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BUSINESS
May 31, 1989 | CARLA LAZZARESCHI, Times Staff Writer
International Business Machines gave its No. 2 executive, Jack D. Kuehler, the title of president Tuesday in a move designed to recognize the one-time engineer's long service to the huge computer company. The switch, company officials said, is not expected to change either IBM's daily operations or the long-range strategy. Kuehler, who holds degrees in electrical and mechanical engineering, rose through the company's technical ranks and joined the board in January, 1986. He has served as IBM's vice chairman since January, 1988, and has been responsible for overseeing IBM's sprawling U.S. operations.
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BUSINESS
May 31, 1989 | CARLA LAZZARESCHI, Times Staff Writer
International Business Machines gave its No. 2 executive, Jack D. Kuehler, the title of president Tuesday in a move designed to recognize the one-time engineer's long service to the huge computer company. The switch, company officials said, is not expected to change either IBM's daily operations or the long-range strategy. Kuehler, who holds degrees in electrical and mechanical engineering, rose through the company's technical ranks and joined the board in January, 1986. He has served as IBM's vice chairman since January, 1988, and has been responsible for overseeing IBM's sprawling U.S. operations.
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BUSINESS
April 1, 1987
International Business Machines on Tuesday elected Kaspar V. Cassani and Jack D. Kuehler executive vice presidents. It said Cassani, 58, would take over most of the responsibilities of Vice Chairman Paul J. Rizzo, 59, who is retiring after 29 years at the computer giant to become dean of the University of North Carolina's School of Business Administration. His retirement is effective Aug. 31.
BUSINESS
February 15, 1990 | From Associated Press
IBM unveiled a line of computer workstations today that experts say should help the computer giant win a stake in an important market it never has mastered. "The opportunity is big. It's growing at over 30% a year, and it's mostly a new opportunity for IBM," President Jack D. Kuehler told a news conference. Kuehler said the new workstations designed for business users "outperform the newest and best that our competitors offer." International Business Machines Corp.
BUSINESS
June 23, 1989 | From a Times Staff Writer
International Business Machines, apparently taking a clear lead over its Japanese competitors in the memory chip race, plans to begin shipments shortly of products equipped with a powerful new generation of semiconductors. The chips can handle 4 million bits of information, four times as much as any existing chip in commercial use. IBM expects to begin shipping products with the 4-megabit chips in a month or shortly thereafter, said company President Jack D. Kuehler in an interview with The Times.
BUSINESS
January 29, 1988
1983 February: John F. Akers named IBM's president. Akers becomes chief executive in February, 1985, and chairman in June, 1986. 1986 January: IBM reports that its 1985 net income fell to $6.55 billion from $6.58 billion in 1984. May: The company's directors authorize repurchase of 10 million common shares, the first in a series of major stock buybacks.
BUSINESS
August 2, 1991 | From Associated Press
International Business Machines Corp. said Thursday that it realigned the reporting structure among top executives to eliminate a management layer and to allow its personal computer and minicomputer businesses to respond more quickly to market changes. "These changes will allow increased focus on key areas of our business, further reduce structure and speed our response to the marketplace," IBM Chairman John F. Akers said in a statement.
CALIFORNIA | LOCAL
September 18, 1998 | From Times Staff and Wire Reports
Reynold B. Johnson, known as the father of the computer disk drive and a prolific inventor whose patents ranged from a type of videotape to talking books, died in San Jose on Tuesday of cancer. He was 92. Johnson led the IBM laboratory in San Jose that in 1956 developed a way to store computer data on a metal disk instead of tape or a drum.
BUSINESS
January 28, 1988 | From Reuters
International Business Machines, apparently unsatisfied with its financial performance, is planning to reshuffle its top management and name a new president, industry analysts said Wednesday. But an IBM spokesman called the reports "speculation filled with error." He added, "It's rumor and we won't participate in speculation." The changes at IBM predicted by analysts, in which some key executives would be reassigned and others promoted, could be announced as soon as today, sources said.
BUSINESS
October 4, 1989 | JAMES FLANIGAN
Is IBM a good investment? That's a question that many people are asking as the computer giant's stock closed Tuesday at $106 a share, about as low as it got when the market crashed two years ago. IBM stock has fallen $10 a share in the past week, the equivalent of $6 billion in market value, because the company said third-quarter earnings won't measure up to Wall Street expectations.
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