Word: webber
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...sales last year jumped by 69%. Another 1.5 million are expected to be sold this year. Six-hour blank videotape cassettes, which can be used over and over again, cost only about $20, although tapes of recent movies are about $70. Says Wall Street Analyst Lee Isgur of Paine, Webber: "Probably 98% of the people who are exposed to videodisc and a videotape recorder for the first time will buy the tape recorder." Adds an industry watcher, Anthony Hoffman of the New York brokerage firm of A.G. Becker: "The question is not which videodisc system will win but whether...
...frequently dealing with promising but untested technologies in untried markets. Despite the uncertainties involved, investors are now rushing to buy the sudden surge of new stock issues as they dream of discovering the next IBM or Xerox. Says Peter Rawlings of Wall Street's Blyth Eastman Paine Webber: "We really have not seen a stock market like this since the early...
Perhaps the best thing about this film is the cast list, which includes such good people as Eileen Brennan, Barbara Barrie, Robert Webber, Albert Brooks and Harry Dean Stanton. Among the bad things is its failure to give any of them anything worthwhile to do. Brennan, one of the screen's master muggers, puts up a good fight against the odds. Everyone else very sensibly stays low in the foxholes...
...cars and a cash bind have made Ford in many ways an even sicker company than Chrysler. Ford's big models are selling poorly, and it lags behind both Chrysler and GM in the production of small, front-wheel-drive cars. Says Auto Analyst Maryann Keller of Paine Webber Mitchell Hutchins: "Caught between GM, with all its money, and Chrysler, with a federal sugar daddy, Ford has to husband its limited resources...
...Langenfeld of Minneapolis' Dayton Hudson chain: "Customers are responding mostly to clear-cut value and reductions. A substantial part of our sales is being achieved by cutting prices. Profits are being squeezed." Almost all the large chains are feeling the profits pinch. Industry Analyst Stuart Robbins of Paine Webber Mitchell Hutchins expects second-quarter earnings for twelve of the biggest retailers to decline by an average 25% to 30%. Last week J.C. Penney Co. announced that profits for April through June were down 69%, to a negligible $5 million on sales of $2.5 billion. Last week the perennially troubled...