High Technology Industries

When one thinks of merger and acquisition activity in hightechnology industries, the most prevalent conception is of a union of firms engaged in similar endeavors. In fact, however, firms outside of the hightechnology classification often acquire hightechnology firms. Conversely, some hightechnology also make acquisitions outside of the hightechnology classification. For the purposes of this current research, however, only deals involving the acquisition of an American hightechnology firm (by either another hightechnology firm, or by a firm from outside of the hightechnology classification) were considered.

Of particular concern to many people in the United States in the early1990s, is the potential for American hightechnology firms to be acquired by foreign firmsthe fear being that the United States will lose either or both control over the pace and direction of hightechnology development, and, possibly, the ability to compete globally in hightechnology markets. To a great extent, these fears appear to hold some deg

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==================== Merger Partners Year of Merger Value Profit Change (%) Merger  Merger NonMerged      Hybritech 1986 $ 375 mil.  1.5 + 0.0 Eli Lilly RCAGE 1985 $ 6.0 bil.  1.2  12.0 ROLMIBM 1984 $ 1.2 bil.  6.1  4.0 Sanders/Lockheed 1986 $ 1.2 bil  9.1  4.0 Sperry/ 1986 $ 4.4 bil. + 6.4 + 0.0Burroughs (Unisys) Tymshare 1984 $ 306 mil.  1.4 + 1.0McDonald/Douglas [sources: W. T. Grimm & Co., 1987; W. T. Grimm & Co., 1986; Standard & Poor's Compustat Services, 1984, 1985, 1986, 1987, 1988] ========================================
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Some common words found in the essay are:
Sperry Burroughs, Compustat Services, IBM DEC, Burroughs Sperry, Grimm Co, Company Inc, BACKGROUND SITUATION, Sanborn Company, Business Week, Lilly RCAGE, market share, surviving company, business week, 1986 $, grimm co, standard poor's compustat, american hightechnology, hightechnology firms, standard poor's, poor's compustat, sperry burroughs, $ 12 bil, poor's compustat service, merger acquisition activity, changes surviving firms,
Approximate Word count = 3306
Approximate Pages = 13 (250 words per page)

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