Advertisement
YOU ARE HERE: LAT HomeCollectionsRyal Poppa
IN THE NEWS

Ryal Poppa

FEATURED ARTICLES
BUSINESS
June 3, 1991 | From Associated Press
Ryal Poppa flashes a somber smile as he reflects on that day six years ago when he faced down an angry bunch of creditors who wanted to dismantle Storage Technology Inc. The computer products manufacturer was in the midst of a Chapter 11 bankruptcy reorganization after posting a $505.5-million loss in 1984. The creditors wanted justice, and some takeover attempts were testing the waters. Some of the creditors were "trying to break up the corporation . . .
ARTICLES BY DATE
BUSINESS
June 3, 1991 | From Associated Press
Ryal Poppa flashes a somber smile as he reflects on that day six years ago when he faced down an angry bunch of creditors who wanted to dismantle Storage Technology Inc. The computer products manufacturer was in the midst of a Chapter 11 bankruptcy reorganization after posting a $505.5-million loss in 1984. The creditors wanted justice, and some takeover attempts were testing the waters. Some of the creditors were "trying to break up the corporation . . .
Advertisement
BUSINESS
August 10, 1994 | From Reuters
Storage Technology Corp. and Network Systems Corp., which supply computer storage and data communications systems, said Tuesday that they have agreed to merge in a stock swap valued at about $300 million. Storage Technology said the deal is believed to be the first merger of a major computer storage provider and a leader in high-performance computer networking products.
BUSINESS
November 30, 1987
ADDRESS: 2445 McCabe Way, Irvine. BUSINESS: Maker of computer chips and other computer products. ASSETS: $307.8 million (at June 30). NUMBER OF EMPLOYEES: 3,338 TOP EXECUTIVES Cash Name Position Compensation Roger W. Johnson Chairman, president, chief executive officer $542,375 Edward L. Marinaro Executive vice president, chief operating officer 316,794 A.J. Moyer Vice president, finance, and chief financial officer 283,640 John R. MacKay Vice president, plant operations 215,764 Kathryn A.
BUSINESS
April 17, 1985
Storage Technology, which is trying to reorganize under Chapter 11 of the U.S. Bankruptcy Code, announced a loss of $419 million for the fourth quarter of 1984 and a loss of more than $500 million for the full year. The fourth-quarter loss came on revenue of $151.9 million and compares to a loss of $35.4 million on revenue of $226.9 million in the same period a year earlier, the computer products company said. The latest loss included $279.
BUSINESS
June 19, 1987 | Associated Press
Storage Technology Corp. completed a rapid recovery from financial jeopardy Thursday when a federal bankruptcy court approved its reorganization plan, allowing the computer equipment maker to emerge from Chapter 11 protection. Storage Technology, a Louisville, Colo.-based maker of data storage devices and printers for big, mainframe computers, was granted approval of its reorganization plan 33 months after it sought protection from its creditors and laid off thousands of workers.
BUSINESS
February 13, 1985
Stephen G. Jerritts has been named president and chief operating officer of ailing Storage Technology Corp., the latest in a series of upper-level management changes at the computer-equipment manufacturer. Jerritts, a former Honeywell Inc. executive, has been president of Minneapolis-based Lee Data Corp. since May, 1983. The president's post at Storage Technology had been vacant since the November departure of Naim Aweida.
BUSINESS
December 31, 1995 | JAMES F. PELTZ
Who swallowed Dr Pepper? Why are travel agents fuming? And why did Benjamin Franklin need a face-lift? Here is The Times' annual test of your knowledge of news events from the business world in 1995, so sharpen your pencils. (Answers are at the end.) 1. AT&T Corp. decided to break itself into three parts, the second split for the telecommunications giant. When did the first breakup take effect? a) 1980 b) 1982 c) 1984 d) 1919 2.
BUSINESS
January 21, 1985
Troubled Storage Technology Corp., struggling through a Chapter 11 reorganization and two years of heavy losses, has tabbed Ryal R. Poppa, known as a corporate rebuilder, to be its new head. Gordon Swartzfager, Storage Technology's vice president of communications, said Poppa would assume his duties as president, chief executive and chairman in early February. A federal bankruptcy judge in Denver on Friday approved the hiring of Poppa, 51, by the Louisville, Colo.
NEWS
November 15, 1987
Pomona College has several reasons for celebrating. It was listed in a recent U. S. News & World Report magazine as one of the top 10 private liberal arts colleges in the country and the only one of the 10 in the West. During the past year it ranked at or near the top in several other academic surveys and was named the standout "cool liberal arts college" by Rolling Stone magazine last March.
Los Angeles Times Articles
|