IBM appoints Chrysler's York as finance chief
Article Abstract:
IBM names Chrysler executive VP for finance and board member Jerome B. York as its chief financial officer. York helped turn around Chrysler by selling billions in assets and slashing costs; his appointment is a strong indication that new IBM Chmn and CEO Louis V Gerstner Jr plans a similar strategy for the beleaguered computer giant, which lost nearly $5 billion in 1992. IBM has lost much credibility on Wall Street, including its treasured triple-A credit rating. In addition, some financial experts say the company has been too aggressive in reporting revenue. In an interview, York refuses to disclose any particular strategy. York replaces longtime IBM CFO Frank Metz, who took early retirement in Jan 1993.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
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'Michelangelo' virus scare ends in an anticlimax
Article Abstract:
The Michelangelo computer virus, a dreaded virus scheduled to wipe out infected hard disks on March 6, 1992, did little harm across the country and around the world. According to reports made by the National Computer Security Association, Certus International Corp and a Wall Street Journal survey, between 20 and 30 companies experienced data loss due to Michelangelo. As a result of the media attention on the virus, most companies detected and destroyed the virus before it could wreak havoc on hard disks. Some minor system problems on March 6 initially appeared to be the result of Michelangelo, but most of these turned out to be simple system errors or power failures.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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High-tech hysteria grips U.S.; Skylab? No, Michelangelo: a celebrity computer virus creates hype and profits; a vaccine called PC-cillin
Article Abstract:
Michelangelo, the computer virus that is programmed to activate on Mar 6, has made news worldwide. Michelangelo is not the only virus that currently poses a threat to the world's computers: it is estimated that as many as 2,000 strains of computer viruses might currently be active. Michelangelo has attracted the attention of news organizations everywhere as the countdown to its activation date proceeds. Companies that make anti-virus software are doing increased business because of the scare. Companies mentioned include McAfee Associates, Central Point Software Inc and Peter Norton Computing Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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- Abstracts: AT&T gets more leeway on business price policies. Bells close in on information services. FCC opens study today of competition within long-distance telephone sector
- Abstracts: Computer firms, menaced by Microsoft, are planning new effort to unify Unix. Silicon Graphics and Siemens enter marketing pact
- Abstracts: IBM shake-up by CEO claims another official; Gerstner's reorganization turns to management; more departures seen
- Abstracts: Chip makers say they won't seek action on Japan. U.S. chip firms seem to lead Japanese ones in sales this year, but experts aren't sure why
- Abstracts: Small business loans: SBA to the rescue. Foreign banking in the U.S. A new (old) idea for small business lending