Found a couple of articles on Bell labs and the development of magnetic tape. One author's assertion that the decision to suppress development was based on fear of the public abandoning the use of phones was interesting. I had always thought it had more to do with not having a reproduction device capable of producing playback of sufficient quality for any practical use - that coming to the US much later after WWII with the German tape recorders.
And, given the patent monopolies, if they sold less phones and more recorders, wouldn't Bell still have been making the money either way?
http://io9.com/5699159/how-ma-bell-shelved-the-future-for-60-years
http://www.neatorama.com/2010/11/26/how-att-shut-down-the-development-of-magnetic-tape/
And, given the patent monopolies, if they sold less phones and more recorders, wouldn't Bell still have been making the money either way?
http://io9.com/5699159/how-ma-bell-shelved-the-future-for-60-years
http://www.neatorama.com/2010/11/26/how-att-shut-down-the-development-of-magnetic-tape/