Word: beckman
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Dates: during 1960-1969
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...vision from 180° to 75° and made the prettiest girl look like a sea monster, can now buy a new kind of contact lens: a tiny mask made of shatterproof plastic that covers the entire eyeball. Invented by Washington, D.C., Optometrist Alan Grant and Navy Captain Edward Beckman, the new lenses cost $175 a pair, or roughly the same as regular contacts...
...FarringtonManu-facturing.whichclimbed to 57 on the merits of its optical scanner, is down to 13 now that competitors have similar machines. By contrast, companies that are well diversified or solidly backlogged with defense contracts are holding up well. Litton Industries is close to its historic high at 134, as is Beckman Instruments at 131¾. Avco last week hit an alltime peak...
...Fairchild got what he admits was a "lucky break." Eight young scientists working for Beckman Instruments decided to leave en masse with their idea for producing an extremely advanced transistor. After several companies turned down their request for financial backing, they came to Fairchild. He set them up in Fairchild Semiconductor Corp., as a division of Fairchild Camera, gave them stock in Fairchild Camera. Their success in developing the transistor (division sales may hit $30 million this year) is partly responsible for the spurt in Fairchild stock...
...Arnold O. Beckman, 60, is a former assistant professor of chemistry at California Institute of Technology who did a friend a favor by making a "pH" meter to test the acidity of lemon juice, set up shop in a garage in 1935 to manufacture them for industrial testing purposes. The small beginning grew into Beckman Instruments, which now has sales of $45 million, makes analytical instruments. Beckman owns 37% of his company's 1,380,000 shares, which is now worth $44.9 million...
Wall Street's Lehman Brothers has been one of the biggest floaters of growth stocks (Litton, Beckman, etc.). At first, most other big Wall Street houses showed little interest in the field. Smaller houses with low overhead and a hungry eye stepped in. Says Belmont Towbin of C.E. Unterberg, Towbin: "We've made 30 to 40 millionaires"-including himself. Wealth has worked no great change in the lives of most of the new executive millionaires. They are a new breed too interested either in their companies or in scientific research to indulge themselves with their new fortunes. Arnold...