It judged Wang Laboratories to be poorly positioned in all three markets.
It came back again to sell shares when Wang Laboratories, the computer company, was ready to come out of bankruptcy.
At its peak in the 1980s, Wang Laboratories had annual revenues of $3 billion and employed over 33,000 people.
Wang Laboratories filed for bankruptcy protection on August 18, 1992.
Later he worked for Wang Laboratories in the same field.
Similar technology has been used on desktop machines by Wang Laboratories, with only modest success so far.
Wang Laboratories said it expected a drop in earnings and revenues for the third quarter.
Wang Laboratories became a major employer, and built their world headquarters on the edge of the city.
Guzzi was a senior vice president of Wang Laboratories from 1981 to 1991.
Wang Laboratories said it had agreed on a new debt package with its banks and would immediately make some payments.