Article Abstract:
C. Michael Armstrong, thought to be a leading candidate to the chairmanship of IBM, announces he will leave IBM to join the Hughes Aircraft Co. Armstrong, who is a member of IBM's management committee and chairman of the company's foreign operations, was thought to have a better chance than anyone else to replace IBM's current chairman, John Akers, who is expected to retire in 1995. Some industry observers are confused by Armstrong's decision: Hughes is smaller than IBM, and as the head of Hughes, Armstrong will report to the GM Hughes Electronics division, which is Hughes' parent company. Armstrong himself says there was nothing certain about his future circumstances at IBM. On the other hand, he says, the Hughes offer is a definite opportunity that is open to him today.
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Article Abstract:
The European Community (EC) will give up its work on a European technology for high definition television (HDTV). EC Commissioner of Industry and Technology Martin Bangemann says there is no point in continuing work on an HDTV system because technological advances in the US have overtaken the work being done in Europe. Industry observers now believe that one or another of the systems being considered by the US Federal Communications Commission (FCC) will become a worldwide standard. Both Europe and Japan had concentrated their efforts on analog broadcasting, but it now seems clear that a digital technology will be accepted.
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Unisys Corp is negotiating toward a settlement in a Federal investigation regarding charges of bribery and fraud. The investigation, which has exposed corruption in Pentagon procurement practices, has already resulted in guilty pleas or convictions for many companies and individuals. Unisys's settlement reportedly would call for the company to admit guilt and pay $190 million. Unisys has cooperated with the government's investigation, which has been going on for several years. Specific charges that will be settled between the company and the government are not yet revealed.
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