products. Meanwhile, Olivetti had been slow to introduce Alpha-based products, eventually shipping models based on Digital's own products. With Digital's finances under pressure, posting quarterly losses and incurring costs around redundancies, the company sold its stake - noted as amounting to 7.8% - for . A company in transition, it had moved out of the typewriter business into personal computers before embracing telecoms between 1997 and 1999, spinning off its personal computer business in 1997 and divesting its computer services business in 1998. In the process it had lost around three-quarters of its staff. In 1999, The Luxembourg-based company Bell S.A. acquired a controlling stake in Olivetti, but sold it to a consortium including the Pirelli and Benetton groups two years later. Olivetti then launched a hostile bid for Telecom Italia in February 1999, despite being less than a seventh of the size of its target. In a take-over battle against Deutsche Telekom and other potential bidders that initially seem to have been settled in Deutsche Telecom's favour, with an merger reportedly agreed in April 1999, Olivetti won out and controlled 52.12% of former monopoly Telecom Italia, Italy's #1 fixed-line and mobile phone operator. However, the ownership structure of the merged Olivetti / Telecom Italia was complex and multi-layered with Olivetti took on around $16 billion of extra debt. It was then referred to as the "Olivetti/Telecom Italia affair" because of the unpleasant secret affairs behind. After a 2003 reorganization, Olivetti became the office equipment and systems services subsidiary of Telecom Italia. In 2003 Olivetti was absorbed into the Telecom Italia group, maintaining a separate identity as Olivetti Tecnost. Rebirth and resumption of computer production In 2005, Telecom Italia relaunched the company in the information technology sector, investing €200 million; at first, restoring the original Olivetti brand, then replacing it with Olivetti Tecnost in 2003. In 2007, Olivetti launched the "LINEA_OFFICE", designed by Jasper Morrison for Olivetti; a new line of PCs, notebooks, printers, fax machines and calculators. Olivetti today operates in Italy and Switzerland, and has sales associates in 83 countries. Research and development are located in Agliè, Carsoli and Scarmagno in Italy, and Yverdon, Switzerland. In March 2011 Olivetti began producing the OliPad, its first tablet computer, featuring a ten-inch screen, 3G, WiFi, Bluetooth connectivity, Nvidia Tegra 2, Android 2.2.2 and a 1024 x 600 display. It also features an application store, with apps specifically designed by Olivetti