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November 9, 1993

SCULLEY MAKES HIS MARK AT SPECTRUM INFORMATION

By CBR Staff Writer

John Sculley has firmly put his stamp on Spectrum Information Technologies Inc, the tiny Manhasset, New York digital radio communications specialist where he arrived three weeks ago: the founder and two other executives are departing, the company has agreed to pay $1.5m to settle its shareholder class action, there are cutbacks at Spectrum’s loss-making Data One unit, which sells mobile systems hardware and related systems, and Spectrum has signed a letter of intent to acquire TechniGlobal Inc, a New York-based contract engineering and consulting services company with 200 employees; Sculley says Spectrum will use profits from TechniGlobal, which is based on Staten Island, to fund Spectrum’s research and development and marketing expenses for building up its wireless data transmission business; it also won a new licensing agreement with US Robotics Inc for use of its technology in US Robotics modems.

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