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Xerox Parc’s Engineers on How They Invented the Future—and How Xerox Lost It

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It employs approximately 350 researchers, managers, and support staff (by comparison, Bell Laboratories before the AT&T breakup employed roughly 25,000). But Goldman was unable to convince the executive to whom Xerox’s Electro-Optical Systems division reported (whose background was accounting and finance) to allow a bid.

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