Word: pac
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Dates: during 1980-1989
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Embattled managers who hope to avoid corporate takeovers can draw upon a wide array of defenses. Many have acquired exotic names: Pac-Man, shark repellent, white knight. Some are more effective than others, and none, alas, work all the time...
Martin Marietta's tactic was a prime example of the Pac-Man defense, whereby a threatened company responds to a takeover bid by trying to buy up its attacker's stock. Another defense is the self-tender. A company threatened by takeover of fers to buy its own shares at prices higher than the attacker...
...gaggle of new players in this industry, once the undisputed domain of A T & T. More than 100 companies now compete with A T & T's Western Electric in manufacturing a vast new array of telephones, from the basic black model to designer styles and gimmicks like the Pac-Man special. Opportunities for growth-and disaster-abound. Technicom International, a young Darien, Conn., company that sells residential phones and small-business communications systems, captured revenues of $43 million in its first full year. Wall Streeters predict, however, that newcomers to the telecommunications competition will have a high mortality rate...
Jersey Mother Held in Drowning of Two of Four Missing Children and Reagan Signs Bill to Pay U.S. Farmers Not to Produce Milk. No children. No milk. Nothing connects these items but the newspaper page on which both appear, and the reader's mind, ravenous as Pac-Man, prepared to bite off more than it can chew. In the evening, on television, more stories pile up. Gasoline Leaks Threaten Water Supplies and Sullivan is Electrocuted Despite Pope's Pleas. No water. No Sullivan. No visa: The Reagan Administration Rejects Visa Application from Nicaragua's Interior Minister...
...computing: programmed fiction. Machines that were used mainly for blasting aliens and calculating monthly budgets are now also churning through adventure tales and murder-mystery plots. "It's like reading a novel, only you are the protagonist," says Science-Fiction Writer Linda Bushyager. While arcade-style games like Pac Man are losing popularity, these complex programs are winning more and more fans. In Deadline, one of ten computer "novels" produced by Infocorn, a Cambridge, Mass.-based software publishing house, the player is given a casebook of evidence, a floppy disc containing the plot, and twelve hours to unravel...