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at cray computer he will be paid $ N
besides messrs. cray and <unk> other senior management at the company includes neil <unk> N president and chief executive officer joseph m. <unk> N vice president engineering malcolm a. <unk> N vice president software and douglas r. <unk> N vice president hardware
all came from cray research
cray computer which currently employs N people said it expects a work force of N by the end of N
john r. stevens N years old was named senior executive vice president and chief operating officer both new positions
he will continue to report to donald <unk> president and chief executive officer
mr. stevens was executive vice president of this <unk> holding company
arthur a. hatch N was named executive vice president of the company
he was previously president of the company 's eastern edison co. unit
john d. <unk> N was named to succeed mr. hatch as president of eastern edison
previously he was vice president of eastern edison
robert p. <unk> N was named senior vice president of eastern utilities
he was previously vice president
the u.s. claiming some success in its trade <unk> removed south korea taiwan and saudi arabia from a list of countries it is closely watching for allegedly failing to honor u.s. patents <unk> and other <unk> rights
however five other countries china thailand india brazil and mexico will remain on that so-called priority watch list as a result of an interim review u.s. trade representative carla hills announced
under the new u.s. trade law those countries could face accelerated <unk> investigations and stiff trade sanctions if they do n't improve their protection of intellectual property by next spring
mrs. hills said many of the N countries that she placed under <unk> degrees of scrutiny have made genuine progress on this touchy issue
she said there is growing <unk> around the world that <unk> of <unk> rights <unk> all trading nations and particularly the creativity and <unk> of an <unk> country 's own citizens
u.s. trade negotiators argue that countries with inadequate <unk> for <unk> rights could be hurting themselves by discouraging their own scientists and authors and by <unk> u.s. high-technology firms from investing or marketing their best products there
mrs. hills <unk> south korea for creating an <unk> task force and special enforcement teams of police officers and prosecutors trained to pursue movie and book <unk>
seoul also has instituted effective <unk> procedures to aid these teams she said
taiwan has improved its standing with the u.s. by <unk> a <unk> copyright agreement <unk> its trademark law and introducing legislation to protect foreign movie producers from unauthorized <unk> of their films
that measure could <unk> taipei 's growing number of small <unk> <unk> to pay movie producers for showing their films
saudi arabia for its part has vowed to enact a copyright law compatible with international standards and to apply the law to computer software as well as to literary works mrs. hills said
these three countries are n't completely off the hook though
they will remain on a <unk> list that includes N other countries
those countries including japan italy canada greece and spain are still of some concern to the u.s. but are deemed to pose <unk> problems for american patent and copyright owners than those on the priority list
gary hoffman a washington lawyer specializing in <unk> cases said the threat of u.s. <unk> combined with a growing recognition that protecting intellectual property is in a country 's own interest prompted the improvements made by south korea taiwan and saudi arabia
what this tells us is that u.s. trade law is working he said
he said mexico could be one of the next countries to be removed from the priority list because of its efforts to craft a new patent law
mrs. hills said that the u.s. is still concerned about disturbing developments in turkey and continuing slow progress in malaysia
she did n't elaborate although earlier u.s. trade reports have complained of videocassette <unk> in malaysia and <unk> for u.s. pharmaceutical patents in turkey
the N trade act requires mrs. hills to issue another review of the performance of these countries by april N
so far mrs. hills has n't deemed any cases bad enough to merit an accelerated investigation under the so-called special N provision of the act
argentina said it will ask creditor banks to <unk> its foreign debt of $ N billion the <unk> in the developing world
the declaration by economy minister <unk> <unk> is believed to be the first time such an action has been called for by an <unk> official of such <unk>
the latin american nation has paid very little on its debt since early last year
argentina <unk> to reach a reduction of N N in the value of its external debt mr. <unk> said through his spokesman <unk> <unk>
mr. <unk> met in august with u.s. assistant treasury secretary david mulford
<unk> negotiator carlos <unk> was in washington and new york this week to meet with banks
mr. <unk> recently has said the government of president carlos <unk> who took office july N feels a significant reduction of principal and interest is the only way the debt problem may be solved
but he has not said before that the country wants half the debt <unk>
during its centennial year the wall street journal will report events of the past century that stand as milestones of american business history
three computers that changed the face of personal computing were launched in N
that year the apple ii commodore pet and tandy <unk> came to market
the computers were crude by today 's standards
apple ii owners for example had to use their television sets as screens and <unk> data on <unk>
but apple ii was a major advance from apple i which was built in a garage by stephen <unk> and steven jobs for <unk> such as the <unk> computer club
in addition the apple ii was an affordable $ N
crude as they were these early pcs triggered explosive product development in desktop models for the home and office
big mainframe computers for business had been around for years
but the new N pcs unlike earlier <unk> types such as the <unk> <unk> and <unk> had <unk> and could store about two pages of data in their memories
current pcs are more than N times faster and have memory capacity N times greater than their N counterparts
there were many pioneer pc <unk>
william gates and paul allen in N developed an early <unk> system for pcs and gates became an industry billionaire six years after ibm adapted one of these versions in N
alan f. <unk> currently chairman of seagate technology led the team that developed the disk drives for pcs
dennis <unk> and dale <unk> two atlanta engineers were <unk> of the internal <unk> that allow pcs to share data via the telephone
ibm the world leader in computers did n't offer its first pc until august N as many other companies entered the market
today pc shipments annually total some $ N billion world-wide
<unk> <unk> & co. an australian pharmaceuticals company said its <unk> inc. affiliate acquired <unk> inc. for $ N million
<unk> is a new <unk> pharmaceuticals concern that sells products under the <unk> label
<unk> said it owns N N of <unk> 's voting stock and has an agreement to acquire an additional N N
that stake together with its convertible preferred stock holdings gives <unk> the right to increase its interest to N N of <unk> 's voting stock
oil production from australia 's bass <unk> fields will be raised by N barrels a day to about N barrels with the launch of the <unk> field the first of five small fields scheduled to be brought into production before the end of N
esso australia ltd. a unit of new york-based exxon corp. and broken hill <unk> operate the fields in a joint venture
esso said the <unk> field started production tuesday
output will be gradually increased until it reaches about N barrels a day
the field has reserves of N million barrels
reserves for the five new fields total N million barrels
the <unk> and <unk> fields are expected to start producing early next year and the <unk> and <unk> fields later next year
esso said the fields were developed after the australian government decided in N to make the first N million barrels from new fields free of <unk> tax
<unk> <unk> corp. said it completed the $ N million sale of its southern optical subsidiary to a group led by the unit 's president thomas r. sloan and other managers
following the acquisition of <unk> <unk> by a buy-out group led by shearson lehman hutton earlier this year the maker of <unk> <unk> decided to <unk> itself of certain of its <unk> businesses
the sale of southern optical is a part of the program
the white house said president bush has approved duty-free treatment for imports of certain types of watches that are n't produced in significant quantities in the u.s. the virgin islands and other u.s. <unk>
the action came in response to a petition filed by <unk> inc. for changes in the u.s. <unk> system of preferences for imports from developing nations
previously watch imports were denied such duty-free treatment
<unk> had requested duty-free treatment for many types of watches covered by N different u.s. tariff <unk>
the white house said mr. bush decided to grant duty-free status for N categories but turned down such treatment for other types of watches because of the potential for material injury to watch producers located in the u.s. and the virgin islands
<unk> is a major u.s. producer and seller of watches including <unk> <unk> watches assembled in the philippines and other developing nations covered by the u.s. tariff preferences
u.s. trade officials said the philippines and thailand would be the main beneficiaries of the president 's action
imports of the types of watches that now will be eligible for duty-free treatment totaled about $ N million in N a relatively small share of the $ N billion in u.s. watch imports that year according to an aide to u.s. trade representative carla hills
magna international inc. 's chief financial officer james mcalpine resigned and its chairman frank <unk> is stepping in to help turn the <unk> manufacturer around the company said
mr. <unk> will direct an effort to reduce overhead and curb capital spending until a more satisfactory level of profit is achieved and maintained magna said
stephen <unk> currently vice president finance will succeed mr. mcalpine
an ambitious expansion has left magna with excess capacity and a heavy debt load as the automotive industry enters a downturn
the company has reported declines in operating profit in each of the past three years despite steady sales growth
magna recently cut its quarterly dividend in half and the company 's class a shares are <unk> far below their 52-week high of N canadian dollars us$ N
on the toronto stock exchange yesterday magna shares closed up N canadian cents to c$ N
mr. <unk> founder and controlling shareholder of magna resigned as chief executive officer last year to seek unsuccessfully a seat in canada 's parliament
analysts said mr. <unk> wants to resume a more influential role in running the company
they expect him to cut costs throughout the organization
the company said mr. <unk> will personally direct the restructuring <unk> by <unk> <unk> president and chief executive
neither they nor mr. mcalpine could be reached for comment
magna said mr. mcalpine resigned to pursue a consulting career with magna as one of his clients
lord <unk> <unk> chairman of english china <unk> plc was named a nonexecutive director of this british chemical company
japanese investors nearly <unk> bought up two new mortgage <unk> mutual funds totaling $ N million the u.s. federal national mortgage association said
the purchases show the strong interest of japanese investors in u.s. <unk> instruments fannie mae 's chairman david o. maxwell said at a news conference
he said more than N N of the funds were placed with japanese institutional investors
the rest went to investors from france and hong kong