Word: ibm
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Dates: during 1970-1979
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...system on closing night - at almost the precise moment that our psychic-phenomena story was fed into it. Against astronomical odds, both of the machines that print out TIME'S copy stopped working simultaneously. No sooner were the spirits exorcised and the machines back in operation than the IBM computer in effect swallowed the entire cover story; it developed a flaw in its programming that sent the copy circling endlessly through memory loops from which it could not be retrieved. Thirteen hours and a second expert exorcism later, the IBM 370/135 snapped out of its trance and grudgingly returned...
...prove that Hearst could afford such demands, Cinque rattled off a long list of Hearst family holdings worth "hundreds of millions of dollars," from Mexican silver mines to IBM stock. No matter that the vast majority of the holdings belong to the foundation, since that is merely "a tax loophole," he said. Even the family's objets d'art were not exempt from S.L.A. attention: among other things, Hearst owned "24 Greek vases valued at $10,000 each" plus "a collection of Oriental rugs given to him by his personal friend the Shah of Iran." The kidnapers...
Half the physics prize is to be divided between Japanese-born Leo Esaki, 48, of IBM's Thomas J. Watson Research Center in New York and Norwegian-born Ivar Giaever, 44, of G.E.'s Research and Development Center in Schenectady, N.Y. The other half goes to Welsh-born Brian D. Josephson, 33, of Cambridge University. In a series of brilliant experiments and calculations, the three scientists explored different aspects of a phenomenon that has become increasingly significant in modern electronics: electron "tunneling," the passage of electrons through insulating material that, according to classical physics, they should...
What seems to have impressed the judge most was the argument of IBM's chief counsel, Thomas D. Barr, who contended that a failure to reduce the huge award to Telex would permit it to "claim damages which are effected by its unlawful plan to appropriate IBM's business to itself." Conceding that he faced an "almost unmanageable" problem in trying to rejigger the judgment, Christensen first plaintively requested the disputants to appeal to a higher court. But by week's end he had apparently recovered some of his old self-confidence and announced that he would...
Telex does not have much time to waste waiting. It has been counting heavily on collecting from IBM to rescue it from its deep debts. If the Tulsa-based company is forced to pay off the $21.9 million claim against it before collecting at least as much from IBM, warned Telex Attorney Floyd L. Walker, "there is no way Telex can stay out of bankruptcy and become any kind of viable competitor." Walker's plea provoked a charitable response from IBM, which agreed not to press for the money until the case is finally decided...