Word: copier
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Dates: during 1960-1969
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...Cover: Statue of John Harvard. Photo collage done with electrostatic copier and gouache by Louis Glanzman...
...distant second to Xerox in the duplicating-machine area, 3M began field-testing its "color in color" copier last spring, says it will start delivering the machines on both a selling and a leasing basis within a year. To woo customers, 3M will, beginning early in 1969, open six display centers across the U.S. One of the most important selling points is that 3M's pioneering copier, by contrast with early color television, boasts high-quality color-in solids and halftones alike...
...Despite its substantial head start toward that rainbow of riches, 3M has every reason to respect the competition. RCA and Polaroid, which are both newcomers to the duplicating-machine business, are still working on color-copying processes of their own. Then, of course, there is always Xerox, whose color copier, when it comes out, will almost inevitably...
Xerox Corp. stockholders like to open their annual meetings with a round of applause for management-and they have ample reason. Since 1960, when Chairman Joseph Chamberlain Wilson introduced one of history's most profitable single products-the Xerox 914 office copier-the company's sales have increased 18-fold (to last year's $701 million), its profits have grown 37 times (to $97 million), and its stock, long the shiniest of the glamour issues, has increased in value 50 times to the latest close...
Salesman McColough, who built up what is now a 7,800-man nationwide marketing force, made the most of those opportunities, and was rewarded with the presidency two years ago. For the future, McColough plans to work on cutting costs and expanding Xerox' duplicating business at home and copier sales abroad, where the market is growing much faster than the U.S. rate of 15% a year...