Word: rand
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Seventeen years ago, when two University of Pennsylvania professors developed the first electronic computer, International Business Machines sniffed that it had no commercial future. But in the early '50s, when computers made by Remington-Rand began replacing IBM punch-card machines. IBM rushed into building computers and quickly took over most of the market. Lured by IBM's success, other office-equipment makers and electronics companies rushed into computers and waited for the profits to roll in. With the exception of a lone company, they are still waiting...
...huge 7090 ($63,000 monthly), that competitors can find no chinks in its armor. IBM's army of salesmen is the industry's best paid-incomes average $16,000 to $20.000 a year-and most numerous. Complains Dr. Louis T. Rader, president of Sperry-Rand's Univac division: "It doesn't do much good to build a better mousetrap if the other guy selling mousetraps has five times as many salesmen...
...freshman squash team, with a 9-4 record for the season, also faces Yale at 3 p.m. today in Hemenway. Competing for Harvard will be Dinny Adams, Peter Brooks, Steve Simpson, Larry Rand, David Benjamin, Robin Howard, Bill Weld, Tim Carter, and John Pratt...
...Sperry Rand, with its new PACC (Product Administration and Contract Control) system, now has nine people handling data-processing assignments that previously occupied 201 employees...
...think the university has a right to tell people when to wear coats and ties," commented Rand F. Jack, president of the group. "The question is outside the province of the university...