IBM plans to cut 4,500 positions from marketing

Article Abstract:

IBM announces plans to eliminate 4,500 positions from its 85,000-person United States marketing operations, mostly from headquarter staff jobs. This move will help IBM to achieve its stated 1992 goal to reduce its work force of 344,000 by between 15,000 and 20,000. IBM has a no-layoff tradition, and will offer at least one other job to each laid-off employee. However, the company's employee buy-out programs are designed to encourage many to leave. IBM is moving faster than expected to recover from a disastrous 1991 and a disappointing 1st qtr 1992. While IBM's U.S. operations did comparatively well in the first quarter, Europe and Japan, once IBM strongholds, are thought to have done poorly. Analysts generally expect IBM to report earnings of 80 cents to $1 a share, similar to 1st qtr 1991 earnings. Stock prices declined with this news, but later recovered to close at $86.

Electronic computers, Human resource management, International Business Machines Corp., IBM, Profits, Forecasting, Layoffs, Revenue, Layoff, Cost control, Personnel, Strategic Planning, Cost Reduction, Profit, Stock, First Quarter, Work Force Reduction

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Computer group to unveil entry into Unix wars

Article Abstract:

The Open Software Foundation (OSF) releases its own version of the UNIX operating system and though considerably behind schedule, the new software keeps the UNIX world divided over two versions. The other version is one developed between Sun Microsystems Inc and AT and T under Unix International. OSF, a consortia of large computer companies including IBM and DEC, decided it needed to bring out its latest version of UNIX to retain market share. OSF maintains that UNIX is more secure than the AT and T/Sun version, which is a big advantage for an operating system highly vulnerable to hackers. It also maintains that the OSF version of Unix can better handle parallel processing, a developing technology that allows computers to run faster by using more than one processor.

Usage, Product development, Product information, Operating systems (Software), Technological forecasting, Operating systems, UNIX, Operating System, Trends, Future of Computing, Computer Software Industry, Open Software Foundation

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Broderbund expects operating profit to fall below year-earlier results

Article Abstract:

Broderbund Software expects to post a decline in its operating profit for fiscal quarter ending Feb 29, 1996, compared to the 50-cents-per-share earnings recorded during the same period one year earlier. Broderbund has suffered from an inability to bring products to market quickly, and the introduction of Windows 95 has caused a degree of product confusion among its customers. Broderbund expects to post earnings slightly below $10.4 million for the quarter on total revenues of approximately $44 million. Some analysts suggest that the problems are unique unto Broderbund, while others suggest that the company's difficulties are more indicative of an industry-wide stagnation in sales.

Computer Software, Software Publishers, Software, Finance, Company sales and earnings, Broderbund Software Inc., BROD, Company Sales/Revenue, Company Earnings/Profit

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