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New Lotus Software Set to Debut: Lotus Development is...

June 20, 1989

New Lotus Software Set to Debut: Lotus Development is expected to announce that its new computer program, called Release 3 of Lotus 1-2-3, is ready to debut after three years of delays and tens of millions of dollars in development costs. "I think I'll consider putting a gun to my head if we don't make it this time," Jim Manzi, chairman of the Cambridge, Mass.-based company, declared last week. A key feature of the new software is the ability to display data in three dimensions. Lotus stock closed at $26 a share, close to its 52-week high of $26.75

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