Word: product
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Dates: during 1960-1969
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...back in 1947-49 now costs $1.26½. The department bases its index on about 300 items-food, clothing, durable goods, services-but it was primarily the higher cost of food that sent the index up. Prices have crept up 1.6% in the past year, while the gross national product has shot up much more. In the second quarter of 1960, according to new figures last week, the U.S. economy produced goods and services at an annual rate of $505 billion, well above a year ago (see chart...
...will be an old hand in building military hardware. International Business Machines Corp. But the company that will teach IBM's computers how to solve the Air Force's vast logistic and strategic problems is tiny (1959 sales: $3,400,000), little known Technical Operations Inc., whose product is what might be called "the big think." Tech Ops is one of a growing number of new companies that provide theoretical solutions to the enormously complex problems now confronting business and Government...
What alarms many analysts is that investors neither carefully investigate what a company really has planned for the future nor realize that in many cases, even if a company succeeds in bringing a new product to market, it may not have the facilities to sell it, or a market big enough to make money. The big talk in the electronics industry is of the coming "shake-out" that will spell doom for many of the 5,000 firms now in the industry. Even in the glamorous transistor field, only the strongest and most inventive companies can hope to prosper...
Inventive Brains. The hottest growth stocks are those that have the extra ingredient of glamour: a unique or fascinating product, or even the possibility of developing one. Born of an age of rockets and missiles, their companies bear such intriguing names as Itek (information classification), Haloid Xerox (office copying), Transitron (transistors), Ampex (tape recorders). Ionics (electrically charged filters that desalt water), and High Voltage Engineering (electronu-clear machines...
...Nerve. "I'd still like to invent the products," says Fairchild, "but the business has become too big for that." Fairchild believes that it is not enough simply to develop a product that is slightly better than a competitor's. He had no interest in bringing out a movie camera that was only an improvement on cameras on the market. But when his re searchers came to him with the idea of a home movie sound camera, he gave en thusiastic approval. "Fellows from the camera company came to see me and said they could produce...