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99% Kodak set to buy Wang's software
Summary: Imaging World, October 21st, 1996 Kodak set to buy Wang's software. For Kodak, it's a missing piece, for Wang it's $$$ and focus. On the other hand, he continued, "Kodak may be offering a reasonable sum, which Wang can then turnaround and subsequently complete an acquisition of its own." David Yockelson, director of the Meta Group is skeptical, and hopes Kodak holds its offer below $200 million....
94% For $260 million, Kodak enters imaging softwar... Summary: For $260 million, Kodak enters imaging software with a bang. By Bruce Hoard, IW executive editor Industry watchers largely agree that Kodak's $260 million purchase of Wang's software business is money well spent. In addition, Yockelson believes Kodak is better positioned to make the software business a success than was Wang. "Kodak is emotionally committed to the technology, where Wang was...
91% Wang solid results outweigh criticism Summary: Imaging World, January 1st, 1997. Or will it be getting a marginal software player that has created an overblown image of itself? It can make the money now, or make the money later. Does Wang have a history of producing solid imaging and workflow products? According to him, "Wang has built a software business out of a couple of patents.
90% Wang takes a Vantage Summary: Wang takes a Vantage. Wang's Service Business Unit will continue to partner with PC Docs, providing services to DOCS Open software customers. But everyone thought it would be PC Docs." "Wang got the technology they were after," said Frappaolo, "and they got a vendor strong in the standards arena." Standards-based Wang is committed to open architecture.
90% Wang is no lame duck Although the presence of ... Summary: Imaging World, March 17th, 1997. Wang is no lame duck. Although the presence of Kodak is expected to be felt at AIIM, Wang's software unit will still be owned by Wang and could have a hard time not coming off as a lame duck, given the impending acquisition by Kodak. At any rate, Wang will be demonstrating its newly released Imaging for Windows Professional Edition as well as its other imaging...
88% Desktop document imaging comes of age Summary: Wang and Visioneer. Wang (Billerica, MA) and Visioneer (Palo Alto, CA) have announced an agreement that will bring together Wang's imaging software and Visioneer's leading desktop paper-scanning PaperPort. The agreement will provide users of Windows 95 with tools for transforming and managing paper documents as digitized images. By the end of the year, support for PaperPort will be added to...
87% Tucci says no to Novell Summary: Tucci says no to Novell. Wang (Billerica, MA) CEO Joseph Tucci was handed an $8 million thank you note from his board of directors following the $260 million sale of Wang's software unit to Eastman Kodak (Rochester, NY). Under the premise of a "retention bonus" because Tucci declined an offer to head Novell (Orem, UT), Wang acknowledges Tucci's role in the recent divestiture. Analysts speculate...
86% Wang healthcare initiative eases pain for phy... Summary: Wang healthcare initiative. Bruce Ryan, president of Wang Healthcare Information Systems, told IW that the company has worked on the healthcare enhancements for 18 months and has developed a new product browser. Marion McFarland, president and CEO of UCI Medical (Columbia, SC), says that he is optimistic about the use of Physicians' Workstation in his medical facility. UCI Medical staff have...
85% Bottom Line Summary: Revenue for the fourth quarter was $268.1 million, compared to $285 million in the prior fiscal year. Fourth quarter revenues from the company's OPEN/software grew to $15 million, up from $8.5 million in the prior year's quarter. Wang reports that fiscal 1996 earnings were $138 million vs. Revenues for the year were $1.09 billion, up 15% from $947.2 million in fiscal year 1995. Revenues for the...
85% It's a done deal Eastman Software is born Summary: Eastman Software is born. MA) software business. The new unit will serve as a separate subsidiary under Kodak's Business Imaging Systems organization, bearing the name Eastman Software. "Eastman Software is a dumb name, especially when you consider that one of the world's most highly recognized brand names was available," said IDC's (Framingham, MA) Gerry Murray. Kodak has acquired Wang...
85% Openimage for AS400 Summary: Open/image for AS/400. An open, client-server solution uniting fax documentation and image management is being introduced jointly by Wang (Billerica, MA) and Biscom (Chelmsford, MA). Open/image for AS/400 unites document imaging and workflow in the AS/400 environment and provides imaging capabilities to applications running on IBM's AS/400R host system. Wang is using Biscom's FaxCom fax server...
85% 50 who make a difference Summary: Delphi Consulting Group. Imerge Consulting. Wang. Arthur Gingrande, IMERGE Consulting 13. William Stratigos, Wang 40.
84% IDC study says Web dreams coming true A report... Summary: IDC study says Web dreams coming true. Based on the IDC report, the market for electronic document management solutions grew to 208,025 users by the end of 1996. Current Web products' abilities range from full access through a browser to view-only access. The report weighs these products' functionality two ways: Web-enabled--those with full browser functionality; and Web-accessible--those...
83% Bottom Line 12-16-96 Summary: The quarterly figures compare to revenue of $264.2 million, and a net loss of $20.7 million in the same quarter a year ago. "We are particularly pleased to have completed the I-Net acquisition during the quarter," said Joe Tucci, Wang CEO. Further, the workflow and object management developer reports a net loss of $3.7 million for the quarter. These figures compare with revenue of $16 million and...
81% 1996: the year in business Summary: Component imaging. Document management explodes. Also, several different approaches are maturing, such as a component imaging "build" approach, vs. An NT option has. Storage options:.
80% 1996 the year in review Summary: This turned out to be a nightmareon the good days. Wang ascends ... to somewhere. Long-term impact: Not to worry. Long-term impact: CDIA is just too good an idea to flop, and it won't. Long-term impact: The virtual potential here is so great that it's hard to figure out where to start.
79% Two giants battle over infrastructure Summary: Two giants battle over infrastructure. By moving up the application curve, Lotus and Microsoft (Redmond, WA) will create a market that is more document management-, forms software-, imaging- and workflow-aware. In our opinion the battle between Microsoft and Lotus is over infrastructure, and they are picking application features simply as a way to differentiate themselves from one another....
79% The Buzz 3-17-97 Summary: Don't shrink-wrap workflow management. "Workflow management can't be shrink-wrapped," he says. Document Manager, the Web-based document management groupware package that was scheduled for release Feb. The aforementioned Ian Campbell agrees, saying, "Document management and groupware are coming together. Campbell also has some interesting thoughts on the "dark side" of document management.
77% Anatomy of an acquisition Summary: Then there are the investor community considerations, like share price. In an acquisition, both the business and the investor perspectives play key roles. More than earnings, more than market validation, more than anything, growth was important; specifically, revenue growth. We could invest more in our technology and our marketing. We never thought they would grow from the acquisition as they...
76% Scanner/Web/VAR Beats Summary: Intrafed continues on the scene. BancTec announced a distribution agreement with TextWare. The Web beat. "We believe that publishing on- and off-line go hand in hand on the Web and CD, and we believe that automating the process is critical to the success of the project." Now they are asking how to solve problems."
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