t.w.gyi* - charles babbage institute agenda for special meeting of the board of directors of control...

t.W.Gyi*

AGENDA FOR SPECIAL MEETINGOF THE BOARD OF DIRECTORS OF

CONTROL DATA CORPORATION

Friday, November 10, 1.972 - 8:00 A.M.8100 - 341h Avenue South - Tower BuildingMinneapolis, Minnesota 55440

1 . A p p r o v a l o f P r i o r M i n u t e s R . B e H a w k i n s ( 5 )

B o a r d o f D i r e c t o r s 9 / 1 5 / 7 2O p t i o n C o i v. m i L t e e 8 / 2 8 / 7 2 : 1 0 / 0 5 / 7 2 . ; 1 0 / 1 3 / 7 2

2 . P r e s i d e n t ' s C o m m e n t s W . C . N o r r i s ( 3 0 )

3 . C o n s o l i d a t e d F i n a n c i a l S u m m a r y B . R . E n g ( 1 0 )

4. Computer Business Operations Reports

C o m p u t e r S y s t e m s R . C . G o t t i e r ( 1 0 )P e r i p h e r a l P r o d u c t s T . G . K a m p ( 1 0 )S e r v i c e s R . M . P r i c e ( 1 0 )M a r k e t i n g P . G . M i l l e r ( 1 0 )

5 . C o m m e r c i a l C r e d i t O p e r a t i o n s R e p o r t D . S . J o n e s ( 2 0 )

6 . C o m p u t e r B u s i n e s s B u d g e t s - 1 9 7 3 W . R . K e y e ( 1 0 )

7 . D e c l a r e P r e f e r r e d S t o c k D i v i d e n d R . B . H a w k i n s ( 5 )

8 . O F D I M . G . R o g e r s ( 1 0 )

9 . G u a r a n t e e s o f E l b i t P r o g r e s s P a y m e n t s M . G , R o g e r s ( 5 )

1 0 . " H o l d H a r m l e s s " G u a r a n t e e f o r T i c k e t r o n M . G . R o g e r s ( 5 )

1 1 . S E C F o r m 1 4 4 R e p o r t i n g R . B . H a w k i n s ( 5 )

1 2 . O p t i o n A g r e e m e n t A m e n d m e n t R . B . H a w k i n s ( 5 )

1 3 . R e l i e f P o s i t i o n ( 6 0 )

14. Other Business

1 5 . T o u r o f P r o d u c t D i s p l a y A r e a P . G . M i l l e r ( 3 0 )

Executive Session

R M Price CDC speeches Charles Babbage Institute <www.cbi.umn.edu>

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Board of Directors SpeechNovember ID

REVENUE

Year to date we are over in all areas except Education- Thisis true both against the official budget and the Board ofDirectors budget- Against the Board of Directors budget theyare Sl-EM under and against the Corporate budget they areS3-3M under-

The huge increase in the revenue forecast is primarily attributable to Syntonic -C$3-fill}- Ue also had increased revenues forecast from Data Services -[approximately $700K over prior montlVslevels}. The balance of Engineering Services has also gone upin excess of $l-0ri- The Engineering Service increase in revenuescame about when they did their valid net profit projection.

GROSS PROFITThe Board of Directors budget had a gross profit rate of 2fl£-Ue are now forecasting a rate of 27'/.. Slippage has occurredfrom Education Services- There have been slight favorableimpact in Engineering and Data Services but that has beenwiped out by the huge loss in Education. Education has missedits gross profit by 10^ -C3ti"/. versus 4b*}.

EXPENSES

As defined here expenses include Sales & Service- Education hasdeviated by $40QK- Ue have also had to add $S00K of expense forSyntonic- The budget doesn^t include Syntonic-NET PROFIT

Ue have adjusted net profit to $7ifl5D. I have also adjustedgross profit so that the arithmetic will track-TICKETRON

The Fiscal Year 1172 projected net loss is $5.2M« A few commentsregarding Ticketron:

1. 0TB is being abandoned. The 1173 budget has $1t.2K ofrevenue for 0TB- It will disappear April 21-

2- Lottery revenues will increase from approximately SbOOKin 1172 to $4-5M in 1173 due to the initiation of dailylottery- Of the daily lottery schemen Ticketron getsrevenues for all tickets sold whether manually or throughthe terminals.

rro - ll/fl/72


t.w.gyi* - charles babbage institute agenda for special meeting of the board of directors of control...

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