In the race for the fastest chip, just don't blink
Apple and Intel showed off faster semiconductor chips. Apple's G3 PowerPC Macintosh 300 MHz version, as well as a 400 MHz prototype, were demonstrated by acting CEO Steve Jobs. Intel then introduced a prototype Pentium II chip that operates at 700 MHz, although the company said it will not retail until 2000. Other Intel plans call for releasing a 400 MHz and 450 MHz version of the Pentium II later in 1998. Consumer desktop users eventually will reap the benefits in better games, voice recognition and video processing. Other topics discussed are Nintendo's plans to present a $50 digital-camera attachment for its hand-held Game Boy video game device; Circuit City's plans to charge $19.95 for technical support as of Apr 1, 1998; and France's demonstration of its World Wide Web pages.
Publication Name: The New York Times
Subject: Business, general
National Semiconductor to acquire Cyrix; stock-swap transaction, valued at $536.3 million, is a challenge to Intel
National Semiconductor is acquiring Cyrix in a stock transaction estimated to be worth $536.3 million. The deal calls for 0.825 a share of National stock to be exchanged for each share of Cyrix stock. Brain Halla, National's CEO, is excited about the prospect of offering PCs for under $500 by combining Cyrix's microprocessor chips and National's own technology. The combined companies will be competing against Intel, which controls 85% of the market for microprocessor chips for personal computers. National's factory in South Portland, Maine will begin gearing up to manufacture Cryix's chips, as soon as the acquisition receives regulatory approval. This can be accomplished quickly, as the companies have been attempting to coordinate their processes through a partner in Taiwan.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
- Abstracts: A tech firm falters just a bit, and investors mete out punishment; Oracle's earnings letdown prompts stock plunge on record daily volume; Ellison's loss: $2.16 billion
- Abstracts: Look out, management accountants. Family-owned businesses: a challenge for management accountants. Solutions in finance: the power triangle
- Abstracts: The organization of relational contracts: the allocation of rights in franchising. Introduction - entrepreneurship theory: possibilities and future directions
- Abstracts: Motorola plans another satellite system; Celestri network to deliver high-speed data, video at cost of $12.9 billion
- Abstracts: Lucent is set to buy leader in voice mail; AT&T spinoff will pay $1.8 billion for Octel. SBC to acquire stake in unit of Williams