Word: ibm
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Dates: during 1990-1999
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...IBM Has a Yard Sale...
Beleaguered IBM plans to get rid of 40% of its real estate holdings in the U.S. Executives hope to save $250 million a year by breaking or renegotiating leases and renting out or selling surplus space -- including the company's former North American headquarters in Purchase, New York, and 300,000 sq. ft. of a Manhattan high-rise...
...Even with Nelson Mandela's imprimatur, money is unlikely to come gurgling into South Africa soon. First investors will want to weigh the risks and prospects on the new political landscape. "Like others, we're reading the tea leaves before we decide what to do," said a spokesman for IBM, which sold its operations to a local concern known as ISM in 1987. The most intimidating hurdle that prospective investors face is the continuing level of factional violence, most of it black against black. Only a day after the pact on the transitional council was reached, another random outbreak shattered...
...sheer size of the gathering was testimony to the continuing American interest in South Africa, seven years after the U.S. Congress enacted its economic boycott of the country. Nearly 170 firms, including Pan Am, Uniroyal and IBM, sold or closed their South African operations between 1985 and 1990. Since the Bush Administration repealed the bulk of those sanctions in 1991, many have gradually filtered back. During the past year Lotus, Microsoft, Tambrands and 24 other U.S. firms have opened offices, established subsidiaries or placed representatives in South Africa. "We get calls every day from companies that are thinking about going...
...notebook computers, check out the IBM ThinkPad, the Apple PowerBook, and those manufactured by Compaq...