A recent stop-over in London provided Legent Corp chairman Mario Morino with an opportunity to take his hat off to Unix, and cast IBM in the role of future take-over target. Legent is the name of the new company formed by the $100m merger between Morino Associates Inc and Duquesne Systems Inc, announced last December. […]
A recent stop-over in London provided Legent Corp chairman Mario Morino with an opportunity to take his hat off to Unix, and cast IBM in the role of future take-over target. Legent is the name of the new company formed by the $100m merger between Morino Associates Inc and Duquesne Systems Inc, announced last December. Morino was in town to raise the Legent profile among 34 key UK data processing managers, and ram home the concept of management support systems. According to Morino, the new merged company plans to position itself as a solutions supplier, and organise its products to suit specific automated operations customer needs. Future plans include a number of tactical aquisitions in the automated operations field, and the development of more efficient cost and network management products. Citing broader trends that will shape corporate product development, Morino outlined the changing world of the user. As traditional data processing chiefs are being supplanted by a new breed of non technical resource handlers, users are coming under pressure either to reduce costs or gain cost benefits from existing products, he argued. He also insisted that the IBM shop is no longer an IBM shop, adding that unless IBM changes they’re really going to have a problem here. With an 8% stake in UIS, the company will be keeping a particularly careful eye on DEC; we recommend people in the AS/400 and VM market to study DEC first, Morino added. Turning to the future of the market as a whole, Morino argued that IBM would be forced to offer AIX as an alternative to Systems Application Architecture; although no fan of Unix, he conceded that it was going like gangbusters. He also claimed that Computer Associates Inc would sell up within three years, and that if IBM stumbled again within the next five, it could find itself the object of a takeover bid. On the subject of takeovers, Morino claimed that with close to 40% of corporate stock held by insiders, Legent was as wellprotected as any public company could be against a hostile bid. 30% of Legent stock is split between Morino himself, and the investment group General Atlantic, while Legent chief executive officer Glen Chatfield, and vice president Neil Pollen own 5% and 2.5% respectively. And what about that name? According to Morino, the word legent appears as an entry in an early edition of the Oxford English Dictionary and means integrity and honesty. The qualities appeared among a list of 10 values compiled by Lee and Young via a ser-ies of association tests with employees and customers from both companies. Asked whether he minded dropping his own name, Morino protested indifference, but confessed that my mother didn’t like it.