Picturetel in project with I.B.M.; companies make deal to market systems for video conferences

Article Abstract:

IBM and PictureTel Corp agree to jointly market a videoconferencing system that is based on IBM's microcomputers. The companies will use the IBM PS/2 and the OS/2 operating system to make $15,000 systems that will allow telephone callers to see one another on their computer screens. The companies say the system will be as easy to use as the telephone itself. Current videoconferencing technology uses television monitors, video cameras and microphones and systems cost $20,000 to $100,000. The IBM-PictureTel system will be available in late 1992 or early 1993, and the price should drop $5,000 after five years. Prototype systems will be tested on up to 100 IBM executive offices and in corporate customer sites. At news of the announcement, PictureTel stock rose $2.50 to $40.50.

Communication services, not elsewhere classified, Usage, Product development, Telecommunications services industry, Telecommunications industry, PictureTel Corp., PCTL, Videoconferencing, IBM PS/2 (Intel-compatible system), Marketing Agreements, OS/2 (Operating system)

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I.B.M. Shrugs Off Loss of a Contract It Once Flaunted

Article Abstract:

J.P. Morgan Chase has announced that is abandoning a contract that it made two years ago to outsource data processing to IBM.

United States, Commercial Banks, Contracts & orders received, Management dynamics, Contracts & orders let, Banking industry, Management, Microcomputer industry, Contract agreement, Company business management, JPM, JPMorgan Chase & Co.

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