Advertisement
YOU ARE HERE: LAT HomeCollectionsOlivetti Usa
IN THE NEWS

Olivetti Usa

FEATURED ARTICLES
BUSINESS
June 26, 1987
The company labeled as "absolutely untrue" speculation that it was getting ready to put its loss-plagued computer operations into a separate firm jointly owned with Olivetti, its Italian computer partner. A Business Week report said the new company would also assume Olivetti's U.S. operations. AT&T owns 23.5% of the Italian firm, which supplies AT&T personal computers and relies on the $36-billion U.S. giant for its American distribution.
ARTICLES BY DATE
BUSINESS
June 27, 1992 | JONATHAN WEBER, TIMES STAFF WRITER
Digital Equipment Corp., building support for a key new computer technology, has agreed to pay $322 million for a 10% stake in Olivetti, the large but struggling Italian computer maker. The deal is the second in recent months in which a major European computer firm has turned to an American company to assure its future. International Business Machines Corp. in January agreed to invest about $100 million for a 6% stake in France's loss-ridden Groupe Bull.
Advertisement
BUSINESS
June 27, 1992 | JONATHAN WEBER, TIMES STAFF WRITER
Digital Equipment Corp., building support for a key new computer technology, has agreed to pay $322 million for a 10% stake in Olivetti, the large but struggling Italian computer maker. The deal is the second in recent months in which a major European computer firm has turned to an American company to assure its future. International Business Machines Corp. in January agreed to invest about $100 million for a 6% stake in France's loss-ridden Groupe Bull.
NEWS
July 16, 1989
American Telephone & Telegraph Co. said it will swap its 22% stake in Italian computer maker Olivetti for a large holding in Carlo de Benedetti's main industrial holding company. The announcement ends speculation that AT&T would sell its Olivetti stake because of differences that emerged a year ago over the firms' industrial alliance formed in December, 1983.
NEWS
July 16, 1989
American Telephone & Telegraph Co. said it will swap its 22% stake in Italian computer maker Olivetti for a large holding in Carlo de Benedetti's main industrial holding company. The announcement ends speculation that AT&T would sell its Olivetti stake because of differences that emerged a year ago over the firms' industrial alliance formed in December, 1983.
BUSINESS
February 8, 1989 | From Reuters
Expanding its presence in the U.S. computer industry, Italy's Ing C. Olivetti & C. SpA today said it agreed to acquire a U.S. supplier of branch automation systems to financial institutions for about $174 million. ISC Systems Corp., based in Spokane, Wash., has agreed to be acquired by the Italian business systems firm for about $12.25 per common share, Olivetti said. Olivetti said it will merge ISC with Bunker Ramo Corp., Olivetti's Shelton, Conn.
BUSINESS
June 26, 1987
The company labeled as "absolutely untrue" speculation that it was getting ready to put its loss-plagued computer operations into a separate firm jointly owned with Olivetti, its Italian computer partner. A Business Week report said the new company would also assume Olivetti's U.S. operations. AT&T owns 23.5% of the Italian firm, which supplies AT&T personal computers and relies on the $36-billion U.S. giant for its American distribution.
Los Angeles Times Articles
|