Word: ibm
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Dates: during 1970-1979
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...system would store items in its capacious memory bank-a monthly mailing list in the case of the mailorder house-and electronically direct either nearby or distant copiers to reproduce material. The major questions are how soon such a system can be developed, and which of two corporate titans-IBM, the computer colossus, or Xerox, the copier king-will...
...present, Xerox and IBM are only in the early rounds of the battle, but it is already proving costly. Each has been forced into an expensive invasion of the other's special turf. In order to acquire the necessary technology to produce an eventual hybrid system, Xerox has had to go into the computer business, and IBM has had to produce photocopiers. IBM has been the more successful, though neither has done especially well...
Tough Challenge. Xerox clearly faces the greater problem. It is the smaller company-though size in this league is strictly relative; Xerox's 1971 sales of nearly $2 billion and profit of $213 million would compare favorably with almost anything except IBM's figures of $8.3 billion gross and $1.1 billion net. Xerox also confronts a tougher technical and financial challenge. Computer technology is much more sophisticated than copier-making expertise, and computer manufacturing is vastly more expensive. Moreover, most computers are leased to customers rather than sold, and it takes a long time for the manufacturer...
...money out of the funds, putting the cash instead into savings accounts, real estate investment trusts and tax-sheltered municipal bonds. That does not exactly leave the funds broke; last year their assets exceeded $55 billion, equal to the combined assets of General Motors, General Electric, Jersey Standard and IBM. But fund managers can no longer dismiss the excess of redemptions over sales as a temporary fluke. It seems to be turning into a chronic problem that if not solved could halt for good the funds' once dazzling growth. As a result, some funds are taking direct action. Last...
...solid, sustained expansion of the whole economy. Profits were up in 27 of the 32 industries in Citi-Bank's study, and the list of companies that have reported an after-tax earnings gain of 20% or more in the second quarter is impressive-General Motors, Ford, IBM, Sperry Rand, DuPont, Union Carbide, Caterpillar Tractor, International Paper, B F. Goodrich, Eastman Kodak and Zenith. Small firms in the same fields are often doing even better, according to Michael K. Evans, president of Philadelphia's Chase Econometrics, "'because they were hurt worse in the recession...