Laster is stepping into a pretty good situation. Intergraph posted second-quarter net income of $.04 per share on revenues of $127.8 million. During the second quarter of last year, the company reported a second quarter net loss of $.07 per share on revenues of $188 million.
Then again, Intergraph may end up spending some its cash reserves on lawyers. On July 30, Intergraph filed a lawsuit in US District Court, charging Intel Corp. with patent infringement. The company filed a similar suit against Intel in 1997, but the date for the jury trial has not yet been set.
In his new role as CFO, Shanks will report to NCR’s Chairman and CEO, Lars Nyberg. He will also replace Bearman as a member of NCR’s four-person executive committee. Most recently Shanks served as NCR’s vice president of corporate finance. Prior to that, he was vice president and corporate controller, as well as treasurer and head of mergers and acquisitions. Shanks joined NCR in 1996 from Chicago-based apparel maker Fruit of the Loom Ltd., where he served as vice president and treasurer. Bearman joined NCR in 1998.
NCR was founded in 1884 as the National Cash Register Company. In recent years, the company has gone through a series of well-publicized changes. In 1991, NCR was bought by AT&T, and subsequently renamed AT&T Global Information Services (GIS). GIS was then spun off to AT&T shareholders — but not before reverting back to its NCR Corp. moniker. In the past few years, the company has moved steadily into the enterprise applications business, and in particular, the CRM and data warehousing sectors. Last year, NCR reported revenues of around $6 billion.