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...rate prices. But DEC has proved to be vulnerable after all. Caught in an industry-wide slowdown, the company will pare its work force by 9,000, or about 7%, by year's end. Last week DEC posted a quarterly loss of $257 million, the first red ink in its 32-year history and a stunning blow for founder and chairman Kenneth Olsen. Ironically, DEC is now threatened by a shift to less expensive but powerful desktop computers. While DEC's size (1989 sales: $12.9 billion) gives it the resources to develop new products, the company will have to move...

Author: /time Magazine | Title: COMPUTERS DEC's: Profits Hit the Deck | 8/6/1990 | See Source »

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...

Author: /time Magazine | Title: TYPEWRITERS: Once High, Now Low | 7/30/1990 | See Source »

...fiscal year ended Saturday, leaving Massachusetts with a deficit exceeding $1 billion. To help wash out this red ink, the Legislature has been trying to raise taxes, but lawmakers have been unable to agree on a method...

Author: NO WRITER ATTRIBUTED | Title: State Begins Fiscal Year Borrowing $1.2 Billion | 7/3/1990 | See Source »

...complain that the air is so bad that washed clothes turn dirty before they can dry on the line. For miles around the notorious Romanian "black town" of Copsa Mica, the trees and grass are so stained by soot that they look as if they have been soaked in ink. "Even horses can stay here for only a couple of years," says Dr. Alexandru Balin, who works in a local occupational-health clinic. "Then they have to be taken away, or else they will...

Author: /time Magazine | Title: Environment: Where The Sky Stays Dark | 5/28/1990 | See Source »

...took several hours for me to realize that I was still standing on the planet earth," says photographer Anthony Suau, recalling his trip last month to Copsa Mica. "It was as if a gigantic bottle of ink had spilled on the town." Copsa Mica's chief industry is tire production, and 24 hours a day its smokestacks heave out noxious, coal-based clouds that cake faces and fingers, cars and houses, grass and trees with endless soot...

Author: /time Magazine | Title: Romania The Blackest Town In the World | 3/19/1990 | See Source »

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