Word: merger
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Dates: during 1990-1999
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Driving this explosive merger of video, telephones and computers are some rather simple technological advances...
...Make no mistake about it," says Vice President Al Gore, who was talking about information highways long before they were fashionable. "This is by all odds the most important and lucrative marketplace of the 21st century." If Gore is right, the new technology will force the merger of television, telecommunications, computers, consumer electronics, publishing and information services into a single interactive information industry. Apple Computer chairman John Sculley estimates that the revenue generated by this megaindustry could reach $3.5 trillion worldwide by the year 2001. (The entire U.S. gross national product today is about $5.9 trillion...
...that poses a serious threat to industry leader Merrill Lynch. The deal will also reunite Weill with a company he patched together out of a string of troubled brokerages during the 1960s and '70s. American Express had been seeking to unload the money-losing brokerage. Wall Street hailed the merger as good for all three firms...
Robert H. Scott, Harvard's vice president of finance, said that under the terms of the "non-merger merger" of Harvard and Radcliffe Colleges, Harvard has the first option to buy any property that Radcliffe wants to sell...
...have slowed to 4% since 1990 as customers have turned to less expensive but powerful personal computers and linked workstations. Many manufacturers of large systems have already fallen victim to this irreversible change. In August, Wang Laboratories was forced to file for bankruptcy. Unisys, the by-product of the merger of Burroughs and Sperry, nearly went under after it suffered $2.5 billion in losses in 1989 through 1991. Huge losses also nearly claimed Digital Equipment, whose board ousted founder and president Kenneth Olsen earlier this year...