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Jim Manzi

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BUSINESS
June 20, 1989
New Lotus Software Set to Debut: Lotus Development is expected to announce that its new computer program, called Release 3 of Lotus 1-2-3, is ready to debut after three years of delays and tens of millions of dollars in development costs. "I think I'll consider putting a gun to my head if we don't make it this time," Jim Manzi, chairman of the Cambridge, Mass.-based company, declared last week. A key feature of the new software is the ability to display data in three dimensions. Lotus stock closed at $26 a share, close to its 52-week high of $26.75
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BUSINESS
September 3, 1997 | Bloomberg News
Nets Inc.'s creditors' committee sued Jim Manzi, the former Lotus Development Corp. head who founded the Boston-based start-up, saying his claims to about $1.43 million in loans before the start-up went bankrupt shouldn't be paid before their claims. The suit, filed in the U.S. Bankruptcy Court for the District of Massachusetts, asks that Manzi's claims be disallowed or reduced. The suit objects to Manzi's classification of his advances as secured loans.
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BUSINESS
January 24, 1996 | From Associated Press
Jim Manzi, chairman of Lotus Development Corp. when it was acquired by IBM Corp., has ended a 3 1/2-month stint of unemployment by becoming president and chief executive of a company that develops online marketing for businesses. Manzi said Tuesday that he decided to drop plans for a longer sabbatical and join Pittsburgh-based Industry.Net Corp. after considering several career possibilities.
BUSINESS
May 10, 1997 | From Times Wire Services
Internet commerce company Nets Inc., led by former Lotus Development Corp. Chief Executive Jim Manzi, said Friday that it filed for bankruptcy protection because it could not get enough long-term financing. The company said it will shut down most of its operations but will maintain its Industry.net Web site as it examines its options for reorganizing under Chapter 11 of the federal bankruptcy laws. Formed through the merger of AT&T Corp.'s new media services and Industry.
BUSINESS
September 3, 1997 | Bloomberg News
Nets Inc.'s creditors' committee sued Jim Manzi, the former Lotus Development Corp. head who founded the Boston-based start-up, saying his claims to about $1.43 million in loans before the start-up went bankrupt shouldn't be paid before their claims. The suit, filed in the U.S. Bankruptcy Court for the District of Massachusetts, asks that Manzi's claims be disallowed or reduced. The suit objects to Manzi's classification of his advances as secured loans.
BUSINESS
May 21, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
The biggest merger in software industry history fell apart over the weekend when executives of Lotus Development and Novell Inc. could not agree on the number of directors each side should have in the combined company. Billed as a merger of equals, the nearly $1.5-billion stock swap would have created one of the nation's largest computer software companies, making it a formidable competitor to industry leader Microsoft of Redmond, Wash.
BUSINESS
May 10, 1997 | From Times Wire Services
Internet commerce company Nets Inc., led by former Lotus Development Corp. Chief Executive Jim Manzi, said Friday that it filed for bankruptcy protection because it could not get enough long-term financing. The company said it will shut down most of its operations but will maintain its Industry.net Web site as it examines its options for reorganizing under Chapter 11 of the federal bankruptcy laws. Formed through the merger of AT&T Corp.'s new media services and Industry.
BUSINESS
May 10, 1997
The Royal Canadian Mounted Police formed a special fraud squad to probe the Bre-X Minerals Ltd. scandal, while the mining company's ousted exploration chief, John Felderhof, issued a statement saying he was unaware of any fraud at the Indonesian site. . . . Internet commerce company Nets Inc., led by former Lotus Development Corp. Chief Executive Jim Manzi, said it filed for Chapter 11 reorganization under the U.S. Bankruptcy Code because it could not get enough long-term financing.
BUSINESS
December 6, 1991 | From Times Staff and Wire Reports
Lotus to Cut Up to 400 Positions: Lotus Development Corp. said it will cut about 10% of its work force and consider moving its Cambridge, Mass., headquarters to reduce expenses. The software maker will take a one-time charge of up to $18 million to cover the costs of the layoffs, which involve 300 to 400 jobs. President Jim Manzi said Lotus expects strong revenue growth in 1992 after a projected 20% increase this year.
BUSINESS
April 8, 1986
Lotus Development Corp., Cambridge, Mass., said President Jim Manzi has been named to the additional post of chief executive, succeeding Mitchell D. Kapor, who continues as chairman. Kapor, who founded the software maker, will work full time on new product design, new business opportunities and corporate strategy, the company said. Kapor said Manzi's new title represents "a formalization of the way Jim and I have been working together." Manzi joined Lotus in 1983.
BUSINESS
January 24, 1996 | From Associated Press
Jim Manzi, chairman of Lotus Development Corp. when it was acquired by IBM, has ended a 3 1/2-month stint of unemployment by becoming president and chief executive of a company that develops online marketing for businesses. Manzi said Tuesday that he decided to drop plans for a longer sabbatical and join Pittsburgh-based Industry.Net Corp. after considering several career possibilities. "My fixation has always been on the business marketplace, not the consumer marketplace," Manzi said.
BUSINESS
May 21, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
The biggest merger in software industry history fell apart over the weekend when executives of Lotus Development and Novell Inc. could not agree on the number of directors each side should have in the combined company. Billed as a merger of equals, the nearly $1.5-billion stock swap would have created one of the nation's largest computer software companies, making it a formidable competitor to industry leader Microsoft of Redmond, Wash.
BUSINESS
June 20, 1989
New Lotus Software Set to Debut: Lotus Development is expected to announce that its new computer program, called Release 3 of Lotus 1-2-3, is ready to debut after three years of delays and tens of millions of dollars in development costs. "I think I'll consider putting a gun to my head if we don't make it this time," Jim Manzi, chairman of the Cambridge, Mass.-based company, declared last week. A key feature of the new software is the ability to display data in three dimensions. Lotus stock closed at $26 a share, close to its 52-week high of $26.75
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