March 3, 1997 |
When Chairman and Chief Executive Michael Bonsignore enters his spacious office at Honeywell Inc., he doesn't have to switch on the lights. They come on automatically whenever someone enters the room. Bonsignore also doesn't have to worry about dry winter air damaging his totem pole or tribal masks carved by natives of British Columbia and Alaska. The corporate offices are humidity controlled.
July 28, 1996 |
One of the oddball counterpoints to the currently gyrating stock market is the constant stream of comment from market experts about "technology" and the "direction of the U.S. economy." Anybody who knows the real environment in which U.S. business operates these days can see that the market gurus know next to nothing about "technology" or the U.S. economy. That real environment has changed in recent years in the scope of its operations and the application of technology.
July 9, 1996 |
Litton Industries Inc. said Monday that it won another round in its historic billion-dollar litigation with Honeywell Inc. over rights to a product used in guiding commercial jetliners. Litton, a Woodland Hills-based aerospace electronics concern, said a federal appeals court reinstated a jury's finding that Honeywell infringed Litton's patent on a process to coat mirrors in the navigational product, called a ring laser gyroscope.
March 1, 1996 |
A federal jury in Los Angeles late Thursday ordered Honeywell Inc. to pay $234 million in damages to Litton Industries Inc. for monopolizing the market for a product used in guiding commercial jetliners--a sum that would automatically be tripled to $702 million under U.S. antitrust law. Honeywell, saying it was "surprised and extremely disappointed" by the jury's verdict, said it would immediately appeal the decision.
January 10, 1995 |
A federal judge in Los Angeles threw out a jury verdict Monday that had ordered Honeywell Inc. to pay Litton Industries Inc. a record $1.2 billion for alleged patent infringement. The award, the largest in U.S. patent history, evaporated because U.S. District Judge Mariana R. Pfaelzer declared Litton's patent invalid after hearing additional evidence following the August, 1993, jury verdict.
June 21, 1994 |
Controls giant Honeywell Inc. has agreed to acquire a Thousand Oaks engineering and software firm, Profimatics Inc., for a reported $17 million. Profimatics, now a subsidiary of Computer Task Group Inc. of Buffalo, N. Y., specializes in producing automated systems for oil refineries. Honeywell, based in Minneapolis, plans to rename its acquisition Honeywell Profimatics and make it part of its industrial controls business, headquartered in Phoenix. The deal is subject to regulatory approval.