Shares of profits

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Possible Answers: CUTS .

Last seen on: New York Times Crossword 13 Sep 17, Wednesday

Random information on the term “CUTS “:

The Kansas City standard (KCS), or Byte standard, is a digital data format for audio cassette drives. Byte magazine sponsored a symposium in November 1975 in Kansas City, Missouri to develop a standard for storage of digital microcomputer data on inexpensive consumer quality cassettes, at a time when floppy disk drives cost more than $1,000 USD each (today more than $4500 USD). Although the standard had existed from the earliest days of the microcomputer revolution, very few systems are said to have used it as their standard.

Early microcomputers generally used punched tape for program storage, an expensive option. Computer consultant Jerry Ogdin conceived the use of audio tones on a cassette to replace the paper tapes. He took the idea to Les Solomon, editor of Popular Electronics magazine, who was similarly frustrated by punched tapes. In September 1975 the two co-authored an article on the HITS (Hobbyists’ Interchange Tape System), using two tones to represent 1s and 0s. Soon after a number of manufacturers started using similar approaches, although each of these systems were incompatible.

CUTS on Wikipedia