Group forms to test a data superhighway
Article Abstract:
A group of 17 companies, universities and government laboratories form to test a prototype of a national information superhighway. The superhighway is a theoretical communications network that would be capable of transmitting large amounts of data. Members of the group include HP, DEC, AT & T and SynOptics Communications Inc, and they have the task of proving that an information superhighway has applications in the real world. Pres Clinton issues an executive order establishing an information superhighway advisory committee; however, the Clinton administration has not yet set parameters for dealing with competing telephone and cable companies which will build the national network. While the consortium receives government funds indirectly via some of its members, the majority of its funding is from private industry.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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Microsoft co-founder Allen may try to buy America Online, SEC data show
Article Abstract:
Microsoft Corp co-founder Paul G. Allen files documents with the Securities and Exchange Commission that say he may try to acquire America Online Inc. The billionaire is currently the largest shareholder of America Online, with a little less than 25 percent of the firm's stock. The filing says Allen may seek to acquire the information-services provider through a merger, tender offer, asset acquisition or some other business combination. Allen, who recently disavowed an interest in acquiring America Online, is apparently concerned by a new shareholder-rights plan that would be triggered if an investor acquired more than one-fourth of the company's stock. Allen, 40, owns $3 billion in Microsoft stock and the Portland Trailblazers basketball team, along with various other high-tech investments.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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Intel, ensuring chip supply, allies with Japanese firm
Article Abstract:
Intel plans a joint venture with NMB Semiconductor Co, of Tateyama, Japan. Intel will have a controlling interest in the new company, called Intel/NMBS DRAMS Fabrications Co. The venture will have exclusive rights to sell dynamic random-access memory (DRAM) chips, which will be made in NMB's factories. NMB currently has three factories in Japan and plans another in the US. During the week of Jan 15, 1990, officials announced the failure of U.S. Memories, an alliance that was to generate a US DRAM production capability. Intel Chmn Gordon Moore says Intel's venture would have happened even if U.S. Memories had worked.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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