Sony to stir computers into its traditional product mix
Article Abstract:
Sony plans to enter the PC market and will rely heavily on its Sony Electronics div to lead the way. Sony executives foresee a merging of computers and consumer electronics. In addition to a Sony-branded PC, the company sees possibilities in combining PCs with camcorders or pagers. Sony Electronics, which earns $9 billion in annual sales and employs about 17,000 employees in 100 facilities in the US, will gain more responsibility for product development, since it is familiar with the US market, which sets consumer trends. Sony already sells computer monitors and invented the 3.5-in floppy disk and helped invent the CD-ROM. Sony executives believe the company's strengths lie in this experience, along with industrial design expertise and brand recognition. Sony will have to overcome the narrow margins of the PC industry, and some competitors believe the company is coming to the PC market too late to succeed.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1996
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I.B.M. to announce changes in executive ranks today
Article Abstract:
IBM plans to reorganize its management so it can enhance the importance of its software business and its position within the global marketplace. The reorganization effort follows the resignation of Sr VP Ellen Hancock who was in charge of the company's software solutions and networking systems division. Industry analysts report that IBM Chmn and CEO Louis V. Gerstner Jr. was displeased with the performance of the $11 billion division. John Thompson, the senior vice president and group executive of the operating systems development group will take over Hancock's position, while Nicholas M. Donofrio, the general manager of large-scale computing, will take over Thompson's old position. The company will also reorganize the marketing and services parts of the company if Robert J. LaBant resigns as expected.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1995
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Hewlett plans to split in 2 in revamping; an effort to compete in a more focused way
Article Abstract:
HP plans to split into two separate companies. One company will sell computers and peripherals and the other will focus on medical technology products and electronic test equipment. The plan is to allow both companies to focus on core businesses which will stimulate growth and foster more effective competition. The computer company will retain the HP company name and a new name will be given to the electronic test and medical equipment company. An initial public offering is planned for 15% of the electronic test and medical equipment company's outstanding stock. Lewis E. Platt will remain CEO of HP until the split is completed. The computer company hopes to capture significant market share in more areas than the computer-printer market.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1999
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