Word: megamarket
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Dates: during 1982-1982
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...upheaval. For years, IBM and AT&T have warily circled each other, sensing that each is dominant in a market that holds enormous promise for the other. Since the '60s, the once distinct worlds of data processing and communications have increasingly fused together into a vast new megamarket. Computers a continent apart communicate with each other over telephone lines and via satellite transmissions. Meanwhile, the elaborate multibillion-dollar telephone networks that make such communications possible have grown dependent on computers to function...
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