Compaq Computer to acquire 13% of Silicon Graphics for $135 million
Article Abstract:
Compaq Computer Corp will buy a 13 percent stake in Silicon Graphics Inc for $135 million, with an agreement to pay $50 million more for a license for technology. The purchase will position Compaq for a move into the workstations market. The agreement will provide Compaq with expertise involving high-end software that displays full-motion graphics in three dimensions and could enable Compaq to compete with such established workstation manufacturers as Sun Microsystems Inc, HP and IBM. When the agreement was announced, Compaq's stock rose $1.375, closing at $64.375 on Apr 3, 1991, on the New York Stock Exchange. Silicon Graphics' stock, however, fell $4.50, closing at $38 a share, apparently because Silicon Graphics has announced that revenue for the company's 3rd qtr, ended Mar 31, is likely to be below revenue reported in the 2nd qtr, which was $136 million.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Artificial reality: computer simulations one day may provide surreal experiences; Jaron Lanier develops way for the user to control and 'feel' video action. A kind of electronic LSD?
Article Abstract:
Jaron Lanier, founder and CEO of VPL Research Inc in Redwood City, CA, is an articulate and attention-grabbing representative of a network of 'artificial-reality' researchers and inventors who envision electronic fantasy worlds created by computer simulation. Lanier and his colleagues believe that artificial realities will transform entertainment, education, engineering and medicine - even pornography. According to Michael McGreevy, who oversees artificial-reality research at NASA, artificial realities are more significant than the personal computer: 'You can explore living environments,' he says. Applications are starting to appear: architects can design buildings and lead prospective clients on inspection tours; and Mattel Inc, the toy company, has introduced a computer glove that controls Nintendo games. Lanier calls artificial reality 'electronic LSD.'
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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'Virtual reality' patents gained by French firm
Article Abstract:
The venture-capital unit of Thomson CSF SA has gained control of basic US patents on virtual reality held by VPL Research Inc of Foster City, CA, in which the French company held a minority stake. VPL pledged its patents to obtain a $1 million loan from Thomson's venture capital unit, and lost the patents when it failed to repay the loan. The loss of the patents could be a serious blow to US efforts to be competitive in virtual reality, in which computerized techniques give users the feeling that they are living and moving in an imaginary world. Virtual reality was pioneered with Air Force and NASA funding. Several Japanese companies are aggressively developing the technology.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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- Abstracts: Computer Associates agrees to acquire On-Line Software for about $120 million. IBM may buy Cadam business from Lockheed
- Abstracts: Prime Computer has plan to go public, halve its debt and shed computer unit. Data General, Prime report major losses
- Abstracts: Compaq rolls out personal computers, claims they challenge minicomputers. Compaq to unveil 3 personal computers, posing big sales challenge for dealers
- Abstracts: Computer software firms are expected to post profit gains for fourth quarter. Microsoft, Lotus are expected to lead software firms to solid quarterly gains
- Abstracts: IBM net fell 75% in quarter on a big charge; disappointing year ended with net 35% off; firm vague on 1990 outlook