Word: bendix
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Dates: during 1980-1989
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Experts differ on four-wheel steering's potential. Jerry Rivard, vice president of Bendix Electronics, a major auto supplier, calls it a "dramatic jump in technology" and predicts that it will be standard equipment on cars of the future. Ron Glantz, an auto analyst at Montgomery Securities, feels otherwise. "Other than parking," he says, "the only benefit is on gravel roads at speeds over 70 m.p.h." In Japan, where the technology was first marketed more than two years ago, car buyers seem favorably impressed. Nissan reports that 40% of the Japanese who pick the flashy Skyline model ask for four...
...took place last month, when Westinghouse Electric sold off part of its money-losing Unimation robotics division. The buyer: Prab Robots, a small Michigan-based manufacturer of industrial robots and conveyor machines. Westinghouse's 1983 purchase of Unimation for $107 million marked Big Business's arrival in robotics; IBM, Bendix and General Electric soon followed. Unimation, founded in 1959, was a robotics pioneer. Its first product was an $18,000 Unimate machine used by General Motors to load forged dies at a New Jersey auto-assembly plant. As recently as 1981, Unimation made 45% of all robots sold...
Designed by the FAA and built by both Allied Bendix and Sperry/Dalmo Victor, TCAS II uses a transponder to interrogate as well as answer another plane's radar beacon by sending out information on its position. When two planes are on a potential collision course, onboard TCAS computers alert the pilots with flashing lights, voice messages and a radar screen display showing the planes' relative positions; the computers even indicate up or down evasive action. Following the Cerritos tragedy, the FAA ordered that no aircraft be allowed into the terminal control area above major airports without an altitude-signaling transponder...
...merger bid represents a career-end gamble for Blumenthal, 60, who earlier served as chairman of Bendix and as Treasury Secretary under President Carter. His determined advance convinced Wall Street that Sperry's days as an independent company are numbered. In just two days last week, speculators sent Sperry's stock price up $16.25, to $71.25. Some investors think Sperry will find a so-called white knight to deliver it from Blumenthal's clutches, but the company is running out of candidates. During the past year, Sperry is rumored to have held merger talks with ITT, General Dynamics...
...other hand, when executives confuse intuition with fantasy, the results can be disastrous. William Agee, the former chairman of Bendix, may have confused the two during his abortive 1982 campaign to take over Martin Marietta. Marietta later rejected Agee's offer, and Bendix was devoured by Allied Corp...