A top Hewlett official is named Octel chief

Article Abstract:

Douglas C. Chance, 48, is named president and chief executive officer (CEO) of Octel Communications Corp. Chance, who was an executive at computer maker Hewlett-Packard Co, replaces Robert Cohn, who will stay on as chairman. Octel recently reached the $100 million level in annual revenue and decided to bring in someone who has experience managing large corporations. Octel, based in Milpitas, California, was co-founded in 1982 by Cohn and specializes in making computerized telephone answering and routing systems. The company reached sales of $127.8 million and a net income of $17.7 million for the fiscal year ending Jun 1990. The earnings represent a 50 percent increase over the same period in 1989.

Telephone and telegraph apparatus, Electronic computers, Telecommunications equipment industry, Appointments, resignations and dismissals, Hewlett-Packard Co., HWP, Chief executive officers, New Appointment, Chance, Douglas C., Lucent Technologies Inc. Octel Messaging Div., OCTL

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Apple technologists forming new venture

Article Abstract:

Bill Atkinson and Marc Porat, both high ranking researchers for Apple, will be leaving the company to join another former Apple employee Andy Hertzfeld, and the three will form General Magic Inc. Apple will hold a minority interest in the new firm, and Apple's chief executive John Sculley will hold a seat on the board. The new firm will manufacture 'personal intelligent communicators', which are believed to be handheld devices that store appointments and information, and can transmit information either over phone lines, or through the air. The three have left Apple because the product falls outside of Apple's main product line.

Communications Equipment, Management, AAPL, Hertzfeld, Andy, Spinoffs (Corporate), Apple Inc., New Company, Spinoff Company, Atkinson, Bill, Porat, Marc, General Magic Inc.

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