Word: edelson
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Dates: during 1980-1989
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...move will throw open the tightly controlled Japanese telecommunications industry to foreign companies. Said Harry Edelson, managing partner of Edelson Technology, a venture-capital firm: "It's equivalent to opening up the U.S. postal system to competition." Japanese and foreign firms will be able to sell products and services that until now have been the exclusive province of NTT. Corporate powerhouses like the Japan Highway Public Corp. (1983 sales: $2.9 billion) already plan to offer long-distance services. Kyocera, an electronic-products company, intends to build microwave transmission systems...
...troubles for home computers have hit even mighty IBM. When its PCjr, which sells for $669 and $1,269 in different models, was first marketed in January, analysts forecast that 500,000 would be sold this year. But First Boston's Edelson says results will be less than half that. Mark Wozniak, co-owner of a Sunnyvale, Calif., computer store and brother of Apple Co-Founder Stephen Wozniak, no longer even stocks the PCjr. Says he: "It was too much heartache." Last week, in an effort to spur sales and make the PCjr more compet-/0 itive...
...Computing, the Richardson, Texas, research firm, lowered its estimate from 6.5 million to 5.5 million units. That would be only a 10% increase over last year, good growth for almost any other business but skimpy for an industry in which sales have been doubling and tripling annually. Says Harry Edelson, a technology analyst for the investment banking firm of First Boston: "The bloom is off the rose in the computer field. It is not going to grow as fast as everyone predicted...