December 21, 1993 |
Ameritech Corp., in the latest investment by a regional Bell operating company outside its core telephone business, has agreed to pour $472 million into the information services unit of General Electric Co. Under the definitive agreement announced Monday, Chicago-based Ameritech will buy a four-year note in GE Information Services, a fast-growing unit of the Fairfield, Conn.-based manufacturer that had sales of $600 million last year.
April 10, 1996 |
Aiming to speed the transformation of the Internet from a haven for techies into a useful tool for businesses, Netscape Communications Corp. and General Electric Information Services today will announce the formation of a joint venture targeting electronic commerce. Actra Business Systems L.L.C., as the new company will be called, is to be funded equally by Netscape and GE, though neither side would disclose the amount of their investment.
October 5, 1988
Joe M. Henson is stepping down as president and chief executive of Prime Computer and will be succeeded by former General Electric executive Anthony Craig. Henson, 55, has been Prime's chief executive since 1981. The Natick, Mass.-based company, which became the second-biggest maker of computer-aided design and manufacturing systems with its acquisition of Computervision Inc. in February, did not give any reason for his departure.
November 7, 1997 |
Netscape Communications Corp., continuing its efforts to evolve into a business software company, said it agreed to buy out General Electric Co.'s stake in their electronic commerce joint venture, Actra, for about $56.1 million in stock. Under terms of the agreement, Netscape will issue 1.7 million of its shares to GE Information Services for its 50% stake in the 2-year-old venture. Based on Netscape's closing stock price of $33, after gaining 6 cents, the transaction would be worth about $56.
August 11, 2000
John Theron is the new vice president of product development for OhGolly.com in Newport Beach. Theron had been director of product marketing at Wonderware Corp. * Duane Bradley has joined Shea Properties in Aliso Viejo as development manager. He had been vice president of construction for ConAm Management. Bradley has also been a senior consultant at Pinnacle One Consulting and a consultant at J.R. Bardin Co. * Jerry Levy has been appointed vice president of marketing for BAX Global in Irvine.
April 24, 1989 |
The Quaker Oats Co. isn't quite sure how many electronic mail systems it has. Perhaps as many as two dozen are scattered around the $5-billion company's offices and facilities, most of them small networks that allow people in one division to communicate electronically with each other, but not necessarily with fellow workers down the hall. Electronic mail, also known as "E-mail," made its first appearance at the food and toy company in 1986 and has since proliferated fast. In general, that has not been due to any grand scheme devised by headquarters.