Problems 193 chief executive, and president. The combination was hailed as redrawing the competitive balance in the personal computed software business by providing a challenge to the growing power of Microsoft. Fiscal year 1989 data for each company were as follows:

Lotus Novell Net income available to common $68.0 m $48.5 m Common shares 42.3 m 33.4 m Stock price (pre-announcement) $36.25 $42.875