A major design shift at Digital

Article Abstract:

DEC shifts its corporate strategy in a competitive computer market and introduces small business minicomputers based on an Intel Corp microprocessing chip. The second-largest computer maker also announces that it will change the proprietary operating system that the VAX computer lines uses and make UNIX-based products compatible. The move toward open systems is a painful one for DEC but the market is more receptive to systems that allow users to mix and match equipment from different vendors. Computer makers that use open systems, such as Sun Microsystems Inc, have annual revenues of around $200,000 per employee; DEC has annual revenues of around $100,000 per employee. DEC plans to cut up to 8,000 jobs by the end of 1990.

Management, Market share, Business planning, Mainframe computers, Minicomputers, Digital Equipment Corp., DEC, Strategic Planning, Mainframe Computer, Market Analysis, Computer Industry, Minicomputer, Open Systems, Proprietary Systems

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Rating cut on I.B.M.'s debt issues: grading by Moody's lowered two notches

Article Abstract:

Moody's Investors Service Inc lowers its triple-A bond rating for IBM's bonds by two notches, to Aa-2. This is the first time IBM's rating has fallen below triple-A since the company began public borrowing in 1979. The action by Moody's is seen as somewhat unfair by at least one analyst, who points out that IBM is making progress in its attempts to reorganize itself and turn its fortunes around. Nevertheless, IBM's stock dropped 87.5 cents, to $83.375, when the news was released. IBM lost $2.83 billion in 1991. Slowed sales of mainframe computers, an absence of any notable success in the area of microcomputers and an ongoing international recession are cited as reasons.

Office machines, not elsewhere classified, Periodicals, Security & commodity services, not elsewhere classified, Evaluation, International Business Machines Corp., IBM, Securities, Bonds, Bonds (Securities), Moody's Investor Service, Outlook, Stock, Bond Rating

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