Advertisement
YOU ARE HERE: LAT HomeCollectionsShiva Corp
IN THE NEWS

Shiva Corp

FEATURED ARTICLES
BUSINESS
October 20, 1998
Intel Corp. agreed to buy Shiva Corp. for $6 a share, or about $185 million in cash, as the world's top computer chip maker expands its line of networking products for small and medium-sized businesses. Santa Clara-based Intel is paying a premium of $1.75 a share, or 41%, over Bedford, Mass.-based Shiva's Friday close of $4.25. In Nasdaq trading, Shiva shares rose $1.25 to close at $5.25, and Intel rose $1.25 to $85.
ARTICLES BY DATE
BUSINESS
October 20, 1998
Intel Corp. agreed to buy Shiva Corp. for $6 a share, or about $185 million in cash, as the world's top computer chip maker expands its line of networking products for small and medium-sized businesses. Santa Clara-based Intel is paying a premium of $1.75 a share, or 41%, over Bedford, Mass.-based Shiva's Friday close of $4.25. In Nasdaq trading, Shiva shares rose $1.25 to close at $5.25, and Intel rose $1.25 to $85.
Advertisement
BUSINESS
January 28, 1997 | BARBARA MURPHY
Paul C. O'Brien, recently retired chairman and chief executive of New England Telephone, has been appointed chairman of the board of directors of View Tech Inc. in Camarillo. In conjunction with the appointment, Telecom Holding, an investment company organized by O'Brien, has agreed to invest in View Tech. O'Brien is past chairman of New England Telephone, the unit of Nynex covering the New England region. He serves on the boards of several companies, including the Bank of Boston, Shiva Corp.
BUSINESS
September 7, 1995 | From Reuters
Bay Networks, a company that links computer networks, said Wednesday that it is buying Xylogics Inc., so it can offer remote workers the means to stay linked to their office systems. The planned buyout is in the form of a stock swap valued at about $330 million. News of the deal sent Xylogics stock up as much as 37% to $50.75, before closing up $11.875 at $48.875 on Nasdaq. Bay Networks fell $1.375 to $48.875, also on Nasdaq. Xylogics, based in Burlington, Mass.
BUSINESS
October 15, 1999 | From Times Wire Services
Intel Corp., the world's largest chip maker, has agreed to buy wireless telephone chip maker DSP Communications Inc. for about $1.6 billion in cash, the latest in a series of aggressive moves by Intel to go beyond its traditional microprocessor business. DSP shareholders will receive $36 a share, a 29% premium over Wednesday's closing price. The purchase is Intel's second-largest acquisition and its biggest all-cash transaction.
BUSINESS
April 20, 1995 | JULIE PITTA, TIMES STAFF WRITER
Lotus Development Corp. reported a $17.5-million quarterly loss Wednesday, raising doubts about the controversial efforts of a personal computing pioneer to transform itself from a spreadsheet company into a PC communications powerhouse. Analysts had been expecting a modest profit based on the growth of Notes, a pioneering program that enables PC users in corporations to collaborate in their work.
BUSINESS
November 19, 1994 | From Times Wire Services
Blue chip stocks fell in volatile trading Friday as stock and index options expired, while the dollar rose on the government's report of an improvement in America's trade deficit with Japan. The Dow Jones industrial average lost as much as 41 points on interest rate worries, but trimmed its losses in a burst of late buying tied to expirations of futures contracts. The blue-chip average closed at 3,815.26, down 12.79 points on the day, but up 13.79 points for the week.
BUSINESS
April 1, 1997 | From Times Staff and Wire Reports
Nirvana didn't last very long. An economy and financial market outlook widely described as perfect just a month ago has suddenly become fraught with worry, ruining what was shaping up as another great quarter for stocks' bull market. Instead, many investors are worried that they see the shadow of the bear, as the stronger-than-expected economy pushes interest rates higher and fans inflation worries. The first quarter ended Monday with a dive of 157.11 points, or 2.
Los Angeles Times Articles
|