Tera Computer to acquire Cray in surprise bid

Article Abstract:

Tera Computer Co. is acquiring Cray Research from Silicon Graphics Inc. for less than $100 million; SGI bought Cray in 1996 for $740 million. The new supercomputer company will be called Cray Inc. SGI will continue to sell its own line of supercomputers.

Computers, Digital Computers, Super, Company acquisition/merger, Supercomputers, Supercomputer, Tera Computer Co., Cray Research Inc., TERA, CYR

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Apple and Ellison seem ready to duel over control of ailing computer maker

Article Abstract:

Apple is taking defensive steps to ward off a possible takeover attempt by Larry Ellison, chmn and CEO of Oracle, the leader in the database software industry. Apple has turned to investment banking firm Goldman, Sachs, & Co., as Ellison approaches current and potential Apple investors and asks advice of other Silicon Valley executives. The possible takeover, in the wake of Apple's latest $708 million loss, focused on the issue of Apple CEO Gil Amelio's leadership and the direction the company is taking. Amelio insists that Apple is on the right track and not up for sale. Industry analysts believe that Ellison would need a 60% stake, costing $1.6 billion, to acquire Apple. He is expected to seek outside investors to reduce personal risk rather than having Oracle take over Apple. Ellison sees opportunities for Apple to produce network computers, rather than the high-end systems the company is currently depending on for its survival. Steve Jobs, a personal friend of Ellison, has disassociated himself from any acquisition attempts.

Hybrid Computers, Planning, AAPL, Company business planning, Apple Inc., RISC based computers, Company Acquisition/Merger

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Yahoo! buys GeoCities in stock swap; $5 billion deal is company's largest

Article Abstract:

After talking to AOL and Microsoft, GeoCities agreed to be acquired by Yahoo! Inc. for $5 billion in stock. Yahoo already had a stake in the Santa Monica Internet company. Yahoo will gain about 3.5 million users and GeoCities will gain clout and profitability. The deal is expected to close in the second quarter.

Comment:

To buy GeoCities for $5 billion in stock

Asset sales & divestitures, On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Internet, Internet services, Abstract, Yahoo! Inc., YHOO, GeoCities, GCTY

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