Capital de TokensThey sold Europe’s future to save a typewriter
Watch on YouTube In 1964, they sold the electronics division to General Electric. It is a classic example of European financial shortsightedness: selling the technology of the future in an attempt to protect the old mechanical typewriters that generated short-term profits. Fortunately, engineer Perotto’s team saved the Programma 101 with a l
In 1964, they sold the electronics division to General Electric. It is a classic example of European financial shortsightedness: selling the technology of the future in an attempt to protect the old mechanical typewriters that generated short-term profits. Fortunately, engineer Perotto’s team saved the Programma 101 with a last-minute bureaucratic hack. They changed the machine’s classification from “computer” to “calculator” the night before the sales agreement, since calculators were not included in the assets transferred to General Electric. And to keep the American executives from discovering the deception, the engineers painted the windows and secretly worked in the same building that had just been sold.
Full episode: https://youtu.be/EA0dcQLlDfU
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