PROTOCOMDEVICES <PRCM> SEES MORE PROFIT EROSION
  ProtocomDevices Inc said it has seen
  more erosion of its general financial condition since December
  31, and is actively engaged in negotiations to secure
  additional financing. It also said it has undergone a
  restructuring of its management and is instituting further
  staff reductions.
      It said Ramon Morales has relinquished his role as
  president and chief operating officer and assumed the position
  of executive vice president in charge of international sales.
      It also said Rafael Collado has assumed the positions of
  president and chief operating officer in addition to his role
  as chief executive officer.
      For the year ended January 31, 1986, the company had a net
  loss of 51,000 dlrs or 24 cts a share on revenues of 2.8 mln
  dlrs.