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]
Move to Top Shortcut in iPhone
On an iPhone, flicking all the way back up to the top of a long Web page can be a real drag. Instead, a single tap on the status bar moves you to the top of a page. (The status bar is where the clock is.) This tip also works in other apps, like Mail, Contacts, etc.
- IBM's Been Taking Notes (12 Jun 95)