November 3, 1995 |
The other shoe finally dropped at AST Research Inc. on Thursday as beleaguered co-founder Safi Qureshey said he will step down as chief executive officer in favor of former Apple Computer executive Ian Diery. In addition, AST said it reached a tentative agreement with partner Samsung Electronics under which the Korean electronics giant will provide up to $100 million in credit to AST in return for control of the board of directors and an increase in its 40% stake in the company.
January 25, 1996 |
Signaling that it has yet to pull out of a financial free fall, personal computer vendor AST Research Inc. on Wednesday reported a loss of nearly $129 million for its second quarter ended Dec. 30, along with an ominous drop in sales. That compares to a loss of $21.7 million a year earlier and marks the company's sixth consecutive losing quarter, bringing accumulated losses to a whopping $323.8 million.
May 29, 1994 |
Despite a historic legislative effort to hold down towering salaries, the pay of top executives at California's biggest public companies thrust upward with tremendous force in 1993. This isn't to say executive pay hasn't changed. It has, in major ways. Pay is now much more related to a company's performance. And the elements that make up an executive's compensation package are far more complex. But in terms of overall magnitude, the numbers just keep getting larger. Consider: * Michael D.
April 17, 1993 |
In the world of personal computers, CD-ROM devotees were like fans of the old Brooklyn Dodgers: their motto was always, "Wait till next year." Though widely touted as the centerpiece of next-generation "multimedia" computers, the poor cousin of the music CD has been stymied by high prices, inadequate technology and standards battles from the day it was introduced in 1984. Not anymore. Over the last six months, sales of CD-ROM drives have soared.
March 27, 1996 |
Most of the top executives who left the flailing AST Research Inc. over the last six months have landed solidly on their feet at other Orange County companies, some with new, ego-boosting titles. Bruce Edwards, 42, who was executive vice president and chief financial officer at the Irvine computer company, has become chief executive at nearby Milcom International Inc., which supplies power amplifiers to the wireless communications industry. Similarly, former AST President James T.
March 26, 1996 |
Most of the top executives who left the flailing AST Research Inc. over the last six months have landed solidly on their feet at other Orange County companies, some with new, ego-boosting titles. Bruce Edwards, 42, who was executive vice president and chief financial officer at the Irvine computer company, has become chief executive officer at nearby Milcom International Inc., which supplies power amplifiers to the wireless communications industry. Similarly, former AST president James T.
January 31, 1997 |
Samsung Electronics Co., the Korean giant that has come to the financial rescue of AST Research Inc. repeatedly in recent years, made a $469-million bid Thursday to acquire the computer manufacturer outright. Saying that it could not "continue to pour money, technology and management resources into Irvine-based AST without having direct control," Samsung offered to buy all of the company's outstanding shares for $5.
March 10, 1994 |
Apple Computer Inc.'s launch next Monday of a new line of Macintoshes using the nimble PowerPC chip will put the company on the threshold of a dream--or a marketing disaster. The move marks a treacherous turning point for the maker of the venerable Mac, now more than a decade old and showing signs of wear. To salvage its tarnished image as a leading-edge personal computer company, industry observers say, Apple needs a high-powered winner on which to stake its future.
December 24, 1995 |
DreamWorks SKG's "studio for the 21st century" won't be up and running in Playa Vista for several years, but 1996 will bring our first glimpses of movies and TV shows from the vaunted trio of Steven Spielberg, Jeffrey Katzenberg and David Geffen. The real question is: Can the fare possibly live up to the hype?