Word: ibm
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Dates: during 1970-1979
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Commercial warfare erupted last week between two technological titans. International Business Machines Corp. invaded the $1.5 billion-a-year office-copier market by bringing out a machine remarkably similar to a couple made by Xerox Corp., which has long dominated the field. The venture is IBM's most ambitious foray into a new market in the decade since Thomas Watson Jr. took over as chairman. Xerox countered with a lawsuit charging 22 patent infringements and asking a federal district court in Manhattan to prevent IBM from selling its new product...
Overdone Jitters. Computer stocks have been sinking ever since IBM announced in January that its fourth-quarter earnings were off slightly from the year before-a rare event. Last week IBM reported a turnaround in the first quarter; profits rose to $2.02 a share, from $1.82 a year earlier. Its own stock jumped 5¾ points on the news, to close at 331½-still far down from the January peak of 387. The IBM report pulled up prices of some other computer stocks too, but they also remained far below earlier highs. Control Data dropped to 49⅛, less...
Investors' jitters may be overdone. Like IBM, computer makers who are less dependent than Control Data on Government orders are still doing well. RCA's first-quarter computer sales were up 20% from a year earlier. Those sales, to be sure, reflect orders placed a year ago, and Wall Street expects a slowdown in orders soon. But that has not occurred yet on any broad scale. Some businesses, in fact, are increasing rather than reducing their orders because of the developing profit squeeze; they hope that new, faster and more sophisticated computers will cut costs...
...hour's drive from Avoriaz. Created by Eric Boissonnas, a physicist-turned-real estate developer, it is only in its second year of operation and will not be completely finished until 1975. At first sight, it is so austere and functional that it looks rather like an IBM office. The hotel and apartment interiors, however, are elegantly decorated, with heavy emphasis on Knoll and Herman Miller furniture. One of the highlights of the main complex of buildings is a combination restaurant, coffee shop and discothèque, done in Plexiglas and effectively brightened by blue lacquer paint. The lift...
...down to jellied bullion, chicken, and wild rice. We discussed whether the working man really wanted a Marxist state, whether the Cuban revolution would succeed, whether bombing IBM would sway the moderates to the right or left, Then the talk shifted back to the morning's demonstration...