IBM expands Soviet business despite turmoil: sale of 40,000 computers announced; firm opens unit in Czechoslovakia
Article Abstract:
IBM announces the sale of 40,000 microcomputers, worth approximately $50 million, to the Soviet Union for use in schools. Apparently unphased by the recent unrest in the Soviet Union, IBM states it is also considering establishing a permanent base in the country. The sale is for hard currency according to IBM, and the 40,000 computers are in addition to 13,000 that the Soviet's ordered in June of 1990. In other moves in the Soviet Union, IBM has a tentative agreement with Aeroflot for an air-passenger and cargo handling computer system as well as plans to establish support services in the country. In Czechoslovakia, IBM states it has established its first subsidiary company in the country since the Communists seized power following World War II.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Vittorio Cassoni hops Atlantic again leaving Olivetti for as top spot at Xerox
Article Abstract:
Vittorio Cassoni has left Ing C. Olivetti & Co to join Xerox Corp as an executive vice president in charge of the company's office document products division and its US sales and service operations. Cassoni has been involved with the computer industry for over twenty years and has worked for IBM and AT&T in the past. Cassoni's recent record is not as outstanding, but his computer background makes analysts think he can help Xerox find success. Xerox's office-equipment line of products is similar to the product lines he is used to promoting. While Cassoni's position places him at the top of Xerox, there are a few other executives who are closer to filling in Chairman Paul A. Allaire's place when he retires.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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