Word: faxed
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...Chaucer, a Milton or a Goethe could feel just as much at home at a civil servant's desk as in a poet's leafy glade. No more. Washington, no less than other world capitals, is a city of prose-in triplicate, quadruplicate, or burnt brown Thermo-Fax. In such surroundings, Katie Louchheim stands out as clearly as a lyric line, for she is one of the last survivors of a lost race: the poet-bureaucrat or bureaucrat-poet. Which comes first is hard to say, for last week, just a few days after she was promoted...
...competitive business, whose sales of $600 million are rising 20% annually. Into the field last week came another major manufacturer: Los Angeles' huge Litton Industries (fiscal 1965 sales: $916 million). As the first of what will ultimately become a whole family of copiers, Litton introduced the desktop Roy fax 7, which spins out seven dry copies a minute, reproduces documents as varied as 51-in. invoices and 362-ft. seismographic tapes. Introducing a tantalizing gimmick, Litton plans to install the machines for nothing, make its money by selling zinc oxide-coated paper for them at 4? per letter-size...
...devised a method of making copies of documents by using infrared radiation which literally bakes images onto heat-sensitive paper. The company christened the process Thermo-Fax, and it has carried 3M into second place behind Xerox in the rapidly expanding copying-machine field, has led it to acquisitions of such firms as Revere Camera, Dynacolor film and, last summer, Italy's leading photographic firm, Ferrania...
Foote, Cone sold 500,000 of its 1.2 million common shares. Simply by making a market, the agency boosted its shares from the book value of $6 to the offering price of $15.50. "Fax" Cone sold 38,000 of his shares for a tidy $541,500, while President Holland W. Taylor disposed of 46,313 shares for $659,960 and Chairman Robert F. Carney sold 83,041 for $1,183,000-taxable at no more than 25% as capital gains. These key executives relinquished only part of their holdings...
...came out, there was already a host of smaller office copiers for sale. Evanston's American Photocopy Equipment Co. and Eastman Kodak Co. with its Verifax dominated the "wet copying'' field, which uses chemical developers; Minnesota Mining & Manufacturing Co. had its fast-selling Thermo-Fax, a dry method that uses heat from an infra-red lamp to form an image on specially coated papers. But the Xerox machine had a special appeal. It is a dry method that needs no chemicals, can duplicate anything from grease pencil to ballpoint pen, though it is more successful in copying...