SCI Systems Inc, Huntsville, Alabama electronics subcontractor which does 40% of its business with IBM and recently bought most Fortune Systems, has agreement in principle to acquire substantially all the operating assets of the CDC-dominated Magnetic Peripherals Inc plant in Rapid City, South Dakota. SCI presumably intends to use the plant as a board-stuffing centre […]
SCI Systems Inc, Huntsville, Alabama electronics subcontractor which does 40% of its business with IBM and recently bought most Fortune Systems, has agreement in principle to acquire substantially all the operating assets of the CDC-dominated Magnetic Peripherals Inc plant in Rapid City, South Dakota. SCI presumably intends to use the plant as a board-stuffing centre for the mid-West. It looks to complete the transaction by September. Magnetic Peripherals is 70%-owned by Control Data; minority partners are Honeywell Bull Inc and Bull SA, France.
