Apple's Sculley plans to oversee new products
Article Abstract:
John Sculley will take charge of product development at Apple Computer Inc, following the resignation of Jean-Louis Gassee. Officials at Apple have not yet confirmed that Gassee plans to leave, and it is not clear how long CEO Sculley will handle product management. Observers say Sculley probably will look outside the company for Gassee's successor. Apple's stock fell $1.50 on Feb 7, 1990, to $33.25. Besides Gassee's resignation, Apple's stock was hurt by news that the General Accounting Office (GAO) will review a contract that Apple received from the Air Force in 1989. Apple was to supply Honeywell Inc with microcomputers in a $164 million award to Honeywell. The GAO says Apple has failed to meet an Air Force requirement that computers perform as many as ten functions simultaneously. The ruling casts doubt on Apple's status in an important sale to the government.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
Apple plans cutbacks as its profits sour
Article Abstract:
Apple Computer Inc faces some belt tightening in the wake of disappointing 1st qtr 1990 revenue figures. Apple Chmn John Scully plans to cut costs and possibly eliminate jobs. Sources say between 600 to 800 jobs in the Apple USA division could be eliminated by the cost reduction plan. To combat the slowdown in sales of its lowest priced computers, Scully plans to shift the company's emphasis to the high-end microcomputer workstation market, putting Apple in competition with IBM and Compaq for corporate contracts. Scully says low-priced computers are 'going to be less important' in the 1990s. Not all analysts agree and some warn that Apple's low-end models are antiquated and the company is running a risk by not developing new machines.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
Apple Computer, in a switch, decides it will keep Claris unit in company
Article Abstract:
Apple Computer Inc has decided not to divest itself of software publisher Claris Corp. In part, the move is seen as a response to competitive trends in the computer software industry. Apple has spent most of 1990 laying plans for making a public offering of its Claris Corp, which has posted a yearly revenue of $100 million, in an effort to distance itself from the business of selling software applications. The abundance of software available for the Apple Macintosh, however, has caused Mac developers to begin writing software for IBM microcomputers and clones. Apple's decision also reflects an effort to retain internal capacity to produce applications software.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: NeXT Inc. plans to introduce new machines. Next abandons computer sales for software. Jobs's Next Inc. announces first version of computer operating-system software
- Abstracts: Apple's stock plunges 13% on profit news; new product mix is noted as the company posts unexpectedly low net. Apple's stock continues weeklong slide as firm discloses poor profit outlook
- Abstracts: AT&T sets alliance to make gear to provide multimedia services. AT&T wins huge computer contract from the Department of Transportation
- Abstracts: Bills that permit phone callers to block number ID devices are passed by panels. Wrong numbers: Nynex overcharged phone units for years, an FCC audit finds
- Abstracts: Strategy of slashing prices helps to lift video-game makers out of sales slump. For video games, now it's a battle of bits