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Lotus Development Corp

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BUSINESS
July 6, 1995 | Times Staff and Wire Reports
Mesa Inc., under pressure from dissident shareholders, said it will hold a special board meeting today to consider a possible sale or merger, but Chairman Boone Pickens said the company would not make any hasty decisions. . . . International Business Machines Corp. said it completed its $3.52-billion merger with software maker Lotus Development Corp.
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BUSINESS
January 7, 2000 | Reuters
Lotus Development Corp. said its chief executive and president, Jeff Papows, is resigning and will be replaced by Al Zollar, a software executive of parent company IBM Corp. Papows came under scrutiny last May for alleged discrepancies in his resume tied to his military service and education, according to published reports, and a lawsuit by a former colleague alleging sex bias. Papows' resignation is effective Feb. 1, but he will assist with a transition until sometime in the second quarter.
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BUSINESS
September 9, 1992 | From Times Staff and Wire Reports
Lotus Cuts Price of Spreadsheet: Lotus Development Corp. cut prices on the Windows versions of its Lotus 1-2-3 spreadsheet program by 17%. In the face of stiff competition, the software maker announced a new suggested retail price of $495 for its 1-2-3 for Windows Release 1.1, a $100 reduction. Lotus also cut prices for the Network Server, Network Node and Standard Multimedia editions of the product.
BUSINESS
May 27, 1999 | From Associated Press
One of the largest insider trading cases in history started, simply enough, when an IBM secretary gave her husband a tip on an upcoming deal. Within hourson June 2, 1995, more than two dozen people had bought stock, betting that International Business Machines Corp. was about to acquire Lotus Development Corp., the government said Wednesday. When the deal was announced three days later, the loose-knit group of friends, acquaintances and colleagues had gained $1.
BUSINESS
March 12, 1998 | Bloomberg News
Verity Inc. sued Lotus Development Corp., now a unit of IBM Corp., charging that Lotus misappropriated trade secrets under a 1992 computer software licensing agreement. At the same time, it said it was terminating the agreement because of Lotus' actions. Sunnyvale-based Verity develops and markets software tools for searching and retrieving information on computer databases and the Internet. Cambridge, Mass.
BUSINESS
December 18, 1996 | Times Staff and Wire Reports
International Business Machines Corp., Lotus Development Corp., Netscape Communications Corp., Novell Inc. and Sun Microsystems Inc. plan to form a global Internet consortium. Novell said the goal of the consortium is to provide customers with Internet and intranet training and certification. The members of the consortium plan to name another company to administer the training and certification program, which will be rolled out in 1997, Novell said.
BUSINESS
March 21, 1996 | Times Staff and Wire Reports
AT&T, Lotus Confirm Software Venture: Seeking to end weeks of confusion, AT&T Corp. and IBM's Lotus Development Corp. said they are indeed working together to let businesses use an important software product through the telephone company. Three weeks ago, Basking Ridge, N.J.-based AT&T and Cambridge, Mass.-based Lotus abandoned their 2-year-old effort to allow companies to use Lotus' Notes product over AT&T's phone network.
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
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
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
October 4, 1995 | Times Staff and Wire Reports
Leaders of Boeing Co.'s biggest union said they recommended that their 34,000 machinist members reject the aerospace giant's latest three-year contract offer and strike Friday. . . . Lotus Development Corp. said it signed up 11 telecommunications carriers in the United States, Europe and the Pacific Rim to make its Lotus Notes software a global standard for network computing. . . . Houston Industries Inc. and Central & South West Corp. raised their offer to $2.
BUSINESS
September 28, 1995 | DAVID G. SAVAGE, TIMES STAFF WRITER
The Supreme Court said Wednesday that it will decide how much copyright protection should be given to makers of computer software, a high-stakes issue that has divided the industry. The high court agreed to review a bitterly fought case pitting Lotus Development Corp. against Borland International Inc. Lotus, now owned by International Business Machines Corp.
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