Word: xeroxers
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...duties to start a new company. Since February the company's stock has plummeted by one-third to close last week at 20 1/4. That has generated talk in the industry that Apple will become the target of a takeover attempt or merger bid, possibly by AT&T or Xerox...
...Benedetti continues to pursue foreign partners. Last week Olivetti announced that Xerox will now market Olivetti's M-24 personal computer in the U.S. and Canada under the Xerox name. Market experts estimate the U.S. firm may sell some 30,000 of the machines a year. At the same time, Rank Xerox, the firm's British operation, will work with Olivetti to produce and market equipment in Europe and Asia...
...pleases him to decline movie producers' serious offers to buy the rights to Iacocca. "The hell with the half-million advance," he says. At a safe distance, he even likes the loving mobs. On a damp evening last week in Rochester, he showed up to speak at a Xerox-sponsored lecture series that has drawn crowds of a few hundred. More than 3,000 came out to see Iacocca. After the crackerjack 45-minute lecture, they gave him a standing ovation. Later that night, stretched out on the plane back to Detroit, he was still impressed by all those fans...
...covered a wide range of corporate activity, from a call on Emerson Electric to adopt ethical criteria for accepting military contracts: to a demand that Merck & Co. cease making contributrions to charitable organizations and non-profit institutions: to an appeal to Standard Oil of California. Baxter Travenol, Texaco, and Xerox to abide by minimal standard of ethical conduct in their South African operations or withdraw from that country...
...leaner times. But now, just when the investments should be ripening, many have turned up sour. Last week Exxon said that it is trying to find a buyer for its moribund office-equipment division, an enterprise that has cost the company some $100 million. When Exxon challenged Xerox, IBM and Wang by introducing its Vydec word processors, Qyx typewriters and Qwip facsimile transmitters in the late 1970s, the innovative machines drew praise. But the oil company failed to follow up with more breakthroughs, and its business-equipment sales never took...