ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Tuesday, February 6, 1996 TAG: 9602060077
SECTION: BUSINESS PAGE: B-6 EDITION: METRO
Lotus loses 2 more top executives
CAMBRIDGE, Mass. - Two Lotus Development Corp. executives, including the high-profile head of its desktop software division, have resigned, joining the steady trickle of managers to leave Lotus in the wake of its hostile acquisition by IBM eight months ago.
The departures of Jeffrey R. Beir, a senior vice president responsible for development and marketing of Lotus desktop applications such as Word Pro and 1-2-3, and Russell J. Campanello, vice president of human resources, were confirmed Monday by a Lotus spokesman.
- The Boston Globe
Evergreen earns top fund rankings
Evergreen Funds, a family of funds owned by First Union Corp., won two honors in the past week.
Evergreen was ranked in the Feb. 5 issue of Barron's as ninth among the top 10 mutual fund families in the nation.
Lipper Analytical Services placed Evergreen Virginia Municipal Bond Fund in first ranking for this state in 1995, saying long-term positioning and lower interest rates helped Evergreen outpace 29 other Virginia bond funds. The Evergreen family consists of 35 funds with assets of about $13.8 billion.
- Staff report
New bid competes for dialysis unit
FORT LAUDERDALE, Fla. - A tug of war over W.R. Grace & Co.'s health care unit is expected to continue today, although it did not appear it would lead to higher bids.
Chicago-based Baxter International said Monday it will talk to Grace shareholders and analysts to suggest that its $3.8 billion bid for National Medical Care Inc. is less risky than one approved by Grace's board Sunday. But the company said it has no plans to raise the offer.
Grace had agreed to sell National Medical to Fresenius A.G. of Germany in a complex deal analysts valued at $4.1 billion to $4.5 billion. The deal would combine the world's largest operator of kidney disease treatment centers with Fresenius's kidney dialysis machines and supplies to create Fresenius Medical Care.
- Fort Lauderdale Sun-Sentinel
Briefly ...
Micron Technology Inc. director Allen Noble resigned from the board Monday, 10 days after the Idaho-based computer chip company rehired the chief executive he had forced out. Micron chairman and CEO Steve Appleton quit Jan. 18 at a board meeting but was rehired Jan. 26 after several other executives threatened to leave.
A new art gallery specializing in "all things wildlife" opens Wednesday at Westlake Corner in Franklin County near Smith Mountain Lake. Westlake Wildlife Inc. features limited-edition prints, plates, decoys, sculptures, jewelry, etched glass, books, music and more. Judy Sears is company president. The gallery is near Virginia 616 and Virginia 122. Call 721-4414 for more information.
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