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Only three years ago IBM's bigness was its strength, enabling the company to dominate the computer industry so thoroughly that its competitors cried out for antitrust relief. No more. Today Big Blue's bulk has become a colossal burden. While the rest of the computer industry has emerged from an overall slump and surged forward with robust sales increases, IBM has plodded along (1987 revenues: $54.2 billion, up just 8% in a two-year period). IBM has tried to become lighter on its feet by cutting staff, modernizing factories and streamlining its process for getting new products to market...

Author: /time Magazine | Title: Can This Elephant Dance? | 2/8/1988 | See Source »

...report claims that shutdowns occurred in almost every component of the complex trading systems, from the printers on the exchange floors to the phalanxes of minicomputers that do the bulk of the N.Y.S.E.'s back-office work. Part of the Big Board's designated order turnaround (DOT) system, which transmits orders from brokerage firms to the floor of the exchange, crashed four times on Oct. 19. The next day, a system that stores standing orders to buy or sell shares at a predetermined price stopped three times. One still unidentified software glitch temporarily misplaced transaction reports involving some 4.3 million...

Author: /time Magazine | Title: System Failure: Black Monday's other crash | 2/8/1988 | See Source »

...bulk of the aid package was intended to buy"non-lethal" supplies to keep the rebels alive asa military force inside Nicaragua. That includedfood and uniforms as well as communications gearand leased aircraft to deliver the material...

Author: NO WRITER ATTRIBUTED | Title: House Votes Down Contra Aid Package | 2/4/1988 | See Source »

...power outage darkened the Radcliffe Quadrangle for nearly an hour last night, stopping term papers in mid-sentence, stranding the studious in Hilles Library, but reprieving the bulk of the undergraduates from work...

Author: By Noam S. Cohen, | Title: Power Outage Darkens Quad | 1/13/1988 | See Source »

...BULK of the expense for the conference was paid for by the Luxembourg government, said Shustorovich, who added that "additional funding...came from private and government sources. A token amount was also donated by Harvard...

Author: NO WRITER ATTRIBUTED | Title: Talking Big Ideas in a Small Country | 1/6/1988 | See Source »

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