Cray Research Eyes Japan Trade Boost With Supercomputer Purchases
Cray Research could gain about 40 to 50 million dollars annually if Japan buys more US made supercomputers for government agencies and universities, as Tokyo seeks to ease trade frictions with Washington. Analysts say four to five extra sales would lift Cray’s 1988 revenue by roughly 40 to 50 million, aiding the firm’s goal to expand in Japan while tensions over chips linger.
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Cray Research
Gases
Japan
United States
Nook
Cray
W Securites
Jeff Cann
Hambrecht and Quist
San Francisco
Dot
Massag
Wade
Manche
Cray Canin
Jaffray
Frenzel
Meyer to lead Honeywell Bull as two-in-one chief executive
Jerome Meyer will serve as president and CEO of Honeywell Bull Inc., the new Bloomington based joint venture created when Honeywell sold 57.5 percent of its computer unit. Bull Cadfery calls Meyer uniquely qualified for a dual role as diplomat and business leader amid French and Japanese ownership. The venture, 42.5 percent owned by Bull with NEC at 15 percent, aims to integrate American market sensibilities with French management and Japanese technology, focusing on minicomputers and expanding beyond Honeywell Information Systems core markets.
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Jerome Meyer
Chhef
Bloomington, Mine
Henry Kissinger
Honeywell Bull Inc
Honeywell
Compagnie Des Machines Bull
Honeywell Bull
Meyer
NEC Corp
Japan
Bull Cadfery
Gartner Group
Stamford
Conn
Jerry
Caffery
NEC
Bull
U.S
Honeywell Information Systems
Memphis firm seals first China hardwood import deal
Memphis firm Russell Stadelman & Co. announced a landmark import export arrangement with China after 15 months of trust building. Northern Chinese hardwoods birch and ash will ship to the United States, with plywood and veneer later sold to U.S. buyers. Initial 510 ton shipment valued at about 950000 dollars and first U.S. pulpwood and paper shipment to China worth about 12.4 million dollars are planned. The effort involves Beijing officials and three provinces led by Heilongjiang and marks a shift in Sino U.S. trade relations in timber products.
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Memphis
Russell Stadelman II
Russell Stadelman & Co
Peoples Republic of China
U.S
Stadelman
United States
China
Beijing
Heilongjiang
Manchuria
Dow Jones advances after prime rate hike on Wall Street
On a day of mixed trading investors oscillated between anxiety and calm after Citibank and Chase Manhattan raised their prime rate to 7.75 percent from 7.5. The Dow edged up 11.36 to 2316.05 as volumes reached 182.63 million on the NYSE while decliners led gainers 1050 to 579. S&P indices climbed with the industrials and the 400 up 1.60 to 337.13 and the S&P 500 rising 0.69 to 2792.39.
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Wall Street
New York Stock Exchange
Citibank
Chase Manhattan Bank
Standard & Poor
S&p
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John Rollwagen
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Slinger Pa
Pwes
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Honds Motor Ca
Nissan Motor Co
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Toshiba Corp
Century Research Center Corp
Mitsubishi Research Institute
Canin
Cres
Amauter Laren
International Corporation
By Steve Gross
Minneapolis Star and Tribune
Broomington
By Laura Colewan
Scripps Howard News Service
Dow Jones
Rosemont Ave
E. Patrick St
Frederick County National Bank
LN Market
FDIC
Opossumtown
Buckeystown
EOE
Falco
Ivergreen
Tischer Autopark
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