LOS ANGELES COUNTY - News from Feb. 19, 1987
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Hyo-Bin Im, an executive with the South Korean conglomerate Daewoo, was named chief executive of Cordata Technologies, a Thousand Oaks maker of IBM-compatible personal computers.
The move, industry analysts said, is a further sign that Daewoo is taking control of Cordata’s operations. Daewoo has been majority shareholder in the private company since late 1985.
Im, 44, had been executive managing director of the planning and coordination division of Daewoo Group in Seoul. As Cordata’s chief executive, Im replaces Daniel Carter, 53, who will continue as the company’s president.
“It was just a matter of time until (Daewoo) put someone in,” said Michael Murphy, editor of the California Technology Stock Letter in San Francisco. “What Cordata essentially is now is a subsidiary of a Korean company.”
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