Word: maker
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Dates: during 1980-1989
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...surface, Commodore's troubles seem to have started with the abrupt departure in January 1984 of President Jack Tramiel, who resigned after a dispute with Chairman Irving Gould and later became head of Atari, a rival home-computer maker. A savvy salesman and cutthroat competitor, Tramiel made Commodore a huge success by bringing out quality products at rock-bottom prices. But Tramiel bears some of the responsibility for Commodore's recent slide. He focused on sales and skimped on research and development of new models...
While it remains the world's leading maker of photographic equipment, Kodak (est. 1985 sales: $10.6 billion) has been suffering a string of negative developments. In January the company lost a patent-infringement suit brought by Polaroid, and dropped out of the instant-camera market. Last week Kodak announced that weak 1985 earnings will compel it to eliminate 10% of its 129,000 jobs. The company also plans to cut out raises for 130 top executives in 1986 and to reduce overall spending...
...point-and-shoot cameras, but the Maxxum was the first fully automated single-lens reflex product to enable people to take high-quality 35-mm pictures with high-technology ease. Now the year-old Maxxum is attracting rivals. Last week Nippon Kogaku (est. fiscal-1985 sales: $940 million), the maker of Nikon, became the first firm to announce a comparable alternative to Minolta's pioneering model. Like the Maxxum, the Nikon N2020 will use two microchips and a tiny motor inside the camera to focus automatically. The camera, which will be priced at about $460 for the body alone when...
Minolta seemed unperturbed by the Nikon announcement. Said Minolta President Hideo Tashima: "Nikon's move is welcomed, although we expect the competition will intensify. The pie will grow bigger if everyone takes part." The field in fact may soon grow crowded. Canon, Japan's largest camera maker, is expected to introduce a similar 35-mm model later this year. Experts say Olympus and Ricoh are readying their own versions...
Whether it is diet Coke, new Coke, classic Coke, cherry Coke or some other soda, more soft-drink fans buy something sold by Coca-Cola than by any other beverage maker. No. 2 PepsiCo keeps trying hard to catch up, and last week the company may have found a way to do so. Pepsi announced an agreement to buy Seven-Up, the third-largest soft-drink manufacturer, from Philip Morris for $380 million. As part of the deal, Philip Morris retains Seven-Up's bottling plants and food division. By adding Seven-Up's 7% share of the $26 billion...