IBM's first true notebook computer to be launched, industry sources say
Article Abstract:
IBM will introduce its first notebook computer on Feb 25, 1992. The product, which will weigh 6.2 pounds, is built around an Intel 80386SX microprocessor. It will come with 2Mbytes of system memory and a 40Mbyte hard-disk drive. It is expected to list for about $2,500, which means it might retail for as little as $1,800. IBM recently arranged a technology-sharing agreement with Compagnie des Machines Bull of France, also known as Groupe Bull, and part of the agreement specifies that IBM will sell Zenith Data Systems' portable computers. Zenith Data Systems is a US subsidiary of Groupe Bull. An IBM executive says that the agreement with Bull does not mean that IBM itself is giving up on the portable market. The IBM spokesperson points out that IBM does not have a 386SL machine under development, but Zenith Data already manufactures such a machine. Portable products based on the 386SL chip are especially popular because the chip's low power requirements can as much as double a computer's battery life.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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Unisys seeks $400 million from banks
Article Abstract:
Unisys Corp, the world's third largest computer maker, is seeking $400 million from its bankers to avert a possible cash squeeze caused by pressing debts and other expenses. Unisys is currently about $3 billion in debt, $500 million of which are owed to foreign banks on a short-term basis, meaning that the money must be paid upon demand. Also needing funding is Unisys' $1.1 billion restructuring plan presently underway, as well as the company's fourth quarter inventory boost which is needed to meet the usual heavy demand at that time. Unisys presently has $683 million in cash, and has been canvassing for the additional $400 million, using as collaterals its intellectual property rights and stock in foreign subsidiaries.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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