June 18, 1985 |
Burroughs Corp. and Sperry Corp. ended merger talks and blamed each other Monday for failing to negotiate a $3.7-billion deal that would have created the world's second-largest computer manufacturer. Sperry rejected a plan that would have maintained separate large-computer technologies and marketing organizations while merging the companies' procurement, manufacturing, engineering, research and administration, Burroughs said. Burroughs Chairman W.
June 24, 1986
Quadratron Systems, a Sherman Oaks computer software firm, said its software will be used in Sperry Corp. computer systems to be delivered to the U.S. Army. Quadratron President John J. Theiss called the agreement a "multimillion-dollar" deal for his company but declined to give details. He said it is uncertain how many of Sperry's computer systems the Army will order, although the estimated value of the deal for Sperry is $250 million.
June 12, 1985
Detroit-based Burroughs said it is closing its manufacturing and engineering facility in Coral Springs, Fla., and an engineering facility in Orlando, Fla., by the end of October, permanently eliminating about 750 employees. Sperry reported that 285 employees at two of its Minnesota plants have received layoff notices. The company said that 175 non-union workers at its Eagan, Minn., plant were told that their jobs would be permanently eliminated. The plant produces computer chips.
November 7, 1986 |
Burroughs is selling a sizable portion of Memorex, the struggling disk drive and computer peripherals business it bought five years ago, to an international group of Memorex executives and New York financier Eli S. Jacobs for $550 million, the company said Thursday. The sale fits with Burroughs' stated plan to sell at least $1.5 billion in assets to help pay the debt it incurred in its $4.8-billion acquisition of Sperry earlier this year.
July 14, 1989 |
A former Navy engineer today pleaded guilty to taking $475,000 in bribes from two defense contractors in return for providing confidential bid information about a computer maintenance contract. Garland L. Tomlin Jr., 59, was among five people who entered guilty pleas today in U.S. District Court in connection with the Justice Department's continuing investigation of Pentagon procurement fraud. Tomlin admitted receiving $400,000 from Sperry Inc. and $75,000 from Honeywell Corp.
February 9, 1987
The computer maker said it will close its semiconductor operations in Minnesota and move the work to California at a cost of 900 jobs. A Minnesota semiconductor plant in Eagan and a packaging operation in Roseville, which were part of the old Sperry operation, will be closed by December. The work from both places will be moved to Rancho Bernardo, Calif., which was part of the old Burroughs. About 100 Minnesota workers will be offered jobs at the Rancho Bernardo plant, Unisys said.