Apple Computer's Marco Landi resigns as firm's executive exodus continues

Article Abstract:

Marco Landi, Apple Computer's executive vice president and formerly chief operating officer is resigning, the highest-ranking official to depart following six other such resignation in the last two weeks. Mr. Landi's duties had been scaled back in the latest Apple reorganization, but prior to the shakeup, he had expressed doubt about Apple's ability to recover. While Apple's extensive cutbacks are accounting for some departures, Mr. Landi's departure, along with that of Heidi Roizen, the primary Apple liaison to third-party software developers, are seen as more ominous signs for the troubled computer company. Steve Jobs is reportedly exercising a great deal of control at Apple in his position as advisor to CEO Gil Amelio. In recent his weeks his proteges have been taking top positions, including the duties of chief technology officer, a post formerly held by Ellen Hancock. Apple stocks have been near a ten-year low.

Analog & Hybrid Computers, Officials and employees, Microcomputers, Appointments, resignations and dismissals, Company Employee Status Change, Landi, Marco

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Apple reorganizes itself, but move gets cool reaction

Article Abstract:

Apple Computer unveiled another reorganization plan, including staff reductions of up to 20%, the sale of the Newton hand-held computer line and the centralization of many research and marketing departments. However, analysts are still skeptical and Apple's stock prices continue to fall, approaching a ten-year low. While Apple executives claim the moves will help streamline business processes, industry watchers say these are basic management issues that should have been dealt with years ago when the company's market share began its precipitous slide to its current sub-5% levels. In addition, cutting research and promotional funding may cost Apple the innovative products and successful marketing that the company so desperately needs. Apple is attempting to keep expenditures in line with its expected $8 billion annual revenues, down from $10 billion. A return to profitability is not expected until Sept 1997.

Company Business Management

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High-tech equipment theft plagues businesses

Article Abstract:

Theft of unsold high-tech products is now estimated to be about $5 billion per year according to a study by Rand Corp. with help from the American Electronics Association. Since companies started tightening security measures, thefts have declined. Some measures used by high-tech firms are to install sensors, hire more security personnel and get more guard dogs. The $5 billion figure does not include software.

United States, Legal issues & crime, Financial management, Abstract, Theft

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