Word: marketeers
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Dates: during 1970-1979
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...extra 3 million bbl. per day at higher prices to offset some of Iran's export shortfall of 5.5 million bbl. per day, the net world loss of 2.5 million bbl. has still started what some oilmen describe as a wild scramble for crude in the free market. Since mid-December the spot price has nearly doubled, to at least $22 a barrel, vs. the OPEC cartel's price of $13.34. This windfall profit for European oil companies and oil traders acting as middlemen has riled the producing nations, which once again are wielding their monopoly power. They...
Both condo and co-op owners enjoy the same attractive tax advantages as homeowners in being able to deduct interest and property taxes. But condos in many areas are appreciating faster in today's churning market because buyers can get mortgage financing at cheaper rates than co-op buyers, who must take out higher interest personal loans because they own nonmortgageable shares instead of property. Co-ops are more restrictive than condos; the building's board of directors must approve a potential buyer before he can acquire shares, whereas a condo can be sold to whomever the owner...
Despite complaints, the new systems are selling well. A T & T has sold 10,000 PBX systems to such corporations as General Electric and Eastern Air Lines since 1975. Though Ma Bell's prices are 10% to 20% higher than most of its competitors, it dominates the PBX market. Contends Dan Hutchings, Bell's PBX marketing supervisor: "We provide more maintenance support for our system, and people will pay a higher price for that sort of quality." The competition has made some inroads, particularly with hotels, hospitals and other institutions that put a higher premium on saving costs...
...number of competitors-Rolm Corp., ITT, GTE and Nippon Electric -are trying to increase their market shares not only by keeping prices low but also by quickly incorporating expanding technology. Danray, though a distant second to AT&T in volume, is generally considered to have the most advanced systems. The company has installed 800 of them (at an average $1,000 per phone) since 1975 and last year had sales of more than $75 million, almost wholly from...
Economies like these easily outweigh temporary technical glitches. Wall Street communications analysts, like Winston Himsworth of Salomon Brothers, see a huge market for the new phones. Himsworth envisions the day when PBX systems will transmit programmed information to put through a wake-up call to an employee in the morning, electronically turn on the lights and air conditioner a few minutes before he arrives at work, and lock the office door when he leaves at day's end. Electronic word-processing machines may be hooked onto the phone system, Himsworth figures, allowing an employee to punch out a letter...