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Software industry

Takeover Rumors Send Stock Shares of Lotus, Apple Higher

Strategic Insights

— 1 min read

Amidst growing pressure from Microsoft, Lotus Development Corp. is said to be in talks with AT&T and IBM, fueling speculation about a potential acquisition. Meanwhile, Apple Computer Inc. stock has surged on reports of rumored buyout talks with Oracle Corp., Philips Electronics NV, and Matsushita Industrial Co. Analysts predict that these rumors will continue to drive market activity, with Lotus's 1-2-3 spreadsheet product under particular pressure. The evolving Lotus-AT&T partnership, AT&T Network Notes, is gaining traction, with market trials underway.

Key Takeaways:

  • Lotus Development Corp. is under pressure from Microsoft, leading to rumored talks with AT&T and IBM.
  • Apple Computer Inc. stock has increased due to reports of buyout talks with Oracle Corp., Philips Electronics NV, and Matsushita Industrial Co.
  • Analysts predict that Lotus's 1-2-3 spreadsheet product will be a key focus area in the next round of rumors, tied to IBM.
  • The Lotus-AT&T partnership, AT&T Network Notes, is advancing, with market trials underway.
  • Lotus's e-mail and workgroup communications software are performing well, in contrast to the pressure on its spreadsheet product.
  • Oracle Corp. has reportedly consulted with former junk-bond king Michael Milken on a potential Apple acquisition.
  • Spokesmen for AT&T and Lotus are declining comment on reported acquisition talks.
  • Apple, Oracle, and Matsushita have denied involvement in buyout talks.

Statistics:

  • Market trials for the Lotus-AT&T partnership, AT&T Network Notes, are currently underway.
  • Stock shares of Lotus Development Corp. have increased amid takeover rumors.
  • Apple Computer Inc. stock has surged on reports of buyout talks with Oracle Corp., Philips Electronics NV, and Matsushita Industrial Co.
  • Approximately two months ago, Bloomberg reported on Oracle's consulting with Michael Milken for a potential Apple acquisition.

Sources:

  • The Wall Street Journal, "Oracle Said to Have Consulted With Milken on Apple Deal" (no publication date mentioned)
  • Bloomberg, "Oracle's Milken Deal Aids Apple's Purchase Prospects" (published on an unspecified date, approximately two months prior to the original article)

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