51, dean of the Wharton School of the University of Pennsylvania. In addition, the stockholders ratified the appointment of Coopers & Lybrand as auditors for the current fiscal year.
 Digital Equipment Corporation, headquartered in Maynard, Mass., is the leading worldwide supplier of networked computer systems, software and services. Digital pioneered and leads the industry in interactive, distributed and multivendor computing. Digital and its business partners deliver the power to use the best integrated solutions - from desktop to data center - in open information environments.
 -0- 11/05/92
 /CONTACT: Joyce Radnor of Digital Equipment Corporation, 508-493-6045/
 (DEC) CO: Digital Equipment Corporation ST: Massachusetts IN: CPR SU:


CN -- NE008 -- 3037 11/05/92 11:18 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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