This article originally appeared in TidBITS on 1995-06-12 at 12:00 p.m.
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IBM's Been Taking Notes

by Geoff Duncan

IBM's Been Taking Notes -- Lotus Development Corporation announced Sunday that it will let itself be acquired by IBM at a price of $64 a share, with the total deal working out to about $3.5 billion (see TidBITS-280). Acquisition of Lotus is expected to put IBM in a better position to compete with Microsoft in the areas of desktop applications and groupware products. There's no word yet on the future of Lotus's Macintosh products, although long-time Macintosh advocates might find it ironic that IBM could be peddling Mac software in the near future. [GD]