Word: itt
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Dates: during 1990-1999
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...been a leader; it has eliminated 140,000 jobs since 1984). Nor are split-ups and spin-offs a minor part of that move: one study counts nearly 100 sizable new companies formed by such breakups since 1992. Many, however, were deconglomerations of unrelated businesses, such as ITT's recent three-way division, rather than split-ups of tightly knit operations like...
...biggest corporate breakup since AT&Tshed the Baby Bells, ITT announced that it will divide itself into three companies. The move will split up a $25 billion business empire into three independent companies -- an insurer, an industrial products manufacturer and an entertainment company. The restructuring, saysTIME New York bureau chief John Moody, should placate restless stockholders by increasing the value of their shares. Under the plan, investors would receive one share in each of the three new companies for every share they now own. "We are convinced that this action will increase immediately and over time the value...
...automotive industry is finally moving from the Iron Age to the Silicon Age," says Timothy Leuliette, president of ITT Automotive, which produces electronic and structural components for the Big Three. "No one should think of Detroit anymore in terms of steel stampings and iron castings. It's the largest consumer-electronics industry in the world. The vehicles are going to become smarter in how they stop smart, how they handle smart, and how they keep you from getting into trouble...
...more remarkable developments in sensor technology is the Automotive Stability Management System under development by ITT and already proved on frozen test tracks in Sweden and on the upper peninsula of Michigan. Using a coordinating system of seven sensors that detect the sideways momentum, steering-wheel position and cornering rate of the car along with the rotation of each of its wheels, the asms overcomes any driver error and makes skidding virtually impossible even on ice covered lightly by snow. "With this system," says ITT's Tom Mathues, "you can floor the throttle and still get around a cone obstacle...
...courts at the ITT are left open for walk-one while the other three can be reserved for ten dollars per singles court, per hour...