Advertisement
YOU ARE HERE: LAT HomeCollectionsWellfleet Communications
IN THE NEWS

Wellfleet Communications

FEATURED ARTICLES
BUSINESS
July 6, 1994 | JESUS SANCHEZ, TIMES STAFF WRITER
Two of the biggest players in a hot computer industry niche agreed to join forces Tuesday as Wellfleet Communications announced that it will acquire Santa Clara, Calif.-based SynOptics Communications in a stock swap valued at about $1 billion. The merger would create a dominant new player in the computer networking business, which has grown explosively in recent years as corporations move away from large mainframe computers to flexible networks of smaller machines.
ARTICLES BY DATE
BUSINESS
July 6, 1994 | JESUS SANCHEZ, TIMES STAFF WRITER
Two of the biggest players in a hot computer industry niche agreed to join forces Tuesday as Wellfleet Communications announced that it will acquire Santa Clara, Calif.-based SynOptics Communications in a stock swap valued at about $1 billion. The merger would create a dominant new player in the computer networking business, which has grown explosively in recent years as corporations move away from large mainframe computers to flexible networks of smaller machines.
Advertisement
BUSINESS
May 17, 1994 | From Times Wire Services
Stocks crept to a mixed close Monday, while bond yields fell for a third straight day on expectations that the Federal Reserve will raise interest rates high enough today to quell any threat of renewed inflation. Blue chips got a boost from the bond market, but the broader indexes were weak, hurt for the second straight session by a downturn in the shares of technology companies. The Dow Jones industrial average ended up 11.82 points at 3,671.5.
BUSINESS
July 8, 1994 | From Times Staff and Wire Reports
Blue chip stocks rose for the fourth straight day Thursday while bonds held steady, on expectations that June employment figures due out today will be weak enough to hold off another interest rate hike by the Federal Reserve Board. The Dow Jones industrial average climbed 13.92 points to 3,688.42, and the broad market joined in the mini-rally: Winners topped losers by a solid 3 to 2 on the New York Stock Exchange, as trading volume picked up to 259.7 million shares.
BUSINESS
July 8, 1994 | From Times Wire Services
Stocks rose for the fourth straight day Thursday, while bond yields inched upward on expectations that June employment figures due out today will be weak enough to hold off an interest rate hike by the Federal Reserve Board. Stocks advanced as investors overcame their uneasiness about interest rates, focusing on economically sensitive companies and recently depressed issues. The Dow Jones industrial average climbed 13.92 points to 3,688.42 on Big Board volume of 259.74 million shares.
BUSINESS
July 6, 1994 | From Times Staff and Wire Services
Stocks inched higher Tuesday as bond yields dipped in light post-holiday trading, and as financial markets nervously awaited the outcome of a Federal Reserve Board policy meeting. Meanwhile, the dollar rose against the Japanese yen but fell against major European currencies as doubts grew that a weekend meeting of the Group of Seven industrialized nations will come up with a major rescue plan for the dollar.
BUSINESS
April 23, 1996 | From Times Wire Services
Cisco Systems Inc. will buy StrataCom Inc. for $4 billion in the largest takeover ever in the computer network equipment business, the companies said Monday. Cisco said the purchase will allow it to provide all the networking switches for voice, data and video communications across public computer networks such as the Internet and private ones. The acquisition would give Cisco a lead over its nearest competitors in a market niche that's been growing at the rate of 90% a year, analysts said.
BUSINESS
November 18, 1993 | From Times Staff and Wire Reports
Stocks fell Wednesday as investors took profits on shares that ran up in value during the previous session and worried about rising interest rates. * After falling in early trading, Treasury bond yields turned higher after an expected Federal Reserve purchase of government securities failed to materialize.
BUSINESS
June 24, 1994 | From Times Wire Services
A rout in technology issues pushed Wall Street lower Thursday, leading analysts and traders to worry that the entire market may be poised for a deeper selloff. However, bonds and the dollar were steady while commodity prices continued to tumble, taking a key inflation index lower for the fourth straight day. The Dow Jones industrial average, which had shed 103 points in three sessions before recovering 16.80 points Wednesday, closed down 25.68 at 3,699.09.
Los Angeles Times Articles
|