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May 30, 1992 | From Times Staff and Wire Reports
IBM to Buy Stake in High-End PC Maker: IBM will buy a 10% to 49% stake in a company that makes high-end personal computers and resell the machines under the IBM label, industry executives close to the talks said. The company, Parallan Computer Inc. of Mountain View, Calif., makes computers called servers that are used to link networks of PCs. IBM will announce its arrangement with Parallan on Monday, the executives said, speaking on condition of anonymity. IBM had no comment.
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BUSINESS
May 30, 1992 | From Times Staff and Wire Reports
IBM to Buy Stake in High-End PC Maker: IBM will buy a 10% to 49% stake in a company that makes high-end personal computers and resell the machines under the IBM label, industry executives close to the talks said. The company, Parallan Computer Inc. of Mountain View, Calif., makes computers called servers that are used to link networks of PCs. IBM will announce its arrangement with Parallan on Monday, the executives said, speaking on condition of anonymity. IBM had no comment.
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BUSINESS
April 26, 1994 | JONATHAN WEBER, TIMES STAFF WRITER
A raging bull market and an economic recovery made 1993 a record year for initial public stock offerings, and dozens of California companies rejoiced as their share prices soared following their Wall Street debut. Companies from a broad range of industries shared in the prosperity, though technology firms led the pack, as in previous years.
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