Word: warners
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Dates: during 1980-1989
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...mean to say that everybody in Southern California is rich," said Charles Dudley Warner in 1888, "but everybody expects to be rich tomorrow...
...Computer Phone Book, by Mike Cane (New American Library; $9.95), lists the phone numbers of more than 400 bulletin boards and networks carrying programs for many brands of personal computers, including Apple, IBM, Tandy, Commodore and Atari. Free Software for the IBM PC, by Bertram Gader and Manuel Nodar (Warner Books; $8.95), shows readers how to track down more than 600 programs...
Tramiel, the former president of Commodore International, who built it into the leading home-computer manufacturer, will pay no cash for Atari but will pick up $240 million of the company's debts. He will also get rights to buy 1 mil lion Warner shares at $22 each, about equal to last week's price. Warner, which evidently believes that Tramiel can succeed where it failed, will hold onto a 32% stake in Atari...
Tramiel moved swiftly and ruthlessly after arriving at Atari's headquarters in a two-tone Rolls-Royce. As industry experts saw it, he intended to dismantle Atari, regarding it as a start-up operation. He pushed aside Chairman James Morgan, 42, the former Philip Morris executive whom Warner had brought in last September to perk up the company. Mor gan had tried to save Atari, chiefly by slashing its worldwide work force from...
Tramiel became aware that Atari was up for sale seven weeks ago and began talks with Warner Chairman Steven Ross. After arduous bargaining in Manhattan, Tramiel's son Gary and Warner representatives closed their deal at 15:30 a.m. on Monday of last week. By that time, Tramiel was flying to California in a private jet and was at Atari headquarters...