Word: bidding
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Dates: during 1990-1999
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legal representation for the poor is usually provided in one of three ways: by a state or county public defender's office, by court-appointed counsel or by contract public defenders who have put in a bid to handle many cases in one jurisdiction. Whatever the system, budget cuts, funding caps and an increase in the number of prosecutions for lesser crimes have created crushing case loads in most jurisdictions and fostered a type of assembly-line justice that often is not justice at all. In Atlanta 25 men line up together to plead guilty and receive their sentences, according...
...proved his company was really serious about getting with it: he moved to seize control of Lotus Development Corp. and its Notes software program, one of the fastest-growing parts of the $100 billion desktop-computing industry. In an unprecedented step for Big Blue, Gerstner launched a hostile bid to acquire Lotus for $3.3 billion, or $60 a share, more than twice the price at which the stock had been trading. At the same time, IBM went to court to challenge a Lotus "poison pill" that would make a takeover prohibitively expensive and appealed to Lotus shareholders to oust...
Gerstner originally resisted making a hostile bid during six months of previous negotiations. "When we found out that Lotus did not want to be acquired, our initial reaction was, well that's that." In the end Gerstner decided that the hostile offer was "in effect the only way we could get it [a merger] started." Such are the challenges of romance when the square falls for someone cool...
...looked to reassert itself in the personal-computer software market by tendering a hostile $3.3 billion bid for Lotus Development Corp. Its star asset: the popular Lotus Notes groupware program, which allows far-flung users to work simultaneously on the same document. Lotus' stock jumped more than $3 just before IBM's bid was announced, raising suspicions on Wall Street of insider trading. NOVITZ...
...endured throat surgery,explained away an illegal housekeeper, slumped in the polls and seen campaign contributions roll in like molasses, butPete Wilson -- a master of hardball politics-- isn't giving up. The California governor told supporters this morning that he'llofficially announce his bid for the 1996 GOP presidential nominationnext Thursday on CNN's "Larry King Live." To make his intentions clear, Wilson's campaign office in downtown Sacramento unfurled banners saying "Pete Wilson for President." The determined governor dismissed recent political gossip suggesting that he would drop the idea of running: "There have been a lot of rumors...