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'''Robert B. Palmer''' |
'''Robert B. Palmer''' (born [[September 11]], [[1940]]) is an [[United States|American]] businessman best known for his role as the last Chairman and Chief Executive Officer of [[Digital Equipment Corporation]]. |
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Palmer was one of the founders of Mostek Corporation, which was founded in [[1969]] by former employees of [[Texas Instruments]]. Mostek made logic, memory, and microprocessor chips. In [[1980]], United Technologies Corporation (UTC) acquired Mostek Corporation, and Palmer became Executive Vice President of Semiconductor Operations. |
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| ⚫ | In [[1985]] Palmer joined Digital where he served in various executive positions until being appointed as Chief Executive Officer and President in October [[1992]], replacing founder [[Ken Olsen]].<ref name="forbes">http://www.forbes.com/finance/mktguideapps/personinfo/FromMktGuideIdPersonTearsheet.jhtml?passedMktGuideId=146658</ref> Prior to Palmer's appointment, Digital had reported its first quarterly loss ever in [[1990]] and a net loss for fiscal year [[1991]]. Palmer undertook numerous restructurings, massive layoffs (more than 60,000 people), and plant closings in an effort to remain competitive. In [[1993]] [[Mitsubishi]] agreed to manufacture Digital's new [[Alpha chip]]. In [[1994]] Digital sold its [[Oracle Rdb|Rdb]] database software operations to [[Oracle Corporation]]. The following year Digital and [[Raytheon]] formed a multiyear, multimillion-dollar agreement to upgrade the onboard computer of the US Navy's [[E-2 Hawkeye|E-2C Hawkeye]] aircraft. Also in [[1995]] Digital developed the [[AltaVista]] Internet search engine, which was launched that December. |
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| ⚫ | In April 1999 [[Advanced Micro Devices]] Inc. (AMD) held its annual general meeting and announced that they had decided to elect Robert Palmer to its board of directors. |
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In [[1997]] Digital sold its printing systems business to Virginia-based [[GENICOM]]. That year Digital sued [[Intel]], accusing it of using some of Digital's patented technology to develop the [[Pentium]] [[microprocessor]]. [[Intel]] countersued, accusing Digital of violating 14 [[Intel]] patents. To settle the litigation, Digital sold its [[semiconductor]] production operations to [[Intel]] in [[1998]]. Digital also sold its networking business to Cabletron, and in June [[1998]] [[Compaq]] paid approximately $9 billion to acquire Digital. As expected, Palmer stepped down. The company was completely absorbed into [[Compaq]]. |
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| ⚫ | In April 1999 [[Advanced Micro Devices]] Inc. (AMD) held its annual general meeting and announced that they had decided to elect Robert Palmer to its board of directors.<ref>http://www.theregister.co.uk/1999/04/30/digitals_palmer_elected_to_amd/</ref> Palmer has served on the boards of a number of other companies as well, such as Sematech, the Semiconductor Industry Association, the Semiconductor Research Center, Cicada Semiconductor Inc. and NLine Corporation.<ref>http://www.bizjournals.com/austin/stories/2001/02/26/daily33.html</ref> |
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==References== |
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{{Reflist|2}} |
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{{DEFAULTSORT:Palmer, Robert B.}} |
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[[Category:Digital Equipment Corporation]] |
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[[Category:1940 births]] |
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[[Category:Living people]] |
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Revision as of 04:06, 28 July 2007
Robert B. Palmer (born September 11, 1940) is an American businessman best known for his role as the last Chairman and Chief Executive Officer of Digital Equipment Corporation.
Palmer was one of the founders of Mostek Corporation, which was founded in 1969 by former employees of Texas Instruments. Mostek made logic, memory, and microprocessor chips. In 1980, United Technologies Corporation (UTC) acquired Mostek Corporation, and Palmer became Executive Vice President of Semiconductor Operations.
In 1985 Palmer joined Digital where he served in various executive positions until being appointed as Chief Executive Officer and President in October 1992, replacing founder Ken Olsen.[1] Prior to Palmer's appointment, Digital had reported its first quarterly loss ever in 1990 and a net loss for fiscal year 1991. Palmer undertook numerous restructurings, massive layoffs (more than 60,000 people), and plant closings in an effort to remain competitive. In 1993 Mitsubishi agreed to manufacture Digital's new Alpha chip. In 1994 Digital sold its Rdb database software operations to Oracle Corporation. The following year Digital and Raytheon formed a multiyear, multimillion-dollar agreement to upgrade the onboard computer of the US Navy's E-2C Hawkeye aircraft. Also in 1995 Digital developed the AltaVista Internet search engine, which was launched that December.
In 1997 Digital sold its printing systems business to Virginia-based GENICOM. That year Digital sued Intel, accusing it of using some of Digital's patented technology to develop the Pentium microprocessor. Intel countersued, accusing Digital of violating 14 Intel patents. To settle the litigation, Digital sold its semiconductor production operations to Intel in 1998. Digital also sold its networking business to Cabletron, and in June 1998 Compaq paid approximately $9 billion to acquire Digital. As expected, Palmer stepped down. The company was completely absorbed into Compaq.
In April 1999 Advanced Micro Devices Inc. (AMD) held its annual general meeting and announced that they had decided to elect Robert Palmer to its board of directors.[2] Palmer has served on the boards of a number of other companies as well, such as Sematech, the Semiconductor Industry Association, the Semiconductor Research Center, Cicada Semiconductor Inc. and NLine Corporation.[3]
Palmer is also on the Board of Trustees of the Cooper Institute for Aerobic Research, a non-profit preventative medicine research and education organization.[1]