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Structural Dynamics Research Corp

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NEWS
May 24, 2001 | EVELYN LARRUBIA, TIMES STAFF WRITER
When the scissors are clicking, blow dryers blowing and "Livin' La Vida Loca" is playing in the background, you can get people to talk about practically anything. What else do they have to do? At the Magic Touch hair salon in Highland Park on Wednesday, the imposed topic of the day was politics. More specifically, whether the candidates for mayor are in touch with what this slice of the city cares about. "What we need are more jobs. And higher wages so people can live better lives.
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NEWS
May 24, 2001 | EVELYN LARRUBIA, TIMES STAFF WRITER
When the scissors are clicking, blow dryers blowing and "Livin' La Vida Loca" is playing in the background, you can get people to talk about practically anything. What else do they have to do? At the Magic Touch hair salon in Highland Park on Wednesday, the imposed topic of the day was politics. More specifically, whether the candidates for mayor are in touch with what this slice of the city cares about. "What we need are more jobs. And higher wages so people can live better lives.
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BUSINESS
May 24, 2001 | Reuters
Electronic Data Systems Corp. said it will acquire Structural Dynamics Research Corp. for $950 million, or $25 a share, in a cash deal. The computer services provider said it also is offering to buy 14% of its Unigraphics Solutions Inc. subsidiary that is publicly held and merge the two into a new business at EDS. EDS said the offer to UGS shareholders contemplates a price of $27 a share, or total cash of about $170 million.
BUSINESS
May 6, 1995 | Associated Press
A man laid off on Take Our Daughters to Work Day--and escorted out of the office with his 8-year-old daughter--said he would not return even if the company offered the job back. "There's no humanity," said Bill Means, who was a systems engineering manager at Structural Dynamics Research Corp. for two years until he was laid off April 27. "We're so sorry about this that I don't know how I could express it," said vice president Ed Neenan"It's just made us look like very bad people out here."
BUSINESS
May 24, 2001 | Reuters
Electronic Data Systems Corp. said it will acquire Structural Dynamics Research Corp. for $950 million, or $25 a share, in a cash deal. The computer services provider said it also is offering to buy 14% of its Unigraphics Solutions Inc. subsidiary that is publicly held and merge the two into a new business at EDS. EDS said the offer to UGS shareholders contemplates a price of $27 a share, or total cash of about $170 million.
BUSINESS
February 28, 1989 | From Times wire services
Structural Dynamics Research Corp. and Nissan Motor Co. Ltd., the big Japanese auto maker, announced today they have formed a joint company to provide engineering consulting services in the Far East. The joint venture marks the first time Nissan has teamed up with an overseas company to launch a new business activity, the announcement stated. Nissan owns 70% of the new company called ESTECH Corp. and SDRC owns 30%.
BUSINESS
May 25, 2001 | Bloomberg News
Electronic Data Systems Corp. plans to cut an unspecified number of jobs after it buys Structural Dynamics Research Corp. and the rest of Unigraphics Solutions Inc. EDS, which already owns 86% of Unigraphics, expects $60 million to $80 million in cost savings by combining the two companies, said Unigraphics Chief Executive Anthony Affuso.
BUSINESS
May 26, 2001 | Bloomberg News
Stockholders filed seven lawsuits in one day against Unigraphics Solutions Inc. on claims that the planned $170-million buyout of the Cypress maker of computer-aided design software undervalues the shares. The lawsuits, filed Thursday in Delaware Chancery Court, followed the previous day's announcement that the company's majority shareholder, Electronic Data Systems Corp., would buy the 14% of Unigraphics it doesn't own for $27 a share. The stock soon rose above $29. It closed Friday at $29.
BUSINESS
October 1, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
Louis A. Delmonico isn't an engineer, and not much of a computer junkie either. But he can sit at a computer, click a few buttons and display a 3-D animated image of a part that resembles a doughnut. Without typing complex commands into a keyboard, he can run an engineering test on the imaginary object to find out where its weakest point would be. In seconds, the mesh-like rendering of the object glows bright red at the weak spots.
BUSINESS
May 6, 1995 | Associated Press
A man laid off on Take Our Daughters to Work Day--and escorted out of the office with his 8-year-old daughter--said he would not return even if the company offered the job back. "There's no humanity," said Bill Means, who was a systems engineering manager at Structural Dynamics Research Corp. for two years until he was laid off April 27. "We're so sorry about this that I don't know how I could express it," said vice president Ed Neenan"It's just made us look like very bad people out here."
NEWS
November 22, 1995 | Robin Abcarian
Scene: The meat counter at a grocery store. Dramatis personae: A male butcher. A harried female customer. Customer: If there are seven adults for dinner, do you suppose a seven-pound roasting chicken would do the trick? Butcher, wiping hands on crisp white apron: I don't think so. You need to plan on at least a pound and a half per person. Customer: I see. In that case, I don't suppose you have a 12-pound roasting chicken somewhere in the back?
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