Intergraph Still Struggles As Intel Law Suit Goes On

Computergram International, Feb 3, 1999

With shares that have halved in value in the past year, investors in Intergraph Corp will be hoping there is substances to reports that IBM and Silicon Graphics Inc are both interested in acquiring the struggling workstation vendor (CI No 3,552). Revenues for the year have slid 8.1% to $1bn though losses for the year are down from $70.2m to $19.6m.

Intergraph president and CEO, Jim Meadlock says a trial date has been fixed for February 14, 2000 in its long-running dispute with Intel Corp in which Intergraph has claims that Intel withheld technical information which robbed it of its leading position in the NT workstation market, and has blamed the case ever since for its woes. Whether Intergraph will still be around as a separate entity for its St Valentine's day date with Intel in the courtroom must be doubtful. Meadlock, however reckons the company is on track to be profitable in the current year.