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BUSINESS
November 2, 1990 | From Associated Press
Lotus Development Corp., trying to fill a gap in its product line, announced Thursday that it would buy an Atlanta software firm for $65 million. Lotus said it signed a merger agreement with Samna Corp., which makes word processing products. Samna's software operates with the increasingly popular Windows graphical system made by Microsoft Corp., Lotus' main competitor. Windows makes it easier for computer users to operate personal computers made by International Business Machines Corp.
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BUSINESS
November 2, 1990 | From Associated Press
Lotus Development Corp., trying to fill a gap in its product line, announced Thursday that it would buy an Atlanta software firm for $65 million. Lotus said it signed a merger agreement with Samna Corp., which makes word processing products. Samna's software operates with the increasingly popular Windows graphical system made by Microsoft Corp., Lotus' main competitor. Windows makes it easier for computer users to operate personal computers made by International Business Machines Corp.
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BUSINESS
February 1, 1991 | From Times Staff and Wire Reports
Lotus Development Corp.: The computer software firm reported a fourth-quarter loss of $31.6 million, contrasted with a profit of $29.4 million for the year-earlier period. Revenue for the quarter totaled $186.4 million, a 24% gain over the 1989 period. For 1990, the Cambridge, Mass.-based company reported net earnings of $23.3 million, a 66% decrease from 1989. The fourth-quarter loss reflected a charge of $53 million related to the acquisition of Samna Corp.
BUSINESS
May 7, 1990
Best- and worst-performing industries and companies in each group, with closing stock price, for the week ended May 4. Only stocks trading for $1 or higher are included. BEST PERFORMERS 1) Oil and gas services: +5.0% Enserch Expl. (10 1/4): +17.1% 2) Personal services: +4.6% Sunrise Pre. (2 11/16): +53.7% 3) Data processing: +4.5% Samna Corp. (6): +33.3% 4) Food: confections: +4.4% Tootsie Roll (41 1/4): +11.5% 5) Aerospace: +4.3% Sundstrand (73): +14.1% 6) Health: +4.2% Conmed Corp. (6): +29.
BUSINESS
November 8, 1990 | RICHARD O'REILLY, RICHARD O'REILLY is director of computer analysis for The Times
The graphical powers of Microsoft's Windows 3.0 bring its users a new dimension in software in which what you see on the screen is just about what you'll see when you print. That change is especially dramatic in word processing, where users of IBM and compatible computers, unlike their Macintosh counterparts, usually have seen plain, text-only renditions of documents.
BUSINESS
November 2, 1990 | From Times Wire Services
Stock prices chalked up a moderate gain Thursday as traders studied accumulating evidence of weakness in the economy. The Dow Jones index of 30 industrials climbed 12.62 to 2,454.95. In the broader market, advancing issues outnumbered declines by nearly 3 to 2 in nationwide trading of New York Stock Exchange-listed stocks, with 896 up, 618 down and 487 unchanged. Big Board volume edged up to 159.27 million shares, against 156.06 million Wednesday.
BUSINESS
June 10, 1995 | JULIE PITTA, TIMES STAFF WRITER
As representatives for both companies hunker down in New York this weekend, it is very likely that the fate of IBM's bid to buy Lotus Development Corp. will be determined by a single man among the many who will crowd that room: Lotus' strong-willed and controversial chairman, James P. Manzi. "If Jim wanted this deal to happen, it would have happened already," said Jeffrey Tarter, editor of Softletter, a Cambridge, Mass.-based industry newsletter. Last Monday, IBM announced a $3.
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