Bruised, but buoyant: chief of Apple Computer says the worst is over

Article Abstract:

Apple CEO Michael H. Spindler says the company is poised for recovery and growth and wants at least one more quarter in office to prove it. Apple's 4th qtr 1995 results are the worst ever for the company, and Spindler's job may still be at risk, despite a vote of confidence from the company's board. Spindler admits that Apple has made mistakes, including underestimating the speed at which consumers would migrate to computers with the PowerPC microprocessor. A shortage of the chips combined with a six-month lead time for the production of more chips left Apple with $1 billion in unfilled orders in Jun 1995. Observers believe that Apple may be looking for a buyout or merger agreement, but Spindler maintains that the company will remain independent. He also says Apple will pursue its business strategy of moving to compete in the education, publishing and home markets, rather than across the board. Apple plans to continue with its eWorld online service and its Newton personal digital assistant.

Planning, Officials and employees, AAPL, Company business planning, Apple Inc., Spindler, Michael H., Company Business And Marketing

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Does General Magic have the touch in hand-held computers?

Article Abstract:

Shares of General Magic Inc, which hopes to dominate the hand-held computer operating system market, almost doubled in price in the company's IPO, reflecting strong interest in the company. The initial stock offering price was $14 per share for 5.5 million shares. The company originally projected that it would sell four million shares at $13 each. Interest in the company spurred the stock up as high as $32 on the NASDQ stock exchange. The stock closed at an impressive $26.625. Investors are interested in the company for the operating system for hand-held computers that it is developing. The excitement is unusual because the company does not yet have any earnings, and several other companies have flopped miserably in this market. However, General Magic has the support of giants such as Sony, Motorola, Panasonic and AT and T. General Magic's Telescript communications language could become the industry standard, providing the company with endless royalty payments.

Hand-held computers, Handheld computers, Design and construction, NetPhonic Communications Inc.

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Trailblazer in the Silicon jungle

Article Abstract:

Ann Livermore, the new head of HP's Enterprise Computing Solutions Organization, has emerged as a contender to succeed CEO Lewis E. Platt in 2001. The 40-year-old Livermore now ranks as one of the most powerful women corporate computing executives in the US, overseeing 44,000 employees and estimated annual sales of $15 billion. HP formed Enterprise Computing Solutions in mid-Oct 1998 to market all of its computers except desktops. Livermore began her HP tenure in 1982, with the most recent position as vice pres and general manager of the computer maker's software and services group. Each of the group's various businesses received goals to double the industry's growth average per year. Livermore believes that customer satisfaction powers a product's growth, assigning equal consideration to pure satisfaction, the likelihood of buying again and the likelihood of word-of-mouth.

United States, Computers, Electronic Computer Manufacturing, Executive changes & profiles, Hewlett-Packard Co., HWP, Company executive, Computer executives, Company Business Management

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