IBM appoints Chrysler's York as finance chief

Article Abstract:

IBM names Chrysler executive VP for finance and board member Jerome B. York as its chief financial officer. York helped turn around Chrysler by selling billions in assets and slashing costs; his appointment is a strong indication that new IBM Chmn and CEO Louis V Gerstner Jr plans a similar strategy for the beleaguered computer giant, which lost nearly $5 billion in 1992. IBM has lost much credibility on Wall Street, including its treasured triple-A credit rating. In addition, some financial experts say the company has been too aggressive in reporting revenue. In an interview, York refuses to disclose any particular strategy. York replaces longtime IBM CFO Frank Metz, who took early retirement in Jan 1993.

Electronic computers, Officials and employees, Computer industry, International Business Machines Corp., IBM, Appointments, resignations and dismissals, Chief financial officers, New Appointment, York, Jerome B.

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'Michelangelo' virus scare ends in an anticlimax

Article Abstract:

The Michelangelo computer virus, a dreaded virus scheduled to wipe out infected hard disks on March 6, 1992, did little harm across the country and around the world. According to reports made by the National Computer Security Association, Certus International Corp and a Wall Street Journal survey, between 20 and 30 companies experienced data loss due to Michelangelo. As a result of the media attention on the virus, most companies detected and destroyed the virus before it could wreak havoc on hard disks. Some minor system problems on March 6 initially appeared to be the result of Michelangelo, but most of these turned out to be simple system errors or power failures.

Computer software industry, Software industry, Reports

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High-tech hysteria grips U.S.; Skylab? No, Michelangelo: a celebrity computer virus creates hype and profits; a vaccine called PC-cillin

Article Abstract:

Michelangelo, the computer virus that is programmed to activate on Mar 6, has made news worldwide. Michelangelo is not the only virus that currently poses a threat to the world's computers: it is estimated that as many as 2,000 strains of computer viruses might currently be active. Michelangelo has attracted the attention of news organizations everywhere as the countdown to its activation date proceeds. Companies that make anti-virus software are doing increased business because of the scare. Companies mentioned include McAfee Associates, Central Point Software Inc and Peter Norton Computing Inc.

Computers, peripherals & software, Economic aspects, Product information, Network Associates Inc., Central Point Software Inc., Symantec Corp. Peter Norton Products Div.

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