Word: maker
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Dates: during 1980-1989
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Every industrialized country is looking to high technology for its salvation. But competitiveness, high productivity, innovation - or their lack - will be even more decisive in the New Economy than in the old; an inefficient chip-maker will suffer just as much as an inefficient steelmaker. And the pitfalls will be just as deep for high-tech managers as for those in old-line industries. High tech is no passport to business success. Digital Equipment Corp. is a leader in the minicomputer business, but it is now having to run to catch up in micro computers. Xerox pioneered office copy machines...
High tech is trying to get into the fitness business with more and more electronic whizmos that give exercisers a more precise idea of how much energy they are expending. Huffy of Dayton, Ohio, a maker of stationary exercise bicycles, next fall will introduce its Model 500 Aerobic Fitness Cycle. Sensors in the handgrips will check pulse rates and display them on a small screen. Price...
Caterpillar executives hope the wage freeze will help to revive profits. The ailing maker of earthmoving and construction equipment was $180 million in the red last year, its first yearly loss since 1932. It lost $172 million more in this year's first quarter. The firm laid off some 20,000 workers during 1982 in addition to the 20,400 strikers, and has slashed its capital spending and research budgets. "Cost containment is vital," says Chairman Lee Morgan, 63. "We will have to scratch still harder for business and manage more effectively...
...through March. It was Chrysler's largest quarterly profit ever. Overall, though, the earnings picture in the first quarter was one of lights and shadows, of a recovery not quite fully developed. IBM's earnings rose 24%, to $976 million, but the world's largest computer maker did better than its smaller brothers. Control Data's profits fell 12.5%, Honeywell's were off 60%, and Texas Instruments' dropped to $7 million from $28 million. General Electric's profits rose 13% on a total sales gain of 1%, mainly due to cost cutting...
...secret of successfully translating opera from stage to screen lies in respecting the musical source but exploit ing the film medium's restless, inquiring mobility. As both a film maker (Romeo and Juliet, The Champ, Endless Love and an experienced opera director, Zeffirelli understands both genres. In Soprano Teresa Stratas (Violetta) and Tenor Placido Domingo (Alfredo), he has chosen two exceptionally convincing singing actors. But film also demands motion, sweep and scope, so at intense moments the camera breaks free of its traditional front-row-center moorings and begins to roam. As counterpoint to Alfredo's second...