CALIFORNIA | LOCAL
August 7, 1996
On Thursday, the federal government opens a new era in the way it acquires and uses modern computers and other information technology. This is a welcome moment because the government--the world's largest buyer and user of computers and related equipment--has done a pretty poor job in this regard. There are several noteworthy examples.
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.
February 27, 2013 |
Good news for local entrepreneurs: Tech Coast Angels' Los Angeles branch has launched a program to fund start-ups in 30 days or less. Michael Green, president of the L.A. branch of Tech Coast Angels , said the Screening2Deal in 30 Days program would speed up the process to get start-ups off the ground. The move is also designed to raise TCA's profile among entrepreneurs, who often seek out funding from more well-known investors or accelerators in the area, he said. "It was taking too long and the reputation unfortunately was these guys are old and slow," Green said of TCA. "We were getting plenty of deal flow -- we get 1,000 [applications a year]
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.