Toshiba plans to launch line of disk drives
Article Abstract:
Toshiba Corp has announced plans to deliver a new line of 2.5-inch computer hard disk drives with double the storage capacity of existing 2.5-inch products. Sample shipments are slated to begin Oct 1, 1990, with mass availability in Apr 1991. The announcement sent the stock prices of its competitors down, with Conner Peripherals Inc's stock falling $1.625 a share down to $20.625, Seagate Technology's stock declining 37.5 cents a share to $8.125 a share and Quantum Corp's shares tumbling $1.125 a share to $16.50 a share. Toshiba's announcement represents a trend in the industry to make smaller and more powerful drives for the popular laptop computer. Conner is expected to fend off Toshiba with its planned announcement of a 2.5-inch drive in Oct 1990 that will be more powerful than Toshiba's.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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Conner names new president, operating chief
Article Abstract:
Conner Peripherals Inc names David T Mitchell as president and chief operating officer. Mitchell previously held both positions at competitor Seagate Technology Inc, and replaces outgoing Pres William J Almon, who will remain with Conner as a vice chairman. Mitchell and Conner Chmn and CEO Finis Conner were among the group of founders at Seagate. Both seagate and Conner ar in strong financial positions, although Conner is viewed by industry observers as the stronger firm. Mitchell is considered a manufacturing expert and an intense competitor. Mitchell was bound by the terms of his severance agreement with Seagate not to work in the computer storage industry for one year and Conner hired him immediately after the waiting period had expired.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1992
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Cell-phone hazard: little privacy in billing records
Article Abstract:
Wireless communications companies have come under fire by customers for disclosing their cellular phone records to law enforcement officers without their permission. Traditionally, long distance customers have been notified if an agency has subpoenaed their records, but since the breakup of the Bell Systems, some wireless phone companies have not notified their customers because they have a no-notice provision in their customer contracts. However, cellular users are not always aware of this until their records have already been disclosed. The wireless phone industry defends its stance by saying that if they refuse to disclose this information they will become parties to lawsuits which will greatly interfere with their conduct of business.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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