Word: betamax
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Dates: during 1990-1999
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After doing time with Betamax on technology's skid row, the CD's first cousin is enjoying a sales boom...
...forward looking. The company has never had Sony's cosmopolitan polish, yet it was Matsushita's subsidiary JVC that developed the original VHS video technology in 1976. Tanii, then the youthful chief of Matsushita's fledgling VCR division, convinced his superiors that consumers would choose VHS over Sony's Betamax if they could also buy compatible videotaped entertainment...