Microsoft Corp.
IBM's CEO, Louis Gerstner, admitted that the company has failed in its attempt to establish a software alternative to Microsoft's dominant position in the desktop computer market. The concession comes as Microsoft prepares to launch Windows 95, which is expected to further solidify its grip on
Computer industry
At just 39 years old, Bill Gates has reached the pinnacle of wealth and power, becoming the world's richest man with a net worth of $12.9 billion. Forbes magazine crowned him the top magnate, surpassing Japanese real estate tycoon Yoshiaki Tsutsumi, who had held the spot for
Computer industry
The solicitors' guarantee fund, once a symbol of trust between the legal profession and the public, has been left severely drained after a series of mishandled investments. The fund, which is supposed to compensate victims of solicitors' misconduct, now faces a $25 million shortfall, with some clients facing
International Business Machines Corp.
IBM's massive acquisition of Lotus Development Corp. for $3.5 billion in cash, the largest in the computer industry to date, promises to bring together two industry leaders in a "win-win" partnership according to IBM CEO Louis Gerstner. The deal, which stunned the computer industry, will
International Business Machines Corp.
Fulcrum Technologies Inc. has attracted a high-profile hire in the form of Mike Laginski, the former director of product management for Lotus Notes at Lotus Development Corp. Laginski's decision to leave the industry-leading Lotus Notes software was reportedly not solely driven by IBM's hostile takeover bid
Computer industry
IBM, the American technology conglomerate, has made a significant move in the software industry by launching a $3.3 billion hostile bid for Lotus Development, the third-largest maker of personal computer software in the US. This bid, if successful, would be the largest in the software industry to date. IBM&
Computer industry
In a strategic move, IBM is bidding $3.3 billion for Lotus Development Corporation, marking a significant shift in the software industry. As Louis Gerstner, IBM's CEO, emphasizes the importance of software in today's computer world, hardware is being treated as a commodity. This acquisition confirms
Computer industry
IBM has introduced the first PC server that can run both PC and mainframe-based applications, called the IBM PC Server 500 S/390. This innovative server combines the reliability and high performance of the PC Server 500 with System/390 architecture, enabling application developers to write and test mainframe applications
Computer industry
The Mind Path Remote Control, the first IRDA-compliant remote control, has been selected by IBM Corporation to ship with the innovative ThinkPad 755CV Notebook computer. This all-in-one presentation system includes a built-in LCD projection panel, allowing users to create and deliver presentations with ease. The remote control offers 5-channel switching,
Computer industry
IBM and Mercedes-Benz U.S. International announced a 12-year contract for the design, integration, and management of the information technology infrastructure for Mercedes-Benz's new U.S. passenger vehicle manufacturing plant in Tuscaloosa County, Alabama. The contract involves the installation and integration of computer hardware, software, and information technology
Computer industry
Baan Company, a leading supplier of client/server, Enterprise Resource Planning (ERP) software solutions, has been awarded a significant contract by IBM to provide TRITON applications software and services to Mercedes-Benz U.S. International Inc. The partnership, announced on May 15, 1995, will see Baan's TRITON software serve
Network software
IBM is set to revolutionize the way customers use their personal computers with the introduction of Select-a-System, a unique setup process that allows users to easily switch between OS/2 Warp and DOS/Windows on their PC at no additional cost. This innovative feature, which will be standard on most
