May 22, 1996 |
Torrance-based International Technology said it has been awarded a $325-million Total Environmental Restoration Contract by the Army Corps of Engineers. . . . Premark International is poised to spin off Tupperware Corp., which had 1995 sales of $1.36 billion. . . . Woolworth said it will close its 109-store Accessory Lady chain by the end of September. . . . International Business Machines introduced a notebook computer that is slightly more than an inch thick and weighs 4.
April 24, 1994 |
After an Aeromexico jetliner collided with a light plane over Cerritos in 1986--one of the deadliest air disasters in Southern California history--government safety investigators pinpointed an unlikely cause: the U.S. air traffic control system. The crash came as the government was in the early stages of developing a state-of-the-art computer system that was supposed to let controllers better handle air traffic in the nation's increasingly crowded skies.
March 21, 1994 |
Lee Dayton was anxious. It was early 1993, and IBM was bleeding red ink. Dayton, IBM's manager of real estate, ordered his staff to slash expenses for office space. They quickly responded, moving four employees into one wastefully big office. His. "I told my team that we'd better make an example of ourselves," the manager recalled, grinning. "They came up with a plan which required me to evict myself." Dayton's transfer to a smaller office in Stamford, Conn.
November 28, 1992 |
Digital Equipment to Cut 6,000 Jobs: The computer maker expects to cut up to 6,000 jobs in the current quarter that ends in December, part of a previously disclosed plan to dramatically shrink the company's payroll. Robert B. Palmer, president of the money-losing firm, has already said that Digital eventually expects to reduce its work force to under 90,000 employees over the next few years. Digital, based in suburban Maynard, Md.
July 24, 1992 |
Slowly but surely, International Business Machines--the company once known for it white-shirted, blue-suited ways--is loosening its tie. The latest evidence: Big Blue, which once permitted only the most up-market of retailers to handle its products, will sell personal computers on--egads!--the Home Shopping Network. Granted, the cable TV channel will be handling only a discontinued laptop computer, the L40 SX, a slow seller since its introduction early last year.
July 15, 1992 |
There are reflections of the economic policies favored by Democratic presidential candidate Bill Clinton in the newly announced research collaboration among IBM, Toshiba of Japan and Siemens of Germany. But to understand that, you have to get past suggestions that the peaceable kingdom is at hand, with lions lying down with lambs, just because semiconductor and computer companies are making deals across borders and oceans.