Word: computerization
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Also helping RCA's turnaround was its computer division. It was started in 1958 by Sarnoff and then RCA President John Burns. They had the right idea, but they overestimated their chances in a business where huge investments come back slowly as rental payments, and they underestimated the hard...
Late in 1961, with Sarnoff growing impatient over computer losses that by then had mounted to $100 million, Burns was replaced as president by Engineer Elmer Engstrom, 61. In 1962, under Engstrom, RCA sharply reduced the research costs of its computer division. It also phased out the commercial model of...
The Other Half. Sarnoff is confident that RCA's computer losses will be halved again in 1963, and hopeful that the computer division will move into the black in 1964. As for color TV, the industry predicts that sales will rise in 1963 to 750,000 or 1,000...
Armed with blank check, ballpoint pen and driver's license for identification, almost any American can cash a check at his friendly neighborhood supermarket or liquor store. This shirtsleeves casualness about money has ballooned bad-check losses in the U.S. to an estimated $1 billion a year. But bum...
An IBM Ramac 305 computer is the soul of a profitable, year-old company called Telecredit, Inc., bossed by Chairman Robert Goldman, 36, an electrical engineer, and President Ronald Katz, 26, a businesslike onetime assistant dean of students at U.C.L.A. The computer at Telecredit headquarters is programmed with the name...