Control Data Corp last week duly implemented its plan, announced in July to spin its Data Storage Products Group as a separate, stand-alone subsidiary, baptising it with the unlikely name of Imprimis Technology Inc. The Minneapolis mainframer says that the new structure will make it easier to form joint ventures or partnerships in the disk […]
Control Data Corp last week duly implemented its plan, announced in July to spin its Data Storage Products Group as a separate, stand-alone subsidiary, baptising it with the unlikely name of Imprimis Technology Inc. The Minneapolis mainframer says that the new structure will make it easier to form joint ventures or partnerships in the disk and tape drive business or to sell a minority interest in it in a public flotation – among other alternatives that may no doubt include selling the business in its entirety. This move will better enable Imprimis to compete in the dynamic and challenging disk drive market by providing greater flexibility in responding to its customer requirements, CDC chairman Robert Price reckons. It will also allow Imprimis to engage in strategic alliances necessary to ensure its leadership and excellence in global manufacturing and marketing of these critical components. Former Commercial Credit executive Lawrence Perlman, who has been running the near $1,000m-a-year business, was named chairman, president and chief executive. The unit has shrunk from a $1,500m-a-year business in 1984.
