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...Pepsi Challenge. Last week, for example, company officials sped some of the first cans of the new drink from a Queens bottling plant to Manhattan's Battery Park, where they loaded them aboard a tugboat and took them to Liberty Island. Then in a brief ceremony, Charles E.F. Millard, chairman of the Coca-Cola Bottling Co. of New York, presented a can to a worker on the Statue of Liberty renovation project. As the new Coke is introduced into various marketing areas, it will be accompanied by a barrage of commercials, including one that shows a gigantic can rising...

Author: /time Magazine | Title: Battling It Out | 5/13/1985 | See Source »

...William Millard borrowed $250,000 to expand an Oakland-based computer company called IMSAI. The lender, a Boston-area investment firm named Marriner & Co., got a note that was convertible into 20% of the stock in Millard's company. Last week a California jury ordered Millard to pay up, and the verdict may cost him $525 million, or 2,100 times the original loan. Reason: Millard built a sister company of IMSAI into ComputerLand, the giant retail computer chain (1984 revenues: $1.4 billion), and 20% of ComputerLand's stock is worth a fortune...

Author: /time Magazine | Title: Computers: The $525 Million Iou | 3/25/1985 | See Source »

...verdict stands, the money will go to Micro/Vest, a California-based investor group led by John Martin-Musumeci, a former ComputerLand employee. Formed in 1981, Micro/Vest paid Marriner $1.9 million for Millard's note, before ComputerLand shares zoomed in value. Marriner sold to avoid a legal battle after Millard disputed its claim to ComputerLand stock...

Author: /time Magazine | Title: Computers: The $525 Million Iou | 3/25/1985 | See Source »

...Micro/Vest was more than willing to fight. In last week's first round, the jury awarded Micro/Vest the ComputerLand stock it sought, which may be worth $400 million. It also ordered Millard, who plans to appeal the ruling, to pay Micro/Vest $125 million in punitive damages for trying to renege on his debt...

Author: /time Magazine | Title: Computers: The $525 Million Iou | 3/25/1985 | See Source »

Northerners were easier on Rutherford B. Hayes than the experts in other regions. The South had a special feeling for the last Whig, Millard Fillmore. The Midwest gave Truman and Ike an edge. In almost every instance, a historian studying a specific President was more sympathetic to him. Military historians downgraded the Naval Academy's own Jimmy Carter. Afro-American historians rated Jefferson relatively lower; Western and Frontier historians put him higher...

Author: /time Magazine | Title: The Presidency: Trying to Measure Greatness | 12/19/1983 | See Source »

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