Word: calif
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Dates: during 1980-1989
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Encinitas, Calif...
...Carmel, Calif...
...pair of sudden moves, International Business Machines (1983 revenues: $40 billion) demonstrated its determination to boost sales and broaden its product line. The Armonk, N.Y., company announced a deal to acquire, for $1.25 billion, 100% of Rolm, a leading manufacturer of telecommunications equipment based in Santa Clara, Calif. IBM already owns 23% of Rolm (fiscal 1984 revenues: $660 million), but Big Blue, as IBM is nicknamed for its corporate color, had previously said it would not seek control of the smaller company. On another front, IBM introduced two lines of business software for personal computers and thus stormed into...
...compiling payrolls, drawing graphs and creating reports. Until now, all the personal-computer software that IBM sold was produced by other companies. IBM's new programs will compete most directly with the popular ones sold by Lotus Development of Cambridge, Mass., and Ashton-Tate of Culver City, Calif. Some experts are confident that small companies can hold their own in the software competition because they are often more inventive than IBM, which is known more for its marketing prowess than its creativity. "IBM software is not likely to be on the leading edge," said Douglas Cayne, a technology specialist...
...contract worked out earlier with General Motors. The contract was sent to the rank and file for ratification by Oct. 14. Despite creation of a $1 billion fund for retraining workers displaced by automation, there could be some balking. Says Pete Beltran, president of Local 645 in Van Nuys, Calif.: "The ratification vote will be much closer than people think." Autoworkers were grumbling that the annual wage hike for the next three years will be just 2.25%. Economists, though, feared that wages and benefits were still at too high a level, approaching an average of $30 an hour, to make...