Word: high-tech
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...kind that shows up for breakfast and moves in with the children. In the purebred version, shorthair kittens cost $300 to $500. The Egyptian Man, a fairly new breed, is extremely rare-a mere 51 are C.F.A.-registered. The only spotted domestic in existence (in pewter or bronze for high-tech décor), the usually aloof Mau favors water and often surprises owners by joining them in the tub. The quiet Korat from ancient Siam is one of the oldest breeds. A silver-blue shorthair, this uncommon cat is prized for its smooth curves and big luminous eyes...
...cores, and cathode-ray tubes to design and program the assembly of its new Series-50 farm tractor. Meanwhile, the computerized streamlining of shop-floor operating procedures has so far helped the company dispose of $800 million worth of inventory, giving the firm new hope of prospering in the high-tech 1980s...
...companies that have captured the lead in designing and marketing CAD/CAM equipment have names like Applicon, Calma and Computervision, and are among the hottest of the hot new high-tech darlings of Wall Street. Applicon, a leader in the field, with fiscal 1980 sales of $75 million, is being taken over by New York City-based Schlumberger Ltd., the big oilfield services firm, which is anxious to establish a strong foothold in the field...
Take the hypothetical case of cash-starved Meager Motors, which is anxious to improve productivity at its auto assembly plant by buying $10 million worth of industrial robots. For help, M.M. turns to lucrative Moneytronics Corp. Once Meager Motors buys its robots, the high-tech firm agrees to step in and take them off the automaker's hands for a $2 million down payment, with the remaining $8 million to be paid out over five years...
Immediately upon buying the robots, Moneytronics turns around and leases them back to Meager Motors under a five-year deal in which the rental payments from the automaker exactly match, and cancel out, the loan payments by the high-tech firm. At the end of the lease, Meager Motors buys back the machines for $1. Result: Moneytronics not only receives a $1 million investment tax credit that offsets 50% of its down payment on the equipment, but the firm also gets to claim depreciation tax benefits. Thus it can effectively postpone paying taxes as well as enjoy interest-free...