Word: datapoint
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...then, can regulators and businessmen alike mitigate this conflict? The most logical initial step is to place renewed emphasis on the investor’s responsibility to rely on a constellation of datapoints, rather than one datapoint, when she makes an investment...
When Edelman has tried to operate companies rather than simply auction off their parts, the results have been just as dismal. Example: Datapoint, a San / Antonio-based minicomputer maker. Since Edelman took it over in 1985, the company has gone through three presidents and $135 million in losses. Yet he has reaped millions of dollars in personal fees by aggressively playing the stock market with Datapoint's cash. Another Edelman-controlled firm, Intelogic Trace, a computer-servicing business that was spun off from Datapoint in 1985, has seen its annual profits plummet from $20 million in that year...
Edelman got a taste of his own tactics last September, when Manhattan lawyer Martin Ackerman launched a proxy war for Datapoint. Edelman responded by entrenching himself more deeply. In a two-day blitz of stock buying, Edelman boosted his stake from 10% to 40%, largely by purchasing stock with cash from Intelogic Trace. Edelman won, but pride had its price: Datapoint shares have fallen an additional 25% in value...
Newer firms, such as Amdahl, Magnuson and National Advanced Systems, have become strong competitors at the big end of the market. Digital Equipment, Data General and Datapoint are leading companies in the minicomputer part of the business. Meanwhile, such firms as Apple and Tandy are running away with the small-computer market. Indeed, IBM was late to recognize the potential of personal computers, and introduced its first entrant into the field only last summer...
...number of smaller companies offer equally sophisticated gear and are enjoying growth rates of 30% or more a year. Datapoint Corp., Digital Equipment Corp., Prime Computers, Inc. and Data General Corp. are all leading suppliers of minicomputer designs for small-to medium-sized businesses. Massachusetts' Wang Laboratories is a leading manufacturer of word processors. One new small word processor company based in Boulder, Colo., calls itself NBI, which stands for Nothing But Initials. The hottest new firm of all, Apple (1979 sales: $75 million), is not yet five years old and plans its first public stock offering before year...