Word: profiteered
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...easily be stored in the memory bank of the computer part of the system and reproduced instantly on the copier part whenever necessary. Whichever company wins the research battle to develop the system will thus get first shot at enough new business to bolster its accustomed huge sales and profit gains far into the future...
Tough Challenge. Xerox clearly faces the greater problem. It is the smaller company-though size in this league is strictly relative; Xerox's 1971 sales of nearly $2 billion and profit of $213 million would compare favorably with almost anything except IBM's figures of $8.3 billion gross and $1.1 billion net. Xerox also confronts a tougher technical and financial challenge. Computer technology is much more sophisticated than copier-making expertise, and computer manufacturing is vastly more expensive. Moreover, most computers are leased to customers rather than sold, and it takes a long time for the manufacturer...
...strain has not yet told on Xerox's profits, which rose 18% above the 1971 period in this year's first six months, but Chairman C. Peter McColough recently warned securities analysts that profit gains in the second half will not be quite so large as Wall Street had been expecting. McColough frankly concedes: "We are not happy about what we have to do, but the simple truth is that we have no choice. If we do not do it [develop a computer-copier system], IBM will, and then we will be nothing more than a company that...
...luring many advertisers. Now, however, the in-flights are changing from expensive throwaways to solid publishing ventures, with a relatively new book, American Airlines' The American Way, jetting into the lead. The American Way is expected to earn $25,000 to $50,000 this year-the first significant profit ever turned by an inflight-after losing as much or more for four years running...
...Caldwells saw no reason why an in-flight magazine should not draw enough advertising to earn an eventual profit; airline passengers, after all, tend to be affluent people with sophisticated buying tastes. But they realized that first they had to offer passengers something more interesting than the traditional public-relations puffery. Accordingly, the Caldwells commissioned artists such as Peter Max and Alexander Calder to paint covers and other art work that by now has won more than 30 art awards, and got name authors like James Michener, Pearl Buck and Nathaniel Benchly to write for them. Recent issues have roamed...