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Possible Answers:
PEP.
Last seen on: USA Today Crossword – Jan 19 2020
Random information on the term “PEP”:
Telebit was a US-based modem manufacturer, known for their TrailBlazer series of high-speed modems. One of the first modems to routinely exceed 9600 bit/s speeds, the TrailBlazer used a proprietary modulation scheme that proved highly resilient to interference, earning the product an almost legendary reputation for reliability despite mediocre (or worse) line quality. They were particularly common in Unix installations in the 1980s and 1990s.
The high price of the Telebit modems was initially not a concern as their performance was equally high compared to other systems. However, as new designs using V.32 and V.32bis began to arrive in the early 1990s, Telebit’s price/performance ratio was seriously eroded. A series of new designs followed, but these never regained their performance lead. By the mid-1990s the company had been part of a series of mergers and eventually disappeared in 1998 after being acquired by Digi International.
Telebit was founded by Paul Baran, one of the inventors of the packet switching networking concept. Baran had recently started a networking company known as Packet Technologies on Bubb Road in Cupertino, California, which was working on systems for interactive television. While working there, he hit on the idea for a new way to implement high-speed modems, and started Telebit across the street. Packet Technologies was a major beta customer for Telebit in late 1985. Packet Technologies later failed, and several of their employees were folded into Telebit, while most of the others formed StrataCom, makers of the first Asynchronous Transfer Mode (ATM) switches.