Nynex, Computerland said to discuss a sale

Article Abstract:

Computerland Corp is reportedly negotiating the acquisition of Nynex Corp's computer retailing operations. Nynex announced on January 25 that is is actively seeking a business partner for its Nynex Business Centers unit, which sells office computers. IBM sold the 77-store chain to Nynex in 1986 for an estimated $200 million. The move was seen by Nynex as a chance to diversify away from telecommunications, but the project ended up losing the company hundreds of millions of dollars a year as it sought to compete with small stores and independent sales people. Computerland earned $6.3 million on sales and franchise royalties of $424.2 million in 1990.

Computers, peripherals & software, Computer industry, Mergers, acquisitions and divestments, Negotiations, Computer stores, Distribution channels, Divestiture, Divestment, CLD, Retail/Reseller Channel, Acquisition, Negotiation, ComputerLand Corp.

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Nynex to establish office to address ethical issues

Article Abstract:

Nynex Corp announces it will establish an office of ethics and business conduct to investigate charges of improprieties within the organization. The move may have been spurred by recent allegations charging Nynex with financial wrongdoing. The office will be staffed by eight employees and will have a post office box, a toll-free telephone number and a facsimile number for employees to use. The office will investigate all complaints it receives, and information recovered during the investigations will be made available to regulators.

Management, Telecommunications services industry, Telephone companies, Ethical aspects, Ethics, Regional Bell Operating Companies, Business ethics, Investigations, Telephone Company, Regulation, Bell Regional Holding Companies, Investigation

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