Silicon Graphics taps Belluzzo as CEO; ex-H-P executive is surprise selection

Article Abstract:

Silicon Graphics (SGI) selected star HP manager Richard E. Belluzzo as the computer maker's new chmn and CEO. Belluzzo, considered by many as the heir apparent to HP Pres and CEO Lewis Platt, formerly served as executive vice president and general manager in charge of its computer organization. The group is responsible for more than 80% of HP's $42.9 billion annual revenues. SGI's repeated failure to meet profit and product-shipment predictions resulted in the Oct 1997 resignation of CEO Edward R. McCracken. Belluzzo said his top priorities for SGI included top management reorganization and boosting its customer base. Another plan calls for shifting from its prestigious, high-end computer graphics devices to new products such as computers for managing Internet traffic. The 44-year-old Belluzzo has wanted the opportunity to lead a company, according to some people at HP.

Officials and employees, Human resource management, Appointments, resignations and dismissals, Chief executive officers, Silicon Graphics Inc., SGI, Company personnel management, Company executive, Computer executives

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Hewlett sees sluggish profit for quarter

Article Abstract:

HP warned investors that its profit for the qtr ending Jul 31, 1998, will remain flat or slightly below the same 1997 qtr. The computer and electronics giant also blamed weak Asian sales primarily for projected revenue in the 'mid-single digits.' A First Call survey of analysts predicted HP to report diluted per-share earnings of 62 cents. HP would fail to meet Wall Street projections for each of the last six quarters. Earnings likely will fall short of 58 cents a diluted share in the 1997 qtr, according to investor-relations director Steve Pavlovich. He said test and measurement products represent the weakest HP area with an approximate 10% decline in the current qtr compared to 1997. HP said it has controlled expenses that have spiraled since 1996 but continues to struggle with lagging revenues.

Management, Finance, Company sales/revenue, Company sales and earnings, Company earnings/profit, Pavlovich, Steve

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Small steps; some entrepreneurs are convinced that networks aren't just for the big guys

Article Abstract:

Small businesses are turning to computer network technologies in order to be competitive. The investment in networking can be expensive, but it pays off in the long run. The investment in technology can amount to 15% of a company's expenses, second only to salaries, and the expense is ongoing because of the continual need to upgrade to new technologies. Lyon & Associates, an advertising-design business in Encinitas, CA, employs a network of PCs and Macintoshes to link its 32 employees. The system will soon employ draftspeople in India to produce less-demanding drawings at a fraction of the cost required to hire US workers. The network also enables Lyon to send its drawings to clients. The company continually upgrades its equipment and prefers to pay cash instead of leasing its equipment.

Small Business Computer Systems, Computer networks, Usage, Forecasts and trends, Industry trend, Small business, Information management

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