Two more execs leave Apple in wake of disappointing Q4

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Two more sales executives left Apple Computer Oct. 15. Dave Manovich, senior VP-international sales, and James McCluney, senior VP-worldwide operations, have resigned from the company. Apple is conducting searches to fill both positions.

For the fourth quarter, which ended Sept. 26, Apple also reported a net loss of $161 million, compared with a net profit of $25 million, or $.20 a share, in the same quarter a year ago. Apple's revenues also dropped. Its fourth-quarter revenues were $1.6 billion, a decrease of 30 percent from the same quarter in '96.

Copyright October 1997, Crain Communications Inc.

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