NCR acquisition is giving Wall Street millions in fees

Article Abstract:

The acquisition of NCR Corp by AT&T brings tens of millions of dollars to Wall Street. Dillon, Read & Co and Goldman, Sachs & Co are among companies that will benefit. NCR paid Dillon $2.5 million as a retainer and agreed to add in a percentage of the final deal, so that Dillon will receive about $18.5 million; and Goldman Sachs was granted similar terms. Morgan Stanley & Co, which served as an investment banking advisor to AT&T, will make about $13.28 million. Morrow & Co, the proxy solicitor that handled special meetings of shareholders for AT&T during the takeover attempt will make $1.7 million. Georgeson & Co, proxy solicitor for NCR, got about $2 million. Considerable amounts of money were also spent for legal services.

Wall Street, Computer Industry, Financing

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NCR to buy data company for $520 million

Article Abstract:

NCR Corp, which is now owned by AT&T, will acquire Teradata Corp, which makes computers that do parallel processing. NCR will pay for Teradata with $520 million of AT&T stock. According to one industry observer, AT&T might someday use parallel processing technology in telephone switching systems, which implies the possibility of advanced digital communications technologies such as picturephones. AT&T already uses Teradata equipment for various purposes. Teradata's computers, such as the DBC 1012, cost as much as $20 million each.

Computer integrated systems design, Supercomputers, Supercomputer, Parallel processing, Massive Parallelism, Teradata Corp., TDAT

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