Word: zenith
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Given a choice between two product lines, one thriving and the other struggling, most companies would have no problem deciding which one to embrace. But for Zenith, the decision was painful. The suburban-Chicago company surprised the high-tech industry last week by agreeing to sell its prosperous computer division to France's Groupe Bull for about $635 million. In doing so, Zenith, the last major U.S. maker of TV sets, decided to stake its future on that risky and supercompetitive business...
Heavily in debt, Zenith has reported losses in three of the past four years. Says Chairman Jerry Pearlman: "We are a highly leveraged company in two very tough businesses. We really felt we couldn't do either of them appropriate justice." Pearlman had tried to sell the company's TV division, but no buyers were willing to pay the reported $400 million asking price...
...zenith of his power, in 1981, Marcos said his country was caught between "a world that was dead and a world that was too feeble to be born." The vision that he alone could lead it to prosperity and greatness proved painfully illusory. He died his country's greatest villain...
With Wright's downfall and Tony Coelho's resignation, Gingrich is at his zenith. A year after he first sent the House Committee on Standards of Official Conduct sniffing along a well-laid trail of charges against Wright, the Georgia conservative can proudly say he has had a hand in throwing the Democratic leadership of Congress into turmoil. Characteristically, he is not satisfied. "Let's have an honest House, and not one corrupted by the arrogance of power," he says. "I'm out to break the Democratic machine...
...Castro. "It is the opportunity of a corporate lifetime." Last week the hottest, newest workstations went on display at San Francisco's UniForum. Once an obscure trade show, it attracted more than 22,000 computer buffs this year, and they were not disappointed. Some 250 exhibitors, from Apollo to Zenith, put their wares on display. Motorola rolled out a new line of workstations with up to 60 times the power of a PC. Data General may have started a price war by introducing a workstation for $7,450, far less than the typical $20,000 $ cost. Meanwhile, industry giants...