Word: computerization
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∙TOYS: The toy industry rakes in 60% of its billion-dollar-plus business in the Christmas season, and small wonder: most of last year's toys are rubble by now, thanks partly to a child's built-in facility for destruction and partly to the built-in...
The most likely reason for Burns's exit appears to have been his close identification with RCA's belated entry into the computer business. Between huge development costs and slow sales, RCA's computer program has been running at a loss big enough to offset the profit...
More than most youthful industries, the burgeoning U.S. computer business is dominated by giants-IBM, Philco, Sperry Rand. A notable exception is an aggressive young Minneapolis firm with the electronic-era name of Control Data. In four years, Control Data has risen from the brink of financial ruin to such...
What saved the company was a breakthrough by Engineer Seymour Cray in the emerging field of solid-state computers. By using transistors instead of vacuum tubes, and cheap printed circuits instead of miles of intricate wiring, Cray developed Control Data's reliable and relatively cheap ($1,250,000) 1604...
Through the Heavens. The Sperry Rand suit remains unsettled, but Norris and colleagues are confidently pushing ahead. On the strength of the 1604's immediate success, Control Data raised the money to develop two desk-size computers and one medium-size one. Also under development is Control Data'...