Word: clara
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...industry's latest profit reports reveal the extent to which semiconductor makers have been raking in the chips. Last week Intel Corp., a major Santa Clara, Calif., producer of logic and memory circuits, said its third-quarter earnings more than doubled to $70 million, vs. $32.1 million last year. Advanced Micro Devices had an even bigger gain. The Sunnyvale, Calif., chipmaker made $42.1 million in its latest quarter, against $12.2 million for the same period a year...
...path. In a 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...
...national walkout. "A strike puts a pall on the entire industry, not just GM," said Ronald Kelly, a Ford dealer in Stamford, Conn. After the tough years of the late 1970s and early 1980s, dealers once again face a sales slump. Those with low inventory are especially worried. Said Clara Benjamin, co-owner of Bay Chevrolet in Queens, N.Y.: "A strike is going to affect us very badly. We will be laying off help if this turns out to be a long...
...scene is an airstrip in Jamastrán, Honduras, recently improved by the U.S. Two armed Americans lift off in a helicopter carrying 36 rockets and a machine gun. It joins three Cessna aircraft in a contra raid on a military school and an electric plant near Santa Clara, ten miles inside Nicaragua. The planes fire 24 rockets, killing a 40-year-old male civilian and three girls. The chopper is shot down, and its three occupants are killed. The Americans were on a combat mission with the knowledge and implicit approval...
...years ago to help launch its first product, a 9-lb. lap-size computer, but was slow to develop an improved model. It has laid off 210 of its 280 workers, and is now looking for additional capital. Convergent Technologies has also stumbled over its portable. The Santa Clara firm introduced its lap-size WorkSlate a year ago to enthusiastic reviews. But the company could not make enough of these computers to satisfy the initial demand, and then ran into production snafus. After losing $6.5 million in the second quarter, it announced that it would stop making the WorkSlate...