Acuson last week said it was ordered to pay a $6.3 million award plus legal fees and costs as the result of an arbitrated settlement over a marketing dispute with Advanced Technology Laboratories, a unit of Westmark International.
Westmark stockholders include Mason Best Co., a Dallas merchant bank; the General Electric Pension Trust and Shearson Lehman Hutton Holdings Inc.
George D. Black, the research group's vice president of human resources, takes a similar position in Westmark's Austin headquarters.
And he's joined on the Westmark board by such notables as Mr. Strauss, former Transportation Secretary Drew Lewis and former Defense Secretary Donald Rumsfeld.
Hiring Mr. Inman was seen as a coup for Westmark, which was expected to benefit from the high profile and government contacts that Mr. Inman brought to Microelectronics & Computer Technology.
Westmark shares fell 50 cents to $22 in national over-the-counter trading yesterday.
As previously reported, Westmark Systems, led by Adm.
His company, Westmark Systems Inc., is buying Tracor.
The defense contractor, which has agreed to be acquired by Westmark Systems Inc., an Austin technology company, said the redemption price would be 105.4% of the principal amount plus accrued interest to Nov. 13, the redemption date.
Analysts at Shearson Lehman, Goldman Sachs & Co. and Hambrecht & Quist all cut their earnings estimates after the announcement and lowered their investment opinions on Westmark, according to Professional Investor Report.
Westmark Systems Inc., the holding company led by Adm.
The medical electronics company declared a dividend distribution of one common-share purchase right on each Westmark common share outstanding.
Tracor Inc. said 92.5% of its common shares outstanding were tendered under Westmark Systems Inc.'s offer to acquire the company for $32 a share, or about $710 million.