View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 9, 1997updated 05 Sep 2016 1:01pm

THE PUCK STOPS HERE

By CBR Staff Writer

National Hockey League team The Hartford Whalers has won grudging approval for its move from Hartford, Connecticut, to North Carolina a year earlier than allowed in its contract with the state, but for a stiff price – it must pay a penalty of $21.7m. But the Whalers owner decided paying out lots of money now to make more later is a price worth paying. And he should know – for in his day job Peter Karmanos is chairman and chief executive officer of Farmington Hills, Michigan-based software and services heavyweight Compuware Corp. Compuware has had a difficult couple of seasons trying to move beyond a reliance on mainframe software to a more balanced mix of client/server and professional services, and he seems to have finally got his team there. Compuware’s fiscal 1997 (CI No 3,154) saw revenue up 32.3% to $812.9m, with net income increasing from $44.2m to $97.4m, with client/server, including the Uniface product development environment, up 8.1% year on year, to $88.0m of sales. Karmanos, a keen supporter of hockey, may have been criticized for moving the team to a new $120m facility in Raleigh, North Carolina, but he seems to know what he’s doing, both in the boardroom and in his luxury box at the hockey game, too.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

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