Word: compustat
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Computers now analyze the sales potential of new products, schedule complex production runs, and solve design problems. Before making investment decisions, many bankers and brokers consult Standard & Poor's Compustat system, whose computer has standardized and "memorized" 30 financial details about 625 corporations, including sales, cash flow and price/earnings ratio of stocks. A New Jersey builder recently relied on a computer to choose the house plans, prices and financing arrangements for a large suburban project. Even Kentucky horse breeders depend on a computer, primed with race results and the physical characteristics of 200,000 thoroughbreds, to serve...
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