View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 9, 1993


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.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy