Word: computerizing
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Dates: during 1990-1990
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When American Telephone & Telegraph entered the computer business six years ago, big things were expected to happen. After all, the company had invented the transistor, the basic building block of modern computers, and it had built the nation's telephone system, which is essentially one vast computer network. Industry analysts...
Though many expected the company to throw in the towel, AT&T stunned Wall Street last week by proposing the biggest acquisition in the brief history of the computer industry, offering to buy Dayton-based computer maker NCR for $6 billion. When NCR rejected the initial, friendly offer, its suitor...
...telephone system to NCR's worldwide network of cash registers and ATMs. That would give AT&T significant entree into the exploding business of processing transactions for retailing and financial-services firms. And it fits into AT& T's dream for the 21st century: to wire every household for computerized shopping services...
NCR also suits AT&T's long-term computer strategy. The two companies' machines are largely compatible, using the same operating software, called Unix, invented by AT&T in 1969. As a result, they would be able to integrate their product lines rather than face the dilemma of having to...
AT&T's abysmal showing in computers so far is somewhat baffling. Its scientists at Bell Laboratories have been on the leading edge of computing, playing a key role in developing such technology as the microprocessor. But the company has failed to convert high science into financial success. Its first...