Computer Associates agrees to acquire On-Line Software for about $120 million

Article Abstract:

Computer Associates International Inc will acquire On-Line Software International Inc for $120 million, or $15.75 a share. Rumors of the acquisition caused On-Line's stock to rise $1 on Thursday, Aug 15, 1991, and another $1 on Friday. When the agreement was announced, the stock increased by another $3, closing on Friday at $14.75. The acquisition is seen as 'a good fit' with 'very little overlap': On-Line produces software that is used to test and debug programs that run on data-processing managers' mainframe computers, while Computer Associates makes utility software used in mainframe data centers. Computer Associates has been criticized for trying to expand too fast. This is the company's first large purchase since it encountered troubles involving the 1989 acquisition of Cullinet Software.

author: Carroll, Paul B.
Publisher: Dow Jones & Company, Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
Prepackaged software, CA Inc., CA, Stock, Acquisition, On-Line Software International Inc., OSI

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IBM may buy Cadam business from Lockheed

Article Abstract:

International Business Machines Corp may purchase Lockheed's Cadam division for about $100 million, according to industry executives. Some Japanese companies are bidding, but industry sources say IBM is the front-runner. Cadam makes software for computer-aided design and computer-aided manufacturing (CAD-CAM). Such software is likely to play an increasingly important role in computer-integrated manufacturing (CIM). Cadam reported revenue of $84 million in 1988 and has been losing money, but the company's software has a loyal following. IBM apparently sees Cadam's products as strategic.

author: Carroll, Paul B.
Publisher: Dow Jones & Company, Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
Computer integrated systems design, CAD-CAM systems, Computer-aided design, Computer aided design, Divestiture, Computer-integrated manufacturing, Divestment, CAD/CAM, Lockheed Corp. Cadam Div.

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Perkin-Elmer sells chip technology to a U.S. group

Article Abstract:

Perkin-Elmer Corp has divested its semiconductor-equipment business to a group of U.S. companies including Silicon Valley Group Inc and IBM. Silicon Valley has a two-thirds interest and Perkin-Elmer retains slightly less than a 20 percent interest in the new company, which is named SVG Lithography Systems Inc. IBM has pledged to buy much of the optical-lithography equipment for the new company. Perkin-Elmer's operations had been a focus of concern over Japanese companies buying up U.S. semiconductor technology.

author: Carroll, Paul B.
Publisher: Dow Jones & Company, Inc.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
Semiconductors and related devices, United States, Semiconductor industry, Planning, Japan, International aspects, Japanese foreign relations, United States foreign relations, International competition (Economics), Silicon Valley Group Inc., SVGI, Perkin-Elmer Corp., Joint Venture, Japanese Competition, SVG Lithography Systems Inc.

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subjects list: Computer software industry, Software industry, Mergers, acquisitions and divestments, Investments, International Business Machines Corp., IBM
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