Word: ibm
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Dates: during 1970-1979
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...ruling was a victory for manufacturers of computer hardware (machines and parts) like IBM, and Honeywell. Executives of these companies feared that computer sales would be hurt if programs developed by the software interests were patented and thus made less readily available to computer users. To software producers, including hundreds of small computer programming companies as well as large manufacturers like AT&T that have developed their own software, the court's ruling was a disappointing playback. Says John Bennett, president of Associated Data Research of Princeton, N.J., "I could invest $1,000,000 to develop a new program...
...Bauhaus box and turned to concrete, becoming more adventurous in its use than any other U.S. architect except perhaps I.M. Pei. He faceted façades with angled, deep-set windows, niches and geometrical shapes-all enlivened by the play of sunlight against shadow. At his IBM research center in La Gaude, near the Côte d'Azur, he elevated the entire building on Y-shaped sculptural columns that a less bold designer would have let stand straight. Indeed, the dominant theme in his design of other big buildings has been to create sculpture with a structural function...
...strengthening economy, soaring corporate profits, diminishing inflation. President Nixon's landslide victory provided the decisive impetus. The final push began immediately after the election, and it hoisted prices on a broad range of stocks, from old reliables like A T & T to such solid glamour issues as IBM...
Stocks of companies with long records of rapid profit growth sell at relatively high ratios, for example, 35 for IBM and 50 for Xerox. P/E ratios are high in such glamour industries as photography, cosmetics and soft drinks. Conversely, shares of companies in cyclical industries?in which profits fluctuate widely?usually sell at a low multiple because buyers must put up with considerable uncertainty about the future. In the auto industry, Ford sells at a humble nine times earnings, and even mighty GM commands a P/E of only 11. Other industries in which ratios are low include steel and textiles...
...What's the matter, black man? Are you afraid to die? Blacks who do not fight and give into the white man are slave niggers." He turned on a white man and asked him what he did for a living. When the man replied that he worked for IBM, Tuller flipped again. "I didn't like your looks when you got on!" he screamed. "I should have killed you then...