Parallel processing computers attract crowd of investors despite limited uses
Article Abstract:
There is increasing interest in massive parallel processing, an approach to computer design that promises vast performance improvements at lowered costs. More than a dozen start-up companies are committed to the market, and major computer companies, too, are involved. The technique employs many small processors working together on many parts of a problem simultaneously. There are few commercial uses so far, and industry observers expect that many companies will fail as companies scramble for a market. Two companies already look successful: Thinking Machines Inc, of Cambridge, MA, expects revenue of $60 million in 1990 and is expanding beyond its government and defense-related businesses into commercial areas; and Teradata Corp, of Los Angeles, builds large database computers for commercial markets.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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NCR Corp. stock soars $24.75 to $81.50 on a $6.03 billion offer from AT&T
Article Abstract:
NCR Corp stock soars $24.75 a share and closes at $81.50 a share on Dec 3, 1990, after AT and T announces a bid for the computer maker at $90 a share. AT and T states that it is determined to complete the transaction and industry observers believe that NCR will succumb to an offer if it is sweetened to $100 a share or more. The NCR stock remains below the $90 a share bid because of doubts by investors that the deal will go through; NCR indicates it wants AT and T to leave it alone, preferring independence. NCR steps up public relations and emphasizes the history of soured computer mergers and the fact that AT and T has failed at its own computer business.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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NCR Corp.'s stock price jumps 12% on possible combination with AT&T
Article Abstract:
NCR Corp stock jumps 12 percent on rumors that the company will combine computer operations with AT and T. NCR stock gains $5.875 a share to close at $53.875 and AT and T stock falls 50 cents to close at $33.125 a share on Nov 8, 1990. Investors express concern over AT and T's foray into computers and note that its status as a secure stock would diminish if it were to enter the cyclical business of the computer industry. Observers note that AT and T would need to retain an equity stake if it spins off its computer business to NCR. AT and T's 48 percent debt ratio would be substantially increased, to the chagrin of investors, if it agrees to acquire NCR.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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