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]
Keyboard-based Dock Navigation
If you're a fan of keyboard shortcuts and navigation, you may want try accessing the Dock from your keyboard. Press Control-F3 to enter the Dock's keyboard access mode. Then you can press a letter corresponding with an item's name to select it; press Return to open it, Command-Q to quit the selected application, or Escape to exit keyboard access mode. You can also use the arrow keys, Tab key, and other keyboard navigation keys to toggle between the Dock items.
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- IBM's Been Taking Notes (12 Jun 95)