Word: rand
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Dates: during 1950-1959
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DONALD A. RAND...
Editor Haydn has worked with such authors as Jerome (The Enemy Camp) Weidman and Ayn (The Fountainhead) Rand, discovered or brought along such young novelists as William (Lie Down in Darkness) Styron and H. L. (Paris Underground) Humes. Says another of his authors, Truman Capote: "He is one of these very fatherly types. He is aggressively normal-you can see the blink behind the eye even though the eye is open. He is very much the commuter, and really the perfect editor-for people who need an editor...
...climate warm for U.S. investors, whose $800 million stake in Cuba includes huge plantations producing 40% of the sugar. In turn. Cuba will keep its big, guaranteed share of the U.S. sugar market. A dozen U.S. industries in Cuba, including Firestone, Du Pont, Reynolds, Phelps Dodge and Remington Rand, finished plants last year, and other big firms are going ahead with building plans...
...major advance at venerable N.C.R., the world's No. 1 seller of cash registers and No. 2 maker of office equipment (after International Business Machines). N.C.R. is hustling to expand beyond mechanical to electronic machines. In this fiercely competitive field, N.C.R. started long after IBM, Remington Rand or Burroughs; its real push began only in 1952, when N.C.R. bought the small Computer Research Corp. of Hawthorne, Calif. (TIME, Oct. 6, 1952). Since then it has moved fast, boosted its research and development bill from $2,600,000 (1.1% of sales) to $14 million (3.6% of sales). This year...
Brains for Banks. While N.C.R. hopes to cash in with these and other new specialty products, Allyn feels that the big market is for small computers and automated office equipment for small as well as big companies. He is willing to let IBM and Remington Rand dominate the market for huge scientific computers while he guides N.C.R.'s research into the broader market for smaller business computers. "We're aiming for fields where we can sell more than one computer," says Allyn. "We would rather make the Chevrolet than the Rolls-Royce...