AST names former Apple aide CEO, posts loss of $96.4 million

Article Abstract:

AST Research hires former Apple Computer exec Ian W. Diery as its new President and CEO, and announces that Samsung Electronics, its largest shareholder, will exercise more control over the company. These surprising moves follow a worse than expected loss of $96.4 million for the fiscal period ending Sep 30, 1995. This was the sixth consecutive quarter in which the company posted a loss due, in part, to component shortages, new product delays and a sharp decline in North American sales. Diery plans to hone AST's product development process by purchasing more components from other manufacturers and by expanding distribution in reseller channels. Diery's hire will limit founder Safi Qureshey's influence over the company, as will increasing Samsung's involvement. Samsung will increase its stake in AST to as much as 49.9% with the possibility to increase its stake to a controlling 60%. Samsung's backing will provide AST with the funding necessary to compete while also improving its access to Samsung's components.

Officials and employees, Appointments, resignations and dismissals, AST Research Inc., ASTA, Diery, Ian, Company Employee Status Change

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Apple Computer's pact with Pioneer marks first big vendor to clone Mac

Article Abstract:

Apple Computer's agreement to license its Macintosh operating system to Pioneer Electronic Corp will help the company achieve its goal of increasing the market share for Macintosh-based PCs. Under the agreement, Pioneer will manufacture Macintosh clones for the Japanese market. The clones are expected to be introduced by summer 1995. The Japanese PC market has been growing faster than the industry in general. Apple commands about 15% of the market, up from almost nothing in 1990. Pioneer does not have any PC manufacturing experience, although is is a consumer electronics giant. It plans to build both 33MHz and 66MHz clones that will include 3D sound and quad-speed CD-ROM drives. Apple previously signed licensing agreements with Power Computing Corp and Radius Inc. Apple wants to sign agreements with bigger-name vendors such as Gateway 2000 or Dell Computer, which would give it a broader reach in the marketplace.

Product development, Microcomputers, AAPL, Cooperative agreement for product development, Alliances and partnerships, Pioneer Electronic Corp., Apple Inc., PIO

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