January 24, 1996 |
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.
March 12, 1998 |
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.
October 11, 1992
I take exception to Nat Goldhaber's remarks regarding the positive social effects of his work in developing multimedia technologies, "In Search of Computing's Holy Grail" (Sept. 27). Lotus Development Corp. founder Mitch Kapor says of the PC phenomenon that "it was naive to think that a piece of technology would have a transforming effect on society." Well Mr. Kapor, let's take television as an example of a piece of technology that had a transforming effect on society. Before TV, we worked and saved and eventually bought houses or put our kids through college.
April 7, 1990 |
In a bold move to become a full-service software house, Lotus Development Corp. announced Friday that it will buy Novell Inc., creator of the top-selling personal computer networking program and leader of one of the most important segments in the PC software industry. The deal, whose current market value was pegged at about $1.
November 2, 1990 |
Lotus Development Corp., trying to fill a gap in its product line, announced Thursday that it would buy an Atlanta software firm for $65 million. Lotus said it signed a merger agreement with Samna Corp., which makes word processing products. Samna's software operates with the increasingly popular Windows graphical system made by Microsoft Corp., Lotus' main competitor. Windows makes it easier for computer users to operate personal computers made by International Business Machines Corp.
June 12, 1995 |
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.
December 1, 1994 |
Shares of Lotus Development Corp. rose 7.2% in heavy trading Wednesday on speculation that the software company is discussing a merger with Oracle Corp. Company officials declined to comment directly on what they called "rumors" and played down the circumstantial evidence that fueled the speculation. Lotus shares, which are traded on the Nasdaq, rose $3 to $44.75 on volume of 6 million shares, well above the average daily volume of 1.6 million for the past three months.
May 25, 1989 |
Some of the nation's top computer scientists, angry over a wave of lawsuits seeking to copyright basic computer software, picketed Wednesday outside the headquarters of Lotus Development Corp. The scientists said Lotus and a handful of other computer companies are trying to lock up rights to software that is as fundamental to computers as a steering wheel and pedals are to a car. "If there were copyrights like this on cars, then every manufacturer would have to give you a different way to steer," said Richard Stallman, a programmer at the Massachusetts Institute of Technology.