Word: burroughses
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Dates: during 1980-1989
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The drug has been code named compound S by its developer the pharmaceutical firm Burroughs Wellcome.
His family fled from Oranienburg, Germany, to Shanghai in 1939 to escape the Nazis' persecution of Jews. Interned by the Japanese during the war, Blumenthal was 21 when he came to the U.S. in 1947 as a "displaced person." Within a week he had found a job as a shipping...
Critics doubted that the merger would do much for either company. One problem: Sperry and Burroughs make mainframe computers that are largely incompatible. "It's a mismatch, like plaids and stripes," says Howard Anderson, chief executive of the Yankee Group, a research firm.
Sandwiched between those developments was word that Burroughs and Sperry, two older computer makers that have long lived in IBM's shadow, were engaging in merger talks in hopes of competing more effectively together than apart. Such a combination would create the second largest manufacturer of data processing machines in...
Despite its setbacks, IBM still dwarfs all its rivals. That fact probably contributed to the decision by Sperry and Burroughs to begin merger talks. Under a plan discussed last week, the two companies would exchange stock in a $3.4 billion deal. The new corporation would have an estimated 8% share...