1 Historiography 2 Scope, Scale, Concentric Diversification and The

Total Page:16

File Type:pdf, Size:1020Kb

1 Historiography 2 Scope, Scale, Concentric Diversification and The Notes 1 Historiography 1. CBI Auerbach Collection 91/2. J. R. Brandstadter, Project Engineer Auerbach Corporation. 6/12/1968. ‘Computer Categorization Study Submitted to Control Data Corporation’. 2. NAHC. B. B. Swann, 1975. ‘The Ferranti Computer Department’, private paper prepared for the Manchester University Computer Department. 3. As a side note, while in the US I drove past International Signals’ main building in Lancaster, Pennsylvania. Being vaguely familiar with the production of military radio equipment, I wondered at the time how a facility like that could possibly have a backlog of orders with billions. It turned out that they did not have these orders at all. 4. London School of Economics. Archival collection, ‘Edwards and Townsend Seminars on the Problems in Industrial Administration’. 5. CBI Archive. International Data Publishing Co. EDP Industry (and Market) Report, Newtonville, Mass., published from 1964. The company name was changed in the late 1960s to International Data Corporation, and is now commonly referred to as IDC. The 1960s and early 1970s reports from IDC appear within the US vs. IBM collection. 6. CBI Archive. J. Cowie, J. W. Hemann, P. D. Maycock, ‘The British Computer Scene’, Office of Naval Research Branch Office London, Technical Report, ONRL 27–67, unpublished, 17/5/67. 7. NAHC. Moody’s Investors Service Inc. Moody’s Computer Industry Survey. New York. 2 Scope, Scale, Concentric Diversification and the Black Box 1. In 2003 Deutsche Bank estimated HSBC spent €3.04bn on technology-related activity, Deutsche Bank, 2004. E-Banking Snapshot Number 10. Deutsche Bank Research P2. This represented about a fifth of all administrative costs of HSBC (€15.7bn – HSBC 2003 Annual Report at 31/12/2003 exchange rate). 3 RCA 1. CBI Archive. Warner, J.C. 1957. ‘A History of Radio Corporation of America-The Years to 1938’. RCA Engineer, August/September 1957: 3–6 – Warner was the Vice President of the Radiotron Division of the RCA Manufacturing Company. 2. Interestingly this was a paper based on a presentation to Harvard postgraduate business students – we will see in the UK cases that a similar series of seminars at the London School of Economics also provides a good record of structure change in the electrical/electronic industry. 3. CBI Archive. Engstrom, E.W. 1958. A history of Radio Corporation of America; the years 1938 to 1958, RCA Engineer, June–July 1958: 29–34. Engstrom was a Senior VP at RCA. 316 Notes 317 4. CBI Archive. Mastran, J.L 1956., How RCA Organization is Planned to Meet Changing Needs, RCA Engineer, Feb-March 1956: 32–5 – Administrator Organizational Plan- ning RCA. Mastran was RCA’s Administrator, Organizational Planning. 5. Ibid. 6. US vs. IBM, Px344A. RCA press release 1960.’Quarter-Century of Research is behind RCA’s EDP systems’, 13/4/60. 7. US vs. IBM, transcript (tr) 8652, Beard, A. D. Chief Engineer RCA Computer Systems Division. 8. CBI Archive. Rosen, S. 1969. ‘Electronic Computers: A historical survey’ Association of Computer Manufacturers Computing Survey. March 1969: 17. 9. US vs. IBM, tr8446, Beard. 10. US vs. IBM, tr8655, Beard. 11. US vs. IBM, tr8653, Beard. 12. CBI Archive. Martin H. Weik, 1957. Second Survey of Domestic Electronic Digital Computing Systems; report No. 1010, Ballistic Research Labs, Aberdeen Proving Ground Dept. of Army. 13. CBI Archive. Leas, J. W., 1956. ‘Engineering the RCA BIZMAC System’ RCA Engineer, Dec/Jan 1955/6: 10–21. Leas was Chief Product Engineer, Computer Engineering, Engineering Products Division, Camden N.J. 14. US vs. IBM, tr8652, Beard. 15. US vs. IBM, tr56507–8, Withington, F.G (Withington was an industry analyst and author of A. D. Little Consultants’ reports on the computer industry). 16. Leas, J.W. 1956: 10–21. 17. US vs. IBM, tr8653-4, Beard. 18. US vs. IBM, tr8661, Beard. 19. US VS. IBM, tr8677, Beard. 20. CBI Archive. Segal, R.J, Guerber, H.P. (RCA engineers), 1962 ‘COmLogNet Automatic Store-and-Forward Message-Switching Centres’, RCA Engineerr, Feb/ March 1962: 30–3. 21. US vs. IBM, tr8723, Beard. 22. Elliott, H.M. 1959 ‘The RCA 501 System’, RCA Engineerr, Feb–March 1959: 39. 23. US vs. IBM, tr9404, McCollister. E.S. (McCollister was the Marketing Vice President of the Computer Systems Division). 24. US vs. IBM, Px114, RCA, 1959. ‘Business Review of the Electronic Data Processing Division’ 1/12/59. 25. Ibid. 26. US vs. IBM, px244, RCA, 1965. RCA Computer Systems Division ‘Five-Year Plan’ March 1965. 27. CBI Archive. Bureau of the Budget, Executive Office of the President, July 1966 Inventory of automatic data processing equipment in the Federal Government. 28. US vs. IBM, tr9543, McCollister. 29. CBI Archive. Kranzley, A.S., 1960. ‘Planning the RCA 601 System’. Datamation. Sept/Oct 1960: 30. Kranzley was RCA Product Planning and EDP Methods Department manager. 30. CBI Archive. Elliott, H.M. 1960. ‘RCA and Commercial Computer Systems’. RCA Engineer. Dec60–Jan61: 5–7. Elliott was the manager of engineering at RCA. 31. US vs. IBM, tr9599, McCollister. 32. US vs. IBM, tr9009-9010, Beard. 33. Ibid, tr9004. 34. US vs. IBM, tr9404, McCollister. 318 Notes 35. US vs. IBM, tr8945, Beard. 36. US vs. IBM, px4462, IBM, 4/2/66. ‘Competitive Environment’. 37. CBI Archive. Bureau of the Budget, Executive Office of the President, July 1966 Inventory of automatic data processing equipment in the Federal Government. 38. Kranzley, 1960: 31. 39. RCA 301 and 601 announcement advert 1960. Datamation, May/June 1960: 14. 40. Kranzley, 1960: 31. 41. US vs. IBM, Px114, RCA, 1/12/59. ‘Business Review of the Electronic Data Processing Division’. 42. US vs. IBM, tr9546, McCollister. 43. Ibid., tr9544. 44. US vs. IBM, trS457/S, Beard. 45. Bergstein,H. 1962 ‘RCA and EDP’ Datamation, Oct 1962:57, an article based on interviews with McCollister. 46. US vs. IBM, trS722, Beard. 47. Ibid., tr8723-8. 48. US vs. IBM, tr9619, McCollister. 49. US vs. IBM, tr8717, Beard. 50. Ibid., tr8715. 51. Impact of Federal Research and Development Programs, House of Representatives Select Committee on Government Research, 88th Congress, 2nd session, report number 1938, December 28, 1964. 52. CBI Archive. Malearney, A.L. 1961.’The Outlook for DEP’. RCA Engineer, August/ Sept 1961: 6–9. Malearney was Executive Vice President, Defence Electronic Products division. 53. US vs. IBM, px242, RCA ‘EDP Five-Year Plan 1963–1967’. 54. US vs. IBM, tr8456, Beard. 55. US vs. IBM, tr9623, McCollister. 56. Ibid., tr9623. 57. US vs. IBM, tr8990, Beard. 58. US vs. IBM, 8487-a, Beard. 59. Ibid., tr9046. 60. Ibid., tr9048. 61. US vs. IBM, px242, RCA ‘EDP Five-Year Plan 1963–1967’. 62. Ibid. 63. Ibid. 64. Ibid. 65. US vs. IBM, tr9626, McCollister. 66. US vs. IBM, px243, RCA Computer Systems Division June 1964 ‘Five-Year Plan’. 67. Ibid. 68. US vs. IBM, tr9056, Beard; tr9626, McCollister. 69. US vs. IBM, tr8475, Beard. 70. Ibid. 71. US vs. IBM, tr8518, Beard; px244, RCA March 1965, ‘Five-Year Plan’. 72. Ibid. 73. US vs. IBM, px244, RCA CSD March 1965, ‘Five-Year Plan’. 74. Ibid. 75. US vs. IBM, tr9269-70, McCollister. 76. US vs. IBM, px245, RCA CSD, March 1966 ‘1966 Five-Year Plan’. 77. US vs. IBM, px244, RCA CSD, March 1965 ‘Five-Year Plan’. Notes 319 78. US vs. IBM, dx621, J.W. Rooney, 26/6/69. ‘Administrator Field Engineering’, RCA internal memo. 79. US v IBM, tr9913, Beard. 80. Ibid., tr9935. 81. Ibid., tr9914. 82. Ibid., tr9936. 83. US vs. IBM, tr12135, Rooney. 84. US vs. IBM, px840, Memo from Bradburn, J.R. to Sarnoff, R.W. 18/12/68, Bradburn was CSD’s general manager. 85. US vs. IBM, px245, ‘Five year plan’, 1965. 86. US vs. IBM, dx960, Fizzell, C.E. (IBM General Data Processing HQ), memo to Watson T. J. Jr, IBM CEO, 11/12/64. 87. Ibid. 88. US vs. IBM, px4459, IBM Data Processing Group ‘1967–1968 Operating Plan’ 7/11/66 p. 184. 89. US vs. IBM, tr9620-9622, McCollister. 90. US vs. IBM, tr 11156-57, McCollister. 91. Ibid, tr11158. 92. US vs. IBM, tr12217, Rooney, divisional VP for Marketing. 93. US vs. IBM, tr9803, McCollister. 94. US vs. IBM, tr12219, Rooney. 95. US vs. IBM, px245, RCA CSD, March 1966 ‘1966 Five-Year Plan’. 96. US vs. IBM, 12225/6, Rooney. 97. US vs. IBM, tr9809, McCollister. 98. US vs. IBM, tr11814, Rooney. 99. US vs. IBM, tr9817, McCollister. 100. US vs. IBM, tr12240, Rooney. 101. Ibid., tr12241. 102. US vs. IBM, dx872, Memo from Fazio, A.L. (head of VMOS4 development) to Rooney, J.W. ‘Impact of VMOS4 Slippage’, 24/12/70. 103. Ibid. 104. US vs. IBM, tr12264, Rooney. 105. Fisher, F.M., McKie, J.W., Mancke, R.B., 1983. IBM and the US Data Processing Industry: An Economic History. Praeger: 367. 106. US vs. IBM, Wright, V.O tr13114: Wright had joined RCA from IBM as head of government marketing. 107. US vs. IBM, dx868, internal RCA memo, Johnson, J. to the head sales Donegan, E. 3/2/71. 108. US vs. IBM, tr11939, Rooney. 109. US vs. IBM, dx936, Birkenstock, J.W. (IBM vice president), replying to RCA’s request for information, 22/7/70. 110. US vs. IBM, dx937, RCA correspondence to Birkenstock. 111. US vs. IBM, tr9838, McCollister. 112. Ibid., tr9839. 113. RCA Annual Report, 1970. 114. US vs. IBM, dx872, RCA ‘Returns Presentation’, 4/8/71. 115. CBI Auerbach Collection 91/6. Auerbach 3/1969. ‘An Evaluation of Computer Systems Inventory submitted to General Acceptance Corporation’. 116. ibid.: 5–4. 117. Ibid.: 5–4. 320 Notes 118. US vs. IBM, dx872, RCA ‘Returns Presentation’, 4/8/71. 119. US vs.
Recommended publications
  • On-Line Computing with a Hierarchy of Processors
    University of Pennsylvania ScholarlyCommons Technical Reports (CIS) Department of Computer & Information Science December 1968 On-Line Computing With a Hierarchy of Processors Richard P. Morton University of Pennsylvania Follow this and additional works at: https://repository.upenn.edu/cis_reports Recommended Citation Richard P. Morton, "On-Line Computing With a Hierarchy of Processors", . December 1968. University of Pennsylvania Department of Computer and Information Science Technical Report No. MS-CIS-69-13. This paper is posted at ScholarlyCommons. https://repository.upenn.edu/cis_reports/804 For more information, please contact [email protected]. On-Line Computing With a Hierarchy of Processors Abstract Time shared computer systems have been based upon the two techniques of multiprogramming and swapping. Multiprogramming is based on restricting each program to a portion of the total computer memory. Swapping requires considerable overhead time for loading and unloading programs. To alleviate the size restriction due to multiprogramming, segmentation is employed, resulting in fact in vastly increased swapping. A new system architecture is proposed for time shared computing that alleviates the high overhead or program size restriction. It utilizes a hierarchy of processors, where each processor is assigned tasks on the basis of four factors: interactive requirements, frequency of use, execution time, and program length. In order to study the hierarchical approach to system architecture, the Moore School Problem Solving Facility (MSPSF) was built and used. The study of the manner of operation and the reactions of the users clarified and defined the Hierarchy of Processors system architecture. The Moore School Problem Solving Facility was implemented on second generation equipment, the IBM 7040, and therefore it is not possible to adequately compare the efficiency with third generation computers operating in a swapping mode.
    [Show full text]
  • Intel Technology Journal
    Intel® Technology Journal | Volume 14, Issue 1, 2010 Intel Technology Journal Publisher Managing Editor Content Architect Richard Bowles Andrew Binstock Herman D’Hooge Esther Baldwin Program Manager Technical Editor Technical Illustrators Stuart Douglas Marian Lacey InfoPros Technical and Strategic Reviewers Maria Bezaitis Ashley McCorkle Xing Su John Gustafson Milan Milenkovic Rahul Sukthankar Horst Haussecker David O‘Hallaron Allison Woodruff Badarinah Kommandur Trevor Pering Jianping Zhou Anthony LaMarca Matthai Philipose Scott Mainwaring Uttam Sengupta Intel® Technology Journal | 1 Intel® Technology Journal | Volume 14, Issue 1, 2010 Intel Technology Journal Copyright © 2010 Intel Corporation. All rights reserved. ISBN 978-1-934053-28-7, ISSN 1535-864X Intel Technology Journal Volume 14, Issue 1 No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 750-4744. Requests to the Publisher for permission should be addressed to the Publisher, Intel Press, Intel Corporation, 2111 NE 25th Avenue, JF3-330, Hillsboro, OR 97124-5961. E mail: [email protected]. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in professional services. If professional advice or other expert assistance is required, the services of a competent professional person should be sought.
    [Show full text]
  • Trends in Electrical Efficiency in Computer Performance
    ASSESSING TRENDS IN THE ELECTRICAL EFFICIENCY OF COMPUTATION OVER TIME Jonathan G. Koomey*, Stephen Berard†, Marla Sanchez††, Henry Wong** * Lawrence Berkeley National Laboratory and Stanford University †Microsoft Corporation ††Lawrence Berkeley National Laboratory **Intel Corporation Contact: [email protected], http://www.koomey.com Final report to Microsoft Corporation and Intel Corporation Submitted to IEEE Annals of the History of Computing: August 5, 2009 Released on the web: August 17, 2009 EXECUTIVE SUMMARY Information technology (IT) has captured the popular imagination, in part because of the tangible benefits IT brings, but also because the underlying technological trends proceed at easily measurable, remarkably predictable, and unusually rapid rates. The number of transistors on a chip has doubled more or less every two years for decades, a trend that is popularly (but often imprecisely) encapsulated as “Moore’s law”. This article explores the relationship between the performance of computers and the electricity needed to deliver that performance. As shown in Figure ES-1, computations per kWh grew about as fast as performance for desktop computers starting in 1981, doubling every 1.5 years, a pace of change in computational efficiency comparable to that from 1946 to the present. Computations per kWh grew even more rapidly during the vacuum tube computing era and during the transition from tubes to transistors but more slowly during the era of discrete transistors. As expected, the transition from tubes to transistors shows a large jump in computations per kWh. In 1985, the physicist Richard Feynman identified a factor of one hundred billion (1011) possible theoretical improvement in the electricity used per computation.
    [Show full text]
  • The Evolution of Econometric Software Design: a Developer's View
    Journal of Economic and Social Measurement 29 (2004) 205–259 205 IOS Press The evolution of econometric software design: A developer’s view Houston H. Stokes Department of Economics, College of Business Administration, University of Illinois at Chicago, 601 South Morgan Street, Room 2103, Chicago, IL 60607-7121, USA E-mail: [email protected] In the last 30 years, changes in operating systems, computer hardware, compiler technology and the needs of research in applied econometrics have all influenced econometric software development and the environment of statistical computing. The evolution of various representative software systems, including B34S developed by the author, are used to illustrate differences in software design and the interrelation of a number of factors that influenced these choices. A list of desired econometric software features, software design goals and econometric programming language characteristics are suggested. It is stressed that there is no one “ideal” software system that will work effectively in all situations. System integration of statistical software provides a means by which capability can be leveraged. 1. Introduction 1.1. Overview The development of modern econometric software has been influenced by the changing needs of applied econometric research, the expanding capability of com- puter hardware (CPU speed, disk storage and memory), changes in the design and capability of compilers, and the availability of high-quality subroutine libraries. Soft- ware design in turn has itself impacted applied econometric research, which has seen its horizons expand rapidly in the last 30 years as new techniques of analysis became computationally possible. How some of these interrelationships have evolved over time is illustrated by a discussion of the evolution of the design and capability of the B34S Software system [55] which is contrasted to a selection of other software systems.
    [Show full text]
  • History of Computer Science from Wikipedia, the Free Encyclopedia
    History of computer science From Wikipedia, the free encyclopedia The history of computer science began long before the modern discipline of computer science that emerged in the 20th century, and hinted at in the centuries prior. The progression, from mechanical inventions and mathematical theories towards the modern concepts and machines, formed a major academic field and the basis of a massive worldwide industry.[1] Contents 1 Early history 1.1 Binary logic 1.2 Birth of computer 2 Emergence of a discipline 2.1 Charles Babbage and Ada Lovelace 2.2 Alan Turing and the Turing Machine 2.3 Shannon and information theory 2.4 Wiener and cybernetics 2.5 John von Neumann and the von Neumann architecture 3 See also 4 Notes 5 Sources 6 Further reading 7 External links Early history The earliest known as tool for use in computation was the abacus, developed in period 2700–2300 BCE in Sumer . The Sumerians' abacus consisted of a table of successive columns which delimited the successive orders of magnitude of their sexagesimal number system.[2] Its original style of usage was by lines drawn in sand with pebbles . Abaci of a more modern design are still used as calculation tools today.[3] The Antikythera mechanism is believed to be the earliest known mechanical analog computer.[4] It was designed to calculate astronomical positions. It was discovered in 1901 in the Antikythera wreck off the Greek island of Antikythera, between Kythera and Crete, and has been dated to c. 100 BCE. Technological artifacts of similar complexity did not reappear until the 14th century, when mechanical astronomical clocks appeared in Europe.[5] Mechanical analog computing devices appeared a thousand years later in the medieval Islamic world.
    [Show full text]
  • The Computer Revolution in Canada: Building National Technological Competence
    Document généré le 25 sept. 2021 11:11 Scientia Canadensis Canadian Journal of the History of Science, Technology and Medicine Revue canadienne d'histoire des sciences, des techniques et de la médecine The Computer Revolution in Canada: Building National Technological Competence. By John N. Vardalas. (Cambridge, MA: MIT Press, 2001. vi + 424 p., index. ISBN 0-262-22064-4 US$45.) Scott M. Campbell Volume 27, 2003 URI : https://id.erudit.org/iderudit/800471ar DOI : https://doi.org/10.7202/800471ar Aller au sommaire du numéro Éditeur(s) CSTHA/AHSTC ISSN 0829-2507 (imprimé) 1918-7750 (numérique) Découvrir la revue Citer ce compte rendu Campbell, S. M. (2003). Compte rendu de [The Computer Revolution in Canada: Building National Technological Competence. By John N. Vardalas. (Cambridge, MA: MIT Press, 2001. vi + 424 p., index. ISBN 0-262-22064-4 US$45.)]. Scientia Canadensis, 27, 126–129. https://doi.org/10.7202/800471ar Tous droits réservés © Canadian Science and Technology Historical Association Ce document est protégé par la loi sur le droit d’auteur. L’utilisation des / Association pour l'histoire de la science et de la technologie au Canada, 2005 services d’Érudit (y compris la reproduction) est assujettie à sa politique d’utilisation que vous pouvez consulter en ligne. https://apropos.erudit.org/fr/usagers/politique-dutilisation/ Cet article est diffusé et préservé par Érudit. Érudit est un consortium interuniversitaire sans but lucratif composé de l’Université de Montréal, l’Université Laval et l’Université du Québec à Montréal. Il a pour mission la promotion et la valorisation de la recherche.
    [Show full text]
  • Computer Conservation Society
    Issue Number 52 Autumn 2010 Computer Conservation Society Aims and objectives The Computer Conservation Society (CCS) is a co-operative venture between the British Computer Society (BCS), the Science Museum of London and the Museum of Science and Industry (MOSI) in Manchester. The CCS was constituted in September 1989 as a Specialist Group of the British Computer Society. It is thus covered by the Royal Charter and charitable status of the BCS. The aims of the CCS are: To promote the conservation of historic computers and to identify existing computers which may need to be archived in the future, To develop awareness of the importance of historic computers, To develop expertise in the conservation and restoration of historic computers, To represent the interests of Computer Conservation Society members with other bodies, To promote the study of historic computers, their use and the history of the computer industry, To publish information of relevance to these objectives for the information of Computer Conservation Society members and the wider public. Membership is open to anyone interested in computer conservation and the history of computing. The CCS is funded and supported by voluntary subscriptions from members, a grant from the BCS, fees from corporate membership, donations, and by the free use of the facilities of both museums. Some charges may be made for publications and attendance at seminars and conferences. There are a number of active Projects on specific computer restorations and early computer technologies and software.
    [Show full text]
  • 1992 Cern School of Computing
    ORGANISATION EUROPEENNE POUR LA RECHERCHE NUCLEAIRE CERN EUROPEAN ORGANIZATION FOR NUCLEAR RESEARCH 1992 CERN SCHOOL OF COMPUTING Scuola Superiore G. Reiss Romoli, L'Aquila, Italy 30 August-12 September 1992 PROCEEDINGS Editor: C. Verkerk GENEVA 1993 © Copyright CERN, Genève, 1993 Propriété littéraire et scientifique réservée Literary and scientific copyrights reserved in pour tous les paya < 11» inonde. Ce document ne all countries of the world. This report, or peut être reproduit ou traduit en tout ou en any part of it. may not be reprinted or trans­ partie sans l'autorisation écrite du Directeur lated without written permission ol the copy­ général du CERN, titulaire du droit d'auteur. right holder, the Director-General of CERN. Dans les cas appropriés, et s'il s'agit d'utiliser However, permission will be freely granted for le document à des fins non commerciales, cette appropriate non-commercial use. autorisation sera volontiers accordée. If any patentable invention or registrable Le CERN ne revendique pas la propriété des design is described in the report. CERN makes inventions brevetables et dessins ou modèles no claim to property rights in it but offers i( susceptibles de dépôt qui pourraient être for the free use of research institutions, man­ décrits dans le présent document ; ceux-ci peu­ ufacturers and others. CERN, however, may vent être librement utilisés par les instituts de oppose any attempt by a user to claim any recherche, les industriels et autres intéressés. proprietary or patent rights in such inventions Cependant, le CERN se réserve le droit de or designs as may be described in the present s'opposer à toute revendication qu'un usager document.
    [Show full text]
  • The Case of GEC/Marconi
    The Effect of Corporate Restructuring on the Shareholders’ Value: The Case of GEC/Marconi Magdy Abdel-Kader1* and Vagia Mentzeniot2 1 Brunel Business School. Brunel University. Uxbridge. Middlesex UB8 3PH. UK * Corresponding author: Tel: +44 (0)1895 266739. Fax: +44 (0)1895 269775. Email: [email protected] 2 Finance Division, Piraeus Bank Group, Headquarters, Stadiou & Amerikis 4, Athens, 10557, Greece Abstract GEC/Marconi’s transformation from a diversified conglomerate to a focused telecommunications and information technology company was an eventful and rambling transmission that resulted in the deterioration of shareholders’ value. It represents one of the most dramatic falls from grace in British corporate history and one of the greatest corporate governance fiascos of all time. The study investigates the wealth effects of Marconi’s sell-offs and acquisitions on its shareholders’ value by calculating the abnormal returns on the announcement days of all the disposals/acquisition during 1996-2002. The results support the view that shareholders’ value increases when a company proceeds to corporate sell-offs to pursue a focus strategy. However, the authors conjecture that GEC/Marconi has destroyed shareholders’ value through these disposals/acquisitions because of several mistakes, such as being prone to heavy debt. © 2007 World Research Organization. All rights reserved Keywords: Marconi, GEC, Restructuring, Disposals, Acquisitions, Divestiture Citation: Abdel-Kader, M. & Metzeniot, V. (2007). The effect of corporate restructuring on the stakeholder’s value: the case of GEC/Marconi. World Journal of Business Management. 1(1) 28-46 Introduction acquired firms rather than acquiring firms. A study by Berger and Ofek (1995) showed that diversification Diversification in the 1950’s and 1960’s gave rise to destroys value.
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2009 Commission File Number 001-00395 NCR CORPORATION (Exact name of registrant as specified in its charter) Maryland 31-0387920 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 3097 Satellite Boulevard Duluth, Georgia 30096 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (937) 445-5000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $.01 per share New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES x NO ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 (d) of the Act. YES ¨ NO x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES x NO ¨ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
    [Show full text]
  • 315 Random-Sequential Computer System, 1960
    IF RANDOM- SEQUENTIAL COMPUTER SYSTEM NCR provides a practical Price -Performance Ratio Price-Performance is the only accurate measure for evaluating computers. Transaction for transaction the NCR 315 does more work for less money. low-cost, high-performance is the cornerstone of design in the 315. keeps system price down The 315 keeps system cost down with a unique magnetic file system. requires fewer files. .reduces the cost of random type memory. The 315 keeps cost down through a high degree of expansibility. permits tailoring a system to your needs at the lowest possible cost. The 315 keeps cost down through efficient use of COBOL and other automatic coding techniques . .reduces overall programming costs. The 315 keeps cost down through an attractive lease arrangement and a low purchase price. keeps system performance up a The NCR 315 keeps system performance up through unmatched proc- essing flexibility.. permits each application to be processed in the most e5cient manner. The 315 keeps performance up through a high-speed internal operation, balanced by the proper combination of high-speed input-output units. The 315 keeps performance up through automatic program interrupt feature. keeps input-output units operating at maximum rate. re- sults in more efficient utilization of processor time. a The 315 keeps performance up through a powerful command structure . designed specifically for high-speed business data processing. Card Random Access Memory a unique magnetic file system CRAM, an NCR 315 exclusive, uses mylar magnetic cards for data storage. In effect, seven 14-inch strips of magnetic tape have been placed side by side to form the magnetic card.
    [Show full text]
  • Unix and Linux System Administration and Shell Programming
    Unix and Linux System Administration and Shell Programming Unix and Linux System Administration and Shell Programming version 56 of August 12, 2014 Copyright © 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2009, 2010, 2011, 2012, 2013, 2014 Milo This book includes material from the http://www.osdata.com/ website and the text book on computer programming. Distributed on the honor system. Print and read free for personal, non-profit, and/or educational purposes. If you like the book, you are encouraged to send a donation (U.S dollars) to Milo, PO Box 5237, Balboa Island, California, USA 92662. This is a work in progress. For the most up to date version, visit the website http://www.osdata.com/ and http://www.osdata.com/programming/shell/unixbook.pdf — Please add links from your website or Facebook page. Professors and Teachers: Feel free to take a copy of this PDF and make it available to your class (possibly through your academic website). This way everyone in your class will have the same copy (with the same page numbers) despite my continual updates. Please try to avoid posting it to the public internet (to avoid old copies confusing things) and take it down when the class ends. You can post the same or a newer version for each succeeding class. Please remove old copies after the class ends to prevent confusing the search engines. You can contact me with a specific version number and class end date and I will put it on my website. version 56 page 1 Unix and Linux System Administration and Shell Programming Unix and Linux Administration and Shell Programming chapter 0 This book looks at Unix (and Linux) shell programming and system administration.
    [Show full text]