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Vittorio Cassoni

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BUSINESS
April 26, 1988 | CARLA LAZZARESCHI, Times Staff Writer
American Telephone & Telegraph's efforts to revitalize its shaky computer division suffered a potential blow Monday when the unit's charismatic and widely respected leader announced his resignation. The departure of Vittorio Cassoni for a prominent post at Ing. C. Olivetti also fueled speculation of a deepening rift between AT&T and the Italian office equipment maker. AT&T recently broke off negotiations to increase its 22% stake in Olivetti.
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BUSINESS
April 26, 1988 | CARLA LAZZARESCHI, Times Staff Writer
American Telephone & Telegraph's efforts to revitalize its shaky computer division suffered a potential blow Monday when the unit's charismatic and widely respected leader announced his resignation. The departure of Vittorio Cassoni for a prominent post at Ing. C. Olivetti also fueled speculation of a deepening rift between AT&T and the Italian office equipment maker. AT&T recently broke off negotiations to increase its 22% stake in Olivetti.
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BUSINESS
May 24, 1988
Robert M. Kavner, president of American Telephone & Telegraph's Data Systems Group, has been elected a director of its Italian partner, Ing. C. Olivetti & Co. There had been reports of conflict between the companies earlier this year after they could not agree on terms for AT&T to boost its stake in Olivetti, which stands at 22.3%.
BUSINESS
November 12, 1991 | From Times Staff and Wire Reports
De Benedetti Takes Full Control: Industrialist Carlo De Benedetti announced that he is assuming full management control of computer-maker Olivetti in a surprise move that analysts said reflected a deepening crisis at the money-losing company. In a brief statement, Olivetti said only that the decision reflected the deepening problems facing the information-technology industry worldwide.
BUSINESS
February 8, 1989 | From Reuters
Expanding its presence in the U.S. computer industry, Italy's Ing C. Olivetti & C. SpA today said it agreed to acquire a U.S. supplier of branch automation systems to financial institutions for about $174 million. ISC Systems Corp., based in Spokane, Wash., has agreed to be acquired by the Italian business systems firm for about $12.25 per common share, Olivetti said. Olivetti said it will merge ISC with Bunker Ramo Corp., Olivetti's Shelton, Conn.
BUSINESS
February 25, 1988 | From Reuters
American Telephone & Telegraph Chairman James E. Olson said the company's computer business will not be profitable until 1990--a year later than AT&T previously forecast. Last March, Vittorio Cassoni, head of AT&T's computer unit, told securities analysts that the unit would stop losing money by the fourth quarter of 1988. But Olson said the unit would not be profitable until 1990. "Going into 1990, the business ought to be profitable," he said in an interview.
BUSINESS
September 3, 1987 | VICTOR F. ZONANA, Times Staff Writer
Vowing that American Telephone & Telegraph is in the computer business "for keeps," the telecommunications giant on Wednesday unveiled more than 40 products, including a new top-of-the-line personal computer and a minicomputer whose performance approaches that of a mainframe.
BUSINESS
January 7, 1988 | CARLA LAZZARESCHI, Times Staff Writer
American Telephone & Telegraph Co. said Wednesday that over the next three years it plans to buy up to 20% of Sun Microsystems, one of Silicon Valley's most promising computer makers. The deal was immediately praised by analysts as a convenient source of expansion money for Sun. Analysts also said the agreement would give the fast-growing Mountain View company a chance to solidify its position as the No.
BUSINESS
September 25, 1988 | CARLA LAZZARESCHI, Times Staff Writer
Last month AT&T's computer group head, Robert M. Kavner, spent a few weeks vacationing on the Italian Riviera with his corporate predecessor, the suave and ultra-stylish Vittorio Cassoni. Although golf was the major recreation, Cassoni insisted on taking Kavner on a "major money" shopping expedition for his fall wardrobe. Ever since, the reserved Kavner, an accountant by training, has been wearing the same style of double-breasted Italian business suits that the charismatic Cassoni favors.
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