It begins to look as if Digital Equipment Corp is the industry’s most conspicuous underachiever may be something to do with lack of ambition: presenting the ghastly fiscal 1996 figures, chief executive Robert Palmer reportedly compared DEC to an Olympic gymnast who has climbed back onto the balance beam after a fall, saying Our strategy is working – but if you’ve fallen off the beam, you’re out of reach of even a bronze, and likely to be eliminated before the next round…
JTS Corp does not even mention Atari Corp’s Jaguar games machine in its announcement of its acquisition of the company, lending weight to suspicions that the company was only after Atari’s cash and its American Stock Exchange quotation: This merger is another step toward our goal of becoming a leading international supplier of hard disk drives in the rapidly growing hard disk drive market, says David Mitchell, chief executive of JTS – and We are excited about being part of JTS Corp, the disk drive market is growing rapidly and we continue to be excited about the prospects of the 3 Nordic disk drive, says Jack Tramiel, former chairman of Atari; JTS, which makes its disk drives in Madras, says its Atari Division licenses and markets software in the multimedia market.
And, despite having made its fortune taking strings of companies public on Nasdaq, Hambrecht & Quist Group Inc will trade its own shares on the New York Stock Exchange.
America Online Inc is moving its shares up to the Big Board: according to the Wall Street Journal, the company is hoping that the move from Nasdaq to a New York Stock Exchange listing will dampen the manic volatility in its share price.
