May 16, 2001 |
Motorola Inc., which last month reported its first quarterly operating loss in 15 years, said it is considering selling its Integrated Information Systems Group, a government communication and information technology business. The world's second-largest mobile phone maker already has cut costs aggressively this year, slashing 22,000 jobs. Analysts say the possible sale of Scottsdale, Ariz.-based IISG was a reassuring sign that Motorola was getting serious about turning itself around.
April 16, 1998 |
Computers and the Internet have dramatically transformed the nation's economy in the last five years, significantly reducing inflation and creating 7.4 million high-paying jobs, according to a Commerce Department report released Wednesday. The report marks the government's most comprehensive look to date at the growth of information technology and puts a dollar figure on the myriad advancements that have become a part of everyday life.
December 15, 2005 |
Defense contractor General Dynamics Corp. moved to bolster its presence in the information technology market, announcing plans Wednesday to acquire Anteon International Corp. of Fairfax, Va., for $2.1 billion. Under the deal, General Dynamics would pay $55.50 in cash for each Anteon share, a 36% premium over Anteon's closing price Tuesday of $40.77. The overall deal is valued at $2.2 billion, including the assumption of $100 million of debt. Anteon shares rose $13.25, or 33%, to $54.02.
December 13, 1996 |
Key countries reached agreement here today on a pact to eliminate tariffs on most products of the world's $1-trillion information technology industry, a step that should benefit California's economy while cutting prices and boosting global production of everything from telephones to computers and CD-ROMs.
December 10, 1996 |
On the opening day of a global trade conference, the United States demanded Monday that an agreement to eliminate most tariffs on the world's $1-trillion information technology industry be concluded by Friday. Otherwise, U.S. officials warned, the chance for a deal might slip away. "We must reach an agreement this week," Acting U.S.
January 28, 2005 |
President Bush prodded doctors and hospitals Thursday to make better use of computers to share patient information, saying the healthcare industry's continued reliance on paper records was inflating costs and undermining care. Participating in a talk-show-style "conversation" with Cleveland-area medical personnel, Bush said the development of a nationwide data-sharing network was an integral part of his agenda for reducing healthcare costs.
May 4, 1994 |
On the heels of a $44-million computer snafu at the state Department of Motor Vehicles, the legislative analyst warned Tuesday that a lack of adequate management controls over state computer systems is producing duplication and waste that undermines the state's $1-billion-a-year computer investment. The report says that the $44 million for a Department of Motor Vehicles computer operation that has no hope of working is only one example of a system operating without proper controls.