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Stratus Computer Inc

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BUSINESS
July 29, 1992 | From Times Staff and Wire Reports
Cost of Computer Down-Time Put at $4 Billion: Just about every consumer has heard those frustrating words: "Sorry, our computer has crashed." Now, for the first time, a dollars and cents figure has been put on "unplanned computer down-time"--$4 billion a year, according to a study that Stratus Computer Inc. of Marlboro, Mass., commissioned. The company sells systems that provide safety nets against computer crashes.
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BUSINESS
August 4, 1998 | From Reuters
Ascend Communications Inc., which sells computer switches that meld data and voice communications, said Monday it will acquire Stratus Computer Inc. in an $822-million deal that would create a powerful supplier of Internet-based telecommunications equipment. Alameda-based Ascend said it plans to create integrated voice and data network products combining its data networking equipment with Stratus computers, which control key functions at the heart of much of the national phone network.
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BUSINESS
August 4, 1998 | From Reuters
Ascend Communications Inc., which sells computer switches that meld data and voice communications, said Monday it will acquire Stratus Computer Inc. in an $822-million deal that would create a powerful supplier of Internet-based telecommunications equipment. Alameda-based Ascend said it plans to create integrated voice and data network products combining its data networking equipment with Stratus computers, which control key functions at the heart of much of the national phone network.
BUSINESS
July 29, 1992 | From Times Staff and Wire Reports
Cost of Computer Down-Time Put at $4 Billion: Just about every consumer has heard those frustrating words: "Sorry, our computer has crashed." Now, for the first time, a dollars and cents figure has been put on "unplanned computer down-time"--$4 billion a year, according to a study that Stratus Computer Inc. of Marlboro, Mass., commissioned. The company sells systems that provide safety nets against computer crashes.
NEWS
October 22, 1998
* Ascend Communications Inc. and senior managers of Stratus Computer Inc., which Ascend acquired this week, hired Salomon Smith Barney Inc. to find buyers for three Stratus units. Ascend, a maker of computer-networking equipment, hopes to find a buyer for Stratus' computer division that will issue stock options so employees of the unit can own a stake in the new company. * Alaska Communications Systems Inc., a closely held company run by investment fund Fox Paine & Co.
BUSINESS
September 21, 1989 | From Reuters
At least nine U.S. companies have lowered their earnings forecasts this week, making Wall Street jittery and heightening concern over a slowing economy. The best-known company to deflate analysts' optimism was Avon Products Inc., the New York cosmetics giant that said both 1989 and 1990 earnings would be below expectations. It blamed soft U.S. sales and a stronger-than-anticipated dollar, which reduced its revenue from foreign units. Avon's announcement followed Stratus Computer Inc.'
BUSINESS
January 20, 1999 | From Times Staff and Wire Reports
Rockwell International Corp., showing immediate benefits from shedding its semiconductor business, said Tuesday that fiscal first-quarter earnings rose 8.9%, and it predicted that results will surpass Wall Street's expectations throughout the year. Profit from continuing operations rose to $134 million, or 70 cents a share, in the quarter ended Dec. 31, compared with $123 million, or 59 cents, in first-quarter 1997.
BUSINESS
August 8, 1991 | JONATHAN YENKIN, ASSOCIATED PRESS
Judging by the results of some not-so-well-known companies such as IPL Systems and Parametric Technology, the computer industry here appears to be enjoying robust times. These and other small firms have been enjoying tremendous growth while more prominent names such as Digital Equipment Corp. and Wang Laboratories Inc. have faltered. Observers say smaller companies have found profitable niches and have been more adept at navigating a fast-changing market that has tripped up bigger companies.
BUSINESS
August 6, 1991 | JONATHAN YENKIN, ASSOCIATED PRESS
Judging by the results of some not-so-well-known companies such as IPL Systems and Parametric Technology, the computer industry here appears to be enjoying robust times. These and other small firms have been enjoying tremendous growth while more prominent names such as Digital Equipment Corp. and Wang Laboratories Inc. have faltered. Observers say smaller companies have found profitable niches and have been more adept at navigating a fast-changing market that has tripped up bigger companies.
BUSINESS
July 23, 1998 | From Times Wire Services
UAL Corp., the world's largest airline company, on Wednesday reported a surprisingly strong 11% jump in second-quarter earnings, boosted by lower fuel prices, surging U.S. demand and cost cuts that helped offset declining traffic in Asia. Struggling Trans World Airlines Inc., meanwhile, posted a profit in the mid-range of analyst estimates, its largest quarterly profit since the second quarter of 1996, before the crash of its Flight 800 off Long Island, New York. USAirways Group Inc.
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