Word: built
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Dates: during 1950-1959
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...Shift. IBM's success in office automation was built on machines of cogs and gears; its swift tabulating machine was basically only a mechanical improvement on the first one built by Blaise Pascal in 1640, which in turn was an improvement on the ancient Chinese abacus. But in the last few years there has been a profound change in the business. The mechanical cogs and gears have given way to electronic circuits, cathode-ray tubes and transistors. For IBM the change could not have come at a better time. Tom Watson Sr.. who had improved his machines close...
Cash & Collars. IBM was created by Thomas John Watson Sr., who built it into the 37th ranking U.S. manufacturing corporation, and in so doing, carved out an American business legend for himself. Watson, who believes that "nobody really gets started until he's 40." worked for Dayton's National Cash Register Co. until 1914. Then at 41, he suddenly pulled up stakes. Going East to Manhattan, he went to work for the Computing-Tabulaing-Recording-Co., which in 1911 had begun making new kinds of time clocks, butcher's scales and accounting machines...
...West Coast aircraft company's $1,128,000 contour milling machine, which will soon be built to work any known metal into as many as 18 shapes automatically, correct itself with a feedback control keyed to magnetic tape...
...Hospital in Boston has developed an artificial eye that moves and twinkles. Made of plastic (with rayon threads imbedded to look like veins), it has a magnet built in. It moves in obedience to another magnet set in the muscles that formerly controlled the lost...
Died. Joseph F. Cullman Jr., 72, president of Cullman Brothers, Inc., director and chairman of the executive committee of Philip Morris & Co., Ltd., Inc.; in Manhattan. Cullman added Benson & Hedges to the family interests in 1941, built up B. & H.'s Parliament brand into the first nationally known filter cigarette. In 1953 he negotiated a merger with Philip Morris...