Founder of Kaypro sees life in the company yet
Article Abstract:
Andrew F. Kay, Kaypro Corp's 71-year-old chairman, reasserts control over the company he founded. Kay hopes to restore Kaypro to what it was, but it will be hard to return Kaypro to anything resembling its former self. A relaxed and creative style once enabled Kaypro to develop one of the first successful low-priced microcomputers, in the early 1980s, but the same style led to a bankruptcy filing in Mar 1990. Kaypro reacted slowly to a rapidly changing market, and the company reported losses of $66 million during five years of declining sales. The company's condition might actually be worse than reported. Kaypro's accounting practices are being investigated by the Securities and Exchange Commission. There has also been a struggle for control between Kay and Roy Y. Salisbury, a consultant hired as president and CEO. Despite analysts' skepticism, Kaypro's management is now optimistic.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
Airlines cleared of rigging their reservation systems
Article Abstract:
American Airlines and United airlines did not monopolize the computerized airline reservations industry, although they control the two largest computer systems for travel agents, a federal jury has determined. The suit dates to Dec 1984, when 11 competing carriers sued the two airlines, claiming that American and United charged high fees for representation on their systems, and that the system often favored the two airlines. Since 1984, seven of the carriers have settled privately or merged with other airlines. Travel agents who use a computerized reservation systems often will book clients on the host airline because they receive incentives such as higher commissions. The Sabre reservation system owned by American holds the greatest share of the US market, with 37 percent, followed by United's Apollo system, which controls 28 to 30 percent.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
User Contributions:
Comment about this article or add new information about this topic:
Pioneer set to acquire laser disk company
Article Abstract:
Pioneer Electronic Corporation of Japan will pay $200 million for Discovision Associates, a joint venture of IBM and MCA Inc. Discovision became involved in videodisk research and manufacture in the 1960s. The company holds more than 1,400 patents and patent applications in laser audio and video technology. Pioneer's acquisition of Discovision is a demonstration of Pioneer's faith in videodisks, a technology that has not done well in recent years.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1989
User Contributions:
Comment about this article or add new information about this topic: