Word: istel
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Dates: during 1990-1999
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...they were overpriced. The company later formed joint ventures with Convergent Technologies and Italy's Olivetti to make personal computers under the AT&T brand. It also formed a partnership with Sun and made a number of minor acquisitions, including Paradyne, a modem maker, and Istel, which customizes computer systems. But AT&T never managed to capture more than 3% of the market, and losses have mounted to as much as $3 billion. Rumors began to swirl about a possible merger as a quick fix. Among the known targets: EDS, Sperry, Digital Equipment, Wang and Data General...