AT&T expects spinoff of Unix within 2 years
Article Abstract:
American Telephone & Telegraph Co (AT&T) will sell part of its Unix software subsidiary within two years, according to AT&T's Data Systems Group chief Robert M. Kavner, given that market conditions and the economy are favorable. Kavner will outline AT&T's intentions for AT&T's Unix Systems Laboratories subsidiary at a press conference on Apr 3, 1991. Industry experts are skeptical that the move will improve the market position of AT&T's version of Unix, which competes with a version backed the Open Software Foundation, which is led by IBM and DEC. According to Kavner, the creation of an independent software company with autonomous control was already his intention. Kavner maintains that the sale of Unix Systems Laboratories is not a response to activities of IBM and DEC.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Western Union agrees to sell nearly all of its business services unit to AT&T
Article Abstract:
AT and T hopes to boost its electronic messaging market share to 40 percent by purchasing Western Union Corp's Business Services Group for $180 million. The agreement, which is expected to be completed on Sep 30, 1990, is dependent on regulatory approval and Western Union's ability to complete the debt restructuring plan aimed at keeping the company out of bankruptcy proceedings. AT and T plans to combine its own electronic messaging businesses with Western Union's EasyLink electronic mail business, telex operations, voice mail, specialized facsimile transmissions and electronic data interchange. The entire Business Services Group posted revenue of $303 million and an operating profit of $72 million for 1989. The group has 1,300 employees.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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AT&T launches $6.12 billion cash offer for NCR after rejection of its stock bid; hostile $90-a-share proposal launched after meeting of companies' chairmen
Article Abstract:
American Telephone and Telegraph Co launches a $90-a-share ($6.12 billion) cash offer for NCR Corp. The move follows a rejection by NCR of an unsolicited stock-for-stock proposal at the same price. NCR's chairman, Charles Exley, had told AT&T that NCR would only hold merger talks if AT&T offered $125 a share ($8.5 billion) and promised not to make a hostile bid for a three-year period. Anticipating a bid, NCR stocks rose $3.125 to $86.625 on the New York Stock Exchange, and the stock was trading at $91 in after-hours trading, after AT&T's tender offer was confirmed.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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