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Timex is the nation's largest watch manufacturer and has expanded its lines from simple, low-cost watches to include high-tech tickers capable of paging or downloading computer data. Its sports watches have gone upscale and gadgety with its Expedition and Ironman lines. Timex also makes watches for Guess? and Versace, under license. Founded in 1854, Timex is owned by the family of chairman Annette Olsen, whose grandfather bought the company in 1942.