Word: laptops
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Dates: during 1980-1989
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...most dependable star right now is Houston-based Compaq, which makes IBM- compatible desktop and portable machines. Started less than eight years ago, Compaq is expected to reach sales of $3 billion in 1989. Last week the company did it again. Compaq introduced its eagerly awaited LTE, a laptop machine that packs all the power of a desktop computer into a package small enough to fit into a briefcase. The notebook-size machine has a standard keyboard and an easy-to-read backlit screen. Most important, the 6-lb. machine is the only one of its size that accepts standard...
...prices, the LTE will be a formidable competitor, according to industry analysts. Boasts Compaq spokesman John Sweney: "It's a full-function PC. It gets everything into that same size without any of the compromises that other manufacturers had to make." Compaq is aiming at a hot new market: laptop sales are expected to grow from 834,000 units this year to 2 million annually...
While the industry has a few sizzling products like laptop computers, the overall sluggishness is hurting many businesses, ranging from supercomputers to software. Cray Research, the largest supercomputer maker, said early this month it will cut its work force about 7% because of slack demand. Mainframe manufacturer Unisys, which has reported operating losses of $79 million so far this year, plans to slash its payroll by 8,000 workers, or 9%. Wang, which lost $424 million during the past fiscal year, may be pushed into a merger. Former rising stars in personal computers, notably Commodore and Wyse Technology, are losing...
After years of red-hot growth, the industry is maturing. Companies are launching more products, yet few are truly innovative. -- But Compaq's new laptop is likely to score...
Zenith had expanded into computers to reduce its reliance on TVs, a business that low-cost foreign producers were beginning to dominate. The company bought the electronics-kit maker Heath in 1979 and expanded the division to include a line of laptop computers. Zenith's machines are now among the world's best sellers, bringing in about 60% of the company's revenues of $2.7 billion. With this deal, Bull will become the largest European-based computer maker...