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Article: Devices, desires.(international business news)(Brief Article)
- Article from:
- The Economist (US)
- Article date:
- March 6, 1999
CopyrightCOPYRIGHT 1999 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hewlett-Packard will spin off its instrument-making division into a separate operation. H-P may float 15% of the new outfit, which sells measuring and analytical devices. H-P will concentrate on computers and printers, which account for four-fifths of sales. The company hopes the move will boost its share price.
IBM and Dell signed a non-exclusive technology pact they valued at $16 billion. Over the next seven years, Dell will buy storage, microelectronics, networking and display technology from IBM.
Alcatel, a French telecoms firm, bought the remaining 95% of Xylan, an American Internet equipment company, for $2 billion. The deal boosts Alcatel's access ...