January 11, 1999 |
Beny Alagem, the co-founder and former chief executive of Packard Bell, said Sunday that he has purchased a subsidiary of Samsung Electronics to create a new Internet-driven company geared toward small and medium-size businesses. Alagem bought Irvine-based AST Research Inc., a U.S. subsidiary of the South Korean electronics giant, for an undisclosed sum. Sunday's deal gives him ownership of the AST brand name as well as an exclusive license to the company's intellectual property portfolio.
October 14, 1998 |
Packard Bell NEC Inc. said it sued CTX International Inc., alleging patent infringement and seeking an injunction to prevent CTX from making, selling or importing personal computers in the U.S. Packard Bell is also seeking unspecified damages for lost profit. In its suit, filed in U.S. District Court in Sacramento, the No. 5 PC maker alleges that Industry-based CTX infringes five patents held by Packard Bell and its wholly owned subsidiary. CTX declined to comment on the specific allegations.
October 9, 1998 |
Packard Bell NEC Inc., the world's No. 5 personal-computer maker, said Thursday that it will cut as many as 1,000 jobs, or about 20% of its U.S. work force, to lower costs and try to compete better with larger rivals. Meanwhile, Ziff-Davis Inc., publisher of PC Week and other computer and Internet magazines, said it would also eliminate jobs and warned that fourth-quarter earnings will miss estimates as a result of a computer-publishing slump.
October 8, 1998 |
Packard Bell NEC has agreed to pay $3.5 million to the federal government to settle a "whistle-blower" lawsuit that accused the electronics firm of using recycled parts in personal computers that were sold as new. The lawsuit, filed under seal and not disclosed until Wednesday, involved the sale of computers to military base exchanges and other government agencies. Packard Bell, based in Sacramento, denied any wrongdoing or liability as a result of the settlement.
May 22, 1998 |
In a move that could help drive computer prices toward the $600 mark, Packard Bell NEC announced Thursday that it would use low-cost microprocessors from Cyrix Corp., a subsidiary of National Semiconductor Corp., for a range of consumer PCs. Packard Bell NEC also became the first major company to announce plans to build products around National's PC-on-a-chip concept.
May 13, 1998 |
Packard Bell NEC Inc. will close two plants and slash 400 jobs, or 5% of its work force, in an effort to cut costs and turn around the falling market share at the personal computer maker. Packard Bell said its factories in Fife, Wash., and Boxborough, Mass., will close, and the notebook computer, sales and service groups and most of the engineering group based at those sites will be shifted to the company's headquarters in Sacramento.