Lotus rises on more takeover rumors amid continuing competitive pressures

Article Abstract:

Lotus shares rose 5%, up $2 to $42, fueled by rumors of a possible takeover by AT&T Corp and some analysts believe there is substance to the speculation. Lotus shares also rose in Dec 1994 when rumors were circulating about a possible takeover by Oracle. Lotus is pressured by tremendous competition from Microsoft in the desktop software arena, particularly its 1-2-3 spreadsheet software. However, sales of its communications products, such as E-mail and Notes workgroup software, are brisk. Experts have predicted the next round of speculation will probably include IBM, which is currently reorganizing its software division. Lotus is one of a small number of developers writing programs for the OS 2 platform, which competes with Microsoft's Windows and Windows NT. The Lotus-AT&T merger rumor was the result of a statement that appeared in PC Week magazine. The magazine reported that the two companies were still talking about a possible acquisition.

Communications Software NEC, Financial & Acctg Software Pkgs, Software, T, Financial software, Telecommunications software, Lotus Development Corp., Work group computing, Workgroup software, Workgroup computing, Groupware, American Telephone and Telegraph Co., Spreadsheet software, LOTS, Competition, Company Acquisition Merger

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Corel Corp. appears close to acquiring WordPerfect subsidiary from Novell

Article Abstract:

Novell is near to selling its WordPerfect subsidiary to Corel for only a fraction of the $1.4 billion it paid in acquiring the word-processing software company in Mar 1994. Analysts speculate that Novell may receive as little as $50 million for WordPerfect, a reflection of the software's rapidly declining market share. While some analysts suggest that the acquisition of WordPerfect would positively diversify Corel's product line, others believe that WordPerfect will remain only a niche product and is not a sound investment. Corel may leverage WordPerfect's large installed base of users to enhance the market penetration of its own primary product, CorelDraw graphics software.

Word Processing Software Pkgs (Micro), Corel Corp., Word processing software, WordPerfect Corp., Novell Inc., NOVL, Company Acquisition/Merger

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