Word: xeroxes
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...origins and consequences of the American involvement in Viet Nam. The Selling of the Pentagon won an Emmy, Hearts and Minds an Oscar, but both were also criticized as simplistic, distorted and unfair to some of the people they depicted. Middletown is likely to become just as controversial. Indeed, Xerox, which provided $600,000 of the program's $3 million budget, has already disassociated itself, disturbed by the sometimes foul language. Larry Grossman, the president of PBS, has denounced one 4-min. 7-sec. scene in which a teen-age boy graphically recounts his sexual exploits as "tasteless, exploitative...
...International is a victim of technological change. The 58-year-old firm was struggling as a manufacturer of old-fashioned duplicating machines in an age of Xerox copiers when Roy Ash, former head of Litton Industries and Budget Director in the Nixon Administration, took over in 1976 as chairman. Ash immediately began buying up companies that manufactured electronic office equipment and moved the company headquarters from Cleveland to Los Angeles. The new products, including word processors, copier devices and credit-card billing systems, soaked up millions of dollars in development costs, and AM International's profits fell sharply...
...large, complex organization. In other cases, the entrepreneur gets in trouble and must get help from professional managers. Centronics Data Computer Corp., a New Hampshire maker of computer printers founded by Robert Howard in 1968, ran into financial problems in 1980. Managinto financial problems in 1980. Managers from Xerox and Raytheon were brought in to help. Losses ran to $24.5 million on sales of $123.9 million from June 1980 to June 1981. The company has signed an agreement with Control Data that could bring in $25 million in new cash, and Howard may be forced to step down as chairman...
...come to a critical juncture. The company, which last year garnered 23% of the $2.2 billion worldwide market in personal computers, has to fight off a host of aggressive competitors. Tandy Corp.'s Radio Shack, with its 8,400 retail outlets, has captured an equal 23% of sales. Xerox has a new entry that its engineers call the "worm" because they claim that it can eat an Apple. Most important, mighty IBM has joined the fray with its first personal computer...
...data transmission. A 1980 ruling by the FCC allowed the company to compete in those markets if it created a subsidiary. The firm is in the process of doing this, and the new entity has already been dubbed Baby Bell. The offspring would compete head-on with giants like Xerox and IBM in the fast-changing world of information technology. Meanwhile, the Senate has already passed legislation that would clearly define the role of Baby Bell, and the House is expected to do the same. The new subsidiary could start business with assets of $18 billion to $20 billion, making...