Word: rivalling
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Dates: during 1980-1989
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...Talk about cutthroat competition. Boston-based Gillette, which dominates the $700 million U.S. wet-shaver market with a 65% share, sued Swedish-owned rival Wilkinson Sword last week for claiming in a TV commercial that its new Ultra Glide razor provides the "smoothest, most comfortable shave known to man." No matter that manufacturers have freely boasted for years that their products are the biggest, the best or even the most aromatic. Gillette accused Atlanta- based Wilkinson, which controls 4% of the blade market, of false advertising...
...Cray and the company he founded have decided to go their separate ways. In an unexpected move, the firm announced last week that it was splitting into two rival entities: Cray Research, based in Minneapolis, and Cray Computer, based in Colorado Springs and headed by Seymour Cray. The new company, financed with $150 million in cash and equipment from its parent firm, will devote itself to developing the long-awaited Cray-3, a computer that will compete head on with the next generation of supermachines produced by Cray Research. "It's a stunning development," says Gary Smaby, an analyst with...
...dramatic breakup was the latest of several surprises that rocked the intensely competitive industry this spring. In April NEC, one of Japan's three supercomputer makers, announced a machine it claims is eight times faster than the speediest Cray. A week later Cray's crosstown rival Control Data declared that after five years and $238 million in losses, it was closing its supercomputer subsidiary, ETA Systems. That left Cray as the last U.S. company still racing the Japanese for pre-eminence in what both countries view as a technology critical to the future of science and industry...
...over the proposed merger of Time Inc. and Warner Communications Inc., which will create a strengthened No. 2 cable-systems operator, behind Denver-based Tele- Communications. "The burning issue right now is how much access the Time- Warner group will give to its competition," says an executive of a rival cable company. According to a study by Michael Salinger, a professor of public policy at the Columbia University business school, system operators may indeed show bias toward their own networks over channels owned by other companies. Says he: "I found that ATC systems tend to favor HBO and Cinemax...
Sorrell's takeover of Lord, Geller, Federico, Einstein, which was part of the JWT purchase, has proved more troublesome. Nine months after the deal, co- founder Dick Lord and five top executives walked out and formed a rival firm that they staffed with their former colleagues. Today both sides are mired in a court battle over the takeover and defection. Says Lord: "Martin is a man of property. He believes that the ends justify the means...