February 17, 1988 |
In a bid to become a full-service supplier, Tandem Computers said Tuesday that it will acquire another Silicon Valley company, Ungermann-Bass Inc., for about $260 million. Ungermann-Bass stock shot up on the over-the-counter market after the news was announced, rising $3.625 a share to $12.125. Santa Clara-based Ungermann-Bass is a leading provider of local area network or LAN systems, which allow personal computers to connect with each other and to share data from the same files.
July 23, 1986
A profit increase of more than 600% was reported by Tandem Computers, a Cupertino, Calif., company that makes computer systems and networks. Tandem said that in the third quarter ended June 30, its net income was $18.1 million, up from $2.4 million in the comparable period of 1985. Sales during the quarter were up 39% to $200.8 million.
June 3, 1986 |
Tandon plans to open a 105,000-square-foot plant in Moorpark to assemble IBM-compatible personal computers. The factory, expected to begin production in October, will be larger than the Chatsworth-based company's plant in Thousand Oaks, where 425 workers assemble computers from parts Tandon makes in the Far East. Company officials would not say how many people will be employed at the Moorpark plant, at 405 Science Drive in the Freeway Business Center industrial park.
February 13, 1985
Stephen G. Jerritts has been named president and chief operating officer of ailing Storage Technology Corp., the latest in a series of upper-level management changes at the computer-equipment manufacturer. Jerritts, a former Honeywell Inc. executive, has been president of Minneapolis-based Lee Data Corp. since May, 1983. The president's post at Storage Technology had been vacant since the November departure of Naim Aweida.