Business Services Industry
IBM to Spin Off Morrisville, N.C.-Based Home-Networking Unit.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, January, 2000 by Dyrness, Christina
Jan. 7--MORRISVILLE, N.C.--IBM made it official Thursday. Big Blue will spin off its home networking division to create a new company called Home Director Inc.
Home Director will be private, funded by venture capital from Spencer Trask Intellectual Capital Co. Of Home Director's 90 employees, about 65 will be based in offices on Aviation Parkway in Morrisville. The rest are part of the sales staff, which will be spread around the country.
As expected, Mary Walker, former general manager of IBM's home networking division, will be chief executive officer of the new company. Leading a start-up with be a new experience for Walker after 17 years with a company that employs about 14,000 people in the Triangle alone. But she said she has worked with IBM...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
