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]
Set Time Zone Automatically in Snow Leopard
Frequent travelers may be interested to know that in Snow Leopard your time zone can now be set automatically by bringing up the Date & Time preference pane, clicking the Time Zone view, and selecting Set Time Zone Automatically. A progress spinner appears while Snow Leopard sends off information about the Wi-Fi signals in your vicinity and receives location data back.
- IBM's Been Taking Notes (12 Jun 95)