IBM decided they were going to enter the copying business in 1968.

Davis Jr. Personal life
In 2003 Rock donated $25 million to the Harvard Business School to establish the Arthur Rock Center for Entrepreneurship. formed the San Francisco venture capital firm Davis & Rock.

Arthur Rock (born August 19 1926 and grew up in Rochester NY) is an American businessman and investor. Based out of Silicon Valley California he was an early investor in major firms including Intel Apple Computer Scientific Data Systems and Teledyne.