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...YORK CITY: NEC and Packard Bell Electronics announced they will merge their personal computer operations, making the combined entity the world's fourth largest PC maker. A combined Packard Bell and NEC would have led the U.S. in PC sales in 1995. The $300 million deal does not include NEC's personal computer operations in Japan, where it is the No. 1 PC-maker. Packard Bell, whose growth exploded in the early 1990s as consumers jumped into the lower-priced PC market, has seen its market share slip during the first quarter this year. The merged company will be called...

Author: /time Magazine | Title: Packard Bell Merges With NEC | 6/6/1996 | See Source »

...gets lifetime employment anymore, not even at companies like Hewlett-Packard, a visionary $31.5 billion high-tech firm that makes just about every good-guy list extant. Instead, HP employs a system of redeployment for "excessed" workers. They can hunt for other positions within the company for 90 days, fully paid and free of job responsibilities. Usually the company will make another job offer. But if an employee decides to leave, he or she still receives a generous severance package...

Author: /time Magazine | Title: GOOD FOR THE BOTTOM LINE | 5/20/1996 | See Source »

...piece was his burial, which took place at a hunting cabin he owned on top of a mountain in Hope, Idaho, in 1994. He had died of a heart attack at age 65, and now his corpulent, embalmed body was wedged into the front seat of a brown 1940 Packard coupe. There was a dollar and a deck of cards in his pocket, a bottle of 1931 Chianti beside him and the ashes of his dog Smash in the back. He was set for the afterlife. To the whine of bagpipes, the Packard, steered by his widow Nancy Reddin Kienholz...

Author: /time Magazine | Title: ART: ALL-AMERICAN BARBARIC YAWP | 5/6/1996 | See Source »

DIED. DAVID PACKARD, 83, electronics and computer pioneer; in Stanford, California. The "Birthplace of Silicon Valley," an official California State landmark, is the garage where Packard and his Stanford University classmate William Hewlett opened a workshop in 1939. Today Hewlett-Packard is the nation's second largest computer maker (behind IBM). Packard eschewed corporate pomposity, preferring "management by walking around" to keep employee morale high and focus on achieving objectives. In the '60s, he met with Stanford students protesting his company's defense contracts, and later mediated talks between them and their school. His personable style and civic activism inspired...

Author: /time Magazine | Title: Milestones Apr. 8, 1996 | 4/8/1996 | See Source »

...business expansion. "All you have to do is talk to people in Silicon Valley," says Ritter, who points out that "almost all of the firms that got started there in the past 10 to 15 years" were founded by people from behemoths such as Xerox or Hewlett-Packard...

Author: /time Magazine | Title: THE ART OF THE DEAL | 2/19/1996 | See Source »

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