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OS/2 Shareware BBS: 16 Announce
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1991-07-03
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APf 07/03 1333 IBM-Deals
Copyright, 1991. The Associated Press. All rights reserved.
By The Associated Press
Here is a look at recent agreements International Business
Machines Corp. has forged with other computer makers in the past
few weeks:
--June 18: IBM announces it will invest up to $100 million in
financially troubled Wang Laboratories Inc. of Lowell, Mass.
Meanwhile, Wang will resell IBM computers and cut back on its own
computer manufacturing to concentrate on developing office software
and computer imaging products that will run on IBM computers.
--June 24: IBM and Lotus Development Corp. of Cambridge, Mass.,
team up in a venture expanding IBM's line of office software while
giving more exposure to Lotus products. Under the agreement, IBM
will sell Lotus' Notes program, which allows groups of people to
share information through computer networks, as well as Lotus'
electronic mail product, cc:Mail.
--June 24: IBM and Borland International Inc. of Scotts Valley,
Calif., enter an alliance to develop and sell certain software to
work with a new version of IBM's OS-2 operating system.
--July 3: IBM and Apple Computer Inc. of Cupertino, Calif.,
announce a broad agreement to share technology. The deal includes
a joint venture in computer software that will simplify computer
programming, and integration of Apple's highly successful Macintosh
computer design into IBM systems.
APf 07/03 1314 Business News Digest
Copyright, 1991. The Associated Press. All rights reserved.
Thursday AMs:
Here are the top business stories at this hour. Jill Arabas is
the supervisor. If you have questions about the spot news and
feature report, call AP Business News at 212-621-1686.
APPLE-IBM:
The Unthinkable Alliance Between Computer Giants Becomes Reality
NEW YORK -- Former enemies Apple Computer and IBM join forces
in a broad agreement that could reshape the future of the computer
industry and make easy-to-use machines available to an expanded
array of consumers and businesses. The friendship treaty between
the two superpowers is the most dramatic example of increased
cooperation among the giants of the business. "This is the most
unthinkable alliance that has become thinkable in a very short
time," one industry analyst says.
Slug AM-Apple-IBM. Developing. By Business Writer Rick
Gladstone. Moving on FFF- and AAA-level news wires. Graphic.
Easier to Use Computers May Result from Superpower Pact
NEW YORK -- The alliance of Apple Computer Inc. and
International Business Machines Inc. could result in easier-to-use
personal computers and more graphically oriented big computers used
in the corporate world, analysts say.
Slug AM-Apple-IBM-Users. Developing. By Business Writer Stefan
Fatsis. Moving on FFF-level news wires.
And the Big Loser Could Be Microsoft
SEATTLE -- Microsoft Corp.'s stock tumbles on news of an
agreement between Apple Computer and IBM. Microsoft long has been
a major provider of software for the two computer companies, but
its relations with both have cooled recently.
Slug AM-Microsoft. Developing. By Business Writer George
Tibbits. Moving on FFF-level news wires.
With:
--BC-Apple-Glance and BC-IBM-Glance.
--BC-Apple-IBM-Deal, a glance on the agreement.
--BC-IBM-Deals, a glance on IBM's agreements with its
competitors.
--BC-Apple-IBM-Impact, a glance rounding up impact on users,
industry and the markets.
OTC 07/03 1311 MICROSOFT MOVES AHEAD WITH PLANS TO LICENSE, SHIP
...
REDMOND, WA (JULY 3) BUSINESS WIRE - Microsoft Corp. is extending
contracts for current licenses of OS/2 version 1.3 to allow
computer manufacturers (OEMs) to sell version 2.0 when it begins
shipping sometime around the end of the year.
Microsoft said the extended contracts will allow OEMs to stay
competitive with IBM Corp. in terms of pricing and availability.
OS/2 is developed as part of a Joint Development Agreement (JDA)
between Microsoft and IBM. The two companies announced last fall
that IBM was taking over development of version 2.0 while Microsoft
focused on version 3.0. IBM has announced plans to ship version
2.0 before the end of 1990. Microsoft's OEMs will be able to ship
OS/2 at the same time.
Under the JDA, Microsoft will provide OEMs with exactly the same
OS/2 code that IBM ships. This means that products such as OS/2
Extended Services/2 and OfficeVision will run on OS/2 from other
manufacturers.
"IBM, recognizing the speed with which customers are moving to
Windows applications, is promising that this first release of 2.0
will provide 'better Windows than Windows,' and has defined running
Windows 3.0 applications as a requirement for OS/2 to succeed,"
said Steve Ballmer, Microsoft senior vice president, systems
software. "We are pleased that IBM has taken to heart the need to
do a great job of supporting Windows users in the first release of
OS/2 2.0, but we believe IBM's commitment is very aggressive."
More than 50 OEMs license OS/2 version 1.x from Microsoft, and
Microsoft expects them to offer version 2.0.
"Microsoft wrote the bulk of version 2.0, prior to our handing
it over to IBM " Ballmer said. "OS/2 1.3 and LAN Manager form a
foundation for server applications, and OS/2 2.0 needs to continue
that tradition."
Microsoft is the only vendor to supply OEMs with a full line of
Intel-based operating systems -- DOS(a), Windows, and OS/2.
Microsoft will enable OEM customers to easily offer all these
systems, and market forces can determine their respective success.
Microsoft strategy and focus for the desktop remains centered on
Windows.
Microsoft Corp. (NASDAQ:MSFT) develops, markets and supports a
wide range of software for business and professional use, including
operating systems, network products, languages and applications,
as well as books, hardware and CD-ROM products for the
microcomputer marketplace.
CONTACT: Microsoft Corp., Redmond
Marty Taucher, 206/882-8080
For General Sales and Product Information, 800/426-9400
or
Waggener Edstrom, Portland, Ore.
Collins Hemingway, Pam Edstrom, 503/245-0905
Reut 07/03 1032 NASDAQ SHARES SHARPLY LOWER IN MORNING TRADE
NEW YORK, July 3, Reuter - A sharp selloff in Microsoft and
weakness in the blue chips hammered the U.S. over-the-counter
market, traders said.
The NASDAQ index tumbled 3.66 to 475.12 on about 16 mln shares.
Losers led gainers by two to one.
"It was like a free fall," said Bob Antolini at Donaldson
Lufkin Jenerette, referring to the wave of selling on the open.
"Microsoft dragged down other big-name tech stocks."
Microsoft tumbled 4-7/8 to 63-1/4 after IBM and Apple Computer
announced an agreement to form a new system software company which
will be in direct competition with Microsoft. Apple Computer jumped
1-1/8 to 43-1/2.
Mentor Graphic dropped 2-1/8 to 13-3/4. The company said late
Tuesday it expected its second quarter loss to exceed the first
quarter loss.
Intel, which fell 2-5/8 on Tuesday, eased another 3/8 to
42-3/8. Sun Microsystems, another battered technology stock, fell
1/4 to 26-1/4. Novell lost 7/8 at 48-3/4. Adobe System was off 3/8
at 44-1/8.
U.S. Bancorp fell 1-7/8 to 26 after it said its second quarter
earnings would fall behind the first quarter's.--NCW
APn 07/03 1157 Apple-IBM
Copyright, 1991. The Associated Press. All rights reserved.
By RICK GLADSTONE
AP Business Writer
NEW YORK (AP) -- Apple Computer and IBM, historic antagonists
in the computer industry, officially ended that bitter relationship
today with a broad agreement on technology-sharing.
Breaking their silence after weeks of speculation, Apple and
International Business Machines Corp. announced general principles
of the agreement, which will combine the strengths of both to
"integrate into existing and future products."
Apple's stock jumped $1.25 a share on the news to $43.50 in
nationwide over-the-counter trading this morning. IBM's stock fell
37.5 cents a share to $98.75 on the New York Stock Exchange.
The agreement amounts to a friendship treaty between the two
superpowers in the computer industry, which has been particularly
hurt by the recession. Both companies have reported sharply lower
earnings recently, trimmed their work forces and promoted
lower-priced machines to boost sales.
Perhaps more important, the alliance could herald what industry
analysts call an era of easy-to-use computers, resulting from the
marketing pre-eminence of IBM and the creativity of Apple, which
revolutionized personal computers with its user-friendly Macintosh
machines.
"I think it's a very interesting and powerful force," said Barry
Bosak, who follows the computer industry for Smith Barney, Harris
Upham & Co. in New York. "Here are two companies that represent 40
percent of the industry joining together."
Apple and IBM said the agreement calls for a joint venture in
computer software aimed at simplifying programming industrywide;
integration of Apple's highly successful Macintosh computer design
into IBM systems; the design and application of powerful new
computer chips provided by Motorola Inc.; and the promotion of
software for multimedia technology, one of the fastest growing
segments of computers.
In a statement, the companies said definitive contracts between
the two are expected to be signed later this year and further
details would be released later. Products resulting from the deal
should reach the market over the next two or three years, the
statement said.
Analysts said the software and chip elements of the agreement
were particularly significant because they pose a formidable
challenge to the current leaders. Microsoft Corp. dominates the
market in in software and Intel Corp. dominates in chips, the basic
components of a computer's brain.
After the deal was announced, Microsoft tumbled $4.75 a share
to $63.375 in over-the-counter trading and Intel fell 62.5 cents
a share to $42.25.
For Apple, a 15-year-old Silicon Valley success story that
prides itself on independence, joining forces with IBM amounts to
a major reversal of attitude toward the world's largest computer
company, which Apple executives once derided as an arrogant
behemoth. The agreement presumably will give Apple greater access
to a vast market dominated by IBM machines.
For IBM, which once rejected collaboration with smaller
competitors, the pact with Apple represents the most far-reaching
move yet by the company to develop relationships with other
computer companies, part of an effort to become more responsive and
adaptable.
IBM recently announced cooperative ventures with Wang
Laboratories Inc., Lotus Development Corp. and a smaller software
concern, Borland International Inc.
Computer industry analysts have said they expect to see more
cooperative relationships between computer companies because the
industry is maturing and no single company has the resources to
develop major products alone.
Apple, based in Cupertino, Calif., is one of the leading
producers of personal computer systems, with manufacturing sites
in California, Europe and Asia and more than 15,000 employees.
IBM, with headquarters in Armonk, N.Y., is the largest computer
company in the world and the fourth-largest U.S. industrial
corporation, with revenues exceeding $69 billion last year. It has
more than 373,000 employees worldwide.
OTC 07/03 1153 IBM, APPLE ANNOUNCE AGREEMENT TO JOINTLY CREATE
...
NEW YORK (JULY 3) UPI - International Business Machines Corp. and
Apple Computer Inc. said Wednesday the two computer giants have
signed a letter of intent to jointly create new software products.
IBM and Apple said they will develop and market new technologies
that both companies will put into existing and future products as
well as offer for use on other manufacturers' computers.
The companies said letter of intent covers four areas of
understanding:
-The companies will work on a joint venture to create software
applicable from laptop to large computers.
-IBM and Apple will work to integrate Apple's Macintosh into
IBM's system. The companies said they will also develop and market
an advanced operating system combining the best of IBM and
Macintosh.
-Apple plans to adopt use of IBM's microprocessor in future
Macintosh personal computers. Schaumburg, Ill.-based Motorola Inc.
and IBM will design and manufacture a new family of chips.
-The companies will have common platforms for the industry,
working to create and license software that will stimulate
widespread industry development of this new technology.
Apple is based in Cupertino, Calif. IBM has its headquarters in
Armonk, N.Y.
UPne 07/03 1145 IBM, Apple announce agreement
NEW YORK (UPI) -- International Business Machines Corp. and
Apple Computer Inc. said Wednesday the two computer giants have
signed a letter of intent to jointly create new software products.
IBM and Apple said they will develop and market new technologies
that both companies will put into existing and future products as
well as offer for use on other manufacturers' computers.
The companies said letter of intent covers four areas of
understanding:
--The companies will work on a joint venture to create software
applicable from laptop to large computers.
--IBM and Apple will work to integrate Apple's Macintosh into
IBM's system. The companies said they will also develop and market
an advanced operating system combining the best of IBM and
Macintosh.
--Apple plans to adopt use of IBM's microprocessor in future
Macintosh personal computers. Schaumburg, Ill.-based Motorola Inc.
and IBM will design and manufacture a new family of chips.
--The companies will have common platforms for the industry,
working to create and license software that will stimulate
widespread industry development of this new technology.
Apple is based in Cupertino, Calif. IBM has its headquarters in
Armonk, N.Y.
UPn 07/03 1154 IBM, Apple announce agreement
NEW YORK (UPI) -- International Business Machines Corp. and
Apple Computer Inc. said Wednesday the two computer giants have
signed a letter of intent to create new software products together
and integrate Apple's Macintosh into the IBM system.
IBM and Apple said they will develop and market new technologies
that both companies will put into existing and future products as
well as offer for use on other manufacturers' computers.
The companies' letter of intent covers four areas:
--They will work on a joint venture to create software
applicable from laptop to large computers.
--IBM and Apple will work to integrate Apple's Macintosh into
IBM's system. The companies said they will also develop an advanced
operating system combining the best of IBM and Macintosh.
--Apple plans to adopt use of IBM's microprocessor in future
Macintosh personal computers. Schaumburg, Ill.-based Motorola Inc.
and IBM will design and manufacture a new family of chips.
--The companies will have common platforms for the industry,
working to create and license software that will stimulate
widespread industry development of this new technology.
Apple is based in Cupertino, Calif. IBM has its headquarters in
Armonk, N.Y.