Word: xeroxers
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Dates: during 1980-1989
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...real stumbling block in settling the Iranian assets issue will be the claims brought by companies and individuals who were owed money for work they once did in Iran, or who have been the victims of expropriation since the revolution. The latest of these claimants is Xerox, which last week asked a federal court for a lien of $85 million against the frozen assets. Xerox is seeking to receive payment for Rank Xerox Iran, a company that it owns jointly with Britain's Rank Organization. Iran's Bonyad-e Mostasafin, a foundation set up by the Iranian government...
...Genentech are expected to go on sale soon on the over-the-counter market, and investors are queuing up to buy what some believe will be one of the strongest new issues of the '80s. A few brokers are already touting Genentech as the next Polaroid or Xerox. Says Financial Analyst Peter Smith of E.F. Hutton: "The expectations of the people doing research are mighty exciting. But for now we are selling sizzle-there is no steak around...
...have set up camp at a tank range, miles of scrub and shrubbery dotted with pop-up silhouette targets that look like Soviet tanks, trucks and armored cars. Staff Sergeant Donald Fogal, 36, tank commander (foreman in an auto parts plant), and his regular gunner, Sergeant Ron Pospisil, 31 (Xerox representative), have to run through the qualification course with a pickup driver, Corporal Victor Feliciano, 32 (nursing home worker), and loader, Corporal Terry Bell, 27 (prison teacher). They all work up a sweat piling the tank full of machine-gun ammunition and 105-mm shells that weigh 38 lbs. apiece...
...auto business, he hopes to sell every one of the 600,000 K-cars that the company can produce this model year. So far, the public's response is good. Even before the cars have moved into dealer showrooms, Chrysler has sold 45,000 to fleet buyers like Xerox and AT&T and another 45,000 to dealers and individuals...
...Bell is expecting. The announcement came last week as A T & T, the world's largest corporation, shuffled its management and company organization to prepare for the birth of an independent subsidiary. The new offspring, nicknamed Baby Bell, will battle IBM, Xerox and GTE's Telenet for supremacy in the burgeoning computer communications market. It will begin life as a giant with about 15% of Bell's $122 billion in assets, and by 1985 Baby Bell may be doing $10 billion worth of business...