Word: mergers
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...remain independent. Although the company has not confirmed it, The Wall Street Journal reported that the embattled Michael Spindler has stepped down in favor of Apple board member Gil Amelio, who left his position as head of National Semiconductor Corp. Board members are believed to be leaning against a merger with Sun Microsystems. The tough-minded Amelio is a good choice, an executive adept at rebuilding battered companies. San Francisco Bureau Chief David Jackson reports: "A new CEO will have a better chance to rejuvenate the company. Amelio gets high marks from everyone for his ability to focus...
...rank with last summer's merger of Chase and Chemical, but when Starbucks Coffee takes over all Boston-area Coffee Connection stores by September, there will be sweeter reasons than a stock increase to celebrate...
...quarter, while IBM was showing a 41 percent profit for the same period, that caused its stock to drop 10 percent. "Apple Chief Executive Michael Spindler is going to look more and more like the little boy with the finger in the dike if he tries to stop a merger or takeover," says TIME's David Jackson. "Despite Markkula's denial, Apple must take drastic measures to survive. The smaller Apple's market share gets, and it's now at about 10 percent, the less appeal it has to software developers." As a result, Apple is finding it increasingly difficult...
...Greaves began to like Hasan's plan. For one thing, it would allow Health Net to go public instantly, using the already public QualMed as a vehicle. The merger would also create an eight-state network and give both companies an edge in the rush toward consolidation, a fundamental imperative of the new medicine...
...merger also promised a more personal benefit. Under the old medicine, says Dr. Hasan, "the idea was, you don't go into the health-care business to get rich. But that system was very inefficient." Now the reverse is true, he argues. When he took his company public, his holdings became worth $150 million. "We all got very rich," he says, his delight bubbling out in a chuckle. The prospect of such wealth, Dr. Hasan argues, helped managed-care companies draw the best executives, who in turn applied corporate stratagems to compel doctors to become more efficient...