Word: marketing
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Dates: during 1960-1969
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...peeling potatoes." Or, he says, as he casually lights a book of matches with a hand-held laser, "it might even be used as a pilot light for kitchen stoves." To prove that his predictions are not as far-out as they seem, Schawlow has built and will soon market a laser eraser, a model of which he has already attached to his own typewriter. When he makes a mistake, Schawlow merely presses a button. Zap! The laser completely vaporizes dark (and thus light-absorbing) typed words or individual letters, leaving the paper unscarred and with no rubbing...
...want the full commission," he said. "I couldn't even count it all." A Question of Confidence. Though the SEC maintains it is not hunting for scandal, Wall Street always fears that hearings may cause a loss of public confidence in the securities market. Before the current inquiry winds up, the commission expects it to widen into the most comprehensive investigation of the stock exchanges in a generation. The SEC plans to delve into everything from access to the markets by nonmember brokers to the question of whether some exchange rules violate antitrust laws, as the Justice Department contends...
...look like a savior in Goldenson's eyes. According to the tender put together by Loeb, Rhoades (which should collect at least $500,000 in fees if the proposition goes through), Hughes would buy ABC shares at $74.25 apiece. That would be about $15 above the market price when the offer was first made, although the Hughes magic started ABC share values spinning last week, and the stock closed the week at 68 1/4, up ten points. A major objection from the network's viewpoint is that a cash purchase would make sellers liable to capital gains taxes...
...five years as president have been clouded by Ford's losing battle to hold on to its share of the domestic auto market. Annual sales have slipped from 31% of U.S.-made cars in 1961 to about 28% (down to 25.3% for last month). But Miller is not leaving in anger. He admits that he is taking a sizable cut from the $175,000 he earned last year. He intends to stay on Ford's board of directors and keep his 55,783 Ford shares, valued...
...capita annual consumption of baked beans to 11.5 Ibs. -twice the U.S. input. Foreign sales increased steadily, until earnings from abroad represented as much as 85% of the company's total. While Heinz prospered abroad, it no longer seemed to pay much attention to a U.S. food market that was more stable, more varied and more lucrative. Gookin changed all that...