Stratus Computer to buy software firm in opening move of diversification plan

Article Abstract:

Stratus Computer Inc acquires a small specialty software manufacturer, Shared Financial Systems Inc, for $15 million. The purchase is part of Stratus' $100 million diversification investment plan. The fault-tolerant computer manufacturer intends to make acquisitions of and alliances with service and software companies focused on on-line transaction processing. This technology is used for such sensitive areas as airline reservation systems and automated teller machines. The Marlborough, MA, company reports 1992 revenues of $486 million, but as it converts from proprietary operating systems to standard ones, revenues decline. Stratus intends to develop expertise in telecommunications and health care among other industry segments, and the investor has considered over 100 small software companies like Shared Financial Systems.

Mergers, acquisitions and divestments, Online transaction processing, Acquisition, Diversification, Stratus Computer Inc., SRA, Shared Financial Systems Inc.

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Digital's Stone quits to take post at AT&T; top strategist on software was once considered as possible president

Article Abstract:

David L. Stone resigns from his executive position at Digital Equipment Corp, effective Nov 13, 1992, to become head of the software unit of AT and T's Network Systems Group. In 1991, Stone and Robert B. Palmer were both DEC vice presidents who were considered likely candidates to succeed DEC founder and Pres Kenneth H. Olsen. In Jul 1992, DEC's board named Palmer to succeed the retiring Olsen as president and chief executive officer. Since then, Stone has lost power as a result of organizational changes made by Palmer. In his new position, Stone will be in charge of a unit responsible for making communications software for companies that purchase AT and T's telephone network-switching systems and for big corporate customers. Stone, 50, spent 22 years at DEC.

Telephone and telegraph apparatus, Electronic computers, Officials and employees, Appointments, resignations and dismissals, Digital Equipment Corp., DEC, New Appointment, Resignation, AT&T Network Systems, Stone, David L.

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Software firms unite to form policing group

Article Abstract:

Executives of more than a dozen software publishers announce formation of the Software Business Practices Council, which has a mission to reform what its members describe as widespread, misleading and sometimes unethical marketing and accounting practices. A council statement says that such practices 'adversely affect the credibility and health of our industry.' Companies already in the council include: Lotus Development Corp; Cognos Corp; Interleaf Inc; Ashton-Tate Corp; and Sybase Inc. Such firms as Digital Equipment Corp, Hewlett-Packard Co, and Price Waterhouse, an accounting firm, are also expected to join.

Management, Accounting, Marketing, Ethical aspects, Ethics, Professional associations, Trade associations, Trade and Professional Associations, Software Business Practices Council

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