Novell agrees to buy AT&T's Unix System
Article Abstract:
The competition between Novell Inc and Microsoft Corp heats up as Novell acquires AT&T's Unix System Laboratories and gains control of the Unix operating system. Novell acquired the AT&T subsidiary for about $360 million in stock while AT&T, who has long wanted to exit the operating system field, got a 3 percent stake in Novell. Unix System's other shareholders get a 1 percent stake in Novell, the second largest microcomputer software publisher. Novell's shares went down by $1.50, at $27.25, on the day the acquisition was announced. There was concern that the company paid too much for Unix Systems; analysts, however, said that the company obtained a proven technology, an experienced development organization and a growing business. Novell's move is particularly significant because Microsoft will introduce its Windows NT operating system in 1993. Windows NT is designed to compete with Unix.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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Borland agrees to acquisition of Ashton-Tate; all-stock offer, to create software powerhouse, valued at $440 million
Article Abstract:
Borland International Inc agrees to purchase Ashton-Tate Corp for $440 million, or $17.50 per share in stock. The deal transforms Borland into a leading contender in the computer software industry, ranking with Novell Inc and Lotus Development Corp in pursuit of the industry's leader, Microsoft Corp. The acquisition also places Borland in a leading position in data base management software. Recent successes at Borland are attributed, in part, to the unorthodox and bold management style of its founder and CEO Phillipe Kahn. In his offer for Ashton-Tate, Kahn startled industry observers with a share price that represents a 55 percent premium above recent trading. Borland's stock closes down 42.25, at $47.375. And Ashton-Tate's is up $4.625, closing at $15.875.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Symantec to buy Peter Norton, software concern
Article Abstract:
Software publisher Symantec Corp has agreed to buy software publisher Peter Norton Computing Inc for about $70 million in stock. This move is seen as evidence of small computer software firms consolidating to compete in the market. Shareholders of Peter Norton will receive 2.9 million shares of Symantec. Symantec had a $50 million in sales for fiscal quarter ending Mar 31, 1990. The combined company will be the leading supplier of utility software programs.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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