Word: ibm
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Dates: during 1990-1999
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Thompson's declaration stirred up a fuss around the P.G.A. event scheduled Aug. 9-12. Civil rights leaders mounted plans to picket the tourney. IBM, Toyota, Anheuser-Busch and Honda yanked ads from telecasts. The P.G.A., which has routinely played at all-white clubs since it was founded in 1916, vowed to stop it. At week's end, Mayor Richard Arrington, who is black, got a "statement of clarification" in which Shoal Creek's board of governors asserted that membership in the club "is open to any natural person over the age of 21." What the word natural means...
Nearly 30 years ago, IBM revolutionized the office workplace when it introduced the Selectric electric typewriter. The premier symbol of the high- tech office of the future, the Selectric used plug-in cartridges, instead of messy ink ribbons, and replaced the sliding carriage and keys with a rotating typing golf ball. Since 1961, IBM has sold some 13 million Selectrics, making it the best-selling machine in the company's 76-year history...
Yesterday's high tech, though, is today's low tech. The Selectric lost much of its luster in recent years when secretaries switched to word processors and personal computers. As a result, IBM is putting its typewriter business on the auction block. The most prominently mentioned buyer: Clayton & Dubilier, an investment firm. Says Kenneth Camarro, an office-automation consultant: "IBM has read the writing on the wall." And the writing didn't come from a Selectric...
Climbing the corporate ladder is trickier than ever at a time of widespread corporate restructuring. When recruiters talk about long-term job security, young adults know better. Says Victoria Ball, 41, director of Career Planning Services at Brown University: "Even IBM, which always said it would never lay off -- well, now they're doing it too." Between 1987 and the end of this year, Big Blue will have shed about 23,000 workers through voluntary incentive programs...
Five years ago, IBM was forced to retreat from the home-computer business after its PCjr. proved to be a flop. Last week the company rolled out a new line of computers designed for novice users. The PS/1 represents a vast improvement over the PCjr., which was much maligned as awkward and toylike. The new computers come loaded with user-friendly software programs, and IBM has developed an electronic hot line to help first-time buyers. Yet the PS/1 faces obstacles, notably the abundance of competitors. Another drawback is PS/ 1's cost, estimated...