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BUSINESS
November 9, 1990 | From Reuters
Northern Telecom Ltd., Canada's leading telecommunications company, Thursday launched a 1.3-billion-pound ($2.6-billion) takeover bid for British electronics company STC. The offer, which has already been accepted by STC, will propel Northern Telecom into third place among world telecommunications companies behind American Telephone & Telegraph Co. and France's Alcatel NV. Northern Telecom is currently ranked No. 5 in the world.
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BUSINESS
November 9, 1990 | From Reuters
Northern Telecom Ltd., Canada's leading telecommunications company, Thursday launched a 1.3-billion-pound ($2.6-billion) takeover bid for British electronics company STC. The offer, which has already been accepted by STC, will propel Northern Telecom into third place among world telecommunications companies behind American Telephone & Telegraph Co. and France's Alcatel NV. Northern Telecom is currently ranked No. 5 in the world.
BUSINESS
July 19, 1990 | From Times wire services
STC PLC, the parent company of Britain's biggest computer maker, today said it is negotiating the sale of a majority stake in its computer arm to Japan's leading computer manufacturer, Fujitsu Ltd. Such a stake in the subsidiary International Computers Ltd., or ICL, would give Fujitsu a major foothold in Europe ahead of the creation of the single European market in 1992, while offering ICL security for the future, analysts said.
BUSINESS
February 28, 1989 | From Times Staff and Wire Reports
National Semiconductor Corp., the Santa Clara computer chip maker, said Monday that it has reached a tentative agreement to sell its mainframe computer business to Hitachi Ltd. and a unit of General Motors Corp. for $398 million. Several analysts said the deal was a great financial coup for National Semiconductor, while others noted that it gives Hitachi, Japan's fourth-largest computer maker, an even stronger foothold in the U.S. electronics industry.
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