Word: electrodata
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...such big suppliers, Texas Instruments and North American Rockwell, recently introduced their own mini-calculator models. Other giants already in the field include Litton Industries and Hewlett-Packard. As a result of such gathering competition, the stock prices of some of the smaller pioneers, notably Bowmar Instrument and Eldorado Electrodata Corp., have dropped, even though their current profits are actually climbing...
...Coleman with the help of his executive vice president, Eppert, who went to work at Burroughs 40 years ago as a shipping clerk. To broaden their product base, they bought two oldtime producers of bank forms and checks. The jump into computers came in 1956, when they took over ElectroData Corp., a leading manufacturer of high-speed electronic digital computers. A short time later, they moved into the fast-growing bank automation field (TIME, Dec. 5) with magnetic inks and automatic check-sorting equipment. While they aimed most of their new products at office automation, Coleman and Eppert...
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