Word: ibm
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Dates: during 1950-1959
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...Kingston, N.Y. demonstrators pressed a button on an enormous IBM-built SAGE computer, launched an air-breathing Air Force Bomarc missile from a pad at Cape Canaveral. Guided by Kingston, the Bomarc headed first for a B-17 drone over the Atlantic, found it, then attacked a second drone target miles away, finally was allowed to drop harmlessly into...
...high too fast. A few years ago, a stock that was selling for 15 times its earnings was considered expensive. At year's end the price-earnings ratio for industrials on Moody's index stood at 21, and for many stocks it was much higher, e.g., IBM is selling at 47 times earnings. Viewed at current earnings, the market may indeed be too high, reflecting a hedge against more inflation as well as a hope of sharing in the growth of the economy. But it is not too high in the light of the earnings investors think they...
...result of a major advance at venerable N.C.R., the world's No. 1 seller of cash registers and No. 2 maker of office equipment (after International Business Machines). N.C.R. is hustling to expand beyond mechanical to electronic machines. In this fiercely competitive field, N.C.R. started long after IBM, Remington Rand or Burroughs; its real push began only in 1952, when N.C.R. bought the small Computer Research Corp. of Hawthorne, Calif. (TIME, Oct. 6, 1952). Since then it has moved fast, boosted its research and development bill from $2,600,000 (1.1% of sales) to $14 million (3.6% of sales...
Brains for Banks. While N.C.R. hopes to cash in with these and other new specialty products, Allyn feels that the big market is for small computers and automated office equipment for small as well as big companies. He is willing to let IBM and Remington Rand dominate the market for huge scientific computers while he guides N.C.R.'s research into the broader market for smaller business computers. "We're aiming for fields where we can sell more than one computer," says Allyn. "We would rather make the Chevrolet than the Rolls-Royce...
...youngster who comes to college is an ill-informed, irresponsible, unambitious product of American adolescence. His vision of life rarely goes beyond beer, dates, and perhaps reading a good book. And on this ill-kempt bumpkin depends the future of America. Out of such material we will build IBM machines and a World Bank. Obviously the college must do heroic things...