European Stars And Stripes (Newspaper) - April 7, 1985, Darmstadt, Hesse                                1985 the stars and stripes Page 19 Busi mess news the Man with the big Bucks behind the buccaneers by Susan Postlewaite Miami up one Little known fact about Hugh wealthy owner the Tampa Bay Bucca is that he retired the Tampa tax lawyer and businessman bought a yacht for a while when he was but he says he got at owning a pro football dealing in High stakes real rescuing a floundering airline and waging a hostile fight for control of a keep him from getting he entertains no More thoughts of those things Are culverhouse says in his Alabama i like to i like people and i enjoy solving problems i enjoy making with a boxers build and known for his he could pass for a Pudgy Jimmy with a net Worth of More million that he earned in Florida real estate and his Tampa Law prac culverhouse can dabble when he besides owning the National football league in february he took control of failing Provincetown Boston mostly As a favor for a golfing he also finances and helps produce movies films such As a chorus the Emerald Forest and the Xyz he has sizable investments in five he has plans to build a a Golf course and Homes in culverhouse agreed to an interview while flying Over the Florida keys in a Aba twin engine on a tour of Pas Airport in after five i like to i like people and i enjoy solving problems i enjoy making Money hours of meeting employees and giving speeches he was met by one of his two personal Gulf streams and was whisked Home to his Tampa Bay culverhouse shouted Over the noise of the engines that it was no big Deal for him to prop up Aba by Guaran teeing a million Bank this is not a Yoyo he they just grew too i came in to lend a Little in return for backing a million loan with Southeast culverhouse took voting control of the he has options and warrants for another million shares of and he said he expects to pour As much Money into the airline As intakes to revitalize the Carrier and protect his the Day after Aba filed for chapter 11 bankruptcy he loaned it Aba was the Only airline the financier said he would consider investing and then Only because it was founded by a Golf John Van Arsdale he offered to guarantee the loan without Ever looking at a financial six weeks he said the Deal want As Good As it Revenue projections prepared by the airlines top financial officer were not being and the airline was forced into chapter i culverhouse admitted he was surprised when he Learned about the financial he could have paid off the million owed Pas but Aba president Bill Gregg said that  have been a Good business for months culverhouse has waged a Battle for control of a Miami whose management he claims is not maximizing profit for its he bought the bucs 10 years ago for million when he lost out on a Deal to buy the los Angeles the franchise is Worth three times that but the team is not for a Hometown Booster for the owner enjoys the rivalry too 1 go to All the he ill miss one every two but the disappointment of seven losing seasons in nine years and the difficulties of remaining Loyal to an unpopular coach have taken a toll on the football team has been the source of immense Pride and immense difficulty for Culver houses Hugh told the Petersburg times in its caused him immense you have to understand that John Mckay is a Friend and it hurts very much to make this has been very Tough on the controversial who was the Only coach the bucs Ever was regarded As standoffish by he retired As coach at the end of the 1984 but re Mains president of the the new was very popular when he was with the Atlanta and fans Are optimistic about the i 985 ism researching costly Home computer not the inter National business machines stung by press and Industry charges that it had abandoned the Home computer Market by Ceas ing production of its suggested recently that another inexpensive pc offering was in the in the company first detailed explanation of what happened to the a top executive charged that ibis Surprise announcement of two weeks ago had been they All use the same words the Kcjr has been said Michael the ism senior vice president responsible for All of the company Small computer and work station we did nothing of the Armstrong repeated ibis assertion that it has merely stopped making the once among the most promising stars of the company Persona computer Market service and software development on the machine will he and perfection would come about if we have another product to introduce at the time our Junior inventories run discussing other problems facing ibis suddenly troubled entry systems Armstrong said the in an unusual begin producing some hard disk drives for the the Topo the line personal computer has been produced at a trickle because the supplier of its disk drive has been unable to meet production but Armstrong predicted that ship ments of the at would double during this Armstrong strongly objected to reports that the divisions difficulties had caused Philip its former to be transferred to a staff Post three weeks he called Estridge a hero in the ism company and termed the reports gossip and ism officials Are always tight lipped about the specifics of new and Armstrong declined to discuss what a Low Cost ism machine would be but he noted that a research and development team was charged with developing computers for the there have also been suggestions that ism May Market in the United states an inexpensive machine that it now Sells in in an hour Long Armstrong suggested that ism had made two important mistakes with the Kcjr it misjudged who would buy it and How much they would be willing to when we first introduced the we thought that the applications appealing in the Home would be Check Book managers and programs that keep track of recipes and he but the Best customers were business students and others looking for a Low Cost equivalent to the pc that could run spreadsheets and do sophisticated word How could the master of Market so misjudge its audience maybe we didst understand the data we were Armstrong that can happen when you Are new to a and per haps the Home computer Market was so euphoric in 1983 that we were just swept up in Armstrong also said that the company now realized that was More than most homeowners were willing to spend on the studies by a Market research show that retail sales soared in december when an improved version of the Kcjr sold for a promotional Price of less than but by with prices Back sales had fallen to pre Christmas Armstrong said the company never considered a permanent lowering of the because profits would not be he denied that ism lost Money on the Christmas and he also denied reports that ibis lawyers had insisted that the machine be priced High enough that competitors could not accuse the company of predatory although ism has committed itself to servicing and supporting the Kcjr for five few doubt that the Model will be come less attractive to major soft Ware companies have already stopped development work because the volume of Junior sales is so id say our Kcjr program will be scaled Back real William the founder of the Micro soft in some customers say they were i Felt really angry and really said Patricia a Yale Law school student who bought a Kcjr three Days before the ism 1 bought it because i thought ism always keeps its products at the but now it will be much harder to upgrade the digest tax Laws  discourage Reagan aide says Washington not Reagan administration told a congressional hearing that tax Laws should not be changed to discourage corporate Ronald assistant Secretary of Treasury for tax testified that current tax Laws would not appear to be propelling the recent surge of corporate acquisitions and he said the administration did not believe that Congress should Amend the tax Laws for the purpose of generally discouraging1 merger and acquisition several Bills now before Congress were designed to eliminate tax incentives for so called Green mail inflated pay ments made to stockholders attempting a Murdoch says hed sell land to improve Castle Cooke san Francisco not David the West coast financier who would become the chief executive of Castle Cooke under a proposed said that he would sell off some of Castle cookes real estate to help improve its financial but that he would not strip the company of All its valuable i can state without equivocation i would like to build Castle not destroy Murdock some analysts had speculated that an acquirer would sell off Castle cookes assets because they were Worth More per share than the Stock in Castle Cooke agreed to merge with the flex Van a transportation equipment leasing company controlled by the which requires approval of the shareholders of both has allowed Castle Cooke to restructure its debt and avoid