With Internet in mind, EMC buys memory disk maker for $1.1 billion

Article Abstract:

EMC Corp., a leading maker of data storage devices, has agreed to acquire Data General Corp., in a stock swap valued at around $1.1 billion. EMC's products are made for the largest mainframe computers, whereas Data General's are focused on smaller midrange computers that generally run Windows NT or the Unix operating systems. The rapid growth of the Internet has greatly increased demand for both companies' products, but more so for the midrange products for their use as servers for World Wide Web sites and E-mail systems. The deal fits into EMC's strategy of widening its product offerings to meet the needs of a broader customer base, mainly those that run network servers and other midsize systems. Analysts also say that Data General's products should benefit from EMC's stronger sales structure, particularly in direct sales, which Data General has been trying to increase over the last year. The acquisition will allow EMC to broaden its market much faster than it could by developing its own line of midsize storage devices.

Asset sales & divestitures, Acquisitions & mergers, Memories & Storage Devices, Mergers, acquisitions and divestments, Company acquisition/merger, EMC Corp. (Hopkinton, Massachusetts), Computer storage devices, Data storage device, EMC, Data General, DGN

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3M chases the dream of building the better disk

Article Abstract:

3M introduces its $20 LS-120, a 3.5-inch diskette that provides 120MB of storage, approximately 80 times more data space than current $1 1.44MB floppy 3.5-inch disks. In support of the LS-120, Compaq will offer a disk drive that operates the diskette in two of its systems scheduled for release in Apr 1996, offering backward compatibility with present 1.44MB drives. 3M officials are confident that the LS-120 will provide a less costly alternative to recordable CD drives and significant performance gains over present floppy drives. Some analysts suggest that the LS-120's large price may prevent it from entering mass markets, leaving it primarily for use in applications that require the backup of large files.

Floppy Disk Drives, Computer hardware, 3M Co., MMM, Product introduction, Product Announcement, Hardware product introduction, Magnetic disks, Data disk, 3M LS-120 (Data disk)

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With a new Smart Suite, Lotus chases its rivals' success

Article Abstract:

Lotus Development Corporation will start shipments of its Smart Suite Millennium Edition in June 1998. The suite will have the latest 1-2-3 spreadsheet program, word processing, data base, graphics, and other productivity software versions. Lotus' desktop software market share has fallen so low that many analysts no longer follow it. Smart Suite is considered to be a less-complicated option to Microsoft's Office 97.

Software Publishers, Product introduction, Company Planning/Goals, Industry Market Data, New Products/Services, Applications Software Pkgs (Micro), Lotus Development Corp., Applications software, Article

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