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BUSINESS
December 21, 1988 | DAVID OLMOS, Times Staff Writer
Prime Computer plans a major overhaul that will include as many as 1,000 layoffs as the computer maker tries to stave off a $970-million hostile takeover bid by MAI Basic Four of Tustin. The planned corporate shake-up, which involves combining the worldwide marketing and sales organization of Prime and its Computervision subsidiary, was announced to Prime employees in general terms in an internal memo earlier this month.
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BUSINESS
December 21, 1988 | DAVID OLMOS, Times Staff Writer
Prime Computer plans a major overhaul that will include as many as 1,000 layoffs as the computer maker tries to stave off a $970-million hostile takeover bid by MAI Basic Four of Tustin. The planned corporate shake-up, which involves combining the worldwide marketing and sales organization of Prime and its Computervision subsidiary, was announced to Prime employees in general terms in an internal memo earlier this month.
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BUSINESS
December 6, 1988 | PAUL RICHTER, Times Staff Writer
Bennett S. LeBow and other top executives of MAI Basic Four met Wall Street analysts and the press Monday in an effort to overcome the nagging public doubts that threaten the company's takeover bid for much-larger Prime Computer. Outlining financial details of the proposed deal, the investor and his fellow executives seemed to make some headway with the analysts. But several still expressed doubts that Tustin-based MAI could raise the $1.
BUSINESS
December 6, 1988 | PAUL RICHTER, Times Staff Writer
Bennett S. LeBow and other top executives of MAI Basic Four met Wall Street analysts and the press Monday in an effort to overcome the nagging public doubts that threaten the company's takeover bid for much-larger Prime Computer. Outlining financial details of the proposed deal, the investor and his fellow executives seemed to make some headway with the analysts. But several still expressed doubts that Tustin-based MAI could raise the $1.
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