April 4, 1991 |
Can a nation that worships Jerry Lewis and Mickey Rourke really teach America a thing or two about industrial policy? Mais oui, mon ami . . . particularly if you're interested in how not to do it. Consider Groupe Bull, France's state-sponsored computer giant. To call Bull the "Jerry Lewis of global computing companies" would be unfair. For one, Lewis is a much better performer. For another, he has never cost French taxpayers billions of francs.
May 20, 1992 |
IBM to Buy 5.68% of French Computer Maker: IBM Corp. will purchase the stake in the parent company of France's state-owned computer maker, Groupe Bull, for $101.6 million, the group said. IBM's purchase of the stake in Cie des Machines Bull will close at the end of June, following Bull's planned $377-million recapitalization, Groupe Bull Chairman Francis Lorentz said at a news conference.