Word: polaroiding
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...million of Gulf stock is part of a portfolio that includes over $10 million each of stock in Polaroid (the company that brought you colonialism in South Africa and identity cards in the United States). Middle South Utilities (a leading practitioner of racism in Mississippi). International Telephone and Telegraph, and American Telephone and Telegraph (one of the top defense contractors in the nation, and the country's best example of sexism in employment according to a recent report of the Equal Employment Opportunities Commission...
...Polaroid employees later demonstrated the new camera in booths scattered about a company warehouse near Boston that had been cleaned up and prettified for the affair. The new film developed for the camera produced brilliant color, though some pictures appeared to be less sharp than those processed on standard, non-Polaroid film. Even so, the end product is superior to any previous Polaroid process. Unlike the damp prints that emerge from present models, the new ones -which are made of plastic, not paper -feel completely dry, even during the remarkable, outside-the-camera developing process. Thus the paper liners...
...Polaroid has built five new factories in the Boston area to make the new camera and film, which company officials expect to have on dealers' shelves in time for the Christmas season. Estimated prices: $100 to $175 for the camera, about 45? per picture for the film. Any production delays might prove enormously costly, since sales of Polaroid's more expensive current models ($110 to $175) undoubtedly will trickle off until the new product is available. In an effort to prevent such a sales lag, Polaroid has refused to provide any pictures or drawings of the new camera...
Land's stockholders may have to cherish their more intangible rewards for some time. Although Polaroid's first-quarter profits grew by a healthy 17% over those of 1971, Treasurer Harvey Thayer has predicted that the rest of 1972 will be a "lean year," partly because of the huge sums of cash required for production of the new camera. Yet Land, who literally invented the $540 million instant-photography market, displayed profound confidence in his latest product. "Our camera is intellectually complicated and operationally simple," he said. "All you have to do to have the picture...
Whatever problems Polaroid may encounter with its new instant-processing camera and film, they will not include any immediate competition from the company's chief rival in the amateur camera market, Eastman Kodak Co. Although Kodak is making "solid progress toward an in-camera processing system of our own," according to President Gerald B. Zornow, company officials declined to predict when it might be available. Kodak's entry into the pocket-photography race-the recently introduced Pocket Instamatic (TIME, March 27)-is much further along. Zornow reports that orders placed by camera dealers have "all but erased substantial...