The Lotus-Eaters -- Remember when the aborted Microsoft-Intuit merger - valued at over $2 billion - would have been the largest such deal in the history of the computing industry? No more! IBM today announced a $60 per share bid to take over Lotus Development Corporation. If the deal goes through it would be valued at approximately $3.3 billion, and IBM indicates it intends to pay for the purchase from "cash on hand." Lotus has resisted tight ties with IBM in the past, and this takeover bid has been characterized as "potentially hostile, IBM pursuing legal action to prevent Lotus from using a "poison pill" anti-takeover strategy. As of mid-morning, Lotus stock was up more than 25 points, with a volume over 10 million shares. [GD]
Find Graphics in TextEdit .rtfd Files
Want to find the graphics in a TextEdit document in the .rtfd format? The document is actually a package - a special kind of folder that looks like a file. To see and extract just the graphics, Control-click the document and choose Show Package Contents. A new window opens showing you just the embedded images, along with a TXT.RTF file that contains the text of the file.
- IBM's Been Taking Notes (12 Jun 95)