Digital's Weiss quits to join smaller firm

Article Abstract:

Harvey L. Weiss decides to leave his position as vice president after 20 years at DEC to move to a senior position at Thinking Machines Corp in Cambridge, MA. Insiders at DEC indicate that Weiss's resignation is a response to senior management's rejection of his proposal to make the government system group he led a separate division. Weiss denies that DEC's decision not to follow his plan is causing him to leave. He states that the move is an amicable one and that it is time for him to move on to new challenges. Fellow executives at DEC consider his loss a significant one, especially considering that Weiss has enormous expertise in the government services area and was a builder of the group. Thinking Machines Corp manufactures parallel supercomputers and does about $60 million in annual sales.

Officials and employees, Appointments, resignations and dismissals, Digital Equipment Corp., DEC, Executive, Resignation, Thinking Machines Corp., Weiss, Harvey L.

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AT&T readies hostile NCR bid; a proxy challenge to unseat directors also is considered

Article Abstract:

AT and T plans a hostile bid for NCR Corp if the computer maker's board of directors rejects AT and T's $90 a share offer. Analysts believe that AT and T might sweeten its offer in a hostile bid, but AT and T officials refused to comment. The NCR board rejected an earlier $85 a share offer and plans to consider the $90 a share offer by telephone conference on Dec 5, 1990. NCR stock rises $2 a share and closes at $83.50 on Dec 4, 1990, as investors express confidence that AT and T will succeed in its determination to acquire the fifth-largest computer maker in the US. NCR chairman Charles E. Exley threatens to resign if the hostile AT and T bid succeeds. AT and T plans to accompany its bid with a proxy challenge that would unseat NCR's board of directors.

Telephone communications, exc. radio, Mergers, acquisitions and divestments, Telecommunications services industry, Telephone companies, T, NCR Corp., NCR, American Telephone and Telegraph Co., Telephone Company, Acquisition, Takeovers

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