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December 13, 1988 | CARLA LAZZARESCHI, Times Staff Writer
International Business Machines is expected to announce today that it is selling all or part of its money-losing Rolm telephone equipment subsidiary, possibly to West Germany's Siemens AG, analysts said Monday. The pending deal was widely viewed as a clear indication of IBM's disappointment at the performance of Rolm, a Silicon Valley telecommunications manufacturer that IBM bought with great fanfare in 1985 for $1.5 billion. Since then, analysts estimate, IBM has lost as much as $500 million.
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BUSINESS
December 14, 1988 | CARLA LAZZARESCHI, Times Staff Writer
IBM said Tuesday it is unloading its money-losing Rolm telephone equipment operations, which it bought four years ago amid much fanfare about the growing need to marry computer and telephone technology. At a New York news conference, IBM said it will sell a portion of Rolm to West Germany's Siemens AG and put the rest of the business into a joint venture with Siemens.
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BUSINESS
December 14, 1988 | CARLA LAZZARESCHI, Times Staff Writer
IBM said Tuesday it is unloading its money-losing Rolm telephone equipment operations, which it bought four years ago amid much fanfare about the growing need to marry computer and telephone technology. At a New York news conference, IBM said it will sell a portion of Rolm to West Germany's Siemens AG and put the rest of the business into a joint venture with Siemens.
BUSINESS
December 13, 1988 | CARLA LAZZARESCHI, Times Staff Writer
International Business Machines is expected to announce today that it is selling all or part of its money-losing Rolm telephone equipment subsidiary, possibly to West Germany's Siemens AG, analysts said Monday. The pending deal was widely viewed as a clear indication of IBM's disappointment at the performance of Rolm, a Silicon Valley telecommunications manufacturer that IBM bought with great fanfare in 1985 for $1.5 billion. Since then, analysts estimate, IBM has lost as much as $500 million.
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