Word: bullish
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...spending plans are due to bullish business. The company has been so successful with its third-generation System/360 that there is now a two-year backlog in orders. IBM wants to speed up deliveries and thus make the 360 even more attractive to future customers; at the same time, the firm needs additional capital because most users take their computers on lease and IBM must write off the cost over a four-to six-year period. Because it intends to spend another $1.5 billion on new facilities and for computer manufacture this year, but is down to $665 million...
...Just as bullish about his prospects is Rod D. Grimm, 25, a Berkeley graduate student in marketing who has al ready served two years in Viet Nam with the Green Berets. Grimm, who receives his master of business administration degree this summer, has been interviewed by 15 companies. He has gotten eight "seconds"-invitations to inspect company facilities and talk seriously about work and salary-and expects several more before he is finally forced to make a choice...
Economists in and out of Government are much more bullish than they were a year ago. The economy is not only running close to optimum speed, but has no serious excesses and few soft spots. Says Economic Adviser Okun: "It's hard to find a time when the economy has been closer to equilibrium than it is today." Orders...
...ARKANSAS. Republicans are bullish about their prospects for unseating incumbent Democratic Governor Orval Faubus next year. Their hope: Millionaire Winthrop Rockefeller, who came within 82,928 votes of beating Faubus in 1964-and has not stopped running since. Thanks to Rockefeller largesse, the G.O.P. in Arkansas throbs with enthusiasm. It has a formal organization in every one of the state's 75 counties, boasts 40 women's clubs with a total membership of 1,076, and even publishes a sporadic tabloid, the Arkansas Outlook. Bragged one G.O.P. organizer: "We don't talk Republicanism-we preach...
Evidence supporting that bullish outlook was everywhere. Ford Motor Co. last week added $200 million to its already peak 1966 expansion schedule. United Air Lines placed a $56 million order for a huge computer system, adding strength to the airline industry's plans to boost its expansion outlays by 22% next year. Food-industry expenditures are expected to climb 15%, those of rubber manufacturers 29%, those of the aerospace industry...