Word: pocketing
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...also its Achilles' heel; the danger that chip makers could eventually produce far more and far more powerful chips than the market can absorb is real. By 1985, according to C. Lester Hogan, vice chairman of Fairchild Camera & Instrument Corp., it will be feasible to build a pocket calculator "that will be more powerful than, and almost as fast as," the $9 million Cray-1, built by Cray Research Inc. in Chippewa Falls, Wis., and recognized as the mightiest computer in the world...
...research house, could have a significant impact on IBM itself with in the next five years. Japanese manufacturers have also shown imagination in designing chip-controlled appliances; all the home video recorders sold in the U.S. are made in Japan, as well as the majority of the low-priced pocket calculators...
Perhaps, as Bell Labs' Thomas suggests, &"the most exciting applications will not come until the kids who are still in high school and have grown up with pocket calculators and home computers become the engineers of the 1980s and 1990s." But the miracle chip is here now, and if American business does not quickly take the lead in exploiting its myriad and ever growing capabilities, a potentially enormous market could slip through its fingers...
...such product is the slide rule, made obsolete by the faster, more accurate and inexpensive pocket calculator. Keuffel & Esser Co., once the world's largest producer of slide rules, stopped manufacturing them...
Intel's little chip had repercussions far beyond the pocket-calculator and minicomputer field. It was so small and cheap that it could be easily incorporated into almost any device that might benefit from some "thinking" power: electric typewriters with a memory, cameras, elevator controls, a shopkeeper's scales, vending machines, and a huge variety of household appliances. The new chip also represented another kind of breakthrough: because its program was on a different chip, the microprocessor could be "taught" to do any number of chores. All that had to be done was to substitute a tiny program...