Apple's Next step is a software gamble

Article Abstract:

Apple's acquisition of Next Software may not give the company the technologically advanced OS it needs to compete with Microsoft. Next's software, which is based on Unix, lacks features found in Windows NT and in Be's software, such as acceleration in computers with more than one microprocessor. Apple bought Next after its negotiations with Be collapsed. Apple's attempts to develop its own OS, code-named Copland, failed due to technical and management problems. The company claims that it will be able to update the Next OS so that no longer resembles Unix. Apple's success depends on its ability to interest software developers in creating new applications for the Macintosh. As part of the acquisition, Steven Jobs, Apple co-founder and Next founder, will serve as a part-time consultant to Apple Chmn and CEO Gilbert F. Amelio.

Computers, Electronic Computer Manufacturing, Computer software industry, Software industry, AAPL, Apple Inc., Company Acquisition/Merger, NeXT Software Inc.

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IBM speeds drive to shed real estate as part of program to trim jobs, costs

Article Abstract:

IBM divests itself of real estate and at least one quarter of its office space. The moves are part of an ongoing effort to cut costs and raise cash. In Purchase, NY, IBM has put its 550-employee I.M. Pei building up for sale. Elsewhere, IBM salespeople are sharing desks and making do with file cabinets on wheels. So far, IBM has eliminated 100,000 jobs. Earlier in 1993, the company cut its dividend from $4.84 a year to $2.16. Industry observers say 100,000 more jobs could go this year, and the dividend will probably be cut to about $1 in the fall. IBM says some changes are advantageous. For example, salespeople equipped with portable computers will be in closer contact with customers.

Prepackaged software, International Business Machines Corp., Divestiture, Cost control, Divestment, Cost Reduction, Organization Structure, Reorganization, Real Estate

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