Word: ibm
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Dates: during 1970-1979
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John Doar, LL.D. By your patient craftsmanship in the impeachment proceedings of the United States House of Representatives, you proved that the political and legal systems of this nation are reliable even under extraordinary stress. Thomas J. Watson Jr., LL.D., chairman of the executive committee, IBM. Vernon Jordan Jr., LL.D., executive director, National Urban League...
What has digested 50 million pieces of paper, chewed on 500 witnesses and has 38 legs? Answer: the rival teams of lawyers appearing in court to argue the Government's mammoth IBM antitrust suit. The largest such case ever to go to trial in the U.S. finally got under way in a New York federal district court last week, even bringing the usually officebound IBM chairman Frank T. Gary in to watch the opening session. Already, critics contend that the main thing the trial will prove is that the antitrust laws have become so complex to enforce...
Even that rapid a rise in production would still leave the economy operating well below its capacity. IBM Vice President David Grove figures that real G.N.P. this year will run 15% below what it could be if the economy used its resources of plant, materials and manpower to full potential. The gap between actual and potential output, he calculates, will shrink only to 13% next year, and even to 11% by 1977. At its peak, in the third quarter of 1973, production was running at less than 2% below capacity...
...Charles de Gaulle, computer logic was politically straightforward: France, he insisted, must develop a home-grown computer industry capable of competing with the American giants, particularly IBM. For nearly nine years the French government followed his Plan Calcul. Last week France abandoned its pursuit of that chimera and approved the merger of the Compagnie Internationale pour I'lnformatique, a 24% government-controlled computer company, with Honeywell Bull, the Paris-based subsidiary of the U.S. computer maker Honeywell...
...three small computer firms were eventually welded into the Compagnie Internationale pour I'lnformatique, known as CII. It never really gave Americans much competition. GE increased its holding in Machines Bull to 66% and then sold its interest to Honeywell in 1970. Under the leadership of a former IBM engineer, Jean-Pierre Brulé. Honeywell Bull earned a $25.3 million profit in 1974 on sales of $534 million and enjoyed a solid 18%-to-20% share of the French market. By contrast, even with massive infusions of government capital, CII never made money, and its share of the French...