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Back from the war, Tom Jr. saw IBM afresh and quickly realized that its future lay in computers, not a 19th century information technology like tabulators. Even the first primitive vacuum-tube machines could calculate 10 times as fast as IBM's tabulators. Many people, however, including Watson's father, couldn't believe the company's core products were headed for extinction. Nonetheless, Tom Jr., who became IBM president in 1952, never retreated. He recruited electronics experts and brought in luminaries like computer pioneer John von Neumann to teach the company's engineers and scientists. By 1963, IBM had grabbed...

Author: /time Magazine | Title: THOMAS WATSON JR: Master Of The Mainframe | 12/7/1998 | See Source »

Long before this century and well into it, women without means labored hard--inside the home, without vacuum cleaners or even electricity, and for pitifully low wages outside the home. In 1900, most of the 21% of white women who were employed found themselves confined mainly to textile and garment factories; almost all the 41% of black women who had jobs were agricultural laborers or servants...

Author: /time Magazine | Title: Cracking The Ceiling | 12/7/1998 | See Source »

...ravenous quest for investment data would not be sated by print alone, a vacuum exploited brilliantly by Michael Bloomberg. Pushed out of Salomon Brothers in 1981, he invested his $10 million farewell gift in building a computerized data service that he turned into a global news service. Today 105,000 Bloomberg terminals light up the desks of banks and brokerages, and the company has expanded into magazines, TV and radio. Bloomberg's media churn out information about interest rates, currency-exchange rates and other streams of data that would have been considered exotic not long...

Author: /time Magazine | Title: Words To Profit By | 12/7/1998 | See Source »

Like giant vacuum cleaners, Microsoft, Hewlett-Packard, Intel and companies of their kind have been sucking up the brightest people in the world and shipping them to breeding grounds in places like Redmond, Wash. For the first time in history, large numbers of fertile geniuses are living in the same places. The Redmond offspring won't all be geniuses of course; someone has to marry the beautiful people in marketing. But many of the Redmond kids will be frighteningly smart mutants. There's no telling how far this evolutionary shortcut can go. Each generation of geniuses will be smarter...

Author: /time Magazine | Title: Gene Fool | 12/7/1998 | See Source »

COMPUTER The revolution started in 1951 with UNIVAC (Universal Automatic Computer), the first commercial computer in the U.S. Built in 1951 for Remington-Rand Corp., it contained 5,000 vacuum tubes. Today's chip-powered machines, sold by the millions, pack more power than UNIVAC into a laptop...

Author: /time Magazine | Title: One Hundred Great Things | 12/7/1998 | See Source »

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