Control Data’s results were qualified by its auditor.
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The report by Peat, Marwick, Mitchell & Co. accompanied the Minneapolis computer maker’s 10K filing with the Securities and Exchange Commission on March 26. The auditors cited uncertainties over the company’s $380-million debt, which is being restructured by lending banks. The auditors said that in addition to the restructuring and planned sale of some assets, Control Data “must obtain additional financing” or be forced to sell other assets.
