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James P Manzi

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BUSINESS
June 10, 1995 | JULIE PITTA, TIMES STAFF WRITER
As representatives for both companies hunker down in New York this weekend, it is very likely that the fate of IBM's bid to buy Lotus Development Corp. will be determined by a single man among the many who will crowd that room: Lotus' strong-willed and controversial chairman, James P. Manzi. "If Jim wanted this deal to happen, it would have happened already," said Jeffrey Tarter, editor of Softletter, a Cambridge, Mass.-based industry newsletter. Last Monday, IBM announced a $3.
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BUSINESS
October 12, 1995 | JULIE PITTA, TIMES STAFF WRITER
Lotus Development Corp.'s controversial chief executive, James P. Manzi, resigned abruptly Wednesday, just three months after the PC software pioneer was acquired by IBM Corp. Although Manzi had said at the time of the takeover that he would stay on to lead the company as a division of IBM, few in the software industry were surprised at his quick exit. Manzi denied there was any particular event that caused his departure.
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BUSINESS
October 12, 1995 | JULIE PITTA, TIMES STAFF WRITER
Lotus Development Corp.'s controversial chief executive, James P. Manzi, resigned abruptly Wednesday, just three months after the PC software pioneer was acquired by IBM Corp. Although Manzi had said at the time of the takeover that he would stay on to lead the company as a division of IBM, few in the software industry were surprised at his quick exit. Manzi denied there was any particular event that caused his departure.
BUSINESS
June 10, 1995 | JULIE PITTA, TIMES STAFF WRITER
As representatives for both companies hunker down in New York this weekend, it is very likely that the fate of IBM's bid to buy Lotus Development Corp. will be determined by a single man among the many who will crowd that room: Lotus' strong-willed and controversial chairman, James P. Manzi. "If Jim wanted this deal to happen, it would have happened already," said Jeffrey Tarter, editor of Softletter, a Cambridge, Mass.-based industry newsletter. Last Monday, IBM announced a $3.
BUSINESS
June 9, 1995 | JULIE PITTA, TIMES STAFF WRITER
Lotus Development Corp.'s stock continued to rise Thursday as investors wagered that IBM Corp. will sweeten its $3.3-billion hostile bid for the software company. Lotus shares were up $1.125 to $63.50 on Thursday, well above the $60-per-share price that IBM offered in its surprise bid Monday. But despite Lotus' efforts to recruit another bidder that might enable the firm to remain at least quasi-independent, Wall Street traders said there appears to be no competing offer on the horizon.
NEWS
June 12, 1995 | JULIE PITTA, TIMES STAFF WRITER
The computer software industry's first big hostile takeover battle ended swiftly Sunday when Lotus Development Corp. agreed to be acquired by IBM Corp. for $3.5 billion, or $64 per share--a modest premium over the $60 per share that IBM had offered just six days earlier. In accepting IBM's sweetened offer, Lotus and its strong-willed chairman, James P.
BUSINESS
October 12, 1995 | From Times Wire Services
Stocks ended higher Wednesday, led by technology and transportation issues, but the market posted an indecisive comeback from Tuesday morning's pummeling. "I think probably the fact that we didn't get a better rally than we have gotten after [Tuesday's] sharp reversal may mean that the market's correction is not yet over," said Richard McCabe, Merrill Lynch & Co.'s chief market analyst. The Dow Jones industrial average rose 14.45 points to 4,735.25 after swinging widely throughout the session.
BUSINESS
October 14, 1995 | JULIE PITTA, TIMES STAFF WRITER
Just two days after the abrupt resignation of Lotus Development Corp. Chief Executive James P. Manzi, another of the company's top executives has quit and a third is expected to follow as new owner IBM exerts its control over the PC software pioneer. Robert K. Weiler, Lotus' senior vice president of the desktop software and international sales--and a close ally of Manzi's--resigned Thursday.
BUSINESS
June 12, 1995 | LESLIE HELM, TIMES STAFF WRITER
By quickly and deftly turning a hostile bid for Lotus into a friendly acquisition, IBM Chief Executive Louis V. Gerstner Jr. has successfully negotiated the first of many hurdles in what analysts say will be a protracted effort to stand up to former ally Microsoft in the booming personal computer software business.
BUSINESS
June 13, 1995 | JULIE PITTA, TIMES STAFF WRITER
Only last week, they were predator and prey, but on Monday IBM Chairman Louis V. Gerstner Jr. and Lotus Chairman James P. Manzi were a veritable honeymoon couple, sharing a stage at the Wang Center for the Performing Arts in Boston and assuring 2,200 anxious Lotus employees that their future was bright. "There is no way we can get our $3.5 billion back by downsizing Lotus," Gerstner told the crowd, referring to the price IBM will pay to buy the software company. "We want all parts of Lotus. . .
NEWS
June 6, 1995 | JULIE PITTA, TIMES STAFF WRITER
Signaling in dramatic fashion its determination to compete for computer industry leadership once again, International Business Machines Corp. on Monday launched a surprise $3.3-billion hostile takeover offer for software pioneer Lotus Development Corp. If completed, the acquisition would be the largest ever in the computer software business and would enable IBM to challenge the seemingly unstoppable Microsoft Corp. in key segments of the personal computer software industry.
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