Digital Equipment today will unveil new computer line
Article Abstract:
DEC plans to announce a new line of fault-tolerant computers that industry analysts say will place the number two computer maker into direct competition with market leader Tandem Computers Inc. The market for fault-tolerant systems, which are designed to keep working if a part fails, is growing rapidly. DEC plans to market its machines for use in applications such as branch banking and off-track betting, while Tandem markets its fault-tolerant systems for high-volume processing applications including stock trading and airline reservation systems. Observers note that the new DEC line will be aggressively-priced and will sell to new customers as well as existing ones. DEC is also planning to announce new microcomputers, workstations, a notebook computer and new VAX minicomputers.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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NCR agrees to AT&T takeover for $110 a share, or $7.48 billion; accord ends a battle that raged 5 months; vanquished will rule
Article Abstract:
NCR Corp agrees to a merger with AT&T. The deal is valued at $7.48 billion, or $110 a share. AT&T needs NCR's computer expertise because AT&T has not done well by itself in the computer industry. In fact, AT&T has lost more than $2 billion in its computer operations since 1984. Thus, one of the unusual features of this merger has to do with the fact that even though AT&T initiated the takeover, it will be NCR that will manage the merged computer business. The two companies together employ 328,000 people. NCR reported earnings of $369 million in 1990, on revenue of $6.28 billion. AT&T's computer subsidiary lost about $200 million on revenue of about $1.5 billion.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Comment about this article or add new information about this topic:
- Abstracts: AT&T, NCR may combine computer lines; firms are said to be in talks that may end in spinoff or an acquisition offer
- Abstracts: Industries find growth of digital electronics bring in competitors; as computers, phones, video blend or overlap, winners and losers will emerge
- Abstracts: Digital Equipment Corp. unveils new line of desktop computers. Digital vies again to be PC heavyweight
- Abstracts: IBM posts dismal 3rd-quarter results; aides given new powers to urge layoffs; European sales woes cited as stock falls by 6.6%; PC business bloodied
- Abstracts: Texas Instruments posts quarterly net; chip business has first profit since '89. Texas Instruments sets royalty pact with Toshiba Corp