View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 22, 1990

STORAGE TECHNOLOGY BEMUSED BY FALL

By CBR Staff Writer

While the International Stock Exchange in London displayed its contempt for the IRA and all its bombs by carrying on trading after the blast that ripped a great hole in the side of the Stock Exchange Tower on Friday, someone put a bomb under Storage Technology Corp shares on Wall Street and trading had to be suspended to prevent a disorderly market after a wave of selling pressure which drove the shares down to an indicated $25 from $28.625 at the last firm trade: the company was bemused by the development and said it knew of no aspect of its business that could account for it, noting that its second quarter figures were solid (see page five) and in line with expectations; a possible cause could be that someone had got wind of a planned IBM product that would compete with the tape library.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address 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.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU