Silicon Graphics to lay off up to 1,500, sell or spin off units, including Cray
Article Abstract:
A planned restructuring is announced by Mountain View, CA-based Silicon Graphics Inc. (SGI) CEO Richard E. Belluzzo. Hired last year, Belluzzo has announced the elimination of up to 1,500 employees (or 17% of the company's work force), the planned sale of the Cray Research super computer unit, an increased commitment to the Linux operating system, the establishment of a broadband Internet technology unit and the hand-off to an unnamed computer company of the development of its Intel and Microsoft-based Windows NT computer. Layoff numbers could eventually reach 9,000 employees as the various divestments are completed. SGI, known for its graphics-based computers, was losing market share on the high end to Sun Microsystems Inc. and other competitors and on the low end to generic PC manufacturers. The restructuring is intended to re-focus the company's plans to chase the graphics, Internet and high-performance computing markets with MIPS-architecture microprocessors and the Linux operating system playing major roles.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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Why prepping mainframes for 2000 is so tough
Article Abstract:
Mainframe programmers are facing an overwhelming task in fixing older applications before the year 2000. These applications employ just two digits to store dates, which means when the year 2000 rolls around it will be displayed as 00, which the computers will interpret as the year 1900 instead of 2000. This error could cause data-processing problems that could overwhelm the mainframes and shut down the company's operations. Many companies have applications that date back to the 1960s and involve tens of millions of lines of code. Programmers must now identify these problems and repair all code that deals with dates. Most companies have begun to deal with this problem, which could take several years to cure, but some have delayed action and could be facing a financial catastrophe at the turn of the century.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Hewlett-Packard names Ann Livermore to head revamped business operation
Article Abstract:
HP has selected Ann M. Livermore to head its newly formed Enterprise Computing Solutions Organization, which is designed to handle corporate computer sales. The promotion represents a signal from HP's board that Livermore is at least among the front runners to succeed 57-year-old Chmn and CEO Lewis E. Platt, who will reach company retirement age by 2001, according to company insiders. Livermore will oversee approximately one-third of both company revenue and an equal percentage of HP's 127,000-person payroll. The 40-year-old Livermore said the new operation will seek to narrow the marketing gap between HP and rivals Sun Microsystems and IBM. Enterprise Computing Solutions Organization has been formed through the combination of formerly separate HP hardware and software sales organizations.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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