Smith Corona is a UScompany who manufactures typewriters. The company was formed from the merger of L.C. Smith & Bros. and Corona Typewriter in 1926. The company has experienced a dip in sales since the early 1990s after the appearance of PC-based word processing. Its competitors include Brother, Olivetti and IBM. ... This article does not cite its references or sources. ... This Smith Premier typewriter, purchased around the end of the 19th century, was found abandoned in the Bodie ghost town. ... 1926 (MCMXXVI) was a common year starting on Friday (link will take you to calendar). ... The 1990s in its most obvious sense refers to the years 1990 to 1999. ... PC has meanings in multiple areas: // People Pierre Cardin P Chidambaram, finance minister of India Patrick Carpenter, a DJ and one of the collaborators in the Ninja Tune recording outfit, DJ Food. ... Word processing, in its now-usual meaning, is the use of a word processor to create documents using computers. ... Brother Industries, Ltd. ... Olivetti Lettera 22, 1950 Ing. ... International Business Machines Corporation (IBM, or colloquially, Big Blue) NYSE: IBM (incorporated June 15, 1911, in operation since 1888) is headquartered in Armonk, NY, USA. The company manufactures and sells computer hardware, software, and services. ...
SmithCorona currently estimates the proceeds from the sale to be approximately $6 million, pending a closing date in mid to late July.
SmithCorona intends to facilitate the sale and to resolve long-term operating issues by seeking protection under Chapter 11 of the U.S. Bankruptcy Code.
SmithCorona undertook a Chapter 11 reorganization that began on July 5, 1995 and ended successfully on Feb. 28, 1997, when the company emerged with a new capital structure.
SmithCorona, the 112-year-old typewritercompany trying to reinvent itself with a new line of personal computers, is counting on its exclusive partnership with Vanstar Corp. to enter the tough government market.
SmithCorona, which emerged from bankruptcy 20 months ago, unveiled its new products and strategy at the E-Gov 98 conference in Washington earlier this month.
Analysts agreed the SmithCorona brand name is a strong asset but were mixed about its chances of breaking into the government PC market this late in the game.
Feeds |
Contact