Word: ibm
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When executives do venture into new fields through mergers, they are now more likely to adopt a hands-off policy toward the acquired companies. IBM last year completed the $1.9 billion purchase of Rolm Corp., a Silicon Valley maker of telecommunications equipment. The button-down computer giant has since left its freewheeling subsidiary largely alone. "We didn't come here to fill up the swimming pool with gravel," an IBM official assured Rolm employees, who have happily retained their corporate hot tubs, saunas and water-polo team. General Motors has vowed to pursue a similar strategy with Hughes Aircraft, which...
...after Nakasone's speech, Japan announced another step that may set a precedent for its dealings with foreign companies. The government agreed to give IBM access to Japanese patents covering several computer-related inventions. That may help the American company to market more of its advanced computers in Japan...
DEATH REVEALED. Philip D. Estridge, 47, easygoing, exuberant IBM vice president and "intrapreneur" who between 1980 and 1984 moved with record speed and scant respect for sacrosanct tradition to build the company's personal computer division into a 10,000-employee, $5 billion-a-year concern with one hit product, the revolutionary PC, and one miss, the hapless PCjr, whose production was stopped last April for lack of sales; in the crash of Delta Air Lines Flight 191 near Dallas...
...first of the gene-splicing firms, led by Genentech and Cetus of Emeryville, Calif., went public in the early 1980s, Wall Street went wild. Genentech's stock jumped from $35 to $71 the first day. Biotech seemed like the next computer industry, and everyone was looking for the new IBM...
Early this year a bomb went off in a computer at the Los Angeles department of water and power. The device did not explode; it was a "logic bomb," a smidgen of spurious software coding that had been secretly inserted into the giant IBM machine. At a preassigned time, the logic bomb suddenly went off and maliciously froze the utility's internal files. Work came to a standstill until a team of experts, including the Los Angeles police department's newly formed computer crime unit, was able to uncover the subversive coding. The unknown criminal, who could face five years...