Word: mergerism
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Dates: during 1980-1989
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Critics doubted that the merger would do much for either company. One problem: Sperry and Burroughs make mainframe computers that are largely incompatible. "It's a mismatch, like plaids and stripes," says Howard Anderson, chief executive of the Yankee Group, a research firm...
Sandwiched between those developments was word that Burroughs and Sperry, two older computer makers that have long lived in IBM's shadow, were engaging in merger talks in hopes of competing more effectively together than apart. Such a combination would create the second largest manufacturer of data processing machines...
Despite its setbacks, IBM still dwarfs all its rivals. That fact probably contributed to the decision by Sperry and Burroughs to begin merger talks. Under a plan discussed last week, the two companies would exchange stock in a $3.4 billion deal. The new corporation would have an estimated 8% share of the U.S. computer market, which would make it still a very distant runner...
...World Airlines were preoccupied by an equally riveting, corporate development: the birth of a huge new airline company. TWA, which has struggled for the past month to escape Corporate Raider Carl Icahn, agreed to be acquired by Texas Air Corp., which already owns Continental and New York Air. The merger will create the second largest U.S. airline, after United...
...Hughes merger is the latest in a dazzling series of moves that Smith, 59, has undertaken as part of a program to reshape his company. Since he took over the top job in 1981, the sandy-haired chairman has been intent on revamping GM into an agile performer that can compete successfully against the Japanese. To reach that goal, he has been creating more daring deals than any of his predecessors since the 1920s, when Alfred P. Sloan Jr. welded a jumble of companies into the modern...