Word: next
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Dates: during 1980-1989
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...modern packaging: the Electronic Bible. This is not a new translation but a hand-held computer containing the entire scriptural text in either the King James or the Revised Standard Version. The item, manufactured by New Jersey-based Franklin Computer, will go on sale in selected retail outlets next week. Price...
...shake-out phase, in which slowing growth will force some companies to restructure or combine with healthier partners. Instead of the robust annual sales growth of 15% to 20% that the industry enjoyed in the early 1980s, computer revenues will expand an estimated 6% to 8% during the next few years. That pace would delight most industrialists, but among computer makers it represents an abrupt comedown. Profits are being squeezed even more. Last week the world's No. 1 and No. 2 computer makers announced sharply lower earnings during the most recent quarter. IBM said its profits declined nearly...
That pace of innovation does not exist today, many experts contend, in part because of the industry's maturity. Since most of the easy problems have been solved, the next major advances will come harder and slower. Rick Martin, who follows the industry for Prudential-Bache Securities, points out that software is still produced in the same four categories as it was nearly a decade ago: spreadsheets, data base, communications, and text or graphics processing. "There's no knock-'em-dead technology out there," he says. "There's nothing out there that makes you feel like you're missing something...
Some executives contend that innovation is alive and well, citing such advances as notebook-size computers and high-speed RISC microprocessors. Says T.J. Rodgers, chief executive of Cypress Semiconductor: "What the bean counters who make projections forget is that in the next two to three years, we will have the next set of innovations, which will make them abandon their projections. It has happened before, and it will happen again." Don Valentine, a partner in Sequoia Capital, a venture-capital firm, contends that creative stagnation is confined mostly to the big corporations, including IBM, Wang and Unisys. Says he: "There...
...Consumer Price Index rose a modest 0.2% in September, propelling the market to a 39.55- point gain. The Dow closed at 2689.14 Friday, up a record 119.88 points for the week. In Tokyo the Nikkei index lost 647.33 points Monday but surged more ! than 1,000 points in the next four days to finish the week...