Word: eppert
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Clerk to Chairman. Burroughs "sells more adding machines than ever before," according to Chairman Ray R. Eppert, 64, although it has long since dropped the manufacturing of typewriters and cash registers. The company has capitalized on its years of experience with such hand-operated machinery by applying it to the mechanical aspects of computer technology: punch-card processing, preliminary programming and complex operating instructions. Burroughs paces the industry in providing these essential "software" items along with the hardware -the computers themselves...
...years ago, Chairman Eppert, who started at Burroughs as a shipping clerk 45 years ago, began looking for a successor, found him in Ray W. Macdonald, head of the company's international sales. Under Macdonald, the company's overseas operations grew to equal its domestic organization. Macdonald, now 54, was appointed president last January, will succeed Eppert as chief executive officer Feb. 1. His expectation: annual sales of $1 billion by the early 1970s...
Many businessmen explain their shift away from opposition to Red trade by stressing their belief that trade could somehow become a cold war plus for the West. Says Burroughs Corp. President Ray Eppert: "All-out trade in non-strategic goods could be the West's secret weapon for exposing Communism's weakness as a system for providing a better life for its people." But beneath such philosophy is usually a more pragmatic conviction that the U.S. is simply losing a lot of good export business because the Communists can get almost anything they want from...
...conversion was started by the late President John S. 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...
...record $389 million last year. But earnings have been sliding largely because of heavy research and development costs. Last year earnings were $1.39 per share, only 2% of sales. In 1948 they were 13% of sales. As the costs of breaking into new fields are written off, Eppert, who took over from Coleman two years ago, expects profits to improve. But he is not saying when...