n high technology firms which occurred during the decade of the 1980s are identified in Table 1, which may be found beginning on the following page. As the data presented in the table indicate, four of the 12 deals involved the acquisition of an American high technology firm by a foreign firm.
Industry concentration ratio effects in high technology industries resulting from those deals completed prior to 1989 are presented in Table 2, which may be found on page 5 (the concentration effects of 1989 deals were not firmly established at the time the data required for this current research were collected). As the data presented in Table 2 indicate, the
1G. Gilder, "American Technology At Fire Sale Prices," Forbes, 145 (22 January 1990): 60, 62, 64.
2G. Slutzker, "A Doctor's Son Had A Vision," Forbes, 145 (30 April 1990): 182 183.
Table 1 Pre Merger to Post Merger Industry Affiliations
(surviving firms listed last) =============================================================
Merger Partners Year of Merger Merger Value Industry
Apollo Compu 1989 $ 500 mil. Computers/ ters Hewlett Computers Packard
Hybritech 1986 $ 375 mil. Biotechnology/ Eli Lilly Pharmaceuticals
Genentech 1990 $ 2.1 bil. Biotechnology/ Hoffmann La Pharmaceuticals Roche*
RCA GE 1985 $ 6.0 bil. Electrical Electronics/
Electrical Electronics
ROLM 1984 $ 1.2 bil. Office equip IBM ment Compu ters/Office
...