Article: FROM CASH REGISTERS TO HIGH-TECH CASH FLOW

DAYTON, Ohio - A proposed merger between AT&T and NCR Corp. comes at a time when NCR is at the zenith of its transformation from a maker of low-tech cash registers to a leading producer of innovative computer systems.

NCR chairman Charles E. Exley Jr. said yesterday his company opposes American Telephone & Telegraph Co.'s offer to buy NCR for $6 billion because it would distract NCR from its plans to market a new line of computers in the 1990s.

NCR was founded in 1884 when John Henry Patterson bought the National Manufacturing Co. and renamed it National Cash Register. The company nearly cornered the market in cash registers, creating thousands of jobs for the Dayton-area economy.

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