IBM reports record $4.97 billion loss for 1992
Article Abstract:
IBM reported on Jan 19, 1993, a 1992 loss of $4.97 billion, the largest loss in a single year by any corporation in the US. The loss resulted from a 4th qtr deficit of $5.46 billion, the largest quarterly loss in US corporate history. IBM lost $2.86 billion in 1991.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
Prepackaged software, Computer industry, Finance, International Business Machines Corp., IBM
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
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AT&T to buy McCaw for $12.6 billion
Article Abstract:
AT&T responded to intense competition in the telecommunications industry and a need for expansion by entering into a $12.6-billion stock deal to acquire McCaw Cellular Communications Inc. The deal will be the fourth-largest takeover in the US if it is approved.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
Radiotelephone communications, Television broadcasting stations, Telephone communications, exc. radio, Functions related to deposit banking, Misc. business credit institutions, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, T, American Telephone and Telegraph Co., AT&T Wireless Services Inc., MCWA
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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