DALLAS-James L. Donald, chairman, president and chief executive officer of DSC Communications Corp., last week announced he will retire from the posts of president and chief executive officer. The announcement made public a decision Donald had expressed to the DSC board of directors last September.
The news followed an announcement earlier in the week that DSC expected to report lower-than-estimated results for the first quarter due in part to the Asian economic crisis and deferred capital purchases from two of the company’s larger long-distance customers.
“This quarter’s financial performance has been extremely disappointing,” said Donald. “Although we recognized early on that first quarter bookings and shipments would be back-end loaded, it was expected that weakness in certain areas of our business could be overcome by strength in others.
“This obviously did not occur.”
