Word: memorex
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...First Congress proposed the Seventh Amendment, guaranteeing the right to a jury trial "in Suits at common law, where the value in controversy shall exceed twenty dollars." But back in 1789 they could never have imagined anything like Memorex...
...novel. At a glance, it may seem another tour of Joan Didion's empty existential horizons -damaged people failing to communicate in a dry land. But Schwartz's central character, Paul Kramer, renders his past imperfect with a poignancy that gives the novel a solid grounding. His Memorex ear for dialogue and his unblinking self-examination provide the basis for a muted, moral judgment on life as it was lived along the San Andreas Fault in the good old days of Watergate. If Paul's relationship with Emily, the ventriloquist lady, remains a trifle too enigmatic, that...
...talk about is the sky-high housing costs. Last year the average price of a house was almost $74,000 in the Santa Clara Valley, vs. $43,000 in the nation as a whole. Ted Oliver, an engineer for Sycor in Ann Arbor, Mich., turned down a job with Memorex in the valley because he figured that, despite the handsome pay and perks, "I would have had to accept a lower living standard at double the cost." No doubt many other employees, new and old, are happy out in the valley. But with the nation's economy now slowing...
Some investments approach that ideal. Allstate Insurance Co.'s private placement division maintained a growth rate of 40% a year during most of the 1960s by making prescient purchases in such companies as Memorex, Teledyne and Control Data. Chicago Financier E.F. ("Ned") Heizer has put his Heizer Corp. into a 32% ownership of Amdahl Corp., a computer maker that has booked $30 million of orders in its first year of production. The biggest hit of all was made by former Harvard Business School Professor Georges F. Doriot, who launched American Research and Development Corp. in 1946 as the nation...
Stung by the loss of business, IBM struck back by introducing new peripherals with prices 10% to 35% lower than comparable existing models. On top of that, IBM filed a lawsuit against Memorex, a large peripheral maker, alleging use of IBM trade secrets. The company also brought out a model of its new System/370 that can be equipped with its own disk drive, making it difficult for a user to add a competitor's gadget. The independents have retaliated with price cuts of their own, and more are expected...