Word: ramo
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...long, thoughtful look into the computerized future, Simon Ramo, vice chairman of Thompson Ramo Wooldridge Inc., which is paid to think such thoughts, recently offered a vision of shopping as it may be in the next few decades. "Financial and accounting operations will be revolutionized by electronic information networks. Personal checks, and even currency and coin, will be delegated to a few rural areas or museums. When you buy a necktie or a house, your thumb print in front of the little machine will identify you, subtract from your account and put it into the seller's account...
Sharing this market are 2,000 U.S. school-supply firms. They include not only the oldtime school-supply special ists such as Rand McNally (maps) and Milton Bradley (art materials), but such prestigious newcomers as Thompson Ramo Wooldridge (language laboratories) and IBM (class scheduling). Their market is enormous: 41,500,000 elementary and secondary students, each of whom this year will need about $16 worth of pencils, papers, erasers and teaching materials...
...potatoes compared with Serv-U, the Baker-Black-controlled vending-machine firm. Less than 24 months after it qualified to do business in California in January 1962, Serv U had been awarded chunks of the vending business at three major aerospace firms-North American Aviation, Northrop Corp., and Thompson Ramo Wooldridge's Space Technology Laboratories...
...Washington, six big U.S. firms submitted proposals for four possible satellite designs for Comsat to choose from. The six: A.T. & T. and RCA acting jointly, I.T. & T. and Thompson Ramo Wooldridge, Hughes Aircraft, and Ford's Philco subsidiary. In Rome at a meeting with top Comsat officers, skeptical European officials were finally convinced that the company was moving ahead so rapidly that they should work along with it-or see the U.S. monopolize space communications. In about two months, Comsat will put $200 million worth of its stock on sale; with the capital it raises, it will start experiments...
...partnership is a natural. Ever since he joined his Martin Co. with American-Marietta three years ago, Chairman George Maverick Bunker, 56, has been selling off his least profitable operations and building a nest egg that now amounts to $150 million. On the other hand, Thompson Ramo Wooldridge has the biggest industrial process-control operation in the U.S., supplies devices to such firms as U.S. Steel (to control oxygen furnaces) and Riverside Cement (to regulate cement blending). But TRW did not have capital enough to develop the business and make it profitable. With Martin putting up the cash and owning...