OTHER NEWS - July 2, 1996

Digital Equipment said Enrico Pesatori, vice president and general manager of its computer systems division, has resigned. . . . Cantor Fitzgerald said it bought research service Parallax Group to provide clients with information and analysis of the convertible securities market. . . . Silicon Graphics completed its purchase of Cray Research for about $740 million in cash and stock, bolstering its position as the world’s largest supercomputer maker.... Lockheed Martin named Vance D. Coffman as president and chief operating officer.