Is Lotus In A Better Position?

Lotus Development has had more than its share of troubles during the past year. The Cambridge (Mass.) company is a leading manufacturer of personal-computer software, notably the best-selling Lotus 1-2-3 spreadsheet, but its franchise has come under a sustained attack from Microsoft and Borland International. Lotus' share of the spreadsheet market is on the wane, and investors have taken the hint: Share prices, which reached as high as $40 in August, have declined almost 50% since then, and the Street remains gloomy.

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