The Pantagraph from Bloomington, Illinois on November 6, 1983 · Page 48
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The Pantagraph from Bloomington, Illinois · Page 48

Bloomington, Illinois
Issue Date:
Sunday, November 6, 1983
Page 48
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E6 THE PANTAGRAPH, SUNDAY, NOV. 6, 1983 IBM PCjr leads the way for industry The IBM PCjr has a variety of uses, including classroom instruction. WASHINGTON IBM's new PCjr, the company's first computer designed (or consumers, may not be the most innovative or best-priced machine around, but it will quickly become the standard by which all other home computers are measured, computer industry sources predict. The new computer, which IBM introduced last week, is a scaled-down but expandable version of the IBM PC, which has captured a whopping share of the personal computer market in less than two years. Many of the programs already written for the IBM PC can run without modification on the PCjr and that compatibility creates a family of IBM products that software companies can't wait to exploit. Though some other computer makers have kept secret the operating details of their products, IBM has published the technical standards of its personal computer line to encourage both hardware and software vendors to make products to use with the machines. That h ill. n- MTV means anything you want it to mean! With our low interest 13.25 annual percentage rate on an equity loan, home improvements, vacations, recreation, autos, etc. are all possible. See our loan counselors for fast, friendly service and put that home equity to work for you at OLYMPIC FEDERAL OLYMPIC FEDERAL 220S East Washington Bloomington, Illinois 61701 309-663-7371 FSLJC fg You can always get a little financial help from Bloomington Federal. Whether it's your first home, or you're moving to a new neighborhood... buying a home is a major investment. That's why we offer a number of convenient and easy-to-understand loan programs. Let our loan officers help you decide which plan suits your financial needs. Loan programs designed to meet your home-buying needs. 80-90-95 Mortgage Loans. Adjustable mortgage loans with lower monthly payments. Graduated payment mortgages Loan assumption plans. FHA loans. VA loans for veterans. Construction loans, with long term financing, too. Second mortgages. Developed lot loans. Loan refinancing. Equity loans. Mobile home loans. Temporary and permanent buydowns for lower rates. Blends of existing mortgages. mm mm Pima a mmm Blaomington lixi mm Federal FREE CHECKING. . . when 11J i i too fit if oi ifrtmofiV -on payment service. HomaOfflco: Bloomington Federal Savings and Loan Association, 115E. Washington, Bloomington Diingnwmen. caanano nflBip-oioomingion tasttjoiiege Avenue College Hills Mall and West Coiiege Avenue-Normal Lincoln Morton Hickory Point Mali-Decatur Division Officee: Pontiac Federal Forrest Savmas Stream, Floral , Momence Federal First Federal of Oglesby University Federal-Chamoatan - PartnlM Porta ra I. Inhal Crnt Carlsml l C . t.i. n e i , . " Coles County Federal First Federal of Will County Citizens Federal-Urbana Rock Island Federal ESEE "open architecture" approach, say industry participants, assures a flood of products such as printers, light pens and "mice" hand-held controls for moving a cursor on the screen that should enhance the PCjr's saleability. This compatibility has other advantages, as well. The PCjr could just as easily be linked to an office computer network via the phone lines from the home. The "product line" concept of personal computing that IBM espouses will make it possible for IBM machines to be used for home banking, electronic mail, information retrieval and other data communications services that many experts anticipate will become major growth areas. "Everything is gravitating around the IBM standard." Said Fred Gibbon, president of Software Publishing Corp., a California-based software house that produces programs for both the PC and PCjr. "The software momentum is clearly on IBM's side and will propel the machine to success." As one of the biggest companies in the world and by far the largest one in computers, IBM is seen as uniquely positioned to serve the consumer market. "IBM is now the Procter & Gamble or the Kellogg's of the computer business," said Fredrick Adler, a venture capitalist who has financed several companies in the personal computer industry. "They've got a technological brand name that they know they can charge a premium for." recently withdrew from the home computer market, or Apple Computer, which has never officially said it is in the home computer business, there are few fears about IBM's ability to successfully compete In the consumer market Indeed, many industry analysts say IBM is the one company that can inject stability and a sense of legitimacy to a market that has been wracked by price wars and bankruptcies. IBM's announced entry into the consumer market, says Lee Isgur, an analyst at Paine Webber, has opened a "price umbrella" beneath which home computer companies may compete without the fear of the debilitating price wars that have marked this year's sales. Unlike Texas Instruments, which Tin wminton Post Gdward i n D. Jonoo cAZJoco. Members New York Stock Exchange), inc. 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