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Rational Software Corp

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BUSINESS
July 11, 2001 | Bloomberg News
Rational Software Corp. reported a 40% decline in operating earnings for its fiscal first quarter to $16.2 million, or 8 cents a share. The results were a penny better than analyst forecasts, which had been trimmed from 8 cents last week after the company warned that slowing demand in Europe and Asia would hurt revenue. Sales rose 3.2% to $175.8 million, boosted by revenue from consulting services, and software sales fell 16%. Shares of Cupertino, Calif.-based Rational fell 82 cents to $18.
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BUSINESS
December 7, 2002 | Glenda McCarthy, Times Staff Writer
IBM Corp. agreed Friday to acquire longtime customer Rational Software Corp. for $2.1 billion, the largest in a recent string of acquisitions to bolster its software operations. The deal values Cupertino, Calif.-based Rational at $10.50 a share, a 28% premium to its closing price Thursday. The shares jumped $2.12, or 26%, to $10.29 in Nasdaq trading Friday. IBM shares slipped 74 cents to $82.32 on the New York Stock Exchange. "The price is acceptable, if not more than acceptable.
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BUSINESS
November 13, 1996 | Times Staff and Wire Reports
Santa Clara-based Rational Software Corp. agreed to acquire SQA Inc. for stock valued at $282.4 million. The maker of software for telecommunications and aerospace businesses said it will pay 0.86 share for each outstanding share of SQA, or $35.26 a share. SQA, of Burlington, Mass., makes software that tests how well applications work on computer networks. "This probably fills an area where they [Rational] were weak competitively," said Catlin Wolfard, an analyst at Arcadia Investment Corp.
BUSINESS
July 11, 2001 | Bloomberg News
Rational Software Corp. reported a 40% decline in operating earnings for its fiscal first quarter to $16.2 million, or 8 cents a share. The results were a penny better than analyst forecasts, which had been trimmed from 8 cents last week after the company warned that slowing demand in Europe and Asia would hurt revenue. Sales rose 3.2% to $175.8 million, boosted by revenue from consulting services, and software sales fell 16%. Shares of Cupertino, Calif.-based Rational fell 82 cents to $18.
BUSINESS
December 7, 2002 | Glenda McCarthy, Times Staff Writer
IBM Corp. agreed Friday to acquire longtime customer Rational Software Corp. for $2.1 billion, the largest in a recent string of acquisitions to bolster its software operations. The deal values Cupertino, Calif.-based Rational at $10.50 a share, a 28% premium to its closing price Thursday. The shares jumped $2.12, or 26%, to $10.29 in Nasdaq trading Friday. IBM shares slipped 74 cents to $82.32 on the New York Stock Exchange. "The price is acceptable, if not more than acceptable.
BUSINESS
April 2, 2004 | From Bloomberg News
IBM Corp., the world's second-largest software company, said Thursday that it had agreed to buy closely held Candle Corp. for an undisclosed price to add software that helps manage systems and databases. Candle's products improve the operation of data centers. The products include systems management and database management software, IBM spokesman John Crowe said. El Segundo-based Candle has more than 3,000 customers, the software giant said.
BUSINESS
April 8, 1997
Rational Software Corp., expanding its expertise in offering software-programming products, said it agreed to buy rival Pure Atria Corp. in a stock deal initially valued at about $839 million. Both companies' stocks plunged, however, after Sunnyvale-based Pure Atria said its first-quarter earnings would be far less than Wall Street had expected because of difficulties the company has had managing its own acquisitions. Under terms of the acquisition, Santa Clara-based Rational would pay 0.
BUSINESS
February 22, 2003
* International Business Machines Corp. completed its $2.1-billion acquisition of Cupertino, Calif.-based Rational Software Corp., gaining tools that developers use to create programs. * Raytheon Co. and Lockheed Martin Corp. landed a $2-billion Air Force contract to build laser-guided bomb kits. * As a sluggish economy and war fears continue to take a toll on the tourism industry, Walt Disney Co.'
BUSINESS
November 10, 1999
Alyn Corp. named a new chairman and another board member from Fleming Asset Management, part of the group that provided $7.5 million in equity financing for the Irvine producer of metal composite materials. Robert L. Burr was named chairman of Alyn's board and David J. Edwards becomes a director. Burr is a director of Fleming Asset and Edwards is a vice president. Burr, 48, will succeed James L. Hesburgh, chief executive of export management and consulting firm James L.
BUSINESS
February 24, 1999
Jeffrey Vinik, a former manager of Fidelity Investments' flagship Magellan Fund who now runs a hedge fund, added several new technology holdings to his portfolio in the fourth quarter, according to government filings. Boston-based Vinik Asset Management LP bought 2.3 million shares of Compaq Computer Corp., making it the fund's seventh-largest holding. Vinik also bought Electronics for Imaging Inc., Rational Software Corp. and Flextronics International Ltd.
BUSINESS
November 13, 1996 | Times Staff and Wire Reports
Santa Clara-based Rational Software Corp. agreed to acquire SQA Inc. for stock valued at $282.4 million. The maker of software for telecommunications and aerospace businesses said it will pay 0.86 share for each outstanding share of SQA, or $35.26 a share. SQA, of Burlington, Mass., makes software that tests how well applications work on computer networks. "This probably fills an area where they [Rational] were weak competitively," said Catlin Wolfard, an analyst at Arcadia Investment Corp.
BUSINESS
August 19, 1999 | Times Staff, Bloomberg News
Jeffrey Vinik and his former employer, Fidelity Investments, may still be going their separate ways--at least when it comes to tech stocks. Vinik, former manager of Fidelity's flagship Magellan Fund, rushed back into the market in the quarter ended June 30, raising the stock investments in his hedge fund by $4 billion and loading up on technology shares in particular, according to regulatory filings released Wednesday. Meanwhile, Fidelity, the biggest U.S. mutual fund company, sold a net $4.
BUSINESS
February 3, 1999 | JUBE SHIVER Jr., TIMES STAFF WRITER
A top Microsoft Corp. official conceded Tuesday that there are discrepancies in a videotaped demonstration that the company has used in its defense in the antitrust case. Senior Vice President James Allchin admitted under questioning that a video purporting to show a reenactment of a software test he conducted last year appears to have been fouled up.
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